<SEC-DOCUMENT>0000891092-12-006407.txt : 20121105
<SEC-HEADER>0000891092-12-006407.hdr.sgml : 20121105
<ACCEPTANCE-DATETIME>20121105121412
ACCESSION NUMBER:		0000891092-12-006407
CONFORMED SUBMISSION TYPE:	N-CSR
PUBLIC DOCUMENT COUNT:		11
CONFORMED PERIOD OF REPORT:	20120831
FILED AS OF DATE:		20121105
DATE AS OF CHANGE:		20121105
EFFECTIVENESS DATE:		20121105

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BLACKROCK FLOATING RATE INCOME STRATEGIES FUND, INC.
		CENTRAL INDEX KEY:			0001259708
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		N-CSR
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-21413
		FILM NUMBER:		121179184

	BUSINESS ADDRESS:	
		STREET 1:		100 BELLEVUE PARKWAY
		CITY:			WILMINGTON
		STATE:			DE
		ZIP:			19809
		BUSINESS PHONE:		800-441-7762

	MAIL ADDRESS:	
		STREET 1:		100 BELLEVUE PARKWAY
		CITY:			WILMINGTON
		STATE:			DE
		ZIP:			19809

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BLACKROCK FLOATING RATE INCOME STRATEGIES FUND INC
		DATE OF NAME CHANGE:	20061020

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FLOATING RATE INCOME STRATEGIES FUND INC
		DATE OF NAME CHANGE:	20030813
</SEC-HEADER>
<DOCUMENT>
<TYPE>N-CSR
<SEQUENCE>1
<FILENAME>e50475ncsr.htm
<DESCRIPTION>ANNUAL REPORT
<TEXT>
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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 77.75pt; text-align: center; text-indent: -77.75pt"><FONT STYLE="font-weight: normal; vertical-align: baseline">UNITED
STATES</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 77.75pt; text-align: center; text-indent: -77.75pt"><FONT STYLE="font-weight: normal; vertical-align: baseline">SECURITIES
AND EXCHANGE COMMISSION </FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 77.75pt; text-align: center; text-indent: -77.75pt"><FONT STYLE="font-weight: normal; vertical-align: baseline">Washington,
D.C. 20549</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 78pt; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 77.75pt; text-align: center; text-indent: -77.75pt"><B>FORM N-CSR</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 77.75pt; text-align: center; text-indent: -77.75pt"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in"><B>CERTIFIED SHAREHOLDER REPORT
OF REGISTERED MANAGEMENT INVESTMENT COMPANIES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: center; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: center; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.5in">Investment Company Act file number
811-21413</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.5in">Name of Fund: BlackRock Floating
Rate Income Strategies Fund, Inc. (FRA)</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.5in">Fund Address: 100 Bellevue Parkway,
Wilmington, DE 19809</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.5in">Name and address of agent for service:
John M. Perlowski, Chief Executive Officer, BlackRock Floating Rate Income Strategies Fund, Inc., 55 East 52<SUP>nd</SUP> Street,
New York, NY 10055</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.5in">Registrant&rsquo;s telephone number,
including area code: (800) 882-0052, Option 4</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.5in">Date of fiscal year end: 08/31/2012</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.5in">Date of reporting period: 08/31/2012</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 11pt">Item 1 &ndash; Report to Stockholders</P>

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    <TD STYLE="width: 50%"><IMG src="a49718x1x1.jpg" border=0></TD>
    <TD STYLE="width: 50%; text-align: right; vertical-align: bottom"><FONT STYLE="font-size: 10pt">August 31, 2012</FONT></TD></TR>
</TABLE>

<DIV STYLE="width: 100%; padding-right: 0%; padding-left: 0%">

<P STYLE="text-align: left; margin-top: 72pt; font: 18pt Times New Roman, Times, Serif; background-color: rgb(57,76,135); color: White; padding-top: 12pt; padding-bottom: 12pt; padding-left: 12pt">
Annual Report</P>
<P STYLE="text-align: left; margin-left: 12pt; margin-top: 0; margin-bottom: 9pt">
BlackRock Defined Opportunity Credit Trust (BHL)</P>

<P STYLE="text-align: left; margin-left: 12pt; margin-top: 0; margin-bottom: 9pt">BlackRock Diversified Income Strategies Fund, Inc. (DVF)</P>

<P STYLE="text-align: left; margin-left: 12pt; margin-top: 0; margin-bottom: 9pt">BlackRock Floating Rate Income Strategies Fund, Inc. (FRA)</P>

<P STYLE="text-align: left; margin-left: 12pt; margin-top: 0; margin-bottom: 72pt">BlackRock Limited Duration Income Trust (BLW)</P>
<P STYLE="text-align: center; border: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; margin-right: 50%">
<B>Not FDIC Insured </B>&#149; <B>No Bank Guarantee </B>&#149; <B>May Lose Value</B></P>
</DIV>

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<P STYLE="text-align: left; font-size: 14pt; border-top: rgb(57,76,165) 4pt solid; color: #394c87">
<FONT color="#0000cc">Table of Contents</FONT></P>
<P STYLE="text-align: right; color: rgb(57,76,135); border-top: rgb(57,76,165) 2pt solid; border-bottom: rgb(57,76,165) 1pt solid; padding-top: 1pt; padding-bottom: 1pt; background-color: rgb(227,227,239)">
<B><FONT color="#0000cc">Page</FONT></B></P>
<DIV align="left">
<TABLE border=0 style="width:100%" cellspacing=0 style="font-family: 'Arial';font-size: 10pt;">
<TR valign="bottom">
	<TD align=left width=74%>
<A HREF="#a_001">Dear Shareholder</A></TD>
	<TD align=right width=25%>
3</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=74%>
<B>Annual Report:</B></TD>
	<TD align=left width=25%>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=74%>
<A HREF="#a_002">Fund Summaries</A></TD>
	<TD align=right width=25%>
4</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=74%>
<A HREF="#a_003">The Benefits and Risks of Leveraging</A></TD>
	<TD align=right width=25%>
12</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=74%>
<A HREF="#a_004">Derivative Financial Instruments</A></TD>
	<TD align=right width=25%>
12</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=74%>
Financial Statements</TD>
	<TD align=left width=25%>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=74% style="TEXT-INDENT:7.109314pt">
<A HREF="#a_006">Schedules of Investments</A></TD>
	<TD align=right width=25%>
13</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=74% style="TEXT-INDENT:7.109314pt">
<A HREF="#a_007">Statements of Assets and Liabilities</A></TD>
	<TD align=right width=25%>
57</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=74% style="TEXT-INDENT:7.109314pt">
<A HREF="#a_008">Statements of Operations</A></TD>
	<TD align=right width=25%>
58</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=74% style="TEXT-INDENT:7.109314pt">
<A HREF="#a_009">Statements of Changes in Net Assets</A></TD>
	<TD align=right width=25%>
59</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=74% style="TEXT-INDENT:7.109314pt">
<A HREF="#a_010">Statements of Cash Flows</A></TD>
	<TD align=right width=25%>
63</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=74%>
<A HREF="#a_011">Financial Highlights</A></TD>
	<TD align=right width=25%>
64</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=74%>
<A HREF="#a_012">Notes to Financial Statements</A></TD>
	<TD align=right width=25%>
68</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=74%>
<A HREF="#a_013">Report of Independent Registered Public Accounting Firm</A></TD>
	<TD align=right width=25%>
80</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=74%>
<A HREF="#a_014">Important Tax Information</A></TD>
	<TD align=right width=25%>
80</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=74%>
<A HREF="#a_015">Disclosure of Investment Advisory Agreements and Sub-Advisory Agreements</A></TD>
	<TD align=right width=25%>
81</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=74%>
<A HREF="#a_016">Automatic Dividend Reinvestment Plans</A></TD>
	<TD align=right width=25%>
85</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=74%>
<A HREF="#a_017">Officers and Directors</A></TD>
	<TD align=right width=25%>
86</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=74%>
<A HREF="#a_018">Additional Information</A></TD>
	<TD align=right width=25%>
89</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: left;"></P>
</DIV>

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<P STYLE="text-align: left; font-size: 14pt; border-top: rgb(57,76,165) 4pt solid; color: #394c87"><A NAME="a_001"></A>
<FONT color="#0000cc">Dear Shareholder</FONT></P>
<DIV STYLE="margin-right: 20pt; width: 58%; float: left;">

<P style="text-align: left;">
About this time one year ago, financial markets had been upended by sovereign debt turmoil in the United States and Europe as well as growing concerns about the future of the global economy. Since then, asset prices have waxed and waned in broad strokes
as investors reacted to developments in Europe&#146;s financial situation, mixed US economic news and global central bank policy action.</P>
<P style="text-align: left;">
After confidence crumbled in the third quarter of 2011, October brought improving economic data and more concerted efforts among European leaders toward stemming the region&#146;s debt crisis, gradually drawing investors back to the markets. Improving
sentiment carried over into early 2012 as investors felt some relief from the world&#146;s financial woes. Volatility abated and risk assets (including stocks, commodities and high yield bonds) moved boldly higher through the first two months of 2012
while climbing Treasury yields pressured higher-quality fixed income assets.</P>
<P style="text-align: left;">
Markets reversed course in the spring when Europe&#146;s debt problems boiled over once again. High levels of volatility returned as political instability in Greece threatened the country&#146;s membership in the euro zone. Spain faced severe deficit
issues while the nation&#146;s banks clamored for liquidity. Yields on Spanish and Italian government debt rose to levels deemed unsustainable. European leaders conferred and debated vehemently over the need for fiscal integration among the 17 nations
comprising the euro currency bloc as a means to resolve the crisis for the long term.</P>
<P style="text-align: left;">
Alongside the drama in Europe, investors were discouraged by gloomy economic reports from various parts of the world. A slowdown in China, a key powerhouse for global growth, became particularly worrisome. In the United States, disappointing jobs reports
dealt a crushing blow to sentiment. Risk assets sold off in the second quarter as investors again retreated to safe haven assets.</P>
<P style="text-align: left;">
Despite the continuation of heightened market volatility, most asset classes enjoyed a robust summer rally. Global economic data continued to be mixed, but the spate of downside surprises seen in the second quarter began to recede and, outside of Europe,
the risk of recession largely subsided. Central bank policy action has been a major driver of market sentiment in 2012. Investors&#146; anticipation for economic stimulus drove asset prices higher over the summer as the European Central Bank stepped up
its efforts to support the region&#146;s troubled nations and the US Federal Reserve reiterated its readiness to take action if economic conditions warrant.</P>
<P style="text-align: left;">
On the whole, most asset classes advanced during the reporting period. US large cap stocks delivered strong returns for the 12 months ended August 31, 2012, while small cap stocks and high yield bonds also performed well. Despite the risk-asset rally in
recent months, higher-quality investments including tax-exempt municipal bonds and US Treasury bonds posted exceptional gains by historical standards and outperformed investment-grade corporate bonds. International and emerging equities, however, lagged
other asset classes amid ongoing global uncertainty. Near-zero short term interest rates kept yields on money market securities near their all-time lows.</P>
<P style="text-align: left;">We know that investors continue to face a world of uncertainty and volatile markets, but we also
believe these challenging times present many opportunities. We remain committed to working with you and your financial professional
to identify actionable ideas for your portfolio. We encourage you to visit <B>www.blackrock.com/newworld</B> for more information.</P>
<P style="text-align: left;">
Sincerely,</P>

<P STYLE="text-align: left"><IMG SRC="kapito_sig.jpg" ALT="">&nbsp;</P>
<P STYLE="text-align: left; margin-bottom: 0pt"><B>Rob Kapito</B></P>
<P style="text-align: left;">
President, BlackRock Advisors, LLC</P>

</DIV><DIV style="width: 38%; float: right;">



<IMG SRC="robkapito.jpg" BORDER="0">
<BR>
<P style="text-align: left;">
<I>&#147;We know that investors continue to face a world of uncertainty and volatile markets, but we also believe these challenging times present many opportunities.&#148;</I></P>
<P STYLE="text-align: left; margin-bottom: 0pt"><B>Rob Kapito</B></P>
<P STYLE="text-align: left">
President, BlackRock Advisors, LLC</P>
<P STYLE="text-align: left; border-top: rgb(57,76,165) 2pt solid; padding-top: 12pt"><B>Total Returns as of August 31, 2012</B></P>
<DIV align="left"><TABLE border=0 style="width:100%" cellspacing=0 cellpadding=0 style="font-family: 'Arial';font-size:
10pt;"> <TR valign="bottom"><TD bgcolor="#000000" align=left>
&nbsp;</TD><TD bgcolor="#000000" align=center width=26% colspan=2><FONT STYLE="font-size: 8pt; color: #ffffff">6-month</FONT></TD>
	<TD bgcolor="#000000" align=center width=25% colspan=2><FONT STYLE="font-size: 8pt; color: #ffffff">12-month</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left><FONT STYLE="font-size: 8pt">US large cap equities</FONT></TD><TD align=right width=19%><FONT STYLE="font-size: 8pt">4.14</FONT></TD>
	<TD align=left width=7%><FONT STYLE="font-size: 8pt">%</FONT></TD>
	<TD align=right width=18%><FONT STYLE="font-size: 8pt">18.00</FONT></TD>
	<TD align=left width=7%><FONT STYLE="font-size: 8pt">%</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left width=46% style="border-bottom:1px solid #000000;"><FONT STYLE="font-size: 8pt">(S&amp;P 500<SUP>&reg;</SUP> Index)</FONT></TD>
	<TD align=left width=19% style="border-bottom:1px solid #000000;"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD align=left width=7% style="border-bottom:1px solid #000000;"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD align=left width=18% style="border-bottom:1px solid #000000;"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD align=left width=7% style="border-bottom:1px solid #000000;"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left width=46% style="TEXT-INDENT:0.000305pt"><FONT STYLE="font-size: 8pt">US small cap equities</FONT></TD>
	<TD align=right width=19%><FONT STYLE="font-size: 8pt">0.89</FONT></TD>
	<TD align=left width=7%><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD align=right width=18%><FONT STYLE="font-size: 8pt">13.40</FONT></TD>
	<TD align=left width=7%><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left width=46% style="border-bottom:1px solid #000000;" style="TEXT-INDENT:0.000305pt"><FONT STYLE="font-size: 8pt">(Russell
 2000<SUP>&reg;</SUP> Index)</FONT></TD>
	<TD align=left width=19% style="border-bottom:1px solid #000000;"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD align=left width=7% style="border-bottom:1px solid #000000;"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD align=left width=18% style="border-bottom:1px solid #000000;"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD align=left width=7% style="border-bottom:1px solid #000000;"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left width=46% style="TEXT-INDENT:0.000244pt"><FONT STYLE="font-size: 8pt">International equities</FONT></TD>
	<TD align=right width=19%><FONT STYLE="font-size: 8pt">(4.00</FONT></TD>
	<TD align=left width=7%><FONT STYLE="font-size: 8pt">)</FONT></TD>
	<TD align=right width=18%><FONT STYLE="font-size: 8pt">(0.04</FONT></TD>
	<TD align=left width=7%><FONT STYLE="font-size: 8pt">)</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left width=46% style="TEXT-INDENT:0.000244pt"><FONT STYLE="font-size: 8pt">(MSCI Europe, Australasia,</FONT></TD>
	<TD align=left width=19%><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD align=left width=7%><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD align=left width=18%><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD align=left width=7%><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left width=46% style="border-bottom:1px solid #000000;" style="TEXT-INDENT:0.000244pt"><FONT STYLE="font-size: 8pt">Far
 East Index)</FONT></TD>
	<TD align=left width=19% style="border-bottom:1px solid #000000;"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD align=left width=7% style="border-bottom:1px solid #000000;"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD align=left width=18% style="border-bottom:1px solid #000000;"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD align=left width=7% style="border-bottom:1px solid #000000;"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left width=46% style="TEXT-INDENT:0.000244pt"><FONT STYLE="font-size: 8pt">Emerging market equities</FONT></TD>
	<TD align=right width=19%><FONT STYLE="font-size: 8pt">(10.51</FONT></TD>
	<TD align=left width=7%><FONT STYLE="font-size: 8pt">)</FONT></TD>
	<TD align=right width=18%><FONT STYLE="font-size: 8pt">(5.80</FONT></TD>
	<TD align=left width=7%><FONT STYLE="font-size: 8pt">)</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left width=46% style="TEXT-INDENT:0.000244pt"><FONT STYLE="font-size: 8pt">(MSCI Emerging Markets</FONT></TD>
	<TD align=left width=19%><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD align=left width=7%><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD align=left width=18%><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD align=left width=7%><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left width=46% style="border-bottom:1px solid #000000;" style="TEXT-INDENT:0.000244pt"><FONT STYLE="font-size: 8pt">Index)</FONT></TD>
	<TD align=left width=19% style="border-bottom:1px solid #000000;"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD align=left width=7% style="border-bottom:1px solid #000000;"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD align=left width=18% style="border-bottom:1px solid #000000;"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD align=left width=7% style="border-bottom:1px solid #000000;"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left width=46% style="TEXT-INDENT:0.000244pt"><FONT STYLE="font-size: 8pt">3-month Treasury bill (BofA</FONT></TD>
	<TD align=right width=19%><FONT STYLE="font-size: 8pt">0.06</FONT></TD>
	<TD align=left width=7%><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD align=right width=18%><FONT STYLE="font-size: 8pt">0.06</FONT></TD>
	<TD align=left width=7%><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left width=46% style="TEXT-INDENT:0.000244pt"><FONT STYLE="font-size: 8pt">Merrill Lynch 3-Month</FONT></TD>
	<TD align=left width=19%><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD align=left width=7%><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD align=left width=18%><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD align=left width=7%><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left width=46% style="border-bottom:1px solid #000000;" style="TEXT-INDENT:0.000244pt"><FONT STYLE="font-size: 8pt">US
 Treasury Bill Index)</FONT></TD>
	<TD align=left width=19% style="border-bottom:1px solid #000000;"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD align=left width=7% style="border-bottom:1px solid #000000;"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD align=left width=18% style="border-bottom:1px solid #000000;"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD align=left width=7% style="border-bottom:1px solid #000000;"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left width=46% style="TEXT-INDENT:0.000244pt"><FONT STYLE="font-size: 8pt">US Treasury securities</FONT></TD>
	<TD align=right width=19%><FONT STYLE="font-size: 8pt">5.25</FONT></TD>
	<TD align=left width=7%><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD align=right width=18%><FONT STYLE="font-size: 8pt">9.14</FONT></TD>
	<TD align=left width=7%><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD NOWRAP STYLE="text-align: left; width: 46%; text-indent: 0pt"><FONT STYLE="font-size: 8pt">(BofA Merrill Lynch 10- Year</FONT></TD>
	<TD align=left width=19%><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD align=left width=7%><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD align=left width=18%><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD align=left width=7%><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left width=46% style="border-bottom:1px solid #000000;" style="TEXT-INDENT:0.000244pt"><FONT STYLE="font-size: 8pt">US
 Treasury Index)</FONT></TD>
	<TD align=left width=19% style="border-bottom:1px solid #000000;"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD align=left width=7% style="border-bottom:1px solid #000000;"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD align=left width=18% style="border-bottom:1px solid #000000;"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD align=left width=7% style="border-bottom:1px solid #000000;"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left width=46% style="TEXT-INDENT:0.000244pt"><FONT STYLE="font-size: 8pt">US investment grade bonds</FONT></TD>
	<TD align=right width=19%><FONT STYLE="font-size: 8pt">2.97</FONT></TD>
	<TD align=left width=7%><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD align=right width=18%><FONT STYLE="font-size: 8pt">5.78</FONT></TD>
	<TD align=left width=7%><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left width=46% style="TEXT-INDENT:0.000244pt"><FONT STYLE="font-size: 8pt">(Barclays US Aggregate</FONT></TD>
	<TD align=left width=19%><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD align=left width=7%><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD align=left width=18%><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD align=left width=7%><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left width=46% style="border-bottom:1px solid #000000;" style="TEXT-INDENT:0.000244pt"><FONT STYLE="font-size: 8pt">Bond
 Index)</FONT></TD>
	<TD align=left width=19% style="border-bottom:1px solid #000000;"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD align=left width=7% style="border-bottom:1px solid #000000;"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD align=left width=18% style="border-bottom:1px solid #000000;"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD align=left width=7% style="border-bottom:1px solid #000000;"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left width=46% style="TEXT-INDENT:0.000244pt"><FONT STYLE="font-size: 8pt">Tax-exempt municipal</FONT></TD>
	<TD align=right width=19%><FONT STYLE="font-size: 8pt">3.24</FONT></TD>
	<TD align=left width=7%><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD align=right width=18%><FONT STYLE="font-size: 8pt">9.37</FONT></TD>
	<TD align=left width=7%><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left width=46% style="TEXT-INDENT:0.000244pt"><FONT STYLE="font-size: 8pt">bonds (S&amp;P Municipal</FONT></TD>
	<TD align=left width=19%><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD align=left width=7%><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD align=left width=18%><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD align=left width=7%><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left width=46% style="border-bottom:1px solid #000000;" style="TEXT-INDENT:0.000244pt"><FONT STYLE="font-size: 8pt">Bond
 Index )</FONT></TD>
	<TD align=left width=19% style="border-bottom:1px solid #000000;"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD align=left width=7% style="border-bottom:1px solid #000000;"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD align=left width=18% style="border-bottom:1px solid #000000;"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD align=left width=7% style="border-bottom:1px solid #000000;"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left width=46% style="TEXT-INDENT:0.000244pt"><FONT STYLE="font-size: 8pt">US high yield bonds</FONT></TD>
	<TD align=right width=19%><FONT STYLE="font-size: 8pt">4.80</FONT></TD>
	<TD align=left width=7%><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD align=right width=18%><FONT STYLE="font-size: 8pt">13.84</FONT></TD>
	<TD align=left width=7%><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left width=46% style="TEXT-INDENT:0.000244pt"><FONT STYLE="font-size: 8pt">(Barclays US Corporate</FONT></TD>
	<TD align=left width=19%><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD align=left width=7%><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD align=left width=18%><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD align=left width=7%><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left width=46% style="TEXT-INDENT:0.000244pt"><FONT STYLE="font-size: 8pt">High Yield 2% Issuer</FONT></TD>
	<TD align=left width=19%><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD align=left width=7%><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD align=left width=18%><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD align=left width=7%><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 0pt"><FONT STYLE="font-size: 8pt">Capped Index)</FONT></TD>
	<TD align=left width=19% style="border-bottom:1px solid #000000;"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD align=left width=7% style="border-bottom:1px solid #000000;"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD align=left width=18% style="border-bottom:1px solid #000000;"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD align=left width=7% style="border-bottom:1px solid #000000;"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P STYLE="text-align: left; border-bottom: Black 1pt solid; padding-bottom: 6pt"><FONT STYLE="font-size: 8pt">Past performance
is no guarantee of future results. Index performance is shown for illustrative purposes only. You cannot invest directly in an
index.</FONT></P>

</div><br style="clear:both">
<BR>
</div>

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<TD STYLE="text-align: left; width: 52%; border-top: rgb(57,75,165) 4pt solid"><FONT STYLE="color: #0000CC"><FONT STYLE="font-size: 14pt"><A NAME="a_002"></A>Fund
                                                      Summary</FONT> <FONT STYLE="font-size: 10pt">as of August 31, 2012</FONT></font></TD>
	<TD STYLE="width: 47%; text-align: right; vertical-align: bottom; border-top: rgb(57,75,165) 4pt solid; font-size: 8pt; color: #0000cc"><B>BlackRock Defined Opportunity Credit Trust</B></TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P STYLE="text-align: left; color: rgb(57,76,135); border-top: rgb(57,76,165) 2pt solid; border-bottom: rgb(57,76,165) 1pt solid; padding-top: 1pt; padding-bottom: 1pt; background-color: rgb(227,227,239); padding-left: 12pt">
<B><FONT color="#0000cc">Investment Objective</FONT></B></P>
<P style="text-align: left;"><B>BlackRock Defined Opportunity Credit Trust&#146;s (BHL) (the &#147;Fund&#148;)</B> primary investment
objective is to provide high current income, with a secondary objective of long-term capital appreciation. The Fund seeks to achieve
its investment objectives by investing substantially all of its assets in loan and debt instruments and loan-related and debt-related
instruments (collectively &#147;credit securities&#148;). The Fund invests, under normal market conditions, at least 80% of its
assets in any combination of the following credit securities: (i) senior secured floating rate and fixed rate loans; (ii) second
lien or other subordinated or unsecured floating rate and fixed rate loans or debt; (iii) credit securities that are rated below
investment grade quality; and (iv) investment grade corporate bonds. The Fund may invest directly in such securities or synthetically
through the use of derivatives.</P>
<P STYLE="text-align: left; margin-left: 20pt"><FONT STYLE="font-size: 8pt">No assurance can be given that the Fund&#146;s investment objectives
will be achieved.</FONT></P>
<P STYLE="text-align: left; color: rgb(57,76,135); border-top: rgb(57,76,165) 2pt solid; border-bottom: rgb(57,76,165) 1pt solid; padding-top: 1pt; padding-bottom: 1pt; background-color: rgb(227,227,239); padding-left: 12pt">
<B><FONT color="#0000cc">Portfolio Management Commentary</FONT></B></P>
<P style="text-align: left;"><B>How did the Fund perform?</B></P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 20pt; text-align: left">&#149;</TD><TD>For the 12 months ended August 31, 2012, the Fund returned
17.12% based on market price and 13.94% based on net asset value (&#147;NAV&#148;). For the same period, the closed-end Lipper
Loan Participation Funds category posted an average return of 22.06% based on market price and 14.37% based on NAV. All returns
reflect reinvestment of dividends. The Fund&#146;s discount to NAV, which narrowed during the period, accounts for the difference
between performance based on price and performance based on NAV. The following discussion relates to performance based on NAV.</TD>
</TR></TABLE>
<P style="text-align: left;"><B>What factors influenced performance?</B></P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 20pt; text-align: left">&#149;</TD><TD>Security selection among loan instruments across the credit
quality spectrum had a positive impact on performance, with particular strength from the Fund&#146;s higher-quality non-investment
grade loan holdings. From a sector perspective, security selection within the consumer services, electric and gaming segments
benefited results. The Fund&#146;s tactical allocation to high yield bonds also boosted returns as the asset class outperformed
loans and higher-duration fixed income instruments.</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 20pt; text-align: left">&#149;</TD><TD>Conversely, on a sector basis, security selection in non-cable
media, metals, and non-captive diversified financials detracted from performance during the period.</TD>
</TR></TABLE>
<P style="text-align: left;"><B>Describe recent portfolio activity.</B></P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 20pt; text-align: left">&#149;</TD><TD>During the period, the Fund maintained its focus on the higher
quality portions of the loan market in terms of loan structure, liquidity and overall credit quality. Given mixed economic data
along with global policy uncertainty and an overall weak outlook for global growth, the Fund remained cautious of lower-rated
less-liquid loans. Instead, the Fund sought issuers with attractive risk-reward characteristics and superior fundamentals. The
European Central Bank&#146;s long-term refinancing operations, introduced in December 2011, were supportive of risk markets in
first half of 2012. However, this development did not have a significant influence on the Fund&#146;s view on risk within the
loan market. More specifically, the Fund continued to adhere to a strict investment discipline with the goal of pursuing yield
while minimizing exposure to macroeconomic risks.</TD>
</TR></TABLE>
<P style="text-align: left;"><B>Describe portfolio positioning at period end.</B></P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 20pt; text-align: left">&#149;</TD><TD>At period end, the Fund held 90% of its total portfolio in
floating rate loan interests (bank loans), 7% in corporate bonds, with the remainder in asset-backed securities and common stocks.
The Fund&#146;s largest sector exposures included healthcare, technology and wireless. The Fund ended the period with economic
leverage at 30% of its total managed assets.</TD>
</TR></TABLE>
<P STYLE="text-align: left; margin-left: 20pt"><FONT STYLE="font-size: 8pt">The views expressed reflect the opinions of BlackRock as of the date
of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended
to be a forecast of future events and are no guarantee of future results.</FONT></P>
</DIV>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="border-top: rgb(57,75,165) 4pt solid; text-align: right; vertical-align: bottom; font-size: 8pt; color: #0000cc"><FONT STYLE="font-size: 8pt; color: #0000cc"><B>BlackRock
Defined Opportunity Credit Trust</B></FONT></P>
<DIV align="left">
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="text-align: left; color: rgb(57,76,135); border-top: rgb(57,76,165) 2pt solid; border-bottom: rgb(57,76,165) 1pt solid; padding-top: 1pt; padding-bottom: 1pt; background-color: rgb(227,227,239); padding-left: 12pt"><B>Fund
    Information</B></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Symbol on New York Stock Exchange (&ldquo;NYSE&rdquo;)</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">BHL</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Initial Offering Date</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">January 31, 2008</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 80%; text-align: left; text-indent: 0pt">Yield on Closing Market Price as of August 31, 2012 (&#36;13.94)<SUP>1</SUP></TD>
    <TD STYLE="width: 20%; text-align: center; vertical-align: bottom">5.90%</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Current Monthly Distribution per Common Share<SUP>2</SUP></TD>
    <TD STYLE="text-align: center; vertical-align: bottom">$0.0685</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Current Annualized Distribution per Common Share<SUP>2</SUP></TD>
    <TD STYLE="text-align: center; vertical-align: bottom">$0.8220</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid; text-indent: 0pt">Economic Leverage as of August 31, 2012<SUP>3</SUP></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom">30%</TD></TR>
</TABLE>

</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 16pt; text-align: right"><FONT STYLE="font-size: 8pt"><SUP>1</SUP></FONT></TD><TD STYLE="width: 4pt"></TD><TD><FONT STYLE="font-size: 8pt">Yield on closing market price is calculated by dividing
the current annualized distribution per share by the closing market price. Past performance does not guarantee future results.</FONT></TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 16pt; text-align: right"><FONT STYLE="font-size: 8pt"><SUP>2</SUP></FONT></TD><TD STYLE="width: 4pt"></TD><TD><FONT STYLE="font-size: 8pt">The distribution rate is not constant and is subject
to change.</FONT></TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 16pt; text-align: right"><FONT STYLE="font-size: 8pt"><SUP>3</SUP></FONT></TD><TD STYLE="width: 4pt"></TD><TD><FONT STYLE="font-size: 8pt">Represents loan outstanding as a percentage of total
managed assets, which is the total assets of the Fund (including any assets attributable to borrowings) minus the sum of liabilities
(other than borrowings representing financial leverage). For a discussion of leveraging techniques utilized by the Fund, please
see The Benefits and Risks of Leveraging on page 12.</FONT></TD>
</TR></TABLE>
<P style="text-align: left;">
The table below summarizes the changes in the Fund&#146;s market price and NAV per share:</P>
<DIV align="left">
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; text-align: left; vertical-align: bottom; border-top: Black 1pt solid">&nbsp;</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; vertical-align: bottom; border-top: Black 1pt solid">8/31/12</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; vertical-align: bottom; border-top: Black 1pt solid">8/31/11</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; vertical-align: bottom; border-top: Black 1pt solid">Change</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; vertical-align: bottom; border-top: Black 1pt solid">High</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; vertical-align: bottom; border-top: Black 1pt solid">Low</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 13%; text-align: left; vertical-align: bottom">Market Price</TD><TD STYLE="width: 1%; text-align: left; vertical-align: bottom">&nbsp;</TD><TD STYLE="width: 14%">&nbsp;</TD>
    <TD STYLE="width: 2%; text-align: left">$</TD><TD STYLE="width: 7%; text-align: right">13.94</TD><TD STYLE="width: 2%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 2%; text-align: left">$</TD><TD STYLE="width: 7%; text-align: right">12.65</TD><TD STYLE="width: 2%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 2%; text-align: left">&nbsp;</TD><TD STYLE="width: 7%; text-align: right">10.20</TD><TD STYLE="width: 5%; text-align: left">%</TD><TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="width: 2%; text-align: left">$</TD><TD STYLE="width: 8%; text-align: right">13.94</TD><TD STYLE="width: 2%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 2%; text-align: left">$</TD><TD STYLE="width: 8%; text-align: right">11.59</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left; vertical-align: bottom">Net Asset Value</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left; vertical-align: bottom">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">14.12</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">13.17</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">7.21</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">%</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">14.12</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">12.93</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD></TR>
</TABLE>

</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: left;">
The following charts show the portfolio composition of the Fund&#146;s long-term investments and credit quality allocations of the Fund&#146;s corporate bond investments:</P>
<DIV align="left">
<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial">
<TR valign="bottom">
<TD COLSPAN="5" STYLE="text-align: left; color: rgb(57,76,135); border-top: rgb(57,76,165) 2pt solid; border-bottom: rgb(57,76,165) 1pt solid; padding-top: 1pt; padding-bottom: 1pt; background-color: rgb(227,227,239); padding-left: 12pt"><B><FONT STYLE="color: #0000cc">Portfolio Composition</FONT></B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-bottom: #000000 1px solid; vertical-align: bottom"><B>8/31/12</B></TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-bottom: #000000 1px solid; vertical-align: bottom"><B>8/31/11</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; width: 75%">
Floating Rate Loan Interests</TD>
	<TD STYLE="text-align: right; width: 6%">
90</TD>
	<TD STYLE="text-align: left; width: 5%">
%</TD>
	<TD STYLE="text-align: right; width: 7%">
86</TD>
	<TD STYLE="text-align: left; width: 5%">
%</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Corporate Bonds</TD>
	<TD STYLE="text-align: right">
7</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right">
11</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Asset-Backed Securities</TD>
	<TD STYLE="text-align: right">
2</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right">
2</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Common Stocks</TD>
	<TD STYLE="text-align: right">
1</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right">
&#151;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
Other Interests</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid">
&#151;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid">
1</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<DIV align="left">
<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial">
<TR valign="bottom">
<TD COLSPAN="5" STYLE="text-align: left; color: rgb(57,76,135); border-top: rgb(57,76,165) 2pt solid; border-bottom: rgb(57,76,165) 1pt solid; padding-top: 1pt; padding-bottom: 1pt; background-color: rgb(227,227,239); padding-left: 12pt"><B><FONT STYLE="color: #0000cc">Credit Quality Allocations</FONT></B><B><SUP><FONT STYLE="color: #0000cc">4</FONT></SUP></B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-bottom: #000000 1px solid; vertical-align: bottom"><B>8/31/12</B></TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-bottom: #000000 1px solid; vertical-align: bottom"><B>8/31/11</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; width: 75%">
BBB/Baa</TD>
	<TD STYLE="text-align: right; width: 6%">
12</TD>
	<TD STYLE="text-align: left; width: 5%">
%</TD>
	<TD STYLE="text-align: right; width: 7%">
12</TD>
	<TD STYLE="text-align: left; width: 5%">
%</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
BB/Ba</TD>
	<TD STYLE="text-align: right">
40</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right">
33</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
B</TD>
	<TD STYLE="text-align: right">
46</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right">
55</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
CCC/Caa</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid">
2</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid">
&#151;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 16pt; text-align: right"><FONT STYLE="font-size: 8pt"><SUP>4</SUP></FONT></TD><TD STYLE="width: 4pt"></TD><TD><FONT STYLE="font-size: 8pt">Using the higher of Standard &amp; Poor&#146;s (&#147;S&amp;P&#146;s&#148;)
or Moody&#146;s Investors Service (&#147;Moody&#146;s&#148;) ratings.</FONT></TD>
</TR></TABLE>
</DIV>

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<TR valign="bottom">
<TD STYLE="text-align: left; width: 52%; border-top: rgb(57,75,165) 4pt solid"><FONT STYLE="color: #0000CC"><FONT STYLE="font-size: 14pt">Fund
                                                      Summary</FONT> <FONT STYLE="font-size: 10pt">as of August 31, 2012</FONT></font></TD>
<TD STYLE="border-top: rgb(57,75,165) 4pt solid; text-align: right; vertical-align: bottom; font-size: 8pt; color: #0000cc">
<B><FONT color="#0000cc">BlackRock Diversified Income Strategies Fund, Inc.</FONT></B></TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P STYLE="text-align: left; color: rgb(57,76,135); border-top: rgb(57,76,165) 2pt solid; border-bottom: rgb(57,76,165) 1pt solid; padding-top: 1pt; padding-bottom: 1pt; background-color: rgb(227,227,239); padding-left: 12pt">
<B><FONT color="#0000cc">Investment Objective</FONT></B></P>
<P style="text-align: left;"><B>BlackRock Diversified Income Strategies Fund, Inc.&#146;s (DVF) (the &#147;Fund&#148;)</B> investment
objective is to provide shareholders with high current income. The Fund seeks to achieve its investment objective by investing
primarily in floating rate debt securities and instruments, including floating rate loans, bonds, certain preferred securities
(including certain convertible preferred securities), notes or other debt securities or instruments which pay a floating or variable
rate of interest until maturity. The Fund considers floating rate debt securities to include fixed rate debt securities held by
the Fund where the Fund has entered into certain derivative transactions at either the portfolio level or with respect to an individual
security held by the Fund, including interest rate swap agreements, in an attempt to convert the fixed rate payments it receives
with respect to such securities into floating rate payments. The Fund may invest, under normal market conditions, a substantial
portion of its assets in below investment grade quality securities. The Fund may invest directly in such securities or synthetically
through the use of derivatives.</P>
<P STYLE="text-align: left; margin-left: 20pt"><FONT STYLE="font-size: 8pt">No assurance can be given that the Fund&#146;s investment objective
will be achieved.</FONT></P>
<P STYLE="text-align: left; color: rgb(57,76,135); border-top: rgb(57,76,165) 2pt solid; border-bottom: rgb(57,76,165) 1pt solid; padding-top: 1pt; padding-bottom: 1pt; background-color: rgb(227,227,239); padding-left: 12pt">
<B><FONT color="#0000cc">Portfolio Management Commentary</FONT></B></P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 20pt; text-align: left">&#149;</TD><TD>On May 23, 2012, the Board of Directors of DVF approved a
plan of reorganization whereby BlackRock Floating Rate Income Strategies Fund, Inc. (FRA) will acquire all of the assets and assume
all of the liabilities of DVF in exchange for newly issued shares of FRA in a merger transaction. At a shareholder meeting on
September 13, 2012, DVF and FRA shareholders approved the plan of reorganization. The reorganization took place on October 5,
2012.</TD>
</TR></TABLE>
<P STYLE="margin-top: 0; margin-bottom: 9pt; margin-left: 0; text-indent: 0"><B>How did the Fund perform?</B></P>
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<TD STYLE="width: 0"></TD><TD STYLE="width: 20pt; text-align: left">&#149;</TD><TD>For the 12 months ended August 31, 2012, the Fund returned
14.97% based on market price and 14.08% based on NAV. For the same period, the closed-end Lipper Loan Participation Funds category
posted an average return of 22.06% based on market price and 14.37% based on NAV. All returns reflect reinvestment of dividends.
The Fund&#146;s discount to NAV, which narrowed slightly during the period, accounts for the difference between performance based
on price and performance based on NAV. The following discussion relates to performance based on NAV.</TD>
</TR></TABLE>
<P STYLE="margin-top: 0; margin-bottom: 9pt; margin-left: 0; text-indent: 0"><B>What factors influenced performance?</B></P>
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<TD STYLE="width: 0"></TD><TD STYLE="width: 20pt; text-align: left">&#149;</TD><TD>Security selection among loan instruments across the credit
quality spectrum had a positive impact on performance, with particular strength from the Fund&#146;s higher-quality non-investment
grade loan holdings. From a sector perspective, security selection within the consumer services, electric and gaming segments
benefited results. The Fund&#146;s tactical allocation to high yield bonds also boosted returns as the asset class outperformed
loans and higher-duration fixed income instruments.</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 20pt; text-align: left">&#149;</TD><TD>Conversely, on a sector basis, security selection in non-cable
media and independent energy detracted from performance during the period.</TD>
</TR></TABLE>
<P STYLE="margin-top: 0; margin-bottom: 9pt; margin-left: 0; text-indent: 0"><B>Describe recent portfolio activity.</B></P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 20pt; text-align: left">&#149;</TD><TD>During the period, the Fund maintained its focus on the higher
quality portions of the loan market in terms of loan structure, liquidity and overall credit quality. Given mixed economic data
along with global policy uncertainty and an overall weak outlook for global growth, the Fund remained cautious of lower-rated
less-liquid loans. Instead, the Fund sought issuers with attractive risk-reward characteristics and superior fundamentals. The
European Central Bank&#146;s long-term refinancing operations, introduced in December 2011, were supportive of risk markets in
first half of 2012. However, this development did not have a significant influence on the Fund&#146;s view on risk within the
loan market. More specifically, the Fund continued to adhere to a strict investment discipline with the goal of pursuing yield
while minimizing exposure to macroeconomic risks.</TD>
</TR></TABLE>
<P STYLE="margin-top: 0; margin-bottom: 9pt; margin-left: 0; text-indent: 0"><B>Describe portfolio positioning at period end.</B></P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 20pt; text-align: left">&#149;</TD><TD>At period end, the Fund held 87% of its total portfolio in
floating rate loan interests (bank loans), 9% in corporate bonds, with the remainder in asset-backed securities, common stocks
and other interests. The Fund&#146;s largest sector exposures included healthcare, technology and wireless. The Fund ended the
period with economic leverage at 31% of its total managed assets.</TD>
</TR></TABLE>
<P STYLE="margin-top: 0; margin-bottom: 9pt; margin-left: 20pt; text-indent: 0pt"><FONT STYLE="font-size: 8pt">The views expressed
reflect the opinions of BlackRock as of the date of this report and are subject to change based on changes in market, economic
or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.</FONT></P>
</DIV>

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<P STYLE="border-top: rgb(57,75,165) 4pt solid; text-align: right; vertical-align: bottom; font-size: 8pt; color: #0000cc">
<B><FONT color="#0000cc">BlackRock Diversified Income Strategies Fund, Inc.</FONT></B></P>
<DIV align="left">
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="text-align: left; color: rgb(57,76,135); border-top: rgb(57,76,165) 2pt solid; border-bottom: rgb(57,76,165) 1pt solid; padding-top: 1pt; padding-bottom: 1pt; background-color: rgb(227,227,239); padding-left: 12pt"><B>Fund
    Information</B></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Symbol on NYSE</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">DVF</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Initial Offering Date</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">January 31, 2005</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 80%; text-align: left; text-indent: 0pt">Yield on Closing Market Price as of August 31, 2012 (&#36;10.54)<SUP>1</SUP></TD>
    <TD STYLE="width: 20%; text-align: center; vertical-align: bottom">6.66%</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Current Monthly Distribution per Common Share<SUP>2</SUP></TD>
    <TD STYLE="text-align: center; vertical-align: bottom">$0.0585</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Current Annualized Distribution per Common Share<SUP>2</SUP></TD>
    <TD STYLE="text-align: center; vertical-align: bottom">$0.7020</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid; text-indent: 0pt">Economic Leverage as of August 31, 2012<SUP>3</SUP></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom">31%</TD></TR>
</TABLE>

</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 16pt; text-align: right"><FONT STYLE="font-size: 8pt"><SUP>1</SUP></FONT></TD><TD STYLE="width: 4pt"></TD><TD><FONT STYLE="font-size: 8pt">Yield on closing market price is calculated by dividing
the current annualized distribution per share by the closing market price. Past performance does not guarantee future results.</FONT></TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 16pt; text-align: right"><FONT STYLE="font-size: 8pt"><SUP>2</SUP></FONT></TD><TD STYLE="width: 4pt"></TD><TD><FONT STYLE="font-size: 8pt">The distribution rate is not constant and is subject
to change.</FONT></TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 16pt; text-align: right"><FONT STYLE="font-size: 8pt"><SUP>3</SUP></FONT></TD><TD STYLE="width: 4pt"></TD><TD><FONT STYLE="font-size: 8pt">Represents loan outstanding as a percentage of total
managed assets, which is the total assets of the Fund (including any assets attributable to borrowings) minus the sum of liabilities
(other than borrowings representing financial leverage). For a discussion of leveraging techniques utilized by the Fund, please
see The Benefits and Risks of Leveraging on page 12.</FONT></TD>
</TR></TABLE>
<P style="text-align: left;">
The table below summarizes the changes in the Fund&#146;s market price and NAV per share:</P>
<DIV align="left">
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; text-align: left; vertical-align: bottom; border-top: Black 1pt solid">&nbsp;</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; border-top: Black 1pt solid">8/31/12</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; border-top: Black 1pt solid">8/31/11</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; border-top: Black 1pt solid">Change</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; border-top: Black 1pt solid">High</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; border-top: Black 1pt solid">Low</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 13%; text-align: left; vertical-align: bottom">Market Price</TD><TD STYLE="width: 1%; text-align: left; vertical-align: bottom">&nbsp;</TD><TD STYLE="width: 14%">&nbsp;</TD>
    <TD STYLE="width: 2%; text-align: left">$</TD><TD STYLE="width: 7%; text-align: right">10.54</TD><TD STYLE="width: 2%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 2%; text-align: left">$</TD><TD STYLE="width: 7%; text-align: right">9.84</TD><TD STYLE="width: 2%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 2%; text-align: left">&nbsp;</TD><TD STYLE="width: 7%; text-align: right">7.11</TD><TD STYLE="width: 5%; text-align: left">%</TD><TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="width: 2%; text-align: left">$</TD><TD STYLE="width: 8%; text-align: right">10.59</TD><TD STYLE="width: 2%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 2%; text-align: left">$</TD><TD STYLE="width: 8%; text-align: right">8.84</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left; vertical-align: bottom">Net Asset Value</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left; vertical-align: bottom">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">10.83</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">10.19</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">6.28</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">%</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">10.83</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">9.95</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD></TR>
</TABLE>

</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: left;">
The following charts show the portfolio composition of the Fund&#146;s long-term investments and credit quality allocations of the Fund&#146;s corporate bond investments:</P>
<DIV align="left">
<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial">
<TR valign="bottom">
<TD COLSPAN="5" STYLE="text-align: left; color: rgb(57,76,135); border-top: rgb(57,76,165) 2pt solid; border-bottom: rgb(57,76,165) 1pt solid; padding-top: 1pt; padding-bottom: 1pt; background-color: rgb(227,227,239); padding-left: 12pt"><B><FONT STYLE="color: #0000cc">Portfolio Composition</FONT></B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-bottom: #000000 1px solid; vertical-align: bottom"><B>8/31/12</B></TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-bottom: #000000 1px solid; vertical-align: bottom"><B>8/31/11</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; width: 75%">
Floating Rate Loan Interests</TD>
	<TD STYLE="text-align: right; width: 6%">
87</TD>
	<TD STYLE="text-align: left; width: 5%">
%</TD>
	<TD STYLE="text-align: right; width: 7%">
80</TD>
	<TD STYLE="text-align: left; width: 5%">
%</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Corporate Bonds</TD>
	<TD STYLE="text-align: right">
9</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right">
14</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Asset-Backed Securities</TD>
	<TD STYLE="text-align: right">
2</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right">
2</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Common Stocks</TD>
	<TD STYLE="text-align: right">
1</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right">
2</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
Other Interests</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid">
1</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid">
2</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<DIV align="left">
<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial">
<TR valign="bottom">
<TD COLSPAN="5" STYLE="text-align: left; color: rgb(57,76,135); border-top: rgb(57,76,165) 2pt solid; border-bottom: rgb(57,76,165) 1pt solid; padding-top: 1pt; padding-bottom: 1pt; background-color: rgb(227,227,239); padding-left: 12pt"><B><FONT STYLE="color: #0000cc">Credit Quality Allocations</FONT></B><B><SUP><FONT STYLE="color: #0000cc">4</FONT></SUP></B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-bottom: #000000 1px solid; vertical-align: bottom"><B>8/31/12</B></TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-bottom: #000000 1px solid; vertical-align: bottom"><B>8/31/11</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; width: 75%">
BBB/Baa</TD>
	<TD STYLE="text-align: right; width: 6%">
9</TD>
	<TD STYLE="text-align: left; width: 5%">
%</TD>
	<TD STYLE="text-align: right; width: 7%">
8</TD>
	<TD STYLE="text-align: left; width: 5%">
%</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
BB/Ba</TD>
	<TD STYLE="text-align: right">
38</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right">
30</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
B</TD>
	<TD STYLE="text-align: right">
41</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right">
47</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
CCC/Caa</TD>
	<TD STYLE="text-align: right">
11</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right">
8</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
Not Rated</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid">
1</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid">
7</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 16pt; text-align: right"><FONT STYLE="font-size: 8pt"><SUP>4</SUP></FONT></TD><TD STYLE="width: 4pt"></TD><TD><FONT STYLE="font-size: 8pt">Using the higher of S&amp;P&#146;s or Moody&#146;s ratings.</FONT></TD>
</TR></TABLE>
</DIV>

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<TR valign="bottom">
<TD STYLE="text-align: left; width: 52%; border-top: rgb(57,75,165) 4pt solid"><FONT STYLE="color: #0000CC"><FONT STYLE="font-size: 14pt">Fund
                                                      Summary</FONT> <FONT STYLE="font-size: 10pt">as of August 31, 2012</FONT></font></TD>
<TD STYLE="border-top: rgb(57,75,165) 4pt solid; text-align: right; vertical-align: bottom; font-size: 8pt; color: #0000cc">
<B><FONT color="#0000cc">BlackRock Floating Rate Income Strategies Fund, Inc.</FONT></B></TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P STYLE="text-align: left; color: rgb(57,76,135); border-top: rgb(57,76,165) 2pt solid; border-bottom: rgb(57,76,165) 1pt solid; padding-top: 1pt; padding-bottom: 1pt; background-color: rgb(227,227,239); padding-left: 12pt">
<B><FONT color="#0000cc">Investment Objective</FONT></B></P>
<P style="text-align: left;"><B>BlackRock Floating Rate Income Strategies Fund, Inc.&#146;s (FRA) (the &#147;Fund&#148;)</B> investment
objective is to provide shareholders with high current income and such preservation of capital as is consistent with investment
in a diversified, leveraged portfolio consisting primarily of floating rate debt securities and instruments. The Fund seeks to
achieve its investment objective by investing, under normal market conditions, at least 80% of its assets in floating rate debt
securities, including floating or variable rate debt securities that pay interest at rates that adjust whenever a specified interest
rate changes and/or which reset on predetermined dates (such as the last day of a month or calendar quarter). The Fund invests
a substantial portion of its investments in floating rate debt securities consisting of secured or unsecured senior floating rate
loans that are rated below investment grade. The Fund may invest directly in such securities or synthetically through the use
of derivatives.</P>
<P STYLE="text-align: left; margin-left: 20pt"><FONT STYLE="font-size: 8pt">No assurance can be given that the Fund&#146;s investment objective
will be achieved.</FONT></P>
<P STYLE="text-align: left; color: rgb(57,76,135); border-top: rgb(57,76,165) 2pt solid; border-bottom: rgb(57,76,165) 1pt solid; padding-top: 1pt; padding-bottom: 1pt; background-color: rgb(227,227,239); padding-left: 12pt">
<B><FONT color="#0000cc">Portfolio Management Commentary</FONT></B></P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 16pt; text-align: right">&#149;</TD><TD STYLE="width: 4pt"></TD><TD>On May 23, 2012, the Board of Directors of FRA approved separate plans of reorganization
whereby FRA will acquire all of the assets and assume all of the liabilities of DVF and Floating Rate Income Strategies Fund II,
Inc. (FRB and with DVF, each a &#147;Target Fund&#148;) in exchange for newly issued shares of FRA in a merger transaction. At
a shareholder meeting on September 13, 2012, each Target Fund&#146;s and FRA&#146;s shareholders approved their respective plan
of reorganization. The reorganizations took place on October 5, 2012.</TD>
</TR></TABLE>
<P STYLE="margin-top: 0; margin-bottom: 9pt; margin-left: 0; text-indent: 0"><B>How did the Fund perform?</B></P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 16pt; text-align: right">&#149;</TD><TD STYLE="width: 4pt"></TD><TD>For the 12 months ended August 31, 2012, the Fund returned 21.74% based on market
price and 13.91% based on NAV. For the same period, the closed-end Lipper Loan Participation Funds category posted an average
return of 22.06% based on market price and 14.37% based on NAV. All returns reflect reinvestment of dividends. The Fund moved
from a discount to NAV to a premium by period end, which accounts for the difference between performance based on price and performance
based on NAV. The following discussion relates to performance based on NAV.</TD>
</TR></TABLE>
<P STYLE="margin-top: 0; margin-bottom: 9pt; margin-left: 0; text-indent: 0"><B>What factors influenced performance?</B></P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 16pt; text-align: right">&#149;</TD><TD STYLE="width: 4pt"></TD><TD>Security selection among loan instruments in the middle and upper credit quality tiers
had a positive impact on performance, with particular strength from the Fund&#146;s higher-quality non-investment grade loan holdings.
From a sector perspective, security selection within the consumer services, electric and gaming segments benefited results. The
Fund&#146;s tactical allocation to high yield bonds also boosted returns as the asset class outperformed loans and higher-duration
fixed income instruments.</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 16pt; text-align: right">&#149;</TD><TD STYLE="width: 4pt"></TD><TD>Conversely, on a sector basis, security selection among lower quality loan instruments
detracted from performance during the period. On a sector basis, selection within non-cable media and paper had a negative impact
on returns.</TD>
</TR></TABLE>
<P STYLE="margin-top: 0; margin-bottom: 9pt; margin-left: 0; text-indent: 0"><B>Describe recent portfolio activity.</B></P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 16pt; text-align: right">&#149;</TD><TD STYLE="width: 4pt"></TD><TD>During the period, the Fund maintained its focus on the higher quality portions of
the loan market in terms of loan structure, liquidity and overall credit quality. Given mixed economic data along with global
policy uncertainty and an overall weak outlook for global growth, the Fund remained cautious of lower-rated less-liquid loans.
Instead, the Fund sought issuers with attractive risk-reward characteristics and superior fundamentals. The European Central Bank&#146;s
long-term refinancing operations, introduced in December 2011, were supportive of risk markets in first half of 2012. However,
this development did not have a significant influence on the Fund&#146;s view on risk within the loan market. More specifically,
the Fund continued to adhere to a strict investment discipline with the goal of pursuing yield while minimizing exposure to macroeconomic
risks.</TD>
</TR></TABLE>
<P STYLE="margin-top: 0; margin-bottom: 9pt; margin-left: 0; text-indent: 0"><B>Describe portfolio positioning at period end.</B></P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 16pt; text-align: right">&#149;</TD><TD STYLE="width: 4pt"></TD><TD>At period end, the Fund held 88% of its total portfolio in floating rate loan interests
(bank loans), 10% in corporate bonds, with the remainder in asset-backed securities. The Fund&#146;s largest sector exposures
included healthcare, technology and wireless. The Fund ended the period with economic leverage at 30% of its total managed assets.</TD>
</TR></TABLE>
<P STYLE="text-align: left; margin-left: 20pt"><FONT STYLE="font-size: 8pt">The views expressed reflect the opinions of BlackRock as of the date
of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended
to be a forecast of future events and are no guarantee of future results.</FONT></P>
</DIV>

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<P STYLE="border-top: rgb(57,75,165) 4pt solid; text-align: right; vertical-align: bottom; font-size: 8pt; color: #0000cc">
<B><FONT color="#0000cc">BlackRock Floating Rate Income Strategies Fund, Inc.</FONT></B></P>
<DIV align="left">
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="text-align: left; color: rgb(57,76,135); border-top: rgb(57,76,165) 2pt solid; border-bottom: rgb(57,76,165) 1pt solid; padding-top: 1pt; padding-bottom: 1pt; background-color: rgb(227,227,239); padding-left: 12pt"><B>Fund
    Information</B></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Symbol on NYSE</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">FRA</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Initial Offering Date</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">October 31, 2003</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 70%; text-align: left; text-indent: 0pt">Yield on Closing Market Price as of August 31, 2012 (&#36;15.20)<SUP>1</SUP></TD><TD STYLE="width: 10%">&nbsp;</TD>
    <TD STYLE="width: 20%; text-align: center; vertical-align: bottom">6.08%</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Current Monthly Distribution per Common Share<SUP>2</SUP></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">$0.077</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Current Annualized Distribution per Common Share<SUP>2</SUP></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">$0.924</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid; text-indent: 0pt">Economic Leverage as of August 31, 2012<SUP>3</SUP></TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom">30%</TD></TR>
</TABLE>

</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 16pt; text-align: right"><FONT STYLE="font-size: 8pt"><SUP>1</SUP></FONT></TD><TD STYLE="width: 4pt"></TD><TD><FONT STYLE="font-size: 8pt">Yield on closing market price is calculated by dividing
the current annualized distribution per share by the closing market price. Past performance does not guarantee future results.</FONT></TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 16pt; text-align: right"><FONT STYLE="font-size: 8pt"><SUP>2</SUP></FONT></TD><TD STYLE="width: 4pt"></TD><TD><FONT STYLE="font-size: 8pt">The distribution rate is not constant and is subject
to change.</FONT></TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 16pt; text-align: right"><FONT STYLE="font-size: 8pt"><SUP>3</SUP></FONT></TD><TD STYLE="width: 4pt"></TD><TD><FONT STYLE="font-size: 8pt">Represents loan outstanding as a percentage of total
managed assets, which is the total assets of the Fund (including any assets attributable to borrowings) minus the sum of liabilities
(other than borrowings representing financial leverage). For a discussion of leveraging techniques utilized by the Fund, please
see The Benefits and Risks of Leveraging on page 12.</FONT></TD>
</TR></TABLE>
<P style="text-align: left;">
The table below summarizes the changes in the Fund&#146;s market price and NAV per share:</P>
<DIV align="left">
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; text-align: left; vertical-align: bottom; border-top: Black 1pt solid">&nbsp;</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; vertical-align: bottom; border-top: Black 1pt solid">8/31/12</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; vertical-align: bottom; border-top: Black 1pt solid">8/31/11</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; vertical-align: bottom; border-top: Black 1pt solid">Change</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; vertical-align: bottom; border-top: Black 1pt solid">High</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; vertical-align: bottom; border-top: Black 1pt solid">Low</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 13%; text-align: left; vertical-align: bottom">Market Price</TD><TD STYLE="width: 1%; text-align: left; vertical-align: bottom">&nbsp;</TD><TD STYLE="width: 14%">&nbsp;</TD>
    <TD STYLE="width: 2%; text-align: left">$</TD><TD STYLE="width: 8%; text-align: right">15.20</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 2%; text-align: left">$</TD><TD STYLE="width: 7%; text-align: right">13.33</TD><TD STYLE="width: 2%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 2%; text-align: left">&nbsp;</TD><TD STYLE="width: 7%; text-align: right">14.03</TD><TD STYLE="width: 5%; text-align: left">%</TD><TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="width: 2%; text-align: left">$</TD><TD STYLE="width: 8%; text-align: right">15.31</TD><TD STYLE="width: 2%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 2%; text-align: left">$</TD><TD STYLE="width: 8%; text-align: right">12.33</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left; vertical-align: bottom">Net Asset Value</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left; vertical-align: bottom">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">14.98</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">14.04</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">6.70</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">%</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">14.98</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">13.74</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD></TR>
</TABLE>

</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: left;">
The following charts show the portfolio composition of the Fund&#146;s long-term investments and credit quality allocations of the Fund&#146;s corporate bond investments:</P>
<DIV align="left">
<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial">
<TR valign="bottom">
<TD COLSPAN="5" STYLE="text-align: left; color: rgb(57,76,135); border-top: rgb(57,76,165) 2pt solid; border-bottom: rgb(57,76,165) 1pt solid; padding-top: 1pt; padding-bottom: 1pt; background-color: rgb(227,227,239); padding-left: 12pt"><B><FONT STYLE="color: #0000cc">Portfolio Composition</FONT></B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-bottom: #000000 1px solid; vertical-align: bottom"><B>8/31/12</B></TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-bottom: #000000 1px solid; vertical-align: bottom"><B>8/31/11</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; width: 75%">
Floating Rate Loan Interests</TD>
	<TD STYLE="text-align: right; width: 6%">
88</TD>
	<TD STYLE="text-align: left; width: 5%">
%</TD>
	<TD STYLE="text-align: right; width: 7%">
81</TD>
	<TD STYLE="text-align: left; width: 5%">
%</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Corporate Bonds</TD>
	<TD STYLE="text-align: right">
10</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right">
15</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Asset-Backed Securities</TD>
	<TD STYLE="text-align: right">
2</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right">
3</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Common Stocks</TD>
	<TD STYLE="text-align: right">
&#151;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right">
&#151;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
Other Interests</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid">
&#151;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid">
1</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<DIV align="left">
<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial">
<TR valign="bottom">
<TD COLSPAN="5" STYLE="text-align: left; color: rgb(57,76,135); border-top: rgb(57,76,165) 2pt solid; border-bottom: rgb(57,76,165) 1pt solid; padding-top: 1pt; padding-bottom: 1pt; background-color: rgb(227,227,239); padding-left: 12pt"><B><FONT STYLE="color: #0000cc">Credit Quality Allocations</FONT></B><B><SUP><FONT STYLE="color: #0000cc">4</FONT></SUP></B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-bottom: #000000 1px solid; vertical-align: bottom"><B>8/31/12</B></TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-bottom: #000000 1px solid; vertical-align: bottom"><B>8/31/11</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; width: 75%">
BBB/Baa</TD>
	<TD STYLE="text-align: right; width: 6%">
8</TD>
	<TD STYLE="text-align: left; width: 5%">
%</TD>
	<TD STYLE="text-align: right; width: 7%">
9</TD>
	<TD STYLE="text-align: left; width: 5%">
%</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
BB/Ba</TD>
	<TD STYLE="text-align: right">
34</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right">
36</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
B</TD>
	<TD STYLE="text-align: right">
44</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right">
49</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
CCC/Caa</TD>
	<TD STYLE="text-align: right">
8</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right">
3</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
Not Rated</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid">
6</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid">
3</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 16pt; text-align: right"><FONT STYLE="font-size: 8pt"><SUP>4</SUP></FONT></TD><TD STYLE="width: 4pt"></TD><TD><FONT STYLE="font-size: 8pt">Using the higher of S&amp;P&#146;s or Moody&#146;s ratings.</FONT></TD>
</TR></TABLE>
</DIV>

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<TR valign="bottom">
<TD STYLE="text-align: left; width: 52%; border-top: rgb(57,75,165) 4pt solid"><FONT STYLE="color: #0000CC"><FONT STYLE="font-size: 14pt">Fund
                                                      Summary</FONT> <FONT STYLE="font-size: 10pt">as of August 31, 2012</FONT></font></TD>
<TD STYLE="border-top: rgb(57,75,165) 4pt solid; text-align: right; vertical-align: bottom; font-size: 8pt; color: #0000cc">
<B><FONT color="#0000cc">BlackRock Limited Duration Income Trust</FONT></B></TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P STYLE="text-align: left; color: rgb(57,76,135); border-top: rgb(57,76,165) 2pt solid; border-bottom: rgb(57,76,165) 1pt solid; padding-top: 1pt; padding-bottom: 1pt; background-color: rgb(227,227,239); padding-left: 12pt">
<B><FONT color="#0000cc">Investment Objective</FONT></B></P>
<P style="text-align: left;"><B>BlackRock Limited Duration Income Trust&#146;s (BLW) (the &#147;Fund&#148;)</B> investment objective
is to provide current income and capital appreciation. The Fund seeks to achieve its investment objective by investing primarily
in three distinct asset classes:</P>
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<TD STYLE="width: 16pt; text-align: right">&#149;</TD><TD STYLE="width: 4pt"></TD><TD>intermediate duration, investment grade corporate bonds, mortgage-related securities,
asset-backed securities and US Government and agency securities;</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 16pt; text-align: right">&#149;</TD><TD STYLE="width: 4pt"></TD><TD>senior, secured floating rate loans made to corporate and other business entities;
and</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 16pt; text-align: right">&#149;</TD><TD STYLE="width: 4pt"></TD><TD>US dollar-denominated securities of US and non-US issuers rated below investment grade
and, to a limited extent, non-US dollar denominated securities of non-US issuers rated below investment grade.</TD>
</TR></TABLE>
<P STYLE="margin-top: 0; margin-bottom: 9pt; margin-left: 0; text-indent: 0">The Fund&#146;s portfolio normally has an average
portfolio duration of less than five years (including the effect of anticipated leverage), although it may be longer from time
to time depending on market conditions. The Fund may invest directly in such securities or synthetically through the use of derivatives.</P>
<P STYLE="margin-top: 0; margin-bottom: 9pt; margin-left: 20pt; text-indent: 0"><FONT STYLE="font-size: 8pt">No assurance can be
given that the Fund&#146;s investment objective will be achieved.</FONT></P>
<P STYLE="text-align: left; color: rgb(57,76,135); border-top: rgb(57,76,165) 2pt solid; border-bottom: rgb(57,76,165) 1pt solid; padding-top: 1pt; padding-bottom: 1pt; background-color: rgb(227,227,239); padding-left: 12pt">
<B><FONT color="#0000cc">Portfolio Management Commentary</FONT></B></P>
<P STYLE="margin-top: 0; margin-bottom: 9pt; margin-left: 0; text-indent: 0"><B>How did the Fund perform?</B></P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 16pt; text-align: right">&#149;</TD><TD STYLE="width: 4pt"></TD><TD>For the 12 months ended August 31, 2012, the Fund returned 21.68% based on market
price and 13.86% based on NAV. For the same period, the closed-end Lipper High Yield Funds (Leveraged) category posted an average
return of 22.72% based on market price and 16.49% based on NAV. All returns reflect reinvestment of dividends. The Fund moved
from a discount to NAV to a premium by period end, which accounts for the difference between performance based on price and performance
based on NAV. The following discussion relates to performance based on NAV.</TD>
</TR></TABLE>
<P STYLE="margin-top: 0; margin-bottom: 9pt; margin-left: 0; text-indent: 0"><B>What factors influenced performance?</B></P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 16pt; text-align: right">&#149;</TD><TD STYLE="width: 4pt"></TD><TD>Security selection in the wireless, consumer services and electric sectors had a positive
impact on the Fund&#146;s performance. The Fund&#146;s tactical exposure to equity securities proved beneficial as demand for
riskier assets improved over the 12-month period.</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 16pt; text-align: right">&#149;</TD><TD STYLE="width: 4pt"></TD><TD>The Fund differs from its Lipper category competitors, which invest primarily in high
yield bonds, in that the Fund also invests in floating rate loan interests (bank loans), investment grade credits and securitized
assets. While the Fund&#146;s allocations to these other asset classes did not detract from performance on an absolute basis,
they underperformed high yield bonds for the period. Security selection in the non-cable media, independent energy and paper sectors
hindered returns for the period.</TD>
</TR></TABLE>
<P STYLE="margin-top: 0; margin-bottom: 9pt; margin-left: 0; text-indent: 0"><B>Describe recent portfolio activity.</B></P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 16pt; text-align: right">&#149;</TD><TD STYLE="width: 4pt"></TD><TD>The 12-month period began with severe market volatility in reaction to headwinds from
Europe&#146;s debt crisis and a possible US government shutdown. However, the environment shifted in December when the European
Central Bank announced its program of long-term refinancing operations. As financial market conditions improved, the Trust selectively
added back some risk in names with appealing risk-reward characteristics. Over the first eight months of 2012, the high yield
market surged, prompting the Trust to moderate its risk profile. The Trust&#146;s view on high yield remained positive throughout
this period; however, as average prices moved north of par for the market, the Trust became increasingly focused on higher-quality,
income-oriented credit names with stable fundamentals and an attractive coupon rate, since the potential for price appreciation
had largely diminished. Given global growth concerns posing a persistent threat and fueling uncertainty, the Trust continued to
favor issuers in mature industries that exhibit consistent cash flows and good earnings visibility and debt instruments that are
backed by profitable assets. The Trust generally remained cautious of cyclical credits that tend to be more vulnerable to slower
economic growth and/or macroeconomic weakness.</TD>
</TR></TABLE>
<P STYLE="margin-top: 0; margin-bottom: 9pt; margin-left: 0; text-indent: 0"><B>Describe portfolio positioning at period end.</B></P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 16pt; text-align: right">&#149;</TD><TD STYLE="width: 4pt"></TD><TD>At period end, the Fund held 46% of its total portfolio in corporate bonds, 34% in
floating rate loan interests (bank loans) and 8% in non-agency mortgage-backed securities, with the remainder in US Government
sponsored agency securities, asset-backed securities, common stocks and taxable municipal bonds. The Fund&#146;s largest sector
exposures included healthcare, non-captive diversified financials and wireless. The Fund ended the period with economic leverage
at 32% of its total managed assets.</TD>
</TR></TABLE>
<P STYLE="margin-top: 0; margin-bottom: 9pt; margin-left: 20pt; text-indent: 0pt"><FONT STYLE="font-size: 8pt">The views expressed
reflect the opinions of BlackRock as of the date of this report and are subject to change based on changes in market, economic
or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.</FONT></P>
</DIV>

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<B><FONT color="#0000cc">BlackRock Limited Duration Income Trust</FONT></B></P>
<DIV align="left">
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="text-align: left; color: rgb(57,76,135); border-top: rgb(57,76,165) 2pt solid; border-bottom: rgb(57,76,165) 1pt solid; padding-top: 1pt; padding-bottom: 1pt; background-color: rgb(227,227,239); padding-left: 12pt"><B>Fund
    Information</B></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Symbol on NYSE</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">BLW</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Initial Offering Date</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">July 30, 2003</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 70%; text-align: left; text-indent: 0pt">Yield on Closing Market Price as of August 31, 2012 (&#36;18.00)<SUP>1</SUP></TD><TD STYLE="width: 10%">&nbsp;</TD>
    <TD STYLE="width: 20%; text-align: center; vertical-align: bottom">7.17%</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Current Monthly Distribution per Common Share<SUP>2</SUP></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">$0.1075</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Current Annualized Distribution per Common Share<SUP>2</SUP></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">$1.2900</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid; text-indent: 0pt">Economic Leverage as of August 31, 2012<SUP>3</SUP></TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom">32%</TD></TR>
</TABLE>

</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 16pt; text-align: right"><FONT STYLE="font-size: 8pt"><SUP>1</SUP></FONT></TD><TD STYLE="width: 4pt"></TD><TD><FONT STYLE="font-size: 8pt">Yield on closing market price is calculated by dividing
the current annualized distribution per share by the closing market price. Past performance does not guarantee future results.</FONT></TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 16pt; text-align: right"><FONT STYLE="font-size: 8pt"><SUP>2</SUP></FONT></TD><TD STYLE="width: 4pt"></TD><TD><FONT STYLE="font-size: 8pt">The distribution rate is not constant and is subject
to change.</FONT></TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 16pt; text-align: right"><FONT STYLE="font-size: 8pt"><SUP>3</SUP></FONT></TD><TD STYLE="width: 4pt"></TD><TD><FONT STYLE="font-size: 8pt">Represents reverse repurchase agreements outstanding
as a percentage of total managed assets, which is the total assets of the Fund (including any assets attributable to borrowing)
minus the sum of liabilities (other than borrowings representing financial leverage). For a discussion of leveraging techniques
utilized by the Fund, please see The Benefits and Risks of Leveraging on page 12.</FONT></TD>
</TR></TABLE>
<P style="text-align: left;">
The table below summarizes the changes in the Fund&#146;s market price and NAV per share:</P>
<DIV align="left">
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; text-align: left; vertical-align: bottom; border-top: Black 1pt solid">&nbsp;</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; vertical-align: bottom; border-top: Black 1pt solid">8/31/12</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; vertical-align: bottom; border-top: Black 1pt solid">8/31/11</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; vertical-align: bottom; border-top: Black 1pt solid">Change</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; vertical-align: bottom; border-top: Black 1pt solid">High</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; vertical-align: bottom; border-top: Black 1pt solid">Low</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 13%; text-align: left; vertical-align: bottom">Market Price</TD><TD STYLE="width: 1%; text-align: left; vertical-align: bottom">&nbsp;</TD><TD STYLE="width: 14%">&nbsp;</TD>
    <TD STYLE="width: 2%; text-align: left">$</TD><TD STYLE="width: 7%; text-align: right">18.00</TD><TD STYLE="width: 2%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 2%; text-align: left">$</TD><TD STYLE="width: 7%; text-align: right">16.01</TD><TD STYLE="width: 2%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 2%; text-align: left">&nbsp;</TD><TD STYLE="width: 7%; text-align: right">12.43</TD><TD STYLE="width: 5%; text-align: left">%</TD><TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="width: 2%; text-align: left">$</TD><TD STYLE="width: 8%; text-align: right">18.24</TD><TD STYLE="width: 2%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 2%; text-align: left">$</TD><TD STYLE="width: 8%; text-align: right">15.00</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left; vertical-align: bottom">Net Asset Value</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left; vertical-align: bottom">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">17.38</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">16.52</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">5.21</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">%</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">17.38</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">15.92</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD></TR>
</TABLE>

</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: left;">
The following charts show the portfolio composition of the Fund&#146;s long-term investments and credit quality allocations of the Fund&#146;s corporate bond and US government securities investments:</P>
<DIV align="left">
<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial">
<TR valign="bottom">
<TD COLSPAN="5" STYLE="text-align: left; color: rgb(57,76,135); border-top: rgb(57,76,165) 2pt solid; border-bottom: rgb(57,76,165) 1pt solid; padding-top: 1pt; padding-bottom: 1pt; background-color: rgb(227,227,239); padding-left: 12pt"><B><FONT STYLE="color: #0000cc">Portfolio Composition</FONT></B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-bottom: #000000 1px solid; vertical-align: bottom"><B>8/31/12</B></TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-bottom: #000000 1px solid; vertical-align: bottom"><B>8/31/11</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; width: 75%">
Corporate Bonds</TD>
	<TD STYLE="text-align: right; width: 6%">
46</TD>
	<TD STYLE="text-align: left; width: 5%">
%</TD>
	<TD STYLE="text-align: right; width: 7%">
40</TD>
	<TD STYLE="text-align: left; width: 5%">
%</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Floating Rate Loan Interests</TD>
	<TD STYLE="text-align: right">
34</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right">
31</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Non-Agency Mortgage-Backed Securities</TD>
	<TD STYLE="text-align: right">
8</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right">
10</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
US Government Sponsored Agency Securities</TD>
	<TD STYLE="text-align: right">
6</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right">
11</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Asset-Backed Securities</TD>
	<TD STYLE="text-align: right">
4</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right">
5</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Common Stocks</TD>
	<TD STYLE="text-align: right">
1</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right">
1</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Taxable Municipal Bonds</TD>
	<TD STYLE="text-align: right">
1</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right">
1</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
Other Interests</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid">
&#151;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid">
1</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<DIV align="left">
<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial">
<TR valign="bottom">
<TD COLSPAN="5" STYLE="text-align: left; color: rgb(57,76,135); border-top: rgb(57,76,165) 2pt solid; border-bottom: rgb(57,76,165) 1pt solid; padding-top: 1pt; padding-bottom: 1pt; background-color: rgb(227,227,239); padding-left: 12pt"><B><FONT STYLE="color: #0000cc">Credit Quality Allocations</FONT></B><B><SUP><FONT STYLE="color: #0000cc">4</FONT></SUP></B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-bottom: #000000 1px solid; vertical-align: bottom"><B>8/31/12</B></TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-bottom: #000000 1px solid; vertical-align: bottom"><B>8/31/11</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt; width: 75%">
AAA/Aaa<SUP>5</SUP></TD>
	<TD STYLE="text-align: right; width: 6%">
12</TD>
	<TD STYLE="text-align: left; width: 5%">
%</TD>
	<TD STYLE="text-align: right; width: 7%">
17</TD>
	<TD STYLE="text-align: left; width: 5%">
%</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
AA/Aa</TD>
	<TD STYLE="text-align: right">
1</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right">
2</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
A</TD>
	<TD STYLE="text-align: right">
6</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right">
5</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
BBB/Baa</TD>
	<TD STYLE="text-align: right">
15</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right">
15</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
BB/Ba</TD>
	<TD STYLE="text-align: right">
26</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right">
26</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
B</TD>
	<TD STYLE="text-align: right">
30</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right">
27</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
CCC/Caa</TD>
	<TD STYLE="text-align: right">
8</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right">
7</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
D</TD>
	<TD STYLE="text-align: right">
&#151;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right">
1</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
Not Rated</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid">
2</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid">
&#151;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 16pt; text-align: right"><FONT STYLE="font-size: 8pt"><SUP>4</SUP></FONT></TD><TD STYLE="width: 4pt"></TD><TD><FONT STYLE="font-size: 8pt">Using the higher of S&amp;P&#146;s or Moody&#146;s ratings.</FONT></TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 16pt; text-align: right"><FONT STYLE="font-size: 8pt"><SUP>5</SUP></FONT></TD><TD STYLE="width: 4pt"></TD><TD><FONT STYLE="font-size: 8pt">Includes US Government Sponsored Agency securities and
US Treasury Obligations, which were deemed AAA/Aaa by the investment advisor.</FONT></TD>
</TR></TABLE>
</DIV>

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<A name="page_12"></A><BR>

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<P STYLE="text-align: left; font-size: 14pt; border-top: rgb(57,76,165) 4pt solid">
<FONT color="#0000cc"><A NAME="a_003"></A>The Benefits and Risks of Leveraging</FONT></P>
<P style="text-align: left;">
The Funds may utilize leverage to seek to enhance the yield and NAV of their common shares (&#147;Common Shares&#148;). However, these objectives cannot be achieved in all interest rate environments.</P>
<P style="text-align: left;">
The Funds may utilize leverage by borrowing through a credit facility or through entering into reverse repurchase agreements. In general, the concept of leveraging is based on the premise that the financing cost of assets to be obtained from leverage,
which will be based on short-term interest rates, will normally be lower than the income earned by each Fund on its longer-term portfolio investments. To the extent that the total assets of each Fund (including the assets obtained from leverage) are
invested in higher-yielding portfolio investments, each Fund&#146;s shareholders will benefit from the incremental net income.</P>
<P style="text-align: left;">
The interest earned on securities purchased with the proceeds from leverage is paid to shareholders in the form of dividends, and the value of these portfolio holdings is reflected in the per share NAV. However, in order to benefit shareholders, the
yield curve must be positively sloped; that is, short-term interest rates must be lower than long-term interest rates. If the yield curve becomes negatively sloped, meaning short-term interest rates exceed long-term interest rates, income to shareholders
will be lower than if the Funds had not used leverage.</P>
<P style="text-align: left;">
To illustrate these concepts, assume a Fund&#146;s capitalization is &#36;100 million and it borrows for an additional &#36;30 million, creating a total value of &#36;130 million available for investment in long-term securities. If prevailing short-term
interest rates are 3% and long-term interest rates are 6%, the yield curve has a strongly positive slope. In this case, the Fund pays borrowing costs and interest expense on the &#36;30 million of borrowings based on the lower short-term interest rates.
At the same time, the securities purchased by the Fund with assets received from the borrowings earn income based on long-term interest rates. In this case, the borrowing costs and interest expense of the borrowings is significantly lower than the income
earned on the Fund&#146;s long-term investments, and therefore the Fund&#146;s shareholders are the beneficiaries of the incremental net income.</P>
<P style="text-align: left;">
If short-term interest rates rise, narrowing the differential between short-term and long-term interest rates, the incremental net income pickup will be reduced or eliminated completely. Furthermore, if prevailing short-term interest rates rise above
long-term interest rates, the yield curve has a negative slope. In this case, the Fund pays higher short-term interest rates whereas the Fund&#146;s total portfolio earns income based on lower long-term interest rates.</P>
<P style="text-align: left;">Furthermore, the value of the Funds&#146; portfolio investments generally varies inversely with the
direction of long-term interest rates, although other factors can influence the value of portfolio investments. In contrast, the
redemption value of the Funds&#146; debt securities does not fluctuate in relation to interest rates. As a result, changes in
interest rates can influence the Funds&#146; NAVs positively or negatively in addition to the impact on Fund performance from
leverage from borrowings discussed above.</P>
<P style="text-align: left;">
The use of leverage may enhance opportunities for increased income to the Funds, but as described above, it also creates risks as short- or long-term interest rates fluctuate. Leverage also will generally cause greater changes in the Funds&#146; NAVs,
market prices and dividend rates than comparable portfolios without leverage. If the income derived from securities purchased with assets received from leverage exceeds the cost of leverage, the Funds&#146; net income will be greater than if leverage had
not been used. Conversely, if the income from the securities purchased is not sufficient to cover the cost of leverage, each Fund&#146;s net income will be less than if leverage had not been used, and therefore the amount available for distribution to
shareholders will be reduced. Each Fund may be required to sell portfolio securities at inopportune times or at distressed values in order to comply with regulatory requirements applicable to the use of leverage or as required by the terms of leverage
instruments, which may cause a Fund to incur losses. The use of leverage may limit each Fund&#146;s ability to invest in certain types of securities or use certain types of hedging strategies. Each Fund will incur expenses in connection with the use of
leverage, all of which are borne by shareholders and may reduce income.</P>
<P style="text-align: left;">Under the Investment Company Act of 1940, as amended (the &#147;1940 Act&#148;), the Funds are permitted
to issue senior securities representing indebtedness up to 33<FONT STYLE="font-size: 8pt"><SUP>1</SUP></FONT>/<FONT STYLE="font-size: 8pt"><SUB>3</SUB></FONT>%
of their total managed assets (each Fund&#146;s net assets plus the proceeds of any outstanding borrowings). If the Funds segregate
liquid assets having a value not less than the repurchase price (including accrued interest), a reverse repurchase agreement will
not be considered a senior security and therefore will not be subject to this limitation. In addition, each Fund voluntarily limits
its aggregate economic leverage to 50% of its managed assets. As of August 31, 2012, the Funds had aggregate economic leverage
from reverse repurchase agreements and/or borrowings through a credit facility as a percentage of their total managed assets as
follows:</P>
<DIV align="left">
<TABLE border=0 style="width:100%" cellspacing=0 cellpadding=0 style="font-family: 'Arial';font-size: 10pt;">
<TR valign="bottom">
	<TD STYLE="text-align: left; border-top: Black 1pt solid">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-top: Black 1pt solid">
<B>Percent of</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: center">
<B>Economic</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-bottom: #000000 1px solid">
<B>Leverage</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; width: 87%">
BHL</TD>
	<TD STYLE="text-align: right">30</TD>
	<TD STYLE="text-align: left">
%</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
DVF</TD>
	<TD STYLE="text-align: right">
31</TD>
	<TD STYLE="text-align: left">
%</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
FRA</TD>
	<TD STYLE="text-align: right">
30</TD>
	<TD STYLE="text-align: left">
%</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
BLW</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid">
32</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
%</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P STYLE="text-align: left; font-size: 14pt; border-top: rgb(57,76,165) 4pt solid">
<FONT color="#0000cc"><A NAME="a_004"></A>Derivative Financial Instruments</FONT></P>
<P style="text-align: left;">The Funds may invest in various derivative financial instruments, including financial futures contracts,
foreign currency exchange contracts, options and swaps, as specified in Note 2 of the Notes to Financial Statements, which may
constitute forms of economic leverage. Such derivative financial instruments are used to obtain exposure to a market without owning
or taking physical custody of securities or to hedge market, equity, credit, interest rate and/or foreign currency exchange rate
risks. Derivative financial instruments involve risks, including the imperfect correlation between the value of a derivative financial
instrument and the underlying asset, possible default of the counterparty to the transaction or illiquidity of the derivative
financial instrument. The Funds&#146; ability to use a derivative financial instrument successfully depends on the investment
advisor&#146;s ability to predict pertinent market movements accurately, which cannot be assured. The use of derivative financial
instruments may result in losses greater than if they had not been used, may require a Fund to sell or purchase portfolio investments
at inopportune times or for distressed values, may limit the amount of appreciation a Fund can realize on an investment, may result
in lower dividends paid to shareholders or may cause a Fund to hold an investment that it might otherwise sell. The Funds&#146;
investments in these instruments are discussed in detail in the Notes to Financial Statements.</P>
</DIV>

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<A name="page_13"></A><BR>

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<DIV align="left">
<TABLE border=0 style="width:100%" cellspacing=0 cellpadding=0 style="font-family: 'Arial';font-size: 10pt;">
<TR valign="bottom">
<TD STYLE="text-align: left; font-size: 14pt; border-top: rgb(57,76,165) 4pt solid"> <FONT STYLE="color: #0000cc"><A NAME="a_006"></A>Schedule
of Investments <FONT STYLE="font-size: 10pt">August 31, 2012</FONT></FONT></TD>
<TD STYLE="border-top: rgb(57,75,165) 4pt solid; text-align: right; vertical-align: bottom; font-size: 8pt; color: #0000cc">
<B><FONT color="#0000cc">BlackRock Defined Opportunity Credit Trust (BHL)</FONT></B></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
<TD STYLE="text-align: right; vertical-align: bottom; font-size: 8pt; color: #0000cc">
<B><FONT color="#0000cc">(Percentages shown are based on Net Assets)</FONT></B></TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<DIV align="left">
<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial">
<TR valign="bottom">
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: center; vertical-align: bottom; padding-right: 12pt">
<B>Par</B></TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
<B>Asset-Backed Securities</B></TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: center; vertical-align: bottom; padding-right: 12pt">
<B>(000)</B></TD>
	<TD COLSPAN="2" STYLE="border-bottom: #000000 1px solid; text-align: center; text-indent: 15.3pt; vertical-align: bottom">
<B>Value</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Fraser Sullivan CLO Ltd., Series 2012-7A, Class C,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt; width: 61%">
4.47%, 4/20/23 (a)(b)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom; width: 10%">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt; width: 13%">
215</TD>
	<TD STYLE="text-align: left; width: 4%">&#36; </TD>
 <TD STYLE="text-align: right; width: 10%">191,049</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Gannett Peak CLO Ltd., Series 2006-1X, Class A2,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
0.81%, 10/27/20 (b)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
265</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
223,263</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Goldentree Loan Opportunities VI Ltd., Series</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
2012-6A, Class D, 4.66%, 4/17/22 (a)(b)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
350</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
318,185</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Goldman Sachs Asset Management CLO Plc,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Series 2007-1A, Class B, 0.89%, 8/01/22 (a)(b)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
580</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
490,100</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Highbridge Loan Management Ltd., Series 2012-1A,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Class C, 5.71%, 9/20/22 (a)(b)(c)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
350</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
323,050</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
ING Investment Management, Series 2012-2A,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Class D, 4.99%, 10/15/22 (a)(b)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
350</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
312,063</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
LCM LP, Series 11A, Class D2,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.41%, 4/19/22 (a)(b)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
375</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
328,125</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
MAPS CLO Fund LLC, Series 2005-1A, Class C,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
1.42%, 12/21/17 (a)(b)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
260</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
246,662</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Race Point CLO, Series 2012-6A, Class D,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.93%, 5/24/23 (a)(b)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
250</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
225,925</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Symphony CLO Ltd., Class D (a)(b):</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Series 2012-10A, 5.69%, 7/23/23</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
350</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
323,750</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 11.97pt">
Series 2012-9A, 4.71%, 4/16/22</TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
500</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
445,600</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid">
<B>Total Asset-Backed Securities &#151; 2.7%</B></TD>
	<TD STYLE="border-bottom: #000000 2px solid; text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 2px solid">
3,427,772</TD>
</TR>
<TR>
	<TD COLSPAN="5">
&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD STYLE="border-top: rgb(57,76,165) 4pt solid; border-bottom: Black 1pt solid">
<B>Common Stocks (d)</B></TD>
<TD STYLE="border-top: rgb(57,76,165) 4pt solid; border-bottom: Black 1pt solid">
&nbsp;</TD>
<TD STYLE="border-top: rgb(57,76,165) 4pt solid; border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom">
<B>Shares</B></TD>
<TD COLSPAN="2" STYLE="border-top: rgb(57,76,165) 4pt solid; border-bottom: Black 1pt solid">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Auto Components &#151; 0.3%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
Delphi Automotive Plc</TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
13,881</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
420,455</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Hotels, Restaurants &amp; Leisure &#151; 0.2%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
BLB Worldwide Holdings, Inc.</TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
21,020</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
241,730</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Software &#151; 0.3%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
HMH Holdings/EduMedia</TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
13,505</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
330,866</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid">
<B>Total Common Stocks &#151; 0.8%</B></TD>
	<TD STYLE="border-bottom: #000000 2px solid; text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 2px solid">
993,051</TD>
</TR>
<TR>
	<TD COLSPAN="5">
&nbsp;</TD>
</TR>
<TR>
	<TD COLSPAN="5">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-top: rgb(57,76,165) 4pt solid">
&nbsp;</TD>
<TD STYLE="text-align: left; border-top: rgb(57,76,165) 4pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: center; padding-right: 12pt; border-top: rgb(57,76,165) 4pt solid">
<B>Par</B></TD>
	<TD COLSPAN="2" STYLE="text-align: left; border-top: rgb(57,76,165) 4pt solid">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
<B>Corporate Bonds</B></TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid; padding-right: 12pt; vertical-align: bottom">
<B>(000)</B></TD>
	<TD COLSPAN="2" STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Airlines &#151; 0.2%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
American Airlines Pass-Through Trust, Series</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
2011-2, Class A, 8.63%, 10/15/21</TD>
	<TD STYLE="text-align: left; text-indent: 0pt; vertical-align: bottom">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
125</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
132,704</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Delta Air Lines, Inc., Series 2009-1 Series B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
9.75%, 6/17/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
53</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
57,610</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
190,314</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Auto Components &#151; 0.9%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Icahn Enterprises LP:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
7.75%, 1/15/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
785</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
824,250</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
8.00%, 1/15/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
340</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
362,100</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,186,350</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Chemicals &#151; 0.2%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Hexion US Finance Corp., 6.63%, 4/15/20</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
130</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
131,300</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
INEOS Finance Plc, 8.38%, 2/15/19 (a)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
110</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
115,775</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
247,075</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Commercial Banks &#151; 0.1%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
CIT Group, Inc., 7.00%, 5/02/16 (a)</TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
144</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
144,731</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<DIV align="left">
<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial">
<TR valign="bottom">
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: center; vertical-align: bottom; padding-right: 12pt">
<B>Par</B></TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
<B>Corporate Bonds</B></TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom">
&nbsp;</TD>
<TD STYLE="border-bottom: #000000 1px solid; text-align: center; vertical-align: bottom; padding-right: 12pt">
<B>(000)</B></TD>
	<TD COLSPAN="2" STYLE="border-bottom: #000000 1px solid; text-align: center; text-indent: 15.72pt; vertical-align: bottom">
<B>Value</B></TD>
</TR>
<TR>
	<TD COLSPAN="5">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Commercial Services &amp; Supplies &#151; 0.3%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; width: 61%">
ARAMARK Corp., 3.94%, 2/01/15 (b)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom; width: 10%">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt; width: 13%">
65</TD>
	<TD STYLE="text-align: left; width: 4%">&#36; </TD>
 <TD STYLE="text-align: right; width: 10%">64,838</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
AWAS Aviation Capital Ltd., 7.00%, 10/17/16 (a)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
322</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
339,558</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
404,396</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Communications Equipment &#151; 0.5%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Zayo Group LLC/Zayo Capital, Inc.:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
8.13%, 1/01/20</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
380</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
403,750</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
10.13%, 7/01/20</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
250</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
268,125</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
671,875</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Consumer Finance &#151; 0.3%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
Inmarsat Finance Plc, 7.38%, 12/01/17 (a)</TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
325</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
353,437</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Diversified Financial Services &#151; 0.7%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Ally Financial, Inc., 2.62%, 12/01/14 (b)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
440</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
432,458</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
FCE Bank Plc, 7.13%, 1/15/13</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
EUR</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
50</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
64,148</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Reynolds Group Issuer, Inc.:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
7.13%, 4/15/19</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
120</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
129,300</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
6.88%, 2/15/21</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
185</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
200,263</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
826,169</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Diversified Telecommunication Services &#151; 0.1%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
ITC Deltacom, Inc., 10.50%, 4/01/16</TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
140</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
150,850</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Energy Equipment &amp; Services &#151; 0.1%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
FTS International Services LLC / FTS International</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 5.98pt">
Bonds Inc., 8.13%, 11/15/18 (a)</TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
155</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
160,038</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Health Care Providers &amp; Services &#151; 0.8%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
CHS/Community Health Systems, Inc.,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.13%, 8/15/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
358</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
369,187</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
HCA, Inc., 6.50%, 2/15/20</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
400</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
439,500</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Tenet Healthcare Corp., 6.25%, 11/01/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
185</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
200,841</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,009,528</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Health Care Technology &#151; 0.8%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
IMS Health, Inc., 12.50%, 3/01/18 (a)</TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
850</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
998,750</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Household Durables &#151; 0.1%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
Beazer Homes USA, Inc., 6.63%, 4/15/18 (a)</TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
180</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
184,050</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Independent Power Producers &amp; Energy Traders &#151; 1.7%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Calpine Corp., 7.25%, 10/15/17 (a)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
245</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
262,150</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Energy Future Holdings Corp., 10.00%, 1/15/20</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
285</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
314,213</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Energy Future Intermediate Holding Co. LLC,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
10.00%, 12/01/20</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,405</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,577,112</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
2,153,475</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">IT Services &#151; 0.2%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
First Data Corp., 6.75%, 11/01/20 (a)</TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
245</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
243,163</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Machinery &#151; 0.1%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
UR Financing Escrow Corp., 5.75%, 7/15/18 (a)</TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
80</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
84,600</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Media &#151; 1.4%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
AMC Networks, Inc., 7.75%, 7/15/21</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
105</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
118,913</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Clear Channel Worldwide Holdings, Inc.:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Series A, 9.25%, 12/15/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
185</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
200,262</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Series B, 9.25%, 12/15/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
850</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
923,312</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Unitymedia Hessen GmbH &amp; Co. KG,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
8.13%, 12/01/17 (a)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
500</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
541,250</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,783,737</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<DIV align="left">
<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial">
<TR valign="bottom">
<TD COLSPAN="5" STYLE="text-align: left; color: rgb(57,76,135); border-top: rgb(57,76,165) 2pt solid; border-bottom: rgb(57,76,165) 1pt solid; padding-top: 1pt; padding-bottom: 1pt; background-color: rgb(227,227,239); padding-left: 12pt"><B><FONT STYLE="color: #0000cc">Portfolio Abbreviations</FONT></B></TD>
</TR>
<TR>
	<TD colspan=5>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; width: 34%"><FONT STYLE="font-size: 7pt">To simplify the listings of portfolio holdings in the</FONT></TD>
	<TD STYLE="text-align: left; width: 8%"><FONT STYLE="font-size: 7pt"><B>CAD</B></FONT></TD>
	<TD STYLE="text-align: left; width: 25%"><FONT STYLE="font-size: 7pt">Canadian Dollar</FONT></TD>
	<TD STYLE="text-align: left; width: 11%"><FONT STYLE="font-size: 7pt"><B>GBP</B></FONT></TD>
	<TD STYLE="text-align: left; width: 20%"><FONT STYLE="font-size: 7pt">British Pound</FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">Schedule of Investments, the names and descriptions</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"><B>DIP</B></FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">Debtor-In-Possession</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"><B>GO</B></FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">General Obligation Bonds</FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">of many of the securities have been abbreviated</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"><B>EBITDA</B></FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">Earnings Before Interest, Taxes,</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"><B>LIBOR</B></FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">London Interbank Offered Rate</FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">according to the following list:</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">Depreciation and Amortization</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"><B>USD</B></FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">US Dollar</FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"><B>EUR</B></FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">Euro</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt"><B>FKA</B></FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">Formerly Known As</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: left;">
See Notes to Financial Statements.</P>
</DIV>

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<DIV align="left">
<TABLE border=0 style="width:100%" cellspacing=0 cellpadding=0 style="font-family: 'Arial';font-size: 10pt;">
<TR valign="bottom">
<TD STYLE="text-align: left; font-size: 14pt; border-top: rgb(57,76,165) 4pt solid">
<FONT color="#0000cc">Schedule of Investments (continued)</FONT></TD>
<TD STYLE="border-top: rgb(57,75,165) 4pt solid; text-align: right; vertical-align: bottom; font-size: 8pt; color: #0000cc">
<B><FONT color="#0000cc">BlackRock Defined Opportunity Credit Trust (BHL)</FONT></B></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
<TD STYLE="text-align: right; vertical-align: bottom; font-size: 8pt; color: #0000cc">
<B><FONT color="#0000cc">(Percentages shown are based on Net Assets)</FONT></B></TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<DIV align="left">
<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial">
<TR valign="bottom">
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: center; text-indent: 3.74pt; padding-right: 12pt; vertical-align: bottom">
<B>Par</B></TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
<B>Corporate Bonds</B></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid; padding-right: 12pt; vertical-align: bottom">
<B>(000)</B></TD>
	<TD COLSPAN="2" STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 12.18pt">
<B>Value</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Oil, Gas &amp; Consumable Fuels &#151; 0.2%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; width: 61%">
Coffeyville Resources LLC, 9.00%, 4/01/15 (a)</TD>
	<TD STYLE="text-align: left; width: 10%">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt; width: 13%">
126</TD>
	<TD STYLE="text-align: left; width: 4%">&#36; </TD>
 <TD STYLE="text-align: right; width: 10%">134,190</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
EP Energy LLC/EP Energy Finance, Inc.,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
6.88%, 5/01/19 (a)</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
145</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
155,512</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
289,702</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Paper &amp; Forest Products &#151; 0.1%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Longview Fibre Paper &amp; Packaging, Inc.,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 5.98pt">
8.00%, 6/01/16 (a)</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
155</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
160,425</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Pharmaceuticals &#151; 0.2%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Valeant Pharmaceuticals International,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 5.98pt">
6.50%, 7/15/16 (a)</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
185</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
195,175</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Real Estate Management &amp; Development &#151; 0.1%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
Realogy Corp., 7.63%, 1/15/20 (a)</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
165</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
179,850</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Wireless Telecommunication Services &#151; 1.7%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Cricket Communications, Inc., 7.75%, 5/15/16</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,125</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,186,875</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Sprint Nextel Corp. (a):</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
9.00%, 11/15/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
290</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
342,200</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
7.00%, 3/01/20</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
550</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
602,250</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
2,131,325</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid">
<B>Total Corporate Bonds &#151; 10.8%</B></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 2px solid">
13,749,015</TD>
</TR>
<TR>
	<TD COLSPAN="5">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: Black 1px solid; border-top: rgb(57,76,165) 4pt solid">
<B>Floating Rate Loan Interests (b)</B></TD>
	<TD STYLE="text-align: left; border-bottom: Black 1px solid; border-top: rgb(57,76,165) 4pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: Black 1px solid; padding-right: 12pt; border-top: rgb(57,76,165) 4pt solid">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left; border-bottom: Black 1px solid; border-top: rgb(57,76,165) 4pt solid">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Aerospace &amp; Defense &#151; 1.6%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
DynCorp International, Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
6.25%, 7/07/16</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
302</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
301,703</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
SI Organization, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.50%, 11/22/16</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
416</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
404,947</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Spirit Aerosystems, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
3.75%, 4/18/19</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
369</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
369,691</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
TransDigm, Inc.:</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Add on Term Loan B2, 4.00%, 2/14/17</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
179</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
180,071</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan B, 4.00%, 2/14/17</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
533</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
534,513</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Wesco Aircraft Hardware Corp., Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.25%, 4/07/17</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
294</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
293,433</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
2,084,358</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Airlines &#151; 0.8%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Delta Air Lines, Inc., Credit, Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.50%, 4/20/17</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,002</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,009,413</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
US Airways Group, Inc., Term Loan,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
2.74%, 3/21/14</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
55</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
53,144</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,062,557</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Auto Components &#151; 2.8%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Autoparts Holdings Ltd., First Lien Term Loan,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
6.50%, 7/28/17</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
645</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
632,222</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Federal-Mogul Corp.:</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan B, 2.17%&#151;2.18%, 12/29/14</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
869</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
829,503</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan C, 2.17%&#151;2.18%, 12/28/15</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
296</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
282,464</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
The Goodyear Tire &amp; Rubber Co., Term Loan</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
(Second Lien), 4.75%, 4/30/19</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,150</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,145,687</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Schaeffler AG, Term Loan C2,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
6.00%, 1/27/17</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
380</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
381,110</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
UCI International, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.50%, 7/26/17</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
345</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
345,612</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
3,616,598</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Biotechnology &#151; 0.5%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
Grifols, Inc., Term Loan B, 4.50%, 6/01/17</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
638</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
639,354</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Building Products &#151; 3.4%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Armstrong World Industries, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.00%, 3/09/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
764</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
761,307</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
CPG International, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
6.00%, 2/18/17</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
788</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
775,195</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<DIV align="left">
<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial">
<TR valign="bottom">
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: center; padding-right: 12pt; vertical-align: bottom">
<B>Par</B></TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
<B>Floating Rate Loan Interests (b)</B></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid; padding-right: 12pt; vertical-align: bottom">
<B>(000)</B></TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-bottom: #000000 1px solid; text-indent: 15.73pt; vertical-align: bottom">
<B>Value</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Building Products (concluded)</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Goodman Global, Inc., Initial Term Loan (First Lien),</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt; width: 61%">
5.75%, 10/28/16</TD>
	<TD STYLE="text-align: left; width: 10%; vertical-align: bottom">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt; width: 13%">
2,094</TD>
	<TD STYLE="text-align: left; width: 4%">&#36; </TD>
 <TD STYLE="text-align: right; width: 10%">2,096,218</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Momentive Performance Materials, Inc. (Nautilus),</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Extended Term Loan, 3.62%, 5/05/15</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
EUR</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
560</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
644,937</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
4,277,657</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Capital Markets &#151; 2.0%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
American Capital Holdings, Term Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.50%, 7/19/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
513</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
514,924</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
HarbourVest Partners LLC, Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
6.25%, 12/16/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
754</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
753,082</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Nuveen Investments, Inc.:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Extended (First Lien), Term Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD STYLE="text-align: left; text-indent: 18.97pt">5.95%&#150;5.96%, 5/13/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
391</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
391,256</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Extended Term Loan, 5.92%&#150;5.95%, 5/12/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
782</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
784,338</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Incremental Term Loan, 7.25%, 5/13/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
160</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
160,720</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
2,604,320</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Chemicals &#151; 6.0%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
American Rock Salt Holdings LLC, Term Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.50%, 4/25/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
607</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
589,749</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Ashland, Inc., Term Loan B, 3.75%, 8/23/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
278</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
279,085</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Chemtura Corp., Exit Term Loan B, 5.50%, 8/27/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
750</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
752,190</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Evergreen Acqco 1 LP, Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
6.25%, 7/09/19</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
355</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
358,330</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Gentek, Inc., Term Loan, 5.00%&#150;5.75%, 10/06/15</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
384</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
381,623</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
INEOS US Finance LLC:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
3 Year Term Loan, 5.50%, 5/04/15</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
90</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
90,448</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
6 Year Term Loan, 6.50%, 5/04/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,883</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,886,112</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Nexeo Solutions LLC, Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.00%, 9/08/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
568</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
552,555</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
PolyOne Corp., Term Loan, 5.00%, 12/20/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
184</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
184,627</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
PQ Corp.(FKA Niagara Acquisition, Inc.),</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Term Loan B, 3.98%, 7/30/14</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,071</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,051,505</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Styron Sarl LLC, Term Loan B, 8.00%, 8/02/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
251</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
233,755</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Tronox, Inc.:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Delayed Draw Term Loan, 4.25%, 2/08/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
159</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
158,189</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan B, 4.25%, 2/08/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
581</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
580,027</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Univar, Inc., Term Loan B, 5.00%, 6/30/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
600</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
595,791</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
7,693,986</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Commercial Services &amp; Supplies &#151; 5.7%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
ACCO Brands Corp., Term Loan B, 4.25%, 4/30/19</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
856</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
854,990</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Altegrity, Inc.(FKA US Investigations Services, Inc.),</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Tranche D Term Loan, 7.75%, 2/20/15</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
629</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
625,877</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
ARAMARK Corp.:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Extended Term Loan B, 3.48%, 7/26/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
211</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
210,008</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Extended Term Loan C,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD STYLE="text-align: left; text-indent: 18.97pt">
3.48%&#150;3.71%, 7/26/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
116</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
115,948</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Letter of Credit, 3.50%, 7/26/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
14</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
13,811</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Letter of Credit Facility, 3.50%, 7/26/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
9</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
9,341</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
AWAS Finance Luxembourg 2012 SA, Term Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.75%, 7/16/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
315</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
315,000</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
AWAS Finance Luxembourg Sarl, Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.25%, 6/10/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
353</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
353,155</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Delos Aircraft, Inc., Term Loan B2, 4.75%, 4/12/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
825</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
833,250</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
KAR Auction Services, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.00%, 5/19/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,187</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,186,365</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Protection One, Inc., Term Loan, 5.75%, 3/21/19</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
564</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
569,223</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Synagro Technologies, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
2.24%, 4/02/14</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
861</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
763,746</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Volume Services America, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
10.50%&#150;10.75%, 9/16/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
491</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
491,250</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
West Corp., Term Loan B6, 5.75%, 6/29/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
900</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
902,817</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
7,244,781</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: left;">
See Notes to Financial Statements.</P>
</DIV>

<!-- Field: Page; Sequence: 14; Value: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; padding-top: 6pt; padding-bottom: 12pt; border-top: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 9pt Arial, Helvetica, Sans-Serif"><TR><TD STYLE="text-align: left; width: 33%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->14<!-- Field: /Sequence --></TD><TD STYLE="text-align: center; width: 34%">ANNUAL REPORT</TD><TD STYLE="text-align: right; width: 33%">AUGUST 31, 2012</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<A name="page_15"></A><BR>

<a name="_bclPageBorder15"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<DIV align="left">
<TABLE border=0 style="width:100%" cellspacing=0 cellpadding=0 style="font-family: 'Arial';font-size: 10pt;">
<TR valign="bottom">
<TD STYLE="text-align: left; font-size: 14pt; border-top: rgb(57,76,165) 4pt solid">
<FONT color="#0000cc">Schedule of Investments (continued)</FONT></TD>
<TD STYLE="border-top: rgb(57,75,165) 4pt solid; text-align: right; vertical-align: bottom; font-size: 8pt; color: #0000cc">
<B><FONT color="#0000cc">BlackRock Defined Opportunity Credit Trust (BHL)</FONT></B></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
<TD STYLE="text-align: right; vertical-align: bottom; font-size: 8pt; color: #0000cc">
<B><FONT color="#0000cc">(Percentages shown are based on Net Assets)</FONT></B></TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<DIV align="left">
<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial">
<TR valign="bottom">
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: center; padding-right: 12pt; vertical-align: bottom">
<B>Par</B></TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
<B>Floating Rate Loan Interests (b)</B></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid; padding-right: 12pt; vertical-align: bottom">
<B>(000)</B></TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-bottom: #000000 1px solid; text-indent: 15.72pt; vertical-align: bottom">
<B>Value</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Communications Equipment &#151; 3.0%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Avaya, Inc.:</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt; width: 61%">
Extended Term Loan B3, 4.93%, 10/26/17</TD>
	<TD STYLE="text-align: left; width: 10%">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt; width: 13%">
128</TD>
	<TD STYLE="text-align: left; width: 4%">&#36; </TD>
 <TD STYLE="text-align: right; width: 10%">114,492</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan B1, 3.18%, 10/24/14</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
790</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
758,261</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
CommScope, Inc., Term Loan, 4.25%, 1/12/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
814</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
813,775</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Zayo Group, LLC, Term Loan B, 7.13%, 7/02/19</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,085</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
2,115,629</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
3,802,157</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Construction &amp; Engineering &#151; 0.9%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
BakerCorp. International, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.75%, 6/01/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
361</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
359,876</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Safway Services LLC, First Out Term Loan,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
9.00%, 12/16/17</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
750</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
750,000</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,109,876</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Construction Materials &#151; 2.0%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
HD Supply, Inc., Senior Debt B, 7.25%, 10/12/17</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
2,500</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
2,554,175</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Consumer Finance &#151; 0.8%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Springleaf Financial Funding Co., Term Loan,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 5.98pt">
5.50%, 5/10/17</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
1,060</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,023,695</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Containers &amp; Packaging &#151; 0.7%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Berry Plastics Holding Corp., Term Loan C,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
2.23%, 4/03/15</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
248</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
245,707</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Sealed Air Corp., Term Loan B, 4.75%, 10/03/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
610</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
613,708</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
859,415</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Diversified Consumer Services &#151; 3.3%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Coinmach Service Corp.:</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Delayed Draw Term Loan,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD STYLE="text-align: left; text-indent: 18.97pt">
3.24%&#150;3.33%, 11/20/14</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
242</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
232,031</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan B, 3.33%, 11/20/14</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
891</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
854,720</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Education Management LLC, Term Loan C3,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
8.25%, 3/29/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
309</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
272,061</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Laureate Education, Inc., Extended Term Loan,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.25%, 6/18/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,021</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
995,728</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
ServiceMaster Co.:</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Delayed Draw Term Loan, 2.74%, 7/24/14</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
113</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
112,218</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan, 2.75%&#150;2.97%, 7/24/14</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,134</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,126,895</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Weight Watchers International, Inc., Term Loan F,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.00%, 3/15/19</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
603</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
595,818</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
4,189,471</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Diversified Financial Services &#151; 2.4%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Residential Capital LLC:</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
DIP Term Loan A1, 5.00%, 11/18/13</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
580</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
581,450</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
DIP Term Loan A2, 6.75%, 11/18/13</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
85</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
85,992</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Reynolds Group Holdings, Inc.:</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan B, 6.50%, 2/09/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,211</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,218,224</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan C, 6.50%, 8/09/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,113</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,127,380</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
3,013,046</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Diversified Telecommunication Services &#151; 5.2%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Hawaiian Telcom Communications, Inc., Term Loan</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
B, 7.00%, 2/28/17</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
530</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
536,625</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Integra Telecom Holdings, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
9.25%, 4/15/15</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
809</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
796,372</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Level 3 Financing, Inc.:</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
2016 Term Loan B, 4.75%, 2/01/16</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
795</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
796,590</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
2019 Term Loan B, 5.25%, 8/01/19</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
650</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
650,949</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan B2, 5.75%, 9/03/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,800</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,804,752</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan B3, 5.75%, 8/31/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
550</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
551,452</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Telesat LLC, Term Loan B, 4.25%, 3/28/19</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
745</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
743,257</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
US Telepacific Corp., Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.75%, 2/23/17</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
742</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
708,450</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
6,588,447</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<DIV align="left">
<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial">
<TR valign="bottom">
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: center; padding-right: 12pt; vertical-align: bottom">
<B>Par</B></TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
<B>Floating Rate Loan Interests (b)</B></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid; padding-right: 12pt; vertical-align: bottom">
<B>(000)</B></TD>
	<TD COLSPAN="2" STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 15.72pt">
<B>Value</B></TD>
</TR>
<TR valign="bottom">
	<TD COLSPAN="2" STYLE="text-align: left">
<B><FONT color="#0000cc">Electronic Equipment, Instruments &amp; Components &#151; 0.9%</FONT></B></TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; width: 61%">
CDW LLC, Extended Term Loan, 4.00%, 7/14/17</TD>
	<TD STYLE="text-align: left; width: 10%; vertical-align: bottom">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt; width: 13%">
519</TD>
	<TD STYLE="text-align: left; width: 4%">&#36; </TD>
 <TD STYLE="text-align: right; width: 10%">512,160</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Sensata Technologies Finance Co. LLC, Term Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.00%, 5/11/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
602</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
602,723</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,114,883</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Energy Equipment &amp; Services &#151; 2.9%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Dynegy Midwest Generation LLC, Coal Co. Term</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Loan, 9.25%, 8/04/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
514</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
533,286</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Dynegy Power LLC, Gas Co. Term Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
9.25%, 8/04/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
578</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
604,663</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
MEG Energy Corp., Term Loan B, 4.00%, 3/16/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,538</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,540,113</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Tervita Corp. (FKA CCS Corp.):</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Incremental Term Loan, 6.50%, 10/17/14</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
348</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
347,961</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan B, 3.23%, 11/14/14</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
742</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
728,205</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
3,754,228</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Food &amp; Staples Retailing &#151; 1.9%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
AB Acquisitions UK Topco 2, Term Loan B1,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
3.52%, 7/09/15</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
GBP</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
900</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,348,681</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Pilot Travel Centers LLC, Term Loan B2,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.25%, 8/07/19</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
485</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
486,212</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
US Foods, Inc.(FKA U.S. Foodservice, Inc.),</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Extended Term Loan B, 5.75%, 3/31/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
620</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
599,115</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
2,434,008</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Food Products &#151; 3.1%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Advance Pierre Foods:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan (First Lien), 7.00%, 9/30/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
848</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
852,259</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan (Second Lien), 11.25%, 9/29/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
550</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
553,300</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Del Monte Foods Co., Term Loan, 4.50%, 3/08/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,113</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,097,527</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Michael Foods Group, Inc., Term Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.25%, 2/23/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
181</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
181,149</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Pinnacle Foods Finance LLC:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Extended Term Loan B, 3.75%, 10/03/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
40</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
39,244</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan E, 4.75%, 10/17/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
502</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
499,900</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Solvest Ltd. (Dole):</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan B-2, 5.00%&#150;6.00%, 7/06/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
279</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
279,281</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan C-2, 5.00%&#150;6.00%, 7/06/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
499</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
499,767</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
4,002,427</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Health Care Equipment &amp; Supplies &#151; 5.3%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Bausch &amp; Lomb, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.25%, 5/17/19</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,330</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,334,429</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Biomet, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
3.23%&#150;3.47%, 3/25/15</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
312</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
310,911</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
BSN Medical Acquisition Holding GmbH,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Term Loan B, 6.00%, 7/27/19</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
385</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
385,962</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
DJO Finance LLC:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Extended Term Loan B2, 5.23%, 11/01/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
190</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
189,731</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan B3, 6.25%, 9/15/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,057</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,058,228</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Hologic, Inc., Term Loan B, 4.50%, 8/01/19</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,760</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,770,683</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Hupah Finance, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
6.25%, 1/21/19</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
354</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
355,440</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Iasis Healthcare LLC, Term Loan, 5.00%, 5/03/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
348</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
342,109</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Immucor, Inc., Term Loan B, 7.25%, 8/17/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
819</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
821,883</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
LHP Hospital Group, Inc., Term Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
9.00%, 7/03/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
215</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
216,612</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
6,785,988</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Health Care Providers &amp; Services &#151; 4.7%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Community Health Systems, Inc., Extended Term</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Loan B, 3.92%&#150;3.96%, 1/25/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
41</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
41,442</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
ConvaTec, Inc., Term Loan, 5.75%, 12/22/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
581</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
581,894</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
DaVita, Inc.:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan B, 4.50%, 10/20/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,011</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,013,396</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan B2, 4.00%, 9/02/19</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
630</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
626,951</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Emergency Medical Services Corp., Term Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.25%, 5/25/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
662</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
660,696</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: left;">
See Notes to Financial Statements.</P>
</DIV>

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<A name="page_16"></A><BR>

<a name="_bclPageBorder16"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<DIV align="left">
<TABLE border=0 style="width:100%" cellspacing=0 cellpadding=0 style="font-family: 'Arial';font-size: 10pt;">
<TR valign="bottom">
<TD STYLE="text-align: left; font-size: 14pt; border-top: rgb(57,76,165) 4pt solid">
<FONT color="#0000cc">Schedule of Investments (continued)</FONT></TD>
<TD STYLE="border-top: rgb(57,75,165) 4pt solid; text-align: right; vertical-align: bottom; font-size: 8pt; color: #0000cc">
<B><FONT color="#0000cc">BlackRock Defined Opportunity Credit Trust (BHL)</FONT></B></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
<TD STYLE="text-align: right; vertical-align: bottom; font-size: 8pt; color: #0000cc">
<B><FONT color="#0000cc">(Percentages shown are based on Net Assets)</FONT></B></TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<DIV align="left">
<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial">
<TR valign="bottom">
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: center; padding-right: 12pt; vertical-align: bottom">
<B>Par</B></TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
<B>Floating Rate Loan Interests (b)</B></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid; padding-right: 12pt; vertical-align: bottom">
<B>(000)</B></TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-bottom: #000000 1px solid; text-indent: 15.72pt; vertical-align: bottom">
<B>Value</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Health Care Providers &amp; Services (concluded)</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Harden Healthcare LLC:</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt; width: 61%">
Add on Term Loan A, 7.75%, 3/02/15</TD>
	<TD STYLE="text-align: left; width: 10%">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt; width: 13%">
443</TD>
	<TD STYLE="text-align: left; width: 4%">&#36; </TD>
 <TD STYLE="text-align: right; width: 10%">429,154</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan A, 8.50%, 3/02/15</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
294</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
288,005</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
HCA, Inc., Extended Term Loan B3,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
3.48%, 5/01/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
235</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
231,292</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
inVentiv Health, Inc.:</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Combined Term Loan, 6.50%, 8/04/16</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
345</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
321,137</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Incremental Term Loan B-3, 6.75%, 5/15/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
406</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
379,036</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Medpace, Inc., Term Loan,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
6.50%&#150;7.25%, 6/16/17</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
527</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
502,881</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Sheridan Holdings, Inc., First Lien Term Loan,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
6.00%, 6/29/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
300</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
300,249</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
US Renal Care, Inc., First Lien Term Loan,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
6.25%&#150;7.25%, 7/02/19</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
515</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
518,862</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Vanguard Health Holding Co. II LLC (Vanguard</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Health Systems, Inc.), Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.00%, 1/29/16</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
60</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
59,812</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
5,954,807</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Health Care Technology &#151; 1.4%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
IMS Health, Inc., Term Loan B, 4.50%, 8/25/17</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
550</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
551,425</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Kinetic Concepts, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
7.00%, 5/04/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
926</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
933,800</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
MedAssets, Inc., Term Loan, 5.25%, 11/16/16</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
345</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
346,324</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,831,549</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Hotels, Restaurants &amp; Leisure &#151; 7.1%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Alpha D2 Ltd., Term Loan B, 5.75%, 4/28/17</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
589</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
591,585</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Ameristar Casinos, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.00%, 4/16/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
563</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
564,289</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Boyd Gaming Corp., Incremental Term Loan,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
6.00%, 12/17/15</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
385</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
388,221</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Caesars Entertainment Operating Co., Inc.:</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Extended Term Loan B6, 5.49%, 1/26/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
95</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
83,511</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Incremental Term Loan B4, 9.50%, 10/31/16</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
492</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
501,908</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan B1, 3.24%, 1/28/15</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
177</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
167,610</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan B3, 3.24%&#150;3.46%, 1/28/15</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,260</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
2,143,089</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
DineEquity, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.25%&#150;5.25%, 10/19/17</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
37</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
37,170</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Dunkin&#146; Brands, Inc., Term Loan B2,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.00%, 11/23/17</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,140</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,127,861</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Golden Living, Term Loan, 5.00%, 5/04/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
147</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
140,156</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
OSI Restaurant Partners LLC:</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Revolver, 2.49%&#150;2.56%, 6/14/13</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
4</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
4,454</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan B, 2.56%, 6/14/14</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
45</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
44,893</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Sabre, Inc., Non-Extended Initial Term Loan,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
2.23%, 9/30/14</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
146</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
144,811</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
SeaWorld Parks &amp; Entertainment, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.00%, 8/17/17</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
442</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
442,104</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Six Flags Theme Parks, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.25%, 12/20/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
690</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
691,615</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Station Casinos, Inc., Term Loan B1,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
3.23%, 6/17/16</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
393</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
373,057</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Twin River Worldwide Holdings, Inc., Term Loan,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
8.50%, 11/05/15</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
485</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
486,347</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Wendy&#146;s International, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.75%, 5/15/19</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,085</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,089,839</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
9,022,520</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Household Products &#151; 0.5%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Prestige Brands, Inc., Term Loan,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 5.98pt">
5.25%&#150;6.25%, 1/31/19</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
591</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
595,195</TD>
</TR>
<TR valign="bottom">
	<TD COLSPAN="2" STYLE="text-align: left">
<B><FONT color="#0000cc">Independent Power Producers &amp; Energy Traders &#151; 1.0%</FONT></B></TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
The AES Corp., Term Loan, 4.25%, 6/01/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
988</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
989,969</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Calpine Corp., Term Loan B, 4.50%, 4/02/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
215</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
215,297</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
GenOn Energy, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
6.00%, 12/01/17</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
125</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
125,899</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,331,165</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<DIV align="left">
<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial">
<TR valign="bottom">
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: center; padding-right: 12pt; vertical-align: bottom">
<B>Par</B></TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
<B>Floating Rate Loan Interests (b)</B></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid; padding-right: 12pt; vertical-align: bottom">
<B>(000)</B></TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-bottom: #000000 1px solid; text-indent: 15.72pt; vertical-align: bottom">
<B>Value</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Industrial Conglomerates &#151; 2.0%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Sequa Corp.:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt; width: 61%">
Incremental Term Loan, 6.25%, 12/03/14</TD>
	<TD STYLE="text-align: left; width: 10%; vertical-align: bottom">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt; width: 13%">
199</TD>
	<TD STYLE="text-align: left; width: 4%">&#36; </TD>
 <TD STYLE="text-align: right; width: 10%">199,235</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan, 3.69%&#150;3.72%, 12/03/14</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,388</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
2,371,737</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
2,570,972</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Insurance &#151; 0.8%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Asurion LLC, Term Loan (First Lien),</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.50%, 5/24/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
299</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
299,376</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
CNO Financial Group, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
6.25%, 9/30/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
716</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
717,687</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,017,063</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Internet Software &amp; Services &#151; 0.4%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Web.com Group, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 5.98pt">
7.00%, 10/27/17</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
528</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
525,524</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">IT Services &#151; 5.7%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Ceridian Corp., Extended Term Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.99%, 5/09/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
697</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
696,219</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
First Data Corp.:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Extended 2018 Term Loan B, 4.24%, 3/23/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,910</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
2,747,073</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Non-Extended Term Loan B-1, 2.99%, 9/24/14</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
140</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
137,612</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Non-Extended Term Loan B-3, 2.99%, 9/24/14</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
86</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
84,349</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Genpact International, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.25, 8/16/19</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
765</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
765,000</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
InfoGroup, Inc., Term Loan, 5.75%, 5/25/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
345</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
305,143</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
iPayment, Inc., Term Loan B, 5.75%, 5/08/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
494</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
493,500</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Neustar, Inc., Term Loan B, 5.00%, 11/08/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
407</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
408,959</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
SunGard Data Systems, Inc. (Solar Capital Corp.),</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Term Loan B, 3.86%&#150;4.06%, 2/26/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
143</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
142,656</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
TransUnion LLC, Term Loan B, 5.50%, 2/12/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,450</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,459,345</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
7,239,856</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Leisure Equipment &amp; Products &#151; 0.8%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Eastman Kodak Co., DIP Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
8.50%, 7/19/13</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
522</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
517,493</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
FGI Operating Company, LLC, Term Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.50%&#150;6.50%, 4/19/19</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
515</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
516,612</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,034,105</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Machinery &#151; 2.7%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Intelligrated, Inc., First Lien Term Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
6.75%, 7/30/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
400</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
396,000</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Navistar International Corp., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
7.00%, 8/17/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
437</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
438,909</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Rexnord Corp., Term Loan B, 5.00%, 4/02/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
313</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
314,657</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Terex Corp.:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan, 6.00%, 4/28/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
EUR</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
60</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
74,528</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan B, 5.50%, 4/28/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
601</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
603,727</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Tomkins LLC, Term Loan B, 4.25%, 9/29/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,113</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,115,910</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Wabash National Corp., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
6.00%, 5/02/19</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
549</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
552,054</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
3,495,785</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Media &#151; 17.1%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Acosta, Inc., Term Loan B, 5.75%, 3/01/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
236</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
236,982</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Affinion Group, Inc., Term Loan B, 5.00%, 7/15/15</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
263</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
223,092</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
AMC Entertainment, Inc., Term Loan B3,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.25%, 2/22/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
323</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
323,698</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
AMC Networks, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.00%, 12/31/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
792</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
791,509</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Atlantic Broadband Finance LLC, 1st Lien</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Term Loan, 5.25%, 4/04/19</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
455</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
455,428</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
BBHI Acquisition LLC (FKA Bresnan</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Telecommunications Co. LLC), Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.50%, 12/14/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,180</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,183,391</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Capsugel Holdings US, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.75%, 8/01/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
569</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
570,125</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Catalina Marketing Corp., Extended Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.73%, 9/29/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
538</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
530,240</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: left;">
See Notes to Financial Statements.</P>
</DIV>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<A name="page_17"></A><BR>

<a name="_bclPageBorder17"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<DIV align="left">
<TABLE border=0 style="width:100%" cellspacing=0 cellpadding=0 style="font-family: 'Arial';font-size: 10pt;">
<TR valign="bottom">
<TD STYLE="text-align: left; font-size: 14pt; border-top: rgb(57,76,165) 4pt solid">
<FONT color="#0000cc">Schedule of Investments (continued)</FONT></TD>
<TD STYLE="border-top: rgb(57,75,165) 4pt solid; text-align: right; vertical-align: bottom; font-size: 8pt; color: #0000cc">
<B><FONT color="#0000cc">BlackRock Defined Opportunity Credit Trust (BHL)</FONT></B></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
<TD STYLE="text-align: right; vertical-align: bottom; font-size: 8pt; color: #0000cc">
<B><FONT color="#0000cc">(Percentages shown are based on Net Assets)</FONT></B></TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<DIV align="left">
<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial">
<TR valign="bottom">
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: center; padding-right: 12pt; vertical-align: bottom">
<B>Par</B></TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
<B>Floating Rate Loan Interests (b)</B></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid; padding-right: 12pt; vertical-align: bottom">
<B>(000)</B></TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-bottom: #000000 1px solid; text-indent: 15.72pt; vertical-align: bottom">
<B>Value</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Media (concluded)</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Cengage Learning Acquisitions, Inc.:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt; width: 61%">
Non-Extended Term Loan, 2.49%, 7/03/14</TD>
	<TD STYLE="text-align: left; width: 10%; vertical-align: bottom">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt; width: 13%">
228</TD>
	<TD STYLE="text-align: left; width: 4%">&#36; </TD>
 <TD STYLE="text-align: right; width: 10%">209,873</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Tranche 1 Incremental, 7.50%, 7/03/14</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
369</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
355,431</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Charter Communications Operating LLC:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Extended Term Loan C, 3.49%, 9/06/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
807</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
805,398</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan D, 4.00%, 5/15/19</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
314</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
314,112</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Clarke American Corp., Term Facility B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
2.73%&#150;2.96%, 6/30/14</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
89</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
79,996</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Clear Channel Communications, Inc.:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan B, 3.88%, 1/28/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
846</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
655,456</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan C, 3.88%, 1/28/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
158</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
119,790</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Cumulus Media, Inc., First Lien Term Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.75%, 9/17/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
612</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
612,773</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
EMI Music Publishing Ltd., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.50%, 6/29/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
360</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
362,430</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Gray Television, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
3.75%, 12/31/14</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
637</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
633,649</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Houghton Mifflin Harcourt Publishing Co., DIP Term</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Loan B, 7.25%, 6/01/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
434</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
438,794</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Hubbard Broadcasting, Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.25%, 4/28/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
438</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
438,970</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Intelsat Jackson Holdings SA, Tranche B Term Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.25%, 4/02/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,713</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
2,721,949</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Interactive Data Corp., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.50%, 2/12/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,312</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,313,665</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Kabel Deutschland GmbH, Term Loan F,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.25%, 2/01/19</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
770</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
768,606</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Lavena Holding 4 GmbH (Prosiebensat.1</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Media AG):</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan B, 2.95%, 3/06/15</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
EUR</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
460</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
530,082</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan C, 3.32%, 3/04/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
460</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
532,978</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
LIN Television Corp., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.00%, 12/21/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
323</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
325,196</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Mediacom LLC, Term Loan E, 4.50%, 10/23/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
490</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
482,650</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Newsday LLC:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Fixed Rate Term Loan, 10.50%, 8/01/13</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
800</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
804,336</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan, 6.71%, 8/01/13</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
500</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
500,625</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Nielsen Finance LLC, Class B Term Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
3.99%, 5/02/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
631</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
632,595</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Sinclair Television Group, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.00%, 10/28/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
548</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
547,606</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Univision Communications, Inc., Extended Term</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Loan, 4.48%, 3/31/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
866</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
836,746</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
UPC Broadband Holding BV, Term Loan U,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.15%, 12/29/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
EUR</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
196</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
244,730</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
UPC Financing Partnership:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan, 4.75%, 12/29/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
585</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
586,708</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan T, 3.75%, 12/30/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
80</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
79,250</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
WC Luxco Sarl, Term Loan B3, 4.25%, 3/15/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
185</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
184,085</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Weather Channel, Term Loan B, 4.25%, 2/13/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
831</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
833,904</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
WideOpenWest Finance LLC, First Lien Term Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
6.25%, 7/17/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
520</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
519,678</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
21,786,526</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Metals &amp; Mining &#151; 2.6%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Constellium Holdco BV, Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
9.25%, 5/25/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
520</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
509,600</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Novelis, Inc., Term Loan, 4.00%, 3/10/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,160</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,152,614</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
SunCoke Energy, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.00%, 7/26/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
446</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
443,273</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Walter Energy, Inc., Term Loan B, 4.00%, 4/02/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,289</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,266,904</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
3,372,391</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Multiline Retail &#151; 2.7%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
99&#162; Only Stores, Term Loan, 5.25%, 1/11/19</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
522</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
525,309</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Dollar General Corp., Tranche B-2 Term Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
2.98%, 7/07/14</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
316</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
316,121</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<DIV align="left">
<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial">
<TR valign="bottom">
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: center; padding-right: 12pt; vertical-align: bottom">
<B>Par</B></TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
<B>Floating Rate Loan Interests (b)</B></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid; padding-right: 12pt; vertical-align: bottom">
<B>(000)</B></TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-bottom: #000000 1px solid; text-indent: 15.73pt; vertical-align: bottom">
<B>Value</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Multiline Retail (concluded)</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Hema Holding BV, Second Lien Term Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt; width: 61%">
5.14%, 1/05/17</TD>
	<TD STYLE="text-align: left; width: 10%; vertical-align: bottom">
EUR</TD>
	<TD STYLE="text-align: right; padding-right: 12pt; width: 13%">
1,800</TD>
	<TD STYLE="text-align: left; width: 4%">&#36; </TD>
 <TD STYLE="text-align: right; width: 10%">2,122,537</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
The Neiman Marcus Group, Inc., Term Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.75%, 5/16/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
435</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
435,000</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
3,398,967</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Oil, Gas &amp; Consumable Fuels &#151; 2.0%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Chesapeake Energy Corp., Unsecured Term Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
8.50%, 12/01/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
545</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
546,172</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Everest Acquisition LLC, Term Loan B1,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.00%, 4/24/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
660</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
661,650</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Gibson Energy ULC, Term Loan B, 4.75%, 6/15/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
742</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
744,923</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Obsidian Natural Gas Trust, Term Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
7.00%, 11/02/15</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
533</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
533,308</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
2,486,053</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Paper &amp; Forest Products &#151; 0.3%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Ainsworth Lumber Co. Ltd., Term Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.25%, 6/26/14</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
175</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
169,312</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
NewPage Corp., DIP Term Loan, 8.00%, 3/07/13</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
200</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
201,876</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
371,188</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Pharmaceuticals &#151; 4.1%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Aptalis Pharma, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.50%, 2/10/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,115</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,110,819</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Pharmaceutical Product Development, Inc., Term</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Loan B, 6.25%, 12/05/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,399</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,414,039</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Quintiles Transnational Corp., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.00%, 6/08/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
589</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
590,158</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
RPI Finance Trust:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Incremental Tranche 2, 4.00%, 11/09/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
90</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
89,869</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan Tranche 2, 4.00%, 5/09/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
494</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
494,516</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Valeant Pharmaceuticals International, Inc.:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Add-On Term Loan B, 4.75%, 2/13/19</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
588</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
589,402</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Series A Tranche B, 4.75%, 2/13/19</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
435</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
436,009</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Warner Chilcott Corp.:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Incremental Term Loan B-1, 4.25%, 3/15/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
102</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
101,681</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan B-1, 4.25%, 3/15/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
269</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
267,760</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan B-2, 4.25%, 3/15/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
135</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
133,880</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
5,228,133</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Professional Services &#151; 1.8%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Booz Allen Hamilton, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.50%, 7/31/19</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
645</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
645,806</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Emdeon, Inc., Term Loan B1, 5.00%, 11/02/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
791</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
791,813</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
ON Assignment, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.00%, 5/15/19</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
268</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
266,288</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Truven Health Analytics, Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
6.75%, 6/06/19</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
605</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
609,283</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
2,313,190</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Real Estate Investment Trusts (REITs) &#151; 0.8%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
iStar Financial, Inc.:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan A1, 5.00%, 6/28/13</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,035</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,035,290</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan A2, 7.00%, 6/30/14</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
35</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
35,033</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,070,323</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Real Estate Management &amp; Development &#151; 1.5%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Realogy Corp.:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Extended Letter of Credit Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD STYLE="text-align: left; text-indent: 18.97pt">
4.50%, 10/10/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
98</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
94,448</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Extended Synthetic Letter of Credit,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD STYLE="text-align: left; text-indent: 18.97pt">
3.25%, 10/10/13</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
25</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
23,432</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Extended Term Loan, 4.49%, 10/10/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,723</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,662,859</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Stockbridge SBE Holdings LLC, Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
13.00%, 5/02/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
85</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
84,575</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,865,314</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: left;">
See Notes to Financial Statements.</P>
</DIV>

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<A name="page_18"></A><BR>

<a name="_bclPageBorder18"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<DIV align="left">
<TABLE border=0 style="width:100%" cellspacing=0 cellpadding=0 style="font-family: 'Arial';font-size: 10pt;">
<TR valign="bottom">
<TD STYLE="text-align: left; font-size: 14pt; border-top: rgb(57,76,165) 4pt solid">
<FONT color="#0000cc">Schedule of Investments (continued)</FONT></TD>
<TD STYLE="border-top: rgb(57,75,165) 4pt solid; text-align: right; vertical-align: bottom; font-size: 8pt; color: #0000cc">
<B><FONT color="#0000cc">BlackRock Defined Opportunity Credit Trust (BHL)</FONT></B></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
<TD STYLE="text-align: right; vertical-align: bottom; font-size: 8pt; color: #0000cc">
<B><FONT color="#0000cc">(Percentages shown are based on Net Assets)</FONT></B></TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<DIV align="left">
<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial">
<TR valign="bottom">
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: center; padding-right: 12pt; vertical-align: bottom">
<B>Par</B></TD>
	<TD COLSPAN="2" STYLE="text-align: left; padding-right: 4">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
<B>Floating Rate Loan Interests (b)</B></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid; padding-right: 12pt; vertical-align: bottom">
<B>(000)</B></TD>
	<TD COLSPAN="2" STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 15.73pt; padding-right: 4">
<B>Value</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Road &amp; Rail &#151; 0.8%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left; padding-right: 4">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Avis Budget Car Rental LLC, Incremental Term Loan,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left; padding-right: 4">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt; width: 61%">
6.25%, 9/21/18</TD>
	<TD STYLE="text-align: left; width: 10%">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt; width: 13%">
274</TD>
	<TD STYLE="text-align: left; width: 4%; padding-right: 4; vertical-align: bottom">&#36; </TD>
 <TD STYLE="text-align: right; width: 10%; padding-right: 4">274,873</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
RailAmerica, Inc., Term Loan B, 4.00%, 3/01/19</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
449</TD>
	<TD COLSPAN="2" STYLE="text-align: right; padding-right: 4">
448,597</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Road Infrastructure Investment LLC, Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left; padding-right: 4">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
6.25%, 3/30/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
234</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 4">
233,240</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 4">
956,710</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Semiconductors &amp; Semiconductor Equipment &#151; 0.9%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left; padding-right: 4">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Freescale Semiconductor, Inc., Extended Term Loan</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left; padding-right: 4">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
B, 4.50%, 12/01/16</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
784</TD>
	<TD COLSPAN="2" STYLE="text-align: right; padding-right: 4">
751,928</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
NXP BV, Term Loan A-2, 5.50%, 3/03/17</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
392</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 4">
396,303</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 4">
1,148,231</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Software &#151; 3.7%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left; padding-right: 4">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Blackboard, Inc., Term Loan B, 7.50%, 10/04/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
254</TD>
	<TD COLSPAN="2" STYLE="text-align: right; padding-right: 4">
249,445</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Infor US, Inc. (FKA Lawson Software, Inc.),</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left; padding-right: 4">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Term Loan B, 6.25%, 4/05/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,781</TD>
	<TD COLSPAN="2" STYLE="text-align: right; padding-right: 4">
1,798,841</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Sophia, LP, Term Loan B, 6.25%, 7/19/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
648</TD>
	<TD COLSPAN="2" STYLE="text-align: right; padding-right: 4">
653,724</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
SS&amp;C Technologies, Inc.:</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left; padding-right: 4">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan B-1, 5.00%, 6/07/19</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
895</TD>
	<TD COLSPAN="2" STYLE="text-align: right; padding-right: 4">
896,091</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan B-2, 5.00%, 6/07/19</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
93</TD>
	<TD COLSPAN="2" STYLE="text-align: right; padding-right: 4">
92,699</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Vertafore, Inc., Term Loan B, 5.25%, 7/29/16</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
305</TD>
	<TD COLSPAN="2" STYLE="text-align: right; padding-right: 4">
305,047</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
WaveDivision Holdings LLC, Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left; padding-right: 4">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.50%, 8/23/19</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
700</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 4">
702,611</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 4">
4,698,458</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Specialty Retail &#151; 6.5%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left; padding-right: 4">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Academy Ltd., Term Loan, 6.00%, 8/03/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
796</TD>
	<TD COLSPAN="2" STYLE="text-align: right; padding-right: 4">
798,786</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Bass Pro Group LLC, Term Loan, 5.25%, 6/13/17</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
565</TD>
	<TD COLSPAN="2" STYLE="text-align: right; padding-right: 4">
568,843</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Burlington Coat Factory Warehouse Corp., Term</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left; padding-right: 4">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Loan B1, 5.50%, 2/23/17</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
164</TD>
	<TD COLSPAN="2" STYLE="text-align: right; padding-right: 4">
164,778</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Claire&#146;s Stores, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left; padding-right: 4">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
2.98%&#150;3.20%, 5/29/14</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
812</TD>
	<TD COLSPAN="2" STYLE="text-align: right; padding-right: 4">
796,621</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
General Nutrition Centers, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left; padding-right: 4">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.25%, 3/02/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
870</TD>
	<TD COLSPAN="2" STYLE="text-align: right; padding-right: 4">
868,773</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
The Gymboree Corp., Term Loan, 5.00%, 2/23/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
146</TD>
	<TD COLSPAN="2" STYLE="text-align: right; padding-right: 4">
141,602</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Harbor Freight Tools USA, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left; padding-right: 4">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.50%, 11/14/17</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
460</TD>
	<TD COLSPAN="2" STYLE="text-align: right; padding-right: 4">
459,352</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Jo-Ann Stores, Inc., Term Loan, 4.75%, 3/16/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
285</TD>
	<TD COLSPAN="2" STYLE="text-align: right; padding-right: 4">
284,745</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Michaels Stores, Inc.:</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left; padding-right: 4">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Extended Term Loan B3, 5.00%, 7/29/16</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
334</TD>
	<TD COLSPAN="2" STYLE="text-align: right; padding-right: 4">
336,002</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan B2, 5.00%, 7/29/16</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
671</TD>
	<TD COLSPAN="2" STYLE="text-align: right; padding-right: 4">
674,176</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Party City Holdings, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left; padding-right: 4">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.75%, 7/26/19</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
855</TD>
	<TD COLSPAN="2" STYLE="text-align: right; padding-right: 4">
858,916</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
PETCO Animal Supplies, Inc., Term Loan,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left; padding-right: 4">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.50%, 11/24/17</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
983</TD>
	<TD COLSPAN="2" STYLE="text-align: right; padding-right: 4">
983,619</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Things Remembered, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left; padding-right: 4">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
8.00%, 5/24/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
315</TD>
	<TD COLSPAN="2" STYLE="text-align: right; padding-right: 4">
308,700</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Toys &#145;R&#146; Us Delaware, Inc.:</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left; padding-right: 4">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan, 6.00%, 9/01/16</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
300</TD>
	<TD COLSPAN="2" STYLE="text-align: right; padding-right: 4">
294,418</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan B3, 5.25%, 5/25/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
95</TD>
	<TD COLSPAN="2" STYLE="text-align: right; padding-right: 4">
90,972</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
The Yankee Candle Co., Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left; padding-right: 4">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.25%, 4/02/19</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
633</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 4">
635,870</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 4">
8,266,173</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Textiles, Apparel &amp; Luxury Goods &#151; 1.2%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left; padding-right: 4">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Ascend Performance Materials LLC, Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left; padding-right: 4">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
6.75%, 4/10/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
923</TD>
	<TD COLSPAN="2" STYLE="text-align: right; padding-right: 4">
914,227</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Wolverine Worldwide, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left; padding-right: 4">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.21%, 6/26/19</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
580</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 4">
583,613</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 4">
1,497,840</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Wireless Telecommunication Services &#151; 1.8%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left; padding-right: 4">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Crown Castle International Corp., Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left; padding-right: 4">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.00%, 1/31/19</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
203</TD>
	<TD COLSPAN="2" STYLE="text-align: right; padding-right: 4">
202,500</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
MetroPCS Wireless, Inc., Tranche B-2 Term Loan,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left; padding-right: 4">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.07%, 11/03/16</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
761</TD>
	<TD COLSPAN="2" STYLE="text-align: right; padding-right: 4">
759,946</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<DIV align="left">
<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial">
<TR valign="bottom">
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: center; padding-right: 12pt; vertical-align: bottom">
<B>Par</B></TD>
	<TD COLSPAN="2" STYLE="text-align: left; padding-right: 4">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
<B>Floating Rate Loan Interests (b)</B></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid; padding-right: 12pt; vertical-align: bottom">
<B>(000)</B></TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-bottom: #000000 1px solid; padding-right: 4">
<B>Value</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Wireless Telecommunication Services (concluded)</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left; padding-right: 4">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Vodafone Americas Finance 2, Inc. (e):</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left; padding-right: 4">
&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD STYLE="text-align: left; text-indent: 18.97pt">
Term Loan, 6.88%, 8/11/15</TD>
	<TD STYLE="text-align: left">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
934</TD>
	<TD STYLE="text-align: left; padding-right: 4; vertical-align: bottom">&#36; </TD>
 <TD STYLE="text-align: right; padding-right: 4">971,486</TD>
</TR>
<TR valign="bottom">
<TD STYLE="text-align: left; text-indent: 18.97pt">
Term Loan B, 6.25%, 7/11/16</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
413</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 4">
420,750</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 4">
2,354,682</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid">
<B>Total Floating Rate Loan Interests &#151; 130.1%</B></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 2px solid; padding-right: 4">
165,888,147</TD>
</TR>
<TR>
	<TD COLSPAN="5">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: Black 1px solid; border-top: rgb(57,76,165) 4pt solid">
<B>Warrants (f) &#151; 0.0%</B></TD>
	<TD STYLE="text-align: left; border-bottom: Black 1px solid; border-top: rgb(57,76,165) 4pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 1px solid; padding-right: 12pt; border-top: rgb(57,76,165) 4pt solid">
<B>Shares</B></TD>
	<TD COLSPAN="2" STYLE="text-align: left; border-bottom: Black 1px solid; padding-right: 4; border-top: rgb(57,76,165) 4pt solid">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Software &#151; 0.0%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left; padding-right: 4">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
HMH Holdings/EduMedia (Issued/Exercisable</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left; padding-right: 4">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
3/09/10, 19 Shares for 1 Warrant, Expires</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left; padding-right: 4">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 5.98pt">
6/22/19, Strike Price &#36;42.27)</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
691</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 4">
&#151;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B>Total Long-Term Investments</B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left; padding-right: 4">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid">
<B>(Cost &#151; &#36;181,792,608) &#151; 144.4%</B></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 2px solid; padding-right: 4">
184,057,985</TD>
</TR>
<TR>
	<TD COLSPAN="5">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: Black 1px solid; border-top: rgb(57,76,165) 4pt solid">
<B>Short-Term Securities</B></TD>
	<TD STYLE="text-align: left; border-bottom: Black 1px solid; border-top: rgb(57,76,165) 4pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: Black 1px solid; padding-right: 12pt; border-top: rgb(57,76,165) 4pt solid">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left; border-bottom: Black 1px solid; padding-right: 4; border-top: rgb(57,76,165) 4pt solid">
&nbsp;</TD>
</TR>
<TR>
	<TD COLSPAN="5">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
BlackRock Liquidity Funds, TempFund,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left; padding-right: 4">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 5.98pt">
Institutional Class, 0.15% (g)(h)</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
2,326,441</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 4">
2,326,441</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B>Total Short-Term Securities</B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left; padding-right: 4">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 5.98pt">
<B>(Cost &#151; &#36;2,326,441) &#151; 1.8%</B></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 4">
2,326,441</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B>Total Investments (Cost&#151;&#36;184,119,049) &#151; 146.2%</B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; padding-right: 4">
186,384,426</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B>Liabilities in Excess of Other Assets &#151; (46.2)%</B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 0">
(58,929,833)</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; width: 61%">
<B>Net Assets &#151; 100.0%</B></TD>
	<TD STYLE="text-align: left; width: 10%">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt; width: 13%">
&nbsp;</TD>
	<TD STYLE="text-align: left; width: 4%; border-bottom: Black 2px solid; padding-right: 4; vertical-align: bottom">&#36; </TD>
 <TD STYLE="text-align: right; width: 10%; border-bottom: Black 2px solid; padding-right: 4">127,454,593</TD>
</TR>
<TR STYLE="vertical-align: bottom">
        <TD STYLE="text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD>
        <TD STYLE="text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD>
        <TD STYLE="text-align: left; padding-right: 12pt; border-bottom: Black 1pt solid">&nbsp;</TD>
        <TD STYLE="text-align: left; border-bottom: Black 1pt solid; padding-right: 4; vertical-align: bottom">&nbsp;</TD>
 <TD STYLE="text-align: right; border-bottom: Black 1pt solid; padding-right: 4">&nbsp;</TD></TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 20pt; text-align: left">(a)</TD><TD>Security exempt from registration pursuant to Rule 144A under
the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional
investors.</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 20pt; text-align: left">(b)</TD><TD>Variable rate security. Rate shown is as of report date.</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 20pt; text-align: left">(c)</TD><TD>When-issued security. Unsettled when-issued transactions
were as follows:</TD>
</TR></TABLE>
<DIV align="left">
<TABLE border=0 style="width:100%" cellspacing=0 cellpadding=0 style="font-family: 'Arial';font-size: 10pt;">
<TR valign="bottom">
	<TD STYLE="text-align: left; width: 66%; border-top: Black 1pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; width: 16%; border-top: Black 1pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: center; width: 17%; border-top: Black 1pt solid">
<B>Unrealized</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
<B>Counterparty</B></TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid">
<B>Value</B></TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid">
<B>Appreciation</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
Credit Suisse Group AG</TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid">
&#36;323,050</TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid">
&#151;</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 20pt; text-align: left">(d)</TD><TD>Non-income producing security.</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 20pt; text-align: left">(e)</TD><TD>Represents a payment-in-kind security which may pay interest/dividends
in additional par/shares.</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 20pt; text-align: left">(f)</TD><TD>Warrants entitle the Fund to purchase a predetermined number
of shares of common stock and are non-income producing. The purchase price and number of shares are subject to adjustment under
certain conditions until the expiration date, if any.</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 20pt; text-align: left">(g)</TD><TD>Investments in issuers considered to be an affiliate of the
Fund during the year ended August 31 2012, for purposes of Section 2(a)(3) of the 1940 Act, were as follows:</TD>
</TR></TABLE>
<DIV align="left">
<TABLE border=0 style="width:100%" cellspacing=0 cellpadding=0 style="font-family: 'Arial';font-size: 10pt;">
<TR valign="bottom">
	<TD NOWRAP STYLE="text-align: left; width: 56%; border-top: Black 1pt solid">
&nbsp;</TD>
	<TD NOWRAP STYLE="text-align: center; width: 16%; border-top: Black 1pt solid">
<B>Shares</B></TD>
	<TD NOWRAP STYLE="text-align: left; width: 18%; border-top: Black 1pt solid">
&nbsp;</TD>
	<TD NOWRAP STYLE="text-align: center; width: 20%; border-top: Black 1pt solid">
<B>Shares</B></TD>
	<TD NOWRAP STYLE="text-align: left; width: 12%; border-top: Black 1pt solid">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD NOWRAP STYLE="text-align: left">
&nbsp;</TD>
	<TD NOWRAP STYLE="text-align: center">
<B>Held at</B></TD>
	<TD NOWRAP STYLE="text-align: left">
&nbsp;</TD>
	<TD NOWRAP STYLE="text-align: center">
<B>Held at</B></TD>
	<TD NOWRAP STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD NOWRAP STYLE="text-align: left">
&nbsp;</TD>
	<TD NOWRAP STYLE="text-align: center">
<B>August 31,</B></TD>
	<TD NOWRAP STYLE="text-align: center">
<B>Net</B></TD>
	<TD NOWRAP STYLE="text-align: center">
<B>August 31,</B></TD>
	<TD NOWRAP STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD NOWRAP STYLE="text-align: left; border-bottom: #000000 1px solid">
<B>Affiliate</B></TD>
	<TD NOWRAP STYLE="text-align: center; border-bottom: #000000 1px solid">
<B>2011</B></TD>
	<TD NOWRAP STYLE="text-align: center; border-bottom: #000000 1px solid">
<B>Activity</B></TD>
	<TD NOWRAP STYLE="text-align: center; border-bottom: #000000 1px solid">
<B>2012</B></TD>
	<TD NOWRAP STYLE="text-align: center; border-bottom: #000000 1px solid">
<B>Income</B></TD>
</TR>
<TR>
	<TD colspan=5>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
BlackRock Liquidity</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Funds, Temp Fund,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 5.98pt">
Institutional Class</TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid">
2,230,753</TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid">
95,688</TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid">
2,326,441</TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid">
&#36;662</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 20pt; text-align: left">(h)</TD><TD>Represents the current yield as of report date.</TD>
</TR></TABLE>
<P style="text-align: left;">
See Notes to Financial Statements.</P>
</DIV>

<!-- Field: Page; Sequence: 18; Value: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; padding-top: 6pt; padding-bottom: 12pt; border-top: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 9pt Arial, Helvetica, Sans-Serif"><TR><TD STYLE="text-align: left; width: 33%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->18<!-- Field: /Sequence --></TD><TD STYLE="text-align: center; width: 34%">ANNUAL REPORT</TD><TD STYLE="text-align: right; width: 33%">AUGUST 31, 2012</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->




<A name="page_19"></A><BR>

<a name="_bclPageBorder19"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<DIV align="left">
<TABLE border=0 style="width:100%" cellspacing=0 cellpadding=0 style="font-family: 'Arial';font-size: 10pt;">
<TR valign="bottom">
<TD STYLE="text-align: left; font-size: 14pt; border-top: rgb(57,76,165) 4pt solid">
<FONT color="#0000cc">Schedule of Investments (continued)</FONT></TD>
<TD STYLE="border-top: rgb(57,75,165) 4pt solid; text-align: right; vertical-align: bottom; font-size: 8pt; color: #0000cc">
<B><FONT color="#0000cc">BlackRock Defined Opportunity Credit Trust (BHL)</FONT></B></TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 20pt; text-align: left">&#149;</TD><TD>Foreign currency exchange contracts as of August 31, 2012
were as follows:</TD>
</TR></TABLE>
<DIV align="left">
<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial">
<TR valign="bottom">
	<TD STYLE="text-align: left; border-top: Black 1pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-top: Black 1pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-top: Black 1pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-top: Black 1pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-top: Black 1pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-top: Black 1pt solid">
&nbsp;</TD>

    <TD STYLE="border-top: Black 1pt solid">&nbsp;</TD><TD COLSPAN="2" STYLE="text-align: center; border-top: Black 1pt solid">
<B>Unrealized</B></TD>
</TR>
<TR valign="bottom">
	<TD COLSPAN="2" STYLE="text-align: left">
<B>Currency</B></TD>
	<TD COLSPAN="2" STYLE="text-align: center">
<B>Currency</B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: center">
<B>Settlement</B></TD>

    <TD>&nbsp;</TD><TD COLSPAN="2" STYLE="text-align: center">
<B>Appreciation</B></TD>
</TR>
<TR valign="bottom">
	<TD COLSPAN="2" STYLE="text-align: left; border-bottom: #000000 1px solid">
<B>Purchased</B></TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-bottom: #000000 1px solid; vertical-align: bottom"><B>Sold</B></TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid">
<B>Counterparty</B></TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid">
<B>Date</B></TD>

    <TD STYLE="text-align: center; border-bottom: #000000 1px solid">&nbsp;</TD><TD COLSPAN="2" STYLE="text-align: center; border-bottom: #000000 1px solid">
<B>(Depreciation)</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; width: 6%">
USD</TD>
	<TD STYLE="text-align: right; width: 15%">
99,943</TD>
	<TD STYLE="text-align: right; width: 7%">
CAD</TD>
	<TD STYLE="text-align: right; width: 16%">
101,500</TD>
	<TD STYLE="text-align: center; width: 18%">
UBS AG</TD>
	<TD STYLE="text-align: center; width: 15%">
10/17/12</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; width: 10%; vertical-align: bottom">&#36; </TD>
                   <TD STYLE="text-align: right; width: 9%">(2,931)</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
USD</TD>
	<TD STYLE="text-align: right">
101,840</TD>
	<TD STYLE="text-align: right">
GBP</TD>
	<TD STYLE="text-align: right">
65,000</TD>
	<TD STYLE="text-align: center">
Citigroup Inc.</TD>
	<TD STYLE="text-align: center">
10/17/12</TD>

    <TD>&nbsp;</TD><TD COLSPAN="2" STYLE="text-align: right">
(1,355)</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
USD</TD>
	<TD STYLE="text-align: right">
1,178,267</TD>
	<TD STYLE="text-align: right">
GBP</TD>
	<TD STYLE="text-align: right">
759,000</TD>
	<TD STYLE="text-align: center">
UBS AG</TD>
	<TD STYLE="text-align: center">
10/17/12</TD>

    <TD>&nbsp;</TD><TD COLSPAN="2" STYLE="text-align: right">
(26,734)</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
EUR</TD>
	<TD STYLE="text-align: right">
29,000</TD>
	<TD STYLE="text-align: right">
USD</TD>
	<TD STYLE="text-align: right">
36,350</TD>
	<TD STYLE="text-align: center">
Citigroup Inc.</TD>
	<TD STYLE="text-align: center">
10/22/12</TD>

    <TD>&nbsp;</TD><TD COLSPAN="2" STYLE="text-align: right">
145</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
USD</TD>
	<TD STYLE="text-align: right">
3,756,464</TD>
	<TD STYLE="text-align: right">
EUR</TD>
	<TD STYLE="text-align: right">
3,064,000</TD>
	<TD STYLE="text-align: center">
Citigroup Inc.</TD>
	<TD STYLE="text-align: center">
10/22/12</TD>

    <TD>&nbsp;</TD><TD COLSPAN="2" STYLE="text-align: right">
(99,423)</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
USD</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid">
124,244</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid">
EUR</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid">
100,000</TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid">
Citigroup Inc.</TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid">
10/22/12</TD>

    <TD STYLE="text-align: center; border-bottom: #000000 1px solid">&nbsp;</TD><TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
(1,601)</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B>Total</B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>

    <TD>&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left; vertical-align: bottom">&#36; </TD>
                   <TD STYLE="border-bottom: Black 2px solid; text-align: right">(131,899)</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 20pt; text-align: left">&#149;</TD><TD>Credit default swaps on traded indexes &#151; buy protection
outstanding as of August 31, 2012 were as follows:</TD>
</TR></TABLE>
<DIV align="left">
<TABLE border=0 style="width:100%" cellspacing=0 cellpadding=0 style="font-family: 'Arial';font-size: 10pt;">
<TR valign="bottom">
	<TD STYLE="text-align: left; width: 16%; border-top: Black 1pt solid">
<B>Index</B></TD>
	<TD STYLE="text-align: center; width: 11%; border-top: Black 1pt solid">
<B>Pay</B></TD>
	<TD STYLE="text-align: center; width: 19%; border-top: Black 1pt solid">
<B>Counterparty</B></TD>
	<TD STYLE="text-align: right; width: 15%; border-top: Black 1pt solid">
<B>Expiration</B></TD>
	<TD STYLE="text-align: center; width: 19%; border-top: Black 1pt solid">
<B>Notional</B></TD>
	<TD STYLE="width: 18%; text-align: center; vertical-align: bottom; border-top: Black 1pt solid">
<B>Unrealized</B></TD>
</TR>
<TR valign="bottom">
	<TD align=left width=16%>
&nbsp;</TD>
	<TD align=center width=11%>
<B>Fixed</B></TD>
	<TD align=left width=19%>
&nbsp;</TD>
	<TD align=center width=15%>
<B>Date</B></TD>
	<TD align=center width=19%>
<B>Amount</B></TD>
	<TD WIDTH="18%" STYLE="text-align: center; vertical-align: bottom">
<B>Depreciation</B></TD>
</TR>
<TR valign="bottom">
	<TD align=left width=16% style="border-bottom:1px solid #000000;">
&nbsp;</TD>
	<TD align=center width=11% style="border-bottom:1px solid #000000;">
<B>Rate</B></TD>
	<TD align=left width=19% style="border-bottom:1px solid #000000;">
&nbsp;</TD>
	<TD align=left width=15% style="border-bottom:1px solid #000000;">
&nbsp;</TD>
	<TD align=center width=19% style="border-bottom:1px solid #000000;">
<B>(000)</B></TD>
	<TD WIDTH="18%" STYLE="text-align: center; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=16% style="TEXT-INDENT:0.000793pt">
Dow Jones</TD>
	<TD align=center width=11%>
5.00%</TD>
	<TD align=center width=19%>
JPMorgan</TD>
	<TD align=right width=15%>
6/20/17</TD>
	<TD align=center width=19%>
USD 1,634</TD>
	<TD WIDTH="18%" STYLE="text-align: center; vertical-align: bottom">
&#36;(66,320)</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=16% style="TEXT-INDENT:5.987595pt">
CDX North</TD>
	<TD align=left width=11%>
&nbsp;</TD>
	<TD align=center width=19%>
Chase &amp; Co.</TD>
	<TD align=left width=15%>
&nbsp;</TD>
	<TD align=left width=19%>
&nbsp;</TD>
	<TD WIDTH="18%" STYLE="text-align: center; vertical-align: bottom">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=16% style="TEXT-INDENT:5.987595pt">
America</TD>
	<TD align=left width=11%>
&nbsp;</TD>
	<TD align=left width=19%>
&nbsp;</TD>
	<TD align=left width=15%>
&nbsp;</TD>
	<TD align=left width=19%>
&nbsp;</TD>
	<TD WIDTH="18%" STYLE="text-align: center; vertical-align: bottom">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=16% style="TEXT-INDENT:5.987595pt">
High Yield</TD>
	<TD align=left width=11%>
&nbsp;</TD>
	<TD align=left width=19%>
&nbsp;</TD>
	<TD align=left width=15%>
&nbsp;</TD>
	<TD align=left width=19%>
&nbsp;</TD>
	<TD WIDTH="18%" STYLE="text-align: center; vertical-align: bottom">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=16% style="TEXT-INDENT:5.987595pt">
Index</TD>
	<TD align=left width=11%>
&nbsp;</TD>
	<TD align=left width=19%>
&nbsp;</TD>
	<TD align=left width=15%>
&nbsp;</TD>
	<TD align=left width=19%>
&nbsp;</TD>
	<TD WIDTH="18%" STYLE="text-align: center; vertical-align: bottom">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=16% style="TEXT-INDENT:5.987595pt">
Series 18,</TD>
	<TD align=left width=11%>
&nbsp;</TD>
	<TD align=left width=19%>
&nbsp;</TD>
	<TD align=left width=15%>
&nbsp;</TD>
	<TD align=left width=19%>
&nbsp;</TD>
	<TD WIDTH="18%" STYLE="text-align: center; vertical-align: bottom">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=16% style="border-bottom:1px solid #000000;" style="TEXT-INDENT:5.987595pt">
Version 2</TD>
	<TD align=left width=11% style="border-bottom:1px solid #000000;">
&nbsp;</TD>
	<TD align=left width=19% style="border-bottom:1px solid #000000;">
&nbsp;</TD>
	<TD align=left width=15% style="border-bottom:1px solid #000000;">
&nbsp;</TD>
	<TD align=left width=19% style="border-bottom:1px solid #000000;">
&nbsp;</TD>
	<TD WIDTH="18%" STYLE="text-align: center; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 20pt; text-align: left">&#149;</TD><TD>For Fund compliance purposes, the Fund&#146;s industry classifications
refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or rating group
indexes, and/or as defined by Fund management. These definitions may not apply for purposes of this report, which may combine
such industry sub-classifications for reporting ease.</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 20pt; text-align: left">&#149;</TD><TD>Fair Value Measurements &#151; Various inputs are used in
determining the fair value of investments and derivative financial instrument. These inputs to valuation techniques are categorized
into a disclosure hierarchy consisting of three broad levels for financial statement purposes as follows:</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20pt"></TD><TD STYLE="width: 20pt; text-align: left">&#149;</TD><TD>Level1&#151;unadjusted price quotations in active markets/exchanges
for identical assets and liabilities</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20pt"></TD><TD STYLE="width: 20pt; text-align: left">&#149;</TD><TD>Level 2 &#151; other observable inputs (including, but
not limited to: quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar
assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities
(such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other
market-corroborated inputs)</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20pt"></TD><TD STYLE="width: 20pt; text-align: left">&#149;</TD><TD>Level3&#151;unobservable inputs based on the best information
available in the circumstances, to the extent observable inputs are not available (including the Fund&#146;s own assumptions used
in determining the fair value of investments and derivative financial instrument)</TD>
</TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 9pt; margin-left: 20pt; text-indent: 0pt">Changes in valuation techniques may result in
transfers into or out of an assigned level within the disclosure hierarchy. In accordance with the Fund&#146;s policy, transfers
between different levels of the fair value disclosure hierarchy are deemed to have occurred as of the beginning of the reporting
period. The categorization of a value determined for investments and derivative financial instrument is based on the pricing transparency
of the investment and derivative financial instrument and is not necessarily an indication of the risks associated with investing
in those securities. For information about the Fund&#146;s policy regarding valuation of investments and derivative financial
instruments and other significant accounting policies, please refer to Note 1 of the Notes to Financial Statements.</P>
<P style="text-align: left;">
The following tables summarize the Fund&#146;s investments and derivative financial instruments categorized in the disclosure hierarchy as of August 31, 2012:</P>
<DIV align="left">
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid; border-top: Black 1pt solid">&nbsp;</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; border-top: Black 1pt solid">Level 1</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; border-top: Black 1pt solid">Level 2</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; border-top: Black 1pt solid">Level 3</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; border-top: Black 1pt solid">Total</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left">Assets:</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Investments:</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Long-Term Investments:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 5.98pt">Asset-Backed</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 40%; text-align: left; text-indent: 11.97pt">Securities</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">&mdash;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">&mdash;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">3,427,772</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">3,427,772</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 5.98pt">Common</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 11.97pt">Stocks</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">420,455</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">572,596</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">993,051</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 5.98pt">Corporate</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 11.97pt">Bonds</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">13,749,015</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">13,749,015</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 5.98pt">Floating Rate</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 11.97pt">Loan</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 11.97pt">Interests</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">155,684,119</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10,204,028</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">165,888,147</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 5.98pt">Short-Term</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 11.97pt">Securities.</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">2,326,441</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">2,326,441</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left">Total</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">2,746,896</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">170,005,730</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">13,631,800</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">186,384,426</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="17"></TD></TR>
</TABLE>


<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid; border-top: Black 1pt solid">&nbsp;</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; border-top: Black 1pt solid">Level 1</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; border-top: Black 1pt solid">Level 2</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; border-top: Black 1pt solid">Level 3</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; border-top: Black 1pt solid">Total</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Derivative Financial Instruments<SUP>1</SUP></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: 0pt">Assets:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 5.98pt">Foreign currency</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 11.97pt">exchange</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 40%; text-align: left; text-indent: 11.97pt">contracts</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">&mdash;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">145</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">&mdash;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">145</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: 0pt">Liabilities:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 5.98pt">Foreign currency</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 11.97pt">exchange</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 11.97pt">contracts</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(132,044</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(132,044</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 5.98pt">Credit</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 11.97pt">contracts</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(66,320</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">)</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(66,320</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: 0pt">Total</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">&mdash;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">(198,219</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">)</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">&mdash;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">(198,219</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">)</TD></TR>
</TABLE>

</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20pt"></TD><TD STYLE="width: 20pt; text-align: left"><SUP>1</SUP></TD><TD>Derivative financial instruments are
                                                                                        swaps and foreign currency exchange contracts.
                                                                                        Swaps and foreign currency exchange contracts
                                                                                        are valued at the unrealized appreciation/depreciation
                                                                                        on the instrument.</TD>
</TR></TABLE>
<P style="text-align: left;">
Certain of the Fund&#146;s assets and liabilities are held at carrying amount, which approximates fair value for financial statement purposes. As of August 31, 2012, such assets and liabilities are categorized within the disclosure hierarchy as
follows:</P>
<DIV align="left">
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid; border-top: Black 1pt solid">&nbsp;</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; border-top: Black 1pt solid">Level 1</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; border-top: Black 1pt solid">Level 2</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; border-top: Black 1pt solid">Level 3</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; border-top: Black 1pt solid">Total</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left">Assets:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 5.98pt">Foreign currency</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 40%; text-align: left; text-indent: 10.98pt">at value</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">12,292</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">&mdash;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">&mdash;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">12,292</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left">Liabilities:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 5.98pt">Loan payable</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(55,000,000</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">)</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(55,000,000</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left">Total</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">12,292</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">(55,000,000</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">)</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">&mdash;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">(54,987,708</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">)</TD></TR>
</TABLE>

</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: left;">
There were no transfers between Level 1 and Level 2 during the year ended August 31, 2012.</P>
<P style="text-align: left;">
See Notes to Financial Statements.</P>
</DIV>

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<A name="page_20"></A><BR>

<a name="_bclPageBorder20"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<DIV align="left">
<TABLE border=0 style="width:100%" cellspacing=0 cellpadding=0 style="font-family: 'Arial';font-size: 10pt;">
<TR valign="bottom">
<TD STYLE="text-align: left; font-size: 14pt; border-top: rgb(57,76,165) 4pt solid">
<FONT color="#0000cc">Schedule of Investments (concluded)</FONT></TD>
<TD STYLE="border-top: rgb(57,75,165) 4pt solid; text-align: right; vertical-align: bottom; font-size: 8pt; color: #0000cc">
<B><FONT color="#0000cc">BlackRock Defined Opportunity Credit Trust (BHL)</FONT></B></TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: left;">
The following table summarizes the valuation techniques used and unobservable inputs developed by the BlackRock Global Valuation Methodologies Committee (&#147;Global Valuation Committee&#148;) to determine the fair value of certain of the Fund&#146;s
Level 3 investments as of August 31, 2012:</P>
<DIV align="left">
<TABLE border=0 style="width:100%" cellspacing=0 cellpadding=0 style="font-family: 'Arial';font-size: 10pt;">
<TR valign="bottom">
	<TD STYLE="width: 21%; text-align: center; vertical-align: bottom; border-top: Black 1pt solid"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
	<TD STYLE="width: 12%; text-align: center; vertical-align: bottom; border-top: Black 1pt solid"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
	<TD STYLE="width: 21%; text-align: center; vertical-align: bottom; border-top: Black 1pt solid"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
	<TD STYLE="width: 15%; text-align: center; vertical-align: bottom; border-top: Black 1pt solid"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
	<TD STYLE="width: 15%; text-align: center; vertical-align: bottom; border-top: Black 1pt solid"><FONT STYLE="font-size: 9pt"><B>Range of</B></FONT></TD>
	<TD STYLE="width: 14%; text-align: center; vertical-align: bottom; border-top: Black 1pt solid"><FONT STYLE="font-size: 9pt"><B>Weighted Average of</B></FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="border-bottom: #000000 1px solid; text-align: center; vertical-align: bottom"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: center; vertical-align: bottom"><FONT STYLE="font-size: 9pt"><B>Value</B></FONT></TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: center; vertical-align: bottom"><FONT STYLE="font-size: 9pt"><B>Valuation Techniques</B></FONT></TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: center; text-indent: 0pt; vertical-align: bottom"><FONT STYLE="font-size: 9pt"><B>Unobservable
 Inputs <SUP>1</SUP></B></FONT></TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: center; vertical-align: bottom"><FONT STYLE="font-size: 9pt"><B>Unobservable Inputs</B></FONT></TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: center; vertical-align: bottom"><FONT STYLE="font-size: 9pt"><B>Unobservable Inputs <SUP>2</SUP></B></FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt"><FONT STYLE="font-size: 9pt"><B>Assets:</B></FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt"><FONT STYLE="font-size: 9pt">Floating Rate Loan Interests</FONT></TD>
	<TD STYLE="text-align: center"><FONT STYLE="font-size: 9pt">&#36;1,467,159</FONT></TD>
	<TD STYLE="text-align: left; text-indent: 0pt"><FONT STYLE="font-size: 9pt">Market Comparable Companies</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">Yield</FONT></TD>
	<TD STYLE="text-align: center"><FONT STYLE="font-size: 9pt">9.65%</FONT></TD>
	<TD STYLE="text-align: center"><FONT STYLE="font-size: 9pt">9.65%</FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 0pt"><FONT STYLE="font-size: 9pt">Cost</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 0pt"><FONT STYLE="font-size: 9pt">N/A<SUP>3</SUP></FONT></TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 9pt">&#151;</FONT></TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 9pt">&#151;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt"><B>Total<SUP>4</SUP></B></FONT></TD>
	<TD STYLE="text-align: center; border-bottom: Black 2px solid"><FONT STYLE="font-size: 9pt">&#36;1,467,159</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 20pt; text-align: left"><FONT STYLE="font-size: 8pt"><SUP>1</SUP></FONT></TD><TD><FONT STYLE="font-size: 8pt">A change
                                                                                     to the unobservable input may result in a
                                                                                     significant change to the value of the investment
                                                                                     as follows:</FONT></TD>
</TR></TABLE>
<DIV align="left">
<TABLE border=0 style="width:100%" cellspacing=0 cellpadding=0 style="font-family: 'Arial';font-size: 10pt;">
<TR valign="bottom">
	<TD STYLE="text-align: left; border-top: Black 1pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: center; border-top: Black 1pt solid">
<B>Impact to</B></TD>
	<TD STYLE="text-align: center; width: 16%; border-top: Black 1pt solid">
<B>Impact to</B></TD>
</TR>
<TR valign="bottom">
	<TD align=left width=39% style="border-bottom:1px solid #000000;">
<B>Unobservable Input</B></TD>
	<TD align=center width=43% style="border-bottom:1px solid #000000;">
<B>Value if Input Increases</B></TD>
	<TD NOWRAP STYLE="text-align: center; width: 16%; border-bottom: #000000 1px solid">
<B>Value if Input Decreases</B></TD>
</TR>
<TR valign="bottom">
	<TD align=left width=39% style="border-bottom:1px solid #000000;" style="TEXT-INDENT:0.000793pt">
Yield</TD>
	<TD align=center width=43% style="border-bottom:1px solid #000000;">
Decrease</TD>
	<TD align=center width=16% style="border-bottom:1px solid #000000;">
Increase</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20pt"></TD><TD STYLE="width: 20pt; text-align: left"><FONT STYLE="font-size: 10pt"><SUP>2</SUP></FONT></TD><TD><FONT STYLE="font-size: 10pt">Unobservable
                                                                                                                            inputs
                                                                                                                            are
                                                                                                                            weighted
                                                                                                                            based
                                                                                                                            on
                                                                                                                            the
                                                                                                                            value
                                                                                                                            of
                                                                                                                            the
                                                                                                                            investments
                                                                                                                            included
                                                                                                                            in
                                                                                                                            the
                                                                                                                            range.</FONT></TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20pt"></TD><TD STYLE="width: 20pt; text-align: left"><FONT STYLE="font-size: 10pt"><SUP>3</SUP></FONT></TD><TD><FONT STYLE="font-size: 10pt">The
                                                                                                                            Fund
                                                                                                                            fair
                                                                                                                            values
                                                                                                                            certain
                                                                                                                            of
                                                                                                                            its
                                                                                                                            Level
                                                                                                                            3
                                                                                                                            investments
                                                                                                                            using
                                                                                                                            prior
                                                                                                                            transaction
                                                                                                                            prices
                                                                                                                            (acquisition
                                                                                                                            cost),
                                                                                                                            although
                                                                                                                            the
                                                                                                                            transaction
                                                                                                                            may
                                                                                                                            not
                                                                                                                            have
                                                                                                                            occurred
                                                                                                                            during
                                                                                                                            the
                                                                                                                            current
                                                                                                                            reporting
                                                                                                                            period.
                                                                                                                            In
                                                                                                                            such
                                                                                                                            cases,
                                                                                                                            these
                                                                                                                            investments
                                                                                                                            are
                                                                                                                            generally
                                                                                                                            privately
                                                                                                                            held
                                                                                                                            investments.
                                                                                                                            There
                                                                                                                            may
                                                                                                                            not
                                                                                                                            be
                                                                                                                            a
                                                                                                                            secondary
                                                                                                                            market,
                                                                                                                            and/or
                                                                                                                            there
                                                                                                                            are
                                                                                                                            a
                                                                                                                            limited
                                                                                                                            number
                                                                                                                            of
                                                                                                                            investors.
                                                                                                                            The
                                                                                                                            determination
                                                                                                                            to
                                                                                                                            fair
                                                                                                                            value
                                                                                                                            such
                                                                                                                            investments
                                                                                                                            at
                                                                                                                            cost
                                                                                                                            is
                                                                                                                            based
                                                                                                                            upon
                                                                                                                            factors
                                                                                                                            consistent
                                                                                                                            with
                                                                                                                            the
                                                                                                                            principles
                                                                                                                            of
                                                                                                                            fair
                                                                                                                            value
                                                                                                                            measurement
                                                                                                                            that
                                                                                                                            are
                                                                                                                            reasonably
                                                                                                                            available
                                                                                                                            to
                                                                                                                            the
                                                                                                                            Global
                                                                                                                            Valuation
                                                                                                                            Committee,
                                                                                                                            or
                                                                                                                            its
                                                                                                                            delegate.
                                                                                                                            Valuations
                                                                                                                            are
                                                                                                                            reviewed
                                                                                                                            utilizing
                                                                                                                            available
                                                                                                                            market
                                                                                                                            information
                                                                                                                            to
                                                                                                                            determine
                                                                                                                            if
                                                                                                                            the
                                                                                                                            carrying
                                                                                                                            value
                                                                                                                            should
                                                                                                                            be
                                                                                                                            adjusted.
                                                                                                                            Such
                                                                                                                            market
                                                                                                                            data
                                                                                                                            may
                                                                                                                            include,
                                                                                                                            but
                                                                                                                            is
                                                                                                                            not
                                                                                                                            limited
                                                                                                                            to,
                                                                                                                            observations
                                                                                                                            of
                                                                                                                            the
                                                                                                                            trading
                                                                                                                            multiples
                                                                                                                            of
                                                                                                                            public
                                                                                                                            companies
                                                                                                                            considered
                                                                                                                            comparable
                                                                                                                            to
                                                                                                                            the
                                                                                                                            private
                                                                                                                            companies
                                                                                                                            being
                                                                                                                            valued,
                                                                                                                            financial
                                                                                                                            or
                                                                                                                            operational
                                                                                                                            information
                                                                                                                            released
                                                                                                                            by
                                                                                                                            the
                                                                                                                            company,
                                                                                                                            and/or
                                                                                                                            news
                                                                                                                            or
                                                                                                                            corporate
                                                                                                                            events
                                                                                                                            that
                                                                                                                            affect
                                                                                                                            the
                                                                                                                            investment.
                                                                                                                            Valuations
                                                                                                                            may
                                                                                                                            be
                                                                                                                            adjusted
                                                                                                                            to
                                                                                                                            account
                                                                                                                            for
                                                                                                                            company-specific
                                                                                                                            issues,
                                                                                                                            the
                                                                                                                            lack
                                                                                                                            of
                                                                                                                            liquidity
                                                                                                                            inherent
                                                                                                                            in
                                                                                                                            a
                                                                                                                            nonpublic
                                                                                                                            investment
                                                                                                                            and
                                                                                                                            the
                                                                                                                            fact
                                                                                                                            that
                                                                                                                            comparable
                                                                                                                            public
                                                                                                                            companies
                                                                                                                            are
                                                                                                                            not
                                                                                                                            identical
                                                                                                                            to
                                                                                                                            the
                                                                                                                            investments
                                                                                                                            being
                                                                                                                            fair
                                                                                                                            valued
                                                                                                                            by
                                                                                                                            the
                                                                                                                            Fund.</FONT></TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20pt"></TD><TD STYLE="width: 20pt; text-align: left"><FONT STYLE="font-size: 10pt"><SUP>4</SUP></FONT></TD><TD><FONT STYLE="font-size: 10pt">Does
                                                                                                                            not
                                                                                                                            include
                                                                                                                            Level
                                                                                                                            3
                                                                                                                            investments
                                                                                                                            with
                                                                                                                            values
                                                                                                                            derived
                                                                                                                            utilizing
                                                                                                                            prices
                                                                                                                            from
                                                                                                                            recent
                                                                                                                            prior
                                                                                                                            transactions
                                                                                                                            or
                                                                                                                            third
                                                                                                                            party
                                                                                                                            pricing
                                                                                                                            information
                                                                                                                            without
                                                                                                                            adjustment
                                                                                                                            for
                                                                                                                            which
                                                                                                                            such
                                                                                                                            inputs
                                                                                                                            are
                                                                                                                            unobservable.
                                                                                                                            See
                                                                                                                            above
                                                                                                                            valuation
                                                                                                                            input
                                                                                                                            table
                                                                                                                            for
                                                                                                                            values
                                                                                                                            of
                                                                                                                            such
                                                                                                                            Level
                                                                                                                            3
                                                                                                                            investments.
                                                                                                                            A
                                                                                                                            significant
                                                                                                                            change
                                                                                                                            in
                                                                                                                            third
                                                                                                                            party
                                                                                                                            pricing
                                                                                                                            information
                                                                                                                            could
                                                                                                                            result
                                                                                                                            in
                                                                                                                            a
                                                                                                                            significantly
                                                                                                                            lower
                                                                                                                            or
                                                                                                                            higher
                                                                                                                            value
                                                                                                                            in
                                                                                                                            such
                                                                                                                            Level
                                                                                                                            3
                                                                                                                            investments.</FONT></TD>
</TR></TABLE>
<P style="text-align: left;"><FONT STYLE="font-size: 10pt">A reconciliation of Level 3 investments is presented when the Fund
had a significant amount of Level 3 investments at the beginning and/or end of the year in relation to net assets. The following
table is a reconciliation of Level 3 investments for which significant unobservable inputs were used in determining fair value:</FONT></P>
<DIV align="left">
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; border-top: Black 1pt solid">&nbsp;</TD><TD STYLE="font-weight: bold; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-top: Black 1pt solid">Asset-Backed</TD><TD STYLE="font-weight: bold; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-top: Black 1pt solid">Common</TD><TD STYLE="font-weight: bold; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-top: Black 1pt solid">Floating Rate</TD><TD STYLE="border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-top: Black 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Securities</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Stocks</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Loan Interests</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Total</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left">Assets:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 40%; text-align: left; text-indent: 5.98pt">Opening balance, as of August 31, 2011</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">2,378,561</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">106,534</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">10,822,191</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">13,307,286</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 5.98pt">Transfers into Level 3<SUP>5</SUP></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">812,985</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">812,985</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 5.98pt">Transfers out of Level 3<SUP>6</SUP></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(5,478,303</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(5,478,303</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 5.98pt">Accrued discounts/premiums</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">37,938</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">21,250</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">59,188</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 5.98pt">Net realized gain (loss)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(38,467</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(503,772</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">22,536</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(519,703</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 5.98pt">Net change in unrealized<BR>
 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;appreciation/depreciation<SUP>7</SUP></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">143,076</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">397,245</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">195,347</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">735,668</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 5.98pt">Purchases</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,494,764</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5,135,597</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">7,630,361</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 5.98pt">Sales</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(1,588,100</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">)</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(7</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">)</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(1,327,575</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">)</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(2,915,682</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: 0pt">Closing Balance, as of August 31, 2012</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">3,427,772</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">&mdash;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">10,204,028</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">13,631,800</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD></TR>
</TABLE>

</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20pt"></TD><TD STYLE="width: 20pt; text-align: left"><FONT STYLE="font-size: 10pt"><SUP>5</SUP></FONT></TD><TD><FONT STYLE="font-size: 10pt">As
                                                                                                                            of
                                                                                                                            August
                                                                                                                            31,
                                                                                                                            2011,
                                                                                                                            the
                                                                                                                            Fund
                                                                                                                            used
                                                                                                                            observable
                                                                                                                            inputs
                                                                                                                            in
                                                                                                                            determining
                                                                                                                            the
                                                                                                                            value
                                                                                                                            of
                                                                                                                            certain
                                                                                                                            investments.
                                                                                                                            As
                                                                                                                            of
                                                                                                                            August
                                                                                                                            31,
                                                                                                                            2012,
                                                                                                                            the
                                                                                                                            Fund
                                                                                                                            used
                                                                                                                            significant
                                                                                                                            unobservable
                                                                                                                            inputs
                                                                                                                            in
                                                                                                                            determining
                                                                                                                            the
                                                                                                                            value
                                                                                                                            on
                                                                                                                            the
                                                                                                                            same
                                                                                                                            investments.
                                                                                                                            As
                                                                                                                            a
                                                                                                                            result,
                                                                                                                            investments
                                                                                                                            with
                                                                                                                            a
                                                                                                                            beginning
                                                                                                                            of
                                                                                                                            year
                                                                                                                            value
                                                                                                                            of
                                                                                                                            &#36;812,985
                                                                                                                            transferred
                                                                                                                            from
                                                                                                                            Level
                                                                                                                            2
                                                                                                                            to
                                                                                                                            Level
                                                                                                                            3
                                                                                                                            in
                                                                                                                            the
                                                                                                                            disclosure
                                                                                                                            hierarchy.</FONT></TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20pt"></TD><TD STYLE="width: 20pt; text-align: left"><FONT STYLE="font-size: 10pt"><SUP>6</SUP></FONT></TD><TD><FONT STYLE="font-size: 10pt">As
                                                                                                                            of
                                                                                                                            August
                                                                                                                            31,
                                                                                                                            2011,
                                                                                                                            the
                                                                                                                            Fund
                                                                                                                            used
                                                                                                                            significant
                                                                                                                            unobservable
                                                                                                                            inputs
                                                                                                                            in
                                                                                                                            determining
                                                                                                                            the
                                                                                                                            value
                                                                                                                            of
                                                                                                                            certain
                                                                                                                            investments.
                                                                                                                            As
                                                                                                                            of
                                                                                                                            August
                                                                                                                            31,
                                                                                                                            2012,
                                                                                                                            the
                                                                                                                            Fund
                                                                                                                            used
                                                                                                                            observable
                                                                                                                            inputs
                                                                                                                            in
                                                                                                                            determining
                                                                                                                            the
                                                                                                                            value
                                                                                                                            on
                                                                                                                            the
                                                                                                                            same
                                                                                                                            investments.
                                                                                                                            As
                                                                                                                            a
                                                                                                                            result,
                                                                                                                            investments
                                                                                                                            with
                                                                                                                            a
                                                                                                                            beginning
                                                                                                                            of
                                                                                                                            year
                                                                                                                            value
                                                                                                                            of
                                                                                                                            &#36;5,478,303
                                                                                                                            transferred
                                                                                                                            from
                                                                                                                            Level
                                                                                                                            3
                                                                                                                            to
                                                                                                                            Level
                                                                                                                            2
                                                                                                                            in
                                                                                                                            the
                                                                                                                            disclosure
                                                                                                                            hierarchy.</FONT></TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20pt"></TD><TD STYLE="width: 20pt; text-align: left"><FONT STYLE="font-size: 10pt"><SUP>7</SUP></FONT></TD><TD><FONT STYLE="font-size: 10pt">Included
                                                                                                                            in
                                                                                                                            the
                                                                                                                            related
                                                                                                                            net
                                                                                                                            change
                                                                                                                            in
                                                                                                                            unrealized
                                                                                                                            appreciation/depreciation
                                                                                                                            in
                                                                                                                            the
                                                                                                                            Statements
                                                                                                                            of
                                                                                                                            Operations.
                                                                                                                            The
                                                                                                                            change
                                                                                                                            in
                                                                                                                            unrealized
                                                                                                                            appreciation/depreciation
                                                                                                                            on
                                                                                                                            investments
                                                                                                                            still
                                                                                                                            held
                                                                                                                            as
                                                                                                                            of
                                                                                                                            August
                                                                                                                            31,
                                                                                                                            2012
                                                                                                                            was
                                                                                                                            &#36;249,362.</FONT></TD>
</TR></TABLE>
<P style="text-align: left;">
See Notes to Financial Statements.</P>
</DIV>

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    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; padding-top: 6pt; padding-bottom: 12pt; border-top: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 9pt Arial, Helvetica, Sans-Serif"><TR><TD STYLE="text-align: left; width: 33%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->20<!-- Field: /Sequence --></TD><TD STYLE="text-align: center; width: 34%">ANNUAL REPORT</TD><TD STYLE="text-align: right; width: 33%">AUGUST 31, 2012</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<A name="page_21"></A><BR>

<a name="_bclPageBorder21"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<DIV align="left">
<TABLE border=0 style="width:100%" cellspacing=0 cellpadding=0 style="font-family: 'Arial';font-size: 10pt;">
<TR valign="bottom">
<TD NOWRAP STYLE="text-align: left; font-size: 14pt; border-top: rgb(57,76,165) 4pt solid"> <FONT STYLE="color: #0000cc">Consolidated
Schedule of Investments <FONT STYLE="font-size: 10pt">August 31, 2012</FONT></FONT></TD>
<TD NOWRAP STYLE="border-top: rgb(57,75,165) 4pt solid; text-align: right; vertical-align: bottom; font-size: 7pt; color: #0000cc">
<B><FONT color="#0000cc">BlackRock Diversified Income Strategies Fund, Inc. (DVF)</FONT></B></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
<TD STYLE="text-align: right; vertical-align: bottom; font-size: 7pt; color: #0000cc">
<B><FONT color="#0000cc">(Percentages shown are based on Net Assets)</FONT></B></TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<DIV align="left">
<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial">
<TR valign="bottom">
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: center; padding-right: 12pt; vertical-align: bottom">
<B>Par</B></TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 0pt">
<B>Asset-Backed Securities</B></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid; padding-right: 12pt; vertical-align: bottom">
<B>(000)</B></TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-bottom: #000000 1px solid; text-indent: 11.68pt; vertical-align: bottom">
<B>Value</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Fraser Sullivan CLO Ltd., Series 2012-7A,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt; width: 61%">
Class C, 4.47%, 4/20/23 (a)(b)</TD>
	<TD STYLE="text-align: left; width: 10%; vertical-align: bottom">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt; width: 13%">
230</TD>
	<TD STYLE="text-align: left; width: 4%">&#36; </TD>
 <TD STYLE="text-align: right; width: 10%">204,378</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Gannett Peak CLO Ltd., Series 2006-1X,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Class A2, 0.81%, 10/27/20 (b)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
280</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
235,900</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Goldentree Loan Opportunities VI Ltd.,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Series 2012-6A, Class D,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.66%, 4/17/22 (a)(b)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
375</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
340,912</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Highbridge Loan Management Ltd.,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Series 2012-1A, Class C,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.71%, 9/20/22 (a)(b)(c)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
350</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
323,050</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
ING Investment Management, Series 2012-2A,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Class D, 4.99%, 10/15/22 (a)(b)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
375</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
334,354</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
LCM LP, Series 11A, Class D2,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.41%, 4/19/22 (a)(b)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
400</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
350,000</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
MAPS CLO Fund LLC, Series 2005-1A, Class C,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
1.42%, 12/21/17 (a)(b)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
275</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
260,893</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Race Point CLO, Series 2012-6A, Class D,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.93%, 5/24/23 (a)(b)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
250</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
225,925</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Symphony CLO Ltd. (a)(b):</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Series 2012-10A, Class D,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD STYLE="text-align: left; text-indent: 18.97pt">5.69%, 7/23/23</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
350</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
323,750</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 11.97pt">
Series 2012-9A, Class D, 4.71%, 4/16/22</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
500</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
445,600</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid">
<B>Total Asset-Backed Securities &#151; 2.3%</B></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 2px solid">
3,044,762</TD>
</TR>
<TR>
	<TD COLSPAN="5">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: Black 1px solid; text-indent: 0pt; border-top: rgb(57,76,165) 4pt solid">
<B>Common Stocks (d)</B></TD>
	<TD STYLE="text-align: left; border-bottom: Black 1px solid; vertical-align: bottom; border-top: rgb(57,76,165) 4pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: center; border-bottom: Black 1px solid; padding-right: 12pt; border-top: rgb(57,76,165) 4pt solid; vertical-align: bottom">
<B>Shares</B></TD>
	<TD COLSPAN="2" STYLE="text-align: left; border-bottom: Black 1px solid; border-top: rgb(57,76,165) 4pt solid">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt">
<B><FONT color="#0000cc">Auto Components &#151; 0.3%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 0pt">
Delphi Automotive Plc</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
14,778</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
447,638</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt">
<B><FONT color="#0000cc">Diversified Financial Services &#151; 0.8%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 0pt">
Kcad Holdings I Ltd.</TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: right">&nbsp;</TD>
 <TD STYLE="border-bottom: #000000 1px solid; text-align: right; padding-right: 12pt">170,157,152</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,128,312</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt">
<B><FONT color="#0000cc">Electrical Equipment &#151; 0.0%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 0pt">
Medis Technologies Ltd.</TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: right">&nbsp;</TD>
 <TD STYLE="border-bottom: #000000 1px solid; text-align: right; padding-right: 12pt">176,126</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
528</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt">
<B><FONT color="#0000cc">Metals &amp; Mining &#151; 0.1%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 0pt">
Euramax International</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
468</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
99,733</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt">
<B><FONT color="#0000cc">Paper &amp; Forest Products &#151; 0.5%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 0pt">
Ainsworth Lumber Co. Ltd. (a)</TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: right">&nbsp;</TD>
 <TD STYLE="border-bottom: #000000 1px solid; text-align: right; padding-right: 12pt">275,167</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
602,953</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt">
<B><FONT color="#0000cc">Software &#151; 0.3%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt">
Bankruptcy Management Solutions, Inc.</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
536</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
5</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt">
HMH Holdings/EduMedia</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
16,048</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
393,182</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
393,187</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid; text-indent: 0pt">
<B>Total Common Stocks &#151; 2.0%</B></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 2px solid">
2,672,351</TD>
</TR>
<TR>
	<TD COLSPAN="5">
&nbsp;</TD>
</TR>
<TR>
	<TD COLSPAN="5">
&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD STYLE="text-align: left; border-top: rgb(57,76,165) 4pt solid">
&nbsp;</TD>
<TD STYLE="text-align: left; border-top: rgb(57,76,165) 4pt solid">
&nbsp;</TD>
<TD STYLE="text-align: center; padding-right: 12pt; vertical-align: bottom; border-top: rgb(57,76,165) 4pt solid">
<B>Par</B></TD>
<TD COLSPAN="2" STYLE="text-align: left; border-top: rgb(57,76,165) 4pt solid">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 0pt">
<B>Corporate Bonds</B></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid; padding-right: 12pt">
<B>(000)</B></TD>
	<TD COLSPAN="2" STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt">
<B><FONT color="#0000cc">Airlines &#151; 0.1%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt">
American Airlines Pass-Through Trust, Series</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
2011-2, Class A, 8.63%, 4/15/23</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
129</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
136,818</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt">
Delta Air Lines, Inc., Series 2009-1 Series B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
9.75%, 6/17/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
53</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
57,610</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
194,428</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt">
<B><FONT color="#0000cc">Auto Components &#151; 0.8%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt">
Icahn Enterprises LP:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
7.75%, 1/15/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
735</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
771,750</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
8.00%, 1/15/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
330</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
351,450</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,123,200</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt">
<B><FONT color="#0000cc">Capital Markets &#151; 0.1%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt">
E*Trade Financial Corp.,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
2.25%, 8/31/19 (a)(e)(f)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
83</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
70,965</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<DIV align="left">
<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial">
<TR valign="bottom">
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: center; padding-right: 12pt; vertical-align: bottom">
<B>Par</B></TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
<B>Corporate Bonds</B></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid; padding-right: 12pt; vertical-align: bottom">
<B>(000)</B></TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-bottom: #000000 1px solid; text-indent: 15.73pt; vertical-align: bottom">
<B>Value</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Capital Markets (concluded)</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
KKR Group Finance Co. LLC,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt; width: 61%">
6.38%, 9/29/20 (a)</TD>
	<TD STYLE="text-align: left; width: 10%; vertical-align: bottom">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt; width: 13%">
80</TD>
	<TD STYLE="text-align: left; width: 4%; border-bottom: #000000 1px solid">&#36; </TD>
 <TD STYLE="text-align: right; width: 10%; border-bottom: #000000 1px solid">90,556</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
161,521</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Chemicals &#151; 0.2%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Hexion US Finance Corp., 6.63%, 4/15/20</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
135</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
136,350</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
INEOS Finance Plc, 8.38%, 2/15/19 (a)</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
115</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
121,037</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
257,387</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Commercial Banks &#151; 0.1%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
CIT Group, Inc.,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
7.00%, 5/02/16 (a)</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
104</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
104,528</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Glitnir Banki HF, 6.38%,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
9/25/12 (a)(d)(g)</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
365</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
&#151;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
104,528</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Commercial Services &amp; Supplies &#151; 0.3%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
ARAMARK Corp.,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
3.94%, 2/01/15 (b)</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
65</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
64,838</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
AWAS Aviation Capital Ltd.,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
7.00%, 10/17/16 (a)</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
324</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
342,267</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Brickman Group Holdings, Inc.,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
9.13%, 11/01/18 (a)</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
14</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
14,140</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
421,245</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Communications Equipment &#151; 0.5%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Zayo Group LLC/Zayo Capital, Inc.:</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
8.13%, 1/01/20</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
400</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
425,000</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
10.13%, 7/01/20</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
265</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
284,212</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
709,212</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Consumer Finance &#151; 0.3%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
Inmarsat Finance Plc, 7.38%, 12/01/17 (a)</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
350</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
380,625</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Diversified Financial Services &#151; 1.0%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Ally Financial, Inc.:</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
7.50%, 12/31/13</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
20</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
21,375</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
2.67%, 12/01/14 (b)</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
325</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
319,429</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
7.50%, 9/15/20</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
160</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
183,200</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
8.00%, 11/01/31</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
70</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
82,775</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
8.00%, 11/01/31</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
80</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
94,960</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Reynolds Group Issuer, Inc.:</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
7.75%, 10/15/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
EUR</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
200</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
259,736</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
6.88%, 2/15/21</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
380</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
411,350</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,372,825</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Diversified Telecommunication Services &#151; 0.1%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
ITC Deltacom, Inc., 10.50%, 4/01/16</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
180</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
193,950</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Energy Equipment &amp; Services &#151; 0.1%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
FTS International Services LLC / FTS</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
International Bonds Inc,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 5.98pt">
8.13%, 11/15/18 (a)</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
165</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
170,363</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Health Care Providers &amp; Services &#151; 0.8%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
CHS/Community Health Systems, Inc.,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.13%, 8/15/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
378</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
389,812</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
HCA, Inc., 6.50%, 2/15/20</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
420</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
461,475</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Tenet Healthcare Corp., 6.25%, 11/01/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
195</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
211,697</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,062,984</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Health Care Technology &#151; 0.6%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
IMS Health, Inc.,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 5.98pt">
12.50%, 3/01/18 (a)</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
700</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
822,500</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Hotels, Restaurants &amp; Leisure &#151; 0.6%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Little Traverse Bay Bands of Odawa Indians,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
9.00%, 8/31/20 (a)</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
192</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
174,720</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Travelport LLC:</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
5.09%, 9/01/14 (b)</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
665</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
472,150</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
9.88%, 9/01/14</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
145</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
115,275</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: left;">
See Notes to Financial Statements.</P>
</DIV>

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<DIV align="left">
<TABLE border=0 style="width:100%" cellspacing=0 cellpadding=0 style="font-family: 'Arial';font-size: 10pt;">
<TR valign="bottom">
<TD NOWRAP STYLE="text-align: left; font-size: 14pt; border-top: rgb(57,76,165) 4pt solid">
<FONT color="#0000cc">Consolidated Schedule of Investments (continued)</FONT></TD>
<TD NOWRAP STYLE="border-top: rgb(57,75,165) 4pt solid; text-align: right; vertical-align: bottom; font-size: 8pt; color: #0000cc"><FONT STYLE="font-size: 7pt; color: #0000cc"><B>BlackRock
Diversified Income Strategies Fund, Inc. (DVF)</B></FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
<TD NOWRAP STYLE="text-align: right; vertical-align: bottom; font-size: 8pt; color: #0000cc"><FONT STYLE="font-size: 7pt; color: #0000cc"><B>(Percentages
shown are based on Net Assets)</B></FONT></TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<DIV align="left">
<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial">
<TR valign="bottom">
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: center; padding-right: 12pt; vertical-align: bottom">
<B>Par</B></TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
<B>Corporate Bonds</B></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid; padding-right: 12pt">
<B>(000)</B></TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-bottom: #000000 1px solid">
<B>Value</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Hotels, Restaurants &amp; Leisure (concluded)</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Tropicana Entertainment LLC,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
9.63%, 12/15/14 (d)(g)</TD>
	<TD STYLE="text-align: left">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
120</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
&#151;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; width: 61%">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; width: 10%">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt; width: 13%">
&nbsp;</TD>
	<TD STYLE="text-align: left; width: 4%; border-bottom: #000000 1px solid">&#36; </TD>
 <TD STYLE="text-align: right; width: 10%; border-bottom: #000000 1px solid">762,145</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Household Durables &#151; 0.1%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
Beazer Homes USA, Inc., 6.63%, 4/15/18 (a)</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
190</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
194,275</TD>
</TR>
<TR valign="bottom">
	<TD COLSPAN="2" STYLE="text-align: left">
<B><FONT color="#0000cc">Independent Power Producers &amp; Energy Traders &#151; 1.7%</FONT></B></TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Calpine Corp.,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
7.25%, 10/15/17 (a)</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
325</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
347,750</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Energy Future Holdings Corp., 10.00%, 1/15/20</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
285</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
314,213</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Energy Future Intermediate Holding Co. LLC,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
10.00%, 12/01/20</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,405</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,577,112</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
2,239,075</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Industrial Conglomerates &#151; 0.6%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Sequa Corp.,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 5.98pt">
13.50%, 12/01/15 (a)</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
722</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
764,863</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">IT Services &#151; 0.2%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
First Data Corp.,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 5.98pt">
6.75%, 11/01/20 (a)</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
260</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
258,050</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Machinery &#151; 0.1%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
UR Financing Escrow Corp.,5.75%, 7/15/18 (a)</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
85</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
89,888</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Media &#151; 2.0%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
AMC Networks, Inc., 7.75%, 7/15/21</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
110</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
124,575</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Checkout Holding Corp.,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
16.03%, 11/15/15 (a)(f)</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
325</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
198,250</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Clear Channel Worldwide Holdings, Inc.,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Series B, 9.25%, 12/15/17</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
884</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
960,245</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
NAI Entertainment Holdings LLC,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
8.25%, 12/15/17 (a)</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
270</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
301,050</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Unitymedia Hessen GmbH &amp; Co. KG,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
8.13%, 12/01/17 (a)</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,000</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,082,500</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
2,666,620</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Metals &amp; Mining &#151; 0.0%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
RathGibson, Inc., 11.25%, 2/15/14 (d)(g)</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
1,390</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
&#151;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Oil, Gas &amp; Consumable Fuels &#151; 0.2%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Coffeyville Resources LLC, 9.00%, 4/01/15 (a)</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
60</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
63,900</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
EP Energy LLC/EP Energy Finance, Inc.,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
6.88%, 5/01/19 (a)</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
155</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
166,238</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
230,138</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Paper &amp; Forest Products &#151; 0.5%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Ainsworth Lumber Co. Ltd.,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
11.00%, 7/29/15 (a)(h)</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
303</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
275,821</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Clearwater Paper Corp., 10.63%, 6/15/16</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
190</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
212,325</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Longview Fibre Paper &amp; Packaging, Inc.,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
8.00%, 6/01/16 (a)</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
165</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
170,775</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
658,921</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Pharmaceuticals &#151; 0.2%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Valeant Pharmaceuticals International,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 5.98pt">
6.50%, 7/15/16 (a)</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
195</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
205,725</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Real Estate Management &amp; Development &#151; 0.1%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
Realogy Corp., 7.63%, 1/15/20 (a)</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
175</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
190,750</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Wireless Telecommunication Services &#151; 1.9%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Cricket Communications, Inc., 7.75%, 5/15/16</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
850</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
896,750</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Digicel Group Ltd. (a):</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
9.13%, 1/15/15</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
279</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
281,790</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
8.25%, 9/01/17</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
255</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
270,300</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Sprint Nextel Corp. (a):</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
9.00%, 11/15/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
380</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
448,400</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
7.00%, 3/01/20</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
585</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
640,575</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
2,537,815</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid">
<B>Total Corporate Bonds &#151; 13.2%</B></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 2px solid">
17,773,033</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<DIV align="left">
<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial">
<TR valign="bottom">
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: center; padding-right: 12pt; vertical-align: bottom">
<B>Par</B></TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
<B>Floating Rate Loan Interests (b)</B></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid; padding-right: 12pt; vertical-align: bottom">
<B>(000)</B></TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-bottom: #000000 1px solid; text-indent: 15.73pt; vertical-align: bottom">
<B>Value</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Aerospace &amp; Defense &#151; 1.6%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
DynCorp International, Term</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt; width: 61%">
Loan B, 6.25%, 7/07/16</TD>
	<TD STYLE="text-align: left; width: 10%; vertical-align: bottom">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt; width: 13%">
301</TD>
	<TD STYLE="text-align: left; width: 4%">&#36; </TD>
 <TD STYLE="text-align: right; width: 10%">299,974</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
SI Organization, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.50%, 11/22/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
415</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
403,984</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Spirit Aerosystems, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
3.75%, 4/18/19</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
384</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
384,679</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
TransDigm, Inc.:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Add on Term Loan B2, 4.00%, 2/14/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
189</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
190,075</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan B, 4.00%, 2/14/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
602</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
603,912</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Wesco Aircraft Hardware Corp., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.25%, 4/07/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
337</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
336,593</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
2,219,217</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Airlines &#151; 0.8%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Delta Air Lines, Inc., Credit Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.50%, 4/20/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
993</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
999,947</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
US Airways Group, Inc., Term Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
2.74%, 3/21/14</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
60</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
57,975</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,057,922</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Auto Components &#151; 2.8%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Autoparts Holdings Ltd., First Lien Term Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
6.50%, 7/28/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
695</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
680,855</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Federal-Mogul Corp.:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan B, 2.17%&#150;2.18%, 12/29/14</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
921</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
878,565</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan C, 2.17%&#150;2.18%, 12/28/15</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
312</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
297,410</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
The Goodyear Tire &amp; Rubber Co., Term Loan</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
(Second Lien), 4.75%, 4/30/19</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,215</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,210,444</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Schaeffler AG, Term Loan C2, 6.00%, 1/27/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
380</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
381,109</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
UCI International, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.50%, 7/26/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
345</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
345,612</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
3,793,995</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Biotechnology &#151; 0.5%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
Grifols, Inc., Term Loan B, 4.50%, 6/01/17</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
648</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
649,184</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Building Products &#151; 3.1%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Armstrong World Industries, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.00%, 3/09/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
897</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
894,392</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
CPG International, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
6.00%, 2/18/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
837</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
823,645</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Goodman Global, Inc., Initial Term Loan (First</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Lien), 5.75%, 10/28/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,094</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
2,096,218</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Momentive Performance Materials, Inc.</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
(Nautilus), Extended Term Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
3.62%, 5/05/15</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
EUR</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
313</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
360,816</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
4,175,071</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Capital Markets &#151; 2.0%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
American Capital Holdings, Term Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.50%, 7/19/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
539</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
541,021</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
HarbourVest Partners LLC, Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
6.25%, 12/16/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
754</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
753,082</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Nuveen Investments, Inc.:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Extended (First Lien), Term Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD STYLE="text-align: left; text-indent: 18.97pt">
5.95%&#150;5.96%, 5/13/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
438</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
438,255</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Extended Term Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD STYLE="text-align: left; text-indent: 18.97pt">
5.92%&#150;5.96%, 5/12/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
862</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
864,443</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Incremental Term Loan, 7.25%, 5/13/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
85</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
85,383</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
2,682,184</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Chemicals &#151; 6.0%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
American Rock Salt Holdings LLC, Term Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.50%, 4/25/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
602</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
584,906</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Ashland, Inc., Term Loan B, 3.75%, 8/23/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
271</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
271,637</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Chemtura Corp., Exit Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.50%, 8/27/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
700</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
702,044</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Evergreen Acqco 1 LP, Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
6.25%, 7/09/19</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
370</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
373,471</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Gentek, Inc., Term Loan, 10/06/15</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
338</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
336,177</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: left;">
See Notes to Financial Statements.</P>
</DIV>

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<TABLE border=0 style="width:100%" cellspacing=0 cellpadding=0 style="font-family: 'Arial';font-size: 10pt;">
<TR valign="bottom">
<TD NOWRAP STYLE="text-align: left; font-size: 14pt; border-top: rgb(57,76,165) 4pt solid">
<FONT color="#0000cc">Consolidated Schedule of Investments (continued)</FONT></TD>
<TD NOWRAP STYLE="border-top: rgb(57,75,165) 4pt solid; text-align: right; vertical-align: bottom; font-size: 8pt; color: #0000cc"><FONT STYLE="font-size: 7pt; color: #0000cc"><B>BlackRock
Diversified Income Strategies Fund, Inc. (DVF)</B></FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
<TD NOWRAP STYLE="text-align: right; vertical-align: bottom; font-size: 8pt; color: #0000cc"><FONT STYLE="font-size: 7pt; color: #0000cc"><B>(Percentages
shown are based on Net Assets)</B></FONT></TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<DIV align="left">
<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial">
<TR valign="bottom">
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: center; padding-right: 12pt; vertical-align: bottom">
<B>Par</B></TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
<B>Floating Rate Loan Interests (b)</B></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid; padding-right: 12pt; vertical-align: bottom">
<B>(000)</B></TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-bottom: #000000 1px solid; text-indent: 15.72pt; vertical-align: bottom">
<B>Value</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Chemicals (concluded)</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
INEOS US Finance LLC:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt; width: 61%">
3 Year Term Loan, 5.50%, 5/04/15</TD>
	<TD STYLE="text-align: left; width: 10%; vertical-align: bottom">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt; width: 13%">
95</TD>
	<TD STYLE="text-align: left; width: 4%">&#36; </TD>
 <TD STYLE="text-align: right; width: 10%">95,473</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
6 Year Term Loan, 6.50%, 5/04/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,983</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,985,845</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
MacDermid, Inc., Tranche C Term Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
2.32%, 4/11/14</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
EUR</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
208</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
259,161</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Nexeo Solutions LLC, Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.00%, 9/08/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
593</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
576,580</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
PolyOne Corp., Term Loan, 5.00%, 12/20/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
194</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
194,607</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
PQ Corp. (FKA Niagara Acquisition, Inc.),</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Term Loan B, 3.98%, 7/30/14</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,077</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,057,275</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Styron Sarl LLC, Term Loan B, 8.00%, 8/02/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
268</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
249,927</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Tronox, Inc.:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Delayed Draw Term Loan, 4.25%, 2/08/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
167</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
166,740</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan B, 4.25%, 2/08/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
613</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
611,380</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Univar, Inc., Term Loan B, 5.00%, 6/30/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
633</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
629,453</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
8,094,676</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Commercial Services &amp; Supplies &#151; 5.5%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
ACCO Brands Corp., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.25%, 4/30/19</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
905</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
904,699</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Altegrity, Inc. (FKA US Investigations</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Services, Inc.), Tranche D Term Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
7.75%, 2/20/15</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
713</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
709,327</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
ARAMARK Corp.:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Extended Term Loan B, 3.48%, 7/26/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
148</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
147,531</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Extended Term Loan C,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD STYLE="text-align: left; text-indent: 18.97pt">
3.48%&#150;3.71%, 7/26/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
86</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
85,666</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Letter of Credit, 3.50%, 7/26/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
10</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
9,702</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Letter of Credit Facility, 3.50%, 7/26/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
7</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
6,901</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
AWAS Finance Luxembourg 2012 SA, Term</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Loan, 5.75%, 7/16/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
320</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
320,000</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
AWAS Finance Luxembourg Sarl, Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.25%, 6/10/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
395</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
394,586</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Delos Aircraft, Inc., Term Loan B2,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.75%, 4/12/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
925</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
934,250</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
KAR Auction Services, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.00%, 5/19/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,236</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,235,797</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Protection One, Inc., Term Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.75%, 3/21/19</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
594</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
599,448</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Synagro Technologies, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
2.24%, 4/02/14</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
632</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
560,779</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Volume Services America, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
10.50%&#150;10.75%, 9/16/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
491</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
491,250</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
West Corp., Term Loan B6, 5.75%, 6/29/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
945</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
947,958</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
7,347,894</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Communications Equipment &#151; 2.9%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Avaya, Inc.:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Extended Term Loan B3, 4.93%, 10/26/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
133</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
118,890</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan B1, 3.18%, 10/24/14</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
849</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
815,319</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
CommScope, Inc., Term Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.25%, 1/12/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
765</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
764,232</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Zayo Group, LLC, Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
7.13%, 7/02/19</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,195</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
2,227,244</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
3,925,685</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Construction &amp; Engineering &#151; 0.9%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
BakerCorp. International, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.75%, 6/01/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
431</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
428,820</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Safway Services LLC, First Out Term Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
9.00%, 12/16/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
800</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
800,000</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,228,820</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Construction Materials &#151; 2.0%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
HD Supply, Inc., Senior Debt B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 5.98pt">
7.25%, 10/12/17</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
2,620</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
2,676,775</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Consumer Finance &#151; 0.8%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Springleaf Financial Funding Co.(FKA AGFS</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 5.98pt">
Funding Co.), Term Loan, 5.50%, 5/10/17</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
1,115</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,076,811</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<DIV align="left">
<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial">
<TR valign="bottom">
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: center; padding-right: 12pt; vertical-align: bottom">
<B>Par</B></TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
<B>Floating Rate Loan Interests (b)</B></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid; padding-right: 12pt; vertical-align: bottom">
<B>(000)</B></TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-bottom: #000000 1px solid; text-indent: 15.73pt; vertical-align: bottom">
<B>Value</B></TD>
</TR>
<TR>
	<TD COLSPAN="5">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Containers &amp; Packaging &#151; 0.5%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Sealed Air Corp., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 5.98pt; width: 61%">
4.75%, 10/03/18</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; width: 10%; vertical-align: bottom">
USD</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt; width: 13%">
645</TD>
	<TD STYLE="text-align: left; width: 4%; border-bottom: #000000 1px solid">&#36; </TD>
 <TD STYLE="text-align: right; width: 10%; border-bottom: #000000 1px solid">647,993</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Diversified Consumer Services &#151; 3.3%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Coinmach Service Corp., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
3.33%, 11/20/14</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,204</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,155,088</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Education Management LLC, Term Loan C3,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
8.25%, 3/29/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
324</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
285,226</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Laureate Education, Inc., Extended Term Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.25%, 6/18/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,069</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,042,565</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
ServiceMaster Co.:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Delayed Draw Term Loan, 2.74%, 7/24/14</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
115</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
114,149</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan, 2.75%&#150;2.97%, 7/24/14</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,154</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,146,283</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Weight Watchers International, Inc.,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Term Loan F, 4.00%, 3/15/19</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
633</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
625,362</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
4,368,673</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Diversified Financial Services &#151; 1.9%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Residential Capital LLC:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
DIP Term Loan A1, 5.00%, 11/18/13</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
615</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
616,538</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
DIP Term Loan A2, 6.75%, 11/18/13</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
90</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
91,050</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Reynolds Group Holdings, Inc.:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan B, 6.50%, 2/09/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
562</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
564,902</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan C, 6.50%, 8/09/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,205</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,220,163</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
2,492,653</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Diversified Telecommunication Services &#151; 5.4%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Hawaiian Telcom Communications, Inc.,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Term Loan B, 7.00%, 2/28/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,105</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,118,812</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Integra Telecom Holdings, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
9.25%, 4/15/15</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
809</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
796,373</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Level 3 Financing, Inc.:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
2016 Term Loan B, 4.75%, 2/01/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
780</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
781,560</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
2019 Term Loan B, 5.25%, 8/01/19</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
635</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
635,927</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan B2, 5.75%, 9/03/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,675</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,679,422</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan B3, 5.75%, 8/31/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
750</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
751,980</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Telesat LLC, Term Loan B, 4.25%, 3/28/19</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
785</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
783,163</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
US Telepacific Corp., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.75%, 2/23/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
742</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
708,450</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
7,255,687</TD>
</TR>
<TR valign="bottom">
	<TD COLSPAN="2" STYLE="text-align: left">
<B><FONT color="#0000cc">Electronic Equipment, Instruments &amp; Components &#151; 0.9%</FONT></B></TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
CDW LLC, Extended Term Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.00%, 7/14/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
543</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
536,113</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Flextronics International Ltd. Delay Draw:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan A-2, 2.48%, 10/01/14</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
20</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
20,202</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan A-3, 2.48%, 10/01/14</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
24</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
23,568</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Sensata Technologies Finance Co. LLC,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Term Loan, 4.00%, 5/11/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
642</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
642,323</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,222,206</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Energy Equipment &amp; Services &#151; 2.9%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Dynegy Midwest Generation LLC, Coal Co.</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Term Loan, 9.25%, 8/04/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
482</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
499,999</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Dynegy Power LLC, Gas Co. Term Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
9.25%, 8/04/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
610</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
638,255</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
MEG Energy Corp., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.00%, 3/16/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,588</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,589,794</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Tervita Corp.:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Incremental Term Loan, 6.50%, 10/17/14</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
368</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
367,844</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan B, (FKA CCS Corp.),</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD STYLE="text-align: left; text-indent: 18.97pt">
3.23%, 11/14/14</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
792</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
777,270</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
3,873,162</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Food &amp; Staples Retailing &#151; 1.7%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
AB Acquisitions UK Topco 2, Term Loan B1,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
3.52%, 7/09/15</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
GBP</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
750</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,123,901</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Pilot Travel Centers LLC, Term Loan B2,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.25%, 8/07/19</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
510</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
511,275</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: left;">
See Notes to Financial Statements.</P>
</DIV>

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<DIV align="left">
<TABLE border=0 style="width:100%" cellspacing=0 cellpadding=0 style="font-family: 'Arial';font-size: 10pt;">
<TR valign="bottom">
<TD NOWRAP STYLE="text-align: left; font-size: 14pt; border-top: rgb(57,76,165) 4pt solid">
<FONT color="#0000cc">Consolidated Schedule of Investments (continued)</FONT></TD>
<TD NOWRAP STYLE="border-top: rgb(57,75,165) 4pt solid; text-align: right; vertical-align: bottom; font-size: 8pt; color: #0000cc"><FONT STYLE="font-size: 7pt; color: #0000cc"><B>BlackRock
Diversified Income Strategies Fund, Inc. (DVF)</B></FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
<TD STYLE="text-align: right; vertical-align: bottom; font-size: 8pt; color: #0000cc"><FONT STYLE="font-size: 7pt; color: #0000cc"><B>(Percentages
shown are based on Net Assets)</B></FONT></TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<DIV align="left">
<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial">
<TR valign="bottom">
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: center; padding-right: 12pt; vertical-align: bottom">
<B>Par</B></TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
<B>Floating Rate Loan Interests (b)</B></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid; padding-right: 12pt; vertical-align: bottom">
<B>(000)</B></TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-bottom: #000000 1px solid; text-indent: 15.72pt; vertical-align: bottom">
<B>Value</B></TD>
</TR>
<TR>
	<TD COLSPAN="5">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Food &amp; Staples Retailing (concluded)</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
US Foods, Inc. (FKA U.S. Foodservice, Inc.),</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt; width: 61%">
Extended Term Loan B, 5.75%, 3/31/17</TD>
	<TD STYLE="text-align: left; width: 10%">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt; width: 13%">
661</TD>
	<TD STYLE="text-align: left; width: 4%; border-bottom: #000000 1px solid">&#36; </TD>
 <TD STYLE="text-align: right; width: 10%; border-bottom: #000000 1px solid">638,416</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
2,273,592</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Food Products &#151; 3.0%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Advance Pierre Foods:</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan (First Lien), 7.00%, 9/30/16</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
824</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
827,822</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan (Second Lien),</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD STYLE="text-align: left; text-indent: 18.97pt">
11.25%, 9/29/17</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
550</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
553,300</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Del Monte Foods Co., Term Loan,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.50%, 3/08/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,130</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,114,339</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Michael Foods Group, Inc., Term Loan,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.25%, 2/23/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
162</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
161,885</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Pinnacle Foods Finance LLC:</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Extended Term Loan B, 3.75%, 10/03/16</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
45</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
44,150</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan E, 4.75%, 10/17/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
547</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
544,600</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Solvest Ltd. (Dole):</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan B-2, 5.00%&#150;6.00%, 7/06/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
265</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
265,347</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan C-2, 5.00%&#150;6.00%, 7/06/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
474</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
474,833</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
3,986,276</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Health Care Equipment &amp; Supplies &#151; 5.2%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Bausch &amp; Lomb, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.25%, 5/17/19</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,405</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,409,679</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Biomet, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
3.23%&#150;3.47%, 3/25/15</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
193</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
192,468</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
BSN Medical Acquisition Holding GmbH,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Term Loan B, 6.00%, 7/27/19</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
405</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
406,013</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
DJO Finance LLC:</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Extended Term Loan B2, 5.23%, 11/01/16</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
199</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
198,765</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan B3, 6.25%, 9/15/17</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,117</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,118,127</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Hologic, Inc., Term Loan B, 4.50%, 8/01/19</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,850</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,861,230</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Hupah Finance, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
6.25%, 1/21/19</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
379</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
380,471</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Iasis Healthcare LLC, Term Loan,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.00%, 5/03/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
368</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
361,693</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Immucor, Inc., Term Loan B, 7.25%, 8/17/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
868</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
871,694</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
LHP Hospital Group, Inc., Term Loan,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
9.00%, 7/03/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
225</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
226,688</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
7,026,828</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Health Care Providers &amp; Services &#151; 4.7%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Community Health Systems, Inc., Extended</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Term Loan B, 3.92%&#150;3.96%, 1/25/17</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
35</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
35,363</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
ConvaTec, Inc., Term Loan, 5.75%, 12/22/16</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
581</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
581,894</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
DaVita, Inc.:</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan B, 4.50%, 10/20/16</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
917</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
919,637</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan B2, 4.00%, 9/02/19</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
660</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
656,806</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Emergency Medical Services Corp., Term Loan,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.25%, 5/25/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
695</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
694,246</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Harden Healthcare LLC:</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Add on Term Loan A, 7.75%, 3/02/15</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
469</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
454,188</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan A, 8.50%, 3/02/15</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
294</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
288,005</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
HCA, Inc.:</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Extended Term Loan B3, 3.48%, 5/01/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
354</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
347,982</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Tranche B-2 Term Loan, 3.71%, 3/31/17</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
57</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
55,927</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
inVentiv Health, Inc.:</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Combined Term Loan, 6.50%, 8/04/16</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
277</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
257,959</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Incremental Term Loan B-3,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD STYLE="text-align: left; text-indent: 18.97pt">
6.75%, 5/15/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
540</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
503,444</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Medpace, Inc., Term Loan,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
6.50%&#150;7.25%, 6/16/17</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
574</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
548,597</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Sheridan Holdings, Inc., First Lien Term Loan,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
6.00%, 6/29/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
315</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
315,262</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
US Renal Care, Inc., First Lien Term Loan,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
6.25%&#150;7.25%, 7/02/19</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
545</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
549,088</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<DIV align="left">
<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial">
<TR valign="bottom">
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: center; padding-right: 12pt; vertical-align: bottom">
<B>Par</B></TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
<B>Floating Rate Loan Interests (b)</B></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid; padding-right: 12pt; vertical-align: bottom">
<B>(000)</B></TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-bottom: #000000 1px solid; text-indent: 15.73pt; vertical-align: bottom">
<B>Value</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Health Care Providers &amp; Services (concluded)</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Vanguard Health Holding Co. II LLC (Vanguard</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Health Systems, Inc.), Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt; width: 61%">
5.00%, 1/29/16</TD>
	<TD STYLE="text-align: left; width: 10%">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt; width: 13%">
65</TD>
	<TD STYLE="text-align: left; width: 4%; border-bottom: #000000 1px solid">&#36; </TD>
 <TD STYLE="text-align: right; width: 10%; border-bottom: #000000 1px solid">64,796</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
6,273,194</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Health Care Technology &#151; 1.4%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
IMS Health, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.50%, 8/25/17</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
580</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
582,072</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Kinetic Concepts, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
7.00%, 5/04/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
971</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
978,898</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
MedAssets, Inc., Term Loan, 5.25%, 11/16/16</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
341</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
342,200</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,903,170</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Hotels, Restaurants &amp; Leisure &#151; 7.0%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Alpha D2 Ltd., Term Loan B, 5.75%, 4/28/17</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
658</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
661,773</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Ameristar Casinos, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.00%, 4/16/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
588</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
588,775</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Boyd Gaming Corp., Incremental Term Loan,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
6.00%, 12/17/15</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
414</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
417,707</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Caesars Entertainment Operating Co., Inc.:</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Extended Term Loan B6, 5.49%, 1/26/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
100</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
87,906</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Incremental Term Loan B4,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD STYLE="text-align: left; text-indent: 18.97pt">
9.50%, 10/31/16</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
634</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
646,057</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan B1, 3.24%, 1/28/15</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
3</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
3,238</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan B3, 3.24%&#150;3.46%, 1/28/15</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,543</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
2,411,538</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
DineEquity, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.25%&#150;5.25%, 10/19/17</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
37</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
37,170</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Dunkin&#146; Brands, Inc., Term Loan B2,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.00%, 11/23/17</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,180</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,167,023</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Golden Living, Term Loan, 5.00%, 5/04/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
152</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
144,894</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
OSI Restaurant Partners LLC:</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Revolver, 2.49%&#150;4.50%, 6/14/13</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
4</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
4,454</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan B, 2.56%, 6/14/14</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
45</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
44,893</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Sabre, Inc., Non-Extended Initial Term Loan,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
2.23%, 9/30/14</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
156</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
154,256</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
SeaWorld Parks &amp; Entertainment, Inc. (FKA SW</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Acquisitions Co., Inc.), Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.00%, 8/17/17</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
465</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
465,322</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Six Flags Theme Parks, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.25%, 12/20/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
735</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
736,720</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Station Casinos, Inc., Term Loan B1,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
3.23%, 6/17/16</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
413</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
392,691</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Twin River Worldwide Holdings, Inc., Term Loan,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
8.50%, 11/05/15</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
340</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
340,688</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Wendy&#146;s International, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.75%, 5/15/19</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,135</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,140,062</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
9,445,167</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Household Products &#151; 0.5%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Prestige Brands, Inc., Term Loan,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 5.98pt">
5.25%&#150;6.25%, 1/31/19</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
621</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
625,386</TD>
</TR>
<TR valign="bottom">
	<TD COLSPAN="2" STYLE="text-align: left">
<B><FONT color="#0000cc">Independent Power Producers &amp; Energy Traders &#151; 1.0%</FONT></B></TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
The AES Corp., Term Loan, 4.25%, 6/01/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
988</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
989,969</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Calpine Corp., Term Loan B, 4.50%, 4/02/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
225</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
225,310</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
GenOn Energy, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
6.00%, 12/01/17</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
135</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
135,965</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,351,244</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Industrial Conglomerates &#151; 1.9%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Sequa Corp.:</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Incremental Term Loan, 6.25%, 12/03/14</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
209</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
209,197</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan, 3.69%&#150;3.72%, 12/03/14</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,387</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
2,370,212</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
2,579,409</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Insurance &#151; 0.8%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Asurion LLC, Term Loan (First Lien),</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.50%, 5/24/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
318</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
318,384</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: left;">
See Notes to Financial Statements.</P>
</DIV>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<DIV align="left">
<TABLE border=0 style="width:100%" cellspacing=0 cellpadding=0 style="font-family: 'Arial';font-size: 10pt;">
<TR valign="bottom">
<TD NOWRAP STYLE="text-align: left; font-size: 14pt; border-top: rgb(57,76,165) 4pt solid">
<FONT color="#0000cc">Consolidated Schedule of Investments (continued)</FONT></TD>
<TD NOWRAP STYLE="border-top: rgb(57,75,165) 4pt solid; text-align: right; vertical-align: bottom; font-size: 8pt; color: #0000cc"><FONT STYLE="font-size: 7pt; color: #0000cc"><B>BlackRock
Diversified Income Strategies Fund, Inc. (DVF)</B></FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
<TD NOWRAP STYLE="text-align: right; vertical-align: bottom; font-size: 8pt; color: #0000cc"><FONT STYLE="font-size: 7pt; color: #0000cc"><B>(Percentages
shown are based on Net Assets)</B></FONT></TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<DIV align="left">
<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial">
<TR valign="bottom">
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: center; padding-right: 12pt; vertical-align: bottom">
<B>Par</B></TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
<B>Floating Rate Loan Interests (b)</B></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid; padding-right: 12pt; vertical-align: bottom">
<B>(000)</B></TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-bottom: #000000 1px solid; text-indent: 15.73pt; vertical-align: bottom">
<B>Value</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Insurance (concluded)</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
CNO Financial Group, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt; width: 61%">
6.25%, 9/30/16</TD>
	<TD STYLE="text-align: left; width: 10%; vertical-align: bottom">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt; width: 13%">
716</TD>
	<TD STYLE="text-align: left; width: 4%; border-bottom: #000000 1px solid">&#36; </TD>
 <TD STYLE="text-align: right; width: 10%; border-bottom: #000000 1px solid">717,687</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,036,071</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Internet Software &amp; Services &#151; 0.4%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Web.com Group, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 5.98pt">
7.00%, 10/27/17</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
557</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
554,189</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">IT Services &#151; 5.4%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Ceridian Corp., Extended Term Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.99%, 5/09/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
737</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
736,354</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
First Data Corp.:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Extended 2018 Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD STYLE="text-align: left; text-indent: 18.97pt">
4.24%, 3/23/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
3,059</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
2,888,604</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Non-Extended Term Loan B-1,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD STYLE="text-align: left; text-indent: 18.97pt">
2.99%, 9/24/14</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
139</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
137,101</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Non-Extended Term Loan B-3,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD STYLE="text-align: left; text-indent: 18.97pt">
2.99%, 9/24/14</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
46</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
44,978</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Genpact International, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.25%, 8/16/19</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
805</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
805,000</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
InfoGroup, Inc., Term Loan, 5.75%, 5/25/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
345</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
305,143</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
iPayment, Inc., Term Loan B, 5.75%, 5/08/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
330</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
330,500</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Neustar, Inc., Term Loan B, 5.00%, 11/08/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
432</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
433,896</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
SunGard Data Systems, Inc. (Solar Capital</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Corp.), Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
3.86%&#150;4.06%, 2/26/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
150</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
149,788</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
TransUnion LLC, Term Loan B, 5.50%, 2/12/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,450</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,459,344</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
7,290,708</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Leisure Equipment &amp; Products &#151; 1.2%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Eastman Kodak Co., DIP Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
8.50%, 7/19/13</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
541</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
536,621</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
EB Sports Corp., Term Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
11.50%, 12/31/15</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
562</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
551,026</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
FGI Operating Company, LLC, Term Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.50%&#150;6.50%, 4/19/19</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
510</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
511,596</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,599,243</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Machinery &#151; 2.9%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Intelligrated, Inc., First Lien Term Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
6.75%, 7/30/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
500</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
495,000</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Navistar International Corp., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
7.00%, 8/17/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
461</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
462,794</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Rexnord Corp., Term Loan B, 5.00%, 4/02/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
348</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
349,618</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Terex Corp.:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan, 6.00%, 4/28/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
EUR</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
65</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
80,738</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan B, 5.50%, 4/28/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
636</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
638,726</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Tomkins LLC, Term Loan B, 4.25%, 9/29/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,287</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,290,282</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Wabash National Corp., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
6.00%, 5/02/19</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
579</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
582,166</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
3,899,324</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Media &#151; 16.3%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Acosta, Inc., Term Loan B, 5.75%, 3/01/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
246</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
246,591</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Affinion Group, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.00%, 7/16/15</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
268</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
227,587</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
AMC Entertainment, Inc., Term Loan B3,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.25%, 2/22/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
348</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
348,598</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
AMC Networks, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.00%, 12/31/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
792</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
791,509</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Atlantic Broadband Finance LLC, 1st Lien Term</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Loan, 5.25%, 4/04/19</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
485</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
485,456</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
BBHI Acquisition LLC (FKA Bresnan</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Telecommunications Co. LLC), Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.50%, 12/14/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,172</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,175,306</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Capsugel Holdings US, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.75%, 8/01/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
602</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
603,227</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Catalina Marketing Corp., Extended Term Loan</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
B, 5.73%, 9/29/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
567</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
559,456</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<DIV align="left">
<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial">
<TR valign="bottom">
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: center; padding-right: 12pt; vertical-align: bottom">
<B>Par</B></TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
<B>Floating Rate Loan Interests (b)</B></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid; padding-right: 12pt; vertical-align: bottom">
<B>(000)</B></TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-bottom: #000000 1px solid; text-indent: 15.73pt; vertical-align: bottom">
<B>Value</B></TD>
</TR>
<TR>
	<TD COLSPAN="5">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Media (concluded)</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Cengage Learning Acquisitions, Inc.:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt; width: 61%">
Non-Extended Term Loan, 2.49%, 7/03/14</TD>
	<TD STYLE="text-align: left; width: 10%; vertical-align: bottom">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt; width: 13%">
74</TD>
	<TD STYLE="text-align: left; width: 4%">&#36; </TD>
 <TD STYLE="text-align: right; width: 10%">68,305</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Tranche 1 Incremental, 7.50%, 7/03/14</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
475</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
457,100</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Charter Communications Operating LLC:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Extended Term Loan C, 3.49%, 9/06/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
788</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
785,815</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan D, 4.00%, 5/15/19</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
307</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
306,475</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Clarke American Corp., Term Facility B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
2.73%&#150;2.96%, 6/30/14</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
65</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
57,849</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Clear Channel Communications, Inc.:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan B, 3.88%, 1/28/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,060</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
821,193</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan C, 3.88%, 1/28/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
167</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
127,277</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Cumulus Media, Inc., First Lien Term Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.75%, 9/17/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
547</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
548,008</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
EMI Music Publishing Ltd., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.50%, 6/29/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
475</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
478,206</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Gray Television, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
3.75%, 12/31/14</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
677</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
672,944</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Houghton Mifflin Harcourt Publishing Co.,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
DIP Term Loan B, 7.25%, 6/01/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
459</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
464,012</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Hubbard Broadcasting, Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.25%, 4/28/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
438</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
438,970</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Intelsat Jackson Holdings SA (FKA Intelsat</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Jackson Holdings Ltd.), Tranche B Term Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.25%, 4/02/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,698</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
2,706,938</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Interactive Data Corp., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.50%, 2/12/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,411</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,412,810</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Kabel Deutschland GmbH, Term Loan F,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.25%, 2/01/19</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
810</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
808,534</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Lavena Holding 4 GmbH (Prosiebensat.1</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Media AG), Term Loan B, 2.95%, 3/06/15</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
EUR</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
304</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
349,790</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
LIN Television Corp., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.00%, 12/21/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
343</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
345,208</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Newsday LLC, Fixed Rate Term Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
10.50%, 8/01/13</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,000</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
2,010,840</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Nielsen Finance LLC, Class B Term Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
3.99%, 5/02/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
671</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
673,338</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Sinclair Television Group, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.00%, 10/28/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
590</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
589,907</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Univision Communications, Inc., Extended</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Term Loan, 4.48%, 3/31/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
912</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
881,739</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
UPC Broadband Holding BV, Term Loan U,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.15%, 12/29/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
EUR</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
209</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
261,735</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
UPC Financing Partnership:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan, 4.75%, 12/29/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
415</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
416,212</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan T, 3.75%, 12/30/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
88</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
87,512</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
WC Luxco Sarl, Term Loan B3,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.25%, 3/15/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
185</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
184,085</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Weather Channel, Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.25%, 2/13/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
890</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
892,566</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
WideOpenWest Finance LLC, First Lien Term</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Loan, 6.25%, 7/17/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
545</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
544,662</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
21,829,760</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Metals &amp; Mining &#151; 2.6%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Constellium Holdco BV, Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
9.25%, 5/25/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
545</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
534,100</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Novelis, Inc., Term Loan, 4.00%, 3/10/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,218</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,210,759</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
SunCoke Energy, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.00%, 7/26/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
446</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
443,273</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Walter Energy, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.00%, 4/02/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,334</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,311,097</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
3,499,229</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Multiline Retail &#151; 2.2%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
99&#162; Only Stores, Term Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.25%, 1/11/19</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
547</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
550,324</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Dollar General Corp., Tranche B-2 Term Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
2.98%, 7/07/14</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
270</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
270,766</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: left;">
See Notes to Financial Statements.</P>
</DIV>

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<DIV align="left">
<TABLE border=0 style="width:100%" cellspacing=0 cellpadding=0 style="font-family: 'Arial';font-size: 10pt;">
<TR valign="bottom">
<TD NOWRAP STYLE="text-align: left; font-size: 14pt; border-top: rgb(57,76,165) 4pt solid">
<FONT color="#0000cc">Consolidated Schedule of Investments (continued)</FONT></TD>
<TD NOWRAP STYLE="border-top: rgb(57,75,165) 4pt solid; text-align: right; vertical-align: bottom; font-size: 8pt; color: #0000cc"><FONT STYLE="font-size: 7pt; color: #0000cc"><B>BlackRock
Diversified Income Strategies Fund, Inc. (DVF)</B></FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
<TD NOWRAP STYLE="text-align: right; vertical-align: bottom; font-size: 8pt; color: #0000cc"><FONT STYLE="font-size: 7pt; color: #0000cc"><B>(Percentages
shown are based on Net Assets)</B></FONT></TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<DIV align="left">
<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial">
<TR valign="bottom">
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: center; padding-right: 12pt; vertical-align: bottom">
<B>Par</B></TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
<B>Floating Rate Loan Interests (b)</B></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid; padding-right: 12pt; vertical-align: bottom">
<B>(000)</B></TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-bottom: #000000 1px solid; text-indent: 15.73pt; vertical-align: bottom">
<B>Value</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Multiline Retail (concluded)</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Hema Holding BV, Second Lien Term Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt; width: 61%">
5.14%, 1/05/17</TD>
	<TD STYLE="text-align: left; width: 10%; vertical-align: bottom">
EUR</TD>
	<TD STYLE="text-align: right; padding-right: 12pt; width: 13%">
1,400</TD>
	<TD STYLE="text-align: left; width: 4%">&#36; </TD>
 <TD STYLE="text-align: right; width: 10%">1,650,862</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
The Neiman Marcus Group, Inc., Term Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.75%, 5/16/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
455</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
455,000</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
2,926,952</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Oil, Gas &amp; Consumable Fuels &#151; 2.3%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Chesapeake Energy Corp., Unsecured Term</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Loan, 8.50%, 12/01/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
975</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
977,096</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Everest Acquisition LLC, Term Loan B1,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
6.50%, 4/24/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
695</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
696,738</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Gibson Energy ULC, Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.75%, 6/15/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
787</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
789,603</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Obsidian Natural Gas Trust, Term Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
7.00%, 11/02/15</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
581</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
580,608</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
3,044,045</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Paper &amp; Forest Products &#151; 0.3%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Ainsworth Lumber Co. Ltd., Term Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.25%, 6/26/14</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
185</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
178,988</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
NewPage Corp., DIP Term Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
8.00%, 3/07/13</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
200</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
201,876</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
380,864</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Pharmaceuticals &#151; 4.1%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Aptalis Pharma, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.50%, 2/10/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,169</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,164,865</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Pharmaceutical Product Development, Inc.,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Term Loan B, 6.25%, 12/05/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,473</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,489,526</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Quintiles Transnational Corp., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.00%, 6/08/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
683</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
684,384</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
RPI Finance Trust:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Incremental Tranche 2, 4.00%, 11/09/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
95</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
94,862</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan Tranche 2, 4.00%, 5/09/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
494</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
494,517</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Valeant Pharmaceuticals International, Inc.:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Add-On Term Loan B, 4.75%, 2/13/19</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
623</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
624,358</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Series A Tranche B, 4.75%, 2/13/19</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
460</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
461,067</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Warner Chilcott Corp.:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Incremental Term Loan B-1,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD STYLE="text-align: left; text-indent: 18.97pt">
4.25%, 3/15/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
102</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
101,681</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan B-1, 4.25%, 3/15/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
269</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
267,760</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan B-2, 4.25%, 3/15/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
135</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
133,880</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
5,516,900</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Professional Services &#151; 1.8%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Booz Allen Hamilton, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.50%, 7/31/19</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
680</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
680,850</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Emdeon, Inc., Term Loan B1,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.00%, 11/02/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
861</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
861,678</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
ON Assignment, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.00%, 5/15/19</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
282</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
280,554</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Truven Health Analytics, Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
6.75%, 6/06/19</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
635</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
639,496</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
2,462,578</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Real Estate Investment Trusts (REITs) &#151; 0.8%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
<FONT color="#0000cc">iStar Financial, Inc.:</FONT></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan A1, 5.00%, 6/28/13</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,043</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,043,334</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan A2, 7.00%, 6/30/14</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
40</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
40,038</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,083,372</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Real Estate Management &amp; Development &#151; 1.4%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Realogy Corp.:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Extended Letter of Credit Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD STYLE="text-align: left; text-indent: 18.97pt">4.50%, 10/10/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
77</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
74,749</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Extended Synthetic Letter of Credit,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD STYLE="text-align: left; text-indent: 18.97pt">3.25%, 10/10/13</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
27</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
24,734</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Extended Term Loan, 4.49%, 10/10/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,823</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,760,245</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<DIV align="left">
<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial">
<TR valign="bottom">
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: center; padding-right: 12pt; vertical-align: bottom">
<B>Par</B></TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
<B>Floating Rate Loan Interests (b)</B></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid; padding-right: 12pt; vertical-align: bottom">
<B>(000)</B></TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-bottom: #000000 1px solid; text-indent: 15.73pt; vertical-align: bottom">
<B>Value</B></TD>
</TR>
<TR>
	<TD COLSPAN="5">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Real Estate Management &amp; Development (concluded)</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Stockbridge SBE Holdings LLC, Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt; width: 61%">
13.00%, 5/02/17</TD>
	<TD STYLE="text-align: left; width: 10%">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt; width: 13%">
90</TD>
	<TD STYLE="text-align: left; width: 4%; border-bottom: #000000 1px solid">&#36; </TD>
 <TD STYLE="text-align: right; width: 10%; border-bottom: #000000 1px solid">89,550</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,949,278</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Road &amp; Rail &#151; 0.7%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Avis Budget Car Rental LLC, Incremental Term</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Loan, 6.25%, 9/21/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
290</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
291,875</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
RailAmerica, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.00%, 3/01/19</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
464</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
463,550</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Road Infrastructure Investment LLC,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Term Loan B, 6.25%, 3/30/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
249</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
248,128</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,003,553</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Semiconductors &amp; Semiconductor Equipment &#151; 0.8%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Freescale Semiconductor, Inc., Extended Term</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Loan B, 4.50%, 12/01/16</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
810</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
777,469</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
NXP BV, Term Loan A-2, 5.50%, 3/03/17</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
357</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
360,838</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,138,307</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Software &#151; 3.7%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Blackboard, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
7.50%, 10/04/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
244</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
239,662</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Infor US, Inc. (FKA Lawson Software, Inc.),</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Term Loan B, 6.25%, 4/05/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,875</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,894,578</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Sophia, LP, Term Loan B, 6.25%, 7/19/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
683</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
688,925</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
SS&amp;C Technologies, Inc.:</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan B-1, 5.00%, 6/07/19</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
944</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
944,888</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan B-2, 5.00%, 6/07/19</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
98</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
97,747</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Vertafore, Inc., Term Loan B, 5.25%, 7/29/16</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
330</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
329,647</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
WaveDivision Holdings LLC, Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.50%, 8/23/19</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
740</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
742,760</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
4,938,207</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Specialty Retail &#151; 6.4%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Academy Ltd., Term Loan, 6.00%, 8/03/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
896</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
898,634</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Bass Pro Group LLC, Term Loan,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.25%, 6/13/17</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
594</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
598,667</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Burlington Coat Factory Warehouse Corp., Term</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Loan B1, 5.50%, 2/23/17</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
151</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
151,222</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Claire&#146;s Stores, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
2.98%&#150;3.20%, 5/29/14</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
848</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
832,446</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
General Nutrition Centers, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.25%, 3/02/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
920</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
918,703</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
The Gymboree Corp., Term Loan,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.00%, 2/23/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
132</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
127,346</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Harbor Freight Tools USA, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.50%, 11/14/17</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
485</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
484,316</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Jo-Ann Stores, Inc., Term Loan,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.75%, 3/16/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
275</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
275,060</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Michaels Stores, Inc.:</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Extended Term Loan B3, 5.00%, 7/29/16</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
223</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
223,620</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan B2, 5.00%, 7/29/16</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
671</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
673,944</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Party City Holdings, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.75%, 7/26/19</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
895</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
899,099</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
PETCO Animal Supplies, Inc., Term Loan,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.50%, 11/24/17</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,032</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,032,650</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Things Remembered, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
8.00%, 5/24/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
330</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
323,400</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Toys &#145;R&#146; Us Delaware, Inc.:</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Incremental Term Loan B2,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD STYLE="text-align: left; text-indent: 18.97pt">
5.25%, 5/25/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
198</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
189,231</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan, 6.00%, 9/01/16</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
267</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
261,680</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan B3, 5.25%, 5/25/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
100</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
95,760</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
The Yankee Candle Co., Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.25%, 4/02/19</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
673</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
675,925</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
8,661,703</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: left;">
See Notes to Financial Statements.</P>
</DIV>

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<A name="page_27"></A><BR>

<a name="_bclPageBorder27"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<DIV align="left">
<TABLE border=0 style="width:100%" cellspacing=0 cellpadding=0 style="font-family: 'Arial';font-size: 10pt;">
<TR valign="bottom">
<TD NOWRAP STYLE="text-align: left; font-size: 14pt; border-top: rgb(57,76,165) 4pt solid">
<FONT color="#0000cc">Consolidated Schedule of Investments (continued)</FONT></TD>
<TD NOWRAP STYLE="border-top: rgb(57,75,165) 4pt solid; text-align: right; vertical-align: bottom; font-size: 8pt; color: #0000cc"><FONT STYLE="font-size: 7pt; color: #0000cc"><B>BlackRock
Diversified Income Strategies Fund, Inc. (DVF)</B></FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
<TD NOWRAP STYLE="text-align: right; vertical-align: bottom; font-size: 8pt; color: #0000cc"><FONT STYLE="font-size: 7pt; color: #0000cc"><B>(Percentages
shown are based on Net Assets)</B></FONT></TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<DIV align="left">
<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial">
<TR valign="bottom">
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: center; padding-right: 12pt; vertical-align: bottom">
<B>Par</B></TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
<B>Floating Rate Loan Interests (b)</B></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid; padding-right: 12pt">
<B>(000)</B></TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-bottom: #000000 1px solid">
<B>Value</B></TD>
</TR>
<TR>
	<TD COLSPAN="5">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Textiles, Apparel &amp; Luxury Goods &#151; 1.2%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Ascend Performance Materials LLC,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt; width: 61%">
Term Loan B, 6.75%, 4/10/18</TD>
	<TD STYLE="text-align: left; width: 10%">
USD</TD>
	<TD STYLE="text-align: right; width: 13%; padding-right: 12pt; vertical-align: bottom">
973</TD>
	<TD STYLE="text-align: left; width: 4%; vertical-align: bottom">$</TD>
 <TD STYLE="text-align: right; width: 10%">963,644</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Wolverine Worldwide, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
6/26/19</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
610</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
613,800</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,577,444</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Wireless Telecommunication Services &#151; 1.8%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Crown Castle International Corp., Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.00%, 1/31/19</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
292</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
291,440</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
MetroPCS Wireless, Inc.:</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan B-3, 4.00%, 3/16/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
147</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
146,733</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Tranche B-2 Term Loan, 4.07%, 11/03/16</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
498</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
497,678</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Vodafone Americas Finance 2, Inc. (h):</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan, 6.88%, 8/11/15</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,211</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,259,443</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan B, 6.25%, 7/11/16</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
206</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
210,375</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
2,405,669</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid">
<B>Total Floating Rate Loan Interests &#151; 127.3%</B></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 2px solid">
171,050,270</TD>
</TR>
<TR>
	<TD COLSPAN="5">
&nbsp;</TD>
</TR>
<TR>
	<TD COLSPAN="5">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-top: rgb(57,76,165) 4pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: center; border-top: rgb(57,76,165) 4pt solid">&nbsp;<B></B></TD>
 <TD STYLE="text-align: center; padding-right: 12pt; vertical-align: bottom; border-top: rgb(57,76,165) 4pt solid"><B>Beneficial</B></TD>
	<TD COLSPAN="2" STYLE="text-align: center; vertical-align: bottom; border-top: rgb(57,76,165) 4pt solid">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: center; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: center; vertical-align: bottom"><B></B></TD>
 <TD STYLE="text-align: center; padding-right: 12pt; vertical-align: bottom"><B>Interest</B></TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
<B>Other Interests (i)</B></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid; padding-right: 12pt; vertical-align: bottom">
<B>(000)</B></TD>
	<TD COLSPAN="2" STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Auto Components &#151; 0.0%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
Intermet Liquidating Trust (d)</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
256</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
&#151;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Chemicals &#151; 0.0%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Wellman Holdings, Inc., Litigation Trust</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 5.98pt">
Certificate</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
3,000</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
30</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Diversified Financial Services &#151; 0.6%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
J.G. Wentworth LLC Preferred Equity</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 5.98pt">
Interests (d)</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 8pt">
&#151;(j)</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
728,708</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Hotels, Restaurants &amp; Leisure &#151; 0.0%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
Buffets, Inc. (d)</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
360</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
4</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Household Durables &#151; 1.2%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
Stanley Martin, Class B Membership Units (d)</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
1</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,633,649</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid">
<B>Total Other Interests &#151; 1.8%</B></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 2px solid">
2,362,391</TD>
</TR>
<TR>
	<TD COLSPAN="5">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: Black 1px solid; border-top: rgb(57,76,165) 4pt solid">
<B>Preferred Securities</B></TD>
	<TD STYLE="text-align: left; border-bottom: Black 1px solid; border-top: rgb(57,76,165) 4pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: Black 1px solid; padding-right: 12pt; border-top: rgb(57,76,165) 4pt solid">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left; border-bottom: Black 1px solid; border-top: rgb(57,76,165) 4pt solid">
&nbsp;</TD>
</TR>
<TR>
	<TD COLSPAN="5">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
<B>Preferred Stocks &#151; 0.1%</B></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid; padding-right: 12pt">
<B>Shares</B></TD>
	<TD COLSPAN="2" STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Diversified Financial Services &#151; 0.1%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid">
Ally Financial, Inc., 7.00% (a)</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 2px solid; padding-right: 12pt">
270</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 2px solid">
245,860</TD>
</TR>
<TR>
	<TD COLSPAN="5">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: Black 1px solid; border-top: rgb(57,76,165) 4pt solid">
<B>Trust Preferreds &#151; 0.1%</B></TD>
	<TD STYLE="text-align: left; border-bottom: Black 1px solid; border-top: rgb(57,76,165) 4pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: Black 1px solid; padding-right: 12pt; border-top: rgb(57,76,165) 4pt solid">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left; border-bottom: Black 1px solid; border-top: rgb(57,76,165) 4pt solid">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Diversified Financial Services &#151; 0.1%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
GMAC Capital Trust I, Series 2,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 5.98pt">
8.13%, 2/15/40 (b)</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
3,160</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
78,092</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
<B>Total Preferred Securities &#151; 0.2%</B></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
323,952</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<DIV align="left">
<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial">
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
<B>Warrants (k)</B></TD>

    <TD STYLE="text-align: left; border-bottom: #000000 1px solid">&nbsp;</TD><TD STYLE="text-align: center; border-bottom: #000000 1px solid; padding-right: 12pt">
<B>Shares</B></TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-bottom: #000000 1px solid">
<B>Value</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Software &#151; 0.0%</FONT></B></TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Bankruptcy Management Solutions, Inc.,</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Expires 9/28/17</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: right; padding-right: 12pt">
357</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
&#151;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
HMH Holdings/EduMedia (Issued/Exercisable</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
3/09/10, 19 Shares for 1 Warrant, Expires</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 5.98pt">
6/22/19, Strike Price &#36;42.27)</TD>

    <TD STYLE="text-align: left; border-bottom: #000000 1px solid">&nbsp;</TD><TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
591</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
&#151;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
<B>Total Warrants &#151; 0.0%</B></TD>

    <TD STYLE="text-align: left; border-bottom: #000000 1px solid">&nbsp;</TD><TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
&#151;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B>Total Long-Term Investments</B></TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid">
<B>(Cost &#151; &#36;202,231,745) &#151; 146.8%</B></TD>

    <TD STYLE="text-align: left; border-bottom: #000000 2px solid">&nbsp;</TD><TD STYLE="text-align: left; border-bottom: #000000 2px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD STYLE="border-bottom: #000000 2px solid; text-align: left; vertical-align: bottom">&#36;</TD>
 <TD STYLE="border-bottom: #000000 2px solid; text-align: right">197,226,759</TD>
</TR>
<TR>
	<TD COLSPAN="5">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: Black 1px solid; border-top: rgb(57,76,165) 4pt solid">
<B>Short-Term Securities</B></TD>

    <TD STYLE="text-align: left; border-bottom: Black 1px solid; border-top: rgb(57,76,165) 4pt solid">&nbsp;</TD><TD STYLE="text-align: left; border-bottom: Black 1px solid; padding-right: 12pt; border-top: rgb(57,76,165) 4pt solid">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left; border-bottom: Black 1px solid; border-top: rgb(57,76,165) 4pt solid">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
BlackRock Liquidity Funds, TempFund,</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 5.98pt">
Institutional Class, 0.15% (l)(m)</TD>

    <TD STYLE="text-align: left; border-bottom: #000000 1px solid">&nbsp;</TD><TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
1,177,221</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,177,221</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B>Total Short-Term Securities</B></TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid">
<B>(Cost &#151; &#36;1,177,221) &#151; 0.9%</B></TD>

    <TD STYLE="text-align: left; border-bottom: #000000 2px solid">&nbsp;</TD><TD STYLE="text-align: left; border-bottom: #000000 2px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 2px solid">
1,177,221</TD>
</TR>
<TR>
	<TD COLSPAN="5">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: Black 1px solid; border-top: rgb(57,76,165) 4pt solid">
<B>Options Purchased</B></TD>

    <TD STYLE="text-align: left; border-bottom: Black 1px solid; border-top: rgb(57,76,165) 4pt solid">&nbsp;</TD><TD STYLE="text-align: right; border-bottom: Black 1px solid; padding-right: 12pt; border-top: rgb(57,76,165) 4pt solid">
<B>Contracts</B></TD>
	<TD COLSPAN="2" STYLE="text-align: left; border-bottom: Black 1px solid; border-top: rgb(57,76,165) 4pt solid">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Over-the-Counter Call Options &#151; 0.0%</FONT></B></TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Marsico Parent Superholdco LLC, Strike Price</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
USD 942.86, Expires 12/14/19, Broker</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 5.98pt">
Goldman Sachs Group, Inc.</TD>

    <TD STYLE="text-align: left; border-bottom: #000000 1px solid">&nbsp;</TD><TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
13</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
&#151;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B>Total Options Purchased</B></TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 5.98pt">
<B>(Cost &#151; &#36;12,711) &#151; 0.0%</B></TD>

    <TD STYLE="text-align: left; border-bottom: #000000 1px solid">&nbsp;</TD><TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
&#151;</TD>
</TR>
<TR valign="bottom">
	<TD COLSPAN="3" STYLE="text-align: left">
<B>Total Investments (Cost &#151; &#36;203,421,677) &#151; 147.7%</B></TD>
	<TD COLSPAN="2" STYLE="text-align: right">
198,403,980</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B>Liabilities in Excess of Other Assets &#151; (47.7)%</B></TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
(64,072,066)</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; width: 61%">
<B>Net Assets &#151; 100.0%</B></TD>

    <TD STYLE="width: 10%">&nbsp;</TD><TD STYLE="text-align: left; padding-right: 12pt; width: 13%">
&nbsp;</TD>
	<TD STYLE="text-align: left; width: 4%; border-bottom: Black 2px solid; vertical-align: bottom">&#36;</TD>
 <TD STYLE="text-align: right; width: 10%; border-bottom: Black 2px solid">134,331,914</TD>
</TR>
<TR STYLE="vertical-align: bottom">
        <TD STYLE="text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="text-align: left; padding-right: 12pt; border-bottom: Black 1pt solid">&nbsp;</TD>
        <TD STYLE="text-align: left; border-bottom: Black 1pt solid; vertical-align: bottom">&nbsp;</TD>
 <TD STYLE="text-align: right; border-bottom: Black 1pt solid">&nbsp;</TD></TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 20pt; text-align: left">(a)</TD><TD>Security exempt from registration pursuant to Rule 144A under
the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional
investors.</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 20pt; text-align: left">(b)</TD><TD>Variable rate security. Rate shown is as of report date.</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 20pt; text-align: left">(c)</TD><TD>When-issued security. Unsettled when-issued transactions
were as follows:</TD>
</TR></TABLE>
<DIV align="left">
<TABLE border=0 style="width:100%" cellspacing=0 cellpadding=0 style="font-family: 'Arial';font-size: 10pt;">
<TR valign="bottom">
	<TD STYLE="text-align: left; border-top: Black 1pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; width: 34%; border-top: Black 1pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: center; width: 27%; border-top: Black 1pt solid">
<B>Unrealized</B></TD>
</TR>
<TR valign="bottom">
	<TD align=left width=38% style="border-bottom:1px solid #000000;">
<B>Counterparty</B></TD>
	<TD align=center width=34% style="border-bottom:1px solid #000000;">
<B>Value</B></TD>
	<TD align=center width=27% style="border-bottom:1px solid #000000;">
<B>Appreciation</B></TD>
</TR>
<TR valign="bottom">
	<TD align=left width=38% style="border-bottom:1px solid #000000;">
Credit Suisse Group AG</TD>
	<TD align=center width=34% style="border-bottom:1px solid #000000;">
&#36;323,050</TD>
	<TD align=center width=27% style="border-bottom:1px solid #000000;">
&#151;</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 20pt; text-align: left">(d)</TD><TD>Non-income producing security.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 20pt; text-align: left">(e)</TD><TD>Convertible security.</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 20pt; text-align: left">(f)</TD><TD>Represents a zero-coupon bond. Rate shown reflects the current
yield as of report date.</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 20pt; text-align: left">(g)</TD><TD>Issuer filed for bankruptcy and/or is in default of principal
and/or interest payments.</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 20pt; text-align: left">(h)</TD><TD>Represents a payment-in-kind security which may pay interest/dividends
in additional par/shares.</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 20pt; text-align: left">(i)</TD><TD>Other interests represent beneficial interests in liquidation
trusts and other reorganization or private entities.</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 20pt; text-align: left">(j)</TD><TD>Amount is less than &#36;500.</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 20pt; text-align: left">(k)</TD><TD>Warrants entitle the Fund to purchase a predetermined number
of shares of common stock and are non-income producing. The purchase price and number of shares are subject to adjustment under
certain conditions until the expiration date, if any.</TD>
</TR></TABLE>
<P style="text-align: left;">
See Notes to Financial Statements.</P>
</DIV>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->




<A name="page_28"></A><BR>

<a name="_bclPageBorder28"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<DIV align="left">
<TABLE border=0 style="width:100%" cellspacing=0 cellpadding=0 style="font-family: 'Arial';font-size: 10pt;">
<TR valign="bottom">
<TD NOWRAP STYLE="text-align: left; font-size: 14pt; border-top: rgb(57,76,165) 4pt solid">
<FONT color="#0000cc">Consolidated Schedule of Investments (continued)</FONT></TD>
<TD NOWRAP STYLE="border-top: rgb(57,75,165) 4pt solid; text-align: right; vertical-align: bottom; font-size: 8pt; color: #0000cc"><FONT STYLE="font-size: 7pt; color: #0000cc"><B>BlackRock
Diversified Income Strategies Fund, Inc. (DVF)</B></FONT></TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 20pt; text-align: left">(l)</TD><TD>Investments in issuers considered to be an affiliate of the
Fund during the year ended August 31, 2012, for purposes of Section 2(a)(3) of the 1940 Act, were as follows:</TD>
</TR></TABLE>
<DIV align="left">
<TABLE border=0 style="width:100%" cellspacing=0 cellpadding=0 style="font-family: 'Arial';font-size: 10pt;">
<TR valign="bottom">
	<TD STYLE="text-align: left; width: 26%; border-top: Black 1pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: center; width: 23%; border-top: Black 1pt solid">
<B>Shares Held at</B></TD>
	<TD STYLE="text-align: center; width: 15%; border-top: Black 1pt solid">
<B>Net</B></TD>
	<TD STYLE="text-align: center; width: 23%; border-top: Black 1pt solid">
<B>Shares Held at</B></TD>
	<TD STYLE="text-align: left; width: 10%; border-top: Black 1pt solid">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=26% style="border-bottom:1px solid #000000;">
<B>Affiliate</B></TD>
	<TD align=center width=23% style="border-bottom:1px solid #000000;">
<B>August 31, 2011</B></TD>
	<TD align=center width=15% style="border-bottom:1px solid #000000;">
<B>Activity</B></TD>
	<TD align=center width=23% style="border-bottom:1px solid #000000;">
<B>August 31, 2012</B></TD>
	<TD align=center width=10% style="border-bottom:1px solid #000000;">
<B>Income</B></TD>
</TR>
<TR valign="bottom">
	<TD align=left width=26%>
BlackRock Liquidity</TD>
	<TD align=left width=23%>
&nbsp;</TD>
	<TD align=left width=15%>
&nbsp;</TD>
	<TD align=left width=23%>
&nbsp;</TD>
	<TD align=left width=10%>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=26% style="TEXT-INDENT:5.986801pt">
Funds, TempFund,</TD>
	<TD align=left width=23%>
&nbsp;</TD>
	<TD align=left width=15%>
&nbsp;</TD>
	<TD align=left width=23%>
&nbsp;</TD>
	<TD align=left width=10%>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=26% style="border-bottom:1px solid #000000;" style="TEXT-INDENT:5.986801pt">
Institutional Class</TD>
	<TD align=center width=23% style="border-bottom:1px solid #000000;">
&#151;</TD>
	<TD align=center width=15% style="border-bottom:1px solid #000000;">
1,177,221</TD>
	<TD align=center width=23% style="border-bottom:1px solid #000000;">
1,177,221</TD>
	<TD align=center width=10% style="border-bottom:1px solid #000000;">
&#36;588</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: left;">
(m) Represents the current yield as of report date.</P>
<P style="text-align: left;">
&#149; Foreign currency exchange contracts as of August 31, 2012 were as follows:</P>
<DIV align="left">
<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial">
<TR valign="bottom">
	<TD COLSPAN="2" STYLE="text-align: left">
<B>Currency</B></TD>
	<TD COLSPAN="2" STYLE="text-align: center">
<B>Currency</B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: center">
<B>Settlement</B></TD>
	<TD COLSPAN="2" STYLE="text-align: center; vertical-align: bottom">
<B>Unrealized</B></TD>
</TR>
<TR valign="bottom">
	<TD COLSPAN="2" STYLE="text-align: left; border-bottom: #000000 1px solid">
<B>Purchased</B></TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-bottom: #000000 1px solid; vertical-align: bottom"><B>Sold</B></TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid">
<B>Counterparty</B></TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid">
<B>Date</B></TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-bottom: #000000 1px solid">
<B>Depreciation</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; width: 6%">
USD</TD>
	<TD STYLE="text-align: right; width: 15%">
62,671</TD>
	<TD STYLE="width: 7%; text-align: right; vertical-align: bottom">
GBP</TD>
	<TD STYLE="text-align: right; width: 15%">
40,000</TD>
	<TD STYLE="text-align: center; width: 19%">
Citigroup, Inc.</TD>
	<TD STYLE="text-align: center; width: 16%">
10/17/12</TD>
	<TD STYLE="text-align: left; width: 9%; vertical-align: bottom">&#36; </TD>
 <TD STYLE="text-align: right; width: 8%">(834)</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
USD</TD>
	<TD STYLE="text-align: right">
975,680</TD>
	<TD STYLE="text-align: right">
GBP</TD>
	<TD STYLE="text-align: right">
628,500</TD>
	<TD STYLE="text-align: center">
UBS AG</TD>
	<TD STYLE="text-align: center">
10/17/12</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
(22,138)</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
USD</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid">
2,900,716</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid">
EUR</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid">
2,366,000</TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid">
Citigroup, Inc.</TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid">
10/22/12</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
(76,773)</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B>Total</B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="border-bottom: Black 2px solid; text-align: left; vertical-align: bottom">&#36; </TD>
 <TD STYLE="border-bottom: Black 2px solid; text-align: right">(99,745)</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: left;">
&#149; Credit default swaps on traded indexes&#151;buy protection outstanding as of August 31, 2012 were as follows:</P>
<DIV align="left">
<TABLE border=0 style="width:100%" cellspacing=0 cellpadding=0 style="font-family: 'Arial';font-size: 10pt;">
<TR valign="bottom">
	<TD STYLE="text-align: left; width: 20%; border-top: Black 1pt solid">
<B>Index</B></TD>
	<TD STYLE="text-align: center; width: 10%; border-top: Black 1pt solid">
<B>Pay</B></TD>
	<TD STYLE="text-align: center; width: 18%; border-top: Black 1pt solid">
<B>Counterparty</B></TD>
	<TD STYLE="text-align: right; width: 15%; border-top: Black 1pt solid">
<B>Expiration</B></TD>
	<TD STYLE="text-align: center; width: 17%; border-top: Black 1pt solid">
<B>Notional</B></TD>
	<TD STYLE="text-align: center; width: 17%; border-top: Black 1pt solid">
<B>Unrealized</B></TD>
</TR>
<TR valign="bottom">
	<TD align=left width=20%>
&nbsp;</TD>
	<TD align=center width=10%>
<B>Fixed</B></TD>
	<TD align=left width=18%>
&nbsp;</TD>
	<TD align=center width=15%>
<B>Date</B></TD>
	<TD align=center width=17%>
<B>Amount</B></TD>
	<TD align=center width=17%>
<B>Depreciation</B></TD>
</TR>
<TR valign="bottom">
	<TD align=left width=20% style="border-bottom:1px solid #000000;">
&nbsp;</TD>
	<TD align=center width=10% style="border-bottom:1px solid #000000;">
<B>Rate</B></TD>
	<TD align=left width=18% style="border-bottom:1px solid #000000;">
&nbsp;</TD>
	<TD align=left width=15% style="border-bottom:1px solid #000000;">
&nbsp;</TD>
	<TD align=center width=17% style="border-bottom:1px solid #000000;">
<B>(000)</B></TD>
	<TD align=left width=17% style="border-bottom:1px solid #000000;">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=20% style="TEXT-INDENT:0.000793pt">
Dow Jones</TD>
	<TD align=center width=10%>
5.00%</TD>
	<TD align=center width=18%>
JPMorgan</TD>
	<TD align=right width=15%>
6/20/17</TD>
	<TD align=center width=17%>
USD 1,733</TD>
	<TD align=center width=17%>
&#36;(70,339)</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=20% style="TEXT-INDENT:5.987595pt">
CDX North</TD>
	<TD align=left width=10%>
&nbsp;</TD>
	<TD align=center width=18%>
Chase &amp; Co.</TD>
	<TD align=left width=15%>
&nbsp;</TD>
	<TD align=left width=17%>
&nbsp;</TD>
	<TD align=left width=17%>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=20% style="TEXT-INDENT:5.987595pt">
America High</TD>
	<TD align=left width=10%>
&nbsp;</TD>
	<TD align=left width=18%>
&nbsp;</TD>
	<TD align=left width=15%>
&nbsp;</TD>
	<TD align=left width=17%>
&nbsp;</TD>
	<TD align=left width=17%>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=20% style="TEXT-INDENT:5.987595pt">
Yield Index</TD>
	<TD align=left width=10%>
&nbsp;</TD>
	<TD align=left width=18%>
&nbsp;</TD>
	<TD align=left width=15%>
&nbsp;</TD>
	<TD align=left width=17%>
&nbsp;</TD>
	<TD align=left width=17%>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=20% style="TEXT-INDENT:5.987595pt">
Series 18,</TD>
	<TD align=left width=10%>
&nbsp;</TD>
	<TD align=left width=18%>
&nbsp;</TD>
	<TD align=left width=15%>
&nbsp;</TD>
	<TD align=left width=17%>
&nbsp;</TD>
	<TD align=left width=17%>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=20% style="border-bottom:1px solid #000000;" style="TEXT-INDENT:5.987595pt">
Version 2</TD>
	<TD align=left width=10% style="border-bottom:1px solid #000000;">
&nbsp;</TD>
	<TD align=left width=18% style="border-bottom:1px solid #000000;">
&nbsp;</TD>
	<TD align=left width=15% style="border-bottom:1px solid #000000;">
&nbsp;</TD>
	<TD align=left width=17% style="border-bottom:1px solid #000000;">
&nbsp;</TD>
	<TD align=left width=17% style="border-bottom:1px solid #000000;">
&nbsp;</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 20pt; text-align: left">&#149;</TD><TD>For Fund compliance purposes, the Fund&#146;s industry classifications
refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or rating group
indexes, and/or as defined by Fund management. These definitions may not apply for purposes of this report, which may combine
such industry sub-classifications for reporting ease.</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 20pt; text-align: left">&#149;</TD><TD>Fair Value Measurements &#151; Various inputs are used in
determining the fair value of investments and derivative financial instrument. These inputs to valuation techniques are categorized
into a disclosure hierarchy consisting of three broad levels for financial statement purposes as follows:</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20pt"></TD><TD STYLE="width: 20pt; text-align: left">&#149;</TD><TD>Level1&#151;unadjusted price quotations in active markets/exchanges
for identical assets and liabilities</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20pt"></TD><TD STYLE="width: 20pt; text-align: left">&#149;</TD><TD>Level 2 &#151; other observable inputs (including, but
not limited to: quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar
assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities
(such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other
market-corroborated inputs)</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20pt"></TD><TD STYLE="width: 20pt; text-align: left">&#149;</TD><TD>Level3&#151;unobservable inputs based on the best information
available in the circumstances, to the extent observable inputs are not available (including the Fund&#146;s own assumptions used
in determining the fair value of investments and derivative financial instrument)</TD>
</TR></TABLE>

<P STYLE="text-align: left">Changes in valuation techniques may result in transfers into or out of an assigned level within the disclosure hierarchy. In accordance with the Fund&#146;s policy, transfers between different levels of the fair value
disclosure hierarchy are deemed to have occurred as of the beginning of the reporting period. The categorization of a value determined for investments and derivative financial instrument is based on the pricing transparency of the investment and
derivative financial instrument and is not necessarily an indication of the risks associated with investing in those securities. For information about the Fund&#146;s policy regarding valuation of investments and derivative financial instruments and
other significant accounting policies, please refer to Note 1 of the Notes to Financial Statements.</P>
<P style="text-align: left;">
The following tables summarize the Fund&#146;s investments and derivative financial instrument categorized in the disclosure hierarchy as of August 31, 2012:</P>
<DIV align="left">
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid; border-top: Black 1pt solid">&nbsp;</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; border-top: Black 1pt solid">Level 1</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; border-top: Black 1pt solid">Level 2</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; border-top: Black 1pt solid">Level 3</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; border-top: Black 1pt solid">Total</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left">Assets:</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Investments:</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Long-Term Investments:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 5.98pt">Asset-Backed</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 40%; text-align: left; text-indent: 11.97pt">Securities</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">&mdash;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">&mdash;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">3,044,762</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">3,044,762</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 5.98pt">Common</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 11.97pt">Stocks</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">1,051,119</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">492,915</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,128,317</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,672,351</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 5.98pt">Corporate</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 11.97pt">Bonds</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">17,598,313</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">174,720</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">17,773,033</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 5.98pt">Floating</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 11.97pt">Rate Loan</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 11.97pt">Interests</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">159,237,029</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">11,813,241</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">171,050,270</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 5.98pt">Other Interests</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,362,391</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,362,391</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 5.98pt">Preferred</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 11.97pt">Securities.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">78,092</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">245,860</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">323,952</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Short-Term</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 5.98pt">Securities</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,177,221</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,177,221</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left">Total</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">2,306,432</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">177,574,117</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">18,523,431</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">198,403,980</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD></TR>
</TABLE>


<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="17">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid; border-top: Black 1pt solid">&nbsp;</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; border-top: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left; border-top: Black 1pt solid">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right; border-top: Black 1pt solid"><B>Level 1</B></TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left; border-top: Black 1pt solid">&nbsp;</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; border-top: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left; border-top: Black 1pt solid">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right; border-top: Black 1pt solid"><B>Level 2</B></TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left; border-top: Black 1pt solid">&nbsp;</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; border-top: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left; border-top: Black 1pt solid">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right; border-top: Black 1pt solid"><B>Level 3</B></TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left; border-top: Black 1pt solid">&nbsp;</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; border-top: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left; border-top: Black 1pt solid">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right; border-top: Black 1pt solid"><B>Total</B></TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left; border-top: Black 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Derivative Financial Instruments<SUP>1</SUP></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: 0pt">Liabilities:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 5.98pt">Foreign currency</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 11.97pt">exchange</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 40%; text-align: left; text-indent: 11.97pt">contracts</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">&mdash;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">(99,745</TD><TD STYLE="width: 1%; text-align: left">)</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">&mdash;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">(99,745</TD><TD STYLE="width: 1%; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 5.98pt">Credit</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 11.97pt">contracts</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(70,339</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">)</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(70,339</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: 0pt">Total</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">&mdash;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">(170,084</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">)</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">&mdash;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">(170,084</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">)</TD></TR>
</TABLE>

</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20pt"></TD><TD STYLE="width: 20pt; text-align: left"><SUP>1</SUP></TD><TD>Derivative financial instruments are swaps, financial
futures contracts, foreign currency exchange contracts and options. Swaps, financial futures contracts and foreign currency exchange
contracts are valued at the unrealized appreciation/depreciation on the instrument and options are shown at value.</TD>
</TR></TABLE>
<P style="text-align: left;">
Certain of the Fund&#146;s assets and liabilities are held at carrying amount, which approximates fair value for financial statement purposes. As of August 31, 2012 such assets and liabilities are categorized within the disclosure hierarchy as
follows:</P>
<DIV align="left">
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; border-bottom: Black 1pt solid; vertical-align: bottom; border-top: Black 1pt solid">&nbsp;</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; vertical-align: bottom; border-top: Black 1pt solid">Level 1</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; vertical-align: bottom; border-top: Black 1pt solid">Level 2</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; vertical-align: bottom; border-top: Black 1pt solid">Level 3</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; vertical-align: bottom; border-top: Black 1pt solid">Total</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left">Assets:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 40%; text-align: left; text-indent: 5.98pt">Cash</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">23,952</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">&mdash;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">&mdash;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">23,952</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 5.98pt">Foreign currency</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;at value</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">29,476</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">29,476</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left">Liabilities:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 5.98pt">Loan payable</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(60,000,000</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">)</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(60,000,000</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left">Total</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">53,428</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">(60,000,000</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">)</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">&mdash;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">(59,946,572</TD><TD STYLE="border-bottom: Black 2px solid; text-align: left">)</TD></TR>
</TABLE>

</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: left;">
There were no transfers between Level 1 and Level 2 during the year ended August 31, 2012.</P>
<P style="text-align: left;">
See Notes to Financial Statements.</P>
</DIV>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<DIV align="left">
<TABLE border=0 style="width:100%" cellspacing=0 cellpadding=0 style="font-family: 'Arial';font-size: 10pt;">
<TR valign="bottom">
<TD NOWRAP STYLE="text-align: left; font-size: 14pt; border-top: rgb(57,76,165) 4pt solid">
<FONT color="#0000cc">Consolidated Schedule of Investments (concluded)</FONT></TD>
<TD NOWRAP STYLE="border-top: rgb(57,75,165) 4pt solid; text-align: right; vertical-align: bottom; font-size: 8pt; color: #0000cc"><FONT STYLE="font-size: 7pt; color: #0000cc"><B>BlackRock
Diversified Income Strategies Fund, Inc. (DVF)</B></FONT></TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P STYLE="margin-top: 0; margin-bottom: 9pt; margin-left: 0; text-indent: 0">The following table summarizes the valuation techniques
used and unobservable inputs developed by the Global Valuation Committee to determine the value of certain of the Fund&#146;s
Level 3 investments as of August 31, 2012:</P>
<DIV align="left"><TABLE border=0 style="width:100%" cellspacing=0 cellpadding=0 style="font-family:
'Arial';font-size: 10pt;"> <TR valign="bottom"><TD STYLE="text-align: left; width: 26%; border-top: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left; width: 8%; border-top: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>

    <TD STYLE="width: 1%; border-top: Black 1pt solid">&nbsp;</TD><TD STYLE="text-align: left; width: 24%; border-top: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left; width: 16%; border-top: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: center; width: 13%; border-top: Black 1pt solid"><FONT STYLE="font-size: 8pt"><B>Range of</B></FONT></TD>
	<TD STYLE="text-align: center; width: 12%; border-top: Black 1pt solid"><FONT STYLE="font-size: 8pt"><B>Weighted Average of</B></FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt"><B>Value</B></FONT></TD>

    <TD STYLE="text-align: center; border-bottom: #000000 1px solid">&nbsp;</TD><TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 0pt"><FONT STYLE="font-size: 8pt"><B>Valuation
 Techniques</B></FONT></TD>
	<TD NOWRAP STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 0pt"><FONT STYLE="font-size: 8pt"><B>Unobservable
 Inputs <SUP>1</SUP></B></FONT></TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt"><B>Unobservable Inputs</B></FONT></TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt"><B>Unobservable Inputs <SUP>2</SUP></B></FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt"><FONT STYLE="font-size: 8pt"><B>Assets:</B></FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt"><FONT STYLE="font-size: 8pt">Common Stocks</FONT></TD>
	<TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&#36;1,128,312</FONT></TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; text-indent: 0pt"><FONT STYLE="font-size: 8pt">Market Comparable Companies</FONT></TD>
	<TD STYLE="text-align: left; text-indent: 0pt"><FONT STYLE="font-size: 8pt">EBITDA Multiple</FONT></TD>
	<TD STYLE="text-align: center"><FONT STYLE="font-size: 8pt">5.9x</FONT></TD>
	<TD STYLE="text-align: center"><FONT STYLE="font-size: 8pt">5.9x</FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left; text-indent: 0.01pt"><FONT STYLE="font-size: 8pt">Forward EBITDA Multiple</FONT></TD>
	<TD STYLE="text-align: center"><FONT STYLE="font-size: 8pt">4.6x</FONT></TD>
	<TD STYLE="text-align: center"><FONT STYLE="font-size: 8pt">4.6x</FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt"><FONT STYLE="font-size: 8pt">Floating Rate Loan Interests</FONT></TD>
	<TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1,542,193</FONT></TD>

    <TD>&nbsp;</TD><TD NOWRAP STYLE="text-align: left; text-indent: 0pt"><FONT STYLE="font-size: 8pt">Market Comparable Companies</FONT></TD>
	<TD STYLE="text-align: left; text-indent: 0pt"><FONT STYLE="font-size: 8pt">Yield</FONT></TD>
	<TD STYLE="text-align: center"><FONT STYLE="font-size: 8pt">9.65%</FONT></TD>
	<TD STYLE="text-align: center"><FONT STYLE="font-size: 8pt">9.65%</FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; text-indent: 0pt"><FONT STYLE="font-size: 8pt">Cost</FONT></TD>
	<TD STYLE="text-align: left; text-indent: 0.01pt"><FONT STYLE="font-size: 8pt">N/A <SUP>3</SUP></FONT></TD>
	<TD STYLE="text-align: center"><FONT STYLE="font-size: 8pt">&#151;</FONT></TD>
	<TD STYLE="text-align: center"><FONT STYLE="font-size: 8pt">&#151;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">Other Interests.</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">1,633,649</FONT></TD>

    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Market Comparable Companies</FONT></TD>
	<TD NOWRAP STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">Tangible Book Value Multiple</FONT></TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid; vertical-align: bottom"><FONT STYLE="font-size: 8pt">1.44x</FONT></TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid; vertical-align: bottom"><FONT STYLE="font-size: 8pt">1.44x</FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"><B>Total<SUP>4</SUP></B></FONT></TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid"><FONT STYLE="font-size: 8pt">&#36;4,304,154</FONT></TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20pt"></TD><TD STYLE="width: 20pt; text-align: left"><SUP>1</SUP></TD><TD>A change to the unobservable input may result in a significant
change to the value of the investment as follows:</TD>
</TR></TABLE>
<DIV align="left">
<TABLE border=0 style="width:100%" cellspacing=0 cellpadding=0 style="font-family: 'Arial';font-size: 10pt;">
<TR valign="bottom">
	<TD STYLE="text-align: left; border-top: Black 1pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: center; border-top: Black 1pt solid">
<B>Impact to</B></TD>
	<TD STYLE="text-align: center; width: 16%; border-top: Black 1pt solid">
<B>Impact to</B></TD>
</TR>
<TR valign="bottom">
	<TD align=left width=41% style="border-bottom:1px solid #000000;" style="TEXT-INDENT:0.000793pt">
<B>Unobservable Input</B></TD>
	<TD align=center width=41% style="border-bottom:1px solid #000000;">
<B>Value if Input Increases</B></TD>
	<TD NOWRAP STYLE="text-align: center; width: 16%; border-bottom: #000000 1px solid">
<B>Value if Input Decreases</B></TD>
</TR>
<TR valign="bottom">
	<TD align=left width=41% style="TEXT-INDENT:0.001587pt">
EBITDA Multiple</TD>
	<TD align=center>
Increase</TD>
	<TD align=center width=16%>
Decrease</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=41% style="TEXT-INDENT:0.000793pt">
Forward EBITDA Multiple</TD>
	<TD align=center>
Increase</TD>
	<TD align=center width=16%>
Decrease</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
Tangible Book Value Multiple</TD>
	<TD align=center>
Increase</TD>
	<TD align=center width=16%>
Decrease</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=41% style="border-bottom:1px solid #000000;">
Yield</TD>
	<TD align=center width=41% style="border-bottom:1px solid #000000;">
Decrease</TD>
	<TD align=center width=16% style="border-bottom:1px solid #000000;">
Increase</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20pt"></TD><TD STYLE="width: 20pt; text-align: left"><SUP>2</SUP></TD><TD>Unobservable inputs are weighted based on the value of
the investments included in the range.</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20pt"></TD><TD STYLE="width: 20pt; text-align: left"><SUP>3</SUP></TD><TD>The Fund fair values certain of its Level 3 investments
using prior transaction prices (acquisition cost), although the transaction may not have occurred during the current reporting
period. In such cases, these investments are generally privately held investments. There may not be a secondary market, and/or
there are a limited number of investors. The determination to fair value such investments at cost is based upon factors consistent
with the principles of fair value measurement that are reasonably available to the Global Valuation Committee, or its delegate.
Valuations are reviewed utilizing available market information to determine if the carrying value should be adjusted. Such market
data may include, but is not limited to, observations of the trading multiples of public companies considered comparable to the
private companies being valued, financial or operational information released by the company, and/or news or corporate events
that affect the investment. Valuations may be adjusted to account for company-specific issues, the lack of liquidity inherent
in a nonpublic investment and the fact that comparable public companies are not identical to the investments being fair valued
by the Fund.</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20pt"></TD><TD STYLE="width: 20pt; text-align: left"><SUP>4</SUP></TD><TD>Does not include Level 3 investments with values derived
utilizing prices from recent prior transactions or third party pricing information without adjustment for which such inputs are
unobservable. See above valuation input table for values of such Level 3 investments. A significant change in third party pricing
information could result in a significantly lower or higher value in such Level 3 investments.</TD>
</TR></TABLE>
<P STYLE="margin-top: 0; margin-bottom: 9pt; margin-left: 0; text-indent: 0">A reconciliation of Level 3 investments is presented
when the Fund had a significant amount of Level 3 investments at the beginning and/or end of the year in relation to net assets.
The following table is a reconciliation of Level 3 investments for which significant unobservable inputs were used in determining
fair value:</P>
<DIV align="left">
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 8pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; border-top: Black 1pt solid">&nbsp;</TD><TD STYLE="font-weight: bold; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-top: Black 1pt solid">Asset-Backed</TD><TD STYLE="font-weight: bold; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-top: Black 1pt solid">Common</TD><TD STYLE="font-weight: bold; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-top: Black 1pt solid">Corporate</TD><TD STYLE="font-weight: bold; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-top: Black 1pt solid">Floating <BR>
Rate<BR>
Loan</TD><TD STYLE="font-weight: bold; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-top: Black 1pt solid">Other</TD><TD STYLE="border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-top: Black 1pt solid">&nbsp;</TD><TD STYLE="border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-top: Black 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Securities</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Stocks</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Bonds</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"> Interests</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Interests</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Warrants</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Total</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: 0pt">Assets:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 37%; text-align: left; text-indent: 5.98pt">Opening balance, as of August 31, 2011</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 5%; text-align: right">2,753,115</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 5%; text-align: right">1,701,248</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 5%; text-align: right">1,621,040</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 5%; text-align: right">12,355,482</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 5%; text-align: right">2,550,707</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 5%; text-align: right">7</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 5%; text-align: right">20,981,599</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 5.98pt"><FONT STYLE="font-size: 8pt">Transfers into Level 3<SUP>5</SUP></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">812,985</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">812,988</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 5.98pt"><FONT STYLE="font-size: 8pt">Transfers out of Level 3<SUP>6</SUP></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(6,717,669</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(6,717,669</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 5.98pt">Accrued discounts/premiums</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">38,599</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,251</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">25,434</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">66,284</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 5.98pt">Net realized gain (loss)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(48,393</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(523,489</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(2,483,821</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">20,906</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">553,993</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(107,610</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(2,588,414</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 5.98pt"><FONT STYLE="font-size: 8pt">Net change in unrealized appreciation/depreciation<SUP>7 </SUP>.</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">97,411</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(178,802</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,536,709</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">223,641</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">339,443</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">107,603</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,126,005</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 5.98pt">Purchases</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,575,485</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">136,539</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5,994,593</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">8,706,617</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 5.98pt">Sales</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(2,371,455</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">)</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(7,182</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">)</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(1,501,459</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">)</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(902,131</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">)</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(1,081,752</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">)</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(5,863,979</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="font-weight: bold; text-align: left">Closing Balance, as of August 31, 2012</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">3,044,762</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,128,317</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">174,720</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">11,813,241</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">2,362,391</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">18,523,431</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD></TR>
</TABLE>

</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20pt"></TD><TD STYLE="width: 20pt; text-align: left"><SUP>5</SUP></TD><TD>As of August 31, 2011, the Fund used observable inputs
in determining the value of certain investments. As of August 31, 2012, the Fund used significant unobservable inputs in determining
the value on the same investments. As a result, investments with a beginning of year value of &#36;812,988 transferred from Level
2 to Level 3 in the disclosure hierarchy.</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20pt"></TD><TD STYLE="width: 20pt; text-align: left"><SUP>6</SUP></TD><TD>As of August 31, 2011, the Fund used significant unobservable
inputs in determining the value of certain investments. As of August 31, 2012, the Fund used observable inputs in determining
the value on the same investments. As a result, investments with a beginning of year value of &#36;6,717,669 transferred from
Level 3 to Level 2 in the disclosure hierarchy.</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20pt"></TD><TD STYLE="width: 20pt; text-align: left"><SUP>7</SUP></TD><TD>Included in the related net change in unrealized appreciation/depreciation
in the Statements of Operations. The change in unrealized appreciation/depreciation on securities still held as of August 31,
2012 was &#36;647,964.</TD>
</TR></TABLE>
<P style="text-align: left;">
See Notes to Financial Statements.</P>
</DIV>

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<DIV align="left">
<TABLE border=0 style="width:100%" cellspacing=0 cellpadding=0 style="font-family: 'Arial';font-size: 10pt;">
<TR valign="bottom">
<TD NOWRAP STYLE="text-align: left; font-size: 14pt; border-top: rgb(57,76,165) 4pt solid"><FONT STYLE="color: #0000cc">Consolidated
Schedule of Investments <FONT STYLE="font-size: 10pt">August 31, 2012</FONT></FONT></TD>
<TD NOWRAP STYLE="border-top: rgb(57,75,165) 4pt solid; text-align: right; vertical-align: bottom; font-size: 8pt; color: #0000cc"><FONT STYLE="font-size: 7pt; color: #0000cc"><B>BlackRock
Floating Rate Income Strategies Fund, Inc. (FRA)</B></FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
<TD NOWRAP STYLE="text-align: right; vertical-align: bottom; font-size: 8pt; color: #0000cc"><FONT STYLE="font-size: 7pt; color: #0000cc"><B>(Percentages
shown are based on Net Assets)</B></FONT></TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<DIV align="left">
<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial">
<TR valign="bottom">
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: center; padding-right: 12pt">
<B>Par</B></TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 0pt">
<B>Asset-Backed Securities</B></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid; padding-right: 12pt; vertical-align: bottom">
<B>(000)</B></TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-bottom: #000000 1px solid">
<B>Value</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Fraser Sullivan CLO Ltd., Series 2012-7A,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt; width: 61%">
Class C, 4.47%, 4/20/23 (a)(b)</TD>
	<TD STYLE="text-align: left; width: 10%">
USD</TD>
	<TD STYLE="text-align: right; width: 13%; padding-right: 12pt">
470</TD>
	<TD STYLE="text-align: left; width: 4%">&#36; </TD>
 <TD STYLE="text-align: right; width: 10%">417,642</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Gannett Peak CLO Ltd., Series 2006-1X,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Class A2, 0.81%, 10/27/20 (b)</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
575</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
484,438</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Goldentree Loan Opportunities VI Ltd.,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Series 2012-6A, Class D,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.66%, 4/17/22 (a)(b)</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
775</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
704,552</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Goldman Sachs Asset Management CLO Plc,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Series 2007-1A, Class B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
0.89%, 8/01/22 (a)(b)</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,255</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,060,475</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Highbridge Loan Management Ltd.,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Series 2012-1A, Class C,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.71%, 9/20/22 (a)(b)(c)</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
750</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
692,250</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
ING Investment Management, Series 2012-2A,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Class D, 4.99%, 10/15/22 (a)(b)</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
775</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
690,998</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
LCM LP, Series 11A, Class D2,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.41%, 4/19/22 (a)(b)</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
800</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
700,000</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
MAPS CLO Fund LLC, Series 2005-1A, Class C,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
1.42%, 12/21/17 (a)(b)</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
575</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
545,502</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Race Point CLO, Series 2012-6A, Class D,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.93%, 5/24/23 (a)(b)</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
550</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
497,035</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Symphony CLO Ltd. (a)(b):</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Series 2012-10A, Class D,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD STYLE="text-align: left; text-indent: 18.97pt">
5.69%, 7/23/23</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
750</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
693,750</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 11.97pt">
Series 2012-9A, Class D, 4.71%, 4/16/22</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
625</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
557,000</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid">
<B>Total Asset-Backed Securities &#151; 2.5%</B></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 2px solid">
7,043,642</TD>
</TR>
<TR>
	<TD COLSPAN="5">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: Black 1px solid; text-indent: 0pt; border-top: rgb(57,76,165) 4pt solid">
<B>Common Stocks (d)</B></TD>
	<TD STYLE="text-align: left; border-bottom: Black 1px solid; border-top: rgb(57,76,165) 4pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 1px solid; padding-right: 12pt; border-top: rgb(57,76,165) 4pt solid">
<B>Shares</B></TD>
	<TD COLSPAN="2" STYLE="text-align: left; border-bottom: Black 1px solid; border-top: rgb(57,76,165) 4pt solid">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt">
<B><FONT color="#0000cc">Auto Components &#151; 0.3%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 0pt">
Delphi Automotive Plc</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
31,554</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
955,774</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt">
<B><FONT color="#0000cc">Chemicals &#151; 0.0%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 0pt">
GEO Specialty Chemicals, Inc. (a)</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
13,117</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
6,034</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt">
<B><FONT color="#0000cc">Electrical Equipment &#151; 0.0%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 0pt">
Medis Technologies Ltd.</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
71,654</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
215</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt">
<B><FONT color="#0000cc">Paper &amp; Forest Products &#151; 0.3%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt">
Ainsworth Lumber Co. Ltd.</TD>
	<TD STYLE="text-align: right"></TD>
 <TD STYLE="text-align: right; padding-right: 12pt">133,089</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
291,628</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt">
Ainsworth Lumber Co. Ltd. (a)</TD>
	<TD STYLE="text-align: right"></TD>
 <TD STYLE="text-align: right; padding-right: 12pt">152,951</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
335,150</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt">
Western Forest Products, Inc.</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
84,448</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
91,665</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
718,443</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt">
<B><FONT color="#0000cc">Software &#151; 0.3%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 0pt">
HMH Holdings/EduMedia</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
32,192</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
788,716</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid; text-indent: 0pt">
<B>Total Common Stocks &#151; 0.9%</B></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 2px solid">
2,469,182</TD>
</TR>
<TR>
	<TD COLSPAN="5">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-top: rgb(57,76,165) 4pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-top: rgb(57,76,165) 4pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: center; padding-right: 12pt; border-top: rgb(57,76,165) 4pt solid">
<B>Par</B></TD>
	<TD COLSPAN="2" STYLE="text-align: left; border-top: rgb(57,76,165) 4pt solid">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 0pt">
<B>Corporate Bonds</B></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid; padding-right: 12pt; vertical-align: bottom">
<B>(000)</B></TD>
	<TD COLSPAN="2" STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt">
<B><FONT color="#0000cc">Airlines &#151; 0.1%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt">
American Airlines Pass-Through Trust,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Series 2011-2, Class A, 8.63%, 4/15/23</TD>
	<TD STYLE="text-align: left; text-indent: 0pt">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
268</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
283,923</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt">
Delta Air Lines, Inc., Series 2009-1-B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
9.75%, 6/17/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
107</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
115,220</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
399,143</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt">
<B><FONT color="#0000cc">Auto Components &#151; 0.8%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt">
Icahn Enterprises LP:</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
7.75%, 1/15/16</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,535</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,611,750</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
8.00%, 1/15/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
680</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
724,200</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
2,335,950</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt">
<B><FONT color="#0000cc">Chemicals &#151; 0.9%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt">
GEO Specialty Chemicals, Inc.:</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
7.50%, 3/31/15</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
857</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,028,384</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
10.00%, 3/31/15</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
987</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
987,390</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<DIV align="left">
<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial">
<TR valign="bottom">
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: center; padding-right: 12pt">
<B>Par</B></TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
<B>Corporate Bonds</B></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid; padding-right: 12pt">
<B>(000)</B></TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-bottom: #000000 1px solid">
<B>Value</B></TD>
</TR>
<TR>
	<TD COLSPAN="5">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Chemicals (concluded)</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; width: 61%">
Hexion US Finance Corp., 6.63%, 4/15/20</TD>
	<TD STYLE="text-align: left; width: 10%; vertical-align: bottom">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt; width: 13%">
280</TD>
	<TD STYLE="text-align: left; width: 4%">&#36; </TD>
 <TD STYLE="text-align: right; width: 10%">282,800</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
INEOS Finance Plc, 8.38%, 2/15/19 (a)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
230</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
242,075</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
2,540,649</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Commercial Services &amp; Supplies &#151; 0.3%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
ARAMARK Corp., 3.94%, 2/01/15 (b)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
135</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
134,662</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
AWAS Aviation Capital Ltd.,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
7.00%, 10/17/16 (a)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
663</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
698,984</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Brickman Group Holdings, Inc.,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
9.13%, 11/01/18 (a)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
26</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
26,260</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
859,906</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Communications Equipment &#151; 0.5%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Zayo Group LLC/Zayo Capital, Inc.:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
8.13%, 1/01/20</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
820</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
871,250</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
10.13%, 7/01/20</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
540</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
579,150</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,450,400</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Consumer Finance &#151; 0.3%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
Inmarsat Finance Plc, 7.38%, 12/01/17 (a)</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
775</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
842,813</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Containers &amp; Packaging &#151; 0.1%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
OI European Group BV, 6.88%, 3/31/17</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
EUR</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
143</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
185,711</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Diversified Financial Services &#151; 0.8%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Ally Financial, Inc., 2.67%, 12/01/14 (b)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,120</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,100,803</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Reynolds Group Issuer, Inc.:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
7.75%, 10/15/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
EUR</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
472</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
612,976</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
6.88%, 2/15/21</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
530</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
573,725</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
2,287,504</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Diversified Telecommunication Services &#151; 0.2%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
ITC Deltacom, Inc., 10.50%, 4/01/16</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
430</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
463,325</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Energy Equipment &amp; Services &#151; 0.1%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
FTS International Services LLC / FTS</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
International Bonds Inc.,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 5.98pt">
8.13%, 11/15/18 (a)</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
340</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
351,050</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Health Care Equipment &amp; Supplies &#151; 0.2%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
DJO Finance LLC:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
10.88%, 11/15/14</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
263</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
274,506</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
7.75%, 4/15/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
210</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
192,150</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
466,656</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Health Care Providers &amp; Services &#151; 0.8%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
CHS/Community Health Systems, Inc.,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.13%, 8/15/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
778</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
802,312</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
HCA, Inc., 6.50%, 2/15/20</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
865</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
950,419</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Tenet Healthcare Corp., 8.88%, 7/01/19</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
380</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
432,250</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
2,184,981</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Health Care Technology &#151; 0.8%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
IMS Health, Inc., 12.50%, 3/01/18 (a)</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
1,860</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
2,185,500</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Hotels, Restaurants &amp; Leisure &#151; 0.1%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Little Traverse Bay Bands of Odawa Indians,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 5.98pt">
9.00%, 8/31/20 (a)</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
373</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
339,430</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Household Durables &#151; 0.2%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
Beazer Homes USA, Inc., 6.63%, 4/15/18 (a)</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
395</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
403,888</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Independent Power Producers &amp; Energy Traders &#151; 1.9%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Calpine Corp., 7.25%, 10/15/17 (a)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,180</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,262,600</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Energy Future Holdings Corp.,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
10.00%, 1/15/20</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
725</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
799,313</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Energy Future Intermediate Holding Co. LLC,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
10.00%, 12/01/20</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,875</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
3,227,187</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
5,289,100</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Industrial Conglomerates &#151; 0.6%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
Sequa Corp., 13.50%, 12/01/15 (a)</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
1,557</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,650,776</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: left;">
See Notes to Financial Statements.</P>
</DIV>

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<DIV align="left">
<TABLE border=0 style="width:100%" cellspacing=0 cellpadding=0 style="font-family: 'Arial';font-size: 10pt;">
<TR valign="bottom">
<TD NOWRAP STYLE="text-align: left; font-size: 14pt; border-top: rgb(57,76,165) 4pt solid">
<FONT color="#0000cc">Consolidated Schedule of Investments (continued)</FONT></TD>
<TD NOWRAP STYLE="border-top: rgb(57,75,165) 4pt solid; text-align: right; vertical-align: bottom; font-size: 8pt; color: #0000cc"><FONT STYLE="font-size: 7pt; color: #0000cc"><B>BlackRock
Floating Rate Income Strategies Fund, Inc. (FRA)</B></FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
<TD NOWRAP STYLE="text-align: right; vertical-align: bottom; font-size: 8pt; color: #0000cc"><FONT STYLE="font-size: 7pt; color: #0000cc"><B>(Percentages
shown are based on Net Assets)</B></FONT></TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<DIV align="left">
<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial">
<TR valign="bottom">
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: center; padding-right: 12pt">
<B>Par</B></TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
<B>Corporate Bonds</B></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid; padding-right: 12pt">
<B>(000)</B></TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-bottom: #000000 1px solid">
<B>Value</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">IT Services &#151; 0.2%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; width: 61%">
First Data Corp., 6.75%, 11/01/20 (a)</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; width: 10%">
USD</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt; width: 13%">
535</TD>
	<TD STYLE="text-align: left; width: 4%; border-bottom: #000000 1px solid">&#36; </TD>
 <TD STYLE="text-align: right; width: 10%; border-bottom: #000000 1px solid">530,988</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Machinery &#151; 0.1%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
UR Financing Escrow Corp.,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 5.98pt">
5.75%, 7/15/18 (a)</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
175</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
185,063</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Media &#151; 2.1%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
AMC Networks, Inc., 7.75%, 7/15/21</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
225</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
254,813</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Checkout Holding Corp.,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
16.03%, 11/15/15 (a)(e)</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
665</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
405,650</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Clear Channel Worldwide Holdings, Inc.:</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Series A, 9.25%, 12/15/17</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
401</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
434,082</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Series B, 9.25%, 12/15/17</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,834</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,992,182</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
NAI Entertainment Holdings LLC,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
8.25%, 12/15/17 (a)</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
553</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
616,595</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Unitymedia Hessen GmbH &amp; Co. KG,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
8.13%, 12/01/17 (a)</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,000</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
2,165,000</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
5,868,322</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Oil, Gas &amp; Consumable Fuels &#151; 0.2%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Coffeyville Resources LLC, 9.00%, 4/01/15 (a)</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
275</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
292,875</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
EP Energy LLC/EP Energy Finance, Inc.,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
6.88%, 5/01/19 (a)</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
315</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
337,838</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
630,713</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Paper &amp; Forest Products &#151; 0.3%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Ainsworth Lumber Co. Ltd.,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
11.00%, 7/29/15 (a)(f)</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
576</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
523,849</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Longview Fibre Paper &amp; Packaging, Inc.,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
8.00%, 6/01/16 (a)</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
340</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
351,900</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
875,749</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Pharmaceuticals &#151; 0.2%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Valeant Pharmaceuticals International,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 5.98pt">
6.50%, 7/15/16 (a)</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
395</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
416,725</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Real Estate Management &amp; Development &#151; 0.2%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
Realogy Corp., 7.63%, 1/15/20 (a)</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
365</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
397,850</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Wireless Telecommunication Services &#151; 2.2%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Cricket Communications, Inc., 7.75%, 5/15/16</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,700</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,793,500</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Digicel Group Ltd. (a):</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
9.13%, 1/15/15</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
278</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
280,780</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
8.25%, 9/01/17</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
315</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
333,900</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
iPCS, Inc., 2.57%, 5/01/13 (b)</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,500</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,488,750</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Sprint Nextel Corp. (a):</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
9.00%, 11/15/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
750</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
885,000</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
7.00%, 3/01/20</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,195</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,308,525</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
6,090,455</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid">
<B>Total Corporate Bonds &#151; 14.2%</B></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 2px solid">
39,232,647</TD>
</TR>
<TR>
	<TD COLSPAN="5">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: Black 1px solid; border-top: rgb(57,76,165) 4pt solid">
<B>Floating Rate Loan Interests (b)</B></TD>
	<TD STYLE="text-align: left; border-bottom: Black 1px solid; border-top: rgb(57,76,165) 4pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: Black 1px solid; padding-right: 12pt; border-top: rgb(57,76,165) 4pt solid">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left; border-bottom: Black 1px solid; border-top: rgb(57,76,165) 4pt solid">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Aerospace &amp; Defense &#151; 1.6%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
DynCorp International, Term</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Loan B, 6.25% , 7/07/16</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
703</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
701,684</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
SI Organization, Inc., Term Loan B, 4.50%,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
11/22/16</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
832</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
809,051</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Spirit Aerosystems, Inc., Term</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Loan B, 3.75%, 4/18/19</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
793</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
794,337</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
TransDigm, Inc.:</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Add on Term Loan B2, 4.00%, 2/14/17</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
443</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
445,175</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan B, 4.00%, 2/14/17</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,134</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,137,799</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Wesco Aircraft Hardware Corp., Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.25%, 4/07/17</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
650</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
649,435</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: Black 1pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: Black 1pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt; border-bottom: Black 1pt solid">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: Black 1pt solid">
4,537,481</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<DIV align="left">
<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial">
<TR valign="bottom">
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: center; padding-right: 12pt">
<B>Par</B></TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
<B>Floating Rate Loan Interests (b)</B></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid; padding-right: 12pt">
<B>(000)</B></TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-bottom: #000000 1px solid">
<B>Value</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Airlines &#151; 0.8%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Delta Air Lines, Inc., Credit, Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt; width: 61%">
5.50%, 4/20/17</TD>
	<TD STYLE="text-align: left; width: 10%; vertical-align: bottom">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt; width: 13%">
2,075</TD>
	<TD STYLE="text-align: left; width: 4%">&#36; </TD>
 <TD STYLE="text-align: right; width: 10%">2,090,155</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
US Airways Group, Inc., Term Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
2.74%, 3/21/14</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
125</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
120,781</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
2,210,936</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Auto Components &#151; 2.8%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Autoparts Holdings Ltd., First Lien Term Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
6.50%, 7/28/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,439</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,410,343</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Federal-Mogul Corp.:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan B, 2.17%&#150;2.18%, 12/29/14</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,886</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,799,422</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan C, 2.17%&#150;2.18%, 12/28/15</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
639</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
610,150</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
The Goodyear Tire &amp; Rubber Co., Term Loan</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
(Second Lien), 4.75%, 4/30/19</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,490</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
2,480,662</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
GPX International Tire Corp. (d)(g):</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan, 8.37%, 3/30/12</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
549</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
&#151;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan, 12.00%, 3/30/12</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
9</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
&#151;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Schaeffler AG, Term Loan C2, 6.00%, 1/27/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
785</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
787,292</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
UCI International, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.50%, 7/26/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
739</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
740,597</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
7,828,466</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Biotechnology &#151; 0.5%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
Grifols, Inc., Term Loan B, 4.50%, 6/01/17</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
1,345</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,348,078</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Building Products &#151; 3.2%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Armstrong World Industries, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.00%, 3/09/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,844</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,838,254</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
CPG International, Inc., Term</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Loan B, 6.00%, 2/18/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,773</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,744,189</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Goodman Global, Inc., Initial Term Loan (First</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Lien), 5.75%, 10/28/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
4,421</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
4,425,349</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Momentive Performance Materials, Inc.</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
(Nautilus), Extended Term Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
3.62%, 5/05/15</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
EUR</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
641</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
738,546</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
8,746,338</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Capital Markets &#151; 2.0%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
American Capital Holdings, Term Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.50%, 7/19/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,114</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,118,177</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
HarbourVest Partners LLC, Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
6.25%, 12/16/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,508</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,506,163</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Nuveen Investments, Inc.:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Extended (First Lien), Term Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD STYLE="text-align: left; text-indent: 18.97pt">
5.95%&#150;5.96%, 5/13/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
897</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
897,639</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Extended Term Loan, 5.92%&#150;5.96%,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD STYLE="text-align: left; text-indent: 18.97pt">
5/12/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,753</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,757,852</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Incremental Term Loan, 7.25%, 5/13/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
345</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
346,553</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
5,626,384</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Chemicals &#151; 6.1%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
American Rock Salt Holdings LLC, Term Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.50%, 4/25/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,210</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,174,607</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Ashland, Inc., Term Loan B, 3.75%, 8/23/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
605</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
606,543</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Chemtura Corp., Exit Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.50%, 8/27/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,400</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,404,088</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Evergreen Acqco 1 LP, Term</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Loan B, 6.25%, 7/09/19</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
765</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
772,176</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Gentek, Inc., Term Loan, 5.00%&#150;5.75%,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
10/06/15</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
838</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
833,913</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
INEOS US Finance LLC:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
3 Year Term Loan, 5.50%, 5/04/15</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
195</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
195,971</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
6 Year Term Loan, 6.50%, 5/04/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
4,100</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
4,106,474</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
MacDermid, Inc., Tranche C Term Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
2.32%, 4/11/14</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
EUR</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
479</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
596,069</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Nexeo Solutions LLC, Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.00%, 9/08/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,185</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,153,159</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
PolyOne Corp., Term Loan, 5.00%, 12/20/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
403</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
404,184</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
PQ Corp. (FKA Niagara Acquisition, Inc.),</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Term Loan B, 3.98%, 7/30/14</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,375</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
2,332,057</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: left;">
See Notes to Financial Statements.</P>
</DIV>

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<DIV align="left">
<TABLE border=0 style="width:100%" cellspacing=0 cellpadding=0 style="font-family: 'Arial';font-size: 10pt;">
<TR valign="bottom">
<TD NOWRAP STYLE="text-align: left; font-size: 14pt; border-top: rgb(57,76,165) 4pt solid">
<FONT color="#0000cc">Consolidated Schedule of Investments (continued)</FONT></TD>
<TD NOWRAP STYLE="border-top: rgb(57,75,165) 4pt solid; text-align: right; vertical-align: bottom; font-size: 8pt; color: #0000cc"><FONT STYLE="font-size: 7pt; color: #0000cc"><B>BlackRock
Floating Rate Income Strategies Fund, Inc. (FRA)</B></FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
<TD NOWRAP STYLE="text-align: right; vertical-align: bottom; font-size: 8pt; color: #0000cc"><FONT STYLE="font-size: 7pt; color: #0000cc"><B>(Percentages
shown are based on Net Assets)</B></FONT></TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<DIV align="left">
<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial">
<TR valign="bottom">
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: center; padding-right: 12pt">
<B>Par</B></TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
<B>Floating Rate Loan Interests (b)</B></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid; padding-right: 12pt">
<B>(000)</B></TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-bottom: #000000 1px solid">
<B>Value</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Chemicals (concluded)</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; width: 61%">
Styron Sarl LLC, Term Loan B, 8.00%, 8/02/17</TD>
	<TD STYLE="text-align: left; width: 10%; vertical-align: bottom">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt; width: 13%">
545</TD>
	<TD STYLE="text-align: left; width: 4%">&#36; </TD>
 <TD STYLE="text-align: right; width: 10%">507,585</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Tronox, Inc.:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Delayed Draw Term Loan, 4.25%, 2/08/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
342</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
340,962</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan B, 4.25%, 2/08/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,253</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,250,194</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Univar, Inc., Term Loan B, 5.00%, 6/30/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,301</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,292,569</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
16,970,551</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Commercial Services &amp; Supplies &#151; 5.5%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
ACCO Brands Corp., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.25%, 4/30/19</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,861</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,859,106</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Altegrity, Inc. (FKA US Investigations</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Services, Inc.), Tranche D Term Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
7.75%, 2/20/15</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,468</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,460,380</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
ARAMARK Corp.:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Extended Term Loan B, 3.48%, 7/26/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
358</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
356,422</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Extended Term Loan C,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD STYLE="text-align: left; text-indent: 18.97pt; vertical-align: bottom">
3.48%&#150;3.71%, 7/26/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
203</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
202,119</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Letter of Credit, 3.50%, 7/26/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
24</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
23,440</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Letter of Credit Facility, 3.50%, 7/26/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
16</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
16,281</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
AWAS Finance Luxembourg 2012 SA,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Term Loan, 5.75%, 7/16/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
660</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
660,000</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
AWAS Finance Luxembourg Sarl, Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.25%, 6/10/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
811</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
811,023</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Delos Aircraft, Inc., Term Loan B2,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.75%, 4/12/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,875</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,893,750</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
KAR Auction Services, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.00%, 5/19/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,571</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
2,570,458</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Protection One, Inc., Term Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.75%, 3/21/19</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,217</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,229,120</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Synagro Technologies, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
2.24%, 4/02/14</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,504</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,333,747</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Volume Services America, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
10.50%&#150;10.75%, 9/16/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
983</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
982,500</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
West Corp., Term Loan B6, 5.75%, 6/02/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,950</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,956,103</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
15,354,449</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Communications Equipment &#151; 3.5%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Avaya, Inc.:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Extended Term Loan B3, 4.93%, 10/26/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
281</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
251,065</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan B1, 3.18%, 10/24/14</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,744</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,674,531</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
CommScope, Inc., Term Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.25%, 1/12/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,579</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,578,006</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Telesat Canada, Term Loan A, 4.41%, 3/24/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
CAD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,630</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,579,153</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Zayo Group, LLC, Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
7.13%, 7/02/19</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
4,525</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
4,591,472</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
9,674,227</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Construction &amp; Engineering &#151; 0.9%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
BakerCorp. International, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.75%, 6/01/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
856</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
852,711</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Safway Services LLC, First Out Term Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
9.00%, 12/16/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,700</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,700,000</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
2,552,711</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Construction Materials &#151; 2.0%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
HD Supply, Inc., Senior Debt B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 5.98pt">
7.25%, 10/12/17</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
5,460</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
5,578,318</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Consumer Finance &#151; 0.8%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Springleaf Financial Funding Co. (FKA AGFS</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 5.98pt">
Funding Co.), Term Loan, 5.50%, 5/10/17</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
2,300</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
2,221,225</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Containers &amp; Packaging &#151; 0.5%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Sealed Air Corp., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 5.98pt">
4.75%, 10/03/18</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
1,323</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,330,372</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Diversified Consumer Services &#151; 3.3%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Coinmach Service Corp., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
3.33%, 11/20/14</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,452</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
2,352,779</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Education Management LLC, Term Loan C3,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
8.25%, 3/29/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
668</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
588,004</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<DIV align="left">
<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial">
<TR valign="bottom">
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: center; padding-right: 12pt">
<B>Par</B></TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
<B>Floating Rate Loan Interests (b)</B></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid; padding-right: 12pt">
<B>(000)</B></TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-bottom: #000000 1px solid">
<B>Value</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Diversified Consumer Services (concluded)</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Laureate Education, Inc., Extended Term Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt; width: 61%">
5.25%, 6/18/18</TD>
	<TD STYLE="text-align: left; width: 10%; vertical-align: bottom">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt; width: 13%">
2,217</TD>
	<TD STYLE="text-align: left; width: 4%">&#36; </TD>
 <TD STYLE="text-align: right; width: 10%">2,162,021</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
ServiceMaster Co.:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Delayed Draw Term Loan, 2.74%, 7/24/14</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
238</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
236,146</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan, 2.75%&#150;2.97%, 7/24/14</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,387</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
2,371,381</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Weight Watchers International, Inc.,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Term Loan F, 4.00%, 3/15/19</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,306</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,290,108</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
9,000,439</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Diversified Financial Services &#151; 1.8%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Residential Capital LLC:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
DIP Term Loan A1, 5.00%, 11/18/13</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,265</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,268,163</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
DIP Term Loan A2, 6.75%, 11/18/13</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
185</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
187,159</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Reynolds Group Holdings, Inc.:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan B, 6.50%, 2/09/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,397</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,404,887</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan C, 6.50%, 8/09/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,227</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
2,254,760</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
5,114,969</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Diversified Telecommunication Services &#151; 4.4%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Hawaiian Telcom Communications, Inc.,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Term Loan B, 7.00%, 2/28/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,095</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,108,688</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Integra Telecom Holdings, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
9.25%, 4/15/15</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,593</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,568,612</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Level 3 Financing, Inc.:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
2016 Term Loan B, 4.75%, 2/01/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,675</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,678,350</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
2019 Term Loan B, 5.25%, 8/01/19</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,370</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,372,000</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan B2, 5.75%, 9/03/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
3,425</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
3,434,042</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan B3, 5.75%, 8/31/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,475</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,478,894</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
US Telepacific Corp., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.75%, 2/23/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,483</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,416,900</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
12,057,486</TD>
</TR>
<TR valign="bottom">
	<TD COLSPAN="2" STYLE="text-align: left">
<B><FONT color="#0000cc">Electronic Equipment, Instruments &amp; Components &#151; 0.9%</FONT></B></TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
CDW LLC (FKA CDW Corp.), Extended Term</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Loan, 4.00%, 7/14/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,124</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,109,923</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Flextronics International Ltd. Delay Draw:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan A-2, 2.48%, 10/01/14</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
38</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
38,159</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan A-3, 2.48%, 10/01/14</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
45</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
44,518</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Sensata Technologies Finance Co. LLC, Term</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Loan, 4.00%, 5/11/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,337</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,338,914</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
2,531,514</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Energy Equipment &amp; Services &#151; 2.9%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Dynegy Midwest Generation LLC, Coal Co.</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Term Loan, 9.25%, 8/04/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
932</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
966,710</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Dynegy Power LLC, Gas Co. Term Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
9.25%, 8/04/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,252</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,310,102</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
MEG Energy Corp., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.00%, 3/16/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
3,325</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
3,328,632</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Tervita Corp.:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Incremental Term Loan, 6.50%, 10/17/14</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
761</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
760,544</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan B, 3.23%, 11/14/14</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,601</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,570,466</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
7,936,454</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Food &amp; Staples Retailing &#151; 1.8%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
AB Acquisitions UK Topco 2, Term Loan B1,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
3.52%, 7/09/15</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
GBP</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,825</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
2,734,825</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Pilot Travel Centers LLC, Term Loan B2,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.25%, 8/07/19</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,055</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,057,638</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
US Foods, Inc. (FKA U.S. Foodservice, Inc.),</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Extended Term Loan B, 5.75%, 3/31/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,351</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,305,365</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
5,097,828</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Food Products &#151; 3.0%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Advance Pierre Foods:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan (First Lien), 7.00%, 9/30/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,741</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,749,188</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan (Second Lien),</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD STYLE="text-align: left; text-indent: 18.97pt; vertical-align: bottom">11.25%, 9/29/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,205</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,212,230</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: left;">
See Notes to Financial Statements.</P>
</DIV>

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<TD NOWRAP STYLE="text-align: left; font-size: 14pt; border-top: rgb(57,76,165) 4pt solid">
<FONT color="#0000cc">Consolidated Schedule of Investments (continued)</FONT></TD>
<TD NOWRAP STYLE="border-top: rgb(57,75,165) 4pt solid; text-align: right; vertical-align: bottom; font-size: 8pt; color: #0000cc"><FONT STYLE="font-size: 7pt; color: #0000cc"><B>BlackRock
Floating Rate Income Strategies Fund, Inc. (FRA)</B></FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
<TD NOWRAP STYLE="text-align: right; vertical-align: bottom; font-size: 8pt; color: #0000cc"><FONT STYLE="font-size: 7pt; color: #0000cc"><B>(Percentages
shown are based on Net Assets)</B></FONT></TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<DIV align="left">
<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial">
<TR valign="bottom">
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: center; padding-right: 12pt">
<B>Par</B></TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
<B>Floating Rate Loan Interests (b)</B></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid; padding-right: 12pt">
<B>(000)</B></TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-bottom: #000000 1px solid">
<B>Value</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Food Products (concluded)</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Del Monte Foods Co., Term Loan,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt; width: 61%">
4.50%, 3/08/18</TD>
	<TD STYLE="text-align: left; width: 10%">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt; width: 13%">
2,326</TD>
	<TD STYLE="text-align: left; width: 4%">&#36; </TD>
 <TD STYLE="text-align: right; width: 10%">2,294,529</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Michael Foods Group, Inc., Term Loan,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.25%, 2/23/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
391</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
391,139</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Pinnacle Foods Finance LLC:</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Extended Term Loan B, 3.75%, 10/03/16</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
89</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
88,299</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan E, 4.75%, 10/17/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,139</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,134,251</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Solvest Ltd. (Dole):</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan B-2, 5.00%&#150;6.00%, 7/06/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
553</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
553,358</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan C-2, 5.00%&#150;6.00%, 7/06/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
989</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
990,222</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
8,413,216</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Health Care Equipment &amp; Supplies &#151; 5.3%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Bausch &amp; Lomb, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.25%, 5/17/19</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,890</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
2,899,624</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Biomet, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
3.23%&#150;3.47%, 3/25/15</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
678</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
676,107</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
BSN Medical Acquisition Holding GmbH,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Term Loan B, 6.00%, 7/27/19</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
835</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
837,088</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
DJO Finance LLC:</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Extended Term Loan B2, 5.23%, 11/01/16</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
437</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
436,682</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan B3, 6.25%, 9/15/17</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,279</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
2,281,179</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Hologic, Inc., Term Loan B, 4.50%, 8/01/19</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
3,820</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
3,843,187</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Hupah Finance, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
6.25%, 1/21/19</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
773</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
775,961</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Iasis Healthcare LLC, Term Loan,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.00%, 5/03/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
759</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
747,353</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Immucor, Inc., Term Loan B, 7.25%, 8/17/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,791</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,798,180</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
LHP Hospital Group, Inc., Term Loan,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
9.00%, 7/03/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
465</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
468,488</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
14,763,849</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Health Care Providers &amp; Services &#151; 4.9%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Community Health Systems, Inc., Extended</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Term Loan B, 3.92%&#150;3.96%, 1/25/17</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
91</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
90,648</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
ConvaTec, Inc., Term Loan, 5.75%, 12/22/16</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,258</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,260,770</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
DaVita, Inc.:</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan B, 4.50%, 10/20/16</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,943</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,947,994</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan B2, 4.00%, 9/02/19</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,365</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,358,393</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Emergency Medical Services Corp., Term Loan,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.25%, 5/25/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,437</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,435,453</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Harden Healthcare LLC:</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Add on Term Loan A, 7.75%, 3/02/15</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
959</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
929,833</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan A, 8.50%, 3/02/15</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
588</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
576,011</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
HCA, Inc.:</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Extended Term Loan B3, 3.48%, 5/01/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
515</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
506,873</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Tranche B-2 Term Loan, 3.71%, 3/31/17</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
787</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
776,137</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
inVentiv Health, Inc.:</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Combined Term Loan, 6.50%, 8/04/16</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
707</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
657,438</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Incremental Term Loan B-3,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD STYLE="text-align: left; text-indent: 18.97pt">
6.75%, 5/15/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,001</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
933,382</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Medpace, Inc., Term Loan,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
6.50%&#150;7.25%, 6/16/17</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,197</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,142,911</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Sheridan Holdings, Inc., First Lien Term Loan,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
6.00%, 6/29/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
660</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
660,548</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
US Renal Care, Inc., First Lien Term Loan,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
6.25%&#150;7.25%, 7/02/19</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,120</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,128,400</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Vanguard Health Holding Co. II LLC</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
(Vanguard Health Systems, Inc.),</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Term Loan B, 5.00%, 1/29/16</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
134</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
134,577</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
13,539,368</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Health Care Technology &#151; 1.4%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
IMS Health, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.50%, 8/25/17</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,195</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,197,842</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Kinetic Concepts, Inc., Term</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Loan B, 7.00%, 5/04/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,981</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,997,916</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<DIV align="left">
<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial">
<TR valign="bottom">
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: center; padding-right: 12pt">
<B>Par</B></TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
<B>Floating Rate Loan Interests (b)</B></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid; padding-right: 12pt">
<B>(000)</B></TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-bottom: #000000 1px solid">
<B>Value</B></TD>
</TR>
<TR>
	<TD COLSPAN="5">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Health Care Technology (concluded)</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; width: 61%">
MedAssets, Inc., Term Loan, 5.25%, 11/16/16</TD>
	<TD STYLE="text-align: left; width: 10%">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt; width: 13%">
670</TD>
	<TD STYLE="text-align: left; width: 4%; border-bottom: #000000 1px solid">&#36; </TD>
 <TD STYLE="text-align: right; width: 10%; border-bottom: #000000 1px solid">672,028</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
3,867,786</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Hotels, Restaurants &amp; Leisure &#151; 7.1%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Alpha D2 Ltd., Term Loan B, 5.75%, 4/28/17</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,357</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,363,654</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Ameristar Casinos, Inc., Term</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Loan B, 4.00%, 4/16/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,225</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,226,645</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Boyd Gaming Corp., Incremental Term Loan,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
6.00%, 12/17/15</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
839</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
845,242</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Caesars Entertainment Operating Co., Inc.:</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Extended Term Loan B6, 5.49%, 1/26/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
205</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
180,207</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Incremental Term Loan B4,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD STYLE="text-align: left; text-indent: 18.97pt">
9.50%, 10/31/16</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,100</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,121,459</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan B1, 3.24%, 1/28/15</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
197</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
187,187</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan B3, 3.24%&#150;3.46%, 1/28/15</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
5,318</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
5,042,960</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
DineEquity, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.25%&#150;5.25%, 10/19/17</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
79</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
78,985</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Dunkin&#146; Brands, Inc., Term Loan B2,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.00%, 11/23/17</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,457</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
2,430,444</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Golden Living, Term Loan, 5.00%, 5/04/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
323</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
308,536</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
OSI Restaurant Partners LLC:</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Revolver, 2.49%&#150;2.56%, 6/14/13</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
9</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
9,354</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan B, 2.56%, 6/14/14</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
95</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
94,275</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Sabre, Inc., Non Extended Initial Term Loan,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
2.23%, 9/30/14</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
318</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
314,807</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
SeaWorld Parks &amp; Entertainment, Inc. (FKA SW</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Acquisitions Co., Inc.), Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.00%, 8/17/17</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
963</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
963,272</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Six Flags Theme Parks, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.25%, 12/20/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,510</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,513,533</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Station Casinos, Inc., Term Loan B1,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
3.23%, 6/17/16</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
847</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
805,017</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Twin River Worldwide Holdings, Inc., Term Loan,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
8.50%, 11/05/15</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
708</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
710,120</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Wendy&#146;s International, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.75%, 5/15/19</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,340</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
2,350,436</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
19,546,133</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Household Products &#151; 0.5%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Prestige Brands, Inc., Term Loan,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 5.98pt">
5.25%&#150;6.25%, 1/31/19</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
1,284</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,293,901</TD>
</TR>
<TR valign="bottom">
	<TD COLSPAN="2" STYLE="text-align: left">
<B><FONT color="#0000cc">Independent Power Producers &amp; Energy Traders &#151; 1.0%</FONT></B></TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
The AES Corp., Term Loan, 4.25%, 6/01/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,975</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,979,937</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Calpine Corp., Term Loan B, 4.50%, 4/01/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
465</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
465,642</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
GenOn Energy, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
6.00%, 12/01/17</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
270</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
271,930</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
2,717,509</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Industrial Conglomerates &#151; 1.9%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Sequa Corp.:</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Incremental Term Loan, 6.25%, 12/03/14</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
427</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
428,345</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan, 3.69%&#150;3.72%, 12/03/14</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
4,898</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
4,864,090</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
5,292,435</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Insurance &#151; 0.8%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Asurion LLC, Term Loan (First Lien),</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.50%, 5/24/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
654</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
655,776</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
CNO Financial Group, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
6.25%, 9/30/16</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,447</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,450,326</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
2,106,102</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Internet Software &amp; Services &#151; 0.4%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Web.com Group, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 5.98pt">
7.00%, 10/27/17</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
1,147</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,141,820</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">IT Services &#151; 5.5%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Ceridian Corp., Extended Term Loan,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.99%, 5/09/17</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,512</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,511,581</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: left;">
See Notes to Financial Statements.</P>
</DIV>

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<DIV align="left">
<TABLE border=0 style="width:100%" cellspacing=0 cellpadding=0 style="font-family: 'Arial';font-size: 10pt;">
<TR valign="bottom">
<TD NOWRAP STYLE="text-align: left; font-size: 14pt; border-top: rgb(57,76,165) 4pt solid">
<FONT color="#0000cc">Consolidated Schedule of Investments (continued)</FONT></TD>
<TD NOWRAP STYLE="border-top: rgb(57,75,165) 4pt solid; text-align: right; vertical-align: bottom; font-size: 8pt; color: #0000cc"><FONT STYLE="font-size: 7pt; color: #0000cc"><B>BlackRock
Floating Rate Income Strategies Fund, Inc. (FRA)</B></FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
<TD NOWRAP STYLE="text-align: right; vertical-align: bottom; font-size: 8pt; color: #0000cc"><FONT STYLE="font-size: 7pt; color: #0000cc"><B>(Percentages
shown are based on Net Assets)</B></FONT></TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<DIV align="left">
<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial">
<TR valign="bottom">
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: center; padding-right: 12pt">
<B>Par</B></TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
<B>Floating Rate Loan Interests (b)</B></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid; padding-right: 12pt">
<B>(000)</B></TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-bottom: #000000 1px solid">
<B>Value</B></TD>
</TR>
<TR>
	<TD COLSPAN="5">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">IT Services (concluded)</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
First Data Corp.:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt; width: 61%">
2018 Term Loan B, 4.24%, 3/23/18</TD>
	<TD STYLE="text-align: left; width: 10%; vertical-align: bottom">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt; width: 13%">
6,251</TD>
	<TD STYLE="text-align: left; width: 4%">&#36; </TD>
 <TD STYLE="text-align: right; width: 10%">5,901,683</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Non-Extended Term Loan B-1,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD STYLE="text-align: left; text-indent: 18.97pt">
2.99%, 9/24/14</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
298</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
294,155</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Non-Extended Term Loan B-3,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD STYLE="text-align: left; text-indent: 18.97pt">
2.99%, 9/24/14</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
66</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
64,840</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Genpact International, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.25%, 8/16/19</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,660</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,660,000</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
InfoGroup, Inc., Term Loan, 5.75%, 5/25/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
707</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
625,934</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
iPayment, Inc., Term Loan B, 5.75%, 5/08/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
681</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
681,000</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Neustar, Inc., Term Loan B, 5.00%, 11/08/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
883</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
887,742</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
SunGard Data Systems, Inc.</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
(Solar Capital Corp.), Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
3.86%&#150;4.06%, 2/26/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
307</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
306,710</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
TransUnion LLC, Term Loan B, 5.50%, 2/12/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
3,195</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
3,215,516</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
15,149,161</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Leisure Equipment &amp; Products &#151; 0.8%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Eastman Kodak Co., DIP Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
8.50%, 7/19/13</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,122</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,112,189</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
FGI Operating Company, LLC, Term Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.50%&#150;6.50%, 4/19/19</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,120</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,123,506</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
2,235,695</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Machinery &#151; 2.9%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Intelligrated, Inc., First Lien Term Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
6.75%, 7/30/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,000</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
990,000</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Navistar International Corp., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
7.00%, 8/17/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
950</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
954,213</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Rexnord Corp., Term Loan B, 5.00%, 4/02/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
697</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
699,237</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Terex Corp.:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan, 6.00%, 4/28/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
EUR</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
134</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
167,687</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan B, 5.50%, 4/28/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,306</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,312,451</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Tomkins LLC, Term Loan B, 4.25%, 9/29/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,574</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
2,580,563</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Wabash National Corp., Term</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Loan B, 6.00%, 5/02/19</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,197</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,204,481</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
7,908,632</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Media &#151; 16.0%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Acosta, Inc., Term Loan B, 5.75%, 3/01/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
512</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
512,683</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Affinion Group, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.00%, 7/15/15</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
565</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
479,667</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
AMC Entertainment, Inc., Term Loan B3,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.25%, 2/22/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
697</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
697,197</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
AMC Networks, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.00%, 12/31/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,683</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,681,957</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Atlantic Broadband Finance LLC, 1st Lien</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Term Loan, 5.25%, 4/04/19</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,030</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,030,968</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
BBHI Acquisition LLC (FKA Bresnan</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Telecommunications Co. LLC), Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.50%, 12/14/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,505</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
2,511,388</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Capsugel Holdings US, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.75%, 8/01/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,234</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,235,270</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Catalina Marketing Corp., Extended Term Loan</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
B, 5.73%, 9/29/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,169</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,152,316</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Cengage Learning Acquisitions, Inc.:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Non-Extended Term Loan, 2.49%, 7/03/14</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
529</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
487,267</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Tranche 1 Incremental, 7.50%, 7/03/14</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
759</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
730,623</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Charter Communications Operating LLC:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Extended Term Loan C, 3.49%, 9/06/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,639</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,634,919</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan D, 4.00%, 5/15/19</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
638</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
637,632</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Clarke American Corp., Term Facility B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
2.73%&#150;2.96%, 6/30/14</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
160</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
143,042</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Clear Channel Communications, Inc.:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan B, 3.88%, 1/28/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,859</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,439,764</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan C, 3.88%, 1/28/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
340</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
258,298</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Cumulus Media, Inc., First Lien Term Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.75%, 9/17/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,393</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,394,929</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<DIV align="left">
<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial">
<TR valign="bottom">
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: center; padding-right: 12pt">
<B>Par</B></TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
<B>Floating Rate Loan Interests (b)</B></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid; padding-right: 12pt">
<B>(000)</B></TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-bottom: #000000 1px solid">
<B>Value</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Media (concluded)</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
EMI Music Publishing Ltd., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt; width: 61%">
5.50%, 6/29/18</TD>
	<TD STYLE="text-align: left; width: 10%; vertical-align: bottom">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt; width: 13%">
985</TD>
	<TD STYLE="text-align: left; width: 4%">&#36; </TD>
 <TD STYLE="text-align: right; width: 10%">991,649</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Gray Television, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
3.75%, 12/31/14</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,388</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,380,249</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Houghton Mifflin Harcourt Publishing Co.,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
DIP Term Loan B, 7.25%, 6/01/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
943</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
953,242</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Hubbard Broadcasting, Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.25%, 4/28/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
877</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
877,940</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Intelsat Jackson Holdings SA (FKA Intelsat</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Jackson Holdings Ltd.), Tranche B Term Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.25%, 4/02/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
5,875</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
5,894,220</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Interactive Data Corp., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.50%, 2/12/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,896</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
2,899,978</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Kabel Deutschland GmbH, Term Loan F,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.25%, 2/01/19</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,650</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,647,013</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Lavena Holding 4 GmbH (Prosiebensat.1</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Media AG):</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan B, 2.95%, 3/06/15</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
EUR</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
304</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
349,790</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan C, 3.32%, 3/04/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
304</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
351,701</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
LIN Television Corp., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.00%, 12/21/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
701</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
705,424</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Newsday LLC, Fixed Rate Term Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
10.50%, 8/01/13</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,500</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
2,513,550</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Nielsen Finance LLC, Class B Term Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
3.99%, 5/02/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,377</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,380,764</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Sinclair Television Group, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.00%, 10/28/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,218</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,217,194</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Univision Communications, Inc.,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Extended Term Loan, 4.48%, 3/31/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,864</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,802,259</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
UPC Broadband Holding BV, Term Loan U,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.15%, 12/29/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
EUR</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
494</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
617,354</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
UPC Financing Partnership:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan, 4.75%, 12/29/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
895</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
897,613</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan T, 3.75%, 12/30/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
165</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
163,454</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
WC Luxco Sarl, Term Loan B3,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.25%, 3/15/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
370</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
368,170</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Weather Channel, Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.25%, 2/13/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,818</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,823,932</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
WideOpenWest Finance LLC, First Lien</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Term Loan, 6.25%, 7/17/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,125</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,124,303</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
43,987,719</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Metals &amp; Mining &#151; 2.6%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Constellium Holding Co BV, Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
9.25%, 5/25/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,125</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,102,500</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Novelis, Inc., Term Loan, 4.00%, 3/10/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,511</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
2,496,113</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
SunCoke Energy, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.00%, 7/26/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
941</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
935,799</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Walter Energy, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.00%, 4/02/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,803</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
2,755,379</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
7,289,791</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Multiline Retail &#151; 1.3%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
99&#162; Only Stores, Term Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.25%, 1/11/19</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,129</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,135,667</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Dollar General Corp., Tranche B-2 Term Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
2.98%, 7/07/14</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
616</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
617,176</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Hema Holding BV:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan B, 2.14%, 7/06/15</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
EUR</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
393</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
476,489</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan C, 2.89%, 7/05/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
393</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
478,962</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
The Neiman Marcus Group, Inc., Term Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.75%, 5/16/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
930</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
930,000</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
3,638,294</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: left;">
See Notes to Financial Statements.</P>
</DIV>

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<A name="page_35"></A><BR>

<a name="_bclPageBorder35"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<DIV align="left">
<TABLE border=0 style="width:100%" cellspacing=0 cellpadding=0 style="font-family: 'Arial';font-size: 10pt;">
<TR valign="bottom">
<TD NOWRAP STYLE="text-align: left; font-size: 14pt; border-top: rgb(57,76,165) 4pt solid">
<FONT color="#0000cc">Consolidated Schedule of Investments (continued)</FONT></TD>
<TD NOWRAP STYLE="border-top: rgb(57,75,165) 4pt solid; text-align: right; vertical-align: bottom; font-size: 8pt; color: #0000cc">
<B><FONT color="#0000cc">BlackRock Floating Rate Income Strategies Fund, Inc. (FRA)</FONT></B></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
<TD NOWRAP STYLE="text-align: right; vertical-align: bottom; font-size: 8pt; color: #0000cc">
<B><FONT color="#0000cc">(Percentages shown are based on Net Assets)</FONT></B></TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<DIV align="left">
<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial">
<TR valign="bottom">
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: center; padding-right: 12pt">
<B>Par</B></TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
<B>Floating Rate Loan Interests (b)</B></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid; padding-right: 12pt">
<B>(000)</B></TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-bottom: #000000 1px solid">
<B>Value</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Oil, Gas &amp; Consumable Fuels &#151; 2.3%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Chesapeake Energy Corp., Unsecured</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt; width: 61%">
Term Loan, 8.50%, 12/01/17</TD>
	<TD STYLE="text-align: left; width: 10%">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt; width: 13%">
2,010</TD>
	<TD STYLE="text-align: left; width: 4%">&#36; </TD>
 <TD STYLE="text-align: right; width: 10%">2,014,321</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Everest Acquisition LLC, Term Loan B1,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.00%, 4/24/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,430</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,433,575</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Gibson Energy ULC, Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.75%, 6/15/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,672</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,678,580</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Obsidian Natural Gas Trust, Term Loan,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
7.00%, 11/02/15</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,176</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,176,408</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
6,302,884</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Paper &amp; Forest Products &#151; 0.7%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Ainsworth Lumber Co. Ltd., Term Loan,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.25%, 6/26/14</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
385</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
372,488</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
NewPage Corp., DIP Term Loan,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
8.00%, 3/07/13</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
450</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
454,221</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Verso Paper Finance Holdings LLC, Term Loan,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
6.49%&#150;7.24%, 2/01/13 (f)</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,429</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,214,560</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
2,041,269</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Pharmaceuticals &#151; 4.1%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Aptalis Pharma, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.50%, 2/10/17</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,447</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
2,437,824</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Pharmaceutical Product Development, Inc.,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Term Loan B, 6.25%, 12/05/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
3,026</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
3,059,555</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Quintiles Transnational Corp., Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.00%, 6/08/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,346</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,348,931</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
RPI Finance Trust:</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Incremental Tranche 2, 4.00%, 11/09/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
200</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
199,709</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan Tranche 2, 4.00%, 5/09/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
988</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
989,033</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Valeant Pharmaceuticals International, Inc.:</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Add-On Term Loan B, 4.75%, 2/13/19</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,281</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,283,684</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Series A Tranche B, 4.75%, 2/13/19</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
940</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
942,181</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Warner Chilcott Corp.:</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Incremental Term Loan B-1,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD STYLE="text-align: left; text-indent: 18.97pt; vertical-align: bottom">4.25%, 3/15/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
204</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
203,362</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan B-1, 4.25%, 3/15/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
539</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
535,521</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan B-2, 4.25%, 3/15/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
269</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
267,760</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
11,267,560</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Professional Services &#151; 1.8%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Booz Allen Hamilton, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.50%, 7/31/19</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,400</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,401,750</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Emdeon, Inc., Term Loan B1,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.00%, 11/02/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,769</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,769,933</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
ON Assignment, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.00%, 5/15/19</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
583</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
580,128</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Truven Health Analytics, Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
6.75%, 6/06/19</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,315</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,324,310</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
5,076,121</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Real Estate Investment Trusts (REITs) &#151; 0.8%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
iStar Financial, Inc.:</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan A1, 5.00%, 6/28/13</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,202</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
2,203,727</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan A2, 7.00%, 6/30/14</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
75</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
75,070</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
2,278,797</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Real Estate Management &amp; Development &#151; 1.6%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Mattamy Funding Partnership, Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
2.69%, 4/11/13</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
400</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
395,385</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Realogy Corp.:</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Extended Letter of Credit Loan,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD STYLE="text-align: left; text-indent: 18.97pt">
4.50%, 10/10/16</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
119</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
114,847</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Extended Synthetic Letter of Credit,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD STYLE="text-align: left; text-indent: 18.97pt">
3.25%, 10/10/13</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
55</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
51,204</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Extended Term Loan, 4.49%, 10/10/16</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
3,747</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
3,616,901</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Stockbridge SBE Holdings LLC, Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
13.00%, 5/02/17</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
190</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
189,050</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
4,367,387</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<DIV align="left">
<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial">
<TR valign="bottom">
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: center; padding-right: 12pt">
<B>Par</B></TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
<B>Floating Rate Loan Interests (b)</B></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid; padding-right: 12pt">
<B>(000)</B></TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-bottom: #000000 1px solid">
<B>Value</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Road &amp; Rail &#151; 0.7%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Avis Budget Car Rental LLC, Incremental</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt; width: 61%">
Term Loan, 6.25%, 9/21/18</TD>
	<TD STYLE="text-align: left; width: 10%">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt; width: 13%">
598</TD>
	<TD STYLE="text-align: left; width: 4%">&#36; </TD>
 <TD STYLE="text-align: right; width: 10%">600,753</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
RailAmerica, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.00%, 3/01/19</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
958</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
957,006</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Road Infrastructure Investment LLC,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Term Loan B, 6.25%, 3/30/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
509</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
506,182</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
2,063,941</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Semiconductors &amp; Semiconductor Equipment &#151; 0.9%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Freescale Semiconductor, Inc., Extended Term</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Loan B, 4.50%, 12/01/16</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,733</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,662,617</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
NXP BV, Term Loan A-2, 5.50%, 3/03/17</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
853</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
862,831</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
2,525,448</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Software &#151; 3.7%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Blackboard, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
7.50%, 10/04/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
552</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
542,909</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Infor US, Inc. (FKA Lawson Software, Inc.),</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Term Loan B, 6.25%, 4/05/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
3,865</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
3,905,048</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Sophia, LP, Term Loan B, 6.25%, 7/19/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,416</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,428,136</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
SS&amp;C Technologies, Inc.:</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan B-1, 5.00%, 6/07/19</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,945</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,947,445</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan B-2, 5.00%, 6/07/19</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
201</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
201,460</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Vertafore, Inc., Term Loan B, 5.25%, 7/29/16</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
675</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
674,054</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
WaveDivision Holdings LLC, Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.50%, 8/23/19</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,530</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,535,707</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
10,234,759</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Specialty Retail &#151; 6.5%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Academy Ltd., Term Loan, 6.00%, 8/03/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,692</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,697,420</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Bass Pro Group LLC, Term Loan,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.25%, 6/13/17</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,224</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,232,180</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Burlington Coat Factory Warehouse Corp., Term</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Loan B1, 5.50%, 2/23/17</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
346</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
346,796</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Claire&#146;s Stores, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
2.98%&#150;3.20%, 5/29/14</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,753</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,720,338</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
General Nutrition Centers, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.25%, 3/02/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,870</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,867,363</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
The Gymboree Corp., Term Loan,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.00%, 2/23/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
286</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
276,771</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Harbor Freight Tools USA, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.50%, 11/14/17</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
995</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
993,597</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Jo-Ann Stores, Inc., Term Loan,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.75%, 3/16/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
642</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
641,887</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Michaels Stores, Inc.:</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Extended Term Loan B3, 5.00%, 7/29/16</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
736</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
739,544</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan B2, 5.00%, 7/29/16</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,365</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,371,536</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Party City Holdings, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.75%, 7/26/19</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,855</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,863,496</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
PETCO Animal Supplies, Inc., Term Loan,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.50%, 11/24/17</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,123</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
2,123,837</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Things Remembered, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
8.00%, 5/24/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
680</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
666,400</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Toys &#145;R&#146; Us Delaware, Inc.:</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Incremental Term Loan B2,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD STYLE="text-align: left; text-indent: 18.97pt">
5.25%, 5/25/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
395</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
378,462</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan, 6.00%, 9/01/16</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
566</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
555,951</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan B3, 5.25%, 5/25/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
209</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
201,096</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
The Yankee Candle Co., Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.25%, 4/02/19</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,377</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,381,891</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
18,058,565</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Textiles, Apparel &amp; Luxury Goods &#151; 1.2%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Ascend Performance Materials LLC,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Term Loan B, 6.75%, 4/10/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,995</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,976,706</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Wolverine Worldwide, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.21%, 6/06/19</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,250</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,257,787</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
3,234,493</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: left;">
See Notes to Financial Statements.</P>
</DIV>

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<a name="_bclPageBorder36"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<DIV align="left">
<TABLE border=0 style="width:100%" cellspacing=0 cellpadding=0 style="font-family: 'Arial';font-size: 10pt;">
<TR valign="bottom">
<TD NOWRAP STYLE="text-align: left; font-size: 14pt; border-top: rgb(57,76,165) 4pt solid">
<FONT color="#0000cc">Consolidated Schedule of Investments (continued)</FONT></TD>
<TD NOWRAP STYLE="border-top: rgb(57,75,165) 4pt solid; text-align: right; vertical-align: bottom; font-size: 8pt; color: #0000cc"><FONT STYLE="font-size: 7pt; color: #0000cc"><B>BlackRock
Floating Rate Income Strategies Fund, Inc. (FRA)</B></FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
<TD NOWRAP STYLE="text-align: right; vertical-align: bottom; font-size: 8pt; color: #0000cc"><FONT STYLE="font-size: 7pt; color: #0000cc"><B>(Percentages
shown are based on Net Assets)</B></FONT></TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<DIV align="left">
<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial">
<TR valign="bottom">
	<TD STYLE="text-align: left">
&nbsp;</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: center; padding-right: 12pt">
<B>Par</B></TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
<B>Floating Rate Loan Interests (b)</B></TD>

    <TD STYLE="text-align: left; border-bottom: #000000 1px solid">&nbsp;</TD><TD STYLE="text-align: center; border-bottom: #000000 1px solid; padding-right: 12pt">
<B>(000)</B></TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-bottom: #000000 1px solid">
<B>Value</B></TD>
</TR>
<TR>
	<TD COLSPAN="5">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Wireless Telecommunication Services &#151; 1.7%</FONT></B></TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Crown Castle International Corp., Term Loan B,</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.00%, 1/31/19</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: right; padding-right: 12pt">
USD 608</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">&#36; </TD>
 <TD STYLE="text-align: right">607,561</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
MetroPCS Wireless, Inc.:</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan B-3, 4.00%, 3/16/18</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: right; padding-right: 12pt">
245</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
244,144</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Tranche B-2 Term Loan, 4.07%, 11/03/16</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: right; padding-right: 12pt">
971</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
969,697</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Vodafone Americas Finance 2, Inc. (f):</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan, 6.88%, 8/11/15</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: right; padding-right: 12pt">
2,093</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
2,177,122</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan B, 6.25%, 7/11/16</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: right; padding-right: 12pt">
722</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
736,312</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>

    <TD STYLE="text-align: left; border-bottom: #000000 1px solid">&nbsp;</TD><TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
4,734,836</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid">
<B>Total Floating Rate Loan Interests &#151; 126.7%</B></TD>

    <TD STYLE="text-align: left; border-bottom: #000000 2px solid">&nbsp;</TD><TD STYLE="text-align: left; border-bottom: #000000 2px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 2px solid">
350,795,697</TD>
</TR>
<TR>
	<TD COLSPAN="5">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-top: rgb(57,76,165) 4pt solid">
&nbsp;</TD>

    <TD STYLE="border-top: rgb(57,76,165) 4pt solid">&nbsp;</TD><TD STYLE="text-align: center; padding-right: 12pt; border-top: rgb(57,76,165) 4pt solid">
<B>Beneficial</B></TD>
	<TD COLSPAN="2" STYLE="text-align: left; border-top: rgb(57,76,165) 4pt solid">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
&nbsp;</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: center; padding-right: 12pt">
<B>Interest</B></TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
<B>Other Interests (h)</B></TD>

    <TD STYLE="text-align: left; border-bottom: #000000 1px solid">&nbsp;</TD><TD STYLE="text-align: center; border-bottom: #000000 1px solid; padding-right: 12pt">
<B>(000)</B></TD>
	<TD COLSPAN="2" STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Chemicals &#151; 0.0%</FONT></B></TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
Wellman Holdings, Inc., Litigation Trust Certificate</TD>

    <TD STYLE="text-align: left; border-bottom: #000000 1px solid">&nbsp;</TD><TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
4,750</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
48</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Diversified Financial Services &#151; 0.3%</FONT></B></TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
J.G. Wentworth LLC Preferred Equity Interests (d)</TD>

    <TD STYLE="text-align: left; border-bottom: #000000 1px solid">&nbsp;</TD><TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 8pt">
&#151;(i)</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
835,717</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid">
<B>Total Other Interests &#151; 0.3%</B></TD>

    <TD STYLE="text-align: left; border-bottom: #000000 2px solid">&nbsp;</TD><TD STYLE="text-align: left; border-bottom: #000000 2px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 2px solid">
835,765</TD>
</TR>
<TR>
	<TD COLSPAN="5">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: Black 1px solid; border-top: rgb(57,76,165) 4pt solid">
<B>Warrants (j) &#151; 0.0%</B></TD>

    <TD STYLE="text-align: left; border-bottom: Black 1px solid; border-top: rgb(57,76,165) 4pt solid">&nbsp;</TD><TD STYLE="text-align: right; border-bottom: Black 1px solid; padding-right: 12pt; border-top: rgb(57,76,165) 4pt solid">
<B>Shares</B></TD>
	<TD COLSPAN="2" STYLE="text-align: left; border-bottom: Black 1px solid; border-top: rgb(57,76,165) 4pt solid">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Software &#151; 0.0%</FONT></B></TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
HMH Holdings/EduMedia (Issued/Exercisable 3/09/10,</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
19 Shares for 1 Warrant, Expires 6/22/19, Strike</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 5.98pt">
Price &#36;42.27)</TD>

    <TD STYLE="text-align: left; border-bottom: #000000 1px solid">&nbsp;</TD><TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
1,202</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
&#151;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B>Total Long-Term Investments</B></TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid">
<B>(Cost &#151; &#36;400,628,030) &#151; 144.6%</B></TD>

    <TD STYLE="text-align: left; border-bottom: #000000 2px solid">&nbsp;</TD><TD STYLE="text-align: left; border-bottom: #000000 2px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 2px solid">
400,376,933</TD>
</TR>
<TR>
	<TD COLSPAN="5">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: Black 1px solid; border-top: rgb(57,76,165) 4pt solid">
<B>Short-Term Securities</B></TD>

    <TD STYLE="text-align: left; border-bottom: Black 1px solid; border-top: rgb(57,76,165) 4pt solid">&nbsp;</TD><TD STYLE="text-align: left; border-bottom: Black 1px solid; padding-right: 12pt; border-top: rgb(57,76,165) 4pt solid">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left; border-bottom: Black 1px solid; border-top: rgb(57,76,165) 4pt solid">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
BlackRock Liquidity Funds, TempFund,</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 5.98pt">
Institutional Class, 0.15% (k)(l)</TD>

    <TD STYLE="text-align: left; border-bottom: #000000 1px solid">&nbsp;</TD><TD STYLE="text-align: center; border-bottom: #000000 1px solid; padding-right: 12pt">
1,779,337</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,779,337</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B>Total Short-Term Securities</B></TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid">
<B>(Cost &#151; &#36;1,779,337) &#151; 0.6%</B></TD>

    <TD STYLE="text-align: left; border-bottom: #000000 2px solid">&nbsp;</TD><TD STYLE="text-align: left; border-bottom: #000000 2px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 2px solid">
1,779,337</TD>
</TR>
<TR>
	<TD COLSPAN="5">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: Black 1px solid; border-top: rgb(57,76,165) 4pt solid">
<B>Options Purchased</B></TD>

    <TD STYLE="text-align: left; border-bottom: Black 1px solid; border-top: rgb(57,76,165) 4pt solid">&nbsp;</TD><TD STYLE="text-align: right; border-bottom: Black 1px solid; padding-right: 12pt; border-top: rgb(57,76,165) 4pt solid">
<B>Contracts</B></TD>
	<TD COLSPAN="2" STYLE="text-align: left; border-bottom: Black 1px solid; border-top: rgb(57,76,165) 4pt solid">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Over-the-Counter Call Options &#151; 0.0%</FONT></B></TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Marsico Parent Superholdco LLC, Strike Price USD</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
942.86, Expires 12/14/19, Broker Goldman Sachs</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 5.98pt">
Group, Inc.</TD>

    <TD STYLE="text-align: left; border-bottom: #000000 1px solid">&nbsp;</TD><TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
20</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
&#151;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B>Total Options Purchased</B></TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
<B>(Cost &#151; &#36;19,556) &#151; 0.0%</B></TD>

    <TD STYLE="text-align: left; border-bottom: #000000 1px solid">&nbsp;</TD><TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
&#151;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B>Total Investments (Cost&#151;&#36;402,426,923) &#151; 145.2%</B></TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
402,156,270</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B>Liabilities in Excess of Other Assets &#151; (45.2)%</B></TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
(125,166,270)</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; width: 61%">
<B>Net Assets &#151; 100.0%</B></TD>

    <TD STYLE="width: 10%">&nbsp;</TD><TD STYLE="text-align: left; padding-right: 12pt; width: 13%">
&nbsp;</TD>
	<TD STYLE="text-align: left; width: 4%; border-bottom: Black 2px solid; vertical-align: bottom">&#36;</TD>
 <TD STYLE="text-align: right; width: 10%; border-bottom: Black 2px solid">276,990,000</TD>
</TR>
<TR STYLE="vertical-align: bottom">
        <TD STYLE="text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="text-align: left; padding-right: 12pt; border-bottom: Black 1pt solid">&nbsp;</TD>
        <TD STYLE="text-align: left; border-bottom: Black 1pt solid; vertical-align: bottom">&nbsp;</TD>
 <TD STYLE="text-align: right; border-bottom: Black 1pt solid">&nbsp;</TD></TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 20pt; text-align: left">(a)</TD><TD>Security exempt from registration pursuant to Rule 144A under
the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional
investors.</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 20pt; text-align: left">(b)</TD><TD>Variable rate security. Rate shown is as of report date.</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 20pt; text-align: left">(c)</TD><TD>When-issued security. Unsettled when-issued transactions
were as follows:</TD>
</TR></TABLE>
<DIV align="left">
<TABLE border=0 style="width:100%" cellspacing=0 cellpadding=0 style="font-family: 'Arial';font-size: 10pt;">
<TR valign="bottom">
	<TD STYLE="text-align: left; width: 34%; border-bottom: Black 1px solid; border-top: Black 1pt solid">
<B>Counterparty</B></TD>
	<TD STYLE="text-align: center; width: 27%; border-bottom: Black 1px solid; border-top: Black 1pt solid">
<B>Value</B></TD>
	<TD STYLE="text-align: center; width: 38%; border-bottom: Black 1px solid; border-top: Black 1pt solid">
<B>Unrealized Appreciation</B></TD>
</TR>
<TR valign="bottom">
	<TD align=left width=34% style="border-bottom:1px solid #000000;">
Credit Suisse Group AG</TD>
	<TD align=center width=27% style="border-bottom:1px solid #000000;">
&#36;692,250</TD>
	<TD align=center width=38% style="border-bottom:1px solid #000000;">
&#151;</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 20pt; text-align: left">(d)</TD><TD>Non-income producing security.</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 20pt; text-align: left">(e)</TD><TD>Represents a zero-coupon bond. Rate shown reflects the current
yield as of report date.</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 20pt; text-align: left">(f)</TD><TD>Represents a payment-in-kind security which may pay interest/dividends
in additional par/shares.</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 20pt; text-align: left">(g)</TD><TD>Issuer filed for bankruptcy and/or is in default of principal
and/or interest payments.</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 20pt; text-align: left">(h)</TD><TD>Other interests represent beneficial interests in liquidation
trusts and other reorganization or private entities.</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 20pt; text-align: left">(i)</TD><TD>Amount is less than &#36;500.</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 20pt; text-align: left">(j)</TD><TD>Warrants entitle the Fund to purchase a predetermined number
of shares of common stock and are non-income producing. The purchase price and number of shares are subject to adjustment under
certain conditions until the expiration date, if any.</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 20pt; text-align: left">(k)</TD><TD>Investments in issuers considered to be an affiliate of the
Fund during the year ended August 31, 2012, for purposes of Section 2(a)(3) of the 1940 Act, were as follows:</TD>
</TR></TABLE>
<DIV align="left">
<TABLE border=0 style="width:100%" cellspacing=0 cellpadding=0 style="font-family: 'Arial';font-size: 10pt;">
<TR valign="bottom">
	<TD STYLE="text-align: left; width: 39%; border-top: Black 1pt solid">
&nbsp;</TD>
	<TD STYLE="width: 36%; text-align: center; vertical-align: bottom; border-top: Black 1pt solid">
<B>Shares Held at</B></TD>
	<TD STYLE="width: 16%; text-align: center; vertical-align: bottom; border-top: Black 1pt solid">
<B>Net</B></TD>
	<TD STYLE="width: 24%; text-align: center; text-indent: 3.15pt; vertical-align: bottom; border-top: Black 1pt solid"><B>Shares Held at</B></td>
 <TD STYLE="text-align: left; width: 17%; text-indent: 3.15pt; border-top: Black 1pt solid">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
<B>Affiliate</B></TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: center; vertical-align: bottom">
<B>August 31, 2011</B></TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: center; vertical-align: bottom">
<B>Activity</B></TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: center; vertical-align: bottom"><B>August 31, 2012 </B></TD>
 <TD STYLE="border-bottom: #000000 1px solid; text-align: center; vertical-align: bottom"><B>Income</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
BlackRock Liquidity</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Funds, TempFund,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 5.98pt">
Institutional Class</TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: center; vertical-align: bottom">
5,396,667</TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: center; vertical-align: bottom">
(3,617,330)</TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: center; vertical-align: bottom">
1,779,337</TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: center; vertical-align: bottom">
&#36;1,172</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 20pt; text-align: left">(l)</TD><TD>Represents the current yield as of report date.</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 20pt; text-align: left">&#149;</TD><TD>For Fund compliance purposes, the Fund&#146;s industry classifications
refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or rating group
indexes, and/or as defined by Fund management. These definitions may not apply for purposes of this report, which may combine
such industry sub-classifications for reporting ease.</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 20pt; text-align: left">&#149;</TD><TD>Foreign currency exchange contracts as of August 31, 2012
were as follows:</TD>
</TR></TABLE>
<DIV align="left">
<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial">
<TR valign="bottom">
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: center">
<B>Unrealized</B></TD>
</TR>
<TR valign="bottom">
	<TD COLSPAN="2" STYLE="text-align: left">
<B>Currency</B></TD>
	<TD COLSPAN="2" STYLE="text-align: center">
<B>Currency</B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: center">
<B>Settlement</B></TD>
	<TD COLSPAN="2" STYLE="text-align: center">
<B>Appreciation</B></TD>
</TR>
<TR valign="bottom">
	<TD COLSPAN="2" STYLE="text-align: left; border-bottom: #000000 1px solid">
<B>Purchased</B></TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-bottom: #000000 1px solid; vertical-align: bottom"><B>Sold</B></TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid">
<B>Counterparty</B></TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid">
<B>Date</B></TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-bottom: #000000 1px solid">
<B>(Depreciation)</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
USD</TD>
	<TD STYLE="text-align: right">
30,190</TD>
	<TD STYLE="text-align: right">
EUR</TD>
	<TD STYLE="text-align: right">
24,000</TD>
	<TD STYLE="text-align: center">
Deutsche</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; width: 6%">
&nbsp;</TD>
	<TD STYLE="text-align: left; width: 14%">
&nbsp;</TD>
	<TD STYLE="text-align: left; width: 7%">
&nbsp;</TD>
	<TD STYLE="text-align: left; width: 15%">
&nbsp;</TD>
	<TD STYLE="text-align: center; width: 21%">
Bank AG</TD>
	<TD STYLE="text-align: center; vertical-align: bottom; width: 17%">
9/05/12</TD>
	<TD STYLE="text-align: left; width: 6%; vertical-align: bottom">&#36; </TD>
 <TD STYLE="text-align: right; width: 9%">3</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
USD</TD>
	<TD STYLE="text-align: right">
1,756,637</TD>
	<TD STYLE="text-align: right">
CAD</TD>
	<TD STYLE="text-align: right">
1,784,000</TD>
	<TD STYLE="text-align: center">
UBS AG</TD>
	<TD STYLE="text-align: center">
10/17/12</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
(51,520)</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
USD</TD>
	<TD STYLE="text-align: right">
219,347</TD>
	<TD STYLE="text-align: right">
GBP</TD>
	<TD STYLE="text-align: right">
140,000</TD>
	<TD STYLE="text-align: center">
Citibank NA</TD>
	<TD STYLE="text-align: center">
10/17/12</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
(2,919)</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
USD</TD>
	<TD STYLE="text-align: right">
2,400,001</TD>
	<TD STYLE="text-align: right">
GBP</TD>
	<TD STYLE="text-align: right">
1,546,000</TD>
	<TD STYLE="text-align: center">
UBS AG</TD>
	<TD STYLE="text-align: center">
10/17/12</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
(54,454)</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
USD</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid">
4,273,223</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid">
EUR</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid">
3,485,500</TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid">
Citibank NA</TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid">
10/22/12</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
(113,100)</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B>Total</B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="border-bottom: Black 2px solid; text-align: left; vertical-align: bottom">&#36; </TD>
 <TD STYLE="border-bottom: Black 2px solid; text-align: right">(221,990)</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: left;">
&#149; Credit default swaps on traded indexes &#151; buy protection outstanding as of August 31, 2012 were as follows:</P>
<DIV align="left">
<TABLE border=0 style="width:100%" cellspacing=0 cellpadding=0 style="font-family: 'Arial';font-size: 10pt;">
<TR valign="bottom">
	<TD STYLE="text-align: left; width: 19%; border-top: Black 1pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: center; width: 10%; border-top: Black 1pt solid">
<B>Pay</B></TD>
	<TD STYLE="text-align: left; width: 18%; border-top: Black 1pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; width: 14%; border-top: Black 1pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: center; width: 17%; border-top: Black 1pt solid">
<B>Notional</B></TD>
	<TD STYLE="text-align: left; width: 17%; border-top: Black 1pt solid">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=19%>
&nbsp;</TD>
	<TD align=center width=10%>
<B>Fixed</B></TD>
	<TD align=left width=18%>
&nbsp;</TD>
	<TD align=right width=14%>
<B>Expiration</B></TD>
	<TD align=center width=17%>
<B>Amount</B></TD>
	<TD align=center width=17%>
<B>Unrealized</B></TD>
</TR>
<TR valign="bottom">
	<TD align=left width=19% style="border-bottom:1px solid #000000;">
<B>Index</B></TD>
	<TD align=center width=10% style="border-bottom:1px solid #000000;">
<B>Rate</B></TD>
	<TD align=left width=18% style="border-bottom:1px solid #000000;">
<B>Counterparty</B></TD>
	<TD align=center width=14% style="border-bottom:1px solid #000000;">
<B>Date</B></TD>
	<TD align=center width=17% style="border-bottom:1px solid #000000;">
<B>(000)</B></TD>
	<TD align=center width=17% style="border-bottom:1px solid #000000;">
<B>Depreciation</B></TD>
</TR>
<TR valign="bottom">
	<TD align=left width=19% style="TEXT-INDENT:0.001587pt">
Dow Jones</TD>
	<TD align=left width=10%>
&nbsp;</TD>
	<TD align=left width=18%>
&nbsp;</TD>
	<TD align=left width=14%>
&nbsp;</TD>
	<TD align=left width=17%>
&nbsp;</TD>
	<TD align=left width=17%>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=19% style="TEXT-INDENT:5.988403pt">
CDX North</TD>
	<TD align=left width=10%>
&nbsp;</TD>
	<TD align=left width=18%>
&nbsp;</TD>
	<TD align=left width=14%>
&nbsp;</TD>
	<TD align=left width=17%>
&nbsp;</TD>
	<TD align=left width=17%>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=19% style="TEXT-INDENT:5.988403pt">
America High</TD>
	<TD align=left width=10%>
&nbsp;</TD>
	<TD align=left width=18%>
&nbsp;</TD>
	<TD align=left width=14%>
&nbsp;</TD>
	<TD align=left width=17%>
&nbsp;</TD>
	<TD align=left width=17%>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=19% style="TEXT-INDENT:5.988403pt">
Yield Index</TD>
	<TD align=left width=10%>
&nbsp;</TD>
	<TD align=left width=18%>
&nbsp;</TD>
	<TD align=left width=14%>
&nbsp;</TD>
	<TD align=left width=17%>
&nbsp;</TD>
	<TD align=left width=17%>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=19% style="TEXT-INDENT:5.988403pt">
Series 18,</TD>
	<TD align=left width=10%>
&nbsp;</TD>
	<TD align=left width=18% style="TEXT-INDENT:0.002319pt">
JPMorgan</TD>
	<TD align=left width=14%>
&nbsp;</TD>
	<TD align=left width=17%>
&nbsp;</TD>
	<TD align=left width=17%>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=19% style="border-bottom:1px solid #000000;" style="TEXT-INDENT:5.988403pt">
Version 2</TD>
	<TD align=center width=10% style="border-bottom:1px solid #000000;">
5.00%</TD>
	<TD align=left width=18% style="border-bottom:1px solid #000000;" style="TEXT-INDENT:0.002319pt">
Chase &amp; Co.</TD>
	<TD align=right width=14% style="border-bottom:1px solid #000000;">
6/20/17</TD>
	<TD align=center width=17% style="border-bottom:1px solid #000000;">
USD 3,614</TD>
	<TD align=center width=17% style="border-bottom:1px solid #000000;">
&#36;(146,707)</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 20pt; text-align: left">&#149;</TD><TD>Fair Value Measurements &#151; Various inputs are used in
determining the fair value of investments and derivative financial instrument. These inputs to valuation techniques are categorized
into a disclosure hierarchy consisting of three broad levels for financial statement purposes as follows:</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20pt"></TD><TD STYLE="width: 20pt; text-align: left">&#149;</TD><TD>Level 1&#151;unadjusted price quotations in active markets/exchanges
for identical assets and liabilities</TD>
</TR></TABLE>
<P style="text-align: left;">
See Notes to Financial Statements.</P>
</DIV>

<!-- Field: Page; Sequence: 36; Value: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; padding-top: 6pt; padding-bottom: 12pt; border-top: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 9pt Arial, Helvetica, Sans-Serif"><TR><TD STYLE="text-align: left; width: 33%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->36<!-- Field: /Sequence --></TD><TD STYLE="text-align: center; width: 34%">ANNUAL REPORT</TD><TD STYLE="text-align: right; width: 33%">AUGUST 31, 2012</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->




<A name="page_37"></A><BR>

<a name="_bclPageBorder37"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<DIV align="left">
<TABLE border=0 style="width:100%" cellspacing=0 cellpadding=0 style="font-family: 'Arial';font-size: 10pt;">
<TR valign="bottom">
<TD NOWRAP STYLE="text-align: left; font-size: 14pt; border-top: rgb(57,76,165) 4pt solid">
<FONT color="#0000cc">Consolidated Schedule of Investments (continued)</FONT></TD>
<TD NOWRAP STYLE="border-top: rgb(57,75,165) 4pt solid; text-align: right; vertical-align: bottom; font-size: 8pt; color: #0000cc"><FONT STYLE="font-size: 7pt; color: #0000cc"><B>BlackRock
Floating Rate Income Strategies Fund, Inc. (FRA)</B></FONT></TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20pt"></TD><TD STYLE="width: 20pt; text-align: left">&#149;</TD><TD>Level 2 &#151; other observable inputs (including, but
not limited to: quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar
assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities
(such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other
market-corroborated inputs)</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20pt"></TD><TD STYLE="width: 20pt; text-align: left">&#149;</TD><TD>Level3&#151;unobservable inputs based on the best information
available in the circumstances, to the extent observable inputs are not available (including the Fund&#146;s own assumptions used
in determining the fair value of investments and derivative financial instrument)</TD>
</TR></TABLE>
<P STYLE="margin-top: 0; margin-bottom: 9pt; margin-left: 0; text-indent: 0">Changes in valuation techniques may result in transfers
into or out of an assigned level within the disclosure hierarchy. In accordance with the Fund&#146;s policy, transfers between
different levels of the fair value disclosure hierarchy are deemed to have occurred as of the beginning of the reporting period.
The categorization of a value determined for investments and derivative financial instrument is based on the pricing transparency
of the investment and derivative financial instrument and is not necessarily an indication of the risks associated with investing
in those securities. For information about the Fund&#146;s policy regarding valuation of investments and derivative financial
instruments and other significant accounting policies, please refer to Note 1 of the Notes to Financial Statements.</P>
<P style="text-align: left;">
The following tables summarize the Fund&#146;s investments and derivative financial instrument categorized in the disclosure hierarchy as of August 31, 2012:</P>
<DIV align="left">
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; border-bottom: Black 1pt solid; border-top: Black 1pt solid; vertical-align: bottom">&nbsp;</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; border-top: Black 1pt solid; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; border-top: Black 1pt solid; vertical-align: bottom">Level 1</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; border-top: Black 1pt solid; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; border-top: Black 1pt solid; vertical-align: bottom">Level 2</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; border-top: Black 1pt solid; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; border-top: Black 1pt solid; vertical-align: bottom">Level 3</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; border-top: Black 1pt solid; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; border-top: Black 1pt solid; vertical-align: bottom">Total</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left">Assets:</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Investments:</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Long-Term Investments:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 5.98pt">Asset-Backed</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 40%; text-align: left; text-indent: 11.97pt">Securities</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">&mdash;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">&mdash;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">7,043,642</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">7,043,642</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 5.98pt">Common</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 11.97pt">Stocks</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">1,674,432</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">788,716</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">6,034</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,469,182</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 5.98pt">Corporate</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 11.97pt">Bonds</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">36,877,443</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,355,204</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">39,232,647</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 5.98pt">Floating</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 11.97pt">Rate Loan</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 11.97pt">Interests</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">327,615,178</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">23,180,519</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">350,795,697</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 5.98pt">Other Interests</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">835,765</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">835,765</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Short-Term</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 5.98pt">Securities</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,779,337</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,779,337</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left">Total</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">3,453,769</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">365,281,337</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">33,421,164</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">402,156,270</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD></TR>
</TABLE>

</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<DIV align="left">
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid; border-top: Black 1pt solid">&nbsp;</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; border-top: Black 1pt solid">Level 1</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; border-top: Black 1pt solid">Level 2</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; border-top: Black 1pt solid">Level 3</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: left; border-bottom: Black 1pt solid; border-top: Black 1pt solid">Total</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Derivative Financial Instruments<SUP>1</SUP></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: 0pt">Assets:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 5.98pt">Foreign currency</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 11.97pt">exchange</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 40%; text-align: left; text-indent: 11.97pt">contracts</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">&mdash;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">3</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">&mdash;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">3</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: 0pt">Liabilities:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 5.98pt">Credit</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 11.97pt">contracts</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(146,707</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(146,707</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 5.98pt">Foreign currency</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 11.97pt">exchange</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 11.97pt">contracts</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(221,993</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">)</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(221,993</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: 0pt">Total</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">&mdash;</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">(368,697</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">)</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">&mdash;</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">(368,697</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">)</TD></TR>
</TABLE>

</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20pt"></TD><TD STYLE="width: 20pt; text-align: left"><SUP>1</SUP></TD><TD>Derivative financial instruments are swaps, foreign currency
exchange contracts and options. Swaps and foreign exchange contracts are valued at the unrealized appreciation/depreciation on
the instrument and options are shown at value.</TD>
</TR></TABLE>
<P style="text-align: left;">
Certain of the Fund&#146;s assets and liabilities are held at carrying amount, which approximates fair value for financial statement purposes. As of August 31, 2012, such assets and liabilities are categorized within the disclosure hierarchy as
follows:</P>
<DIV align="left">
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; border-bottom: Black 1pt solid; border-top: Black 1pt solid">Valuation Inputs</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; border-top: Black 1pt solid">Level 1</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; border-top: Black 1pt solid">Level 2</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; border-top: Black 1pt solid">Level 3</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; border-top: Black 1pt solid">Total</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left">Assets:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 40%; text-align: left; text-indent: 5.98pt">Cash</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">3,216</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">&mdash;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">&mdash;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">3,216</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 5.98pt">Foreign currency</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;at value</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">74,079</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">74,079</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left">Liabilities:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 5.98pt">Loan payable</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(117,000,000</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">)</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(117,000,000</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left">Total</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">77,295</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">(117,000,000</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">)</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">&mdash;</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">(116,922,705</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">)</TD></TR>
</TABLE>

</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: left;">
There were no transfers between levels during the year ended August 31, 2012.</P>
<P style="text-align: left;">
See Notes to Financial Statements.</P>
</DIV>

<!-- Field: Page; Sequence: 37 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; padding-top: 6pt; padding-bottom: 12pt; border-top: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 9pt Arial, Helvetica, Sans-Serif"><TR><TD STYLE="text-align: left; width: 33%">AUGUST 31, 2012</TD><TD STYLE="text-align: center; width: 34%">ANNUAL REPORT</TD><TD STYLE="text-align: right; width: 33%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->37<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->




<A name="page_38"></A><BR>

<a name="_bclPageBorder38"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<DIV align="left">
<TABLE border=0 style="width:100%" cellspacing=0 cellpadding=0 style="font-family: 'Arial';font-size: 10pt;">
<TR valign="bottom">
<TD NOWRAP STYLE="text-align: left; font-size: 14pt; border-top: rgb(57,76,165) 4pt solid">
<FONT color="#0000cc">Consolidated Schedule of Investments (concluded)</FONT></TD>
<TD NOWRAP STYLE="border-top: rgb(57,75,165) 4pt solid; text-align: right; vertical-align: bottom; font-size: 8pt; color: #0000cc"><FONT STYLE="font-size: 7pt; color: #0000cc"><B>BlackRock
Floating Rate Income Strategies Fund, Inc. (FRA)</B></FONT></TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: left;">
The following table summarizes the valuation techniques used and unobservable inputs developed by the Global Valuation Committee to determine the value of certain of the Fund&#146;s Level 3 investments as of August 31, 2012:</P>
<DIV align="left">
<TABLE border=0 style="width:100%" cellspacing=0 cellpadding=0 style="font-family: 'Arial';font-size: 10pt;">
<TR valign="bottom">
	<TD STYLE="text-align: left; width: 20%; border-top: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left; width: 11%; border-top: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left; width: 21%; padding-left: 4; border-top: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left; width: 18%; border-top: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="width: 14%; text-align: center; vertical-align: bottom; border-top: Black 1pt solid"><FONT STYLE="font-size: 8pt"><B>Range of</B></FONT></TD>
	<TD STYLE="width: 13%; text-align: center; vertical-align: bottom; border-top: Black 1pt solid"><FONT STYLE="font-size: 8pt"><B>Weighted </B><BR>
 <B>Average of</B></FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt"><B>Value</B></FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 0pt; padding-left: 4"><FONT STYLE="font-size: 8pt"><B>Valuation
 Techniques</B></FONT></TD>
	<TD NOWRAP STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 0pt"><FONT STYLE="font-size: 8pt"><B>Unobservable
 Inputs <SUP>1</SUP></B></FONT></TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: center; vertical-align: bottom"><FONT STYLE="font-size: 8pt"><B>Unobservable
 </B><BR>
 <B>Inputs</B></FONT></TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: center; vertical-align: bottom"><FONT STYLE="font-size: 8pt"><B>Unobservable
 </B><BR>
 <B>Inputs<SUP>2</SUP></B></FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt"><FONT STYLE="font-size: 8pt"><B>Assets:</B></FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left; padding-left: 4"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: center; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: center; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt"><FONT STYLE="font-size: 8pt">Common Stocks</FONT></TD>
	<TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&#36; 6,034</FONT></TD>
	<TD STYLE="text-align: left; text-indent: 0pt; padding-left: 4"><FONT STYLE="font-size: 8pt">Market Comparable Companies</FONT></TD>
	<TD STYLE="text-align: left; text-indent: 0pt"><FONT STYLE="font-size: 8pt">EBITDA Multiple</FONT></TD>
	<TD STYLE="text-align: center; vertical-align: bottom"><FONT STYLE="font-size: 8pt">5.0x</FONT></TD>
	<TD STYLE="text-align: center; vertical-align: bottom"><FONT STYLE="font-size: 8pt">5.0x</FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left; padding-left: 4"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left; text-indent: 0pt"><FONT STYLE="font-size: 8pt">Illiquidity Discount</FONT></TD>
	<TD STYLE="text-align: center; vertical-align: bottom"><FONT STYLE="font-size: 8pt">20%</FONT></TD>
	<TD STYLE="text-align: center; vertical-align: bottom"><FONT STYLE="font-size: 8pt">20%</FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left; padding-left: 4"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left; text-indent: 0pt"><FONT STYLE="font-size: 8pt">Proforma Revenue Increase</FONT></TD>
	<TD STYLE="text-align: center; vertical-align: bottom"><FONT STYLE="font-size: 8pt">37%</FONT></TD>
	<TD STYLE="text-align: center; vertical-align: bottom"><FONT STYLE="font-size: 8pt">37%</FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt"><FONT STYLE="font-size: 8pt">Corporate Bonds</FONT></TD>
	<TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">2,015,774</FONT></TD>
	<TD NOWRAP STYLE="text-align: left; padding-left: 4"><FONT STYLE="font-size: 8pt">Market Comparable Companies</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">EBITDA Multiple</FONT></TD>
	<TD STYLE="text-align: center; vertical-align: bottom"><FONT STYLE="font-size: 8pt">5.0x</FONT></TD>
	<TD STYLE="text-align: center; vertical-align: bottom"><FONT STYLE="font-size: 8pt">5.0x</FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left; padding-left: 4"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left; text-indent: 0pt"><FONT STYLE="font-size: 8pt">Illiquidity Discount</FONT></TD>
	<TD STYLE="text-align: center; vertical-align: bottom"><FONT STYLE="font-size: 8pt">20%</FONT></TD>
	<TD STYLE="text-align: center; vertical-align: bottom"><FONT STYLE="font-size: 8pt">20%</FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left; padding-left: 4"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD NOWRAP STYLE="text-align: left; text-indent: 0pt"><FONT STYLE="font-size: 8pt">Proforma Revenue Increase</FONT></TD>
	<TD STYLE="text-align: center; vertical-align: bottom"><FONT STYLE="font-size: 8pt">37%</FONT></TD>
	<TD STYLE="text-align: center; vertical-align: bottom"><FONT STYLE="font-size: 8pt">37%</FONT></TD>
</TR>
<TR valign="bottom">
	<TD NOWRAP STYLE="text-align: left; text-indent: 0pt"><FONT STYLE="font-size: 8pt">Floating Rate Loan Interests</FONT></TD>
	<TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">4,420,404</FONT></TD>
	<TD STYLE="text-align: left; padding-left: 4"><FONT STYLE="font-size: 8pt">Market Comparable Companies</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">Illiquidity Discount</FONT></TD>
	<TD STYLE="text-align: center; vertical-align: bottom"><FONT STYLE="font-size: 8pt">50%</FONT></TD>
	<TD STYLE="text-align: center; vertical-align: bottom"><FONT STYLE="font-size: 8pt">50%</FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left; padding-left: 4"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left; text-indent: 0pt"><FONT STYLE="font-size: 8pt">Yield</FONT></TD>
	<TD STYLE="text-align: center; vertical-align: bottom"><FONT STYLE="font-size: 8pt">9.65%</FONT></TD>
	<TD STYLE="text-align: center; vertical-align: bottom"><FONT STYLE="font-size: 8pt">9.65%</FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 0pt; padding-left: 4"><FONT STYLE="font-size: 8pt">Cost</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 0pt"><FONT STYLE="font-size: 8pt">N/A<SUP>3</SUP></FONT></TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: center; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&#151;</FONT></TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: center; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&#151;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"><B>Total<SUP>4</SUP></B></FONT></TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid"><FONT STYLE="font-size: 8pt">&#36;6,442,212</FONT></TD>
	<TD STYLE="text-align: left; padding-left: 4"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: center; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: center; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20pt"></TD><TD STYLE="width: 20pt; text-align: left"><SUP>1</SUP></TD><TD>A change to the unobservable input may result in a significant
change to the value of the investment as follows:</TD>
</TR></TABLE>
<DIV align="left">
<TABLE border=0 style="width:100%" cellspacing=0 cellpadding=0 style="font-family: 'Arial';font-size: 10pt;">
<TR valign="bottom">
	<TD STYLE="text-align: left; border-top: Black 1pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: center; border-top: Black 1pt solid">
<B>Impact to</B></TD>
	<TD STYLE="text-align: center; width: 16%; border-top: Black 1pt solid">
<B>Impact to</B></TD>
</TR>
<TR valign="bottom">
	<TD align=left width=41% style="border-bottom:1px solid #000000;" style="TEXT-INDENT:0.000793pt">
<B>Unobservable Input</B></TD>
	<TD align=center width=42% style="border-bottom:1px solid #000000;">
<B>Value if Input Increases</B></TD>
	<TD NOWRAP STYLE="text-align: center; width: 16%; border-bottom: #000000 1px solid">
<B>Value if Input Decreases</B></TD>
</TR>
<TR valign="bottom">
	<TD align=left width=41% style="TEXT-INDENT:0.001587pt">
EBITDA Multiple</TD>
	<TD align=center>
Increase</TD>
	<TD align=center width=16%>
Decrease</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=41% style="TEXT-INDENT:0.000793pt">
Illiquidity Discount.</TD>
	<TD align=center>
Decrease</TD>
	<TD align=center width=16%>
Increase</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=41% style="TEXT-INDENT:0.000793pt">
Proforma Revenue Increase</TD>
	<TD align=center>
Increase</TD>
	<TD align=center width=16%>
Decrease</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=41% style="border-bottom:1px solid #000000;">
Yield</TD>
	<TD align=center width=42% style="border-bottom:1px solid #000000;">
Decrease</TD>
	<TD align=center width=16% style="border-bottom:1px solid #000000;">
Increase</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20pt"></TD><TD STYLE="width: 20pt; text-align: left"><SUP>2</SUP></TD><TD>Unobservable inputs are weighted based on the value of
the investments included in the range.</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20pt"></TD><TD STYLE="width: 20pt; text-align: left"><SUP>3</SUP></TD><TD>The Fund fair values certain of its Level 3 investments
using prior transaction prices (acquisition cost), although the transaction may not have occurred during the current reporting
period. In such cases, these investments are generally privately held investments. There may not be a secondary market, and/or
there are a limited number of investors. The determination to fair value such investments at cost is based upon factors consistent
with the principles of fair value measurement that are reasonably available to the Global Valuation Committee, or its delegate.
Valuations are reviewed utilizing available market information to determine if the carrying value should be adjusted. Such market
data may include, but is not limited to, observations of the trading multiples of public companies considered comparable to the
private companies being valued, financial or operational information released by the company, and/or news or corporate events
that affect the investment. Valuations may be adjusted to account for company-specific issues, the lack of liquidity inherent
in a nonpublic investment and the fact that comparable public companies are not identical to the investments being fair valued
by the Fund.</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20pt"></TD><TD STYLE="width: 20pt; text-align: left"><SUP>4</SUP></TD><TD>Does not include Level 3 investments with values derived
utilizing prices from recent prior transactions or third party pricing information without adjustment for which such inputs are
unobservable. See above valuation input table for values of such Level 3 investments. A significant change in third party pricing
information could result in a significantly lower or higher value in such Level 3 investments.</TD>
</TR></TABLE>
<P style="text-align: left;">
A reconciliation of Level 3 investments is presented when the Fund had a significant amount of Level 3 investments at the beginning and/or end of the year in relation to net assets. The following table is a reconciliation of Level 3 investments for which
significant unobservable inputs were used in determining fair value:</P>
<DIV align="left">
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 8pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; vertical-align: bottom; border-top: Black 1pt solid">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: center; vertical-align: bottom; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; vertical-align: bottom; border-top: Black 1pt solid">Asset-Backed</TD><TD STYLE="font-weight: bold; text-align: center; vertical-align: bottom; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; vertical-align: bottom; border-top: Black 1pt solid">Common</TD><TD STYLE="font-weight: bold; text-align: center; vertical-align: bottom; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; vertical-align: bottom; border-top: Black 1pt solid">Corporate</TD><TD STYLE="font-weight: bold; text-align: center; vertical-align: bottom; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; vertical-align: bottom; border-top: Black 1pt solid">Floating <BR> Rate<BR> Loan</TD><TD STYLE="font-weight: bold; text-align: center; vertical-align: bottom; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; vertical-align: bottom; border-top: Black 1pt solid">Other</TD><TD STYLE="text-align: center; vertical-align: bottom; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; vertical-align: bottom; border-top: Black 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; border-bottom: Black 1pt solid; vertical-align: bottom">&nbsp;</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; vertical-align: bottom">Securities</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; vertical-align: bottom">Stocks</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; vertical-align: bottom">Bonds</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; vertical-align: bottom">Interests</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; vertical-align: bottom">Interests</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; vertical-align: bottom">Total</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: 0pt">Assets:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 40%; text-align: left; text-indent: 5.98pt">Opening balance, as of August 31, 2011</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 6%; text-align: right">7,328,370</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 6%; text-align: right">191,645</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 6%; text-align: right">2,293,544</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 6%; text-align: right">23,078,475</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 6%; text-align: right">742,860</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 6%; text-align: right">33,634,894</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 5.98pt"><FONT STYLE="font-size: 8pt">Transfers into Level 3 <SUP>5</SUP></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,624,442</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,624,442</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 5.98pt"><FONT STYLE="font-size: 8pt">Transfers out of Level 3 <SUP>6</SUP></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(12,473,405</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(12,473,405</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 5.98pt">Accrued discounts/premiums</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">102,532</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">82,157</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">120,872</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">305,561</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 5.98pt">Net realized gain (loss)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(113,969</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1,361,242</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(4,362,357</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">40,452</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(5,797,116</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 5.98pt"><FONT STYLE="font-size: 8pt">Net change in unrealized appreciation/depreciation <SUP>7</SUP></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">369,528</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,177,556</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,597,146</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(561,315</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">92,905</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5,675,820</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 5.98pt">Purchases</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5,001,366</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">143,230</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">11,197,600</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">16,342,196</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 5.98pt">Sales</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(5,644,185</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">)</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(1,925</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">)</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(398,516</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">)</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(1,846,602</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">)</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(7,891,228</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: left"><FONT STYLE="font-size: 8pt"><B>Closing Balance, as of August 31, 2012</B>.</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">7,043,642</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">6,034</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">2,355,204</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">23,180,519</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">835,765</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">33,421,164</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD></TR>
</TABLE>

</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20pt"></TD><TD STYLE="width: 20pt; text-align: left"><SUP>5</SUP></TD><TD>As of August 31, 2011, the Fund used observable inputs
in determining the value of certain investments. As of August 31, 2012, the Fund used significant unobservable inputs in determining
the value on the same investments. As a result, investments with a beginning of year value of &#36;3,624,442 transferred from
Level 2 to Level 3 in the disclosure hierarchy.</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20pt"></TD><TD STYLE="width: 20pt; text-align: left"><SUP>6</SUP></TD><TD>As of August 31, 2011, the Fund used significant unobservable
inputs in determining the value of certain investments. As of August 31, 2012, the Fund used observable inputs in determining
the value on the same investments. As a result, investments with a beginning of year value of &#36;12,473,405 transferred from
Level 3 to Level 2 in the disclosure hierarchy.</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20pt"></TD><TD STYLE="width: 20pt; text-align: left"><SUP>7</SUP></TD><TD>The change in unrealized appreciation/depreciation on
investments still held as of August 31, 2012 was &#36;(162,162).</TD>
</TR></TABLE>
<P style="text-align: left;">
See Notes to Financial Statements.</P>
</DIV>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<A name="page_39"></A><BR>

<a name="_bclPageBorder39"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<DIV align="left">
<TABLE border=0 style="width:100%" cellspacing=0 cellpadding=0 style="font-family: 'Arial';font-size: 10pt;">
<TR valign="bottom">
<TD NOWRAP STYLE="text-align: left; font-size: 14pt; border-top: rgb(57,76,165) 4pt solid"><FONT STYLE="color: #0000cc">Consolidated
Schedule of Investments <FONT STYLE="font-size: 10pt">August 31, 2012</FONT></FONT></TD>
<TD NOWRAP STYLE="border-top: rgb(57,75,165) 4pt solid; text-align: right; vertical-align: bottom; font-size: 8pt; color: #0000cc"><FONT STYLE="font-size: 7pt; color: #0000cc"><B>BlackRock
Limited Duration Income Trust (BLW)</B></FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left width=62%>
&nbsp;</TD>
<TD NOWRAP STYLE="text-align: right; vertical-align: bottom; font-size: 8pt; color: #0000cc"><FONT STYLE="font-size: 7pt; color: #0000cc"><B>(Percentages
shown are based on Net Assets)</B></FONT></TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<DIV align="left">
<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial">
<TR valign="bottom">
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: center; padding-right: 12pt">
<B>Par</B></TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
<B>Asset-Backed Securities</B></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid; padding-right: 12pt">
<B>(000)</B></TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-bottom: #000000 1px solid">
<B>Value</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Asset-Backed Securities&#151;6.2%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
321 Henderson Receivables I LLC,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Series 2010-3A, Class A,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt; width: 61%">
3.82%, 12/15/48 (a)</TD>
	<TD STYLE="text-align: left; width: 10%; vertical-align: bottom">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt; width: 13%">
4,369</TD>
	<TD STYLE="text-align: left; width: 4%">&#36; </TD>
 <TD STYLE="text-align: right; width: 10%">4,566,048</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
AmeriCredit Automobile Receivables Trust,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Series 2012-2, Class D, 3.38%, 4/09/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,990</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
2,043,706</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Capital One Multi-Asset Execution Trust,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Series 4-3C, 6.63%, 4/19/17 (b)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
GBP</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,650</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
4,302,523</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Conseco Financial Corp., Series 1995-5,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Class M1, 7.65%, 9/15/26 (b)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
631</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
642,083</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Countrywide Asset-Backed Certificates (b):</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Series 2007-10, Class 2A1,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 17.96pt">
0.29%, 6/25/47</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
414</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
411,851</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Series 2007-12, Class 2A1,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 17.96pt">
0.59%, 8/25/47</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
945</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
934,253</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Series 2007-7, Class 2A2,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 17.96pt">
0.40%, 10/25/47</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
3,230</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
3,004,507</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
CSAM Funding, Series 2A, Class B1,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
7.05%, 10/15/16 (a)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
750</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
757,800</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Ford Credit Floorplan Master Owner Trust:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Series 2010-5, Class C,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 17.96pt">
2.07%, 9/15/15 (a)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
890</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
896,004</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Series 2011-2, Class C, 2.37%, 9/15/15</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,125</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,127,976</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Series 2011-2, Class D, 2.86%, 9/15/15</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,145</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,147,944</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Fraser Sullivan CLO Ltd., Series 2012-7A,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Class C, 4.47%, 4/20/23 (a)(b)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,090</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
968,574</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Gannett Peak CLO Ltd., Series 2006-1X,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Class A2, 0.81%, 10/27/20 (b)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,330</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,120,525</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Goldentree Loan Opportunities VI Ltd.,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Series 2012-6A, Class D,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.66%, 4/17/22 (a)(b)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,500</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,363,650</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
GSAA Trust, Series 2007-3, Class 1A2,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
0.41%, 3/25/47 (b)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
3,102</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,346,850</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
ING Investment Management, Series 2012-2A,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Class D, 4.99%, 10/15/22 (a)(b)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,800</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,604,898</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Santander Consumer Acquired Receivables</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Trust, Series 2011-S1A, Class D,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
3.15%, 8/15/16 (a)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,331</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
2,321,397</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Santander Drive Auto Receivables Trust:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Series 2011-S1A, Class D,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 17.96pt">
3.10%, 5/15/17 (a)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,069</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,071,802</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Series 2011-S2A, Class B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 17.96pt">
2.06%, 6/15/17 (a)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
560</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
560,521</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Series 2011-S2A, Class C,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 17.96pt">
2.86%, 6/15/17 (a)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
580</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
585,926</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Series 2012-3, Class D, 3.64%, 5/15/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,865</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
2,920,532</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
SLC Student Loan Trust, Series 2006-A,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Class A4, 0.58%, 1/15/19 (b)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,003</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
999,959</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Spirit Issuer Plc, Series A2, 3.60%, 12/28/31</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
GBP</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,800</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,943,530</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
World Financial Network Credit Card Master</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Trust, Series 2012-C, Class B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
3.57%, 8/15/22</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
3,000</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
3,013,596</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
39,656,455</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Interest Only Asset-Backed Securities&#151;0.3%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Sterling Bank Trust, Series 2004-2, Class Note,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
2.08%, 3/30/30 (a)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
11,663</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
922,072</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Sterling Coofs Trust, Series 1, 2.36%, 4/15/29</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
10,312</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
786,325</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,708,397</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: Black 2px solid">
<B>Total Asset-Backed Securities &#151; 6.5%</B></TD>
	<TD STYLE="text-align: left; border-bottom: Black 2px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: Black 2px solid">
41,364,852</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<DIV align="left">
<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial">
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
<B>Common Stocks (c)</B></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid; padding-right: 12pt">
<B>Shares</B></TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-bottom: #000000 1px solid">
<B>Value</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Auto Components &#151; 0.6%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; width: 61%">
Delphi Automotive Plc</TD>
	<TD STYLE="text-align: left; width: 10%; border-bottom: #000000 1px solid; vertical-align: bottom">&nbsp;</TD>
 <TD STYLE="text-align: right; width: 13%; border-bottom: #000000 1px solid; padding-right: 12pt">121,926</TD>
	<TD STYLE="text-align: left; width: 4%; border-bottom: #000000 1px solid">&#36; </TD>
 <TD STYLE="text-align: right; width: 10%; border-bottom: #000000 1px solid">3,693,135</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Construction &amp; Engineering &#151; 0.0%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
USI United Subcontractors</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
6,454</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
16,135</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Diversified Financial Services &#151; 0.3%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
Kcad Holdings I Ltd.</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">&nbsp;</TD>
 <TD NOWRAP STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">300,277,327</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,991,139</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Hotels, Restaurants &amp; Leisure &#151; 0.1%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
BLB Worldwide Holdings, Inc.</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
51,947</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
597,391</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Travelport Worldwide Ltd. (b)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">&nbsp;</TD>
 <TD STYLE="text-align: right; padding-right: 12pt">176,501</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
22,945</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
620,336</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Media &#151; 0.0%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
Cumulus Media, Inc., Class A</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">&nbsp;</TD>
 <TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">113,813</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
315,262</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Metals &amp; Mining &#151; 0.0%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
Euramax International</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
234</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
49,856</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Software &#151; 0.3%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Bankruptcy Management Solutions, Inc.</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
880</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
9</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
HMH Holdings/EduMedia</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
71,219</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,744,868</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,744,877</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid">
<B>Total Common Stocks &#151; 1.3%</B></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 2px solid">
8,430,740</TD>
</TR>
<TR>
	<TD COLSPAN="5">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-top: rgb(57,76,165) 4pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom; border-top: rgb(57,76,165) 4pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: center; padding-right: 12pt; border-top: rgb(57,76,165) 4pt solid">
<B>Par</B></TD>
	<TD COLSPAN="2" STYLE="text-align: left; border-top: rgb(57,76,165) 4pt solid">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
<B>Corporate Bonds</B></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid; padding-right: 12pt">
<B>(000)</B></TD>
	<TD COLSPAN="2" STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Aerospace &amp; Defense &#151; 0.5%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Huntington Ingalls Industries, Inc.,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
7.13%, 3/15/21 (d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
650</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
703,625</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Kratos Defense &amp; Security Solutions, Inc.,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
10.00%, 6/01/17 (d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,966</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
2,093,790</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Meccanica Holdings USA, Inc.,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
6.25%, 7/15/19 (a)(d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
559</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
505,809</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
3,303,224</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Airlines &#151; 1.0%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
American Airlines Pass-Through Trust,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Series 2011-2, Class A,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
8.63%, 10/15/21 (d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
871</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
923,779</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Continental Airlines, Inc.,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
6.75%, 9/15/15 (a)(d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,350</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,398,937</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Delta Air Lines, Inc., Series 2009-1 Series B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
9.75%, 6/17/18 (d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
253</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
273,071</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
US Airways Pass Through Trust:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Series 2011-1, Class C</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD STYLE="text-align: left; text-indent: 11.97pt">
10.88%, 10/22/14</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,599</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,638,817</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Series 2012-1, Class C 9.13%, 10/01/15</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,706</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
2,760,120</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
6,994,724</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Auto Components &#151; 1.1%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Icahn Enterprises LP (b)(e):</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
4.00%, 8/15/13</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,240</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,240,000</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
4.00%, 8/15/13 (a)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
3,620</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
3,620,000</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Jaguar Land Rover Plc, 8.25%, 3/15/20</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
GBP</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
554</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
927,840</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Titan International, Inc., 7.88%, 10/01/17 (d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,330</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,393,175</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
7,181,015</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Beverages &#151; 0.2%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Crown European Holdings SA:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
7.13%, 8/15/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
EUR</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
428</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
592,172</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
7.13%, 8/15/18 (a)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
544</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
752,668</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,344,840</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: left;">
See Notes to Financial Statements.</P>
</DIV>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<A name="page_40"></A><BR>

<a name="_bclPageBorder40"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<DIV align="left">
<TABLE border=0 style="width:100%" cellspacing=0 cellpadding=0 style="font-family: 'Arial';font-size: 10pt;">
<TR valign="bottom">
<TD NOWRAP STYLE="text-align: left; font-size: 14pt; border-top: rgb(57,76,165) 4pt solid">
<FONT color="#0000cc">Consolidated Schedule of Investments (continued)</FONT></TD>
<TD NOWRAP STYLE="border-top: rgb(57,75,165) 4pt solid; text-align: right; vertical-align: bottom; font-size: 8pt; color: #0000cc"><FONT STYLE="font-size: 7pt; color: #0000cc"><B>BlackRock
Limited Duration Income Trust (BLW)</B></FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
<TD NOWRAP STYLE="text-align: right; vertical-align: bottom; font-size: 8pt; color: #0000cc"><FONT STYLE="font-size: 7pt; color: #0000cc"><B>(Percentages
shown are based on Net Assets)</B></FONT></TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<DIV align="left">
<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial">
<TR valign="bottom">
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: center; padding-right: 12pt">
<B>Par</B></TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
<B>Corporate Bonds</B></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid; padding-right: 12pt">
<B>(000)</B></TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-bottom: #000000 1px solid">
<B>Value</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Building Products &#151; 0.6%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Building Materials Corp. of America (a)(d):</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt; width: 61%">
7.00%, 2/15/20</TD>
	<TD STYLE="text-align: left; width: 10%; vertical-align: bottom">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt; width: 13%">
1,345</TD>
	<TD STYLE="text-align: left; width: 4%">&#36; </TD>
 <TD STYLE="text-align: right; width: 10%">1,455,962</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
6.75%, 5/01/21</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,030</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,125,275</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
USG Corp., 9.75%, 1/15/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,390</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,490,775</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
4,072,012</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Capital Markets &#151; 0.7%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
E*Trade Financial Corp.:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
12.50%, 11/30/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,515</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
2,870,244</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
2.25%, 8/31/19 (a)(e)(f)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
249</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
212,895</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
SteelRiver Transmission Co. LLC,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.71%, 6/30/17 (a)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,204</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,243,800</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
4,326,939</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Chemicals &#151; 2.9%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Ashland, Inc., 4.75%, 8/15/22 (a)(d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
675</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
676,687</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Celanese US Holdings LLC,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.88%, 6/15/21 (d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
805</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
889,525</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Hexion US Finance Corp.:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
6.63%, 4/15/20 (c)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
395</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
398,950</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
9.00%, 11/15/20</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
735</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
628,425</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Huntsman International LLC,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
8.63%, 3/15/21 (d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
655</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
749,975</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
INEOS Finance Plc (a)(d):</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
8.38%, 2/15/19</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,665</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,752,412</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
7.50%, 5/01/20</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
515</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
525,300</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
INEOS Group Holdings Plc, 8.50%, 2/15/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
(a)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
345</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
325,163</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
LyondellBasell Industries NV,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.75%, 4/15/24 (d)(c)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,520</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
2,853,900</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Nova Chemicals Corp., 8.38%, 11/01/16 (d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
5,500</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
6,105,000</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Orion Engineered Carbons Bondco GmbH,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
9.63%, 6/15/18 (a)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
898</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
947,390</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Tronox Finance LLC, 6.38%, 8/15/20 (a)(d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,880</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
2,908,800</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
18,761,527</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Commercial Banks &#151; 2.4%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
CIT Group, Inc. (d):</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
5.25%, 4/01/14 (a)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
3,614</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
3,754,043</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
4.75%, 2/15/15 (a)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,409</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
2,505,360</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
5.00%, 5/15/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
890</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
927,825</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
5.50%, 2/15/19 (a)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,040</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
2,126,700</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
HSBC Bank Plc, 3.10%, 5/24/16 (a)(d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,560</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
2,683,313</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
HSBC Holdings Plc, 6.25%, 3/19/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
EUR</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,000</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,424,999</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Nordea Bank AB, 4.50%, 3/26/20</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,020</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,304,907</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Regions Financial Corp., 4.88%, 4/26/13 (d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
907</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
911,535</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
15,638,682</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Commercial Services &amp; Supplies &#151; 1.0%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
ARAMARK Corp., 8.50%, 2/01/15 (d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
980</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,004,510</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
ARAMARK Holdings Corp.,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
8.63%, 5/01/16 (a)(g)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
890</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
911,146</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Brickman Group Holdings, Inc.,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
9.13%, 11/01/18 (a)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
63</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
63,630</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Clean Harbors, Inc., 5.25%, 8/01/20 (a)(d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
607</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
622,934</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Covanta Holding Corp., 6.38%, 10/01/22 (d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,130</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,235,510</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Mead Products LLC/ACCO Brands Corp.,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
6.75%, 4/30/20 (a)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
290</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
306,675</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Mobile Mini, Inc., 7.88%, 12/01/20 (d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
915</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
981,337</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Verisure Holding AB:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
8.75%, 9/01/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
EUR</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
526</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
661,603</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
8.75%, 12/01/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
221</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
246,007</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
West Corp., 8.63%, 10/01/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
165</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
167,475</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
6,200,827</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Communications Equipment &#151; 1.8%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
ADC Telecommunications, Inc.,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
3.50%, 7/15/15 (d)(f)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
6,670</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
6,811,137</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Avaya, Inc., 9.75%, 11/01/15 (d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
510</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
442,425</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<DIV align="left">
<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial">
<TR valign="bottom">
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: center; padding-right: 12pt">
<B>Par</B></TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
<B>Corporate Bonds</B></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid; padding-right: 12pt">
<B>(000)</B></TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-bottom: #000000 1px solid">
<B>Value</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Communications Equipment (concluded)</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Hughes Satellite Systems Corp.,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt; width: 61%">
6.50%, 6/15/19 (d)</TD>
	<TD STYLE="text-align: left; width: 10%; vertical-align: bottom">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt; width: 13%">
850</TD>
	<TD STYLE="text-align: left; width: 4%">&#36; </TD>
 <TD STYLE="text-align: right; width: 10%">910,563</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Zayo Group LLC/Zayo Capital, Inc.:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
8.13%, 1/01/20</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,890</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
2,008,125</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
10.13%, 7/01/20</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,460</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,565,850</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
11,738,100</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Construction Materials &#151; 0.5%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
HD Supply, Inc., 8.13%, 4/15/19 (a)(d)</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
3,085</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
3,347,225</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Consumer Finance &#151; 0.7%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Ford Motor Credit Co. LLC (d):</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
3.88%, 1/15/15</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,475</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
2,575,341</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
7.00%, 4/15/15</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
400</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
445,272</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Hyundai Capital America,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
3.75%, 4/06/16 (a)(d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,285</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,353,586</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
4,374,199</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Containers &amp; Packaging &#151; 0.6%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Ardagh Packaging Finance Plc:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
7.38%, 10/15/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
EUR</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
200</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
266,025</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
7.38%, 10/15/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
100</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
133,012</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
7.38%, 10/15/17 (a)(d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
299</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
320,304</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
7.38%, 10/15/17 (a)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
EUR</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
587</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
780,783</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Berry Plastics Corp.:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
4.34%, 9/15/14 (b)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
700</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
689,500</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
8.25%, 11/15/15 (d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
490</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
515,725</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
9.75%, 1/15/21</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
670</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
742,025</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Beverage Packaging Holdings Luxembourg II SA,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
8.00%, 12/15/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
EUR</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
274</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
337,744</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Sealed Air Corp., 8.38%, 9/15/21 (a)(d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
215</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
241,875</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
4,026,993</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Distributors &#151; 0.2%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
VWR Funding, Inc., 7.25%, 9/15/17 (a)(h)</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
1,029</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,041,862</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Diversified Consumer Services &#151; 0.1%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
Laureate Education, Inc., 9.25%, 9/01/19 (a)</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
835</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
835,000</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Diversified Financial Services &#151; 5.2%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Ally Financial, Inc. (d):</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
8.30%, 2/12/15</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,460</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
2,730,600</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
7.50%, 9/15/20</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,630</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,866,350</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
8.00%, 11/01/31</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,140</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
2,530,550</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
8.00%, 11/01/31</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
950</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,127,644</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Banque Paribas, 6.95%, 7/22/13 (d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,100</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
2,172,330</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
CNG Holdings, Inc., 9.38%, 5/15/20 (a)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
700</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
714,000</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
DPL, Inc., 7.25%, 10/15/21 (a)(d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
255</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
290,700</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Gala Group Finance Plc, 8.88%, 9/01/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
GBP</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
400</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
592,268</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
The Goldman Sachs Group, Inc. (d):</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
6.00%, 5/01/14</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,150</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,227,728</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
5.13%, 1/15/15</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
3,515</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
3,757,219</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
3.30%, 5/03/15</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
3,285</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
3,391,253</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Intesa Sanpaolo SpA, 2.38%, 12/21/12 (d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
3,335</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
3,282,107</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Morgan Stanley (d):</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
5.25%, 11/02/12</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
795</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
800,641</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
5.30%, 3/01/13</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
825</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
841,545</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Reynolds Group Issuer, Inc.:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
7.75%, 10/15/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
EUR</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
63</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
81,817</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
7.13%, 4/15/19 (d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,990</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
2,144,225</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
9.88%, 8/15/19 (a)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,710</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,808,325</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
6.88%, 2/15/21 (d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,070</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,158,275</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
8.25%, 2/15/21 (a)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
220</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
216,150</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
SLM Corp., Series A, 5.00%, 10/01/13 (d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
150</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
154,500</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Spirit Issuer Plc, 5.86%, 12/28/21</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
GBP</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,570</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
2,050,432</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
WMG Acquisition Corp.,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
9.50%, 6/15/16 (a)(d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
280</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
305,900</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
33,244,559</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: left;">
See Notes to Financial Statements.</P>
</DIV>

<!-- Field: Page; Sequence: 40; Value: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; padding-top: 6pt; padding-bottom: 12pt; border-top: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 9pt Arial, Helvetica, Sans-Serif"><TR><TD STYLE="text-align: left; width: 33%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->40<!-- Field: /Sequence --></TD><TD STYLE="text-align: center; width: 34%">ANNUAL REPORT</TD><TD STYLE="text-align: right; width: 33%">AUGUST 31, 2012</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<A name="page_41"></A><BR>

<a name="_bclPageBorder41"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<DIV align="left">
<TABLE border=0 style="width:100%" cellspacing=0 cellpadding=0 style="font-family: 'Arial';font-size: 10pt;">
<TR valign="bottom">
<TD NOWRAP STYLE="text-align: left; font-size: 14pt; border-top: rgb(57,76,165) 4pt solid">
<FONT color="#0000cc">Consolidated Schedule of Investments (continued)</FONT></TD>
<TD NOWRAP STYLE="border-top: rgb(57,75,165) 4pt solid; text-align: right; vertical-align: bottom; font-size: 8pt; color: #0000cc"><FONT STYLE="font-size: 7pt; color: #0000cc"><B>BlackRock
Limited Duration Income Trust (BLW)</B></FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
<TD NOWRAP STYLE="text-align: right; vertical-align: bottom; font-size: 8pt; color: #0000cc"><FONT STYLE="font-size: 7pt; color: #0000cc"><B>(Percentages
shown are based on Net Assets)</B></FONT></TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<DIV align="left">
<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial">
<TR valign="bottom">
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: center; padding-right: 12pt">
<B>Par</B></TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
<B>Corporate Bonds</B></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid; padding-right: 12pt">
<B>(000)</B></TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-bottom: #000000 1px solid">
<B>Value</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Diversified Telecommunication Services &#151; 1.9%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; width: 61%">
ITC Deltacom, Inc., 10.50%, 4/01/16</TD>
	<TD STYLE="text-align: left; width: 10%; vertical-align: bottom">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt; width: 13%">
1,350</TD>
	<TD STYLE="text-align: left; width: 4%">&#36; </TD>
 <TD STYLE="text-align: right; width: 10%">1,454,625</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Level 3 Communications, Inc.,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
8.88%, 6/01/19 (a)(d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
735</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
749,700</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Level 3 Financing, Inc.:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
4.47%, 2/15/15 (b)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,725</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,707,750</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
8.13%, 7/01/19</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
3,083</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
3,229,443</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
7.00%, 6/01/20 (a)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
655</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
651,725</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
OTE Plc, 5.00%, 8/05/13</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
EUR</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
120</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
130,820</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Qwest Communications International, Inc.,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
8.00%, 10/01/15 (d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,500</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
2,616,250</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Telefonica Emisiones SAU, 4.69%, 11/11/19</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
EUR</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
50</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
58,042</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Telenet Finance V Luxembourg SCA:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
6.25%, 8/15/22</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
171</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
216,159</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
6.75%, 8/15/24</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
397</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
506,837</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Windstream Corp., 8.13%, 8/01/13 (d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
590</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
622,450</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
11,943,801</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Electric Utilities &#151; 0.3%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Mirant Mid Atlantic Pass Through Trust,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Series B, 9.13%, 6/30/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
677</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
727,398</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Nisource Finance Corp. (d):</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
6.40%, 3/15/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
440</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
526,631</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
5.25%, 2/15/43</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
800</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
884,331</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
2,138,360</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Electrical Equipment &#151; 0.1%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
Belden, Inc., 5.50%, 9/01/22 (a)</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
510</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
511,275</TD>
</TR>
<TR valign="bottom">
	<TD COLSPAN="2" STYLE="text-align: left">
<B><FONT color="#0000cc">Electronic Equipment, Instruments &amp; Components &#151; 1.1%</FONT></B></TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
Agilent Technologies, Inc., 4.45%, 9/14/12 (d)</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
7,325</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
7,331,197</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Energy Equipment &amp; Services &#151; 1.9%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Calfrac Holdings LP, 7.50%, 12/01/20 (a)(d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,105</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,082,900</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Compagnie Ge&acute;ne&acute;rale de Ge&acute;ophysique,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Veritas (d):</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
7.75%, 5/15/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
330</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
344,850</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
6.50%, 6/01/21</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,115</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
2,202,244</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
FTS International Services LLC / FTS</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
International Bonds Inc,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
8.13%, 11/15/18 (a)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,690</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,744,925</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Gulfmark Offshore, Inc.,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
6.38%, 3/15/22 (a)(d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
185</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
188,700</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Hornbeck Offshore Services, Inc.,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.88%, 4/01/20 (d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
375</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
382,500</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Key Energy Services, Inc., 6.75%, 3/01/21 (d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,040</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,058,200</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
MEG Energy Corp., 6.38%, 1/30/23 (a)(d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
445</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
463,913</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Oil States International, Inc.,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
6.50%, 6/01/19 (d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
725</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
770,312</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Peabody Energy Corp.,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
6.25%, 11/15/21 (a)(d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,085</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
2,121,487</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Transocean, Inc. (d):</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
4.95%, 11/15/15</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,040</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,133,936</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
5.05%, 12/15/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
180</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
199,372</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
6.00%, 3/15/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
230</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
266,334</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
11,959,673</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Food &amp; Staples Retailing &#151; 0.2%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Bakkavor Finance 2 Plc, 8.25%, 2/15/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
GBP</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
214</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
299,024</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Rite Aid Corp., 9.25%, 3/15/20</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,095</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,125,113</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,424,137</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Food Products &#151; 0.4%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Constellation Brands, Inc., 6.00%, 5/01/22 (d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
660</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
741,675</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Post Holdings, Inc., 7.38%, 2/15/22 (a)(d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
665</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
700,744</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Smithfield Foods, Inc., 6.63%, 8/15/22 (d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
969</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
992,013</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
2,434,432</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Gas Utilities &#151; 0.3%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Florida Gas Transmission Co. LLC,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 5.98pt">
4.00%, 7/15/15 (a)(d)</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
2,000</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
2,099,556</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<DIV align="left">
<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial">
<TR valign="bottom">
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: center; padding-right: 12pt">
<B>Par</B></TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
<B>Corporate Bonds</B></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid; padding-right: 12pt">
<B>(000)</B></TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-bottom: #000000 1px solid">
<B>Value</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Health Care Equipment &amp; Supplies &#151; 1.1%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; width: 61%">
Biomet, Inc., 6.50%, 8/01/20 (a)</TD>
	<TD STYLE="text-align: left; width: 10%; vertical-align: bottom">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt; width: 13%">
751</TD>
	<TD STYLE="text-align: left; width: 4%">&#36; </TD>
 <TD STYLE="text-align: right; width: 10%">779,163</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
CareFusion Corp., 5.13%, 8/01/14 (d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
3,000</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
3,213,291</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
DJO Finance LLC:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
10.88%, 11/15/14</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
587</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
612,681</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
8.75%, 3/15/18 (a)(d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
300</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
318,750</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
7.75%, 4/15/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
540</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
494,100</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Fresenius Medical Care US Finance II, Inc.,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.63%, 7/31/19 (a)(d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
960</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,026,000</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Teleflex, Inc., 6.88%, 6/01/19 (d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
675</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
722,250</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
7,166,235</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Health Care Providers &amp; Services &#151; 3.2%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Aviv Healthcare Properties LP,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
7.75%, 2/15/19 (d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
995</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,034,800</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
CHS/Community Health Systems, Inc.:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
5.13%, 8/15/18 (d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
490</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
505,312</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
7.13%, 7/15/20</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
471</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
493,373</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Crown Newco 3 Plc, 7.00%, 2/15/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
GBP</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
541</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
865,470</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
DaVita, Inc., 5.75%, 8/15/22</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
974</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,012,960</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
HCA, Inc. (d):</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
6.50%, 2/15/20</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,845</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
3,125,944</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
5.88%, 3/15/22</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
4,210</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
4,478,387</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Hologic, Inc., 6.25%, 8/01/20 (a)(d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,389</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,470,604</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
IASIS Healthcare LLC, 8.38%, 5/15/19</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,351</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,288,516</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Omnicare, Inc., 7.75%, 6/01/20 (d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,135</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,251,337</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Tenet Healthcare Corp. (d):</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
10.00%, 5/01/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
3,032</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
3,486,800</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
8.88%, 7/01/19</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
395</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
449,313</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
United Surgical Partners International, Inc.,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
9.00%, 4/01/20 (a)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
470</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
504,663</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Vanguard Health Holding Co. II LLC,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
7.75%, 2/01/19 (a)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
800</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
834,000</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
20,801,479</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Health Care Technology &#151; 0.8%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
IMS Health, Inc., 12.50%, 3/01/18 (a)(d)</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
4,300</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
5,052,500</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Hotels, Restaurants &amp; Leisure &#151; 3.3%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Affinity Gaming LLC/Affinity Gaming Finance</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Corp., 9.00%, 5/15/18 (a)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
330</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
335,775</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Caesars Entertainment Operating Co., Inc.:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
11.25%, 6/01/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
475</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
511,813</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
8.50%, 2/15/20 (a)(d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,010</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
996,113</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Caesars Operating Escrow LLC,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
9.00%, 2/15/20 (a)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,908</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,898,460</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Carlson Wagonlit BV, 6.88%, 6/15/19 (a)(d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
370</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
384,800</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Choice Hotels International, Inc.,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.75%, 7/01/22 (d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
240</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
257,400</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Cirsa Funding Luxembourg SA,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
8.75%, 5/15/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
EUR</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
305</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
336,634</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Enterprise Inns Plc:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
6.50%, 12/06/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
GBP</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,232</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
3,065,632</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
6.88%, 2/15/21</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,070</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
2,432,270</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Gategroup Finance Luxembourg SA,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
6.75%, 3/01/19</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
EUR</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
290</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
372,969</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Spirit Issuer Plc (b):</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
1.45%, 12/28/28</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
GBP</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
3,325</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
3,378,947</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
5.47%, 12/28/34</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
4,500</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
5,216,091</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Travelport LLC, 6.46%, 12/01/16 (a)(b)(g)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
961</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
742,755</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Tropicana Entertainment LLC, 9.63%, 12/15/</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
14 (c)(i)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
375</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
&#151;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Wynn Las Vegas LLC, 5.38%, 3/15/22 (a)(d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,258</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,286,305</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
21,215,964</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: left;">
See Notes to Financial Statements.</P>
</DIV>

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<A name="page_42"></A><BR>

<a name="_bclPageBorder42"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<DIV align="left">
<TABLE border=0 style="width:100%" cellspacing=0 cellpadding=0 style="font-family: 'Arial';font-size: 10pt;">
<TR valign="bottom">
<TD NOWRAP STYLE="text-align: left; font-size: 14pt; border-top: rgb(57,76,165) 4pt solid">
<FONT color="#0000cc">Consolidated Schedule of Investments (continued)</FONT></TD>
<TD NOWRAP STYLE="border-top: rgb(57,75,165) 4pt solid; text-align: right; vertical-align: bottom; font-size: 8pt; color: #0000cc"><FONT STYLE="font-size: 7pt; color: #0000cc"><B>BlackRock
Limited Duration Income Trust (BLW)</B></FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
<TD NOWRAP STYLE="text-align: right; vertical-align: bottom; font-size: 8pt; color: #0000cc"><FONT STYLE="font-size: 7pt; color: #0000cc"><B>(Percentages
shown are based on Net Assets)</B></FONT></TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<DIV align="left">
<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial">
<TR valign="bottom">
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: center; padding-right: 12pt">
<B>Par</B></TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
<B>Corporate Bonds</B></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid; padding-right: 12pt">
<B>(000)</B></TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-bottom: #000000 1px solid">
<B>Value</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Household Durables &#151; 0.7%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Beazer Homes USA, Inc.,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt; width: 61%">
6.63%, 4/15/18 (a)(d)</TD>
	<TD STYLE="text-align: left; width: 10%; vertical-align: bottom">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt; width: 13%">
910</TD>
	<TD STYLE="text-align: left; width: 4%">&#36; </TD>
 <TD STYLE="text-align: right; width: 10%">930,475</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Berkline/Benchcraft LLC,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.50%, 11/03/12 (c)(i)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
200</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
&#151;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Libbey Glass, Inc., 6.88%, 5/15/20 (a)(d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
250</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
266,563</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Spie BondCo 3 SCA, 11.00%, 8/15/19</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
EUR</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
348</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
444,280</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Standard Pacific Corp., 8.38%, 1/15/21 (d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,400</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
2,676,000</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
4,317,318</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Household Products &#151; 0.0%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
Ontex IV SA, 9.00%, 4/15/19</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
EUR</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
253</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
292,766</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Independent Power Producers &amp; Energy Traders &#151; 2.8%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
The AES Corp. (d):</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
7.75%, 10/15/15</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,440</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
2,757,200</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
9.75%, 4/15/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
710</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
848,450</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
7.38%, 7/01/21</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
185</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
211,825</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Calpine Corp. (a)(d):</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
7.25%, 10/15/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
405</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
433,350</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
7.50%, 2/15/21</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
530</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
588,300</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Energy Future Holdings Corp.,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
10.00%, 1/15/20 (d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,805</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
3,092,513</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Energy Future Intermediate Holding Co. LLC:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
10.00%, 12/01/20</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
6,225</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
6,987,562</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
11.75%, 3/01/22 (a)(d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
670</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
713,550</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
GenOn REMA LLC, 9.24%, 7/02/17 (d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
560</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
602,123</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Laredo Petroleum, Inc.:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
9.50%, 2/15/19</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
630</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
715,050</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
7.38%, 5/01/22</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
515</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
553,625</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
QEP Resources, Inc., 5.38%, 10/01/22 (d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
476</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
487,900</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
17,991,448</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Industrial Conglomerates &#151; 1.4%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Sequa Corp. (a):</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
11.75%, 12/01/15</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,950</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
3,097,500</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
13.50%, 12/01/15</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
5,870</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
6,222,199</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
9,319,699</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Insurance &#151; 1.9%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Allied World Assurance Co. Holdings, Ltd.,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
7.50%, 8/01/16 (d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
3,000</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
3,478,470</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
American International Group, Inc.,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
3.00%, 3/20/15 (d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
3,120</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
3,209,123</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
CNO Financial Group, Inc.,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
9.00%, 1/15/18 (a)(d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,353</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
2,573,593</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Forethought Financial Group, Inc.,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
8.63%, 4/15/21 (a)(d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
750</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
779,757</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Genworth Financial, Inc., 7.63%, 9/24/21 (d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
990</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,011,582</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
MPL 2 Acquisition Canco, Inc.,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
9.88%, 8/15/18 (a)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
595</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
532,525</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Muenchener Rueckversicherungs AG,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
6.00%, 5/26/41 (b)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
EUR</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
400</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
528,578</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
12,113,628</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">IT Services &#151; 1.0%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Ceridian Corp., 8.88%, 7/15/19 (a)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,395</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,496,137</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Epicor Software Corp., 8.63%, 5/01/19</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,260</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,297,800</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
First Data Corp.:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
7.38%, 6/15/19 (a)(d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,175</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,213,188</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
6.75%, 11/01/20 (a)(d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,235</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,225,737</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
8.25%, 1/15/21 (a)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
90</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
89,213</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
12.63%, 1/15/21</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,018</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,030,725</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
6,352,800</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Machinery &#151; 0.8%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
UR Financing Escrow Corp.,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.75%, 7/15/18 (a)(d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,244</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,315,530</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
UR Merger Sub Corp. (a)(d):</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
7.38%, 5/15/20</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
805</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
853,300</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<DIV align="left">
<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial">
<TR valign="bottom">
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: center; padding-right: 12pt">
<B>Par</B></TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
<B>Corporate Bonds</B></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid; padding-right: 12pt">
<B>(000)</B></TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-bottom: #000000 1px solid">
<B>Value</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Machinery (concluded)</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
UR Merger Sub Corp. (a)(d) (concluded):</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt; width: 61%">
7.63%, 4/15/22</TD>
	<TD STYLE="text-align: left; width: 10%; vertical-align: bottom">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt; width: 13%">
2,518</TD>
	<TD STYLE="text-align: left; width: 4%; border-bottom: #000000 1px solid">&#36; </TD>
 <TD STYLE="text-align: right; width: 10%; border-bottom: #000000 1px solid">2,719,440</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
4,888,270</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Media &#151; 6.0%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
AMC Networks, Inc., 7.75%, 7/15/21 (d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
525</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
594,563</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
CCH II LLC, 13.50%, 11/30/16 (d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
4,106</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
4,496,112</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Cengage Learning Acquisitions, Inc.,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
11.50%, 4/15/20 (a)(d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,000</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,052,500</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Checkout Holding Corp.,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
16.10%, 11/15/15 (a)(f)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,570</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
957,700</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Clear Channel Communications, Inc.,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
9.00%, 3/01/21</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
842</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
722,015</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Clear Channel Worldwide Holdings, Inc.:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Series A, 9.25%, 12/15/17 (d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
933</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,009,972</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Series B, 7.63%, 3/15/20</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,266</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
2,198,020</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Series B, 9.25%, 12/15/17 (d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
5,007</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
5,438,854</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
DIRECTV Holdings LLC, 3.13%, 2/15/16 (d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
3,000</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
3,161,256</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
DISH DBS Corp. (d):</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
7.00%, 10/01/13</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,267</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,338,269</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
7.13%, 2/01/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
200</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
220,000</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
5.88%, 7/15/22 (a)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,025</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
2,040,187</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Intelsat Jackson Holdings SA,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
7.25%, 10/15/20 (a)(d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,950</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
2,101,125</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Intelsat Luxemburg SA:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
11.25%, 2/04/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
360</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
378,000</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
11.50%, 2/04/17 (g)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
280</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
294,000</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Interactive Data Corp., 10.25%, 8/01/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,210</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
2,491,775</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Lamar Media Corp., 5.88%, 2/01/22 (d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
675</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
715,500</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
NAI Entertainment Holdings LLC,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
8.25%, 12/15/17 (a)(d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,301</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,450,615</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
ProQuest LLC, 9.00%, 10/15/18 (a)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
600</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
550,500</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
ProtoStar I Ltd., 18.00%, 10/15/12 (a)(c)(e)(i)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
3,454</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,727</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Truven Health Analytics, Inc.,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
10.63%, 6/01/20 (a)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
540</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
576,450</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Unitymedia Hessen GmbH &amp; Co. KG:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
8.13%, 12/01/17 (a)(d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
4,090</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
4,427,425</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
7.50%, 3/15/19</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,440</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,558,109</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Virgin Media Secured Finance Plc,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
6.50%, 1/15/18 (d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,000</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,090,000</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
38,864,674</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Metals &amp; Mining &#151; 1.9%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Eco-Bat Finance Plc, 7.75%, 2/15/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
EUR</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
495</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
628,837</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
FMG Resources August 2006</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Property Ltd. (a)(d):</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
6.88%, 2/01/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
915</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
871,538</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
6.88%, 4/01/22</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
410</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
377,200</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Global Brass and Copper, Inc.,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
9.50%, 6/01/19 (a)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
695</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
731,488</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Kaiser Aluminum Corp.,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
8.25%, 6/01/20 (a)(d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
510</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
540,600</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
New Gold, Inc., 7.00%, 4/15/20 (a)(d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
175</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
184,188</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
New World Resources NV, 7.88%, 5/01/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
EUR</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
995</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,245,253</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Novelis, Inc., 8.75%, 12/15/20 (d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
3,875</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
4,330,312</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Schmolz + Bickenbach Luxembourg SA,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
9.88%, 5/15/19</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
EUR</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
365</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
370,721</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Steel Dynamics, Inc., 6.38%, 8/15/22 (a)(d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
555</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
574,425</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Xstrata Canada Financial Corp.,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
2.85%, 11/10/14 (a)(d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,450</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
2,508,469</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
12,363,031</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Multiline Retail &#151; 0.1%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
Dollar General Corp., 4.13%, 7/15/17 (b)(d)</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
342</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
355,680</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Oil, Gas &amp; Consumable Fuels &#151; 6.8%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Access Midstream Partners LP,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
6.13%, 7/15/22 (d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
510</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
529,125</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: left;">
See Notes to Financial Statements.</P>
</DIV>

<!-- Field: Page; Sequence: 42; Value: 2 -->
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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<A name="page_43"></A><BR>

<a name="_bclPageBorder43"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<DIV align="left">
<TABLE border=0 style="width:100%" cellspacing=0 cellpadding=0 style="font-family: 'Arial';font-size: 10pt;">
<TR valign="bottom">
<TD NOWRAP STYLE="text-align: left; font-size: 14pt; border-top: rgb(57,76,165) 4pt solid">
<FONT color="#0000cc">Consolidated Schedule of Investments (continued)</FONT></TD>
<TD NOWRAP STYLE="border-top: rgb(57,75,165) 4pt solid; text-align: right; vertical-align: bottom; font-size: 8pt; color: #0000cc"><FONT STYLE="font-size: 7pt; color: #0000cc"><B>BlackRock
Limited Duration Income Trust (BLW)</B></FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
<TD NOWRAP STYLE="text-align: right; vertical-align: bottom; font-size: 8pt; color: #0000cc"><FONT STYLE="font-size: 7pt; color: #0000cc"><B>(Percentages
shown are based on Net Assets)</B></FONT></TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<DIV align="left">
<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial">
<TR valign="bottom">
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: center; padding-right: 12pt">
<B>Par</B></TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
<B>Corporate Bonds</B></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid; padding-right: 12pt">
<B>(000)</B></TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-bottom: #000000 1px solid">
<B>Value</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Oil, Gas &amp; Consumable Fuels (concluded)</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Alpha Natural Resources, Inc. (d):</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt; width: 61%">
6.00%, 6/01/19</TD>
	<TD STYLE="text-align: left; width: 10%">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt; width: 13%">
655</TD>
	<TD STYLE="text-align: left; width: 4%">&#36; </TD>
 <TD STYLE="text-align: right; width: 10%">589,500</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
6.25%, 6/01/21</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
485</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
434,075</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Berry Petroleum Co., 6.38%, 9/15/22 (d)</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
485</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
516,525</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
BP Capital Markets Plc, 5.25%, 11/07/13 (d)</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
6,000</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
6,329,100</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
CCS, Inc., 11.00%, 11/15/15 (a)</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,310</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,355,850</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Chaparral Energy, Inc., 7.63%, 11/15/22 (a)</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
305</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
322,538</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Chesapeake Energy Corp. (d):</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
6.88%, 11/15/20</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
405</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
420,188</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
6.13%, 2/15/21</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
620</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
615,350</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Coffeyville Resources LLC,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
9.00%, 4/01/15 (a)(d)</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
274</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
291,810</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Concho Resources, Inc., 5.50%, 10/01/22 (d)</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
560</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
578,200</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Consol Energy, Inc., 8.25%, 4/01/20 (d)</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,150</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
2,316,625</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Crosstex Energy LP, 8.88%, 2/15/18 (d)</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
135</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
144,113</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Denbury Resources, Inc., 8.25%, 2/15/20</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
71</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
80,585</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
EP Energy LLC/EP Energy Finance, Inc., 6.88%,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5/01/19 (a)(d)</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
630</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
675,675</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Holly Energy Partners LP,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
6.50%, 3/01/20 (a)(d)</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
215</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
224,675</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Kinder Morgan Energy Partners LP,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.95%, 2/15/18 (d)</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
3,215</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
3,823,542</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Kodiak Oil &amp; Gas Corp., 8.13%, 12/01/19 (a)</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
865</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
919,062</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Linn Energy LLC:</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
6.25%, 11/01/19 (a)(d)</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,400</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
2,370,000</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
8.63%, 4/15/20</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
515</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
556,200</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
7.75%, 2/01/21</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
695</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
724,537</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
MarkWest Energy Partners LP,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.50%, 2/15/23 (d)</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
370</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
378,325</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Newfield Exploration Co., 5.63%, 7/01/24 (d)</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
690</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
748,650</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Oasis Petroleum, Inc.:</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
7.25%, 2/01/19</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
380</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
400,900</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
6.50%, 11/01/21</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
410</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
418,200</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Offshore Group Investments Ltd.:</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
11.50%, 8/01/15</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,190</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,314,950</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
11.50%, 8/01/15 (a)</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,130</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,248,650</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
OGX Petroleo e Gas Participacoes SA (a):</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
8.50%, 6/01/18 (d)</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,671</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
2,370,512</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
8.38%, 4/01/22</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
605</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
514,250</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
PetroBakken Energy Ltd., 8.63%, 2/01/20 (a)</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,760</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,799,600</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Range Resources Corp. (d):</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
5.75%, 6/01/21</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,735</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,845,606</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
5.00%, 8/15/22</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
805</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
838,206</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Ruby Pipeline LLC, 4.50%, 4/01/17 (a)(d)</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,215</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,242,447</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Sabine Pass Liquified Natural Gas LP, 7.50%,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
11/30/16 (d)</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,445</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,546,150</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Samson Investment Co., 9.75%, 2/15/20 (a)</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
21</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
21,630</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
SandRidge Energy, Inc.:</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
7.50%, 3/15/21</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
320</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
324,000</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
7.50%, 3/15/21 (a)</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
430</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
435,375</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
8.13%, 10/15/22 (a)</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
290</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
303,050</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
7.50%, 2/15/23 (a)</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
765</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
768,825</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
SESI LLC (d):</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
6.38%, 5/01/19</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
755</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
800,300</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
7.13%, 12/15/21</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
745</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
828,812</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
SM Energy Co. (d):</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
6.50%, 11/15/21</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
605</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
632,225</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
6.50%, 1/01/23 (a)</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
285</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
297,113</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Targa Resources Partners LP,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
6.88%, 2/01/21 (d)</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
525</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
564,375</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
43,459,426</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Paper &amp; Forest Products &#151; 0.5%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Longview Fibre Paper &amp; Packaging, Inc., 8.00%,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
6/01/16 (a)(d)</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
395</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
408,825</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
NewPage Corp., 11.38%, 12/31/14 (c)(i)</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
3,445</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
2,333,987</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<DIV align="left">
<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial">
<TR valign="bottom">
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: center; padding-right: 12pt">
<B>Par</B></TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
<B>Corporate Bonds</B></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid; padding-right: 12pt">
<B>(000)</B></TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-bottom: #000000 1px solid">
<B>Value</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Paper &amp; Forest Products (concluded)</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Sappi Papier Holding GmbH,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt; width: 61%">
8.38%, 6/15/19 (a)(d)</TD>
	<TD STYLE="text-align: left; width: 10%; vertical-align: bottom">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt; width: 13%">
305</TD>
	<TD STYLE="text-align: left; width: 4%; border-bottom: #000000 1px solid">&#36; </TD>
 <TD STYLE="text-align: right; width: 10%; border-bottom: #000000 1px solid">321,013</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
3,063,825</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Pharmaceuticals &#151; 0.6%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Aristotle Holding, Inc., 2.65%, 2/15/17 (a)(d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,710</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
2,815,427</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Valeant Pharmaceuticals International,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
6.50%, 7/15/16 (a)(d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,260</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,329,300</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
4,144,727</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Real Estate Investment Trusts (REITs) &#151; 0.5%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Felcor Lodging LP, 6.75%, 6/01/19</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,390</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,490,775</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Ventas Realty LP / Ventas Capital Corp.,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.75%, 6/01/21 (d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,300</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,427,210</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
2,917,985</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Real Estate Management &amp; Development &#151; 1.4%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Punch Taverns Finance Plc, Series A2R,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
6.82%, 7/15/20</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
GBP</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,201</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,773,814</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Realogy Corp.:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
11.50%, 4/15/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
215</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
228,438</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
12.00%, 4/15/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
225</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
235,687</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
7.88%, 2/15/19 (a)(d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,485</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
2,559,550</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
7.63%, 1/15/20 (a)(d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,425</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,553,250</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
9.00%, 1/15/20 (a)(d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
435</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
469,800</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Shea Homes LP, 8.63%, 5/15/19 (d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,750</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,946,875</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
8,767,414</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Road &amp; Rail &#151; 1.2%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Asciano Finance Ltd., 3.13%, 9/23/15 (a)(d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
3,400</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
3,431,209</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Florida East Coast Railway Corp.,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
8.13%, 2/01/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
530</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
556,500</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
The Hertz Corp.:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
7.50%, 10/15/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
540</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
582,525</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
6.75%, 4/15/19</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
375</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
393,750</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
6.75%, 4/15/19 (a)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
405</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
425,250</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
7.38%, 1/15/21 (d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,160</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
2,349,000</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
7,738,234</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Software &#151; 0.6%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Infor US, Inc., 9.38%, 4/01/19 (a)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,000</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
2,165,000</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Nuance Communications, Inc., 5.38%, 8/15/</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
20 (a)(d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,385</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,416,162</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
3,581,162</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Specialty Retail &#151; 0.6%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Claire&#146;s Stores, Inc., 9.00%, 3/15/19 (a)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
605</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
627,688</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Party City Holdings, Inc., 8.88%, 8/01/20 (a)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
599</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
633,442</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Penske Automotive Group, Inc.,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.75%, 10/01/22 (a)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
705</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
719,100</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
QVC, Inc., 5.13%, 7/02/22 (a)(d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
370</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
387,813</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Sally Holdings LLC (d):</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
6.88%, 11/15/19</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
920</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,028,100</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
5.75%, 6/01/22</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
425</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
457,406</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
3,853,549</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Textiles, Apparel &amp; Luxury Goods &#151; 0.1%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
Levi Strauss &amp; Co., 6.88%, 5/01/22 (d)</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
380</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
394,250</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Tobacco &#151; 0.5%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
Reynolds American, Inc., 7.63%, 6/01/16 (d)</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
2,500</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
3,010,467</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Transportation Infrastructure &#151; 0.8%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Aguila 3 SA, 7.88%, 1/31/18 (a)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
498</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
524,768</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Federal Express Corp. 2012 Pass Through Trust,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
2.63%, 1/15/18 (a)(d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,468</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,481,971</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Penske Truck Leasing Co. LP/PTL Finance Corp.,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
3.13%, 5/11/15 (a)(d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
3,372</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
3,426,852</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
5,433,591</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: left;">
See Notes to Financial Statements.</P>
</DIV>

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<A name="page_44"></A><BR>

<a name="_bclPageBorder44"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<DIV align="left">
<TABLE border=0 style="width:100%" cellspacing=0 cellpadding=0 style="font-family: 'Arial';font-size: 10pt;">
<TR valign="bottom">
<TD NOWRAP STYLE="text-align: left; font-size: 14pt; border-top: rgb(57,76,165) 4pt solid">
<FONT color="#0000cc">Consolidated Schedule of Investments (continued)</FONT></TD>
<TD NOWRAP STYLE="border-top: rgb(57,75,165) 4pt solid; text-align: right; vertical-align: bottom; font-size: 8pt; color: #0000cc"><FONT STYLE="font-size: 7pt; color: #0000cc"><B>BlackRock
Limited Duration Income Trust (BLW)</B></FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
<TD NOWRAP STYLE="text-align: right; vertical-align: bottom; font-size: 8pt; color: #0000cc"><FONT STYLE="font-size: 7pt; color: #0000cc"><B>(Percentages
shown are based on Net Assets)</B></FONT></TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<DIV align="left">
<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial">
<TR valign="bottom">
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: center; padding-right: 12pt">
<B>Par</B></TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
<B>Corporate Bonds</B></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid; padding-right: 12pt">
<B>(000)</B></TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-bottom: #000000 1px solid">
<B>Value</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Wireless Telecommunication Services &#151; 2.7%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Cricket Communications, Inc.,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt; width: 61%">
7.75%, 5/15/16 (d)</TD>
	<TD STYLE="text-align: left; width: 10%; vertical-align: bottom">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt; width: 13%">
2,250</TD>
	<TD STYLE="text-align: left; width: 4%">&#36; </TD>
 <TD STYLE="text-align: right; width: 10%">2,373,750</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Crown Castle Towers LLC, 4.52%, 1/15/35 (a)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
3,000</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
3,167,604</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Digicel Group Ltd. (a):</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
9.13%, 1/15/15</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,267</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
2,289,670</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
8.25%, 9/01/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,335</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,415,100</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
10.50%, 4/15/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
490</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
529,200</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
SBA Telecommunications, Inc.,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.75%, 7/15/20 (a)(d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
328</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
342,760</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Sprint Capital Corp., 6.88%, 11/15/28 (d)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,470</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,330,350</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Sprint Nextel Corp. (a)(d):</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
9.00%, 11/15/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
3,070</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
3,622,600</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
7.00%, 3/01/20</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,510</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,653,450</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Sunrise Communications International SA,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
7.00%, 12/31/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
EUR</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
150</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
203,292</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Telefonica Emisiones SAU, 4.80%, 2/21/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
200</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
240,493</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
17,168,269</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid">
<B>Total Corporate Bonds &#151; 67.0%</B></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 2px solid">
430,902,550</TD>
</TR>
<TR>
	<TD COLSPAN="5">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: Black 1px solid; border-top: rgb(57,76,165) 4pt solid">
<B>Floating Rate Loan Interests (b)</B></TD>
	<TD STYLE="text-align: left; border-bottom: Black 1px solid; vertical-align: bottom; border-top: rgb(57,76,165) 4pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: Black 1px solid; padding-right: 12pt; border-top: rgb(57,76,165) 4pt solid">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left; border-bottom: Black 1px solid; border-top: rgb(57,76,165) 4pt solid">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Aerospace &amp; Defense &#151; 0.2%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
TransDigm, Inc., Term Loan B, 4.00%, 2/14/17</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
USD</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
1,158</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,162,295</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Airlines &#151; 0.1%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Delta Air Lines, Inc.,, Credit Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.50%, 4/20/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
690</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
694,536</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
US Airways Group, Inc., Term Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
2.74%, 3/21/14</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
145</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
140,106</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
834,642</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Auto Components &#151; 1.4%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Autoparts Holdings Ltd.:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
First Lien Term Loan, 6.50%, 7/28/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
993</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
972,650</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Second Lien Term Loan, 10.50%, 1/29/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,500</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,305,000</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Federal-Mogul Corp.:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan B, 2.17%&#150;2.18%, 12/29/14</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,149</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
2,051,210</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan C, 2.17%&#150;2.18%, 12/28/15</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
351</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
334,863</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
The Goodyear Tire &amp; Rubber Co., Term Loan</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
(Second Lien), 4.75%, 4/30/19</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,985</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
2,973,806</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Schaeffler AG, Term Loan C2, 6.00%, 1/27/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,060</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,063,095</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
8,700,624</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Beverages &#151; 0.0%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Le-Nature&#146;s, Inc., Tranche B Term Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 5.98pt">
3/01/11 (c)(e)(i)</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
1,000</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
100</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Biotechnology &#151; 0.2%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
Grifols, Inc., Term Loan B, 4.50%, 6/01/17</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
1,077</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,079,338</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Building Products &#151; 1.5%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Armstrong World Industries, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.00%, 3/09/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,265</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,260,735</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
CPG International, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
6.00%, 2/18/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
985</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
968,994</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Goodman Global, Inc.:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Initial Term Loan (First Lien),</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD STYLE="text-align: left; text-indent: 18.97pt; vertical-align: bottom">
5.75%, 10/28/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
4,421</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
4,425,349</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan (Second Lien),</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD STYLE="text-align: left; text-indent: 18.97pt; vertical-align: bottom">9.00%, 10/30/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,145</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,160,494</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Momentive Performance Materials, Inc.</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
(Nautilus), Extended Term Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
3.62%, 5/05/15</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
EUR</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,508</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,736,169</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
United Subcontractors, Inc., Term Loan</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
(First Lien), 4.47%, 6/30/15</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
158</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
142,504</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
9,694,245</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<DIV align="left">
<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial">
<TR valign="bottom">
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: center; padding-right: 12pt">
<B>Par</B></TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
<B>Floating Rate Loan Interests (b)</B></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid; padding-right: 12pt">
<B>(000)</B></TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-bottom: #000000 1px solid">
<B>Value</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Capital Markets &#151; 0.9%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
American Capital Holdings, Term Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt; width: 61%">
5.50%, 7/19/16</TD>
	<TD STYLE="text-align: left; width: 10%; vertical-align: bottom">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt; width: 13%">
1,317</TD>
	<TD STYLE="text-align: left; width: 4%">&#36; </TD>
 <TD STYLE="text-align: right; width: 10%">1,321,939</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
HarbourVest Partners LLC, Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
6.25%, 12/16/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,074</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
2,070,974</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Nuveen Investments, Inc.:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Extended (First Lien), Term Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD STYLE="text-align: left; text-indent: 11.97pt">
5.95%&#150;5.96%, 5/13/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
198</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
197,799</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Extended Term Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD STYLE="text-align: left; text-indent: 11.97pt">
5.92%&#150;5.96%, 5/12/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,137</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,139,710</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Incremental Term Loan, 7.25%, 5/13/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
790</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
793,555</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
5,523,977</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Chemicals &#151; 2.0%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
American Rock Salt Holdings LLC, Term Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.50%, 4/25/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,232</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,196,721</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Chemtura Corp., Exit Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.50%, 8/27/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,100</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,103,212</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Evergreen Acqco 1 LP, Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
6.25%, 7/09/19</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
785</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
792,363</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Gentek, Inc., Term Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.00%&#150;5.75%, 10/06/15</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
112</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
111,623</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
INEOS US Finance LLC, 6 Year Term Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
6.50%, 5/04/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
4,463</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
4,469,416</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
MacDermid, Inc., Tranche C Term Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
2.32%, 4/11/14</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
EUR</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
437</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
543,488</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Nexeo Solutions LLC, Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.00%, 9/08/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,284</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,249,256</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
PQ Corp.(FKA Niagara Acquisition, Inc.), Term</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Loan B, 3.98%, 7/30/14</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,103</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
2,065,362</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Styron Sarl LLC, Term Loan B, 8.00%, 8/02/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
556</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
517,955</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Tronox, Inc.:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Delayed Draw Term Loan, 4.25%, 2/08/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
213</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
212,700</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan B, 4.25%, 2/08/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
782</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
779,902</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
13,041,998</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Commercial Services &amp; Supplies &#151; 2.4%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
ACCO Brands Corp., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.25%, 4/30/19</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
955</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
954,407</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Altegrity, Inc.(FKA US Investigations</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Services, Inc.), Tranche D Term Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
7.75%, 2/20/15</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
3,356</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
3,338,011</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
AWAS Finance Luxembourg 2012 SA, Term</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Loan, 5.75%, 7/16/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,345</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,345,000</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
AWAS Finance Luxembourg Sarl, Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.25%, 6/10/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,072</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,072,142</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Delos Aircraft, Inc., Term Loan B2,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.75%, 4/12/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,450</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,464,500</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
KAR Auction Services, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.00%, 5/19/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,483</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,482,957</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Protection One, Inc., Term Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.75%, 3/21/19</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
828</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
836,204</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Synagro Technologies, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
2.24%, 4/02/14</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,135</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,006,256</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Volume Services America, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
10.50%&#150;10.75%, 9/16/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,555</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
2,554,500</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
West Corp., Term Loan B6, 5.75%, 6/29/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,295</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,299,053</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
15,353,030</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Communications Equipment &#151; 2.0%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Avaya, Inc.:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Extended Term Loan B3, 4.93%, 10/26/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
232</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
207,022</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan B1, 3.18%, 10/24/14</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,761</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,690,153</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
CommScope, Inc., Term Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.25%, 1/12/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,234</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,233,931</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Telesat Canada, Term Loan A, 4.41%, 3/24/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
CAD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
3,940</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
3,817,093</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Zayo Group, LLC, Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
7.13%, 7/02/19</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
5,845</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
5,930,863</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
12,879,062</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: left;">
See Notes to Financial Statements.</P>
</DIV>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<A name="page_45"></A><BR>

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<DIV align="left">
<TABLE border=0 style="width:100%" cellspacing=0 cellpadding=0 style="font-family: 'Arial';font-size: 10pt;">
<TR valign="bottom">
<TD NOWRAP STYLE="text-align: left; font-size: 14pt; border-top: rgb(57,76,165) 4pt solid">
<FONT color="#0000cc">Consolidated Schedule of Investments (continued)</FONT></TD>
<TD NOWRAP STYLE="border-top: rgb(57,75,165) 4pt solid; text-align: right; vertical-align: bottom; font-size: 8pt; color: #0000cc"><FONT STYLE="font-size: 7pt; color: #0000cc"><B>BlackRock
Limited Duration Income Trust (BLW)</B></FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
<TD NOWRAP STYLE="text-align: right; vertical-align: bottom; font-size: 8pt; color: #0000cc"><FONT STYLE="font-size: 7pt; color: #0000cc"><B>(Percentages
shown are based on Net Assets)</B></FONT></TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<DIV align="left">
<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial">
<TR valign="bottom">
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: center; padding-right: 12pt">
<B>Par</B></TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
<B>Floating Rate Loan Interests (b)</B></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid; padding-right: 12pt">
<B>(000)</B></TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-bottom: #000000 1px solid">
<B>Value</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Construction &amp; Engineering &#151; 0.6%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Safway Services LLC, First Out Term Loan,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 5.98pt; width: 61%">
9.00%, 12/16/17</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; width: 10%">
USD</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt; width: 13%">
3,750</TD>
	<TD STYLE="text-align: left; width: 4%; border-bottom: #000000 1px solid">&#36; </TD>
 <TD STYLE="text-align: right; width: 10%; border-bottom: #000000 1px solid">3,750,000</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Construction Materials &#151; 0.4%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
HD Supply, Inc., Senior Debt B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 5.98pt">
7.25%, 10/12/17</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
2,340</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
2,390,708</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Consumer Finance &#151; 0.1%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Springleaf Financial Funding Co. (FKA AGFS</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 5.98pt">
Funding Co.), Term Loan, 5.50%, 5/10/17</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
925</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
893,319</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Containers &amp; Packaging &#151; 0.1%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Sealed Air Corp., Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 5.98pt">
4.75%, 10/03/18</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
343</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
344,457</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Diversified Consumer Services &#151; 1.3%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Coinmach Service Corp., Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
3.33%, 11/20/14</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
4,548</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
4,362,895</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Education Management LLC, Term Loan C3,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
8.25%, 3/29/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,391</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,224,276</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Laureate Education, Inc., Extended Term Loan,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.25%, 6/18/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,686</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,644,151</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
ServiceMaster Co.:</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Delayed Draw Term Loan, 2.74%, 7/24/14</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
123</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
122,271</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan, 2.75%&#150;2.97%, 7/24/14</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,236</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,227,873</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
8,581,466</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Diversified Financial Services &#151; 0.9%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Residential Capital LLC, DIP Term Loan A1,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.00%, 11/18/13</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,905</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
2,912,263</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Reynolds Group Holdings, Inc., Term Loan C,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
6.50%, 8/09/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,554</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
2,585,781</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
5,498,044</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Diversified Telecommunication Services &#151; 2.0%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Hawaiian Telcom Communications, Inc., Term</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Loan B, 7.00%, 2/28/17</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,755</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,776,938</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Level 3 Financing, Inc.:</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
2016 Term Loan B, 4.75%, 2/01/16</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
765</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
766,530</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
2019 Term Loan B, 5.25%, 8/01/19</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
625</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
625,913</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan B2, 5.75%, 9/03/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,400</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
2,406,336</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan B3, 5.75%, 8/31/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,800</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
2,807,392</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Telesat LLC, Term Loan B, 4.25%, 3/28/19</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
3,725</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
3,716,283</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
US Telepacific Corp., Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.75%, 2/23/17</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
497</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
474,427</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
12,573,819</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Electric Utilities &#151; 0.0%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
TPF Generation Holdings LLC, Synthetic Letter of</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 5.98pt">
Credit Deposit (First Lien), 2.36%, 12/13/13</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
47</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
46,897</TD>
</TR>
<TR valign="bottom">
	<TD COLSPAN="2" STYLE="text-align: left">
<B><FONT color="#0000cc">Electronic Equipment, Instruments &amp; Components &#151; 0.1%</FONT></B></TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Sensata Technologies Finance Co. LLC, Term</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 5.98pt">
Loan, 4.00%, 5/11/18</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
711</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
711,457</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Energy Equipment &amp; Services &#151; 1.7%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Dynegy Midwest Generation LLC, Coal Co. Term</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Loan, 9.25%, 8/04/16</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,315</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
2,400,818</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Dynegy Power LLC, Gas Co. Term Loan,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
9.25%, 8/04/16</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
4,236</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
4,434,192</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
MEG Energy Corp., Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.00%, 3/16/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,985</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,987,243</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Tervita Corp. (FKA CCS Corp.), Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
3.23%, 11/14/14</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,830</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,795,646</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
10,617,899</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Food &amp; Staples Retailing &#151; 0.1%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Pilot Travel Centers LLC, Term Loan B2,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.25%, 8/07/19</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
610</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
611,525</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
US Foods, Inc. (FKA U.S. Foodservice, Inc.)</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Extended Term Loan B, 5.75%, 3/31/17</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
225</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
217,466</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
828,991</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<DIV align="left">
<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial">
<TR valign="bottom">
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: center; padding-right: 12pt">
<B>Par</B></TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
<B>Floating Rate Loan Interests (b)</B></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid; padding-right: 12pt">
<B>(000)</B></TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-bottom: #000000 1px solid">
<B>Value</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Food Products &#151; 0.9%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Advance Pierre Foods:</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt; width: 61%">
Term Loan (First Lien), 7.00%, 9/30/16</TD>
	<TD STYLE="text-align: left; width: 10%">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt; width: 13%">
2,027</TD>
	<TD STYLE="text-align: left; width: 4%">&#36; </TD>
 <TD STYLE="text-align: right; width: 10%">2,036,168</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan (Second Lien),</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD STYLE="text-align: left; text-indent: 18.97pt">
11.25%, 9/29/17</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,300</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,307,800</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Del Monte Foods Co., Term Loan,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.50%, 3/08/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
918</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
905,868</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Pinnacle Foods Finance LLC, Term Loan E,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.75%, 10/17/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,130</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,125,122</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Solvest Ltd. (Dole):</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan B-2, 5.00%&#150;6.00%, 7/06/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
97</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
96,898</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan C-2, 5.00%&#150;6.00%, 7/06/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
173</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
173,398</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
5,645,254</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Health Care Equipment &amp; Supplies &#151; 1.6%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Bausch &amp; Lomb, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.25%, 5/17/19</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,055</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
2,061,843</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
BSN Medical Acquisition Holding GmbH, Term</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Loan B, 6.00%, 7/27/19</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
700</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
701,750</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
DJO Finance LLC, Term Loan B3,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
6.25%, 9/15/17</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,165</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
2,166,371</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Hologic, Inc., Term Loan B, 4.50%, 8/01/19</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,795</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
2,811,966</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Hupah Finance, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
6.25%, 1/21/19</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
998</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,001,241</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Immucor, Inc., Term Loan B, 7.25%, 8/17/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
646</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
648,418</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
LHP Hospital Group, Inc., Term Loan,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
9.00%, 7/03/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
860</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
866,450</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
10,258,039</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Health Care Providers &amp; Services &#151; 2.1%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Ardent Health Services, Term Loan (First Lien),</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
6.50%, 9/15/15</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,287</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
ConvaTec, Inc., Term Loan, 5.75%, 12/22/16</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,258</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,260,770</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
DaVita, Inc.:</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan B, 4.50%, 10/20/16</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,970</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,974,925</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan B2, 4.00%, 9/02/19</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,010</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,005,112</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Emergency Medical Services Corp., Term Loan,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.25%, 5/25/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
292</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
291,689</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Harden Healthcare LLC:</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Add on Term Loan A, 7.75%, 3/02/15</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
3,100</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
3,004,076</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan A, 8.50%, 3/02/15</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
514</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
504,009</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
HCA, Inc., Extended Term Loan B3,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
3.48%, 5/01/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
890</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
875,956</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
inVentiv Health, Inc.:</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Combined Term Loan, 6.50%, 8/04/16</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
453</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
421,357</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Incremental Term Loan B-3,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD STYLE="text-align: left; text-indent: 18.97pt">
6.75%, 5/15/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
431</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
402,290</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Medpace, Inc., Term Loan,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
6.50%&#150;7.25%, 6/16/17</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,729</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
2,605,837</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Sheridan Holdings, Inc., First Lien Term Loan,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
6.00%, 6/29/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
370</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
370,307</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
US Renal Care, Inc., First Lien Term Loan,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
6.25%&#150;7.25%, 7/02/19</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
860</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
866,450</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
13,584,065</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Health Care Technology &#151; 0.2%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
IMS Health, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.50%, 8/25/17</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
901</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
903,326</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Kinetic Concepts, Inc., Term Loan B, 7.00%,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5/04/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
617</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
622,039</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,525,365</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Hotels, Restaurants &amp; Leisure &#151; 2.9%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Alpha D2 Ltd., Term Loan B, 5.75%, 4/28/17</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,566</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,574,219</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Caesars Entertainment Operating Co., Inc.:</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Extended Term Loan B6, 5.49%, 1/26/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
470</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
413,158</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Incremental Term Loan B4,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD STYLE="text-align: left; text-indent: 18.97pt">
9.50%, 10/31/16</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,230</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,254,672</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan B1, 3.24%, 1/28/15</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,104</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,995,514</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan B3, 3.24%&#150;3.46%, 1/28/15</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
6,389</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
6,059,247</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: left;">
See Notes to Financial Statements.</P>
</DIV>

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<A name="page_46"></A><BR>

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<DIV align="left">
<TABLE border=0 style="width:100%" cellspacing=0 cellpadding=0 style="font-family: 'Arial';font-size: 10pt;">
<TR valign="bottom">
<TD NOWRAP STYLE="text-align: left; font-size: 14pt; border-top: rgb(57,76,165) 4pt solid">
<FONT color="#0000cc">Consolidated Schedule of Investments (continued)</FONT></TD>
<TD NOWRAP STYLE="border-top: rgb(57,75,165) 4pt solid; text-align: right; vertical-align: bottom; font-size: 8pt; color: #0000cc"><FONT STYLE="font-size: 7pt; color: #0000cc"><B>BlackRock
Limited Duration Income Trust (BLW)</B></FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
<TD NOWRAP STYLE="text-align: right; vertical-align: bottom; font-size: 8pt; color: #0000cc"><FONT STYLE="font-size: 7pt; color: #0000cc"><B>(Percentages
shown are based on Net Assets)</B></FONT></TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<DIV align="left">
<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial">
<TR valign="bottom">
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: center; padding-right: 12pt">
<B>Par</B></TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
<B>Floating Rate Loan Interests (b)</B></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid; padding-right: 12pt">
<B>(000)</B></TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-bottom: #000000 1px solid">
<B>Value</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Hotels, Restaurants &amp; Leisure (concluded)</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Dunkin&#146; Brands, Inc., Term Loan B2,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt; width: 61%">
4.00%, 11/23/17</TD>
	<TD STYLE="text-align: left; width: 10%">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt; width: 13%">
2,350</TD>
	<TD STYLE="text-align: left; width: 4%">&#36; </TD>
 <TD STYLE="text-align: right; width: 10%">2,324,742</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
OSI Restaurant Partners LLC:</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Revolver, 2.49%&#150;2.56%, 6/14/13</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
43</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
43,091</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan B, 2.56%, 6/14/14</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
113</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
112,232</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Sabre, Inc., Non-Extended Initial Term Loan,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
2.23%, 9/30/14</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
429</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
424,990</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
SeaWorld Parks &amp; Entertainment, Inc., Term</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Loan B, 4.00%, 8/17/17</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
855</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
855,420</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Six Flags Theme Parks, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.25%, 12/20/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,155</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,157,703</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Travelport LLC:</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Extended Tranche A Term Loan,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 17.96pt">
6.44%, 9/28/12</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
443</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
132,755</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Extended Tranche B Term Loan,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 17.96pt">
13.94%, 12/01/16</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,427</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
114,134</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Twin River Worldwide Holdings, Inc., Term Loan,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
8.50%, 11/05/15</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,198</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,201,888</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Wendy&#146;s International, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.75%, 5/15/19</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,235</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,240,508</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
18,904,273</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Household Durables &#151; 0.0%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Berkline/Benchcraft LLC, Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 5.98pt">
14.00%, 11/03/11 (c)(i)</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
166</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
27,964</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Household Products &#151; 0.1%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Prestige Brands, Inc., Term Loan,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 5.98pt">
5.25%&#150;6.25%, 1/31/19</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
856</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
862,601</TD>
</TR>
<TR valign="bottom">
	<TD COLSPAN="2" STYLE="text-align: left">
<B><FONT color="#0000cc">Independent Power Producers &amp; Energy Traders &#151; 0.5%</FONT></B></TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
The AES Corp., Term Loan, 4.25%, 6/01/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,481</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,484,953</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Calpine Corp., Term Loan B, 4.50%, 4/02/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,070</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,071,477</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
GenOn Energy, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
6.00%, 12/01/17</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
438</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
441,428</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
2,997,858</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Industrial Conglomerates &#151; 0.4%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Sequa Corp., Term Loan,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 5.98pt">
3.69%&#150;3.72%, 12/03/14</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
2,324</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
2,308,350</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Insurance &#151; 0.2%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Asurion LLC, Term Loan (First Lien),</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 5.98pt">
5.50%, 5/24/18</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
1,512</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,515,889</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Internet Software &amp; Services &#151; 0.1%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Web.com Group, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 5.98pt">
7.00%, 10/27/17</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
960</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
955,498</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">IT Services &#151; 2.1%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Ceridian Corp., Extended Term Loan,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.99%, 5/09/17</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,087</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,086,287</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
First Data Corp.:</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Extended 2018 Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 17.96pt">
4.24%, 3/23/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
5,119</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
4,833,398</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Non-Extended Term Loan B-1,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 17.96pt">
2.99%, 9/24/14</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
97</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
95,980</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Non-Extended Term Loan B-3,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 17.96pt">
2.99%, 9/24/14</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
62</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
61,398</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Genpact International, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.25%, 8/16/19</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,070</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,070,000</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
InfoGroup, Inc., Term Loan, 5.75%, 5/25/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,061</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
938,901</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Neustar, Inc., Term Loan B, 5.00%, 11/08/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,040</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
2,049,785</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
TransUnion LLC, Term Loan B, 5.50%, 2/12/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
3,131</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
3,151,903</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
13,287,652</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Leisure Equipment &amp; Products &#151; 0.3%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Eastman Kodak Co., DIP Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
8.50%, 7/19/13</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,461</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,447,501</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<DIV align="left">
<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial">
<TR valign="bottom">
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: center; padding-right: 12pt">
<B>Par</B></TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
<B>Floating Rate Loan Interests (b)</B></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid; padding-right: 12pt">
<B>(000)</B></TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-bottom: #000000 1px solid">
<B>Value</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Leisure Equipment &amp; Products (concluded)</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
FGI Operating Company, LLC, Term Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt; width: 61%">
5.50%&#150;6.50%, 4/19/19</TD>
	<TD STYLE="text-align: left; width: 10%; vertical-align: bottom">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt; width: 13%">
485</TD>
	<TD STYLE="text-align: left; width: 4%; border-bottom: #000000 1px solid">&#36; </TD>
 <TD STYLE="text-align: right; width: 10%; border-bottom: #000000 1px solid">486,518</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,934,019</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Machinery &#151; 1.5%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Intelligrated, Inc., First Lien Term Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
6.75%, 7/30/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,100</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,089,000</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Navistar International Corp., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
7.00%, 8/17/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,036</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,041,009</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Rexnord Corp., Term Loan B, 5.00%, 4/02/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,480</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,486,067</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Terex Corp.:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan, 6.00%, 4/28/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
EUR</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
308</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
385,059</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan B, 5.50%, 4/28/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
993</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
997,462</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Tomkins LLC, Term Loan B, 4.25%, 9/29/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,897</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,902,428</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Wabash National Corp., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
6.00%, 5/02/19</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,758</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
2,775,326</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
9,676,351</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Media &#151; 6.2%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Affinion Group, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.00%, 7/16/15</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
519</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
440,253</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
AMC Networks, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.00%, 12/31/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,178</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
2,176,650</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Capsugel Holdings US, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.75%, 8/01/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
663</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
663,479</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Cengage Learning Acquisitions, Inc., Tranche 1</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Incremental, 7.50%, 7/03/14</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,020</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,949,691</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Charter Communications Operating LLC:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Extended Term Loan C, 3.49%, 9/06/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,348</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
2,342,549</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan D, 4.00%, 5/15/19</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
915</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
913,615</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Clear Channel Communications, Inc.:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan B, 3.88%, 1/28/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,363</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,829,528</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan C, 3.88%, 1/28/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
783</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
595,208</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Cumulus Media, Inc., First Lien Term Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.75%, 9/17/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,492</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,494,567</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
EMI Music Publishing Ltd., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.50%, 6/29/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
770</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
775,198</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Houghton Mifflin Harcourt Publishing Co.,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
DIP Term Loan B, 7.25%, 6/01/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,175</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
2,199,014</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Hubbard Broadcasting, Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.25%, 4/28/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
789</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
790,146</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Intelsat Jackson Holdings SA, Tranche B Term</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Loan, 5.25%, 4/02/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
4,179</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
4,193,002</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Interactive Data Corp., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.50%, 2/12/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,376</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
2,379,469</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Kabel Deutschland GmbH, Term Loan F,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.25%, 2/01/19</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
3,195</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
3,189,217</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Lavena Holding 4 GmbH (Prosiebensat.1</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Media AG):</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan (Second Lien), 4.45%, 9/02/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
EUR</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
904</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
957,984</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan B, 2.95%, 3/06/15</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
304</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
349,790</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan C, 3.32%, 3/04/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
304</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
351,701</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Newsday LLC, Fixed Rate Term Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
10.50%, 8/01/13</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
4,505</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
4,529,417</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Sinclair Television Group, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.00%, 10/28/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,220</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,218,827</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Univision Communications, Inc., Extended Term</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Loan, 4.48%, 3/31/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,985</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
2,885,560</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
UPC Broadband Holding BV, Term Loan U,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.12%, 12/29/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
EUR</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
97</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
121,039</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
UPC Financing Partnership:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan, 4.75%, 12/29/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,045</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,048,051</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan T, 3.75%, 12/30/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
355</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
351,674</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
WC Luxco Sarl, Term Loan B3,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.25%, 3/15/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
529</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
525,958</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Weather Channel, Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.25%, 2/13/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
522</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
523,628</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: left;">
See Notes to Financial Statements.</P>
</DIV>

<!-- Field: Page; Sequence: 46; Value: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; padding-top: 6pt; padding-bottom: 12pt; border-top: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 9pt Arial, Helvetica, Sans-Serif"><TR><TD STYLE="text-align: left; width: 33%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->46<!-- Field: /Sequence --></TD><TD STYLE="text-align: center; width: 34%">ANNUAL REPORT</TD><TD STYLE="text-align: right; width: 33%">AUGUST 31, 2012</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<A name="page_47"></A><BR>

<a name="_bclPageBorder47"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<DIV align="left">
<TABLE border=0 style="width:100%" cellspacing=0 cellpadding=0 style="font-family: 'Arial';font-size: 10pt;">
<TR valign="bottom">
<TD NOWRAP STYLE="text-align: left; font-size: 14pt; border-top: rgb(57,76,165) 4pt solid">
<FONT color="#0000cc">Consolidated Schedule of Investments (continued)</FONT></TD>
<TD NOWRAP STYLE="border-top: rgb(57,75,165) 4pt solid; text-align: right; vertical-align: bottom; font-size: 8pt; color: #0000cc"><FONT STYLE="font-size: 7pt; color: #0000cc"><B>BlackRock
Limited Duration Income Trust (BLW)</B></FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
<TD NOWRAP STYLE="text-align: right; vertical-align: bottom; font-size: 8pt; color: #0000cc"><FONT STYLE="font-size: 7pt; color: #0000cc"><B>(Percentages
shown are based on Net Assets)</B></FONT></TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<DIV align="left">
<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial">
<TR valign="bottom">
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: center; padding-right: 12pt">
<B>Par</B></TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
<B>Floating Rate Loan Interests (b)</B></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid; padding-right: 12pt">
<B>(000)</B></TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-bottom: #000000 1px solid">
<B>Value</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Media (concluded)</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
WideOpenWest Finance LLC, First Lien</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt; width: 61%">
Term Loan, 6.25%, 7/17/18</TD>
	<TD STYLE="text-align: left; width: 10%; vertical-align: bottom">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt; width: 13%">
745</TD>
	<TD STYLE="text-align: left; width: 4%; border-bottom: #000000 1px solid">&#36; </TD>
 <TD STYLE="text-align: right; width: 10%; border-bottom: #000000 1px solid">744,538</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
39,539,753</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Metals &amp; Mining &#151; 1.1%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Constellium Holdco BV, Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
9.25%, 5/25/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,305</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,278,900</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Novelis, Inc.:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Incremental Term Loan B2,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD STYLE="text-align: left; text-indent: 11.97pt">
4.00%, 3/10/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,473</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
2,455,903</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan, 4.00%, 3/10/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,945</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
2,926,875</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Walter Energy, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.00%, 4/02/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
336</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
330,790</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
6,992,468</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Multiline Retail &#151; 0.7%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
99&#162; Only Stores, Term Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.25%, 1/11/19</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
910</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
915,538</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Hema Holding BV:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Second Lien Term Loan, 5.14%, 1/05/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
EUR</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,600</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
3,065,887</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan B, 2.14%, 7/06/15</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
334</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
404,294</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan C, 2.89%, 7/05/16</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
334</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
406,392</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
4,792,111</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Oil, Gas &amp; Consumable Fuels &#151; 1.3%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Chesapeake Energy Corp., Unsecured Term</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Loan, 8.50%, 12/01/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,735</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
2,740,880</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Everest Acquisition LLC, Term Loan B1,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.00%, 4/24/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,690</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,694,225</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Gibson Energy ULC, Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.75%, 6/15/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,236</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,240,287</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Obsidian Natural Gas Trust, Term Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
7.00%, 11/02/15</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,412</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
2,411,790</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
8,087,182</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Paper &amp; Forest Products &#151; 0.4%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Ainsworth Lumber Co. Ltd., Term Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.25%, 6/26/14</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
875</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
846,563</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
NewPage Corp., DIP Term Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
8.00%, 3/07/13</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,450</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,463,601</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Verso Paper Finance Holdings LLC, Term Loan,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
6.50%&#150;7.24%, 2/01/13</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
735</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
367,603</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
2,677,767</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Pharmaceuticals &#151; 0.9%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Aptalis Pharma, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.50%, 2/10/17</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,478</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,471,959</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Pharmaceutical Product Development, Inc.,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Term Loan B, 6.25%, 12/05/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,728</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,746,644</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
RPI Finance Trust, Incremental Tranche 2,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.00%, 11/09/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
464</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
464,324</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Valeant Pharmaceuticals International, Inc.,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Series A Tranche B, 4.75%, 2/13/19</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
485</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
486,125</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Warner Chilcott Corp.:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Incremental Term Loan B-1,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD STYLE="text-align: left; text-indent: 18.97pt">
4.25%, 3/15/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
292</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
290,518</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan B-1, 4.25%, 3/15/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
769</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
765,029</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan B-2, 4.25%, 3/15/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
385</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
382,515</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
5,607,114</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Professional Services &#151; 0.6%</FONT></B></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Booz Allen Hamilton, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.50%, 7/31/19</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,390</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,391,737</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Emdeon, Inc., Term Loan B1,</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.00%,11/02/18</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
931</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
931,544</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<DIV align="left">
<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial">
<TR valign="bottom">
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: center; padding-right: 12pt">
<B>Par</B></TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
<B>Floating Rate Loan Interests (b)</B></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid; padding-right: 12pt">
<B>(000)</B></TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-bottom: #000000 1px solid">
<B>Value</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Professional Services (concluded)</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
ON Assignment, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt; width: 61%">
5.00%, 5/15/19</TD>
	<TD STYLE="text-align: left; width: 10%">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt; width: 13%">
612</TD>
	<TD STYLE="text-align: left; width: 4%">&#36; </TD>
 <TD STYLE="text-align: right; width: 10%">608,659</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Truven Health Analytics, Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
6.75%, 6/06/19</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,190</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,198,425</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
4,130,365</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<FONT color="#0000cc">Real Estate Investment Trusts (REITs) &#151; 0.7%</FONT></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
iStar Financial, Inc.:</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan A1, 5.00%, 6/28/13</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
4,418</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
4,421,028</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan A2, 7.00%, 6/30/14</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
210</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
210,197</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
4,631,225</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Real Estate Management &amp; Development &#151; 0.8%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Realogy Corp.:</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Extended Letter of Credit Loan,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD STYLE="text-align: left; text-indent: 18.97pt">
4.50%, 10/10/16</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
123</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
118,701</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Extended Term Loan, 4.49%, 10/10/16</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
4,773</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
4,607,771</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Stockbridge SBE Holdings LLC, Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
13.00%, 5/02/17</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
425</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
422,875</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
5,149,347</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Road &amp; Rail &#151; 0.4%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
RailAmerica, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.00%, 3/01/19</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,224</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
2,223,046</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Road Infrastructure Investment LLC,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Term Loan B, 6.25%, 3/30/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
643</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
640,170</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
2,863,216</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Semiconductors &amp; Semiconductor Equipment &#151; 0.3%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Freescale Semiconductor, Inc., Extended</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Term Loan B, 4.50%, 12/01/16</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,422</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,364,361</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
NXP BV, Term Loan A-2, 5.50%, 3/03/17</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
401</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
405,425</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,769,786</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Software &#151; 1.0%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Bankruptcy Management Solutions, Inc., Term</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Loan (First Lien), 7.50%, 8/20/14</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
719</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
211,045</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Infor US, Inc. (FKA Lawson Software, Inc.), Term</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Loan B, 6.25%, 4/05/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,110</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
2,131,400</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Sophia, LP, Term Loan B, 6.25%, 7/19/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
918</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
925,271</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
SS&amp;C Technologies, Inc.:</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan B-1, 5.00%, 6/07/19</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,347</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,348,573</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan B-2, 5.00%, 6/07/19</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
139</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
139,508</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
WaveDivision Holdings LLC, Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.50%, 8/23/19</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,770</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,776,602</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
6,532,399</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Specialty Retail &#151; 2.0%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Academy Ltd., Term Loan, 6.00%, 8/03/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,791</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,797,268</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Bass Pro Group LLC, Term Loan,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.25%, 6/13/17</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
783</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
788,581</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Burlington Coat Factory Warehouse Corp., Term</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Loan B1, 5.50%, 2/23/17</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
216</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
216,397</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Claire&#146;s Stores, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
2.98%&#150;3.20%, 5/29/14</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,024</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,004,841</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
General Nutrition Centers, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.25%, 3/02/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,535</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
2,531,426</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Harbor Freight Tools USA, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.50%, 11/14/17</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
530</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
529,253</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Michaels Stores, Inc., Extended Term Loan B3,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.00%, 7/29/16</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,870</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,878,997</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Party City Holdings, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.75%, 7/26/19</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,285</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,290,885</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
PETCO Animal Supplies, Inc., Term Loan,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.50%, 11/24/17</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,213</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,213,340</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Toys &#145;R&#146; Us Delaware, Inc.:</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan, 6.00%, 9/01/16</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
435</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
427,487</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Term Loan B3, 5.25%, 5/25/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
618</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
593,712</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: left;">
See Notes to Financial Statements.</P>
</DIV>

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<A name="page_48"></A><BR>

<a name="_bclPageBorder48"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<DIV align="left">
<TABLE border=0 style="width:100%" cellspacing=0 cellpadding=0 style="font-family: 'Arial';font-size: 10pt;">
<TR valign="bottom">
<TD NOWRAP STYLE="text-align: left; font-size: 14pt; border-top: rgb(57,76,165) 4pt solid">
<FONT color="#0000cc">Consolidated Schedule of Investments (continued)</FONT></TD>
<TD NOWRAP STYLE="border-top: rgb(57,75,165) 4pt solid; text-align: right; vertical-align: bottom; font-size: 8pt; color: #0000cc"><FONT STYLE="font-size: 7pt; color: #0000cc"><B>BlackRock
Limited Duration Income Trust (BLW)</B></FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
<TD NOWRAP STYLE="text-align: right; vertical-align: bottom; font-size: 8pt; color: #0000cc"><FONT STYLE="font-size: 7pt; color: #0000cc"><B>(Percentages
shown are based on Net Assets)</B></FONT></TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<DIV align="left">
<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial">
<TR valign="bottom">
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: center; padding-right: 12pt">
<B>Par</B></TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
<B>Floating Rate Loan Interests (b)</B></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid; padding-right: 12pt">
<B>(000)</B></TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-bottom: #000000 1px solid">
<B>Value</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Specialty Retail (concluded)</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
The Yankee Candle Co., Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt; width: 61%">
5.25%, 4/02/19</TD>
	<TD STYLE="text-align: left; width: 10%">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt; width: 13%">
663</TD>
	<TD STYLE="text-align: left; width: 4%; border-bottom: #000000 1px solid">&#36; </TD>
 <TD STYLE="text-align: right; width: 10%; border-bottom: #000000 1px solid">665,911</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
12,938,098</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Textiles, Apparel &amp; Luxury Goods &#151; 0.3%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Ascend Performance Materials LLC,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Term Loan B, 6.75%, 4/10/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,272</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,260,150</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Wolverine Worldwide, Inc., Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.21%, 6/26/19</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
830</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
835,171</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
2,095,321</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Wireless Telecommunication Services &#151; 1.6%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Crown Castle International Corp., Term Loan B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.00%, 1/31/19</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
297</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
296,334</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
MetroPCS Wireless, Inc., Term Loan B-3,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.00%, 3/16/18</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,032</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,028,362</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Vodafone Americas Finance 2, Inc., Term Loan,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
6.88%, 8/11/15 (g)</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
8,583</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
8,926,671</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
10,251,367</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid">
<B>Total Floating Rate Loan Interests &#151; 49.2%</B></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 2px solid">
316,047,065</TD>
</TR>
<TR>
	<TD COLSPAN="5">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: Black 1px solid; border-top: rgb(57,76,165) 4pt solid">
<B>Non-Agency Mortgage-Backed Securities</B></TD>
	<TD STYLE="text-align: left; border-bottom: Black 1px solid; border-top: rgb(57,76,165) 4pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: Black 1px solid; padding-right: 12pt; border-top: rgb(57,76,165) 4pt solid">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left; border-bottom: Black 1px solid; border-top: rgb(57,76,165) 4pt solid">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Collateralized Mortgage Obligations &#151; 3.4%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Adjustable Rate Mortgage Trust, Series 2007-1,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Class 3A21, 5.87%, 3/25/37 (b)</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,489</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,484,256</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Countrywide Alternative Loan Trust,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Series 2005-54CB, Class 3A4,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.50%, 11/25/35</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
6,981</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
5,852,914</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Countrywide Home Loan Mortgage Pass-</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Through Trust:</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Series 2005-17, Class 1A6</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 17.96pt">
5.50%, 9/25/35</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,328</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
2,313,294</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Series 2006-17, Class A2</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 17.96pt">
6.00%, 12/25/36</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
4,526</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
4,107,852</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Series 2007-16, Class A1</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 17.96pt">
6.50%, 10/25/37</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,371</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
2,111,885</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Series 2007-HY5, Class 3A1</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 17.96pt">
5.78%, 9/25/37 (b)</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,806</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
2,336,687</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
GSR Mortgage Loan Trust, Series 2005-AR5,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Class 2A3, 3.00%, 10/25/35 (b)</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,402</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,946,962</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Morgan Stanley Reremic Trust, Series 2010-R4,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Class 4A, 0.47%, 2/26/37 (a)(b)</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,003</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,898,298</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
22,052,148</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Commercial Mortgage-Backed Securities &#151; 7.2%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Banc of America Commercial Mortgage, Inc. (b):</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Series 2007-3, Class A2 5.89%, 6/10/49</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
491</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
490,950</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Series 2007-4, Class A4 5.92%, 2/10/51</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,150</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
2,525,354</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Citigroup/Deutsche Bank Commercial Mortgage</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Trust, Series 2007-CD4, Class A2B,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.21%, 12/11/49</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
307</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
312,028</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Credit Suisse Mortgage Capital Certificates:</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Series 2006-C5, Class AM</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 17.96pt">
5.34%, 12/15/39</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,850</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,882,164</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Series 2007-C2, Class A2</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 17.96pt">
5.45%, 1/15/49 (b)</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
656</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
662,178</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Series 2007-C3, Class A2</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 17.96pt">
5.87%, 6/15/39 (b)</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
761</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
760,280</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Series 2007-C4, Class A3</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 17.96pt">
5.96%, 9/15/39 (b)</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,815</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
2,938,314</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Series 2007-C5, Class AAB</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 17.96pt">
5.62%, 9/15/40 (b)</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,085</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
2,231,678</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Extended Stay America Trust,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 17.96pt">
Series 2010-ESHA, Class C,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 17.96pt">
4.86%, 11/05/27 (a)</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
2,320</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
2,351,554</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<DIV align="left">
<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial">
<TR valign="bottom">
	<TD STYLE="text-align: left">
&nbsp;</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: center; padding-right: 12pt">
<B>Par</B></TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
<B>Non-Agency Mortgage-Backed Securities</B></TD>

    <TD STYLE="text-align: left; border-bottom: #000000 1px solid">&nbsp;</TD><TD STYLE="text-align: center; border-bottom: #000000 1px solid; padding-right: 12pt">
<B>(000)</B></TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-bottom: #000000 1px solid">
<B>Value</B></TD>
</TR>
<TR>
	<TD COLSPAN="5">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Commercial Mortgage-Backed Securities (concluded)</FONT></B></TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
First Union Commercial Mortgage Securities,</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Inc., Series 1997-C2, Class G,</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt; width: 61%">
7.50%, 11/18/29 (b)</TD>

    <TD STYLE="width: 10%">&nbsp;</TD><TD STYLE="text-align: right; padding-right: 12pt; width: 13%">
USD 3,310</TD>
	<TD STYLE="text-align: left; width: 4%">&#36; </TD>
 <TD STYLE="text-align: right; width: 10%">3,469,479</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Greenwich Capital Commercial Funding Corp.:</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Series 2006-GG7, Class AM</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 17.96pt">
6.06%, 7/10/38 (b)</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: right; padding-right: 12pt">
1,610</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,710,216</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Series 2007-GG9, Class A4</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 17.96pt">
5.44%, 3/10/39</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: right; padding-right: 12pt">
2,110</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
2,388,336</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
GS Mortgage Securities Corp. II, Series 2006-</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
GG6, Class AM, 5.62%, 4/10/38 (b)</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: right; padding-right: 12pt">
3,680</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
3,854,690</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
JPMorgan Chase Commercial Mortgage</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Securities Corp.:</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Series 2004-LN2, Class A2</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 17.96pt">
5.12%, 7/15/41</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: right; padding-right: 12pt">
2,315</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
2,458,942</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Series 2007-CB18, Class A4</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 17.96pt">
5.44%, 6/12/47</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: right; padding-right: 12pt">
2,110</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
2,408,782</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Series 2007-CB19, Class A4</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 17.96pt">
5.92%, 2/12/49 (b)</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: right; padding-right: 12pt">
2,140</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
2,486,657</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
LB-UBS Commercial Mortgage Trust,</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Series 2007-C6, Class A4,</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
5.86%, 7/15/40 (b)</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: right; padding-right: 12pt">
4,745</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
5,544,262</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Morgan Stanley Capital I, Series 2007-IQ15,</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Class A2, 6.04%, 6/11/49 (b)</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: right; padding-right: 12pt">
1,983</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,988,570</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Wachovia Bank Commercial Mortgage Trust (b):</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Series 2007-C33, Class A2</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 17.96pt">
6.08%, 2/15/51</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: right; padding-right: 12pt">
871</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
871,458</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Series 2007-C33, Class A4</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 17.96pt">
6.12%, 2/15/51</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: right; padding-right: 12pt">
2,030</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
2,362,583</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
WF-RBS Commercial Mortgage Trust:</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Series 2012-C8, Class B</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 17.96pt">
4.31%, 8/15/45</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: right; padding-right: 12pt">
1,085</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
1,095,827</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Series 2012-C8, Class C</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 17.96pt">
5.04%, 8/15/45 (b)</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: right; padding-right: 12pt">
1,395</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,360,591</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>

    <TD STYLE="text-align: left; border-bottom: #000000 1px solid">&nbsp;</TD><TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
46,154,893</TD>
</TR>
<TR valign="bottom">
	<TD COLSPAN="3" STYLE="text-align: left">
<B><FONT color="#0000cc">Interest Only Commercial Mortgage-Backed Securities &#151; 0.4%</FONT></B></TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Morgan Stanley Capital I, Series 2012-C4,</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 5.98pt">
Class XA, 2.89%, 3/15/45 (a)(b)</TD>

    <TD STYLE="text-align: left; border-bottom: #000000 1px solid">&nbsp;</TD><TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
15,573</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
2,297,016</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid">
<B>Total Non-Agency Mortgage-Backed Securities &#151; 11.0%</B></TD>

    <TD STYLE="text-align: left; border-bottom: #000000 2px solid">&nbsp;</TD><TD STYLE="text-align: left; border-bottom: #000000 2px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 2px solid">
70,504,057</TD>
</TR>
<TR>
	<TD COLSPAN="5">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-top: rgb(57,76,165) 4pt solid">
&nbsp;</TD>

    <TD STYLE="border-top: rgb(57,76,165) 4pt solid">&nbsp;</TD><TD STYLE="text-align: center; padding-right: 12pt; border-top: rgb(57,76,165) 4pt solid">
<B>Beneficial</B></TD>
	<TD COLSPAN="2" STYLE="text-align: left; border-top: rgb(57,76,165) 4pt solid">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
&nbsp;</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: center; padding-right: 12pt">
<B>Interest</B></TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
<B>Other Interests (j)</B></TD>

    <TD STYLE="text-align: left; border-bottom: #000000 1px solid">&nbsp;</TD><TD STYLE="text-align: center; border-bottom: #000000 1px solid; padding-right: 12pt">
<B>(000)</B></TD>
	<TD COLSPAN="2" STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Auto Components &#151; 0.0%</FONT></B></TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
Lear Corp. Escrow</TD>

    <TD STYLE="text-align: left; border-bottom: #000000 1px solid">&nbsp;</TD><TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
1,000</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
10,625</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Diversified Financial Services &#151; 0.2%</FONT></B></TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
J.G. Wentworth LLC Preferred Equity Interests</TD>

    <TD STYLE="text-align: left; border-bottom: #000000 1px solid">&nbsp;</TD><TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
1</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
1,598,298</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Household Durables &#151; 0.0%</FONT></B></TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
Berkline Benchcraft Equity LLC</TD>

    <TD STYLE="text-align: left; border-bottom: #000000 1px solid">&nbsp;</TD><TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
3</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
&#151;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid">
<B>Total Other Interests &#151; 0.2%</B></TD>

    <TD STYLE="text-align: left; border-bottom: #000000 2px solid">&nbsp;</TD><TD STYLE="text-align: left; border-bottom: #000000 2px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 2px solid">
1,608,923</TD>
</TR>
<TR>
	<TD COLSPAN="5">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: Black 1px solid; border-top: rgb(57,76,165) 4pt solid">
<B>Preferred Securities</B></TD>

    <TD STYLE="text-align: left; border-bottom: Black 1px solid; border-top: rgb(57,76,165) 4pt solid">&nbsp;</TD><TD STYLE="text-align: left; border-bottom: Black 1px solid; padding-right: 12pt; border-top: rgb(57,76,165) 4pt solid">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left; border-bottom: Black 1px solid; border-top: rgb(57,76,165) 4pt solid">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
<B>Preferred Stocks &#151; 0.1%</B></TD>

    <TD STYLE="text-align: left; border-bottom: #000000 1px solid">&nbsp;</TD><TD STYLE="text-align: center; border-bottom: #000000 1px solid; padding-right: 12pt">
<B>Shares</B></TD>
	<TD COLSPAN="2" STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Auto Components &#151; 0.1%</FONT></B></TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid">
Dana Holding Corp., 4.00% (a)(c)(e)</TD>

    <TD STYLE="text-align: left; border-bottom: #000000 2px solid">&nbsp;</TD><TD STYLE="text-align: right; border-bottom: #000000 2px solid; padding-right: 12pt">
6,000</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 2px solid">
701,250</TD>
</TR>
<TR>
	<TD COLSPAN="5">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: Black 1px solid; border-top: rgb(57,76,165) 4pt solid">
<B>Trust Preferreds &#151; 0.3%</B></TD>

    <TD STYLE="text-align: left; border-bottom: Black 1px solid; border-top: rgb(57,76,165) 4pt solid">&nbsp;</TD><TD STYLE="text-align: center; border-bottom: Black 1px solid; padding-right: 12pt; border-top: rgb(57,76,165) 4pt solid">
<B>Shares</B></TD>
	<TD COLSPAN="2" STYLE="text-align: left; border-bottom: Black 1px solid; border-top: rgb(57,76,165) 4pt solid">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Diversified Financial Services &#151; 0.3%</FONT></B></TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
GMAC Capital Trust I, Series 2,8.13%, 2/15/40 (b)</TD>

    <TD STYLE="text-align: left; border-bottom: #000000 1px solid">&nbsp;</TD><TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
89,360</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
2,208,335</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
<B>Total Preferred Securities &#151; 0.4%</B></TD>

    <TD STYLE="text-align: left; border-bottom: #000000 1px solid">&nbsp;</TD><TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
2,909,585</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: left;">
See Notes to Financial Statements.</P>
</DIV>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<A name="page_49"></A><BR>

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<DIV align="left">
<TABLE border=0 style="width:100%" cellspacing=0 cellpadding=0 style="font-family: 'Arial';font-size: 10pt;">
<TR valign="bottom">
<TD NOWRAP STYLE="text-align: left; font-size: 14pt; border-top: rgb(57,76,165) 4pt solid">
<FONT color="#0000cc">Consolidated Schedule of Investments (continued)</FONT></TD>
<TD NOWRAP STYLE="border-top: rgb(57,75,165) 4pt solid; text-align: right; vertical-align: bottom; font-size: 8pt; color: #0000cc"><FONT STYLE="font-size: 7pt; color: #0000cc"><B>BlackRock
Limited Duration Income Trust (BLW)</B></FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left>
&nbsp;</TD>
<TD NOWRAP STYLE="text-align: right; vertical-align: bottom; font-size: 8pt; color: #0000cc"><FONT STYLE="font-size: 7pt; color: #0000cc"><B>(Percentages
shown are based on Net Assets)</B></FONT></TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<DIV align="left">
<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial">
<TR valign="bottom">
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: center; padding-right: 12pt">
<B>Par</B></TD>
	<TD COLSPAN="2" STYLE="text-align: left; padding-right: 4">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 0pt">
<B>Taxable Municipal Bonds</B></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid; padding-right: 12pt">
<B>(000)</B></TD>
	<TD COLSPAN="2" STYLE="border-bottom: #000000 1px solid; text-align: center; padding-right: 4">
<B>Value</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
State of California, GO:</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left; padding-right: 4">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
5.65%, 4/01/39 (b)</TD>
	<TD STYLE="text-align: left">
USD</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
455</TD>
 <TD STYLE="text-align: left; padding-right: 4; vertical-align: bottom">&#36;</TD>
 <TD STYLE="text-align: right; padding-right: 4"> 468,577</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
5.25%, 4/01/14</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,075</TD>
	<TD COLSPAN="2" STYLE="text-align: right; padding-right: 4">
1,148,691</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
State of California, GO, Various Purpose 3,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left; padding-right: 4">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Mandatory Put Bond, 5.10%, 8/01/14</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
1,350</TD>
	<TD COLSPAN="2" STYLE="text-align: right; padding-right: 4">
1,394,402</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
State of Illinois, GO, 3.32%, 1/01/13</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
5,075</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 4">
5,119,000</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid">
<B>Total Taxable Municipal Bonds &#151; 1.3%</B></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 2px solid; padding-right: 4">
8,130,670</TD>
</TR>
<TR>
	<TD COLSPAN="6">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: Black 1px solid; text-indent: 0pt; border-top: rgb(57,76,165) 4pt solid">
<B>US Government Sponsored Agency Securities</B></TD>
	<TD STYLE="text-align: left; border-bottom: Black 1px solid; border-top: rgb(57,76,165) 4pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: Black 1px solid; padding-right: 12pt; border-top: rgb(57,76,165) 4pt solid">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left; border-bottom: Black 1px solid; padding-right: 4; border-top: rgb(57,76,165) 4pt solid">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt">
<B><FONT color="#0000cc">Collateralized Mortgage Obligations &#151; 0.6%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left; padding-right: 4">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt">
Freddie Mac Mortgage-Backed Securities,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left; padding-right: 4">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 5.98pt">
Series 3986, Class M, 4.50%, 9/15/41</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
3,218</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 4">
3,505,212</TD>
</TR>
<TR valign="bottom">
	<TD COLSPAN="2" STYLE="text-align: left; text-indent: 0pt">
<B><FONT color="#0000cc">Interest Only Collateralized Mortgage Obligations &#151; 1.6%</FONT></B></TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left; padding-right: 4">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt">
Fannie Mae Mortgage-Backed Securities:</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left; padding-right: 4">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Series 2010-126, Class UI,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left; padding-right: 4">
&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD STYLE="text-align: left; text-indent: 18.97pt">
5.50%, 10/25/40</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
12,000</TD>
	<TD COLSPAN="2" STYLE="text-align: right; padding-right: 4">
1,915,949</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Series 2012-M9, Class X1,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left; padding-right: 4">
&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD STYLE="text-align: left; text-indent: 18.97pt">
4.25%, 12/25/17 (b)</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
21,190</TD>
	<TD COLSPAN="2" STYLE="text-align: right; padding-right: 4">
3,747,685</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
Series K707, Class X1,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left; padding-right: 4">
&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD STYLE="text-align: left; text-indent: 18.97pt">
1.70%, 12/25/18 (b)</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
43,319</TD>
	<TD COLSPAN="2" STYLE="text-align: right; padding-right: 4">
3,541,671</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt">
Freddie Mac Mortgage-Backed Securities,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left; padding-right: 4">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Series K710, Class X1,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left; padding-right: 4">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
1.92%, 5/25/19 (b)</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
13,436</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 4">
1,304,695</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 4">
10,510,000</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt">
<B><FONT color="#0000cc">Mortgage-Backed Securities &#151; 6.8%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left; padding-right: 4">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt">
Fannie Mae Mortgage-Backed Securities (d):</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left; padding-right: 4">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
5.00%, 7/01/20&#150;8/01/23</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
12,321</TD>
	<TD COLSPAN="2" STYLE="text-align: right; padding-right: 4">
13,421,539</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 11.97pt">
3.50%, 8/01/26</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
11,942</TD>
	<TD COLSPAN="2" STYLE="text-align: right; padding-right: 4">
12,886,005</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt">
Freddie Mac Mortgage-Backed Securities,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left; padding-right: 4">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
4.50%, 4/01/25 (d)</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
15,787</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 4">
17,324,832</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 4">
43,632,376</TD>
</TR>
<TR valign="bottom">
	<TD COLSPAN="2" STYLE="text-align: left; border-bottom: #000000 2px solid; text-indent: 0pt">
<B>Total US Government Sponsored Agency Securities &#151; 9.0%</B></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 2px solid; padding-right: 4">
57,647,588</TD>
</TR>
<TR>
	<TD COLSPAN="6">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: Black 1px solid; text-indent: 0pt; border-top: rgb(57,76,165) 4pt solid">
<B>US Treasury Obligations</B></TD>
	<TD STYLE="text-align: left; border-bottom: Black 1px solid; border-top: rgb(57,76,165) 4pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: Black 1px solid; padding-right: 12pt; border-top: rgb(57,76,165) 4pt solid">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left; border-bottom: Black 1px solid; padding-right: 4; border-top: rgb(57,76,165) 4pt solid">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt">
<B><FONT color="#0000cc">US Treasury Obligations &#151; 0.3%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left; padding-right: 4">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 0pt">
US Treasury Note, 0.38%, 4/15/15 (d)</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
1,745</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 4">
1,749,907</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid; text-indent: 0pt">
<B>Total US Treasury Obligations &#151; 0.3%</B></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 2px solid; padding-right: 4">
1,749,907</TD>
</TR>
<TR>
	<TD COLSPAN="6">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: Black 1px solid; text-indent: 0pt; border-top: rgb(57,76,165) 4pt solid">
<B>Warrants (k)</B></TD>
	<TD STYLE="text-align: left; border-bottom: Black 1px solid; border-top: rgb(57,76,165) 4pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: center; border-bottom: Black 1px solid; padding-right: 12pt; border-top: rgb(57,76,165) 4pt solid">
<B>Shares</B></TD>
	<TD COLSPAN="2" STYLE="text-align: left; border-bottom: Black 1px solid; padding-right: 4; border-top: rgb(57,76,165) 4pt solid">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt">
<B><FONT color="#0000cc">Software &#151; 0.0%</FONT></B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left; padding-right: 4">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt">
Bankruptcy Management Solutions, Inc.,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left; padding-right: 4">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Expires 9/28/17</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; padding-right: 12pt">
435</TD>
	<TD COLSPAN="2" STYLE="text-align: right; padding-right: 4">
&#151;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt">
HMH Holdings/EduMedia (Issued/Exercisable</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left; padding-right: 4">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
3/09/10, 19 Shares for 1 Warrant, Expires</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left; padding-right: 4">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 5.98pt">
6/22/19, Strike Price &#36;42.27)</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
3,100</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 4">
&#151;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 0pt">
<B>Total Warrants &#151; 0.0%</B></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
&#151;</TD>
	<TD COLSPAN="2" STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 4">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt">
<B>Total Long-Term Investments</B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left; padding-right: 4">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid; text-indent: 0pt">
<B>(Cost &#151; &#36;931,118,842) &#151; 146.2%</B></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 2px solid; padding-right: 4">
939,295,937</TD>
</TR>
<TR>
	<TD COLSPAN="6">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: Black 1px solid; text-indent: 0pt; border-top: rgb(57,76,165) 4pt solid">
<B>Short-Term Securities</B></TD>
	<TD STYLE="text-align: left; border-bottom: Black 1px solid; border-top: rgb(57,76,165) 4pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: Black 1px solid; padding-right: 12pt; border-top: rgb(57,76,165) 4pt solid">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left; border-bottom: Black 1px solid; padding-right: 4; border-top: rgb(57,76,165) 4pt solid">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt">
BlackRock Liquidity Funds, TempFund,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left; padding-right: 4">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 5.98pt">
Institutional Class, 0.15% (l)(m)</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 2.85pt">&nbsp;</TD>
 <TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">2,323,267</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 4">
2,323,267</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt">
<B>Total Short-Term Securities</B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left; padding-right: 4">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 0pt">
<B>(Cost &#151; &#36;2,323,267) &#151; 0.4%</B></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 4">
2,323,267</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<DIV align="left">
<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial">
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
<B>Options Purchased</B></TD>

    <TD STYLE="text-align: left; border-bottom: #000000 1px solid">&nbsp;</TD><TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
<B>Contracts</B></TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-bottom: #000000 1px solid; padding-right: 4">
<B>Value</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Over-the-Counter Call Options &#151; 0.0%</FONT></B></TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left; padding-right: 4">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Marsico Parent Superholdco LLC, Strike Price</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left; padding-right: 4">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
USD 942.86, Expires 12/14/19, Broker</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left; padding-right: 4">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 5.98pt">
Goldman Sachs Group, Inc.</TD>

    <TD STYLE="text-align: left; border-bottom: #000000 1px solid">&nbsp;</TD><TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
46</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 4">
&#151;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Over-the-Counter Put Options &#151; 0.0%</FONT></B></TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left; padding-right: 4">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
S&amp;P 500 Index, Strike Price USD 1,375.00,</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left; padding-right: 4">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 5.98pt">
Expires 10/19/12, Broker Deutsche Bank AG</TD>

    <TD STYLE="text-align: left; border-bottom: #000000 1px solid">&nbsp;</TD><TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
14,000</TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; padding-right: 4; vertical-align: bottom">&#36; </TD>
 <TD STYLE="border-bottom: #000000 1px solid; text-align: right; padding-right: 4">316,881</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B>Total Options Purchased</B></TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left; padding-right: 4">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
<B>(Cost &#151; &#36;362,978) &#151; 0.0%</B></TD>

    <TD STYLE="text-align: left; border-bottom: #000000 1px solid">&nbsp;</TD><TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 4">
316,881</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B>Total Investments Before Options Written</B></TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left; padding-right: 4">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid">
<B>(Cost &#151; &#36;933,805,087) &#151; 146.6%</B></TD>

    <TD STYLE="text-align: left; border-bottom: #000000 2px solid">&nbsp;</TD><TD STYLE="text-align: left; border-bottom: #000000 2px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 2px solid; padding-right: 4">
941,936,085</TD>
</TR>
<TR>
	<TD COLSPAN="5">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: Black 1px solid; border-top: rgb(57,76,165) 4pt solid">
<B>Options Written</B></TD>

    <TD STYLE="text-align: left; border-bottom: Black 1px solid; border-top: rgb(57,76,165) 4pt solid">&nbsp;</TD><TD STYLE="text-align: left; border-bottom: Black 1px solid; padding-right: 12pt; border-top: rgb(57,76,165) 4pt solid">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left; border-bottom: Black 1px solid; padding-right: 4; border-top: rgb(57,76,165) 4pt solid">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B><FONT color="#0000cc">Over-the-Counter Put Options &#151; (0.0)%</FONT></B></TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left; padding-right: 4">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
S&amp;P 500 Index, Strike Price USD 1,325.00,</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left; padding-right: 4">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 5.98pt">
Expires 10/19/12, Broker Deutsche Bank AG</TD>

    <TD STYLE="text-align: left; border-bottom: #000000 1px solid">&nbsp;</TD><TD STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 12pt">
6,000</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 0">
(72,378)</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B>Total Options Written</B></TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left; padding-right: 4">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
<B>(Premiums Received &#151; &#36;75,600) &#151; (0.0)%</B></TD>

    <TD STYLE="text-align: left; border-bottom: #000000 1px solid">&nbsp;</TD><TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 0">
(72,378)</TD>
</TR>
<TR valign="bottom">
	<TD COLSPAN="3" STYLE="text-align: left">
<B>Total Investments, Net of Outstanding Options Written &#151; 146.6%</B></TD>
	<TD COLSPAN="2" STYLE="text-align: right; padding-right: 4">
941,863,707</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B>Liabilities in Excess of Other Assets &#151; (46.6)%</B></TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; padding-right: 12pt">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid; padding-right: 0">
(299,472,425)</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; width: 56%">
<B>Net Assets &#151; 100.0%</B></TD>

    <TD STYLE="width: 8%">&nbsp;</TD><TD STYLE="text-align: left; padding-right: 12pt; width: 16%">
&nbsp;</TD>
	<TD STYLE="text-align: left; width: 8%; border-bottom: Black 2px solid; padding-right: 4; vertical-align: bottom">&#36; </TD>
 <TD STYLE="text-align: right; width: 10%; border-bottom: Black 2px solid; padding-right: 4">642,391,282</TD>
</TR>
<TR STYLE="vertical-align: bottom">
        <TD STYLE="text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="text-align: left; padding-right: 12pt; border-bottom: Black 1pt solid">&nbsp;</TD>
        <TD STYLE="text-align: left; border-bottom: Black 1pt solid; padding-right: 4; vertical-align: bottom">&nbsp;</TD>
 <TD STYLE="text-align: right; border-bottom: Black 1pt solid; padding-right: 4">&nbsp;</TD></TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 20pt; text-align: left">(a)</TD><TD>Security exempt from registration pursuant to Rule 144A under
the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional
investors.</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 20pt; text-align: left">(b)</TD><TD>Variable rate security. Rate shown is as of report date.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 20pt; text-align: left">(c)</TD><TD>Non-income producing security.</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 20pt; text-align: left">(d)</TD><TD>All or a portion of security has been pledged as collateral
in connection with open reverse repurchase agreements.</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 20pt; text-align: left">(e)</TD><TD>Convertible security.</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 20pt; text-align: left">(f)</TD><TD>Represents a zero-coupon bond. Rate shown reflects the current
yield as of report date.</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 20pt; text-align: left">(g)</TD><TD>Represents a payment-in-kind security which may pay interest/dividends
in additional par/shares.</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 20pt; text-align: left">(h)</TD><TD>When-issued security. Unsettled when-issued transactions
were as follows:</TD>
</TR></TABLE>
<DIV align="left">
<TABLE border=0 style="width:100%" cellspacing=0 cellpadding=0 style="font-family: 'Arial';font-size: 10pt;">
<TR valign="bottom">
	<TD STYLE="text-align: left; border-top: Black 1pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; width: 33%; border-top: Black 1pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: center; width: 25%; border-top: Black 1pt solid">
<B>Unrealized</B></TD>
</TR>
<TR valign="bottom">
	<TD align=left width=41% style="border-bottom:1px solid #000000;">
<B>Counterparty</B></TD>
	<TD align=center width=33% style="border-bottom:1px solid #000000;">
<B>Value</B></TD>
	<TD align=center width=25% style="border-bottom:1px solid #000000;">
<B>Appreciation</B></TD>
</TR>
<TR valign="bottom">
	<TD align=left width=41% style="border-bottom:1px solid #000000;">
Goldman Sachs Group, Inc.</TD>
	<TD align=center width=33% style="border-bottom:1px solid #000000;">
&#36;1,041,862</TD>
	<TD align=center width=25% style="border-bottom:1px solid #000000;">
&#36;12,863</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 20pt; text-align: left">(i)</TD><TD>Issuer filed for bankruptcy and/or is in default of principal
and/or interest payments.</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 20pt; text-align: left">(j)</TD><TD>Other interests represent beneficial interests in liquidation
trusts and other reorganization or private entities.</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 20pt; text-align: left">(k)</TD><TD>Warrants entitle the Fund to purchase a predetermined number
of shares of common stock and are non-income producing. The purchase price and number of shares are subject to adjustment under
certain conditions until the expiration date, if any.</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 20pt; text-align: left">(l)</TD><TD>Investments in issuers considered to be an affiliate of the
Fund during the year ended August 31, 2012, for purposes of Section 2(a)(3) of the 1940 Act, were as follows:</TD>
</TR></TABLE>
<DIV align="left">
<TABLE border=0 style="width:100%" cellspacing=0 cellpadding=0 style="font-family: 'Arial';font-size: 10pt;">
<TR valign="bottom">
	<TD STYLE="text-align: left; width: 28%; border-top: Black 1pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: center; width: 18%; border-top: Black 1pt solid">
<B>Shares</B></TD>
	<TD STYLE="text-align: left; width: 20%; border-top: Black 1pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: center; width: 18%; border-top: Black 1pt solid">
<B>Shares</B></TD>
	<TD STYLE="text-align: left; width: 13%; border-top: Black 1pt solid">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=28%>
&nbsp;</TD>
	<TD align=center width=18%>
<B>Held at</B></TD>
	<TD align=left width=20%>
&nbsp;</TD>
	<TD align=center width=18%>
<B>Held at</B></TD>
	<TD align=left width=13%>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=28%>
&nbsp;</TD>
	<TD align=center width=18%>
<B>August 31,</B></TD>
	<TD align=center width=20%>
<B>Net</B></TD>
	<TD align=center width=18%>
<B>August 31,</B></TD>
	<TD align=left width=13%>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=28% style="border-bottom:1px solid #000000;">
<B>Affiliate</B></TD>
	<TD align=center width=18% style="border-bottom:1px solid #000000;">
<B>2011</B></TD>
	<TD align=center width=20% style="border-bottom:1px solid #000000;">
<B>Activity</B></TD>
	<TD align=center width=18% style="border-bottom:1px solid #000000;"><B>2012</B></TD>
	<TD WIDTH="13%" STYLE="text-align: center; border-bottom: #000000 1px solid; text-indent: 0.01pt; vertical-align: bottom"><B>Income</B></TD>
</TR>
<TR valign="bottom">
	<TD align=left width=28%>
BlackRock Liquidity</TD>
	<TD align=left width=18%>
&nbsp;</TD>
	<TD align=left width=20%>
&nbsp;</TD>
	<TD align=left width=18%>
&nbsp;</TD>
	<TD align=left width=13%>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=28% style="TEXT-INDENT:5.986786pt">
Funds, Temp Fund,</TD>
	<TD align=left width=18%>
&nbsp;</TD>
	<TD align=left width=20%>
&nbsp;</TD>
	<TD align=left width=18%>
&nbsp;</TD>
	<TD align=left width=13%>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=28% style="border-bottom:1px solid #000000;" style="TEXT-INDENT:5.986786pt">
Institutional Class</TD>
	<TD align=center width=18% style="border-bottom:1px solid #000000;">
5,229,778</TD>
	<TD align=center width=20% style="border-bottom:1px solid #000000;">
(2,906,511)</TD>
	<TD align=center width=18% style="border-bottom:1px solid #000000;">
2,323,267</TD>
	<TD WIDTH="13%" STYLE="text-align: center; border-bottom: #000000 1px solid; vertical-align: bottom">
&#36;4,038</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 20pt; text-align: left">(m)</TD><TD>Represents the current yield as of report date.</TD>
</TR></TABLE>
<P style="text-align: left;">
See Notes to Financial Statements.</P>
</DIV>

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    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; padding-top: 6pt; padding-bottom: 12pt; border-top: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 9pt Arial, Helvetica, Sans-Serif"><TR><TD STYLE="text-align: left; width: 33%">AUGUST 31, 2012</TD><TD STYLE="text-align: center; width: 34%">ANNUAL REPORT</TD><TD STYLE="text-align: right; width: 33%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->49<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->




<A name="page_50"></A><BR>

<a name="_bclPageBorder50"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<DIV align="left">
<TABLE border=0 style="width:100%" cellspacing=0 cellpadding=0 style="font-family: 'Arial';font-size: 10pt;">
<TR valign="bottom">
<TD NOWRAP STYLE="text-align: left; font-size: 14pt; border-top: rgb(57,76,165) 4pt solid">
<FONT color="#0000cc">Consolidated Schedule of Investments (continued)</FONT></TD>
<TD NOWRAP STYLE="border-top: rgb(57,75,165) 4pt solid; text-align: right; vertical-align: bottom; font-size: 8pt; color: #0000cc"><FONT STYLE="font-size: 7pt; color: #0000cc"><B>BlackRock
Limited Duration Income Trust (BLW)</B></FONT></TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: left;">
&#149; Reverse repurchase agreements outstanding as of August 31, 2012 were as follows:</P>
<DIV align="left">
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; border-top: Black 1pt solid">&nbsp;</TD><TD STYLE="border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-top: Black 1pt solid">&nbsp;</TD><TD STYLE="border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-top: Black 1pt solid; vertical-align: bottom">&nbsp;</TD><TD STYLE="border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-top: Black 1pt solid; vertical-align: bottom">&nbsp;</TD><TD STYLE="border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: left; border-top: Black 1pt solid">&nbsp;</TD><TD STYLE="font-weight: bold; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-top: Black 1pt solid">Face Value</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">Including</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">Interest</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; vertical-align: bottom">Trade</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; vertical-align: bottom">Maturity</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">Accrued</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; border-bottom: Black 1pt solid">Counterparty</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Rate</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; vertical-align: bottom">Date</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; vertical-align: bottom">Date</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: left; border-bottom: Black 1pt solid">Face Value</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Interest</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">UBS</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Securities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 35%; text-align: left; text-indent: 6.51pt">LLC</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 9%; text-align: right">(1.25</TD><TD STYLE="width: 1%; text-align: left">)%</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="width: 9%; text-align: center; vertical-align: bottom">3/07/12</TD><TD STYLE="width: 1%; text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="width: 9%; text-align: center; vertical-align: bottom">Open</TD><TD STYLE="width: 1%; text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 9%; text-align: right">1,243,313</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 9%; text-align: right">1,235,628</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">Barclays</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Capital,</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Inc.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.60</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">3/30/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,368,400</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,371,935</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">Barclays</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Capital,</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Inc.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.40</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">4/03/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">6,117,520</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">6,127,783</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">Barclays</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Capital,</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Inc.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.60</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">4/03/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,308,826</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,317,153</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">Credit Suisse</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Securities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">(USA) LLC</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.38</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">4/03/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,812,500</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,816,983</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">Credit Suisse</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Securities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">(USA) LLC</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.65</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">4/03/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">7,115,345</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">7,134,742</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">Barclays</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Capital,</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Inc.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.60</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">4/04/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">730,235</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">732,061</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">UBS</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Securities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">LLC</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.60</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">4/05/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,781,685</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,793,560</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">Barclays</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Capital,</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Inc.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.35</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">4/09/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,569,655</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,574,687</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">Credit Suisse</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Securities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">(USA) LLC</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.65</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">4/09/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">200,750</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">201,276</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">UBS</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Securities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">LLC</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.35</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">4/12/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,541,363</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,546,252</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">Barclays</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Capital,</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Inc.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(0.50</TD><TD STYLE="text-align: left">)%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">4/13/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">922,569</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">920,762</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">UBS</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Securities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">LLC</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.10</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">4/16/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">443,700</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">443,870</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">UBS</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Securities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">LLC</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.25</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">4/17/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,031,063</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,032,043</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">Barclays</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Capital,</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Inc.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.40</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">4/18/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">14,976,893</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">14,999,525</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">BNP Paribas</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Securities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Corp.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.37</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">4/18/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">804,500</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">805,625</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">Credit Suisse</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Securities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">(USA) LLC</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.35</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">4/18/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,144,625</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,147,461</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">Credit Suisse</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Securities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">(USA) LLC</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.65</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">4/18/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,085,060</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,092,636</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">Credit Suisse</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Securities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">(USA) LLC</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.70</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">4/18/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">614,625</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">616,250</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">UBS</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Securities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">LLC</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.60</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">4/19/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,636,700</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,642,633</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">Barclays</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Capital,</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Inc.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.60</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">4/23/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,081,088</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,083,448</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>

</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: left;">
Reverse repurchase agreements outstanding as of August 31, 2012 were as follows (continued):</P>
<DIV align="left">
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; border-top: Black 1pt solid; vertical-align: bottom">&nbsp;</TD><TD STYLE="border-top: Black 1pt solid; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-top: Black 1pt solid; vertical-align: bottom">&nbsp;</TD><TD STYLE="border-top: Black 1pt solid; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-top: Black 1pt solid; vertical-align: bottom">&nbsp;</TD><TD STYLE="border-top: Black 1pt solid; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-top: Black 1pt solid; vertical-align: bottom">&nbsp;</TD><TD STYLE="border-top: Black 1pt solid; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-top: Black 1pt solid; vertical-align: bottom">&nbsp;</TD><TD STYLE="font-weight: bold; border-top: Black 1pt solid; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-top: Black 1pt solid; vertical-align: bottom">Face Value</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; vertical-align: bottom">Including</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; vertical-align: bottom">Interest</TD><TD STYLE="font-weight: bold; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; vertical-align: bottom">Trade</TD><TD STYLE="font-weight: bold; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; vertical-align: bottom">Maturity</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; vertical-align: bottom">Accrued</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; border-bottom: Black 1pt solid; vertical-align: bottom">Counterparty</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; vertical-align: bottom">Rate</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; vertical-align: bottom">Date</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; vertical-align: bottom">Date</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; vertical-align: bottom">Face Value</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; vertical-align: bottom">Interest</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">UBS</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Securities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 35%; text-align: left; text-indent: 6.51pt">LLC</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 9%; text-align: right">0.65</TD><TD STYLE="width: 1%; text-align: left">%</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="width: 9%; text-align: center; vertical-align: bottom">4/23/12</TD><TD STYLE="width: 1%; text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="width: 9%; text-align: center; vertical-align: bottom">Open</TD><TD STYLE="width: 1%; text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 9%; text-align: right">1,067,850</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 9%; text-align: right">1,070,376</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">UBS</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Securities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">LLC</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.54</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">4/24/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">249,340</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">249,826</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">Barclays</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Capital,</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Inc.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.60</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">4/30/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5,397,431</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5,408,586</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">Deutsche</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Bank</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Securities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Inc.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.50</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">4/30/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,416,620</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,419,060</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">UBS</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Securities,</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">LLC</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.55</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">4/30/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,556,650</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,559,599</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">Barclays</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Capital,</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Inc.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.60</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">5/02/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">346,222</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">346,926</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">Barclays</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Capital,</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Inc.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.65</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">5/02/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">7,876,787</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">7,894,137</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">Barclays</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Capital,</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Inc.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.00</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">5/03/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">340,706</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">340,706</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">Barclays</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Capital,</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Inc.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.60</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">5/03/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">673,035</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">674,393</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">UBS</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Securities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">LLC</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.34</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">5/03/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,198,769</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,202,424</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">Barclays</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Capital,</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Inc.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.40</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">5/07/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,403,144</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,406,268</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">Barclays</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Capital,</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Inc.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.60</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">5/07/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">425,914</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">426,744</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">Barclays</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Capital,</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Inc.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.65</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">5/07/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">12,103,786</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">12,129,355</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">Credit Suisse</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Securities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">(USA) LLC</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.35</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">5/07/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5,682,044</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5,688,508</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">Credit Suisse</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Securities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">(USA) LLC</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.38</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">5/07/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,196,656</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,198,134</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">Credit Suisse</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Securities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">(USA) LLC</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.65</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">5/07/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,585,356</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,588,705</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">UBS</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Securities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">LLC</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.00</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">5/07/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">503,750</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">503,750</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">UBS</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Securities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">LLC</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.40</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">5/07/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,175,513</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,177,041</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">Barclays</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Capital,</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Inc.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.60</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">5/08/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,914,624</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,918,325</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">Credit Suisse</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Securities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">(USA) LLC</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.35</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">5/08/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,399,630</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,403,464</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">Credit Suisse</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Securities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">(USA) LLC</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.38</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">5/08/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,277,250</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,278,814</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>

</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: left;">
See Notes to Financial Statements.</P>
</DIV>

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<DIV align="left">
<TABLE border=0 style="width:100%" cellspacing=0 cellpadding=0 style="font-family: 'Arial';font-size: 10pt;">
<TR valign="bottom">
<TD NOWRAP STYLE="text-align: left; font-size: 14pt; border-top: rgb(57,76,165) 4pt solid">
<FONT color="#0000cc">Consolidated Schedule of Investments (continued)</FONT></TD>
<TD NOWRAP STYLE="border-top: rgb(57,75,165) 4pt solid; text-align: right; vertical-align: bottom; font-size: 8pt; color: #0000cc"><FONT STYLE="font-size: 7pt; color: #0000cc"><B>BlackRock
Limited Duration Income Trust (BLW)</B></FONT></TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: left;">
Reverse repurchase agreements outstanding as of August 31, 2012 were as follows (continued):</P>
<DIV align="left">
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; border-top: Black 1pt solid; vertical-align: bottom">&nbsp;</TD><TD STYLE="border-top: Black 1pt solid; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-top: Black 1pt solid; vertical-align: bottom">&nbsp;</TD><TD STYLE="border-top: Black 1pt solid; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-top: Black 1pt solid; vertical-align: bottom">&nbsp;</TD><TD STYLE="border-top: Black 1pt solid; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-top: Black 1pt solid; vertical-align: bottom">&nbsp;</TD><TD STYLE="border-top: Black 1pt solid; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-top: Black 1pt solid; vertical-align: bottom">&nbsp;</TD><TD STYLE="font-weight: bold; border-top: Black 1pt solid; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-top: Black 1pt solid; vertical-align: bottom">Face Value</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; vertical-align: bottom">Including</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; vertical-align: bottom">Interest</TD><TD STYLE="font-weight: bold; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; vertical-align: bottom">Trade</TD><TD STYLE="font-weight: bold; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; vertical-align: bottom">Maturity</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; vertical-align: bottom">Accrued</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; border-bottom: Black 1pt solid; vertical-align: bottom">Counterparty</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; vertical-align: bottom">Rate</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; vertical-align: bottom">Date</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; vertical-align: bottom">Date</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; vertical-align: bottom">Face Value</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; vertical-align: bottom">Interest</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">Credit Suisse</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Securities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 35%; text-align: left; text-indent: 6.51pt">(USA) LLC</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 9%; text-align: right">0.65</TD><TD STYLE="width: 1%; text-align: left">%</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="width: 9%; text-align: center; vertical-align: bottom">5/08/12</TD><TD STYLE="width: 1%; text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="width: 9%; text-align: center; vertical-align: bottom">Open</TD><TD STYLE="width: 1%; text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 9%; text-align: right">4,886,525</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 9%; text-align: right">4,896,760</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">Credit Suisse</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Securities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">(USA) LLC</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.65</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">5/10/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,154,554</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,156,930</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">UBS</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Securities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">LLC</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.00</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">5/10/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">459,375</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">459,375</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">UBS</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Securities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">LLC</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.55</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">5/10/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,979,465</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,984,654</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">Credit Suisse</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Securities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">(USA) LLC</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.35</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">5/11/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,119,100</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,122,557</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">Credit Suisse</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Securities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">(USA) LLC</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.35</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">5/14/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,034,800</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,035,907</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">UBS</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Securities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">LLC</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.65</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">5/14/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">789,074</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">790,641</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">Barclays</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Capital,</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Inc.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.55</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">5/18/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,768,145</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,771,008</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">Credit Suisse</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Securities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">(USA) LLC</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.35</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">5/18/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">425,825</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">426,264</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">Barclays</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Capital,</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Inc.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.60</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">5/23/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,071,446</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,073,250</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">Credit Suisse</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Securities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">(USA) LLC</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.60</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">5/23/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">386,750</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">387,401</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">Deutsche</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Bank</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Securities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Inc.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.23</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">5/31/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,747,181</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,748,219</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">Barclays</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Capital,</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Inc.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.35</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">6/05/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,155,100</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,157,799</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">Barclays</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Capital,</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Inc.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.55</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">6/05/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,220,714</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,225,044</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">Barclays</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Capital,</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Inc.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.60</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">6/05/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">557,356</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">558,174</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">Credit Suisse</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Securities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">(USA) LLC</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.65</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">6/05/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,614,980</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,619,137</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">UBS</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Securities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">LLC</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.45</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">6/05/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">748,125</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">748,948</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">UBS</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Securities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">LLC</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.54</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">6/05/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">726,512</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">727,471</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">UBS</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Securities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">LLC</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.65</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">6/05/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,908,125</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,911,157</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">UBS</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Securities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">LLC.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.55</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">6/05/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,565,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,569,793</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">UBS</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Securities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">LLC.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.60</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">6/05/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,578,500</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,583,748</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>

</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: left;">
Reverse repurchase agreements outstanding as of August 31, 2012 were as follows (continued):</P>
<DIV align="left">
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; border-top: Black 1pt solid">&nbsp;</TD><TD STYLE="border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: left; border-top: Black 1pt solid">&nbsp;</TD><TD STYLE="border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; vertical-align: bottom; border-top: Black 1pt solid">&nbsp;</TD><TD STYLE="border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; vertical-align: bottom; border-top: Black 1pt solid">&nbsp;</TD><TD STYLE="border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: left; border-top: Black 1pt solid">&nbsp;</TD><TD STYLE="font-weight: bold; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; vertical-align: bottom; border-top: Black 1pt solid">Face Value</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; vertical-align: bottom">Including</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; vertical-align: bottom">Interest</TD><TD STYLE="font-weight: bold; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; vertical-align: bottom">Trade</TD><TD STYLE="font-weight: bold; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; vertical-align: bottom">Maturity</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; vertical-align: bottom">Accrued</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; border-bottom: Black 1pt solid; vertical-align: bottom">Counterparty</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; vertical-align: bottom">Rate</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; vertical-align: bottom">Date</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; vertical-align: bottom">Date</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; vertical-align: bottom">Face Value</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; vertical-align: bottom">Interest</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">UBS</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Securities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 35%; text-align: left; text-indent: 6.51pt">LLC.</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 9%; text-align: right">0.65</TD><TD STYLE="width: 1%; text-align: left">%</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="width: 9%; text-align: center; vertical-align: bottom">6/05/12</TD><TD STYLE="width: 1%; text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="width: 9%; text-align: center; vertical-align: bottom">Open</TD><TD STYLE="width: 1%; text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 9%; text-align: right">3,376,663</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 9%; text-align: right">3,382,028</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">Credit Suisse</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Securities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">(USA) LLC</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.65</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">6/07/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">469,219</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">469,947</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">Deutsche</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Bank</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Securities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Inc.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1.50</TD><TD STYLE="text-align: left">)%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">6/07/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">384,362</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">382,985</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">UBS</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Securities,</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">LLC</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.65</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">6/07/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,748,812</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,751,528</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">Deutsche</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Bank</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Securities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Inc.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1.50</TD><TD STYLE="text-align: left">)%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">6/11/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">517,450</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">515,682</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">UBS</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Securities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">LLC</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.65</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">6/13/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">310,912</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">311,362</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">Barclays</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Capital,</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Inc.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(0.50</TD><TD STYLE="text-align: left">)%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">6/22/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">413,250</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">412,842</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">Barclays</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Capital,</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Inc.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.60</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">6/26/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,347,675</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,349,180</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">Barclays</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Capital,</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Inc.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.35</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">6/28/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,109,750</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,110,451</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">Barclays</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Capital,</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Inc.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.60</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">6/28/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,540,425</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,542,094</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">Barclays</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Capital,</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Inc.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.60</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">6/29/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,089,118</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,091,347</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">Barclays</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Capital,</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Inc.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.65</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">6/29/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,131,975</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,134,439</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">Deutsche</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Bank</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Securities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Inc.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(2.00</TD><TD STYLE="text-align: left">)%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">7/02/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,130,888</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,123,666</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">Barclays</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Capital,</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Inc.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.60</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">7/05/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,997,161</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,999,092</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">Barclays</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Capital,</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Inc.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.60</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">7/10/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">505,224</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">505,670</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">Barclays</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Capital,</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Inc.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.60</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">7/12/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">359,775</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">360,081</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">UBS</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Securities,</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">LLC</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.65</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">7/16/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">334,400</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">334,684</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">Deutsche</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Bank</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Securities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Inc.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(0.50</TD><TD STYLE="text-align: left">)%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">7/19/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,154,215</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,153,510</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">Barclays</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Capital,</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Inc.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.60</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">7/20/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,217,661</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,219,250</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">Credit Suisse</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Securities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">(USA) LLC</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.35</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">7/23/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,764,037</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,764,724</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>

</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: left;">
See Notes to Financial Statements.</P>
</DIV>

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    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; padding-top: 6pt; padding-bottom: 12pt; border-top: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 9pt Arial, Helvetica, Sans-Serif"><TR><TD STYLE="text-align: left; width: 33%">AUGUST 31, 2012</TD><TD STYLE="text-align: center; width: 34%">ANNUAL REPORT</TD><TD STYLE="text-align: right; width: 33%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->51<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
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<DIV align="left">
<TABLE border=0 style="width:100%" cellspacing=0 cellpadding=0 style="font-family: 'Arial';font-size: 10pt;">
<TR valign="bottom">
<TD NOWRAP STYLE="text-align: left; font-size: 14pt; border-top: rgb(57,76,165) 4pt solid">
<FONT color="#0000cc">Consolidated Schedule of Investments (continued)</FONT></TD>
<TD NOWRAP STYLE="border-top: rgb(57,75,165) 4pt solid; text-align: right; vertical-align: bottom; font-size: 8pt; color: #0000cc"><FONT STYLE="font-size: 7pt; color: #0000cc"><B>BlackRock
Limited Duration Income Trust (BLW)</B></FONT></TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: left;">
Reverse repurchase agreements outstanding as of August 31, 2012 were as follows (continued):</P>
<DIV align="left">
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; vertical-align: bottom; border-top: Black 1pt solid">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; vertical-align: bottom; border-top: Black 1pt solid">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; vertical-align: bottom; border-top: Black 1pt solid">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; vertical-align: bottom; border-top: Black 1pt solid">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; vertical-align: bottom; border-top: Black 1pt solid">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: center; vertical-align: bottom; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; vertical-align: bottom; border-top: Black 1pt solid">Face Value</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; vertical-align: bottom">Including</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; vertical-align: bottom">Interest</TD><TD STYLE="font-weight: bold; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; vertical-align: bottom">Trade</TD><TD STYLE="font-weight: bold; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; vertical-align: bottom">Maturity</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; vertical-align: bottom">Accrued</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; border-bottom: Black 1pt solid; vertical-align: bottom">Counterparty</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; vertical-align: bottom">Rate</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; vertical-align: bottom">Date</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; vertical-align: bottom">Date</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; vertical-align: bottom">Face Value</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; vertical-align: bottom">Interest</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">Credit Suisse</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Securities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 35%; text-align: left; text-indent: 6.51pt">(USA) LLC</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 9%; text-align: right">0.38</TD><TD STYLE="width: 1%; text-align: left">%</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="width: 9%; text-align: center; vertical-align: bottom">7/25/12</TD><TD STYLE="width: 1%; text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="width: 9%; text-align: center; vertical-align: bottom">Open</TD><TD STYLE="width: 1%; text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 9%; text-align: right">6,172,500</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 9%; text-align: right">6,174,976</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">Credit Suisse</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Securities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">(USA) LLC</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.65</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">7/26/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,793,026</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,794,891</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">Deutsche</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Bank</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Securities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Inc.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.60</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">7/26/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,863,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,864,149</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">Credit Suisse</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Securities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">(USA) LLC</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.65</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">7/31/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,503,555</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,504,424</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">UBS</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Securities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">LLC</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.65</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">8/01/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,056,122</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,057,273</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">Credit Suisse</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Securities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">(USA) LLC</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.35</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">8/02/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">6,011,338</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">6,013,091</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">Barclays</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Capital,</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Inc.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.60</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">8/03/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">8,204,132</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">8,208,098</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">Barclays</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Capital,</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Inc.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.65</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">8/03/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">592,806</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">593,116</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">Credit Suisse</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Securities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">(USA) LLC</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.65</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">8/03/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,754,388</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,755,306</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">Deutsche</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Bank</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Securities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Inc.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.65</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">8/03/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">7,920,575</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">7,924,723</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">UBS</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Securities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">LLC</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(0.25</TD><TD STYLE="text-align: left">)%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">8/03/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">891,325</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">891,145</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">UBS</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Securities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">LLC</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.60</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">8/03/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,915,325</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,916,734</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">UBS</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Securities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">LLC</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.65</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">8/03/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,794,025</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,795,488</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">Barclays</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Capital,</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Inc.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.60</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">8/08/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">6,607,719</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">6,610,361</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">Credit Suisse</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Securities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">(USA) LLC</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.35</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">8/08/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">363,757</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">363,842</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">Credit Suisse</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Securities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">(USA) LLC</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.31</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">8/10/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">9/13/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">42,410,687</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">42,423,469</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">UBS</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Securities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">LLC</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1.00</TD><TD STYLE="text-align: left">)%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">8/13/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">639,450</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">639,113</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">Deutsche</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Bank</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Securities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Inc.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.00</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">8/16/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,105,325</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,105,325</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">Credit Suisse</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Securities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">(USA) LLC</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(0.25</TD><TD STYLE="text-align: left">)%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">8/20/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,470,675</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,470,469</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">Credit Suisse</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Securities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">(USA) LLC</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.60</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">8/22/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,383,901</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,384,132</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>

</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: left;">
Reverse repurchase agreements outstanding as of August 31, 2012 were as follows (concluded):</P>
<DIV align="left">
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; border-top: Black 1pt solid; vertical-align: bottom">&nbsp;</TD><TD STYLE="border-top: Black 1pt solid; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-top: Black 1pt solid; vertical-align: bottom">&nbsp;</TD><TD STYLE="border-top: Black 1pt solid; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-top: Black 1pt solid; vertical-align: bottom">&nbsp;</TD><TD STYLE="border-top: Black 1pt solid; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-top: Black 1pt solid; vertical-align: bottom">&nbsp;</TD><TD STYLE="border-top: Black 1pt solid; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-top: Black 1pt solid; vertical-align: bottom">&nbsp;</TD><TD STYLE="font-weight: bold; border-top: Black 1pt solid; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-top: Black 1pt solid; vertical-align: bottom">Face Value</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; vertical-align: bottom">Including</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; vertical-align: bottom">Interest</TD><TD STYLE="font-weight: bold; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; vertical-align: bottom">Trade</TD><TD STYLE="font-weight: bold; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; vertical-align: bottom">Maturity</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; vertical-align: bottom">Accrued</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; border-bottom: Black 1pt solid; vertical-align: bottom">Counterparty</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; vertical-align: bottom">Rate</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; vertical-align: bottom">Date</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; vertical-align: bottom">Date</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; vertical-align: bottom">Face Value</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; vertical-align: bottom">Interest</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">Barclays</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Capital,</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 35%; text-align: left; text-indent: 6.51pt">Inc.</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 9%; text-align: right">(0.25</TD><TD STYLE="width: 1%; text-align: left">)%</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="width: 9%; text-align: center; vertical-align: bottom">8/24/12</TD><TD STYLE="width: 1%; text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="width: 9%; text-align: center; vertical-align: bottom">Open</TD><TD STYLE="width: 1%; text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 9%; text-align: right">562,800</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 9%; text-align: right">562,769</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">Credit Suisse</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Securities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">(USA) LLC</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.65</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">8/24/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">735,687</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">735,794</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">UBS</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Securities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">LLC</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.65</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">8/27/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">840,607</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">840,683</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">Deutsche</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Bank</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Securities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Inc.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.70</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">8/28/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,548,800</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,548,998</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">Credit Suisse</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Securities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">(USA) LLC</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.65</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">8/29/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">315,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">315,017</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">Credit Suisse</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Securities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">(USA) LLC</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(0.25</TD><TD STYLE="text-align: left">)%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">8/29/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">931,838</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">931,818</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">Credit Suisse</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Securities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">(USA) LLC</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.35</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">8/30/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">779,100</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">779,115</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">Credit Suisse</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Securities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">(USA) LLC</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.65</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">8/30/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,022,669</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,022,778</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0.53pt">Deutsche</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Bank</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Securities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 6.51pt">Inc.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.70</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">8/30/12</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">Open</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">4,164,387</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">4,164,550</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: 0.53pt">Total</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">296,475,635</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">296,781,900</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD></TR>
</TABLE>

</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 20pt; text-align: left">&#149;</TD><TD>Financial futures contracts purchased as of August 31, 2012
were as follows:</TD>
</TR></TABLE>
<DIV align="left">
<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial">
<TR valign="bottom">
	<TD STYLE="text-align: center; vertical-align: bottom; border-top: Black 1pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: center; vertical-align: bottom; border-top: Black 1pt solid">
&nbsp;</TD>
	<TD STYLE="width: 15%; text-align: center; vertical-align: bottom; border-top: Black 1pt solid">
&nbsp;</TD>
	<TD STYLE="width: 14%; text-align: center; vertical-align: bottom; border-top: Black 1pt solid">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: center; vertical-align: bottom; border-top: Black 1pt solid">
<B>Notional</B></TD>
	<TD COLSPAN="2" STYLE="text-align: center; vertical-align: bottom; border-top: Black 1pt solid">
<B>Unrealized</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="border-bottom: #000000 1px solid; text-align: center; vertical-align: bottom">
<B>Contracts</B></TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: center; vertical-align: bottom">
<B>Issue</B></TD>
	<TD STYLE="width: 29%; text-align: center; border-bottom: #000000 1px solid; text-indent: 0.74pt; vertical-align: bottom"><B>Exchange </B></TD>
 <TD STYLE="width: 29%; text-align: center; border-bottom: #000000 1px solid; text-indent: 0.74pt; vertical-align: bottom"><B>Expiration</B></TD>
	<TD COLSPAN="2" STYLE="border-bottom: #000000 1px solid; text-align: center; vertical-align: bottom"><B>Value</B></TD>
	<TD COLSPAN="2" STYLE="border-bottom: #000000 1px solid; text-align: center; vertical-align: bottom">
<B>Appreciation</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: center">
90-Day</TD>
	<TD STYLE="text-align: center; width: 15%">
Chicago</TD>
	<TD STYLE="text-align: center; width: 14%">
September</TD>
	<TD STYLE="text-align: right; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: center; width: 13%">
8</TD>
	<TD STYLE="text-align: center; width: 16%">
Euro-Dollar</TD>
	<TD STYLE="text-align: center; width: 15%">
Mercantile</TD>
	<TD STYLE="text-align: center; width: 14%">
2012</TD>
	<TD STYLE="text-align: right; text-indent: 2.07pt; vertical-align: bottom; width: 10%">
USD&nbsp;</TD>
	<TD STYLE="text-align: left; text-indent: 0.17pt; width: 12%">
1,992,200</TD>
	<TD STYLE="text-align: left; width: 8%; vertical-align: bottom">&#36; </TD>
 <TD STYLE="text-align: right; width: 8%">18,278</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: center">
5-Year US</TD>
	<TD STYLE="text-align: center; width: 15%">
Chicago</TD>
	<TD STYLE="text-align: left; width: 14%">
&nbsp;</TD>
	<TD STYLE="text-align: right; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: center">
Treasury</TD>
	<TD STYLE="text-align: center; width: 15%">
Board</TD>
	<TD STYLE="text-align: center; width: 14%">
December</TD>
	<TD STYLE="text-align: right; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: center">
114</TD>
	<TD STYLE="text-align: center">
Note</TD>
	<TD STYLE="text-align: center; width: 15%">
of Trade</TD>
	<TD STYLE="text-align: center; width: 14%">
2012</TD>
	<TD STYLE="text-align: right; vertical-align: bottom">USD&nbsp; </TD>
 <TD STYLE="text-align: left">14,211,703</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
57,299</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: center">
90-Day</TD>
	<TD STYLE="text-align: center; width: 15%">
Chicago</TD>
	<TD STYLE="text-align: center; width: 14%">
March</TD>
	<TD STYLE="text-align: right; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: center">
8</TD>
	<TD STYLE="text-align: center">
Euro-Dollar</TD>
	<TD STYLE="text-align: center; width: 15%">
Mercantile</TD>
	<TD STYLE="text-align: center; width: 14%">
2013</TD>
	<TD STYLE="text-align: right; text-indent: 2.07pt; vertical-align: bottom">
USD&nbsp;</TD>
	<TD STYLE="text-align: left; text-indent: 0.17pt">
1,992,900</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
30,178</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: center">
90-Day</TD>
	<TD STYLE="text-align: center; width: 15%">
Chicago</TD>
	<TD STYLE="text-align: left; width: 14%">
&nbsp;</TD>
	<TD STYLE="text-align: right; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: center">
6</TD>
	<TD STYLE="text-align: center">
Euro-Dollar</TD>
	<TD STYLE="text-align: center; width: 15%">
Mercantile</TD>
	<TD STYLE="text-align: center; width: 14%">
June 2013</TD>
	<TD STYLE="text-align: right; text-indent: 2.07pt; vertical-align: bottom">
USD&nbsp;</TD>
	<TD STYLE="text-align: left; text-indent: 0.17pt">
1,494,525</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
26,609</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: center">
90-Day</TD>
	<TD STYLE="text-align: center; width: 15%">
Chicago</TD>
	<TD STYLE="text-align: center; width: 14%">
September</TD>
	<TD STYLE="text-align: right; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: center">
6</TD>
	<TD STYLE="text-align: center">
Euro-Dollar</TD>
	<TD STYLE="text-align: center; width: 15%">
Mercantile</TD>
	<TD STYLE="text-align: center; width: 14%">
2013</TD>
	<TD STYLE="text-align: right; text-indent: 2.07pt; vertical-align: bottom">
USD&nbsp;</TD>
	<TD STYLE="text-align: left; text-indent: 0.17pt">
1,494,300</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
30,059</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: center">
90-Day</TD>
	<TD STYLE="text-align: center; width: 15%">
Chicago</TD>
	<TD STYLE="text-align: center; width: 14%">
December</TD>
	<TD STYLE="text-align: right; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: center">
6</TD>
	<TD STYLE="text-align: center">
Euro-Dollar</TD>
	<TD STYLE="text-align: center; width: 15%">
Mercantile</TD>
	<TD STYLE="text-align: center; width: 14%">
2013</TD>
	<TD STYLE="text-align: right; text-indent: 2.07pt; vertical-align: bottom">
USD&nbsp;</TD>
	<TD STYLE="text-align: left; text-indent: 0.17pt">
1,493,925</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
33,358</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: center">
90-Day</TD>
	<TD STYLE="text-align: center; width: 15%">
Chicago</TD>
	<TD STYLE="text-align: center; width: 14%">
March</TD>
	<TD STYLE="text-align: right; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid">
6</TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid">
Euro-Dollar</TD>
	<TD STYLE="text-align: center; width: 15%; border-bottom: #000000 1px solid">
Mercantile</TD>
	<TD STYLE="text-align: center; width: 14%; border-bottom: #000000 1px solid">
2014</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; text-indent: 2.08pt; vertical-align: bottom">
USD&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 0.17pt">
1,493,550</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
36,283</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; vertical-align: bottom">
<B>Total</B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; width: 15%">
&nbsp;</TD>
	<TD STYLE="text-align: left; width: 14%">
&nbsp;</TD>
	<TD STYLE="text-align: right; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="border-bottom: Black 2pt solid; text-align: left; vertical-align: bottom">&#36; </TD>
 <TD STYLE="border-bottom: Black 2pt solid; text-align: right">232,064</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: left;">
See Notes to Financial Statements.</P>
</DIV>

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<a name="_bclPageBorder53"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<DIV align="left">
<TABLE border=0 style="width:100%" cellspacing=0 cellpadding=0 style="font-family: 'Arial';font-size: 10pt;">
<TR valign="bottom">
<TD NOWRAP STYLE="text-align: left; font-size: 14pt; border-top: rgb(57,76,165) 4pt solid">
<FONT color="#0000cc">Consolidated Schedule of Investments (continued)</FONT></TD>
<TD NOWRAP STYLE="border-top: rgb(57,75,165) 4pt solid; text-align: right; vertical-align: bottom; font-size: 8pt; color: #0000cc"><FONT STYLE="font-size: 7pt; color: #0000cc"><B>BlackRock
Limited Duration Income Trust (BLW)</B></FONT></TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 20pt; text-align: left">&#149;</TD><TD>Financial futures contracts sold as of August 31, 2012 were
as follows:</TD>
</TR></TABLE>
<DIV align="left">
<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial">
<TR valign="bottom">
	<TD STYLE="text-align: left; border-top: Black 1pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-top: Black 1pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-top: Black 1pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-top: Black 1pt solid">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-top: Black 1pt solid">
<B>Notional</B></TD>
	<TD COLSPAN="2" STYLE="text-align: center; vertical-align: bottom; border-top: Black 1pt solid">
<B>Unrealized</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid; vertical-align: bottom">
<B>Contracts</B></TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid; vertical-align: bottom">
<B>Issue</B></TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid; vertical-align: bottom">
<B>Exchange</B></TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid; vertical-align: bottom">
<B>Expiration</B></TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-bottom: #000000 1px solid; vertical-align: bottom"><B>Value</B></TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-bottom: #000000 1px solid; vertical-align: bottom">
<B>Depreciation</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: center">
September</TD>
	<TD STYLE="text-align: right; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: center; width: 12%">
15</TD>
	<TD STYLE="text-align: center; width: 17%">
Euro-Bund</TD>
	<TD STYLE="text-align: center; width: 15%">
Eurex</TD>
	<TD STYLE="text-align: center; width: 16%">
2012</TD>
	<TD STYLE="text-align: right; text-indent: 0pt; vertical-align: bottom; width: 9%">
USD&nbsp;</TD>
	<TD STYLE="text-align: left; text-indent: 0.17pt; width: 11%">
2,717,225</TD>
	<TD STYLE="text-align: left; width: 8%; vertical-align: bottom">&#36; </TD>
 <TD STYLE="text-align: right; width: 8%">(5,618)</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: center">
S&amp;P 500</TD>
	<TD STYLE="text-align: center">
Chicago</TD>
	<TD STYLE="text-align: center">
September</TD>
	<TD STYLE="text-align: right; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: center">
60</TD>
	<TD STYLE="text-align: center">
E-Mini Index</TD>
	<TD STYLE="text-align: center">
Mercantile</TD>
	<TD STYLE="text-align: center">
2012</TD>
	<TD STYLE="text-align: right; text-indent: 0pt; vertical-align: bottom">
USD&nbsp;</TD>
	<TD STYLE="text-align: left; text-indent: 0.17pt">
4,215,300</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
(288,888)</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: center">
Chicago</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: center">
10-Year US</TD>
	<TD STYLE="text-align: center">
Board of</TD>
	<TD STYLE="text-align: center">
December</TD>
	<TD STYLE="text-align: right; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: center">
18</TD>
	<TD STYLE="text-align: center">
Treasury Note</TD>
	<TD STYLE="text-align: center">
Trade</TD>
	<TD STYLE="text-align: center">
2012</TD>
	<TD STYLE="text-align: right; text-indent: 0pt; vertical-align: bottom">
USD&nbsp;</TD>
	<TD STYLE="text-align: left; text-indent: 0.17pt">
2,406,938</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
(16,266)</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: center">
Chicago</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: center">
2-Year US</TD>
	<TD STYLE="text-align: center">
Board of</TD>
	<TD STYLE="text-align: center">
December</TD>
	<TD STYLE="text-align: right; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid">
9</TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid">
Treasury Note</TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid">
Trade</TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid">
2012</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; vertical-align: bottom">
USD&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 0.17pt">
1,985,203</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
(1,256)</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
<B>Total</B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="border-bottom: Black 2pt solid; text-align: left; vertical-align: bottom">&#36; </TD>
 <TD STYLE="border-bottom: Black 2pt solid; text-align: right">(312,028)</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 20pt; text-align: left">&#149;</TD><TD>Foreign currency exchange contracts as of August 31, 2012
were as follows:</TD>
</TR></TABLE>
<DIV align="left">
<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial">
<TR valign="bottom">
	<TD STYLE="text-align: left; width: 6%; border-top: Black 1pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; width: 14%; border-top: Black 1pt solid">
&nbsp;</TD>

    <TD STYLE="text-align: left; border-top: Black 1pt solid">&nbsp;</TD><TD STYLE="text-align: left; width: 6%; border-top: Black 1pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; width: 15%; border-top: Black 1pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-top: Black 1pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: center; width: 15%; border-top: Black 1pt solid; vertical-align: bottom">
&nbsp;</TD>

    <TD COLSPAN="2" STYLE="text-align: center; border-top: Black 1pt solid; vertical-align: bottom"><B>Unrealized</B></TD>
</TR>
<TR valign="bottom">
	<TD COLSPAN="2" STYLE="text-align: left">
<B>Currency</B></TD>

    <TD>&nbsp;</TD><TD COLSPAN="2" STYLE="text-align: center"><B>Currency</B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: center; width: 34%; vertical-align: bottom"><B>Settlement </B></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><B>Appreciation</B></TD>
</TR>
<TR valign="bottom">
	<TD COLSPAN="2" STYLE="text-align: left; border-bottom: #000000 1px solid">
<B>Purchased</B></TD>

    <TD STYLE="text-align: left; border-bottom: #000000 1px solid">&nbsp;</TD><TD COLSPAN="2" STYLE="text-align: center; border-bottom: #000000 1px solid"><B>Sold</B></TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid">
<B>Counterparty</B></TD>
	<TD STYLE="text-align: center; width: 15%; border-bottom: #000000 1px solid; vertical-align: bottom">
<B>Date</B></TD>

    <TD COLSPAN="2" STYLE="text-align: center; border-bottom: #000000 1px solid; vertical-align: bottom"><B>(Depreciation)</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; width: 6%">
USD</TD>
	<TD STYLE="text-align: right; width: 14%">
226,440</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; width: 6%; text-indent: 0pt">
EUR</TD>
	<TD STYLE="text-align: right; width: 15%">
180,000</TD>
	<TD STYLE="text-align: center; width: 21%">
Deutsche</TD>
	<TD STYLE="text-align: center; width: 15%; vertical-align: bottom">
&nbsp;</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; width: 19%">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; width: 6%">
&nbsp;</TD>
	<TD STYLE="text-align: left; width: 14%">
&nbsp;</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; width: 6%">
&nbsp;</TD>
	<TD STYLE="text-align: left; width: 15%">
&nbsp;</TD>
	<TD STYLE="text-align: center">
Bank AG</TD>
	<TD STYLE="text-align: center; width: 15%; text-indent: 0.01pt; vertical-align: bottom">
9/05/12&nbsp;&nbsp;</TD>

    <TD>&#36;</TD><TD STYLE="text-align: right"> 36</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; width: 6%">
GBP</TD>
	<TD STYLE="text-align: right; width: 14%">
1,500,000</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; width: 6%; text-indent: 0pt">
USD</TD>
	<TD STYLE="text-align: right; width: 15%">
2,370,743</TD>
	<TD STYLE="text-align: center">
Credit Suisse</TD>
	<TD STYLE="text-align: center; width: 15%; vertical-align: bottom">
&nbsp;</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; width: 6%">
&nbsp;</TD>
	<TD STYLE="text-align: left; width: 14%">
&nbsp;</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; width: 6%">
&nbsp;</TD>
	<TD STYLE="text-align: left; width: 15%">
&nbsp;</TD>
	<TD STYLE="text-align: center">
Group AG</TD>
	<TD STYLE="text-align: center; width: 15%; text-indent: 0.01pt; vertical-align: bottom">
10/17/12</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: right">
10,677</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; width: 6%">
GBP</TD>
	<TD STYLE="text-align: right; width: 14%">
1,781,000</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; width: 6%; text-indent: 0pt">
USD</TD>
	<TD STYLE="text-align: right; width: 15%">
2,760,427</TD>
	<TD STYLE="text-align: center">
Credit Suisse</TD>
	<TD STYLE="text-align: center; width: 15%; vertical-align: bottom">
&nbsp;</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; width: 6%">
&nbsp;</TD>
	<TD STYLE="text-align: left; width: 14%">
&nbsp;</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; width: 6%">
&nbsp;</TD>
	<TD STYLE="text-align: left; width: 15%">
&nbsp;</TD>
	<TD STYLE="text-align: center">
Group AG</TD>
	<TD STYLE="text-align: center; width: 15%; text-indent: 0.01pt; vertical-align: bottom">
10/17/12</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: right">
67,112</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; width: 6%">
GBP</TD>
	<TD STYLE="text-align: right; width: 14%">
154,000</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; width: 6%; text-indent: 0pt">
USD</TD>
	<TD STYLE="text-align: right; width: 15%">
240,329</TD>
	<TD STYLE="text-align: center">
Goldman Sachs</TD>
	<TD STYLE="text-align: center; width: 15%; vertical-align: bottom">
&nbsp;</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; width: 6%">
&nbsp;</TD>
	<TD STYLE="text-align: left; width: 14%">
&nbsp;</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; width: 6%">
&nbsp;</TD>
	<TD STYLE="text-align: left; width: 15%">
&nbsp;</TD>
	<TD STYLE="text-align: center">
Group, Inc.</TD>
	<TD STYLE="text-align: center; width: 15%; text-indent: 0.01pt; vertical-align: bottom">
10/17/12</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: right">
4,163</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; width: 6%">
GBP</TD>
	<TD STYLE="text-align: right; width: 14%">
1,781,000</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; width: 6%">
USD</TD>
	<TD STYLE="text-align: right; width: 15%">
2,760,732</TD>
	<TD STYLE="text-align: center">
UBS AG</TD>
	<TD STYLE="text-align: center; width: 15%; text-indent: 0pt; vertical-align: bottom">
10/17/12</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: right">
66,807</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; width: 6%">
USD</TD>
	<TD STYLE="text-align: right; width: 14%">
3,752,547</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; width: 6%">
CAD</TD>
	<TD STYLE="text-align: right; width: 15%">
3,811,000</TD>
	<TD STYLE="text-align: center">
UBS AG</TD>
	<TD STYLE="text-align: center; width: 15%; text-indent: 0pt; vertical-align: bottom">
10/17/12</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: right">
(110,112)</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; width: 6%">
USD</TD>
	<TD STYLE="text-align: right; width: 14%">
634,540</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; width: 6%; text-indent: 0pt">
GBP</TD>
	<TD STYLE="text-align: right; width: 15%">
405,000</TD>
	<TD STYLE="text-align: center">
Citigroup Inc.</TD>
	<TD STYLE="text-align: center; width: 15%; vertical-align: bottom">
10/17/12</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: right">
(8,443)</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; width: 6%">
USD</TD>
	<TD STYLE="text-align: right; width: 14%">
152,004</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; width: 6%; text-indent: 0pt">
GBP</TD>
	<TD STYLE="text-align: right; width: 15%">
97,000</TD>
	<TD STYLE="text-align: center">
Citigroup Inc.</TD>
	<TD STYLE="text-align: center; width: 15%; text-indent: 0pt; vertical-align: bottom">
10/17/12</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: right">
(1,995)</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; width: 6%">
USD</TD>
	<TD STYLE="text-align: right; width: 14%">
2,063,293</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; width: 6%">
GBP</TD>
	<TD STYLE="text-align: right; width: 15%">
1,306,000</TD>
	<TD STYLE="text-align: center">
Credit Suisse</TD>
	<TD STYLE="text-align: center; width: 15%; vertical-align: bottom">
&nbsp;</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; width: 6%">
&nbsp;</TD>
	<TD STYLE="text-align: left; width: 14%">
&nbsp;</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; width: 6%">
&nbsp;</TD>
	<TD STYLE="text-align: left; width: 15%">
&nbsp;</TD>
	<TD STYLE="text-align: center">
Group AG</TD>
	<TD STYLE="text-align: center; width: 15%; text-indent: 0.01pt; vertical-align: bottom">
10/17/12</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: right">
(10,129)</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; width: 6%">
USD</TD>
	<TD STYLE="text-align: right; width: 14%">
17,052</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; width: 6%; text-indent: 0pt">
GBP</TD>
	<TD STYLE="text-align: right; width: 15%">
11,000</TD>
	<TD STYLE="text-align: center">
Deutsche</TD>
	<TD STYLE="text-align: center; width: 15%; vertical-align: bottom">
&nbsp;</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; width: 6%">
&nbsp;</TD>
	<TD STYLE="text-align: left; width: 14%">
&nbsp;</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; width: 6%">
&nbsp;</TD>
	<TD STYLE="text-align: left; width: 15%">
&nbsp;</TD>
	<TD STYLE="text-align: center">
Bank AG</TD>
	<TD STYLE="text-align: center; width: 15%; text-indent: 0.01pt; vertical-align: bottom">
10/17/12</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: right">
(412)</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; width: 20%">USD </TD>
 <TD STYLE="width: 20%; text-align: right; vertical-align: bottom">23,843,996</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; width: 21%; text-indent: 0pt">GBP </TD>
 <TD STYLE="width: 21%; text-align: right; text-indent: 0pt; vertical-align: bottom">15,359,500</TD>
	<TD STYLE="text-align: center">
UBS AG</TD>
	<TD STYLE="text-align: center; width: 15%; text-indent: 0pt; vertical-align: bottom">
10/17/12</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: right">
(540,946)</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; width: 6%">
USD</TD>
	<TD STYLE="text-align: right; width: 14%">
2,769,681</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; width: 6%">
GBP</TD>
	<TD STYLE="text-align: right; width: 15%">
1,781,000</TD>
	<TD STYLE="text-align: center">
UBS AG</TD>
	<TD STYLE="text-align: center; width: 15%; text-indent: 0pt; vertical-align: bottom">
10/17/12</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: right">
(57,858)</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; width: 6%">
USD</TD>
	<TD STYLE="text-align: right; width: 14%">
1,900,050</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; width: 6%">
GBP</TD>
	<TD STYLE="text-align: right; width: 15%">
1,225,000</TD>
	<TD STYLE="text-align: center">
UBS AG</TD>
	<TD STYLE="text-align: center; width: 15%; text-indent: 0pt; vertical-align: bottom">
10/17/12</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: right">
(44,776)</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; width: 6%">
USD</TD>
	<TD STYLE="text-align: right; width: 14%">
1,830,386</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; width: 6%">
GBP</TD>
	<TD STYLE="text-align: right; width: 15%">
1,160,000</TD>
	<TD STYLE="text-align: center">
UBS AG</TD>
	<TD STYLE="text-align: center; width: 15%; text-indent: 0pt; vertical-align: bottom">
10/17/12</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: right">
(11,245)</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; width: 6%">
USD</TD>
	<TD STYLE="text-align: right; width: 14%">
145,406</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; width: 6%; text-indent: 0pt">
GBP</TD>
	<TD STYLE="text-align: right; width: 15%">
93,000</TD>
	<TD STYLE="text-align: center">
UBS AG</TD>
	<TD STYLE="text-align: center; width: 15%; text-indent: 0pt; vertical-align: bottom">
10/17/12</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: right">
(2,242)</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; width: 6%">
USD</TD>
	<TD STYLE="text-align: right; width: 14%">
304,940</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; width: 6%; text-indent: 0pt">
GBP</TD>
	<TD STYLE="text-align: right; width: 15%">
193,000</TD>
	<TD STYLE="text-align: center">
UBS AG</TD>
	<TD STYLE="text-align: center; width: 15%; text-indent: 0pt; vertical-align: bottom">
10/17/12</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: right">
(1,469)</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; width: 6%">
EUR</TD>
	<TD STYLE="text-align: right; width: 14%">
180,000</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; width: 6%; text-indent: 0pt">
USD</TD>
	<TD STYLE="text-align: right; width: 15%">
226,555</TD>
	<TD STYLE="text-align: center">
Deutsche</TD>
	<TD STYLE="text-align: center; width: 15%; vertical-align: bottom">
&nbsp;</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; width: 6%">
&nbsp;</TD>
	<TD STYLE="text-align: left; width: 14%">
&nbsp;</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; width: 6%">
&nbsp;</TD>
	<TD STYLE="text-align: left; width: 15%">
&nbsp;</TD>
	<TD STYLE="text-align: center">
Bank AG</TD>
	<TD STYLE="text-align: center; width: 15%; text-indent: 0.01pt; vertical-align: bottom">
10/22/12</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: right">
(36)</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; width: 6%">
USD</TD>
	<TD STYLE="text-align: right; width: 14%">
208,570</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; width: 6%; text-indent: 0pt">
EUR</TD>
	<TD STYLE="text-align: right; width: 15%">
170,000</TD>
	<TD STYLE="text-align: center">
BNP Paribas SA</TD>
	<TD STYLE="text-align: center; width: 15%; text-indent: 0pt; vertical-align: bottom">
10/22/12</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: right">
(5,364)</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; width: 20%">USD </TD>
 <TD STYLE="width: 20%; text-align: right; vertical-align: bottom">17,762,288</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; width: 21%; text-indent: 0pt">EUR </TD>
 <TD STYLE="width: 21%; text-align: right; text-indent: 0pt; vertical-align: bottom">14,488,000</TD>
	<TD STYLE="text-align: center">
Citigroup Inc.</TD>
	<TD STYLE="text-align: center; width: 15%; text-indent: 0pt; vertical-align: bottom">
10/22/12</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: right">
(469,970)</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; width: 6%">
USD</TD>
	<TD STYLE="text-align: right; width: 14%">
251,996</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; width: 6%; text-indent: 0pt">
EUR</TD>
	<TD STYLE="text-align: right; width: 15%">
205,000</TD>
	<TD STYLE="text-align: center">
Citigroup Inc.</TD>
	<TD STYLE="text-align: center; width: 15%; vertical-align: bottom">
10/22/12</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: right">
(5,984)</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; width: 6%">
USD</TD>
	<TD STYLE="text-align: right; width: 14%">
111,679</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; width: 6%; text-indent: 0pt">
EUR</TD>
	<TD STYLE="text-align: right; width: 15%">
90,000</TD>
	<TD STYLE="text-align: center">
Royal Bank of</TD>
	<TD STYLE="text-align: center; width: 15%; vertical-align: bottom">
&nbsp;</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; width: 6%">
&nbsp;</TD>
	<TD STYLE="text-align: left; width: 14%">
&nbsp;</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; width: 6%">
&nbsp;</TD>
	<TD STYLE="text-align: left; width: 15%">
&nbsp;</TD>
	<TD STYLE="text-align: center">
Scotland</TD>
	<TD STYLE="text-align: center; width: 15%; vertical-align: bottom">
&nbsp;</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; width: 6%">
&nbsp;</TD>
	<TD STYLE="text-align: left; width: 14%">
&nbsp;</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; width: 6%">
&nbsp;</TD>
	<TD STYLE="text-align: left; width: 15%">
&nbsp;</TD>
	<TD STYLE="text-align: center">
Group Plc</TD>
	<TD STYLE="text-align: center; width: 15%; text-indent: 0.01pt; vertical-align: bottom">
10/22/12</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: right">
(1,581)</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; width: 6%">
USD</TD>
	<TD STYLE="text-align: right; width: 14%">
37,410</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; width: 6%; text-indent: 0pt">
EUR</TD>
	<TD STYLE="text-align: right; width: 15%">
30,000</TD>
	<TD STYLE="text-align: center">
Royal Bank of</TD>
	<TD STYLE="text-align: center; width: 15%; vertical-align: bottom">
&nbsp;</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; width: 6%">
&nbsp;</TD>
	<TD STYLE="text-align: left; width: 14%">
&nbsp;</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; width: 6%">
&nbsp;</TD>
	<TD STYLE="text-align: left; width: 15%">
&nbsp;</TD>
	<TD STYLE="text-align: center">
Scotland Group</TD>
	<TD STYLE="text-align: center; width: 15%; vertical-align: bottom">
&nbsp;</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; width: 6%">
&nbsp;</TD>
	<TD STYLE="text-align: left; width: 14%">
&nbsp;</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; width: 6%">
&nbsp;</TD>
	<TD STYLE="text-align: left; width: 15%">
&nbsp;</TD>
	<TD STYLE="text-align: center">
Plc</TD>
	<TD STYLE="text-align: center; width: 15%; text-indent: 0.01pt; vertical-align: bottom">
10/22/12</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: right">
(343)</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; width: 6%">
USD</TD>
	<TD STYLE="text-align: right; width: 14%">
292,577</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; width: 6%; text-indent: 0pt">
EUR</TD>
	<TD STYLE="text-align: right; width: 15%">
237,000</TD>
	<TD STYLE="text-align: center">
UBS AG</TD>
	<TD STYLE="text-align: center; width: 15%; text-indent: 0pt; vertical-align: bottom">
10/22/12</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: right">
(5,673)</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; width: 6%; border-bottom: Black 1pt solid">
USD</TD>
	<TD STYLE="text-align: right; width: 14%; border-bottom: Black 1pt solid">
273,963</TD>

    <TD STYLE="text-align: right; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="text-align: left; width: 6%; text-indent: 0pt; border-bottom: Black 1pt solid">
EUR</TD>
	<TD STYLE="text-align: right; width: 15%; border-bottom: Black 1pt solid">
222,000</TD>
	<TD STYLE="text-align: center; border-bottom: Black 1pt solid">
UBS AG</TD>
	<TD STYLE="text-align: center; width: 15%; text-indent: 0pt; vertical-align: bottom; border-bottom: Black 1pt solid">
10/22/12</TD>

    <TD STYLE="text-align: center; border-bottom: Black 1pt solid; text-indent: 0pt; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid">
(5,410)</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; width: 6%">
<B>Total</B></TD>
	<TD STYLE="text-align: left; width: 14%">
&nbsp;</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; width: 6%">
&nbsp;</TD>
	<TD STYLE="text-align: left; width: 15%">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: center; width: 15%; vertical-align: bottom">
&nbsp;</TD>

    <TD STYLE="text-align: left; border-bottom: Black 2pt solid; text-indent: 0pt; vertical-align: bottom">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right; vertical-align: bottom">
 (1,135,193)</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 20pt; text-align: left">&#149;</TD><TD>Credit default swaps on single-name issues&#151;buy protection
outstanding as of August 31, 2012 were as follows:</TD>
</TR></TABLE>
<DIV align="left">
<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial">
<TR valign="bottom">
	<TD STYLE="text-align: center; border-top: Black 1pt solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: center; width: 11%; border-top: Black 1pt solid; vertical-align: bottom">
<B>Pay</B></TD>
	<TD STYLE="text-align: center; width: 17%; border-top: Black 1pt solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: center; border-top: Black 1pt solid; vertical-align: bottom">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-top: Black 1pt solid; vertical-align: bottom">
<B>Notional</B></TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-top: Black 1pt solid; vertical-align: bottom">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: center; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="width: 11%; text-align: center; vertical-align: bottom">
<B>Fixed</B></TD>
	<TD STYLE="width: 17%; text-align: center; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: center; vertical-align: bottom">
<B>Expiration</B></TD>
	<TD COLSPAN="2" STYLE="text-align: center; vertical-align: bottom">
<B>Amount</B></TD>
	<TD COLSPAN="2" STYLE="text-align: center; vertical-align: bottom">
<B>Unrealized</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom">
<B>Issuer</B></TD>
	<TD STYLE="width: 28%; border-bottom: #000000 1px solid; text-align: center; text-indent: 2.69pt; vertical-align: bottom"><B>Rate </B></TD>
 <TD STYLE="width: 28%; border-bottom: #000000 1px solid; text-align: center; text-indent: 2.69pt; vertical-align: bottom"><B>Counterparty</B></TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: center; vertical-align: bottom">
<B>Date</B></TD>
	<TD COLSPAN="2" STYLE="border-bottom: #000000 1px solid; text-align: center; vertical-align: bottom">
<B>(000)</B></TD>
	<TD COLSPAN="2" STYLE="border-bottom: #000000 1px solid; text-align: center; vertical-align: bottom">
<B>Depreciation</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Australia &amp; New</TD>
	<TD STYLE="text-align: left; width: 11%">
&nbsp;</TD>
	<TD STYLE="text-align: left; width: 17%">
&nbsp;</TD>
	<TD STYLE="text-align: center; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Zealand</TD>
	<TD STYLE="text-align: left; width: 11%">
&nbsp;</TD>
	<TD STYLE="text-align: left; width: 17%">
&nbsp;</TD>
	<TD STYLE="text-align: center; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Banking</TD>
	<TD STYLE="text-align: left; width: 11%">
&nbsp;</TD>
	<TD STYLE="text-align: center; width: 17%">
Deutsche</TD>
	<TD STYLE="text-align: center; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Group Ltd.</TD>
	<TD STYLE="text-align: center; width: 11%">
1.00%</TD>
	<TD STYLE="text-align: center; width: 17%">
Bank AG</TD>
	<TD STYLE="text-align: center; vertical-align: bottom">
9/20/17</TD>
	<TD STYLE="text-align: right; vertical-align: bottom">
USD&nbsp;</TD>
	<TD STYLE="text-align: left">
1,643</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">&#36; </TD>
 <TD STYLE="text-align: right">(7,706)</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Commonwealth</TD>
	<TD STYLE="text-align: left; width: 11%">
&nbsp;</TD>
	<TD STYLE="text-align: left; width: 17%">
&nbsp;</TD>
	<TD STYLE="text-align: center; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Bank of</TD>
	<TD STYLE="text-align: left; width: 11%">
&nbsp;</TD>
	<TD STYLE="text-align: center; width: 17%">
Deutsche</TD>
	<TD STYLE="text-align: center; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Australia</TD>
	<TD STYLE="text-align: center; width: 11%">
1.00%</TD>
	<TD STYLE="text-align: center; width: 17%">
Bank AG</TD>
	<TD STYLE="text-align: center; vertical-align: bottom">
9/20/17</TD>
	<TD STYLE="text-align: right; vertical-align: bottom">
USD&nbsp;</TD>
	<TD STYLE="text-align: left">
3,200</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
(15,039)</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
National Australia</TD>
	<TD STYLE="text-align: left; width: 11%">
&nbsp;</TD>
	<TD STYLE="text-align: center; width: 17%">
Deutsche</TD>
	<TD STYLE="text-align: center; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Bank Ltd.</TD>
	<TD STYLE="text-align: center; width: 11%">
1.00%</TD>
	<TD STYLE="text-align: center; width: 17%">
Bank AG</TD>
	<TD STYLE="text-align: center; vertical-align: bottom">
9/20/17</TD>
	<TD STYLE="text-align: right; vertical-align: bottom">
USD&nbsp;</TD>
	<TD STYLE="text-align: left">
3,200</TD>
	<TD COLSPAN="2" STYLE="text-align: right">
(10,539)</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Westpac</TD>
	<TD STYLE="text-align: left; width: 11%">
&nbsp;</TD>
	<TD STYLE="text-align: center; width: 17%">
Deutsche</TD>
	<TD STYLE="text-align: center; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 5.98pt">
Banking Corp.</TD>
	<TD STYLE="text-align: center; width: 11%; border-bottom: #000000 1px solid">
1.00%</TD>
	<TD STYLE="text-align: center; width: 17%; border-bottom: #000000 1px solid">
Bank AG</TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: center; vertical-align: bottom">
9/20/17</TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: right; vertical-align: bottom">
USD&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
1,643</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid">
(9,965)</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; width: 22%">
<B>Total</B></TD>
	<TD STYLE="text-align: left; width: 11%">
&nbsp;</TD>
	<TD STYLE="text-align: left; width: 17%">
&nbsp;</TD>
	<TD STYLE="text-align: center; vertical-align: bottom; width: 14%">
&nbsp;</TD>
	<TD STYLE="text-align: right; vertical-align: bottom; width: 7%">
&nbsp;</TD>
	<TD STYLE="text-align: left; width: 9%">
&nbsp;</TD>
	<TD STYLE="text-align: left; width: 9%; border-bottom: Black 2pt solid; vertical-align: bottom">&#36; </TD>
 <TD STYLE="text-align: right; width: 8%; border-bottom: Black 2pt solid">(43,249)</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 20pt; text-align: left">&#149;</TD><TD>Credit default swaps on traded indexes&#151;buy protection
outstanding as of August 31, 2012 were as follows:</TD>
</TR></TABLE>
<DIV align="left">
<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial">
<TR valign="bottom">
	<TD STYLE="text-align: left; border-top: Black 1pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: center; border-top: Black 1pt solid">
<B>Pay</B></TD>
	<TD STYLE="text-align: left; border-top: Black 1pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: center; border-top: Black 1pt solid; vertical-align: bottom">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-top: Black 1pt solid">
<B>Notional</B></TD>
	<TD COLSPAN="2" STYLE="text-align: left; border-top: Black 1pt solid">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: center">
<B>Fixed</B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: center; vertical-align: bottom">
<B>Expiration</B></TD>
	<TD COLSPAN="2" STYLE="text-align: center">
<B>Amount</B></TD>
	<TD COLSPAN="2" STYLE="text-align: center">
<B>Unrealized</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
<B>Index</B></TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid">
<B>Rate</B></TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid">
<B>Counterparty</B></TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: center; vertical-align: bottom">
<B>Date</B></TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-bottom: #000000 1px solid">
<B>(000)</B></TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-bottom: #000000 1px solid">
<B>Depreciation</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt">
Dow Jones CDX</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: center; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
North America</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: center; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Investment</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: center; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Grade Index</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: center; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Series 16,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: center">
Morgan</TD>
	<TD STYLE="text-align: center; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Version 1</TD>
	<TD STYLE="text-align: center">
1.00%</TD>
	<TD STYLE="text-align: center">
Stanley</TD>
	<TD STYLE="text-align: center; vertical-align: bottom">
6/20/16</TD>
	<TD STYLE="text-align: right; text-indent: 0pt; vertical-align: bottom">
USD&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
7,700</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">&#36; </TD>
 <TD STYLE="text-align: right; vertical-align: bottom">(19,743)</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt">
Dow Jones CDX</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: center; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
North America</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: center; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
High Yield Index</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: center; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Series 18,</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: center">
JPMorgan</TD>
	<TD STYLE="text-align: center; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 5.98pt">
Version 2</TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid">
5.00%</TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid">
Chase &amp; Co.</TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: center; vertical-align: bottom">
6/20/17</TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: right; vertical-align: bottom">
USD&nbsp;</TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom">
6,955</TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom">&nbsp;</TD>
 <TD STYLE="border-bottom: #000000 1px solid; text-align: right; vertical-align: bottom">(282,361)</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt; width: 22%">
<B>Total</B></TD>
	<TD STYLE="text-align: left; width: 10%">
&nbsp;</TD>
	<TD STYLE="text-align: left; width: 18%">
&nbsp;</TD>
	<TD STYLE="text-align: center; vertical-align: bottom; width: 14%">
&nbsp;</TD>
	<TD STYLE="text-align: right; vertical-align: bottom; width: 7%">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom; width: 9%">
&nbsp;</TD>
	<TD STYLE="text-align: left; width: 9%; border-bottom: Black 2pt solid; vertical-align: bottom">&#36; </TD>
 <TD STYLE="text-align: right; width: 8%; border-bottom: Black 2pt solid; vertical-align: bottom">(302,104)</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 20pt; text-align: left">&#149;</TD><TD>Credit default swaps on traded indexes&#151;sold protection
outstanding as of August 31, 2012 were as follows:</TD>
</TR></TABLE>
<DIV align="left">
<TABLE border=0 style="width:100%" cellspacing=0 cellpadding=0 style="font-family: 'Arial';font-size: 10pt;">
<TR valign="bottom">
	<TD STYLE="text-align: left; width: 17%; border-top: Black 1pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: center; width: 10%; border-top: Black 1pt solid">
<B>Receive</B></TD>
	<TD STYLE="text-align: left; width: 16%; border-top: Black 1pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: center; width: 12%; border-top: Black 1pt solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; width: 10%; border-top: Black 1pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: center; width: 15%; border-top: Black 1pt solid">
<B>Notional</B></TD>
	<TD STYLE="text-align: left; width: 16%; border-top: Black 1pt solid">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=17%>
&nbsp;</TD>
	<TD align=center width=10%>
<B>Fixed</B></TD>
	<TD align=left width=16%>
&nbsp;</TD>
	<TD WIDTH="12%" STYLE="text-align: center; vertical-align: bottom">
<B>Expiration</B></TD>
	<TD align=center width=10%>
<B>Credit</B></TD>
	<TD align=center width=15%>
<B>Amount</B></TD>
	<TD align=center width=16%>
<B>Unrealized</B></TD>
</TR>
<TR valign="bottom">
	<TD align=left width=17% style="border-bottom:1px solid #000000;" style="TEXT-INDENT:0.000671pt">
<B>Index</B></TD>
	<TD align=center width=10% style="border-bottom:1px solid #000000;">
<B>Rate</B></TD>
	<TD align=center width=16% style="border-bottom:1px solid #000000;">
<B>Counterparty</B></TD>
	<TD WIDTH="12%" STYLE="text-align: center; border-bottom: #000000 1px solid; vertical-align: bottom">
<B>Date</B></TD>
	<TD align=center width=10% style="border-bottom:1px solid #000000;">
<B>Rating</B><B><SUP>1</SUP></B></TD>
	<TD align=center width=15% style="border-bottom:1px solid #000000;">
<B>(000)</B><B><SUP>2</SUP></B></TD>
	<TD align=center width=16% style="border-bottom:1px solid #000000;">
<B>Appreciation</B></TD>
</TR>
<TR valign="bottom">
	<TD align=left width=17%>
Dow Jones</TD>
	<TD align=left width=10%>
&nbsp;</TD>
	<TD align=left width=16%>
&nbsp;</TD>
	<TD WIDTH="12%" STYLE="text-align: center; vertical-align: bottom">
&nbsp;</TD>
	<TD align=left width=10%>
&nbsp;</TD>
	<TD align=left width=15%>
&nbsp;</TD>
	<TD align=left width=16%>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=17% style="TEXT-INDENT:5.986816pt">
CDX North</TD>
	<TD align=left width=10%>
&nbsp;</TD>
	<TD align=left width=16%>
&nbsp;</TD>
	<TD WIDTH="12%" STYLE="text-align: center; vertical-align: bottom">
&nbsp;</TD>
	<TD align=left width=10%>
&nbsp;</TD>
	<TD align=left width=15%>
&nbsp;</TD>
	<TD align=left width=16%>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=17% style="TEXT-INDENT:5.986816pt">
America</TD>
	<TD align=left width=10%>
&nbsp;</TD>
	<TD align=left width=16%>
&nbsp;</TD>
	<TD WIDTH="12%" STYLE="text-align: center; vertical-align: bottom">
&nbsp;</TD>
	<TD align=left width=10%>
&nbsp;</TD>
	<TD align=left width=15%>
&nbsp;</TD>
	<TD align=left width=16%>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=17% style="TEXT-INDENT:5.986816pt">
Investment</TD>
	<TD align=left width=10%>
&nbsp;</TD>
	<TD align=left width=16%>
&nbsp;</TD>
	<TD WIDTH="12%" STYLE="text-align: center; vertical-align: bottom">
&nbsp;</TD>
	<TD align=left width=10%>
&nbsp;</TD>
	<TD align=left width=15%>
&nbsp;</TD>
	<TD align=left width=16%>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=17% style="TEXT-INDENT:5.986816pt">
Grade Index</TD>
	<TD align=left width=10%>
&nbsp;</TD>
	<TD align=center width=16%>
Morgan</TD>
	<TD WIDTH="12%" STYLE="text-align: center; vertical-align: bottom">
&nbsp;</TD>
	<TD align=left width=10%>
&nbsp;</TD>
	<TD align=left width=15%>
&nbsp;</TD>
	<TD align=left width=16%>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=17% style="border-bottom:1px solid #000000;" style="TEXT-INDENT:5.986816pt">
Series 16</TD>
	<TD align=left width=10% style="border-bottom:1px solid #000000;" style="TEXT-INDENT:4.234985pt">
1.00%</TD>
	<TD align=center width=16% style="border-bottom:1px solid #000000;">
Stanley</TD>
	<TD WIDTH="12%" STYLE="text-align: center; border-bottom: #000000 1px solid; vertical-align: bottom">
6/20/16</TD>
	<TD align=center width=10% style="border-bottom:1px solid #000000;">
BBB+</TD>
	<TD align=center width=15% style="border-bottom:1px solid #000000;">
USD 7,700</TD>
	<TD align=center width=16% style="border-bottom:1px solid #000000;">
&#36;125,337</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20pt"></TD><TD STYLE="width: 20pt; text-align: left"><SUP>1</SUP></TD><TD>Using S&amp;P&#146;s rating of the underlying securities.</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20pt"></TD><TD STYLE="width: 20pt; text-align: left"><SUP>2</SUP></TD><TD>The maximum potential amount the Fund may pay should a
negative credit event take place as defined under the terms of agreement.</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 20pt; text-align: left">&#149;</TD><TD>Interest rate swaps outstanding as of August 31, 2012 were
as follows:</TD>
</TR></TABLE>
<DIV align="left">
<TABLE border=0 style="width:100%" cellspacing=0 cellpadding=0 style="font-family: 'Arial';font-size: 10pt;">
<TR valign="bottom">
	<TD STYLE="text-align: left; width: 12%; border-top: Black 1pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; width: 17%; border-top: Black 1pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; width: 20%; border-top: Black 1pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: center; width: 14%; border-top: Black 1pt solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: center; width: 18%; border-top: Black 1pt solid">
<B>Notional</B></TD>
	<TD STYLE="text-align: left; width: 16%; border-top: Black 1pt solid">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=center width=12%>
<B>Fixed</B></TD>
	<TD align=center width=17%>
<B>Floating</B></TD>
	<TD align=left width=20%>
&nbsp;</TD>
	<TD WIDTH="14%" STYLE="text-align: center; vertical-align: bottom">
<B>Expiration</B></TD>
	<TD align=center width=18%>
<B>Amount</B></TD>
	<TD align=center width=16%>
<B>Unrealized</B></TD>
</TR>
<TR valign="bottom">
	<TD align=center width=12% style="border-bottom:1px solid #000000;">
<B>Rate</B></TD>
	<TD align=center width=17% style="border-bottom:1px solid #000000;">
<B>Rate</B></TD>
	<TD align=center width=20% style="border-bottom:1px solid #000000;">
<B>Counterparty</B></TD>
	<TD WIDTH="14%" STYLE="text-align: center; border-bottom: #000000 1px solid; vertical-align: bottom">
<B>Date</B></TD>
	<TD align=center width=18% style="border-bottom:1px solid #000000;">
<B>(000)</B></TD>
	<TD align=center width=16% style="border-bottom:1px solid #000000;">
<B>Depreciation</B></TD>
</TR>
<TR valign="bottom">
	<TD align=left width=12%>
&nbsp;</TD>
	<TD align=center width=17%>
3-month</TD>
	<TD align=center width=20%>
Deutsche</TD>
	<TD WIDTH="14%" STYLE="text-align: center; vertical-align: bottom">
&nbsp;</TD>
	<TD align=left width=18%>
&nbsp;</TD>
	<TD align=left width=16%>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=center width=12% style="border-bottom:1px solid #000000;">
1.10% <SUP>3</SUP></TD>
	<TD align=center width=17% style="border-bottom:1px solid #000000;">
LIBOR</TD>
	<TD align=center width=20% style="border-bottom:1px solid #000000;">
Bank AG</TD>
	<TD WIDTH="14%" STYLE="text-align: center; border-bottom: #000000 1px solid; vertical-align: bottom">
5/14/17</TD>
	<TD align=center width=18% style="border-bottom:1px solid #000000;">
USD 14,500</TD>
	<TD align=center width=16% style="border-bottom:1px solid #000000;">
&#36;(260,243)</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20pt"></TD><TD STYLE="width: 20pt; text-align: left"><SUP>3</SUP></TD><TD>Fund pays the fixed rate and receives the floating rate.</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 20pt; text-align: left">&#149;</TD><TD>For Fund compliance purposes, the Fund&#146;s industry classifications
refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or rating group
indexes, and/or as defined by Fund management. These definitions may not apply for purposes of this report, which may combine
such industry sub-classifications for reporting ease.</TD>
</TR></TABLE>
<P style="text-align: left;">
See Notes to Financial Statements.</P>
</DIV>

<!-- Field: Page; Sequence: 53 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; padding-top: 6pt; padding-bottom: 12pt; border-top: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 9pt Arial, Helvetica, Sans-Serif"><TR><TD STYLE="text-align: left; width: 33%">AUGUST 31, 2012</TD><TD STYLE="text-align: center; width: 34%">ANNUAL REPORT</TD><TD STYLE="text-align: right; width: 33%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->53<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->




<A name="page_54"></A><BR>

<a name="_bclPageBorder54"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<DIV align="left">
<TABLE border=0 style="width:100%" cellspacing=0 cellpadding=0 style="font-family: 'Arial';font-size: 10pt;">
<TR valign="bottom">
<TD NOWRAP STYLE="text-align: left; font-size: 14pt; border-top: rgb(57,76,165) 4pt solid">
<FONT color="#0000cc">Consolidated Schedule of Investments (continued)</FONT></TD>
<TD NOWRAP STYLE="border-top: rgb(57,75,165) 4pt solid; text-align: right; vertical-align: bottom; font-size: 8pt; color: #0000cc"><FONT STYLE="font-size: 7pt; color: #0000cc"><B>BlackRock
Limited Duration Income Trust (BLW)</B></FONT></TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 20pt; text-align: left">&#149;</TD><TD>Fair Value Measurements&#151;Various inputs are used in determining
the fair value of investments and derivative financial instrument. These inputs to valuation techniques are categorized into a
disclosure hierarchy consisting of three broad levels for financial statement purposes as follows:</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20pt"></TD><TD STYLE="width: 20pt; text-align: left">&#149;</TD><TD>Level1&#151;unadjusted price quotations in active markets/exchanges
for identical assets and liabilities</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20pt"></TD><TD STYLE="width: 20pt; text-align: left">&#149;</TD><TD>Level 2 &#151; other observable inputs (including, but
not limited to: quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar
assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities
(such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other
market-corroborated inputs)</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20pt"></TD><TD STYLE="width: 20pt; text-align: left">&#149;</TD><TD>Level3&#151;unobservable inputs based on the best information
available in the circumstances, to the extent observable inputs are not available (including the Fund&#146;s own assumptions used
in determining the fair value of investments and derivative financial instruments)</TD>
</TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 9pt; margin-left: 20pt; text-indent: 0pt">Changes in valuation techniques may result in
transfers into or out of an assigned level within the disclosure hierarchy. In accordance with the Fund&#146;s policy, transfers
between different levels of the fair value disclosure hierarchy are deemed to have occurred as of the beginning of the reporting
period. The categorization of a value determined for investments and derivative financial instrument is based on the pricing transparency
of the investment and derivative financial instrument and is not necessarily an indication of the risks associated with investing
in those securities. For information about the Fund&#146;s policy regarding valuation of investments and derivative financial
instruments and other significant accounting policies, please refer to Note 1 of the Notes to Financial Statements.</P>
<P STYLE="margin-top: 0; margin-bottom: 9pt; margin-left: 20pt; text-indent: 0pt">The following tables summarize the Fund&#146;s
investments and derivative financial instrument categorized in the disclosure hierarchy as of August 31, 2012:</P>
<DIV align="left">
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid; border-top: Black 1pt solid">&nbsp;</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; border-top: Black 1pt solid">Level 1</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; border-top: Black 1pt solid">Level 2</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; border-top: Black 1pt solid">Level 3</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; border-top: Black 1pt solid">Total</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left">Assets:</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Investments:</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Long Term-Investments:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 5.98pt">Asset-Backed</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 40%; text-align: left; text-indent: 11.97pt">Securities.</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">&mdash;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">31,519,611</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">9,845,241</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">41,364,852</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 5.98pt">Common</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 11.97pt">Stocks</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">4,008,397</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,415,060</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,007,283</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">8,430,740</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 5.98pt">Corporate</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 11.97pt">Bonds</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">430,900,823</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,727</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">430,902,550</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 5.98pt">Floating Rate</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 11.97pt">Loan</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 11.97pt">Interests</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">277,452,086</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">38,594,979</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">316,047,065</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 5.98pt">Non-Agency</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 11.97pt">Mortgage-</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 11.97pt">Backed</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 11.97pt">Securities.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">70,504,057</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">70,504,057</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 5.98pt">Other Interests</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,608,923</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,608,923</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 5.98pt">Preferred</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 11.97pt">Securities.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,208,335</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">701,250</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,909,585</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 5.98pt">Taxable</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 11.97pt">Municipal</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 11.97pt">Bonds</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">8,130,670</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">8,130,670</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 5.98pt">US Government</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 11.97pt">Sponsored</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 11.97pt">Agency</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 11.97pt">Securities.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">57,647,588</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">57,647,588</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 5.98pt">US Treasury</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 11.97pt">Obligations</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,749,907</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,749,907</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Short-Term</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 5.98pt">Securities</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">2,323,267</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">2,323,267</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left">Total</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">8,539,999</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">881,021,052</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">52,058,153</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">941,619,204</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD></TR>
</TABLE>

</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<DIV align="left">
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid; border-top: Black 1pt solid">&nbsp;</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; border-top: Black 1pt solid">Level 1</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; border-top: Black 1pt solid">Level 2</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; border-top: Black 1pt solid">Level 3</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; border-top: Black 1pt solid">Total</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Derivative Financial Instruments<SUP>1</SUP></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: 0pt">Assets:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 5.98pt">Equity</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 40%; text-align: left; text-indent: 11.97pt">contracts</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">&mdash;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">316,881</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">&mdash;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">316,881</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 5.98pt">Interest rate</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 11.97pt">contracts</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">232,064</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">232,064</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 5.98pt">Foreign currency</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 11.97pt">exchange</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 11.97pt">contracts</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">148,795</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">148,795</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 5.98pt">Credit</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 11.97pt">contracts</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">125,337</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">125,337</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: 0pt">Liabilities:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 5.98pt">Equity contracts.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(288,888</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(72,378</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(361,266</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 5.98pt">Foreign currency</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 11.97pt">exchange</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 11.97pt">contracts</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1,283,988</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1,283,988</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 5.98pt">Interest rate</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 11.97pt">contracts</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(23,140</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(260,243</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(283,383</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 5.98pt">Credit</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 11.97pt">contracts</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(345,353</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">)</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(345,353</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: 0pt">Total</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">(79,964</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">)</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">(1,370,949</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">)</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">&mdash;</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">(1,450,913</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">)</TD></TR>
</TABLE>

</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20pt"></TD><TD STYLE="width: 20pt; text-align: left"><SUP>1</SUP></TD><TD>Derivative financial instruments are swaps, financial
futures contracts, foreign currency exchange contracts and options. Swaps, financial futures contracts and foreign currency exchange
contracts are valued at the unrealized appreciation/depreciation on the instrument and options are shown at value.</TD>
</TR></TABLE>
<P style="text-align: left;">
See Notes to Financial Statements.</P>
</DIV>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<DIV align="left">
<TABLE border=0 style="width:100%" cellspacing=0 cellpadding=0 style="font-family: 'Arial';font-size: 10pt;">
<TR valign="bottom">
<TD NOWRAP STYLE="text-align: left; font-size: 14pt; border-top: rgb(57,76,165) 4pt solid">
<FONT color="#0000cc">Consolidated Schedule of Investments (continued)</FONT></TD>
<TD NOWRAP STYLE="border-top: rgb(57,75,165) 4pt solid; text-align: right; vertical-align: bottom; font-size: 8pt; color: #0000cc"><FONT STYLE="font-size: 7pt; color: #0000cc"><B>BlackRock
Limited Duration Income Trust (BLW)</B></FONT></TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: left;">
The following table summarizes the valuation techniques used and unobservable inputs developed by the Global Valuation Committee to determine the fair value of certain of the Fund&#146;s Level 3 investments as of August 31, 2012:</P>
<DIV align="left">
<TABLE border=0 style="width:100%" cellspacing=0 cellpadding=0 style="font-family: 'Arial';font-size: 10pt;">
<TR valign="bottom">
	<TD STYLE="text-align: left; width: 22%; border-top: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left; width: 6%; border-top: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left; width: 24%; border-top: Black 1pt solid; padding-left: 4"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left; width: 16%; border-top: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: center; width: 14%; border-top: Black 1pt solid"><FONT STYLE="font-size: 8pt"><B>Range of</B></FONT></TD>
	<TD STYLE="text-align: center; width: 14%; border-top: Black 1pt solid"><FONT STYLE="font-size: 8pt"><B>Weighted Average of</B></FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt"><B>Value</B></FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; padding-left: 4"><FONT STYLE="font-size: 8pt"><B>Valuation Techniques</B></FONT></TD>
	<TD NOWRAP STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 0pt"><FONT STYLE="font-size: 8pt"><B>Unobservable
 Inputs <SUP>1</SUP></B></FONT></TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt"><B>Unobservable Inputs</B></FONT></TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt"><B>Unobservable Inputs <SUP>2</SUP></B></FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt"><FONT STYLE="font-size: 8pt"><B>Assets:</B></FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left; padding-left: 4"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt"><FONT STYLE="font-size: 8pt">Common Stocks</FONT></TD>
	<TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&#36;1,991,139</FONT></TD>
	<TD NOWRAP STYLE="text-align: left; text-indent: 0pt; padding-left: 4"><FONT STYLE="font-size: 8pt">Market Comparable Companies</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">EBITDA Multiple</FONT></TD>
	<TD STYLE="text-align: center"><FONT STYLE="font-size: 8pt">5.9x</FONT></TD>
	<TD STYLE="text-align: center"><FONT STYLE="font-size: 8pt">5.9x</FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left; padding-left: 4"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left; text-indent: 0pt"><FONT STYLE="font-size: 8pt">Forward EBITDA Multiple</FONT></TD>
	<TD STYLE="text-align: center"><FONT STYLE="font-size: 8pt">4.6x</FONT></TD>
	<TD STYLE="text-align: center"><FONT STYLE="font-size: 8pt">4.6x</FONT></TD>
</TR>
<TR valign="bottom">
	<TD NOWRAP STYLE="text-align: left; text-indent: 0pt"><FONT STYLE="font-size: 8pt">Floating Rate Loan Interests</FONT></TD>
	<TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">7,653,752</FONT></TD>
	<TD STYLE="text-align: left; text-indent: 0pt; padding-left: 4"><FONT STYLE="font-size: 8pt">Discounted Cash Flows</FONT></TD>
	<TD STYLE="text-align: left; text-indent: 0pt"><FONT STYLE="font-size: 8pt">Discount Rate</FONT></TD>
	<TD STYLE="text-align: left; text-indent: 28.61pt"><FONT STYLE="font-size: 8pt">25%</FONT></TD>
	<TD STYLE="text-align: left; text-indent: 30.17pt"><FONT STYLE="font-size: 8pt">25%</FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD NOWRAP STYLE="text-align: left; text-indent: 0pt; padding-left: 4"><FONT STYLE="font-size: 8pt">Market Comparable Companies</FONT></TD>
	<TD STYLE="text-align: left; text-indent: 0pt"><FONT STYLE="font-size: 8pt">Illiquidity Discount</FONT></TD>
	<TD STYLE="text-align: left; text-indent: 28.61pt"><FONT STYLE="font-size: 8pt">50%</FONT></TD>
	<TD STYLE="text-align: left; text-indent: 30.16pt"><FONT STYLE="font-size: 8pt">50%</FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 0pt; padding-left: 4"><FONT STYLE="font-size: 8pt">Cost</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 0pt"><FONT STYLE="font-size: 8pt">N/A<SUP>3</SUP></FONT></TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&#151;</FONT></TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&#151;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"><B>Total</B><SUP>4</SUP></FONT></TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid"><FONT STYLE="font-size: 8pt">&#36;9,644,891</FONT></TD>
	<TD STYLE="text-align: left; padding-left: 4"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20pt"></TD><TD STYLE="width: 20pt; text-align: left"><SUP>1</SUP></TD><TD>A change to the unobservable input may result in a significant
change to the value of the investment as follows:</TD>
</TR></TABLE>
<DIV align="left">
<TABLE border=0 style="width:100%" cellspacing=0 cellpadding=0 style="font-family: 'Arial';font-size: 10pt;">
<TR valign="bottom">
	<TD STYLE="text-align: left; border-top: Black 1pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: center; border-top: Black 1pt solid">
<B>Impact to</B></TD>
	<TD STYLE="text-align: center; width: 16%; border-top: Black 1pt solid">
<B>Impact to</B></TD>
</TR>
<TR valign="bottom">
	<TD align=left width=40% style="border-bottom:1px solid #000000;" style="TEXT-INDENT:0.000793pt">
<B>Unobservable Input</B></TD>
	<TD align=center width=43% style="border-bottom:1px solid #000000;">
<B>Value if Input Increases</B></TD>
	<TD NOWRAP STYLE="text-align: center; width: 16%; border-bottom: #000000 1px solid">
<B>Value if Input Decreases</B></TD>
</TR>
<TR valign="bottom">
	<TD align=left width=40% style="TEXT-INDENT:0.001587pt">
EBITDA Multiple</TD>
	<TD align=center>
Increase</TD>
	<TD align=center width=16%>
Decrease</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=40% style="TEXT-INDENT:0.000793pt">
Forward EBITDA Multiple</TD>
	<TD align=center>
Increase</TD>
	<TD align=center width=16%>
Decrease</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
Discount Rate</TD>
	<TD align=center>
Decrease</TD>
	<TD align=center width=16%>
Increase</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=40% style="border-bottom:1px solid #000000;">
Illiquidity Discount.</TD>
	<TD align=center width=43% style="border-bottom:1px solid #000000;">
Decrease</TD>
	<TD align=center width=16% style="border-bottom:1px solid #000000;">
Increase</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20pt"></TD><TD STYLE="width: 20pt; text-align: left"><SUP>2</SUP></TD><TD>Unobservable inputs are weighted based on the value of
the investments included in the range.</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20pt"></TD><TD STYLE="width: 20pt; text-align: left"><SUP>3</SUP></TD><TD>The Fund fair values certain of its Level 3 investments
using prior transaction prices (acquisition cost), although the transaction may not have occurred during the current reporting
period. In such cases, these investments are generally privately held investments. There may not be a secondary market, and/or
there are a limited number of investors. The determination to fair value such investments at cost is based upon factors consistent
with the principles of fair value measurement that are reasonably available to the Global Valuation Committee, or its delegate.
Valuations are reviewed utilizing available market information to determine if the carrying value should be adjusted. Such market
data may include, but is not limited to, observations of the trading multiples of public companies considered comparable to the
private companies being valued, financial or operational information released by the company, and/or news or corporate events
that affect the investment. Valuations may be adjusted to account for company-specific issues, the lack of liquidity inherent
in a nonpublic investment and the fact that comparable public companies are not identical to the investments being fair valued
by the Fund.</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20pt"></TD><TD STYLE="width: 20pt; text-align: left"><SUP>4</SUP></TD><TD>Does not include Level 3 investments with values derived
utilizing prices from recent prior transactions or third party pricing information without adjustment for which such inputs are
unobservable. See above valuation input table for values of such Level 3 investments. A significant change in third party pricing
information could result in a significantly lower or higher value in such Level 3 investments.</TD>
</TR></TABLE>
<P style="text-align: left;">
A reconciliation of Level 3 investments and derivative financial instruments is presented when the Fund had a significant amount of Level 3 investments and derivatives at the beginning and/or end of the year in relation to net assets. The following table
is a reconciliation of Level 3 investments for which significant unobservable inputs were used in determining fair value:</P>
<DIV align="left"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 7pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; border-top: Black 1pt solid">&nbsp;</TD><TD STYLE="font-weight: bold; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-top: Black 1pt solid">Asset-Backed</TD><TD STYLE="font-weight: bold; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-top: Black 1pt solid">Common</TD><TD STYLE="font-weight: bold; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-top: Black 1pt solid">Corporate</TD><TD STYLE="font-weight: bold; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-top: Black 1pt solid">Floating <BR> Rate<BR> Loan</TD><TD STYLE="font-weight: bold; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-top: Black 1pt solid">Non-Agency<BR> Mortgage</TD><TD STYLE="font-weight: bold; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-top: Black 1pt solid">Other</TD><TD STYLE="font-weight: bold; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-top: Black 1pt solid">Preferred</TD><TD STYLE="border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-top: Black 1pt solid">&nbsp;</TD><TD STYLE="border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-top: Black 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Securities</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Stocks</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Bonds</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Interests</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Backed</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Interests</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Stocks</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Warrants</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Total</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left">Assets:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 28%; text-align: left; text-indent: 5.98pt">Opening balance, as of <BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;August 31, 2011</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 4%; text-align: right">11,549,300</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 4%; text-align: right">3,358,522</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 4%; text-align: right">186,065</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 4%; text-align: right">38,869,232</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 4%; text-align: right">2,829,283</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 4%; text-align: right">1,441,471</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 4%; text-align: right">384,565</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 4%; text-align: right">292,017</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 4%; text-align: right">58,910,455</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 5.98pt"><FONT STYLE="font-size: 7pt">Transfers into Level 3<SUP>5</SUP></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,182,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,182,004</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 5.98pt"><FONT STYLE="font-size: 7pt">Transfers out of Level 3<SUP>6</SUP></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1,941,543</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(14,585,485</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(2,829,283</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(19,356,311</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 5.98pt">Accrued discounts/premiums</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(623,854</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">704</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">106,881</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(516,269</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 5.98pt">Net realized gain (loss)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(56,962</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(3,616,665</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">66,012</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(736,606</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,456</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">452,430</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(3,890,335</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 5.98pt">Net change in unrealized <BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;appreciation/</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 11.97pt"><FONT STYLE="font-size: 7pt">Net change in unrealized <BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;appreciation/depreciation<SUP>7</SUP></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">835,003</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,024,501</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(57,054</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,192,622</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">167,451</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(384,565</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(292,017</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,485,941</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 5.98pt">Purchases</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,941,682</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">240,952</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">14,526,740</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">18,709,374</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 5.98pt">Sales</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(3,858,385</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">)</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(31</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">)</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(194,000</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">)</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(3,960,405</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">)</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(1,455</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">)</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(452,430</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">)</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(8,466,706</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="font-weight: bold; text-align: left; text-indent: 0pt">Closing Balance, as of <BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;August 31, 2012</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">9,845,241</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">2,007,283</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">1,727</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">38,594,979</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">&mdash;</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">1,608,923</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">&mdash;</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">&mdash;</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">52,058,153</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD></TR>
</TABLE>

</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20pt"></TD><TD STYLE="width: 20pt; text-align: left"><SUP>5</SUP></TD><TD>As of August 31, 2011, the Fund used observable inputs
in determining the value of certain investments. As of August 31, 2012, the Fund used significant unobservable inputs in determining
the value on the same investments. As a result, investments with a beginning of year value of &#36;3,182,004 transferred from
Level 2 to Level 3 in the disclosure hierarchy.</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20pt"></TD><TD STYLE="width: 20pt; text-align: left"><SUP>6</SUP></TD><TD>As of August 31, 2011, the Fund used significant unobservable
inputs in determining the value of certain investments. As of August 31, 2012, the Fund used observable inputs in determining
the value on the same investments. As a result, investments with a beginning of year value of &#36;19,356,311 transferred from
Level 3 to Level 2 in the disclosure hierarchy.</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20pt"></TD><TD STYLE="width: 20pt; text-align: left"><SUP>7</SUP></TD><TD>The change in unrealized appreciation/depreciation on
securities still held as of August 31, 2012 was &#36;115,553.</TD>
</TR></TABLE>
<P style="text-align: left;">
See Notes to Financial Statements.</P>
</DIV>

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<DIV align="left">
<TABLE border=0 style="width:100%" cellspacing=0 cellpadding=0 style="font-family: 'Arial';font-size: 10pt;">
<TR valign="bottom">
<TD NOWRAP STYLE="text-align: left; font-size: 14pt; border-top: rgb(57,76,165) 4pt solid">
<FONT color="#0000cc">Consolidated Schedule of Investments (concluded)</FONT></TD>
<TD NOWRAP STYLE="border-top: rgb(57,75,165) 4pt solid; text-align: right; vertical-align: bottom; font-size: 8pt; color: #0000cc"><FONT STYLE="font-size: 7pt; color: #0000cc"><B>BlackRock
Limited Duration Income Trust (BLW)</B></FONT></TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: left;">
The following table is a reconciliation of Level 3 derivative financial instruments for which significant unobservable inputs were used in determining fair value:</P>
<DIV align="left">
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; vertical-align: bottom; border-top: Black 1pt solid">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: center; vertical-align: bottom; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; vertical-align: bottom; border-top: Black 1pt solid">Credit</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; border-bottom: Black 1pt solid; vertical-align: bottom">&nbsp;</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; vertical-align: bottom">Contracts</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: 0pt">Liabilities:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 70%; text-align: left; text-indent: 0pt">Opening balance, as of August 31, 2011</TD><TD STYLE="width: 13%">&nbsp;</TD>
    <TD STYLE="width: 3%; text-align: left">$</TD><TD STYLE="width: 13%; text-align: right">(3,846</TD><TD STYLE="width: 1%; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Transfers into Level 3<SUP>1</SUP></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Transfers out of Level 3<SUP>1</SUP></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Accrued discounts/premium</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Net realized gain (loss)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Net change in unrealized appreciation/depreciation<SUP>2</SUP></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,846</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Purchases</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Issues<SUP>3</SUP></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Sales.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Settlements<SUP>4</SUP></TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; text-indent: 0pt">Closing Balance, as of August 31, 2012</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">&mdash;</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD></TR>
</TABLE>

</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20pt"></TD><TD STYLE="width: 20pt; text-align: left"><SUP>1</SUP></TD><TD>Transfers into and transfers out of Level 3 represent
values as of the beginning of the reporting period.</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20pt"></TD><TD STYLE="width: 20pt; text-align: left"><SUP>2</SUP></TD><TD>Included in the related change in unrealized appreciation/depreciation
in the Statement of Operations. The change in unrealized appreciation/depreciation on investments still held as of August 31,
2012 was &#36;0.</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20pt"></TD><TD STYLE="width: 20pt; text-align: left"><SUP>3</SUP></TD><TD>Issues represent upfront cash received on certain derivative
financial instruments.</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20pt"></TD><TD STYLE="width: 20pt; text-align: left"><SUP>4</SUP></TD><TD>Settlements represent periodic contractual cash flows
and/or cash flows to terminate certain derivative financial instruments.</TD>
</TR></TABLE>
<P style="text-align: left;">
Certain of the Fund&#146;s assets and liabilities are held at carrying amount, which approximates fair value for financial statement purposes. As of August 31, 2012 such assets and liabilities are categorized within the disclosure hierarchy as
follows:</P>
<DIV align="left">
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; border-bottom: Black 1pt solid; vertical-align: bottom; border-top: Black 1pt solid">&nbsp;</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; vertical-align: bottom; border-top: Black 1pt solid">Level 1</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; vertical-align: bottom; border-top: Black 1pt solid">Level 2</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; vertical-align: bottom; border-top: Black 1pt solid">Level 3</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; vertical-align: bottom; border-top: Black 1pt solid">Total</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left">Assets:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 40%; text-align: left; text-indent: 5.98pt">Cash</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">3,216</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">&mdash;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">&mdash;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">3,216</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 5.98pt">Cash pledged as</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 11.97pt">collateral for</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 11.97pt">financial futures</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 11.97pt">contracts</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">445,500</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">445,500</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 5.98pt">Foreign currency</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 11.97pt">at value</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">361,383</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">361,383</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left">Liabilities:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 5.98pt">Cash received as</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 11.97pt">collateral for open</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 11.97pt">reverse repurchase</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 11.97pt">agreements</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">(1,137,000</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1,137,000</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 5.98pt">Reverse repurchase</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 11.97pt">agreements.</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(296,475,635</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">)</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(296,475,635</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left">Total</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">810,099</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">(297,612,635</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">)</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">&mdash;</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">(296,802,536</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">)</TD></TR>
</TABLE>

</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: left;">
Prior to February 29, 2012, only significant transfers between Level 1 and Level 2 were required to be disclosed. There were no significant transfers from the beginning of the period to February 29, 2012. For the interim period March 31, 2012 to August
31, 2012, all transfers between Level 1 and Level 2 are required to be disclosed. As of February 29, 2012, the Fund used observable inputs in determining the value of certain equity securities. During the year, the Fund began valuing these securities
using unadjusted price quotations from an exchange. As a result, investments with a beginning of period value of &#36;8,353,516 transferred from Level 2 to Level 1 in the disclosure hierarchy.</P>
<P style="text-align: left;">
See Notes to Financial Statements.</P>
</DIV>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<A name="page_57"></A><BR>

<a name="_bclPageBorder57"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<P STYLE="text-align: left; font-size: 14pt; border-top: rgb(57,76,165) 4pt solid">
<FONT color="#0000cc"><A NAME="a_007"></A>Statements of Assets and Liabilities</FONT></P>
<DIV align="left"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 9pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">BlackRock</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">BlackRock</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">BlackRock</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">Diversified</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">Floating Rate</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">BlackRock</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">Defined</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">Income</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">Income</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">Limited</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">Opportunity</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">Strategies</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">Strategies</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">Duration</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">Credit Trust</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">Fund, Inc.</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">Fund, Inc.</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">Income Trust</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left">August 31, 2012</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">(BHL)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">(DVF)*</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">(FRA)*</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">(BLW)*</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="17" STYLE="color: #0000cc; font-weight: bold; text-align: left; border-bottom: rgb(57,76,165) 1pt solid; padding-left: 12pt; border-top: rgb(57,76,165) 2pt solid; background-color: rgb(227,227,239)">Assets</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 40%; text-align: left; text-indent: 0pt"><FONT STYLE="font-size: 9pt">Investments at value &#151; unaffiliated<SUP>1</SUP></FONT></TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">184,057,985</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">197,226,759</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">400,376,933</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">939,612,818</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt"><FONT STYLE="font-size: 9pt">Investments at value &#151; affiliated<SUP>2</SUP></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,326,441</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,177,221</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,779,337</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,323,267</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Cash</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">23,952</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,216</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,216</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Cash pledged as collateral for financial futures contracts</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">445,500</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Interest receivable</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,154,049</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,308,922</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,636,528</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">9,736,384</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Investments sold receivable</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,305,465</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,390,131</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,807,306</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,342,444</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Swap premiums paid</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">95,656</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">101,453</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">211,602</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">711,301</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt"><FONT STYLE="font-size: 9pt">Foreign currency at value<SUP>3</SUP></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">12,292</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">29,476</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">74,079</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">361,383</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Unrealized appreciation on foreign currency exchange contracts</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">145</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">148,795</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Unrealized appreciation on swaps</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">125,337</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Swaps receivable</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">19,952</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Principal paydown receivable</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">11,364</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Variation margin receivable</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,975</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Prepaid expenses</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,024</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,583</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,729</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">25,865</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: 0pt">Other assets</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">801,454</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: 0pt">Total assets</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">188,953,057</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">201,260,497</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">407,905,097</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">956,662,691</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="17" STYLE="color: #0000cc; font-weight: bold; text-align: left; border-bottom: rgb(57,76,165) 1pt solid; padding-left: 12pt; border-top: rgb(57,76,165) 2pt solid; background-color: rgb(227,227,239)">Liabilities</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Reverse repurchase agreements</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">296,475,635</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Loan payable</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">55,000,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">60,000,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">117,000,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Investments purchased payable</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5,826,414</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">6,095,175</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">12,743,972</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">13,168,959</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Unrealized depreciation on foreign currency<BR>
 &nbsp;&nbsp;&nbsp;&nbsp;exchange contracts</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">132,044</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">99,745</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">221,993</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,283,988</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Cash received as collateral for open reverse repurchase agreements</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,137,000</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Investment advisory fees payable</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">150,023</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">120,339</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">244,575</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">421,650</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Unrealized depreciation on swaps</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">66,320</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">70,339</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">146,707</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">605,596</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Interest expense payable</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">40,468</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">24,557</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">88,798</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">294,146</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Swaps payable</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">17,243</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">18,288</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">38,143</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">160,235</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Officer&rsquo;s and Directors&rsquo; fees payable</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,043</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,211</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,560</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">195,285</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Swap premiums received</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">105,594</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Income dividends payable</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">69,336</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">35,503</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt"><FONT STYLE="font-size: 9pt">Options written at value<SUP>4</SUP></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">72,378</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Reorganization costs payable.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">214,181</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">161,485</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: 0pt">Other accrued expenses payable</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">195,573</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">249,245</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">267,864</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">350,943</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: 0pt">Total liabilities</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">61,498,464</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">66,928,583</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">130,915,097</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">314,271,409</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt; text-indent: 0pt">Net Assets</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">127,454,593</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">134,331,914</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">276,990,000</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">642,391,282</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="17" STYLE="color: #0000cc; font-weight: bold; text-align: left; border-bottom: rgb(57,76,165) 1pt solid; padding-left: 12pt; border-top: rgb(57,76,165) 2pt solid; background-color: rgb(227,227,239)">Net Assets Consist of</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt"><FONT STYLE="font-size: 9pt">Paid-in capital<SUP>5,6,7</SUP></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">128,073,072</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">228,794,096</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">350,243,550</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">702,492,569</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Undistributed (distributions in excess of) net<BR>
 &nbsp;&nbsp;&nbsp;investment income</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,539,340</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">397,573</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,633,469</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">6,920,831</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Accumulated net realized loss</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(4,225,054</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(89,672,634</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(74,249,068</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(74,265,114</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: 0pt">Net unrealized appreciation/depreciation</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">2,067,235</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(5,187,121</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">)</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(637,951</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">)</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">7,242,996</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2pt; text-indent: 0pt">Net Assets</TD><TD STYLE="padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">127,454,593</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">134,331,914</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">276,990,000</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">642,391,282</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 2pt">Net asset value per share</TD><TD STYLE="padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">14.12</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">10.83</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">14.98</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">17.38</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 2pt; text-indent: 11.97pt"><FONT STYLE="font-size: 9pt"><SUP>1 </SUP>Investments at cost &#151; unaffiliated</FONT></TD><TD STYLE="padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">181,792,608</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">202,244,456</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">400,647,586</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">931,481,820</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 2pt; text-indent: 11.97pt"><FONT STYLE="font-size: 9pt"><SUP>2 </SUP>Investments at cost &#151; affiliated</FONT></TD><TD STYLE="padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">2,326,441</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">1,177,221</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">1,779,337</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">2,323,267</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 2pt; text-indent: 11.97pt"><FONT STYLE="font-size: 9pt"><SUP>3 </SUP>Foreign currency at cost</FONT></TD><TD STYLE="padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">12,163</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">28,990</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">73,060</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">359,725</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 2pt; text-indent: 11.97pt"><FONT STYLE="font-size: 9pt"><SUP>4 </SUP>Premiums received</FONT></TD><TD STYLE="padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">&mdash;</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">&mdash;</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">&mdash;</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">75,600</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 2pt; text-indent: 11.97pt"><FONT STYLE="font-size: 9pt"><SUP>5 </SUP>Par value per share.</FONT></TD><TD STYLE="padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">0.001</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">0.10</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">0.10</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">0.001</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 2pt; text-indent: 11.97pt"><FONT STYLE="font-size: 9pt"><SUP>6 </SUP>Shares outstanding</FONT></TD><TD STYLE="padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">9,027,106</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">12,401,086</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">18,484,687</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">36,954,709</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 2pt; text-indent: 11.97pt"><FONT STYLE="font-size: 9pt"><SUP>7 </SUP>Shares authorized.</FONT></TD><TD STYLE="padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right"><FONT STYLE="font-size: 9pt">unlimited</FONT></TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right"><FONT STYLE="font-size: 9pt">200 million</FONT></TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right"><FONT STYLE="font-size: 9pt">200 million</FONT></TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right"><FONT STYLE="font-size: 9pt">unlimited</FONT></TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="17" STYLE="text-align: left; text-indent: 11.97pt">* Consolidated Statement of Assets and Liabilities.</TD></TR>
</TABLE>


</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: left;">
See Notes to Financial Statements.</P>
</DIV>

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<FONT color="#0000cc"><A NAME="a_008"></A>Statements of Operations</FONT></P>
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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">BlackRock</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">BlackRock</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">Floating</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">BlackRock</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">Diversified</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">Rate</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">BlackRock</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">Defined</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">Income</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">Income</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">Limited</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">Opportunity</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">Strategies</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">Strategies</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">Duration</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">Credit Trust</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">Fund, Inc.</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">Fund, Inc.</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" NOWRAP STYLE="font-weight: bold; text-align: center">Income Trust</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left">Year Ended August 31, 2012</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">(BHL)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center"><B>(DVF)<SUP>1</SUP></B></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center"><B>(FRA)<SUP>1</SUP></B></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center"><B>(BLW)<SUP>1</SUP></B></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="17" STYLE="color: #0000cc; font-weight: bold; text-align: left; border-bottom: rgb(57,76,165) 1pt solid; padding-left: 12pt; border-top: rgb(57,76,165) 2pt solid; background-color: rgb(227,227,239)">Investment Income</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 40%; text-align: left; text-indent: 0pt">Interest</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">10,070,715</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">10,897,301</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">22,407,052</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">54,822,830</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Dividends</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">12,386</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">249,704</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Dividends &mdash; affiliated</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">662</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">588</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,172</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">13,046</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: 0pt">Foreign taxes withheld</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(11,775</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: 0pt">Total income</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">10,083,763</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">10,897,889</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">22,408,224</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">55,073,805</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="17" STYLE="color: #0000cc; font-weight: bold; text-align: left; border-bottom: rgb(57,76,165) 1pt solid; padding-left: 12pt; border-top: rgb(57,76,165) 2pt solid; background-color: rgb(227,227,239)">Expenses</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Investment advisory</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,630,124</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,313,668</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,675,121</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,746,770</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Professional</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">71,991</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">252,378</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">229,090</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">214,552</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Borrowing costs<SUP>2</SUP></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">114,018</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">124,508</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">246,770</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Custodian</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">65,643</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">69,608</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">117,537</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">171,299</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Reorganization</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">214,181</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">161,485</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Accounting services</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">36,171</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">42,197</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">60,231</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">88,691</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Transfer agent</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">23,064</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">31,196</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">42,922</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">78,480</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Officer and Directors</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">14,191</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">15,155</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">30,636</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">62,988</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Printing</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">11,839</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">24,139</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">30,310</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">54,988</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Registration</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">9,248</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">9,319</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">9,329</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">12,720</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Miscellaneous</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">18,122</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">39,900</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">36,590</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">75,519</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Total expenses excluding interest expense</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,994,411</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,136,249</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,640,021</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5,506,007</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Interest expense</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">373,756</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">424,790</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">836,368</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,030,948</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Total expenses</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,368,167</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,561,039</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,476,389</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">6,536,955</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: 0pt">Less fees waived by Manager</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(375</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">)</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(311</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">)</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(667</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">)</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(2,198</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: 0pt">Total expenses after fees waived</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">2,367,792</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">2,560,728</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">4,475,722</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">6,534,757</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: 0pt">Net investment income</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">7,715,971</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">8,337,161</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">17,932,502</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">48,539,048</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="17" STYLE="color: #0000cc; font-weight: bold; text-align: left; border-bottom: rgb(57,76,165) 1pt solid; padding-left: 12pt; border-top: rgb(57,76,165) 2pt solid; background-color: rgb(227,227,239)">Realized and Unrealized Gain (Loss)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Net realized gain (loss) from:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 5.98pt">Investments</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(396,383</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(3,318,182</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(5,975,807</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(5,301,188</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 5.98pt">Financial futures contracts</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">84,892</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 5.98pt">Foreign currency transactions</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">758,136</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">644,462</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,023,045</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,549,362</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 5.98pt">Options written</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">276,020</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: 5.98pt">Swaps</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(20,125</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">)</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(21,400</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">)</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(44,658</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">)</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(316,054</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">341,628</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(2,695,120</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">)</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(4,997,420</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">)</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(1,706,968</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Net change in unrealized appreciation/depreciation on:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 5.98pt">Investments</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">7,850,460</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">11,188,847 </TD><TD STYLE="text-align: left"><SUP>3</SUP></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">21,890,847</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">34,983,027</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 5.98pt">Financial futures contracts</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(243,033</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 5.98pt">Foreign currency translations</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(105,573</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(85,016</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(163,496</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(577,233</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 5.98pt">Options written</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">366,780</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 5.98pt">Swaps</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(66,320</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(70,339</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(146,707</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(560,240</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: 5.98pt">Unfunded loan commitments</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">38,703</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">45,062</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">77,372</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">111,558</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">7,717,270</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">11,078,554</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">21,658,016</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">34,080,859</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: 0pt">Total realized and unrealized gain</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">8,058,898</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">8,383,434</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">16,660,596</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">32,373,891</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2pt; text-indent: 0pt">Net Increase in Net Assets Resulting <BR>
&nbsp;&nbsp;from Operations</TD><TD STYLE="padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">15,774,869</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">16,720,595</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">34,593,098</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">80,912,939</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD></TR>
</TABLE>

</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20pt"></TD><TD STYLE="width: 20pt; text-align: left"><SUP>1</SUP></TD><TD>Consolidated Statement of Operations.</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20pt"></TD><TD STYLE="width: 20pt; text-align: left"><SUP>2</SUP></TD><TD>See Note 6 of the Notes to Financial Statements for details
of short-term borrowings.</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20pt"></TD><TD STYLE="width: 20pt; text-align: left"><SUP>3</SUP></TD><TD>Net of income tax of &#36;104,609.</TD>
</TR></TABLE>
<P style="text-align: left;">
See Notes to Financial Statements.</P>
</DIV>

<!-- Field: Page; Sequence: 58; Value: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; padding-top: 6pt; padding-bottom: 12pt; border-top: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 9pt Arial, Helvetica, Sans-Serif"><TR><TD STYLE="text-align: left; width: 33%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->58<!-- Field: /Sequence --></TD><TD STYLE="text-align: center; width: 34%">ANNUAL REPORT</TD><TD STYLE="text-align: right; width: 33%">AUGUST 31, 2012</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->




<A name="page_59"></A><BR>

<a name="_bclPageBorder59"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<P STYLE="text-align: left; font-size: 14pt; border-top: rgb(57,76,165) 4pt solid">
<FONT color="#0000cc"><A NAME="a_009"></A>Statements of Changes in Net Assets</FONT></P>
<DIV align="left">
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="font-weight: bold; text-align: center">BlackRock Defined</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Opportunity Credit Trust (BHL)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Year Ended August 31,</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left">Increase (Decrease) in Net Assets:</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">2012</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">2011</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="color: #0000cc; font-weight: bold; text-align: left; border-bottom: rgb(57,76,165) 1pt solid; padding-left: 12pt; border-top: rgb(57,76,165) 2pt solid; background-color: rgb(227,227,239)">Operations</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 56%; text-align: left; text-indent: 0pt">Net investment income</TD><TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 12%; text-align: right">7,715,971</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 12%; text-align: right">7,713,890</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Net realized gain</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">341,628</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,153,352</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: 0pt">Net change in unrealized appreciation/depreciation</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">7,717,270</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(6,154,792</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Net increase in net assets resulting from operations</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">15,774,869</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">3,712,450</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="color: #0000cc; font-weight: bold; text-align: left; border-bottom: rgb(57,76,165) 1pt solid; padding-left: 12pt; border-top: rgb(57,76,165) 2pt solid; background-color: rgb(227,227,239)">Dividends to Shareholders From</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: 0pt">Net investment income</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(7,217,171</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">)</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(7,140,522</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="color: #0000cc; font-weight: bold; text-align: left; border-bottom: rgb(57,76,165) 1pt solid; padding-left: 12pt; border-top: rgb(57,76,165) 2pt solid; background-color: rgb(227,227,239)">Capital Share Transactions</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: 0pt">Reinvestment of dividends</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">263,352</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="color: #0000cc; font-weight: bold; text-align: left; border-bottom: rgb(57,76,165) 1pt solid; padding-left: 12pt; border-top: rgb(57,76,165) 2pt solid; background-color: rgb(227,227,239)">Net Assets</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Total increase (decrease) in net assets</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">8,557,698</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(3,164,720</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: 0pt">Beginning of year</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">118,896,895</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">122,061,615</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 2pt; text-indent: 0pt">End of year</TD><TD STYLE="padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">127,454,593</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">118,896,895</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 2pt; text-indent: 0pt">Undistributed net investment income</TD><TD STYLE="padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">1,539,340</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">316,267</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD></TR>
</TABLE>

</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: left;">
See Notes to Financial Statements.</P>
</DIV>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="text-align: left; font-size: 14pt; border-top: rgb(57,76,165) 4pt solid">
<FONT color="#0000cc">Statements of Changes in Net Assets</FONT></P>
<DIV align="left">
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="font-weight: bold; text-align: center">BlackRock Diversified</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Income Strategies Fund, Inc. (DVF)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Year Ended August 31,</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 56%; font-weight: bold; text-align: left; padding-bottom: 1pt; text-indent: 0pt">Increase (Decrease) in Net Assets:</TD><TD STYLE="width: 8%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; font-weight: bold; text-align: center; vertical-align: bottom">2012<SUP>1</SUP></TD><TD STYLE="width: 1%; font-weight: bold; text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="width: 8%; font-weight: bold; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="width: 12%; font-weight: bold; text-align: center; vertical-align: bottom">2011</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="color: #0000cc; font-weight: bold; text-align: left; border-bottom: rgb(57,76,165) 1pt solid; padding-left: 12pt; border-top: rgb(57,76,165) 2pt solid; background-color: rgb(227,227,239)">Operations</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Net investment income</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">8,337,161</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">9,340,837</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Net realized loss</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(2,695,120</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(3,171,498</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: 0pt">Net change in unrealized appreciation/depreciation</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">11,078,554</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(458,676</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Net increase in net assets resulting from operations</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">16,720,595</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">5,710,663</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="color: #0000cc; font-weight: bold; text-align: left; border-bottom: rgb(57,76,165) 1pt solid; padding-left: 12pt; border-top: rgb(57,76,165) 2pt solid; background-color: rgb(227,227,239)">Dividends and Distributions to Shareholders From</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Net investment income</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(8,705,562</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(8,509,258</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: 0pt">Tax return of capital</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(739,496</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: 0pt">Decrease in net assets resulting from dividends and <BR>
&nbsp;&nbsp;&nbsp;distributions to shareholders</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(8,705,562</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">)</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(9,248,754</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="color: #0000cc; font-weight: bold; text-align: left; border-bottom: rgb(57,76,165) 1pt solid; padding-left: 12pt; border-top: rgb(57,76,165) 2pt solid; background-color: rgb(227,227,239)">Capital Share Transactions</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Refund of offering costs previously charged to paid-in capital</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10,123</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: 0pt">Reinvestment of dividends</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">460,151</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: 0pt">Net increase in net assets derived from capital share transactions</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">10,123</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">460,151</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="color: #0000cc; font-weight: bold; text-align: left; border-bottom: rgb(57,76,165) 1pt solid; padding-left: 12pt; border-top: rgb(57,76,165) 2pt solid; background-color: rgb(227,227,239)">Net Assets</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Total increase (decrease) in net assets</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">8,025,156</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(3,077,940</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: 0pt">Beginning of year</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">126,306,758</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">129,384,698</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 2pt; text-indent: 0pt">End of year</TD><TD STYLE="padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">134,331,914</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">126,306,758</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 2pt; text-indent: 0pt">Distributions in excess of net investment income</TD><TD STYLE="padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">397,573</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">(252,833</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">)</TD></TR>
</TABLE>

</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20pt"></TD><TD STYLE="width: 20pt; text-align: left"><SUP>1</SUP></TD><TD>Consolidated Statement of Changes in Net Assets.</TD>
</TR></TABLE>
<P style="text-align: left;">
See Notes to Financial Statements.</P>
</DIV>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="text-align: left; font-size: 14pt; border-top: rgb(57,76,165) 4pt solid">
<FONT color="#0000cc">Statements of Changes in Net Assets</FONT></P>
<DIV align="left">
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="font-weight: bold; text-align: center; vertical-align: bottom">BlackRock Floating Rate</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; vertical-align: bottom">Income Strategies Fund, Inc. (FRA)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Year Ended August 31,</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 56%; font-weight: bold; text-align: left; padding-bottom: 1pt; text-indent: 0pt">Increase (Decrease) in Net Assets:</TD><TD STYLE="width: 8%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; border-bottom: Black 1pt solid; font-weight: bold; text-align: center; vertical-align: bottom">2012<SUP>1</SUP></TD><TD STYLE="width: 1%; border-bottom: Black 1pt solid; font-weight: bold; text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="width: 8%; font-weight: bold; border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; font-weight: bold; text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="width: 12%; border-bottom: Black 1pt solid; font-weight: bold; text-align: center; vertical-align: bottom">2011</TD><TD STYLE="width: 1%; border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="color: #0000cc; font-weight: bold; text-align: left; border-bottom: rgb(57,76,165) 1pt solid; padding-left: 12pt; border-top: rgb(57,76,165) 2pt solid; background-color: rgb(227,227,239)">Operations</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Net investment income</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">17,932,502</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">17,704,917</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Net realized gain (loss)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(4,997,420</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,197,485</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: 0pt">Net change in unrealized appreciation/depreciation</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">21,658,016</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(8,915,990</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Net increase in net assets resulting from operations</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">34,593,098</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">10,986,412</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="color: #0000cc; font-weight: bold; text-align: left; border-bottom: rgb(57,76,165) 1pt solid; padding-left: 12pt; border-top: rgb(57,76,165) 2pt solid; background-color: rgb(227,227,239)">Dividends and Distributions to Shareholders From</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Net investment income</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(17,066,400</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(15,965,641</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: 0pt">Tax return of capital</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(1,072,049</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Decrease in net assets resulting from dividends and <BR>
&nbsp;&nbsp;&nbsp;distributions to shareholders</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(17,066,400</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">)</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(17,037,690</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="color: #0000cc; font-weight: bold; text-align: left; border-bottom: rgb(57,76,165) 1pt solid; padding-left: 12pt; border-top: rgb(57,76,165) 2pt solid; background-color: rgb(227,227,239)">Capital Share Transactions</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: 0pt">Reinvestment of dividends</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">258,718</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">876,684</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="color: #0000cc; font-weight: bold; text-align: left; border-bottom: rgb(57,76,165) 1pt solid; padding-left: 12pt; border-top: rgb(57,76,165) 2pt solid; background-color: rgb(227,227,239)">Net Assets</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Total increase (decrease) in net assets</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">17,785,416</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(5,174,594</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: 0pt">Beginning of year</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">259,204,584</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">264,379,178</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: 0pt">End of year</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">276,990,000</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">259,204,584</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Undistributed (distributions in excess of) net investment income</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,633,469</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(138,319</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">)</TD></TR>
</TABLE>

</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20pt"></TD><TD STYLE="width: 20pt; text-align: left"><SUP>1</SUP></TD><TD>Consolidated Statement of Changes in Net Assets.</TD>
</TR></TABLE>
<P style="text-align: left;">
See Notes to Financial Statements.</P>
</DIV>

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    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; padding-top: 6pt; padding-bottom: 12pt; border-top: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 9pt Arial, Helvetica, Sans-Serif"><TR><TD STYLE="text-align: left; width: 33%">AUGUST 31, 2012</TD><TD STYLE="text-align: center; width: 34%">ANNUAL REPORT</TD><TD STYLE="text-align: right; width: 33%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->61<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->




<A name="page_62"></A><BR>

<a name="_bclPageBorder62"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<P STYLE="text-align: left; font-size: 14pt; border-top: rgb(57,76,165) 4pt solid">
<FONT color="#0000cc">Statements of Changes in Net Assets</FONT></P>
<DIV align="left">
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="font-weight: bold; text-align: center">BlackRock Limited Duration</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Income Trust (BLW)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Year Ended August 31,</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 56%; font-weight: bold; text-align: left; text-indent: 0pt">Increase (Decrease) in Net Assets:</TD><TD STYLE="width: 8%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; font-weight: bold; text-align: center; vertical-align: bottom">2012<SUP>1</SUP></TD><TD STYLE="width: 1%; font-weight: bold; text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="width: 8%; font-weight: bold; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="width: 12%; font-weight: bold; text-align: center; vertical-align: bottom">2011</TD><TD STYLE="width: 1%; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="color: #0000cc; font-weight: bold; text-align: left; border-bottom: rgb(57,76,165) 1pt solid; padding-left: 12pt; border-top: rgb(57,76,165) 2pt solid; background-color: rgb(227,227,239)">Operations</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Net investment income</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">48,539,048</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">49,530,733</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Net realized gain (loss)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1,706,968</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,272,761</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: 0pt">Net change in unrealized appreciation/depreciation</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">34,080,859</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(17,061,349</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Net increase in net assets resulting from operations</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">80,912,939</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">35,742,145</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="color: #0000cc; font-weight: bold; text-align: left; border-bottom: rgb(57,76,165) 1pt solid; padding-left: 12pt; border-top: rgb(57,76,165) 2pt solid; background-color: rgb(227,227,239)">Dividends to Shareholders From</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: 0pt">Net investment income</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(48,930,681</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">)</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(45,830,635</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="color: #0000cc; font-weight: bold; text-align: left; border-bottom: rgb(57,76,165) 1pt solid; padding-left: 12pt; border-top: rgb(57,76,165) 2pt solid; background-color: rgb(227,227,239)">Capital Share Transactions</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: 0pt">Reinvestment of dividends</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">591,363</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">524,981</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="color: #0000cc; font-weight: bold; text-align: left; border-bottom: rgb(57,76,165) 1pt solid; padding-left: 12pt; border-top: rgb(57,76,165) 2pt solid; background-color: rgb(227,227,239)">Net Assets</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Total increase (decrease) in net assets</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">32,573,621</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(9,563,509</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: 0pt">Beginning of year</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">609,817,661</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">619,381,170</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 2pt; text-indent: 0pt">End of year</TD><TD STYLE="padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">642,391,282</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">609,817,661</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 2pt">Undistributed net investment income</TD><TD STYLE="padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">6,920,831</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">4,392,851</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD></TR>
</TABLE>

</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20pt"></TD><TD STYLE="width: 20pt; text-align: left"><SUP>1</SUP></TD><TD>Consolidated Statement of Changes in Net Assets.</TD>
</TR></TABLE>
<P style="text-align: left;">
See Notes to Financial Statements.</P>
</DIV>

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<P STYLE="text-align: left; font-size: 14pt; border-top: rgb(57,76,165) 4pt solid">
<FONT color="#0000cc"><A NAME="a_010"></A>Statements of Cash Flows</FONT></P>
<DIV align="left"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width:
100%; font: 9pt Arial, Helvetica, Sans-Serif"> <TR STYLE="vertical-align: bottom"><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 9pt">BlackRock</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 9pt">BlackRock</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 9pt">BlackRock</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 9pt">Diversified</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 9pt">Floating Rate</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 9pt">BlackRock</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 9pt">Defined</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 9pt">Income</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 9pt">Income</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 9pt">Limited</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 9pt">Opportunity</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 9pt">Strategies</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 9pt">Strategies</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 9pt">Duration</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 9pt">Credit Trust</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 9pt">Fund, Inc.</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 9pt">Fund, Inc.</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 9pt">Income Trust</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-size: 9pt">Year Ended August 31, 2012</FONT></TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 9pt">(BHL)</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 9pt"><B>(DVF)<SUP>1</SUP></B></FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 9pt"><B>(FRA)<SUP>1</SUP></B></FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 9pt"><B>(BLW)<SUP>1</SUP></B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="16" STYLE="color: #0000cc; font-weight: bold; text-align: left; border-bottom: rgb(57,76,165) 1pt solid; padding-left: 12pt; border-top: rgb(57,76,165) 2pt solid; background-color: rgb(227,227,239)"><FONT STYLE="font-size: 9pt">Cash Used for Operating Activities</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 40%; text-align: left; text-indent: 0pt"><FONT STYLE="font-size: 9pt">Net increase in net assets resulting
    from operations</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 9pt">$</FONT></TD><TD STYLE="width: 10%; text-align: right"><FONT STYLE="font-size: 9pt">15,774,869</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="width: 3%"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 9pt">$</FONT></TD><TD STYLE="width: 10%; text-align: right"><FONT STYLE="font-size: 9pt">16,720,595</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="width: 3%"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 9pt">$</FONT></TD><TD STYLE="width: 10%; text-align: right"><FONT STYLE="font-size: 9pt">34,593,098</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="width: 3%"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 9pt">$</FONT></TD><TD STYLE="width: 10%; text-align: right"><FONT STYLE="font-size: 9pt">80,912,939</FONT></TD><TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt"><FONT STYLE="font-size: 9pt">Adjustments to reconcile net increase in net assets<BR>

    &nbsp;&nbsp;&nbsp;resulting from operations to net cash provided</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; vertical-align: bottom">&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 9pt">by operating activities:</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 11.97pt"><FONT STYLE="font-size: 9pt">Increase in interest receivable</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">(789,070</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">)</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">(685,661</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">)</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">(1,571,858</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">)</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">(2,150,320</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 11.97pt"><FONT STYLE="font-size: 9pt">Increase in swap receivable</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">(10,421</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 11.97pt"><FONT STYLE="font-size: 9pt">Decrease in dividends receivable &mdash; affiliated</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">623</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 11.97pt"><FONT STYLE="font-size: 9pt">Decrease in dividends receivable &mdash; unaffiliated</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">6,000</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 11.97pt"><FONT STYLE="font-size: 9pt">Increase in variation margin receivable.</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">(2,750</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 11.97pt"><FONT STYLE="font-size: 9pt">Increase in cash pledged as collateral for<BR>

    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;financial futures contracts.</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">(367,000</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 11.97pt"><FONT STYLE="font-size: 9pt">Decrease in cash pledged as collateral for<BR>

    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;reverse repurchase agreements</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">1,995,000</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 11.97pt"><FONT STYLE="font-size: 9pt">Increase in other assets</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">(31,866</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 11.97pt"><FONT STYLE="font-size: 9pt">Decrease in prepaid expenses</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">16,929</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">18,711</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">37,868</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">13,531</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 11.97pt"><FONT STYLE="font-size: 9pt">Increase in cash received as collateral for
    open <BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;reverse repurchase agreements</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">1,137,000</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 11.97pt"><FONT STYLE="font-size: 9pt">Increase in investment advisory fees payable</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">9,088</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">6,252</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">15,957</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">28,337</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 11.97pt"><FONT STYLE="font-size: 9pt">Increase (decrease) in interest expense payable</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">(10,496</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">)</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">(15,773</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">)</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">(71,892</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">)</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">75,332</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 11.97pt"><FONT STYLE="font-size: 9pt">Decrease in deferred income</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">(7,454</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">)</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">(6,757</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">)</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">(15,592</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">)</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 11.97pt"><FONT STYLE="font-size: 9pt">Increase (decrease) in other accrued expenses<BR>

    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;payable</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">(119,951</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">)</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">104,011</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">(12,168</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">)</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">(95,790</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 11.97pt"><FONT STYLE="font-size: 9pt">Increase in swaps payable</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">17,243</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">18,288</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">38,143</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">90,913</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 11.97pt"><FONT STYLE="font-size: 9pt">Increase in reorganization costs payable</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">214,181</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">161,485</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 11.97pt"><FONT STYLE="font-size: 9pt">Increase in Officer&rsquo;s and Directors&rsquo;
    fees payable</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">591</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">788</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">561</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">21,599</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt"><FONT STYLE="font-size: 9pt">Net periodic and termination payments of swaps</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">(115,781</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">)</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">(122,852</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">)</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">(256,260</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">)</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">(975,469</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt"><FONT STYLE="font-size: 9pt">Net realized and unrealized gain on investments</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">(7,300,762</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">)</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">(7,738,972</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">)</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">(15,637,551</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">)</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">(28,705,337</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt"><FONT STYLE="font-size: 9pt">Amortization of premium and accretion of discount
    <BR>
&nbsp;&nbsp;&nbsp;on investments</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">(827,806</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">)</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">(872,165</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">)</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">(1,955,799</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">)</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">(804,064</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">Premiums received from options written</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">75,600</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">Proceeds from sales of long-term investments</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">90,443,132</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">99,441,106</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">198,013,417</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">507,993,100</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">Purchases of long-term investments</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">(101,935,504</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">)</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">(109,238,340</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">)</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">(223,632,642</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">)</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">(564,903,314</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 9pt">Net proceeds from sales (purchases) of <BR>
&nbsp;&nbsp;&nbsp;short-term
    securities</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 9pt">(95,688</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 9pt">)</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 9pt">(1,177,221</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 9pt">)</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 9pt">3,617,330</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 9pt">2,906,511</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 9pt">Cash used for operating activities</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 9pt">(4,940,660</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 9pt">)</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 9pt">(3,333,809</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 9pt">)</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 9pt">(6,675,903</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 9pt">)</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 9pt">(2,789,846</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 9pt">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="16" STYLE="color: #0000cc; font-weight: bold; text-align: left; border-bottom: rgb(57,76,165) 1pt solid; padding-left: 12pt; border-top: rgb(57,76,165) 2pt solid; background-color: rgb(227,227,239)"><FONT STYLE="font-size: 9pt">Cash Provided by Financing Activities</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt"><FONT STYLE="font-size: 9pt">Refund of offering costs</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">10,123</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">&mdash;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt"><FONT STYLE="font-size: 9pt">Cash receipts from borrowings</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">98,200,000</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">82,000,000</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">157,000,000</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">208,660,129</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt"><FONT STYLE="font-size: 9pt">Cash payments on borrowings</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">(86,200,000</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">)</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">(69,000,000</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">)</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">(133,000,000</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">)</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">(157,312,071</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt"><FONT STYLE="font-size: 9pt">Cash dividends paid to shareholder</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">(7,203,200</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">)</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">(8,715,707</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">)</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">(16,911,851</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">)</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">(48,455,317</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: 0pt"><FONT STYLE="font-size: 9pt">Decrease in bank overdraft</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 9pt">&mdash;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 9pt">(1,044,731</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 9pt">)</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 9pt">(573,035</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 9pt">)</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 9pt">&mdash;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: 0pt"><FONT STYLE="font-size: 9pt">Cash provided by financing
    activities</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 9pt">4,796,800</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 9pt">3,249,685</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 9pt">6,515,114</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 9pt">2,892,741</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="16" STYLE="color: #0000cc; font-weight: bold; text-align: left; border-bottom: rgb(57,76,165) 1pt solid; padding-left: 12pt; border-top: rgb(57,76,165) 2pt solid; background-color: rgb(227,227,239)"><FONT STYLE="font-size: 9pt">Cash Impact from Foreign Exchange Fluctuations</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: 0pt"><FONT STYLE="font-size: 9pt">Cash impact from foreign
    exchange fluctuations</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 9pt">561</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 9pt">870</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 9pt">918</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 9pt">1,753</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="16" STYLE="color: #0000cc; font-weight: bold; text-align: left; border-bottom: rgb(57,76,165) 1pt solid; padding-left: 12pt; border-top: rgb(57,76,165) 2pt solid; background-color: rgb(227,227,239)"><FONT STYLE="font-size: 9pt">Cash and Foreign Currency</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: left; text-indent: 0pt"><FONT STYLE="font-size: 9pt">Net increase (decrease) in cash and foreign currency</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">(143,299</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">)</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">(83,254</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">)</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">(159,871</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">)</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">104,648</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: 0pt"><FONT STYLE="font-size: 9pt">Cash and foreign currency
    at beginning of year</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 9pt">155,591</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 9pt">136,682</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 9pt">237,166</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 9pt">259,951</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 2pt; text-indent: 0pt"><FONT STYLE="font-size: 9pt">Cash and foreign currency
    at end of year</FONT></TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left"><FONT STYLE="font-size: 9pt">$</FONT></TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right"><FONT STYLE="font-size: 9pt">12,292</FONT></TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2pt solid"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left"><FONT STYLE="font-size: 9pt">$</FONT></TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right"><FONT STYLE="font-size: 9pt">53,428</FONT></TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2pt solid"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left"><FONT STYLE="font-size: 9pt">$</FONT></TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right"><FONT STYLE="font-size: 9pt">77,295</FONT></TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2pt solid"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left"><FONT STYLE="font-size: 9pt">$</FONT></TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right"><FONT STYLE="font-size: 9pt">364,599</FONT></TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="16" STYLE="color: #0000cc; font-weight: bold; text-align: left; border-bottom: rgb(57,76,165) 1pt solid; padding-left: 12pt; border-top: rgb(57,76,165) 2pt solid; background-color: rgb(227,227,239)"><FONT STYLE="font-size: 9pt">Cash Flow Information</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 2pt; text-indent: 0pt"><FONT STYLE="font-size: 9pt">Cash paid during the year
    for interest</FONT></TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left"><FONT STYLE="font-size: 9pt">$</FONT></TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right"><FONT STYLE="font-size: 9pt">384,252</FONT></TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2pt solid"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left"><FONT STYLE="font-size: 9pt">$</FONT></TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right"><FONT STYLE="font-size: 9pt">440,563</FONT></TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2pt solid"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left"><FONT STYLE="font-size: 9pt">$</FONT></TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right"><FONT STYLE="font-size: 9pt">908,260</FONT></TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2pt solid"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left"><FONT STYLE="font-size: 9pt">$</FONT></TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right"><FONT STYLE="font-size: 9pt">955,616</FONT></TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="16" STYLE="color: #0000cc; font-weight: bold; text-align: left; border-bottom: rgb(57,76,165) 1pt solid; padding-left: 12pt; border-top: rgb(57,76,165) 2pt solid; background-color: rgb(227,227,239)"><FONT STYLE="font-size: 9pt">Non-cash Financing Activities</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 2pt; text-indent: 0pt"><FONT STYLE="font-size: 9pt">Capital shares issued in
    reinvestment of dividends</FONT></TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right"><FONT STYLE="font-size: 9pt">&mdash;</FONT></TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2pt solid"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right"><FONT STYLE="font-size: 9pt">&mdash;</FONT></TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2pt solid"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left"><FONT STYLE="font-size: 9pt">$</FONT></TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right"><FONT STYLE="font-size: 9pt">258,718</FONT></TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2pt solid"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left"><FONT STYLE="font-size: 9pt">$</FONT></TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right"><FONT STYLE="font-size: 9pt">591,363</FONT></TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
</TABLE>

</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20pt"></TD><TD STYLE="width: 20pt; text-align: left"><SUP>1</SUP></TD><TD>Consolidated Statement of Cash Flows.</TD>
</TR></TABLE>
<P STYLE="margin-top: 0; margin-bottom: 9pt; margin-left: 40pt; text-indent: 0pt">A Statement of Cash Flows is presented when
a Fund has a significant amount of borrowing during the year, based on the average borrowing outstanding in relation to average
total assets.</P>
<P style="text-align: left;">
See Notes to Financial Statements.</P>
</DIV>

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<A name="page_64"></A><BR>

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<DIV align="left">
<TABLE border=0 style="width:100%" cellspacing=0 cellpadding=0 style="font-family: 'Arial';font-size: 10pt;">
<TR valign="bottom">
<TD STYLE="text-align: left; font-size: 14pt; border-top: rgb(57,76,165) 4pt solid">
<FONT color="#0000cc"><A NAME="a_011"></A>Financial Highlights</FONT></TD>
<TD STYLE="border-top: rgb(57,75,165) 4pt solid; text-align: right; vertical-align: bottom; font-size: 8pt; color: #0000cc">
<B><FONT color="#0000cc">BlackRock Defined Opportunity Credit Trust (BHL)</FONT></B></TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<DIV align="left">
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: right"></TD><TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" ROWSPAN="5" STYLE="font-weight: bold; text-align: center"><B>Period<BR>
January 31,<BR>
2008<SUP>1</SUP><BR>
to August 31,<BR>
2008</B></TD>
    </TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left"></TD><TD>&nbsp;</TD>
    <TD COLSPAN="15" STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: right"></TD><TD>&nbsp;</TD>
    <TD COLSPAN="15" STYLE="text-align: center; vertical-align: bottom; border-bottom: Black 1pt solid"><B>Year Ended August 31,</B></TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; vertical-align: bottom"><B></B></TD>
    </TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; vertical-align: bottom"><B>2012</B></TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">2011</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">2010</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">2009</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center"></TD>
    </TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="21" STYLE="color: #0000cc; font-weight: bold; text-align: left; border-bottom: rgb(57,76,165) 1pt solid; padding-left: 12pt; border-top: rgb(57,76,165) 2pt solid; background-color: rgb(227,227,239)">Per Share Operating Performance</TD>
    </TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 40%; text-align: left; padding-bottom: 1pt; text-indent: 0pt">Net asset value, beginning of period</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="width: 6%; border-bottom: Black 1pt solid; text-align: right">13.17</TD><TD STYLE="width: 1%; border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="width: 2%; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="width: 6%; border-bottom: Black 1pt solid; text-align: right">13.55</TD><TD STYLE="width: 1%; border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="width: 2%; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="width: 6%; border-bottom: Black 1pt solid; text-align: right">12.53</TD><TD STYLE="width: 1%; border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="width: 2%; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="width: 6%; border-bottom: Black 1pt solid; text-align: right">14.31</TD><TD STYLE="width: 1%; border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="width: 2%; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="width: 6%; border-bottom: Black 1pt solid; text-align: right">14.33</TD><TD STYLE="width: 1%; border-bottom: Black 1pt solid; text-align: left"><SUP>2</SUP></TD>
    </TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0pt">Net investment income<SUP>3</SUP></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.85</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.86</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.85</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.87</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.47</TD><TD STYLE="text-align: left">&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: 0pt">Net realized and unrealized gain (loss)</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">0.90</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(0.45</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">)</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">0.87</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(1.55</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">)</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">0.21</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: 0pt">Net increase (decrease) from investment<BR>
 &nbsp;&nbsp;&nbsp;operations</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1.75</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">0.41</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1.72</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(0.68</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">)</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">0.68</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Dividends and distributions from:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;&nbsp;&nbsp;Net investment income</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(0.80</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(0.79</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(0.70</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1.09</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(0.62</TD><TD STYLE="text-align: left">)</TD>
    </TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt">&nbsp;&nbsp;&nbsp;Tax return of capital</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(0.01</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">)</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(0.06</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">)</TD>
    </TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Total dividends and distributions</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(0.80</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">)</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(0.79</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">)</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(0.70</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">)</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(1.10</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">)</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(0.68</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">)</TD>
    </TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Capital changes with respect to issuance <BR> &nbsp;&nbsp;&nbsp;of shares</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(0.02</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">)</TD>
    </TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 2pt">Net asset value, end of period</TD><TD STYLE="padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">14.12</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">13.17</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">13.55</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">12.53</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">14.31</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 2pt">Market price, end of period</TD><TD STYLE="padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">13.94</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">12.65</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">12.86</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">11.03</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">12.66</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 2pt">&nbsp;</TD><TD STYLE="padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="21" STYLE="color: #0000cc; font-weight: bold; text-align: left; border-bottom: rgb(57,76,165) 1pt solid; padding-left: 12pt; border-top: rgb(57,76,165) 2pt solid; background-color: rgb(227,227,239)"><FONT STYLE="color: #0000cc"><B>Total Investment Return<SUP>4</SUP></B></FONT></TD>
    </TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 2pt; text-indent: 0pt">Based on net asset value</TD><TD STYLE="padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">13.94%</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">2.93%</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">14.39%</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">(2.16</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">)%</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">4.79%</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left"><SUP>5</SUP></TD>
    </TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 2pt; text-indent: 0pt">Based on market price</TD><TD STYLE="padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">17.12%</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">4.17%</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">23.33%</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">(2.65</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">)%</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">(11.44)%</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left"><SUP>5</SUP></TD>
    </TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 2pt">&nbsp;</TD><TD STYLE="padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="21" STYLE="color: #0000cc; font-weight: bold; text-align: left; border-bottom: rgb(57,76,165) 1pt solid; padding-left: 12pt; border-top: rgb(57,76,165) 2pt solid; background-color: rgb(227,227,239)">Ratios to Average Net Assets</TD>
    </TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 2pt; text-indent: 0pt">Total expenses</TD><TD STYLE="padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">1.91%</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">2.02%</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">1.91%</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">2.39%</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">1.78%</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left"><SUP>6</SUP></TD>
    </TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 2pt; text-indent: 0pt">Total expenses after fees waived and <BR> &nbsp;&nbsp;&nbsp;paid indirectly</TD><TD STYLE="padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">1.91%</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">2.02%</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">1.90%</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">2.39%</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">1.78%</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left"><SUP>6</SUP></TD>
    </TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 2pt; text-indent: 0pt">Total expenses after fees waived and paid<BR> &nbsp;&nbsp;&nbsp;indirectly and excluding interest expense</TD><TD STYLE="padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">1.61%</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left"><SUP>7</SUP></TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">1.71%</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">1.65%</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">1.94%</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">1.48%</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left"><SUP>6</SUP></TD>
    </TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 2pt; text-indent: 0pt">Net investment income</TD><TD STYLE="padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">6.24%</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">6.10%</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">6.40%</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">8.11%</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">5.52%</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left"><SUP>6</SUP></TD>
    </TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 2pt">&nbsp;</TD><TD STYLE="padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="21" STYLE="color: #0000cc; font-weight: bold; text-align: left; border-bottom: rgb(57,76,165) 1pt solid; padding-left: 12pt; border-top: rgb(57,76,165) 2pt solid; background-color: rgb(227,227,239)">Supplemental Data</TD>
    </TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 2pt; text-indent: 0pt">Net assets, end of period (000)</TD><TD STYLE="padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">127,455</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">118,897</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">122,062</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">112,862</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">127,695</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 2pt; text-indent: 0pt">Borrowings outstanding, end of period (000)</TD><TD STYLE="padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">55,000</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">43,000</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">24,000</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">27,000</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">38,500</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 2pt; text-indent: 0pt">Average borrowings outstanding, during the<BR> &nbsp;&nbsp;&nbsp;period (000)</TD><TD STYLE="padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">39,077</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">36,369</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">24,633</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">31,141</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">13,788</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 2pt; text-indent: 0pt">Portfolio turnover</TD><TD STYLE="padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">53%</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">91%</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">102%</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">41%</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">18%</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 2pt; text-indent: 0pt">Asset coverage, end of period per $1,000</TD><TD STYLE="padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">3,317</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">3,765</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">6,086</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">5,180</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">4,317</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD>
    </TR>
</TABLE>

</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20pt"></TD><TD STYLE="width: 20pt; text-align: left"><SUP>1</SUP></TD><TD>Commencement of operations.</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20pt"></TD><TD STYLE="width: 20pt; text-align: left"><SUP>2</SUP></TD><TD>Net asset value, beginning of period, reflects a deduction
of &#36;0.675 per share sales charge from initial offering price of &#36;15.00 per share.</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20pt"></TD><TD STYLE="width: 20pt; text-align: left"><SUP>3</SUP></TD><TD>Based on average shares outstanding.</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20pt"></TD><TD STYLE="width: 20pt; text-align: left"><SUP>4</SUP></TD><TD>Total investment returns based on market value, which
can be significantly greater or lesser than the net asset value, may result in substantially different returns. Where applicable,
total investment returns exclude the effects of any sales charges and include the reinvestment of dividends and distributions.</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20pt"></TD><TD STYLE="width: 20pt; text-align: left"><SUP>5</SUP></TD><TD>Aggregate total investment return.</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20pt"></TD><TD STYLE="width: 20pt; text-align: left"><SUP>6</SUP></TD><TD>Annualized.</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20pt"></TD><TD STYLE="width: 20pt; text-align: left"><SUP>7</SUP></TD><TD>For the year ended August 31, 2012, the total expense
ratio after fees waived and paid indirectly and excluding interest expense and borrowing costs was 1.52%.</TD>
</TR></TABLE>
<P style="text-align: left;">
See Notes to Financial Statements.</P>
</DIV>

<!-- Field: Page; Sequence: 64; Value: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; padding-top: 6pt; padding-bottom: 12pt; border-top: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 9pt Arial, Helvetica, Sans-Serif"><TR><TD STYLE="text-align: left; width: 33%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->64<!-- Field: /Sequence --></TD><TD STYLE="text-align: center; width: 34%">ANNUAL REPORT</TD><TD STYLE="text-align: right; width: 33%">AUGUST 31, 2012</TD></TR></TABLE></DIV>
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<DIV align="left">
<TABLE border=0 style="width:100%" cellspacing=0 cellpadding=0 style="font-family: 'Arial';font-size: 10pt;">
<TR valign="bottom">
<TD STYLE="text-align: left; font-size: 14pt; border-top: rgb(57,76,165) 4pt solid">
<FONT color="#0000cc">Financial Highlights</FONT></TD>
<TD STYLE="border-top: rgb(57,75,165) 4pt solid; text-align: right; vertical-align: bottom; font-size: 8pt; color: #0000cc">
<B><FONT color="#0000cc">BlackRock Diversified Income Strategies Fund, Inc. (DVF)</FONT></B></TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<DIV align="left">
<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial">
<TR valign="bottom">
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD COLSPAN="16" STYLE="text-align: center; border-bottom: #000000 1px solid; vertical-align: bottom"><B>Year Ended August 31,</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: center; vertical-align: bottom">
<B>2012</B><B><SUP>1</SUP></B></TD>
	<TD STYLE="text-align: center; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: center; vertical-align: bottom">
<B>2011</B></TD>
	<TD STYLE="text-align: center; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: center; vertical-align: bottom">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: center; vertical-align: bottom">
<B>2010</B></TD>
	<TD STYLE="text-align: center; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: center; vertical-align: bottom">
<B>2009</B></TD>
	<TD STYLE="text-align: center; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: center; vertical-align: bottom">
<B>2008</B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD COLSPAN="17" STYLE="color: #0000cc; font-weight: bold; text-align: left; border-bottom: rgb(57,76,165) 1pt solid; padding-left: 12pt; border-top: rgb(57,76,165) 2pt solid; background-color: rgb(227,227,239)"><B><FONT STYLE="color: #0000cc">Per Share Operating Performance</FONT></B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt; width: 39%">
Net asset value, beginning of year</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom; width: 2%">
&#36;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; width: 9%">
10.19</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; width: 2%">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom; width: 2%">
&#36;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; width: 7%">
10.47</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; width: 2%">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; width: 2%">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 0pt; width: 2%">
&#36;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; width: 5%">
8.74</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; width: 2%">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom; width: 2%">
&#36;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; width: 5%">
13.94</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; width: 2%">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom; width: 2%">
&#36;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid; width: 6%">
17.50</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; width: 2%">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt">
Net investment income <SUP>2</SUP></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right">
0.67</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right">
0.75</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right">
0.80</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right">
1.06</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right">
1.61</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt">
Net realized and unrealized gain (loss)</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid">
0.67</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid">
(0.28</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
)</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid">
1.78</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid">
(4.88</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
)</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid">
(3.41</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
)</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt">
Net increase (decrease) from investment<BR>
 &nbsp;&nbsp;&nbsp;operations</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid">
1.34</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid">
0.47</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid">
2.58</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid">
(3.82</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
)</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid">
(1.80</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
)</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt">
Dividends and distributions from:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;&nbsp;&nbsp;Net investment income</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right">
(0.70</TD>
	<TD STYLE="text-align: left">
)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right">
(0.69</TD>
	<TD STYLE="text-align: left">
)</TD>
	<TD STYLE="text-align: right">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right">
(0.80</TD>
	<TD STYLE="text-align: left">
)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right">
(1.14</TD>
	<TD STYLE="text-align: left">
)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right">
(1.72</TD>
	<TD STYLE="text-align: left">
)</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;&nbsp;&nbsp;Tax return of capital</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid">
&#151;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid">
(0.06</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
)</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid">
(0.05</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
)</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid">
(0.24</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
)</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid">
(0.04</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
)</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt">
Total dividends and distributions</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid">
(0.70</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
)</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid">
(0.75</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
)</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid">
(0.85</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
)</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid">
(1.38</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
)</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid">
(1.76</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
)</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt; padding-bottom: 2pt">
Net asset value, end of year</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
10.83</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
10.19</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid; text-indent: 0pt">
&#36;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
10.47</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
8.74</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
13.94</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; padding-bottom: 2pt; text-indent: 0pt">
Market price, end of year</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
10.54</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
9.84</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">
&#36;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
10.45</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
8.80</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
12.77</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">
&nbsp;</TD>
</TR>
<TR>
	<TD COLSPAN="17">
&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD COLSPAN="17" STYLE="color: #0000cc; font-weight: bold; text-align: left; border-bottom: rgb(57,76,165) 1pt solid; padding-left: 12pt; border-top: rgb(57,76,165) 2pt solid; background-color: rgb(227,227,239)"><B><FONT STYLE="color: #0000cc">Total Investment Return </FONT></B><B><SUP><FONT STYLE="color: #0000cc">3</FONT></SUP></B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt; padding-bottom: 2pt">
Based on net asset value</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
14.08%</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
4.30%</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: Black 2pt solid">
30.27%</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
(23.82)%</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
(10.17)%</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">
</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; padding-bottom: 2pt; text-indent: 0pt">
Based on market price</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
14.97%</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
0.91%</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: Black 2pt solid">
29.13%</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
(16.27)%</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid; vertical-align: bottom">
&nbsp;&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
(16.08)%</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">&nbsp;</TD>
</TR>
<TR>
	<TD COLSPAN="17">
&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD COLSPAN="17" STYLE="color: #0000cc; font-weight: bold; text-align: left; border-bottom: rgb(57,76,165) 1pt solid; padding-left: 12pt; border-top: rgb(57,76,165) 2pt solid; background-color: rgb(227,227,239)"><B>Ratios to Average Net Assets</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt; padding-bottom: 2pt">
Total expenses</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
1.96%</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">
 <SUP>4</SUP></TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
1.74%</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: Black 2pt solid">
1.53%</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
2.47%</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid; vertical-align: bottom">
&nbsp;&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
2.77%</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; padding-bottom: 2pt">
Total expenses after fees waived and paid<BR>
 &nbsp;&nbsp;&nbsp;indirectly</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
1.96%</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">
 <SUP>4</SUP></TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
1.74%</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: Black 2pt solid">
1.53%</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
2.47%</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid; vertical-align: bottom">
&nbsp;&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
2.77%</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; padding-bottom: 2pt">
Total expenses after fees waived and paid<BR>
 &nbsp;&nbsp;&nbsp;indirectly and excluding interest expense</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
1.64%</TD>
	<TD NOWRAP STYLE="text-align: left; border-bottom: Black 2pt solid">
 <SUP>4,5</SUP></TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
1.39%</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: Black 2pt solid">
1.26%</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
1.57%</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
1.23%</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; padding-bottom: 2pt">
Net investment income</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
6.39%</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
6.99%</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: Black 2pt solid">
7.86%</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
13.63%</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
10.40%</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">&nbsp;</TD>
</TR>
<TR>
	<TD COLSPAN="17">
&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD COLSPAN="17" STYLE="color: #0000cc; font-weight: bold; text-align: left; border-bottom: rgb(57,76,165) 1pt solid; padding-left: 12pt; border-top: rgb(57,76,165) 2pt solid; background-color: rgb(227,227,239)"><B><FONT STYLE="color: #0000cc">Supplemental Data</FONT></B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt; padding-bottom: 2pt">
Net assets, end of year (000)</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
134,332</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
126,307</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">&nbsp;</TD>
	<TD STYLE="border-bottom: Black 2pt solid; text-align: left; vertical-align: bottom">$</TD>
 <TD STYLE="border-bottom: Black 2pt solid; text-align: right">129,385</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
107,556</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
169,707</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt; padding-bottom: 2pt">
Borrowings outstanding, end of year (000)</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
60,000</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
47,000</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">&nbsp;</TD>
	<TD STYLE="border-bottom: Black 2pt solid; text-align: left; vertical-align: bottom">$</TD>
 <TD STYLE="border-bottom: Black 2pt solid; text-align: right">29,000</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
18,000</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
65,500</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt; padding-bottom: 2pt">
Average borrowings outstanding, during the <BR>
&nbsp;&nbsp;&nbsp;year (000)</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
44,803</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
43,553</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">&nbsp;</TD>
	<TD STYLE="border-bottom: Black 2pt solid; text-align: left; vertical-align: bottom">$</TD>
 <TD STYLE="border-bottom: Black 2pt solid; text-align: right">25,074</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
28,247</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
64,335</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt; padding-bottom: 2pt">
Portfolio turnover</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
53%</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
93%</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
105%</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
45%</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
41%</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt; padding-bottom: 2pt">
Asset coverage, end of year per &#36;1,000</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
3,239</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
3,687</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid; text-indent: 0pt">
&#36;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
5,462</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
6,975</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
3,591</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">
&nbsp;</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20pt"></TD><TD STYLE="width: 20pt; text-align: left"><SUP>1</SUP></TD><TD>Consolidated Financial Highlights.</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20pt"></TD><TD STYLE="width: 20pt; text-align: left"><SUP>2</SUP></TD><TD>Based on average shares outstanding.</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20pt"></TD><TD STYLE="width: 20pt; text-align: left"><SUP>3</SUP></TD><TD>Total investment returns based on market value, which
can be significantly greater or lesser than the net asset value, may result in substantially different returns. Where applicable,
total investment returns exclude the effects of any sales charges and include the reinvestment of dividends and distributions.</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20pt"></TD><TD STYLE="width: 20pt; text-align: left"><SUP>4</SUP></TD><TD>Includes reorganization costs associated with the Fund&#146;s
merger. Without these costs, total expenses, total expenses after fees waived and paid indirectly, and total expenses after fees
waived and paid indirectly and excluding interest expense would have been 1.80%, 1.80%, and 1.47%, respectively.</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20pt"></TD><TD STYLE="width: 20pt; text-align: left"><SUP>5</SUP></TD><TD>For the year ended August 31, 2012, the total expense
ratio after fees waived and paid indirectly and excluding interest expense and borrowing costs was 1.54%.</TD>
</TR></TABLE>
<P style="text-align: left;">
See Notes to Financial Statements.</P>
</DIV>

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<TABLE border=0 style="width:100%" cellspacing=0 cellpadding=0 style="font-family: 'Arial';font-size: 10pt;">
<TR valign="bottom">
<TD STYLE="text-align: left; font-size: 14pt; border-top: rgb(57,76,165) 4pt solid">
<FONT color="#0000cc">Financial Highlights</FONT></TD>
<TD STYLE="border-top: rgb(57,75,165) 4pt solid; text-align: right; vertical-align: bottom; font-size: 8pt; color: #0000cc">
<B><FONT color="#0000cc">BlackRock Floating Rate Income Strategies Fund, Inc (FRA)</FONT></B></TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<DIV align="left">
<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial">
<TR valign="bottom">
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD COLSPAN="8" STYLE="text-align: right; border-bottom: #000000 1px solid">
<B>Year Ended August 31,</B></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: center; vertical-align: bottom">
<B>2012</B><B><SUP>1</SUP></B></TD>
	<TD STYLE="text-align: center; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: center; vertical-align: bottom">
<B>2011</B></TD>
	<TD STYLE="text-align: center; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: center; vertical-align: bottom">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: center; vertical-align: bottom">
<B>2010</B></TD>
	<TD STYLE="text-align: center; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: center; vertical-align: bottom">
<B>2009</B></TD>
	<TD STYLE="text-align: center; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: center; vertical-align: bottom">
<B>2008</B></TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD COLSPAN="17" STYLE="color: #0000cc; font-weight: bold; text-align: left; border-bottom: rgb(57,76,165) 1pt solid; padding-left: 12pt; border-top: rgb(57,76,165) 2pt solid; background-color: rgb(227,227,239)">.<B><FONT STYLE="color: #0000cc">Per Share Operating Performance</FONT></B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; width: 39%; text-indent: 0pt">
Net asset value, beginning of year</TD>
	<TD STYLE="width: 2%; text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right; width: 9%; border-bottom: #000000 1px solid">
14.04</TD>
	<TD STYLE="text-align: left; width: 2%; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="width: 2%; text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right; width: 7%; border-bottom: #000000 1px solid">
14.36</TD>
	<TD STYLE="text-align: left; width: 2%; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: right; width: 2%; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="width: 2%; text-align: left; border-bottom: #000000 1px solid; text-indent: 0pt; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right; width: 5%; border-bottom: #000000 1px solid">
12.93</TD>
	<TD STYLE="text-align: left; width: 2%; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="width: 2%; text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right; width: 5%; border-bottom: #000000 1px solid">
16.12</TD>
	<TD STYLE="text-align: left; width: 2%; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="width: 2%; text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right; width: 6%; border-bottom: #000000 1px solid">
18.25</TD>
	<TD STYLE="text-align: left; width: 2%; border-bottom: #000000 1px solid">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt">
Net investment income<SUP>2</SUP></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right">
0.97</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right">
0.96</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right">
&nbsp;</TD>
	<TD STYLE="width: 2%; text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; width: 5%">
0.91</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right">
1.14</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right">
1.45</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt">
Net realized and unrealized gain (loss)</TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid">
0.90</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid">
(0.36</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
)</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="width: 2%; text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; width: 5%; border-bottom: #000000 1px solid">
1.48</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid">
(3.04</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
)</TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid">
(2.03</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
)</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt">
Net increase (decrease) from investment<BR>
 &nbsp;&nbsp;&nbsp;operations</TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid">
1.87</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid">
0.60</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="width: 2%; text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; width: 5%; border-bottom: #000000 1px solid">
2.39</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid">
(1.90</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
)</TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid">
(0.58</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
)</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt">
Dividends and distributions from:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: right">
&nbsp;</TD>
	<TD STYLE="width: 2%; text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; width: 5%">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;&nbsp;&nbsp;Net investment income</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right">
(0.93</TD>
	<TD STYLE="text-align: left">
)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right">
(0.86</TD>
	<TD STYLE="text-align: left">
)</TD>
	<TD STYLE="text-align: right">
&nbsp;</TD>
	<TD STYLE="width: 2%; text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; width: 5%">
(0.94</TD>
	<TD STYLE="text-align: left">
)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right">
(1.29</TD>
	<TD STYLE="text-align: left">
)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right">
(1.55</TD>
	<TD STYLE="text-align: left">
)</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;&nbsp;&nbsp;Tax return of capital</TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid">
&#151;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid">
(0.06</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
)</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="width: 2%; text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; width: 5%; border-bottom: #000000 1px solid">
(0.02</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
)</TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid">
&#151;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid">
&#151;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt">
Total dividends and distributions</TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid">
(0.93</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
)</TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid">
(0.92</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
)</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="width: 2%; text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; width: 5%; border-bottom: #000000 1px solid">
(0.96</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
)</TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid">
(1.29</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
)</TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid">
(1.55</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
)</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt; padding-bottom: 2pt">
Net asset value, end of year</TD>
	<TD STYLE="border-bottom: Black 2pt solid; text-align: left; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
14.98</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">
&nbsp;</TD>
	<TD STYLE="border-bottom: Black 2pt solid; text-align: left; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
14.04</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
&nbsp;</TD>
	<TD STYLE="width: 2%; text-align: left; border-bottom: Black 2pt solid; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right; width: 5%; border-bottom: Black 2pt solid">
14.36</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">
&nbsp;</TD>
	<TD STYLE="border-bottom: Black 2pt solid; text-align: left; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
12.93</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">
&nbsp;</TD>
	<TD STYLE="border-bottom: Black 2pt solid; text-align: left; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
16.12</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; padding-bottom: 2pt; text-indent: 0pt">
Market price, end of year</TD>
	<TD STYLE="border-bottom: Black 2pt solid; text-align: left; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
15.20</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">
&nbsp;</TD>
	<TD STYLE="border-bottom: Black 2pt solid; text-align: left; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
13.33</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
&nbsp;</TD>
	<TD STYLE="width: 2%; text-align: left; border-bottom: Black 2pt solid; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right; width: 5%; border-bottom: Black 2pt solid">
14.61</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">
&nbsp;</TD>
	<TD STYLE="border-bottom: Black 2pt solid; text-align: left; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
12.26</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">
&nbsp;</TD>
	<TD STYLE="border-bottom: Black 2pt solid; text-align: left; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
14.49</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">
&nbsp;</TD>
</TR>
<TR>
	<TD COLSPAN="17">
&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD COLSPAN="17" STYLE="color: #0000cc; font-weight: bold; text-align: left; border-bottom: rgb(57,76,165) 1pt solid; padding-left: 12pt; border-top: rgb(57,76,165) 2pt solid; background-color: rgb(227,227,239)"><B><FONT STYLE="color: #0000cc">Total Investment Return </FONT></B><B><SUP><FONT STYLE="color: #0000cc">3</FONT></SUP></B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt; padding-bottom: 2pt">
Based on net asset value</TD>
	<TD STYLE="border-bottom: Black 2pt solid; text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
13.91%</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">&nbsp;</TD>
	<TD STYLE="border-bottom: Black 2pt solid; text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
4.04%</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: Black 2pt solid">
18.91%</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">&nbsp;</TD>
	<TD STYLE="border-bottom: Black 2pt solid; text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
(8.88)%</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">&nbsp;</TD>
	<TD STYLE="border-bottom: Black 2pt solid; text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
(2.56)%</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; padding-bottom: 2pt; text-indent: 0pt">
Based on market price</TD>
	<TD STYLE="border-bottom: Black 2pt solid; text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
21.74%</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">&nbsp;</TD>
	<TD STYLE="border-bottom: Black 2pt solid; text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
(2.91)%</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: Black 2pt solid">
27.59%</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">&nbsp;</TD>
	<TD STYLE="border-bottom: Black 2pt solid; text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
(3.88)%</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">&nbsp;</TD>
	<TD STYLE="border-bottom: Black 2pt solid; text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
(4.28)%</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">&nbsp;</TD>
</TR>
<TR>
	<TD COLSPAN="17">
&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD COLSPAN="17" STYLE="color: #0000cc; font-weight: bold; text-align: left; border-bottom: rgb(57,76,165) 1pt solid; padding-left: 12pt; border-top: rgb(57,76,165) 2pt solid; background-color: rgb(227,227,239)"><B><FONT STYLE="color: #0000cc">Ratios to Average Net Assets</FONT></B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt; padding-bottom: 2pt">
Total expenses</TD>
	<TD STYLE="border-bottom: Black 2pt solid; text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
1.67%</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">
 <SUP>4</SUP></TD>
	<TD STYLE="border-bottom: Black 2pt solid; text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
1.60%</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: Black 2pt solid">
1.45%</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">&nbsp;</TD>
	<TD STYLE="border-bottom: Black 2pt solid; text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
1.96</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">&nbsp;</TD>
	<TD STYLE="border-bottom: Black 2pt solid; text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
2.61%</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; padding-bottom: 2pt">
Total expenses after fees waived and paid<BR>
 &nbsp;&nbsp;&nbsp;indirectly</TD>
	<TD STYLE="border-bottom: Black 2pt solid; text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
1.67%</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">
 <SUP>4</SUP></TD>
	<TD STYLE="border-bottom: Black 2pt solid; text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
1.60%</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: Black 2pt solid">
1.45%</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">&nbsp;</TD>
	<TD STYLE="border-bottom: Black 2pt solid; text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
1.96</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">&nbsp;</TD>
	<TD STYLE="border-bottom: Black 2pt solid; text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
2.60%</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; padding-bottom: 2pt">
Total expenses after fees waived and paid<BR>
 &nbsp;&nbsp;&nbsp;indirectly and excluding interest expense</TD>
	<TD STYLE="border-bottom: Black 2pt solid; text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
1.35%</TD>
	<TD NOWRAP STYLE="text-align: left; border-bottom: Black 2pt solid">
 <SUP>4,5</SUP></TD>
	<TD STYLE="border-bottom: Black 2pt solid; text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
1.30%</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: Black 2pt solid">
1.22%</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">&nbsp;</TD>
	<TD STYLE="border-bottom: Black 2pt solid; text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
1.31</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">&nbsp;</TD>
	<TD STYLE="border-bottom: Black 2pt solid; text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
1.18%</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; padding-bottom: 2pt">
Net investment income</TD>
	<TD STYLE="border-bottom: Black 2pt solid; text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
6.67%</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">&nbsp;</TD>
	<TD STYLE="border-bottom: Black 2pt solid; text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
6.44%</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: Black 2pt solid">
6.43%</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">&nbsp;</TD>
	<TD STYLE="border-bottom: Black 2pt solid; text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
10.18</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">&nbsp;</TD>
	<TD STYLE="border-bottom: Black 2pt solid; text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
8.49%</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">&nbsp;</TD>
</TR>
<TR>
	<TD COLSPAN="17">
&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD COLSPAN="17" STYLE="color: #0000cc; font-weight: bold; text-align: left; border-bottom: rgb(57,76,165) 1pt solid; padding-left: 12pt; border-top: rgb(57,76,165) 2pt solid; background-color: rgb(227,227,239)"><B><FONT STYLE="color: #0000cc">Supplemental Data</FONT></B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt; padding-bottom: 2pt">
Net assets, end of year (000)</TD>
	<TD STYLE="border-bottom: Black 2pt solid; text-align: left; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
276,990</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">
&nbsp;</TD>
	<TD STYLE="border-bottom: Black 2pt solid; text-align: left; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
259,205</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">&nbsp;</TD>
	<TD STYLE="width: 7%; text-align: left; border-bottom: Black 2pt solid; vertical-align: bottom">$ </TD>
 <TD STYLE="text-align: right; width: 7%; border-bottom: Black 2pt solid">264,379</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">
&nbsp;</TD>
	<TD STYLE="border-bottom: Black 2pt solid; text-align: left; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
237,160</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">
&nbsp;</TD>
	<TD STYLE="border-bottom: Black 2pt solid; text-align: left; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
295,005</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt; padding-bottom: 2pt">
Borrowings outstanding, end of year (000)</TD>
	<TD STYLE="border-bottom: Black 2pt solid; text-align: left; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
117,000</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">
&nbsp;</TD>
	<TD STYLE="border-bottom: Black 2pt solid; text-align: left; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
93,000</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">&nbsp;</TD>
	<TD STYLE="width: 7%; text-align: left; border-bottom: Black 2pt solid; vertical-align: bottom">$ </TD>
 <TD STYLE="text-align: right; width: 7%; border-bottom: Black 2pt solid">53,000</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">
&nbsp;</TD>
	<TD STYLE="border-bottom: Black 2pt solid; text-align: left; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
38,000</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">
&nbsp;</TD>
	<TD STYLE="border-bottom: Black 2pt solid; text-align: left; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
101,500</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt; padding-bottom: 2pt">
Average borrowings outstanding, during the<BR>
 &nbsp;&nbsp;&nbsp;year (000)</TD>
	<TD STYLE="border-bottom: Black 2pt solid; text-align: left; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
88,197</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">
&nbsp;</TD>
	<TD STYLE="border-bottom: Black 2pt solid; text-align: left; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
79,195</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">&nbsp;</TD>
	<TD STYLE="width: 7%; text-align: left; border-bottom: Black 2pt solid; vertical-align: bottom">$ </TD>
 <TD STYLE="text-align: right; width: 7%; border-bottom: Black 2pt solid">48,258</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">
&nbsp;</TD>
	<TD STYLE="border-bottom: Black 2pt solid; text-align: left; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
50,591</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">
&nbsp;</TD>
	<TD STYLE="border-bottom: Black 2pt solid; text-align: left; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
102,272</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt; padding-bottom: 2pt">
Portfolio turnover</TD>
	<TD STYLE="border-bottom: Black 2pt solid; text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
53%</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">&nbsp;</TD>
	<TD STYLE="border-bottom: Black 2pt solid; text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
91%</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
&nbsp;</TD>
	<TD STYLE="width: 2%; text-align: left; border-bottom: Black 2pt solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; width: 5%; border-bottom: Black 2pt solid">
96%</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">&nbsp;</TD>
	<TD STYLE="border-bottom: Black 2pt solid; text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
58</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">&nbsp;</TD>
	<TD STYLE="border-bottom: Black 2pt solid; text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
49%</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt; padding-bottom: 2pt">
Asset coverage, end of year per &#36;1,000</TD>
	<TD STYLE="border-bottom: Black 2pt solid; text-align: left; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
3,367</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">
&nbsp;</TD>
	<TD STYLE="border-bottom: Black 2pt solid; text-align: left; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
3,787</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
&nbsp;</TD>
	<TD STYLE="width: 2%; text-align: left; border-bottom: Black 2pt solid; text-indent: 0pt; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right; width: 5%; border-bottom: Black 2pt solid">
5,988</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">
&nbsp;</TD>
	<TD STYLE="border-bottom: Black 2pt solid; text-align: left; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
7,241</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">
&nbsp;</TD>
	<TD STYLE="border-bottom: Black 2pt solid; text-align: left; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
3,906</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">
&nbsp;</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20pt"></TD><TD STYLE="width: 20pt; text-align: left"><SUP>1</SUP></TD><TD>Consolidated Financial Highlights.</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20pt"></TD><TD STYLE="width: 20pt; text-align: left"><SUP>2</SUP></TD><TD>Based on average shares outstanding.</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20pt"></TD><TD STYLE="width: 20pt; text-align: left"><SUP>3</SUP></TD><TD>Total investment returns based on market value, which
can be significantly greater or lesser than the net asset value, may result in substantially different returns. Where applicable,
total investment returns exclude the effects of any sales charges and include the reinvestment of dividends and distributions.</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20pt"></TD><TD STYLE="width: 20pt; text-align: left"><SUP>4</SUP></TD><TD>Includes reorganization costs associated with the Fund&#146;s
merger. Without these costs, total expenses, total expenses after fees waived and paid indirectly, and total expenses after fees
waived and paid indirectly and excluding interest expense would have been 1.61%, 1.61%, and 1.29%, respectively.</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20pt"></TD><TD STYLE="width: 20pt; text-align: left"><SUP>5</SUP></TD><TD>For the year ended August 31, 2012, the total expense
ratio after fees waived and paid indirectly and excluding interest expense and borrowing costs was 1.26%.</TD>
</TR></TABLE>
<P style="text-align: left;">
See Notes to Financial Statements.</P>
</DIV>

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<TABLE border=0 style="width:100%" cellspacing=0 cellpadding=0 style="font-family: 'Arial';font-size: 10pt;">
<TR valign="bottom">
<TD STYLE="text-align: left; font-size: 14pt; border-top: rgb(57,76,165) 4pt solid">
<FONT color="#0000cc">Financial Highlights</FONT></TD>
<TD STYLE="border-top: rgb(57,75,165) 4pt solid; text-align: right; vertical-align: bottom; font-size: 8pt; color: #0000cc">
<B><FONT color="#0000cc">BlackRock Limited Duration Income Trust (BLW)</FONT></B></TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<DIV align="left"><TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial"> <TR valign="bottom"><TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD COLSPAN="3" ROWSPAN="5" STYLE="text-align: center"><FONT STYLE="font-size: 8pt"><B>Period</B><BR>
 <B>November 1,</B><BR>
 <B>2007 to</B><BR>
 <B>August 31,</B><BR>
 <B>2008</B></FONT></TD>
	<TD COLSPAN="2" STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD COLSPAN="4" STYLE="text-align: right"></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD COLSPAN="7" STYLE="text-align: right"><FONT STYLE="font-size: 8pt"><B></B></FONT></TD>
	<TD STYLE="text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD COLSPAN="2" ROWSPAN="3" STYLE="text-align: center; vertical-align: bottom"><FONT STYLE="font-size: 8pt"><B>Year Ended<BR>
 October
 31,<BR>
2007</B></FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
<TD COLSPAN="13" STYLE="text-align: center; border-bottom: #000000 1px solid; vertical-align: bottom"><FONT STYLE="font-size: 8pt"><B>Year
Ended August 31,</B></FONT></TD>
	<TD COLSPAN="4" STYLE="text-align: right"></TD>
	<TD COLSPAN="2" STYLE="text-align: right"></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: center; vertical-align: bottom"><FONT STYLE="font-size: 8pt"><B>2012<SUP>1</SUP></B></FONT></TD>
	<TD STYLE="text-align: center; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: center; vertical-align: bottom"><FONT STYLE="font-size: 8pt"><B>2011</B></FONT></TD>
	<TD STYLE="text-align: center; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: center; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD COLSPAN="2" STYLE="text-align: center; vertical-align: bottom"><FONT STYLE="font-size: 8pt"><B>2010</B></FONT></TD>
	<TD STYLE="text-align: center; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: center; vertical-align: bottom"><FONT STYLE="font-size: 8pt"><B>2009</B></FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD COLSPAN="2" STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
<TD COLSPAN="20" STYLE="color: #0000cc; font-weight: bold; text-align: left; border-bottom: rgb(57,76,165) 1pt solid; padding-left: 12pt; border-top: rgb(57,76,165) 2pt solid; background-color: rgb(227,227,239)"><FONT STYLE="font-size: 8pt; color: #0000cc"><B>Per Share Operating Performance</B></FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt"><FONT STYLE="font-size: 8pt">Net asset value, beginning of period</FONT></TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&#36;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">16.52</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&#36;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">16.79</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 0pt"><FONT STYLE="font-size: 8pt">&#36;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">14.95</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&#36;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">16.71</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&#36;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">18.52</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">$</FONT></TD>

 <TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt"> 19.01</FONT></TD><TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt"><FONT STYLE="font-size: 8pt">Net investment income</FONT></TD>
	<TD STYLE="text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1.31</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"><SUP>2</SUP></FONT></TD>
	<TD STYLE="text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1.34</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"><SUP>2</SUP></FONT></TD>
	<TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1.12</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"><SUP>2</SUP></FONT></TD>
	<TD STYLE="text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1.01</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"><SUP>2</SUP></FONT></TD>
	<TD STYLE="text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1.14</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"><SUP>2</SUP>&nbsp;</FONT></TD>
	<TD COLSPAN="2" STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1.50</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt"><FONT STYLE="font-size: 8pt">Net realized and unrealized gain (loss)</FONT></TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">0.88</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">(0.37</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">)</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">1.62</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">(1.61</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">)</FONT></TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">(1.76</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">)</FONT></TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">(0.49</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">)</FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt"><FONT STYLE="font-size: 8pt">Net increase (decrease) from investment<BR>

 &nbsp;&nbsp;&nbsp;operations</FONT></TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">2.19</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">0.97</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">2.74</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">(0.60</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">)</FONT></TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">(0.62</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">)</FONT></TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">1.01</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">Dividends and distributions from:</FONT></TD>
	<TD STYLE="text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD COLSPAN="2" STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt"><FONT STYLE="font-size: 8pt">Net investment income</FONT></TD>
	<TD STYLE="text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(1.33</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD>
	<TD STYLE="text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(1.24</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD>
	<TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(0.90</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD>
	<TD STYLE="text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(1.16</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD>
	<TD STYLE="text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(1.19</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD>
	<TD COLSPAN="2" STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(1.41</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt"><FONT STYLE="font-size: 8pt">Net realized gain</FONT></TD>
	<TD STYLE="text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&#151;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&#151;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&#151;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&#151;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&#151;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD COLSPAN="2" STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(0.06</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">)</FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt"><FONT STYLE="font-size: 8pt">Tax return of capital</FONT></TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&#151;</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&#151;</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&#151;</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&#151;</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&#151;</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">(0.03</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">)</FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">Total dividends and distributions</FONT></TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&#36;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">(1.33</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">)</FONT></TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&#36;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">(1.24</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">)</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&#36;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">(0.90</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">)</FONT></TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&#36;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">(1.16</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">)</FONT></TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&#36;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">(1.19</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">)</FONT></TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: right"><FONT STYLE="font-size: 8pt">$</FONT></TD>
 <TD STYLE="border-bottom: #000000 1px solid; text-align: right"><FONT STYLE="font-size: 8pt">(1.50</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">)</FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">Net asset value, end of period</FONT></TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&#36;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">17.38</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&#36;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">16.52</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 0pt"><FONT STYLE="font-size: 8pt">&#36;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">16.79</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&#36;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">14.95</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&#36;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">16.71</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: right"><FONT STYLE="font-size: 8pt">$</FONT></TD>
 <TD STYLE="border-bottom: #000000 1px solid; text-align: right"><FONT STYLE="font-size: 8pt"> 18.52</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">Market price, end of period</FONT></TD>
	<TD STYLE="border-bottom: #000000 2px solid; text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&#36;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 2px solid"><FONT STYLE="font-size: 8pt">18.00</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="border-bottom: #000000 2px solid; text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&#36;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 2px solid"><FONT STYLE="font-size: 8pt">16.01</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 2px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid; text-indent: 0pt"><FONT STYLE="font-size: 8pt">&#36;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 2px solid"><FONT STYLE="font-size: 8pt">16.76</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="border-bottom: #000000 2px solid; text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&#36;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 2px solid"><FONT STYLE="font-size: 8pt">14.09</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="border-bottom: #000000 2px solid; text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&#36;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 2px solid"><FONT STYLE="font-size: 8pt">14.57</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="border-bottom: #000000 2px solid; text-align: right"><FONT STYLE="font-size: 8pt">$</FONT></TD>
 <TD STYLE="border-bottom: #000000 2px solid; text-align: right"><FONT STYLE="font-size: 8pt"> 16.68</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
</TR>
<TR>
	<TD COLSPAN="20"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
<TD COLSPAN="20" STYLE="color: #0000cc; font-weight: bold; text-align: left; border-bottom: rgb(57,76,165) 1pt solid; padding-left: 12pt; border-top: rgb(57,76,165) 2pt solid; background-color: rgb(227,227,239)"><FONT STYLE="font-size: 8pt; color: #0000cc"><B>Total Investment Return<SUP>3</SUP></B></FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt"><FONT STYLE="font-size: 8pt">Based on net asset value</FONT></TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">13.86%</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">5.85%</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">19.00%</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">(1.57)%</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">(2.60)%</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt"> <SUP>4</SUP></FONT></TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">5.66%</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt"><FONT STYLE="font-size: 8pt">Based
 on market price</FONT></TD>
	<TD STYLE="border-bottom: #000000 2px solid; text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 2px solid"><FONT STYLE="font-size: 8pt">21.68%</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="border-bottom: #000000 2px solid; text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 2px solid"><FONT STYLE="font-size: 8pt">2.77%</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 2px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 2px solid"><FONT STYLE="font-size: 8pt">26.04%</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="border-bottom: #000000 2px solid; text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 2px solid"><FONT STYLE="font-size: 8pt">6.40%</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="border-bottom: #000000 2px solid; text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 2px solid"><FONT STYLE="font-size: 8pt">(5.70)%</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid"><FONT STYLE="font-size: 8pt"> <SUP>4</SUP></FONT></TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 2px solid"><FONT STYLE="font-size: 8pt">(4.03)%</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
</TR>
<TR>
	<TD COLSPAN="20"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
<TD COLSPAN="20" STYLE="color: #0000cc; font-weight: bold; text-align: left; border-bottom: rgb(57,76,165) 1pt solid; padding-left: 12pt; border-top: rgb(57,76,165) 2pt solid; background-color: rgb(227,227,239)"><FONT STYLE="font-size: 8pt; color: #0000cc"><B>Ratios to Average Net Assets</B></FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt"><FONT STYLE="font-size: 8pt">Total expenses</FONT></TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">1.05%</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">1.01%</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">0.82%</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">0.72%</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">1.39%</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt"> <SUP>5</SUP></FONT></TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">2.16%</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt"><FONT STYLE="font-size: 8pt">Total expenses after fees waived and before
 fees paid indirectly</FONT></TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">1.05%</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">1.00%</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">0.81%</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">0.71%</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">1.39%</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt"> <SUP>5</SUP></FONT></TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">2.16%</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt"><FONT STYLE="font-size: 8pt">Total expenses after fees waived and <BR>
&nbsp;&nbsp;&nbsp;paid
 indirectly</FONT></TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">1.05%</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">1.00%</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">0.81%</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">0.71%</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">1.38%</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt"> <SUP>5</SUP></FONT></TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">2.14%</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt"><FONT STYLE="font-size: 8pt">Total expenses after fees waived and <BR>
&nbsp;&nbsp;&nbsp;paid
 indirectly and excluding interest</FONT></TD>
	<TD STYLE="text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD COLSPAN="2" STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt"><FONT STYLE="font-size: 8pt"> expense</FONT></TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">0.89%</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">0.87%</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">0.73%</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">0.69%</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">0.76%</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt"> <SUP>5</SUP></FONT></TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">0.83%</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt"><FONT STYLE="font-size: 8pt">Net
 investment income</FONT></TD>
	<TD STYLE="border-bottom: #000000 2px solid; text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 2px solid"><FONT STYLE="font-size: 8pt">7.82%</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="border-bottom: #000000 2px solid; text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 2px solid"><FONT STYLE="font-size: 8pt">7.75%</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 2px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 2px solid"><FONT STYLE="font-size: 8pt">6.90%</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="border-bottom: #000000 2px solid; text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 2px solid"><FONT STYLE="font-size: 8pt">7.42%</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="border-bottom: #000000 2px solid; text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 2px solid"><FONT STYLE="font-size: 8pt">7.84%</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid"><FONT STYLE="font-size: 8pt"> <SUP>5</SUP></FONT></TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 2px solid"><FONT STYLE="font-size: 8pt">7.92%</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
</TR>
<TR>
	<TD COLSPAN="20"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
<TD COLSPAN="20" STYLE="color: #0000cc; font-weight: bold; text-align: left; border-bottom: rgb(57,76,165) 1pt solid; padding-left: 12pt; border-top: rgb(57,76,165) 2pt solid; background-color: rgb(227,227,239)">Supplemental
Data</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt"><FONT STYLE="font-size: 8pt">Net assets, end of period (000)</FONT></TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&#36;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">642,391</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&#36;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">609,818</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&#36;</FONT></TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">619,381</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&#36;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">551,505</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&#36;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">616,393</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: right"><FONT STYLE="font-size: 8pt">$</FONT></TD>
 <TD STYLE="border-bottom: #000000 1px solid; text-align: right"><FONT STYLE="font-size: 8pt">638,109</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt"><FONT STYLE="font-size: 8pt">Borrowings outstanding, end of <BR>
&nbsp;&nbsp;&nbsp;period (000)</FONT></TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&#36;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">296,476</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&#36;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">244,120</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&#36;</FONT></TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">123,233</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&#151;</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&#36;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">64,538</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: right"><FONT STYLE="font-size: 8pt">$</FONT></TD>
 <TD STYLE="border-bottom: #000000 1px solid; text-align: right"><FONT STYLE="font-size: 8pt"> 109,287</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt"><FONT STYLE="font-size: 8pt">Average borrowings outstanding <BR>
&nbsp;&nbsp;&nbsp;during the
 period (000)</FONT></TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&#36;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">242,396</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&#36;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">191,303</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&#36;</FONT></TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">44,160</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&#36;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">11,705</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&#36;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">120,295</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: right"><FONT STYLE="font-size: 8pt">$</FONT></TD>
 <TD STYLE="border-bottom: #000000 1px solid; text-align: right"><FONT STYLE="font-size: 8pt"> 172,040</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt"><FONT STYLE="font-size: 8pt">Portfolio turnover</FONT></TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">54%</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">106%</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt"><SUP>6</SUP></FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">248%</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt"><SUP>7</SUP></FONT></TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">287%</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt"> <SUP>8</SUP></FONT></TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">191%</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt"> <SUP>9</SUP></FONT></TD>
	<TD COLSPAN="2" STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">65%</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt"><FONT STYLE="font-size: 8pt">Asset coverage, end of period <BR>
&nbsp;&nbsp;&nbsp;per &#36;1,000</FONT></TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&#36;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">3,167</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&#36;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">3,498</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 0pt"><FONT STYLE="font-size: 8pt">&#36;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">6,026</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&#151;</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&#36;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">10,551</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: right"><FONT STYLE="font-size: 8pt">$</FONT></TD>
 <TD STYLE="border-bottom: #000000 1px solid; text-align: right"><FONT STYLE="font-size: 8pt"> 7,251</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20pt"></TD><TD STYLE="width: 20pt; text-align: left"><SUP>1</SUP></TD><TD>Consolidated Financial Highlights.</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20pt"></TD><TD STYLE="width: 20pt; text-align: left"><SUP>2</SUP></TD><TD>Based on average shares outstanding.</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20pt"></TD><TD STYLE="width: 20pt; text-align: left"><SUP>3</SUP></TD><TD>Total investment returns based on market value, which
can be significantly greater or lesser than the net asset value, may result in substantially different returns. Where applicable,
total investment returns exclude the effects of any sales charges and include the reinvestment of dividends and distributions.</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20pt"></TD><TD STYLE="width: 20pt; text-align: left"><SUP>4</SUP></TD><TD>Aggregate total investment return.</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20pt"></TD><TD STYLE="width: 20pt; text-align: left"><SUP>5</SUP></TD><TD>Annualized.</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20pt"></TD><TD STYLE="width: 20pt; text-align: left"><SUP>6</SUP></TD><TD>Includes mortgage dollar roll and to-be-announced (&#147;TBA&#148;)
transactions. Excluding these transactions, the portfolio turnover rate would have been 87%.</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20pt"></TD><TD STYLE="width: 20pt; text-align: left"><SUP>7</SUP></TD><TD>Includes mortgage dollar roll transactions. Excluding
these transactions, the portfolio turnover would have been 113%.</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20pt"></TD><TD STYLE="width: 20pt; text-align: left"><SUP>8</SUP></TD><TD>Includes mortgage dollar roll transactions. Excluding
these transactions, the portfolio turnover would have been 79%.</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20pt"></TD><TD STYLE="width: 20pt; text-align: left"><SUP>9</SUP></TD><TD>Includes TBA transactions. Excluding these transactions,
the portfolio turnover rate would have been 24%.</TD>
</TR></TABLE>
<P style="text-align: left;">
See Notes to Financial Statements.</P>
</DIV>

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<P STYLE="text-align: left; font-size: 14pt; border-top: rgb(57,76,165) 4pt solid">
<FONT color="#0000cc"><A NAME="a_012"></A>Notes to Financial Statements</FONT></P>
<P style="text-align: left;"><B>1. Organization and Significant Accounting Policies:</B></P>
<P style="text-align: left;">
BlackRock Defined Opportunity Credit Trust (&#147;BHL&#148;), BlackRock Diversified Income Strategies Fund, Inc. (&#147;DVF&#148;), BlackRock Floating Rate Income Strategies Fund, Inc. (&#147;FRA&#148;) and BlackRock Limited Duration Income Trust
(&#147;BLW&#148;) (collectively, the &#147;Funds&#148; or individually as a &#147;Fund&#148;) are registered under the 1940 Act, as diversified, closed-end management investment companies. BHL and BLW are organized as Delaware Statutory trusts. DVF and
FRA are organized as Maryland corporations. The Funds&#146; financial statements are prepared in conformity with accounting principles generally accepted in the United States of America (&#147;US GAAP&#148;), which may require management to make
estimates and assumptions that affect the reported amounts of assets and liabilities in the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ
from those estimates. The Boards of Directors and the Boards of Trustees of the Funds are collectively referred to throughout this report as the &#147;Board of Directors&#148; or the &#147;Board&#148;, and the directors/trustees thereof are collectively
referred to throughout this report as &#147;Directors&#148;. The Funds determine and make available for publication the NAV of their Common Shares on a daily basis.</P>
<P style="text-align: left;"><B>Reorganizations:</B> On May 23, 2012, the Board approved separate plans of reorganization whereby
FRA will acquire all of the assets and all of the liabilities of DVF and BlackRock Floating Rate Income Strategies Fund II, Inc.
(FRB and with DVF, each a &#147;Target Fund&#148;) in exchange for newly issued shares of FRA in a merger transaction.</P>
<P style="text-align: left;">
The following is a summary of significant accounting policies followed by the Funds:</P>
<P style="text-align: left;"><B>Basis of Consolidation:</B> The accompanying consolidated financial statements include the accounts
of DVF JGW SPV, LLC, DVF (S-MARTIN) SPV, LLC, FRA JGW SPV, LLC and BLW JGW SPV, LLC (the &#147;Taxable Subsidiaries&#148;), all
of which are wholly owned taxable subsidiaries of each Fund. The Taxable Subsidiaries enable the Funds to hold investments that
are organized as an operating partnership and still satisfy Regulated Investment Company (&#147;RIC&#148;) tax requirements. Income
earned and gains realized on the investments held by the Taxable Subsidiaries are taxable to such subsidiaries. An income tax
provision for all income, including realized and unrealized gains, if any, is reflected as either a reduction in investment income
or as component of realized and unrealized gain (loss) on the Consolidated Statements of Operations. The Funds may invest up to
25% of their total assets in the Taxable Subsidiary. Intercompany accounts and transactions have been eliminated. The Taxable
Subsidiary is subject to the same investment policies and restrictions that apply to the Funds.</P>
<P style="text-align: left;"><B>Valuation:</B> US GAAP defines fair value as the price the Funds would receive to sell an asset
or pay to transfer a liability in an orderly transaction between market participants at the measurement date. The Funds fair value
their financial instruments at market value using independent dealers or pricing services under policies approved by the Board.
The Global Valuation Committee is the committee formed by management to develop global pricing policies and procedures and to
provide oversight of the pricing function for the Funds for all financial instruments.</P>
<P style="text-align: left;">
The Funds value their bond investments on the basis of last available bid prices or current market quotations provided by dealers or pricing services. Floating rate loan interests are valued at the mean of the bid prices from one or more brokers or
dealers as obtained from a pricing service. In determining the value of a particular investment, pricing services may use certain information with respect to transactions in such investments, quotations from dealers, pricing matrixes, market transactions
in comparable investments, various relationships observed in the market between investments and calculated yield measures. Asset-backed and mortgage-backed securities are valued by independent pricing services using models that consider estimated cash
flows of each tranche of the security, establish a benchmark yield and develop an estimated tranche specific spread to the benchmark yield based on the unique attributes of the tranche. Financial futures contracts traded on exchanges are valued at their
last sale price. Swap agreements are valued utilizing quotes received daily by the Funds&#146; pricing service or through brokers, which are derived using daily swap curves and models that incorporate a number of market data factors, such as discounted
cash flows, trades and values of the underlying reference instruments. Investments in open-end registered investment companies are valued at NAV each business day. Short-term securities with remaining maturities of 60 days or less may be valued at
amortized cost, which approximates fair value.</P>
<P style="text-align: left;">
Municipal investments (including commitments to purchase such investments on a &#147;when-issued&#148; basis) are valued on the basis of prices provided by dealers or pricing services. In determining the value of a particular investment, pricing services
may use certain information with respect to transactions in such investments, quotations from dealers, pricing matrixes, market transactions in comparable investments and information with respect to various relationships between investments.</P>
<P style="text-align: left;">
Equity investments traded on a recognized securities exchange or the NASDAQ Global Market System (&#147;NASDAQ&#148;) are valued at the last reported sale price that day or the NASDAQ official closing price, if applicable. For equity investments traded
on more than one exchange, the last reported sale price on the exchange where the stock is primarily traded is used. Equity investments traded on a recognized exchange for which there were no sales on that day are valued at the last available bid (long
positions) or ask (short positions) price. If no bid or ask price is available, the prior day&#146;s price will be used, unless it is determined that such prior day&#146;s price no longer reflects the fair value of the security.</P>
<P style="text-align: left;">
Securities and other assets and liabilities denominated in foreign currencies are translated into US dollars using exchange rates determined as of the close of business on the New York Stock Exchange (&#147;NYSE&#148;). Foreign currency exchange
contracts are valued at the mean between the bid and ask prices and are determined as of the close of business on the NYSE. Interpolated values are derived when the settlement date of the contract is an interim date for which quotations are not
available.</P>
<P style="text-align: left;">
Exchange-traded options are valued at the mean between the last bid and ask prices at the close of the options market in which the options trade. An exchange-traded option for which there is no mean price is valued at the last bid (long positions) or ask
(short positions) price. If no bid or ask price is available, the prior day&#146;s price will be used, unless it is determined that</P>
</DIV>

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<P STYLE="text-align: left; font-size: 14pt; border-top: rgb(57,76,165) 4pt solid">
<FONT color="#0000cc">Notes to Financial Statements (continued)</FONT></P>
<P style="text-align: left;">
the prior day&#146;s price no longer reflects the fair value of the option. Over-the-counter (&#147;OTC&#148;) options and swaptions are valued by an independent pricing service using a mathematical model, which incorporates a number of market data
factors, such as the trades and prices of the underlying instruments.</P>
<P style="text-align: left;">
In the event that application of these methods of valuation results in a price for an investment that is deemed not to be representative of the market value of such investment, or if a price is not available, the investment will be valued by the Global
Valuation Committee, or its delegate, in accordance with a policy approved by the Board as reflecting fair value (&#147;Fair Value Assets&#148;). When determining the price for Fair Value Assets, the Global Valuation Committee, or its delegate, seeks to
determine the price that each Fund might reasonably expect to receive from the current sale of that asset in an arm&#146;s-length transaction. Fair value determinations shall be based upon all available factors that the investment advisor and/or
sub-advisor deems relevant consistent with the principles of fair value measurement which include the market approach, income approach and/or cost approach, as appropriate. A market approach generally consists of using comparable market transactions. The
income approach generally is used to discount future cash flows to present value and adjusted for liquidity as appropriate. These factors include but are not limited to (i) attributes specific to the investment or asset; (ii) the principal market for the
investment or asset; (iii) the customary participants in the principal market for the investment or asset; (iv) data assumptions by market participants for the investment or asset, if reasonably available; (v) quoted prices for similar investments or
assets in active markets; and (vi) other factors, such as future cash flows, interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, recovery rates, liquidation amounts and/or default rates. Due to the inherent
uncertainty of valuations of such investments, the fair values may differ from the values that would have been used had an active market existed. The Global Valuation Committee, or its delegate, employs various methods for calibrating valuation
approaches for investments where an active market does not exist, including regular due diligence of the Funds&#146; pricing vendors, a regular review of key inputs and assumptions, transactional back-testing or disposition analysis to compare unrealized
gains and losses to realized gains and losses, reviews of missing or stale prices and large movements in market values and reviews of any market related activity. The pricing of all Fair Value Assets is subsequently reported to the Board or a committee
thereof on a quarterly basis.</P>
<P style="text-align: left;">
Generally, trading in foreign instruments is substantially completed each day at various times prior to the close of business on the NYSE. Occasionally, events affecting the values of such instruments may occur between the foreign market close and the
close of business on the NYSE that may not be reflected in the computation of the Funds&#146; net assets. If events (for example, a company announcement, market volatility or a natural disaster) occur during such periods that are expected to affect the
value of such instruments materially, those instruments may be Fair Value Assets and be valued at their fair value, as determined in good faith by the Global Valuation Committee using a pricing service and/or policies approved by the Board.</P>
<P style="text-align: left;"><B>Foreign Currency:</B> The Funds&#146; books and records are maintained in US dollars. Purchases
and sales of investment securities are recorded at the rates of exchange prevailing on the respective date of such transactions.
Generally, when the US dollar rises in value against a foreign currency, the Funds&#146; investments denominated in that currency
will lose value because that currency is worth fewer US dollars; the opposite effect occurs if the US dollar falls in relative
value.</P>
<P style="text-align: left;">
The Funds do not isolate the portion of the results of operations arising as a result of changes in the foreign exchange rates from the changes in the market prices of investments held or sold for financial reporting purposes. Accordingly, the effects of
changes in foreign currency exchange rates on investments are not segregated on the Statement of Operations from the effects of changes in market prices of those investments but are included as a component of net realized and unrealized gain (loss) from
investments. The Funds report realized currency gains (losses) on foreign currency related transactions as components of net realized gain (loss) for financial reporting purposes, whereas such components are treated as ordinary income for federal income
tax purposes.</P>
<P style="text-align: left;"><B>Asset-Backed and Mortgage-Backed Securities:</B> The Funds may invest in asset-backed securities.
Asset-backed securities are generally issued as pass-through certificates, which represent undivided fractional ownership interests
in an underlying pool of assets, or as debt instruments, which are also known as collateralized obligations, and are generally
issued as the debt of a special purpose entity organized solely for the purpose of owning such assets and issuing such debt. Asset-backed
securities are often backed by a pool of assets representing the obligations of a number of different parties. The yield characteristics
of certain asset-backed securities may differ from traditional debt securities. One such major difference is that all or a principal
part of the obligations may be prepaid at any time because the underlying assets (i.e., loans) may be prepaid at any time. As
a result, a decrease in interest rates in the market may result in increases in the level of prepayments as borrowers, particularly
mortgagors, refinance and repay their loans. An increased prepayment rate with respect to an asset-backed security subject to
such a prepayment feature will have the effect of shortening the maturity of the security. If a Fund has purchased such an asset-backed
security at a premium, a faster than anticipated prepayment rate could result in a loss of principal to the extent of the premium
paid.</P>
<P style="text-align: left;">
The Funds may purchase certain mortgage pass-through securities. There are a number of important differences among the agencies and instrumentalities of the US government that issue mortgage-related securities and among the securities that they issue.
For example, mortgage-related securities guaranteed by Ginnie Mae are guaranteed as to the timely payment of principal and interest by Ginnie Mae and such guarantee is backed by the full faith and credit of the United States. However, mortgage-related
securities issued by Freddie Mac and Fannie Mae, including Freddie Mac and Fannie Mae guaranteed Mortgage Pass-Through Certificates, which are solely the obligations of Freddie Mac and Fannie Mae, are not backed by or entitled to the full faith and
credit of the United States but are supported by the right of the issuer to borrow from the Treasury.</P>
</DIV>

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<FONT color="#0000cc">Notes to Financial Statements (continued)</FONT></P>
<P style="text-align: left;"><B>Collateralized Debt Obligations:</B> Certain Funds may invest in collateralized debt obligations
(&#147;CDOs&#148;), which include collateralized bond obligations (&#147;CBOs&#148;) and collateralized loan obligations (&#147;CLOs&#148;).
CBOs and CLOs are types of asset-backed securities. A CDO is a bankruptcy remote entity which is backed by a diversified pool
of debt securities (CBOs) or syndicated bank loans (CLOs). The cash flows of the CDO can be split into multiple segments, called
&#147;tranches&#148;, which will vary in risk profile and yield. The riskiest segment is the subordinated or &#147;equity&#148;
tranche. This tranche bears the greatest risk of defaults from the underlying assets in the CDO and serves to protect the other,
more senior, tranches from default in all but the most severe circumstances. Since it is shielded from defaults by the more junior
tranches, a &#147;senior&#148; tranche will typically have higher credit ratings and lower yields than their underlying securities,
and often receive investment grade ratings from one or more of the nationally recognized rating agencies. Despite the protection
from the more junior tranches, senior tranches can experience substantial losses due to actual defaults, increased sensitivity
to future defaults and the disappearance of one or more protecting tranches as a result of changes in the credit profile of the
underlying pool of assets.</P>
<P style="text-align: left;"><B>Multiple Class Pass-Through Securities:</B> Certain Trusts may invest in multiple class pass-through
securities, including collateralized mortgage obligations (&#147;CMOs&#148;) and commercial mortgage-backed securities. These
multiple class securities may be issued by Ginnie Mae, US government agencies or instrumentalities or by trusts formed by private
originators of, or investors in, mortgage loans. In general, CMOs are debt obligations of a legal entity that are collateralized
by, and multiple class pass-through securities represent direct ownership interests in, a pool of residential or commercial mortgage
loans or mortgage pass-through securities (the &#147;Mortgage Assets&#148;), the payments on which are used to make payments on
the CMOs or multiple pass-through securities. Classes of CMOs include interest only (&#147;IOs&#148;), principal only (&#147;POs&#148;),
planned amortization classes and targeted amortization classes. IOs and POs are stripped mortgage-backed securities representing
interests in a pool of mortgages, the cash flow from which has been separated into interest and principal components. IOs receive
the interest portion of the cash flow while POs receive the principal portion. IOs and POs can be extremely volatile in response
to changes in interest rates. As interest rates rise and fall, the value of IOs tends to move in the same direction as interest
rates. POs perform best when prepayments on the underlying mortgages rise since this increases the rate at which the principal
is returned and the yield to maturity on the PO. When payments on mortgages underlying a PO are slower than anticipated, the life
of the PO is lengthened and the yield to maturity is reduced. If the underlying Mortgage Assets experience greater than anticipated
pre-payments of principal, the Trusts may not fully recoup their initial investment in IOs.</P>
<P style="text-align: left;"><B>Stripped Mortgage-Backed Securities:</B> Certain Trusts may invest in stripped mortgage-backed
securities issued by the US government, its agencies and instrumentalities. Stripped mortgage-backed securities are usually structured
with two classes that receive different proportions of the interest (IOs) and principal (POs) distributions on a pool of Mortgage
Assets. The Trusts also may invest in stripped mortgage-backed securities that are privately issued.</P>
<P style="text-align: left;"><B>Zero-Coupon Bonds:</B> The Funds may invest in zero-coupon bonds, which are normally issued at
a significant discount from face value and do not provide for periodic interest payments. Zero-coupon bonds may experience greater
volatility in market value than similar maturity debt obligations which provide for regular interest payments.</P>
<P style="text-align: left;"><B>Capital Trusts:</B> Certain Trusts may invest in capital trusts. These securities are typically
issued by corporations, generally in the form of interest-bearing notes with preferred securities characteristics, or by an affiliated
business trust of a corporation, generally in the form of beneficial interests in subordinated debentures or similarly structured
securities. The securities can be structured as either fixed or adjustable coupon securities that can have either a perpetual
or stated maturity date. Dividends can be deferred without creating an event of default or acceleration, although maturity cannot
take place unless all cumulative payment obligations have been met. The deferral of payments does not affect the purchase or sale
of these securities in the open market. Payments on these securities are treated as interest rather than dividends for federal
income tax purposes. These securities generally are rated below that of the issuing company&#146;s senior debt securities.</P>
<P style="text-align: left;"><B>Preferred Stock:</B> Certain Funds may invest in preferred stocks. Preferred stock has a preference
over common stock in liquidation (and generally in receiving dividends as well) but is subordinated to the liabilities of the
issuer in all respects. As a general rule, the market value of preferred stock with a fixed dividend rate and no conversion element
varies inversely with interest rates and perceived credit risk, while the market price of convertible preferred stock generally
also reflects some element of conversion value. Because preferred stock is junior to debt securities and other obligations of
the issuer, deterioration in the credit quality of the issuer will cause greater changes in the value of a preferred stock than
in a more senior debt security with similar stated yield characteristics. Unlike interest payments on debt securities, preferred
stock dividends are payable only if declared by the issuer&#146;s board of directors. Preferred stock also may be subject to optional
or mandatory redemption provisions.</P>
<P style="text-align: left;"><B>Floating Rate Loan Interests:</B> The Funds may invest in floating rate loan interests. The floating
rate loan interests the Funds hold are typically issued to companies (the &#147;borrower&#148;) by banks, other financial institutions,
and privately and publicly offered corporations (the &#147;lender&#148;). Floating rate loan interests are generally non-investment
grade, often involve borrowers whose financial condition is troubled or uncertain and companies that are highly leveraged. The
Funds may invest in obligations of borrowers who are in bankruptcy proceedings. Floating rate loan interests may include fully
funded term loans or revolving lines of credit. Floating rate loan interests are typically senior in the corporate capital structure
of the borrower. Floating rate loan interests generally pay interest at rates that are periodically determined by reference to
a base lending rate plus a premium. The base lending rates are generally the lending rate offered by one or more European banks,
such as LIBOR, the prime rate offered by one or more US banks or the certificate of deposit rate. Floating rate loan interests
may involve foreign borrowers, and investments may be denominated in foreign currencies. The Funds consider these investments
to be investments in debt securities for purposes of its investment policies.</P>
</DIV>

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<FONT color="#0000cc">Notes to Financial Statements (continued)</FONT></P>
<P style="text-align: left;">When a Fund purchases a floating rate loan interest it may receive a facility fee and when it sells
a floating rate loan interest it may pay a facility fee. On an ongoing basis, the Funds may receive a commitment fee based on
the undrawn portion of the underlying line of credit amount of a floating rate loan interest. Facility and commitment fees are
typically amortized to income over the term of the loan or term of the commitment, respectively. Consent and amendment fees are
recorded to income as earned. Prepayment penalty fees, which may be received by the Funds upon the prepayment of a floating rate
loan interest by a borrower, are recorded as realized gains. The Funds may invest in multiple series or tranches of a loan. A
different series or tranche may have varying terms and carry different associated risks.</P>
<P style="text-align: left;">
Floating rate loan interests are usually freely callable at the borrower&#146;s option. The Funds may invest in such loans in the form of participations in loans (&#147;Participations&#148;) or assignments (&#147;Assignments&#148;) of all or a portion of
loans from third parties. Participations typically will result in the Funds having a contractual relationship only with the lender, not with the borrower. The Funds will have the right to receive payments of principal, interest and any fees to which it
is entitled only from the lender selling the Participation and only upon receipt by the lender of the payments from the borrower. In connection with purchasing Participations, the Funds generally will have no right to enforce compliance by the borrower
with the terms of the loan agreement, nor any rights of offset against the borrower, and the Funds may not benefit directly from any collateral supporting the loan in which it has purchased the Participation. As a result, the Funds will assume the credit
risk of both the borrower and the lender that is selling the Participation. The Funds&#146; investment in loan participation interests involves the risk of insolvency of the financial intermediaries who are parties to the transactions. In the event of
the insolvency of the lender selling the Participation, the Funds may be treated as a general creditor of the lender and may not benefit from any offset between the lender and the borrower. Assignments typically result in the Funds having a direct
contractual relationship with the borrower, and the Funds may enforce compliance by the borrower with the terms of the loan agreement.</P>
<P style="text-align: left;"><B>Forward Commitments and When-Issued Delayed Delivery Securities:</B> The Funds may purchase securities
on a when-issued basis and may purchase or sell securities on a forward commitment basis. Settlement of such transactions normally
occurs within a month or more after the purchase or sale commitment is made. The Funds may purchase securities under such conditions
with the intention of actually acquiring them, but may enter into a separate agreement to sell the securities before the settlement
date. Since the value of securities purchased may fluctuate prior to settlement, the Funds may be required to pay more at settlement
than the security is worth. In addition, the Funds are not entitled to any of the interest earned prior to settlement. When purchasing
a security on a delayed delivery basis, the Funds assume the rights and risks of ownership of the security, including the risk
of price and yield fluctuations. In the event of default by the counterparty, the Funds&#146; maximum amount of loss is the unrealized
appreciation of unsettled when-issued transactions, which is shown in the Schedules of Investments.</P>
<P style="text-align: left;"><B>Reverse Repurchase Agreements:</B> Certain Funds may enter into reverse repurchase agreements
with qualified third party broker-dealers. In a reverse repurchase agreement, the Funds sell securities to a bank or broker-dealer
and agrees to repurchase the same securities at a mutually agreed upon date and price. Securities sold under reverse repurchase
agreements are recorded as a liability in the Statement of Assets and Liabilities at face value including accrued interest. Due
to the short term nature of the reverse repurchase agreements, face value approximates fair value. During the term of the reverse
repurchase agreement, the Funds continue to receive the principal and interest payments on these securities. Certain agreements
have no stated maturity and can be terminated by either party at any time. Interest on the value of the reverse repurchase agreements
issued and outstanding is based upon competitive market rates determined at the time of issuance. The Funds may utilize reverse
repurchase agreements when it is anticipated that the interest income to be earned from the investment of the proceeds of the
transaction is greater than the interest expense of the transaction. Reverse repurchase agreements involve leverage risk and also
the risk that the market value of the securities that the Funds are obligated to repurchase under the agreement may decline below
the repurchase price. In the event the buyer of securities under a reverse repurchase agreement files for bankruptcy or becomes
insolvent, the Funds&#146; use of the proceeds of the agreement may be restricted while the other party, or its trustee or receiver,
determines whether or not to enforce the Funds&#146; obligation to repurchase the securities.</P>
<P style="text-align: left;"><B>Segregation and Collateralization:</B> In cases in which the 1940 Act and the interpretive positions
of the Securities and Exchange Commission (&#147;SEC&#148;) require that the Funds either deliver collateral or segregate assets
in connection with certain investments (e.g., financial futures contracts, foreign currency exchange contracts and swaps), or
certain borrowings (e.g., reverse repurchase agreements and loan payable), the Funds will, consistent with SEC rules and/or certain
interpretive letters issued by the SEC, segregate collateral or designate on its books and records cash or liquid securities having
a market value at least equal to the amount that would otherwise be required to be physically segregated. Furthermore, based on
requirements and agreements with certain exchanges and third party broker-dealers, each party to such transactions has requirements
to deliver/deposit securities as collateral for certain investments.</P>
<P style="text-align: left;"><B>Investment Transactions and Investment Income:</B> For financial reporting purposes, investment
transactions are recorded on the dates the transactions are entered into (the trade dates). Realized gains and losses on investment
transactions are determined on the identified cost basis. Dividend income is recorded on the ex-dividend dates. Dividends from
foreign securities where the ex-dividend date may have passed are subsequently recorded when the Funds are informed of the ex-dividend
date. Under the applicable foreign tax laws, a withholding tax at various rates may be imposed on capital gains, dividends and
interest. Upon notification from issuers, some of the dividend income received from a real estate investment trust may be redesignated
as a reduction of cost of the related investment and/or realized gain. Interest income, including amortization and accretion of
premiums and discounts on debt securities,</P>
</DIV>

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<FONT color="#0000cc">Notes to Financial Statements (continued)</FONT></P>
<P style="text-align: left;">
is recognized on the accrual basis. Consent fees are compensation for agreeing to changes in the terms of debt instruments and are included in interest income in the Statements of Operations.</P>
<P style="text-align: left;"><B>Dividends and Distributions:</B> Dividends from net investment income are declared and paid monthly.
Distributions of capital gains are recorded on the ex-dividend dates. The portion of dividends and distributions that exceeds
a Fund&#146;s current and accumulated earnings and profits, which are measured on a tax basis, may be treated as a tax return
of capital. Distributions in excess of a Fund&#146;s taxable income and net capital gains, but not in excess of a Fund&#146;s
earnings and profits, will be taxable to shareholders as ordinary income and will not constitute a nontaxable return of capital.
Capital losses carried forward from years beginning before 2011 do not reduce earnings and profits, even if such carried forward
losses offset current year realized gains. The character and timing of dividends and distributions are determined in accordance
with federal income tax regulations, which may differ from US GAAP.</P>
<P style="text-align: left;"><B>Income Taxes:</B> It is each Fund&#146;s policy to comply with the requirements of the Internal
Revenue Code of 1986, as amended, applicable to regulated investment companies and to distribute substantially all of its taxable
income to its shareholders. Therefore, no federal income tax provision is required.</P>
<P style="text-align: left;">
Each Fund files US federal and various state and local tax returns. No income tax returns are currently under examination. The statute of limitations on the Funds&#146; US federal tax returns remains open for each of the four years ended August 31, 2012.
The statutes of limitations on the Funds&#146; state and local tax returns may remain open for an additional year depending upon the jurisdiction. Management does not believe there are any uncertain tax positions that require recognition of a tax
liability.</P>
<P style="text-align: left;"><B>Recent Accounting Standard:</B> In December 2011, the Financial Accounting Standard Board issued
guidance that will expand current disclosure requirements on the offsetting of certain assets and liabilities. The new disclosures
will be required for investments and derivative financial instruments subject to master netting or similar agreements which are
eligible for offset in the Statements of Assets and Liabilities and will require an entity to disclose both gross and net information
about such investments and transactions in the financial statements. The guidance is effective for financial statements with fiscal
years beginning on or after January 1, 2013, and interim periods within those fiscal years. Management is evaluating the impact
of this guidance on the Funds&#146; financial statement disclosures.</P>
<P style="text-align: left;"><B>Deferred Compensation and BlackRock Closed-End Share Equivalent Investment Plan:</B> Under the
deferred compensation plan approved by each Fund&#146;s Board, independent Directors (&#147;Independent Directors&#148;) may defer
a portion of their annual complex-wide compensation. Deferred amounts earn an approximate return as though equivalent dollar amounts
had been invested in common shares of certain other BlackRock Closed-End Funds selected by the Independent Directors. This has
approximately the same economic effect for the Independent Directors as if the Independent Directors had invested the deferred
amounts directly in certain other BlackRock Closed-End Funds.</P>
<P style="text-align: left;">
The deferred compensation plan is not funded and obligations thereunder represent general unsecured claims against the general assets of each Fund. Prior to March 31, 2012, each Fund elected to invest in common shares of certain other BlackRock
Closed-End Funds selected by the Independent Directors in order to match its deferred compensation obligations, and dividends and distributions received from the BlackRock Closed-End Fund investments through March 31, 2012 are included in income &#151;
affiliated in the Statements of Operations.</P>
<P style="text-align: left;"><B>Other:</B> Expenses directly related to a Fund are charged to that Fund. Other operating expenses
shared by several funds are pro rated among those funds on the basis of relative net assets or other appropriate methods.</P>
<P style="text-align: left;">
The Funds have an arrangement with the custodian whereby fees may be reduced by credits earned on uninvested cash balances, which, if applicable, are shown as fees paid indirectly in the Statements of Operations. The custodian imposes fees on overdrawn
cash balances, which can be offset by accumulated credits earned or may result in additional custody charges.</P>
<P style="text-align: left;"><B>2. Derivative Financial Instruments:</B></P>
<P style="text-align: left;">
The Funds engage in various portfolio investment strategies using derivative contracts both to increase the returns of the Funds and/or to economically hedge, or protect, their exposure to certain risks such as credit risk, equity risk, interest rate
risk, foreign currency exchange rate risk. These contracts may be transacted on an exchange or OTC.</P>
<P style="text-align: left;">
Losses may arise if the value of the contract decreases due to an unfavorable change in the market rates or values of the underlying instrument or if the counterparty does not perform under the contract. The Funds&#146; maximum risk of loss from
counterparty credit risk on OTC derivatives is generally the aggregate unrealized gain netted against any collateral pledged by/posted to the counterparty. For OTC options purchased, the Funds bear the risk of loss in the amount of the premiums paid plus
the positive change in market values net of any collateral received on the options should the counterparty fail to perform under the contracts. Options written by the Funds do not give rise to counterparty credit risk, as options written obligate the
Funds to perform and not the counterparty. Counterparty risk related to exchange-traded financial futures contracts and options and centrally cleared swaps is deemed to be minimal due to the protection against defaults provided by the exchange on which
these contracts trade.</P>
<P style="text-align: left;">
The Funds may mitigate counterparty risk by procuring collateral and through netting provisions included within an International Swaps and Derivatives Association, Inc. master agreement (&#147;ISDA Master Agreement&#148;) implemented between a Fund and
each of its respective counterparties. An ISDA Master Agreement allows each Fund to offset with each separate counterparty certain derivative financial instrument&#146;s payables and/or receivables with collateral held. The amount of collateral moved
to/from applicable counterparties is generally based upon minimum transfer amounts of up to &#36;500,000. To the extent amounts due to the Funds from their counterparties are not fully collateralized, contractually or otherwise, the Funds bear the risk
of loss from counterparty non-performance. See Note 1 &#147;Segregation and</P>
</DIV>

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<FONT color="#0000cc">Notes to Financial Statements (continued)</FONT></P>
<P style="text-align: left;">
Collateralization&#148; for information with respect to collateral practices. In addition, the Funds manage counterparty risk by entering into agreements only with counterparties that it believes have the financial resources to honor their obligations
and by monitoring the financial stability of those counterparties.</P>
<P style="text-align: left;">
Certain ISDA Master Agreements allow counterparties to OTC derivatives to terminate derivative contracts prior to maturity in the event the Funds&#146; net assets decline by a stated percentage or the Funds fail to meet the terms of its ISDA Master
Agreements, which would cause the Funds to accelerate payment of any net liability owed to the counterparty.</P>
<P style="text-align: left;"><B>Financial Futures Contracts:</B> The Funds purchase or sell financial futures contracts and options
on financial futures contracts to gain exposure to, or economically hedge against, changes in interest rates (interest rate risk).
Financial futures contracts are agreements between the Funds and counterparty to buy or sell a specific quantity of an underlying
instrument at a specified price and at a specified date. Depending on the terms of the particular contract, financial futures
contracts are settled either through physical delivery of the underlying instrument on the settlement date or by payment of a
cash settlement amount on the settlement date. Pursuant to the contract, the Funds agree to receive from or pay to the broker
an amount of cash equal to the daily fluctuation in value of the contract. Such receipts or payments are known as variation margin
and are recorded by the Funds as unrealized appreciation or depreciation. When the contract is closed, the Funds record a realized
gain or loss equal to the difference between the value of the contract at the time it was opened and the value at the time it
was closed. The use of financial futures contracts involves the risk of an imperfect correlation in the movements in the price
of financial futures contracts, interest or foreign currency exchange rates and the underlying assets.</P>
<P style="text-align: left;"><B>Foreign Currency Exchange Contracts:</B> The Funds enter into foreign currency exchange contracts
as an economic hedge against either specific transactions or portfolio instruments or to obtain exposure to foreign currencies
(foreign currency exchange rate risk). A foreign currency exchange contract is an agreement between two parties to buy and sell
a currency at a set exchange rate on a future date. Foreign currency exchange contracts, when used by the Funds, help to manage
the overall exposure to the currencies in which some of the investments held by the Funds are denominated. The contract is marked-to-market
daily and the change in market value is recorded by the Funds as an unrealized gain or loss. When the contract is closed, the
Funds record a realized gain or loss equal to the difference between the value at the time it was opened and the value at the
time it was closed. The use of foreign currency exchange contracts involves the risk that the value of a foreign currency exchange
contract changes unfavorably due to movements in the value of the referenced foreign currencies and the risk that the counterparty
to the contract does not perform its obligations under the agreement.</P>
<P style="text-align: left;"><B>Options:</B> The Funds purchase and write call and put options to increase or decrease their exposure
to underlying instruments (equity and/or interest rate risk) and/or, in the case of options written, to generate gains from options
premiums. A call option gives the purchaser (holder) of the option the right (but not the obligation) to buy, and obligates the
seller (writer) to sell (when the option is exercised), the underlying instrument at the exercise or strike price at any time
or at a specified time during the option period. A put option gives the holder the right to sell and obligates the writer to buy
the underlying instrument at the exercise or strike price at any time or at a specified time during the option period. When the
Funds purchase (write) an option, an amount equal to the premium paid (received) by the Funds is reflected as an asset (liability).
The amount of the asset (liability) is subsequently marked-to-market to reflect the current market value of the option purchased
(written). When an instrument is purchased or sold through an exercise of an option, the related premium paid (or received) is
added to (or deducted from) the basis of the instrument acquired or deducted from (or added to) the proceeds of the instrument
sold. When an option expires (or the Funds enter into a closing transaction), the Funds realize a gain or loss on the option to
the extent of the premiums received or paid (or gain or loss to the extent the cost of the closing transaction exceeds the premiums
received or paid). When the Funds write a call option, such option is &#147;covered,&#148; meaning that the Funds holds the underlying
instrument subject to being called by the option counterparty. When the Funds write a put option, such option is covered by cash
in an amount sufficient to cover the obligation.</P>
<P style="text-align: left;">
Options on swaps (swaptions) are similar to options on securities except that instead of selling or purchasing the right to buy or sell a security, the writer or purchaser of the swap option is granting or buying the right to enter into a previously
agreed upon interest rate or credit default swap agreement (interest rate risk and/or credit risk) at any time before the expiration of the option.</P>
<P style="text-align: left;">
In purchasing and writing options, the Funds bear the risk of an unfavorable change in the value of the underlying instrument or the risk that the Funds may not be able to enter into a closing transaction due to an illiquid market. Exercise of a written
option could result in the Funds purchasing or selling a security at a price different from the current market value.</P>
<P style="text-align: left;"><B>Swaps:</B> The Funds enter into swap agreements, in which the Funds and a counterparty agree to
either make periodic net payments on a specified notional amount or a net payment upon termination. Swap agreements are privately
negotiated in the OTC market and may be executed on a registered financial and commodities exchange (&#147;centrally cleared swaps&#148;).
In a centrally cleared swap, the Funds typically enter into an agreement with a counterparty; however, performance is guaranteed
by the central clearinghouse reducing or eliminating the Funds&#146; exposure to the credit risk of the counterparty. These payments
received or made by the Funds are recorded in the Statement of Operations as realized gains or losses, respectively. Any upfront
fees paid are recorded as assets and any upfront fees received are recorded as liabilities and amortized over the term of the
swap. Swaps are marked-to-market daily and changes in value are recorded as unrealized appreciation (depreciation). The daily
change in valuation of centrally cleared swaps, if any, is recorded as a receivable or payable for variation margin in the Statement
of Assets and Liabilities. When the swap is terminated, the Funds will record a realized gain or loss equal to the difference
between the proceeds from (or cost of) the closing transaction and the Funds&#146; basis in the contract, if any. Generally, the
basis of the contracts is the premium received or paid. Swap transactions</P>
</DIV>

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<P STYLE="text-align: left; font-size: 14pt; border-top: rgb(57,76,165) 4pt solid">
<FONT color="#0000cc">Notes to Financial Statements (continued)</FONT></P>
<P style="text-align: left;">
involve, to varying degrees, elements of interest rate, credit and market risk in excess of the amounts recognized in the Statement of Assets and Liabilities. Such risks involve the possibility that there will be no liquid market for these agreements,
that the counterparty to the agreements may default on its obligation to perform or disagree as to the meaning of the contractual terms in the agreements, and that there may be unfavorable changes in interest rates and/or market values associated with
these transactions.</P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 20pt; text-align: left">&#149;</TD><TD>Credit default swaps &#151; The Funds enter into credit default
swaps to manage their exposure to the market or certain sectors of the market, to reduce their risk exposure to defaults of corporate
and/or sovereign issuers or to create exposure to corporate and/or sovereign issuers to which they are not otherwise exposed (credit
risk). The Funds enter into credit default swap agreements to provide a measure of protection against the default of an issuer
(as buyer of protection) and/or gain credit exposure to an issuer to which it is not otherwise exposed (as seller of protection).
The Funds may either buy or sell (write) credit default swaps on single-name issuers (corporate or sovereign), a combination or
basket of single-name issuers or traded indexes. Credit default swaps on single-name issuers are agreements in which the buyer
pays fixed periodic payments to the seller in consideration for a guarantee from the seller to make a specific payment should
a negative credit event take place with respect to the referenced entity (e.g., bankruptcy, failure to pay, obligation accelerators,
repudiation, moratorium or restructuring). Credit default swaps on traded indexes are agreements in which the buyer pays fixed
periodic payments to the seller in consideration for a guarantee from the seller to make a specific payment should a write-down,
principal or interest shortfall or default of all or individual underlying securities included in the index occurs. As a buyer,
if an underlying credit event occurs, the Funds will either receive from the seller an amount equal to the notional amount of
the swap and deliver the referenced security or underlying securities comprising the index or receive a net settlement of cash
equal to the notional amount of the swap less the recovery value of the security or underlying securities comprising the index.
As a seller (writer), if an underlying credit event occurs, the Funds will either pay the buyer an amount equal to the notional
amount of the swap and take delivery of the referenced security or underlying securities comprising the index or pay a net settlement
of cash equal to the notional amount of the swap less the recovery value of the security or underlying securities comprising the
index.</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0pt"></TD><TD STYLE="width: 20pt; text-align: left">&#149;</TD><TD>Interest rate swaps &#151; The Trusts enter into interest
rate swaps to gain or reduce exposure to interest rates or to manage duration, the yield curve or interest rate risk by economically
hedging the value of the fixed rate bonds which may decrease when interest rates rise (interest rate risk). Interest rate swaps
are agreements in which one party pays a stream of interest payments, either fixed or floating , for another party&#146;s stream
of interest payments, either fixed or floating, on the same notional amount for a specified period of time. Interest rate floors,
which are a type of interest rate swap, are agreements in which one party agrees to make payments to the other party to the extent
that interest rates fall below a specified rate or floor in return for a premium. In more complex swaps, the notional principal
amount may decline (or amortize) over time.</TD>
</TR></TABLE>
<P style="text-align: left;">
<B>Derivative Financial Instruments Categorized by Risk Exposure:</B></P>
<P STYLE="text-align: center; border-top: Black 1pt solid; margin-bottom: 0"><FONT STYLE="font-size: 8pt"><B>Fair Values of Derivative
Financial Instruments as of August 31, 2012</B></FONT></P>
<P STYLE="text-align: center; border-top: Black 1pt solid; border-bottom: Black 1pt solid; margin-top: 0pt; margin-bottom: 0pt">
<B>Asset Derivatives</B></P>
<DIV align="left"><FONT STYLE="font-size: 8pt"><TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt
Arial">
<TR STYLE="text-align: center; vertical-align: bottom"></FONT><TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD COLSPAN="2" STYLE="border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt"><B>BHL</B></FONT></TD>
	<TD COLSPAN="2" STYLE="border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt"><B>DVF</B></FONT></TD>
	<TD STYLE="border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt"><B>FRA</B></FONT></TD>
	<TD COLSPAN="2" STYLE="border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt"><B>BLW</B></FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; width: 28%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="width: 28%; text-align: center"><FONT STYLE="font-size: 8pt"><B>Statements of Assets</B></FONT></TD>
	<TD STYLE="text-align: left; width: 2%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left; width: 7%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right; width: 2%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left; width: 7%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right; width: 2%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left; width: 2%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left; width: 6%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right; width: 2%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left; width: 8%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: center"><FONT STYLE="font-size: 8pt"><B>and Liabilities Location</B></FONT></TD>
	<TD COLSPAN="9" STYLE="text-align: center; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt"><B>Value</B></FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">Equity contracts</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">Investments at value &#151; unaffiliated</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&#151;</FONT></TD>
	<TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&#151;</FONT></TD>
	<TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&#151;</FONT></TD>
	<TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&#36;</FONT></TD>
	<TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">316,881</FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">Interest rate contracts</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">Net unrealized appreciation <SUP>1</SUP>;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&#151;</FONT></TD>
	<TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&#151;</FONT></TD>
	<TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&#151;</FONT></TD>
	<TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">232,064</FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">Foreign currency exchange contracts</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">Unrealized appreciation on foreign</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&#36;</FONT></TD>
	<TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">145</FONT></TD>
	<TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&#151;</FONT></TD>
	<TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&#36;</FONT></TD>
	<TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">3</FONT></TD>
	<TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">148,795</FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">currency exchange contracts</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">Credit contracts</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">Unrealized appreciation on swaps
 <SUP>1</SUP>;</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&#151;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&#151;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&#151;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">125,337</FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; padding-bottom: 1px"><FONT STYLE="font-size: 8pt"><B>Total</B></FONT></TD>
	<TD STYLE="text-align: left; padding-bottom: 1px"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid"><FONT STYLE="font-size: 8pt">&#36;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 2px solid"><FONT STYLE="font-size: 8pt">145</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 2px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 2px solid"><FONT STYLE="font-size: 8pt">&#151;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 2px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid"><FONT STYLE="font-size: 8pt">&#36;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 2px solid"><FONT STYLE="font-size: 8pt">3</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 2px solid"><FONT STYLE="font-size: 8pt">&#36;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 2px solid"><FONT STYLE="font-size: 8pt">823,077</FONT></TD>
</TR>
<TR>
	<TD COLSPAN="11"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
</TR>
<TR>
	<TD COLSPAN="11" STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD COLSPAN="11" STYLE="text-align: center; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt"><B>Liability Derivatives</B></FONT></TD>
</TR>
<TR>
	<TD COLSPAN="11"></TD></TR>
<TR STYLE="text-align: center; vertical-align: bottom">
	<TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD COLSPAN="2" STYLE="border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt"><B>BHL</B></FONT></TD>
	<TD COLSPAN="2" STYLE="border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt"><B>DVF</B></FONT></TD>
	<TD STYLE="border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt"><B>FRA</B></FONT></TD>
	<TD COLSPAN="2" STYLE="border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt"><B>BLW</B></FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: center"><FONT STYLE="font-size: 8pt"><B>Statements of Assets</B></FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt"><B>and Liabilities Location</B></FONT></TD>
	<TD COLSPAN="9" STYLE="text-align: center; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt"><B>Value</B></FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">Equity contracts</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">Net unrealized depreciation <SUP>1</SUP>;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&#151;</FONT></TD>
	<TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&#151;</FONT></TD>
	<TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&#151;</FONT></TD>
	<TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&#36;</FONT></TD>
	<TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">361,266</FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">Options written at value</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">Interest rate contracts</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">Net unrealized depreciation <SUP>1</SUP>;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&#151;</FONT></TD>
	<TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&#151;</FONT></TD>
	<TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&#151;</FONT></TD>
	<TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">283,383</FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">Unrealized depreciation on swaps <SUP>1</SUP></FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">Foreign currency exchange contracts</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">Unrealized depreciation on foreign</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&#36;</FONT></TD>
	<TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">132,044</FONT></TD>
	<TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&#36;</FONT></TD>
	<TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">99,745</FONT></TD>
	<TD STYLE="text-align: right"></TD>
	<TD STYLE="text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&#36;</FONT></TD>
 <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">221,993</FONT></TD>
	<TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">1,283,988</FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">currency exchange contracts</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">Credit contracts</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">Unrealized depreciation on swaps
 <SUP>1</SUP>;</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">66,320</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">70,339</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">146,707</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">345,353</FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt"><B>Total</B></FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: Black 2px solid"><FONT STYLE="font-size: 8pt">&#36;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: Black 2px solid"><FONT STYLE="font-size: 8pt">198,364</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: Black 2px solid"><FONT STYLE="font-size: 8pt">&#36;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: Black 2px solid"><FONT STYLE="font-size: 8pt">170,084</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: Black 2px solid">&nbsp;</TD>
	<TD STYLE="border-bottom: Black 2px solid; text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&#36;</FONT></TD>
 <TD STYLE="border-bottom: Black 2px solid; text-align: right"><FONT STYLE="font-size: 8pt">368,700</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: Black 2px solid"><FONT STYLE="font-size: 8pt">&#36;</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: Black 2px solid"><FONT STYLE="font-size: 8pt">2,273,990</FONT></TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 8pt; margin-top: 0pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 16pt; text-align: right"><SUP>1</SUP></TD><TD STYLE="width: 4pt"></TD><TD>Includes cumulative appreciation/depreciation on financial futures contracts and centrally
cleared swaps as reported in the Schedules of Investments. Only current day&#146;s variation margin is reported within the Statements
of Assets and Liabilities.</TD>
</TR></TABLE>
</DIV>

<!-- Field: Page; Sequence: 74; Value: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; padding-top: 6pt; padding-bottom: 12pt; border-top: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 9pt Arial, Helvetica, Sans-Serif"><TR><TD STYLE="text-align: left; width: 33%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->74<!-- Field: /Sequence --></TD><TD STYLE="text-align: center; width: 34%">ANNUAL REPORT</TD><TD STYLE="text-align: right; width: 33%">AUGUST 31, 2012</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->




<A name="page_75"></A><BR>

<a name="_bclPageBorder75"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<P STYLE="text-align: left; font-size: 14pt; border-top: rgb(57,76,165) 4pt solid">
<FONT color="#0000cc">Notes to Financial Statements (continued)</FONT></P>

<DIV align="left"><B><TABLE border=0 style="width:100%" cellspacing=0 cellpadding=0 style="font-family: 'Arial';font-size: 10pt;">
<TR STYLE="vertical-align: bottom"></B><TD COLSPAN="13" STYLE="text-align: center; vertical-align: bottom; border-top: Black 1px solid; border-bottom: Black 1px solid"><B>The Effect of Derivative Financial Instruments
        in the Statements of Operations <BR>
Year Ended August 31, 2012</B></TD></TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD COLSPAN="12" STYLE="text-align: center; border-bottom: #000000 1px solid">
<B>Net Realized Gain (Loss) From</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD COLSPAN="3" STYLE="border-bottom: #000000 1px solid; text-align: center; vertical-align: bottom">
<B>BHL</B></TD>
	<TD COLSPAN="3" STYLE="border-bottom: #000000 1px solid; text-align: center; vertical-align: bottom">
<B>DVF</B></TD>
	<TD COLSPAN="3" STYLE="border-bottom: #000000 1px solid; text-align: center; vertical-align: bottom">
<B>FRA</B></TD>
	<TD COLSPAN="3" STYLE="border-bottom: #000000 1px solid; text-align: center; vertical-align: bottom">
<B>BLW</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; width: 44%">
Equity contracts:</TD>
	<TD STYLE="text-align: left; width: 3%; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; width: 10%">
&nbsp;</TD>
	<TD STYLE="text-align: left; width: 2%">
&nbsp;</TD>
	<TD STYLE="text-align: left; width: 2%; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; width: 8%">
&nbsp;</TD>
	<TD STYLE="text-align: left; width: 2%">
&nbsp;</TD>
	<TD STYLE="text-align: left; width: 2%; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; width: 8%">
&nbsp;</TD>
	<TD STYLE="text-align: left; width: 2%">
&nbsp;</TD>
	<TD STYLE="text-align: left; width: 2%; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; width: 7%">
&nbsp;</TD>
	<TD STYLE="text-align: left; width: 2%">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Financial futures contracts</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right">
&#151;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right">
&#151;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right">
&#151;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right">
128,748</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Interest rate contracts:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Financial futures contracts</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right">
&#151;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right">
&#151;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right">
&#151;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right">
(43,856</TD>
	<TD STYLE="text-align: left">
)</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Swaps</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right">
&#151;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right">
&#151;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right">
&#151;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right">
(29,126</TD>
	<TD STYLE="text-align: left">
)</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Options <SUP>1</SUP></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right">
&#151;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right">
&#151;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right">
&#151;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right">
176,120</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt">
Foreign currency exchange contracts:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Foreign currency transactions</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right">
720,984</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right">
569,395</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right">
798,304</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right">
2,717,948</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt">
Credit contracts:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Swaps</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid">
(20,125</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
)</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid">
(21,400</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
)</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid">
(44,658</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
)</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid">
(286,928</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
)</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt">
<B>Total</B></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 2px solid">
700,859</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 2px solid">
547,995</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 2px solid">
753,646</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 2px solid">
2,662,906</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 2px solid">
&nbsp;</TD>
</TR>
<TR>
	<TD colspan=13>
&nbsp;</TD>
</TR>
<TR>
	<TD colspan=13>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-top: Black 1pt solid">
&nbsp;</TD>
	<TD COLSPAN="12" STYLE="text-align: center; border-bottom: #000000 1px solid; border-top: Black 1pt solid">
<B>Net Change in Unrealized Appreciation/Depreciation on</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD COLSPAN="3" STYLE="border-bottom: #000000 1px solid; text-align: center; vertical-align: bottom">
<B>BHL</B></TD>
	<TD COLSPAN="3" STYLE="border-bottom: #000000 1px solid; text-align: center; vertical-align: bottom">
<B>DVF</B></TD>
	<TD COLSPAN="3" STYLE="border-bottom: #000000 1px solid; text-align: center; vertical-align: bottom">
<B>FRA</B></TD>
	<TD COLSPAN="3" STYLE="border-bottom: #000000 1px solid; text-align: center; vertical-align: bottom">
<B>BLW</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt">
Equity contracts:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Financial futures contracts</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right">
&#151;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right">
&#151;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right">
&#151;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right">
(288,888</TD>
	<TD STYLE="text-align: left">
)</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Options <SUP>1</SUP></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right">
&#151;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right">
&#151;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right">
&#151;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right">
2,103</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt">
Interest rate contracts:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Financial futures contracts</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right">
&#151;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right">
&#151;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right">
&#151;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right">
45,855</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Swaps</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right">
&#151;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right">
&#151;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right">
&#151;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right">
(260,243</TD>
	<TD STYLE="text-align: left">
)</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Options <SUP>1</SUP></TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right">
&#151;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right">
&#151;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right">
&#151;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right">
104,611</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt">
Foreign currency exchange contracts:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Foreign currency translations</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right">
(105,988</TD>
	<TD STYLE="text-align: left">
)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right">
(77,214</TD>
	<TD STYLE="text-align: left">
)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right">
(164,440</TD>
	<TD STYLE="text-align: left">
)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right">
(579,435</TD>
	<TD STYLE="text-align: left">
)</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt">
Credit contracts:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Swaps</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid">
(66,320</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
)</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid">
(70,339</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
)</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid">
(146,707</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
)</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid">
(299,997</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
)</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt">
<B>Total</B></TD>
	<TD STYLE="text-align: left; border-bottom: Black 2px solid; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2px solid">
(172,308</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2px solid">
)</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2px solid; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2px solid">
(147,553</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2px solid">
)</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2px solid; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2px solid">
(311,147</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2px solid">
)</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2px solid; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2px solid">
(1,275,994</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2px solid">
)</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt">
Interest rate contracts:.</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 8pt; margin-top: 0pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 16pt; text-align: right"><SUP>1</SUP></TD><TD STYLE="width: 4pt"></TD><TD>Options purchased are included in the net realized gain (loss) from investments and
net change in unrealized appreciation/depreciation on investments.</TD>
</TR></TABLE>
<P STYLE="text-align: left; margin-top: 9">
For the year ended August 31, 2012, the average quarterly balances of outstanding derivative financial instruments were as follows:</P>
<DIV align="left">
<TABLE border=0 style="width:100%" cellspacing=0 cellpadding=0 style="font-family: 'Arial';font-size: 10pt;">
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: Black 1px solid; border-top: Black 1px solid">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-bottom: Black 1px solid; border-top: Black 1px solid">
<B>BHL</B></TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-bottom: Black 1px solid; border-top: Black 1px solid">
<B>DVF</B></TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-bottom: Black 1px solid; border-top: Black 1px solid">
<B>FRA</B></TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-bottom: Black 1px solid; border-top: Black 1px solid">
<B>BLW</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; width: 51%">
Financial future contracts:</TD>
	<TD STYLE="text-align: left; width: 2%; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left; width: 10%">
&nbsp;</TD>
	<TD STYLE="text-align: left; width: 2%; vertical-align: bottom; padding-left: 6">
&nbsp;</TD>
	<TD STYLE="text-align: left; width: 9%">
&nbsp;</TD>
	<TD NOWRAP STYLE="text-align: left; width: 2%; vertical-align: bottom; padding-left: 6">
&nbsp;</TD>
	<TD STYLE="text-align: left; width: 9%">
&nbsp;</TD>
	<TD STYLE="text-align: left; width: 2%; vertical-align: bottom; padding-left: 6">
&nbsp;</TD>
	<TD STYLE="text-align: left; width: 8%">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Average number of contracts purchased</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right">
&#151;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom; padding-left: 6">
&nbsp;</TD>
	<TD STYLE="text-align: right">
&#151;</TD>
	<TD NOWRAP STYLE="text-align: left; vertical-align: bottom; padding-left: 6">
&nbsp;</TD>
	<TD STYLE="text-align: right">
&#151;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom; padding-left: 6">
&nbsp;</TD>
	<TD STYLE="text-align: right">
114</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Average number of contracts sold</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right">
&#151;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom; padding-left: 6">
&nbsp;</TD>
	<TD STYLE="text-align: right">
&#151;</TD>
	<TD NOWRAP STYLE="text-align: left; vertical-align: bottom; padding-left: 6">
&nbsp;</TD>
	<TD STYLE="text-align: right">
&#151;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom; padding-left: 6">
&nbsp;</TD>
	<TD STYLE="text-align: right">
48</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Average notional value of contracts purchased</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right">
&#151;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom; padding-left: 6">
&nbsp;</TD>
	<TD STYLE="text-align: right">
&#151;</TD>
	<TD NOWRAP STYLE="text-align: left; vertical-align: bottom; padding-left: 6">
&nbsp;</TD>
	<TD STYLE="text-align: right">
&#151;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom; padding-left: 6">
&#36;</TD>
	<TD STYLE="text-align: right">
20,948,182</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Average notional value of contracts sold</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right">
&#151;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom; padding-left: 6">
&nbsp;</TD>
	<TD STYLE="text-align: right">
&#151;</TD>
	<TD NOWRAP STYLE="text-align: left; vertical-align: bottom; padding-left: 6">
&nbsp;</TD>
	<TD STYLE="text-align: right">
&#151;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom; padding-left: 6">
&#36;</TD>
	<TD STYLE="text-align: right">
5,189,097</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Foreign currency exchange contracts:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom; padding-left: 6">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD NOWRAP STYLE="text-align: left; vertical-align: bottom; padding-left: 6">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom; padding-left: 6">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Average number of contracts &#151; US dollars purchased</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right">
4</TD>
	<TD STYLE="text-align: left; vertical-align: bottom; padding-left: 6">
&nbsp;</TD>
	<TD STYLE="text-align: right">
3</TD>
	<TD NOWRAP STYLE="text-align: left; vertical-align: bottom; padding-left: 6">
&nbsp;</TD>
	<TD STYLE="text-align: right">
5</TD>
	<TD STYLE="text-align: left; vertical-align: bottom; padding-left: 6">
&nbsp;</TD>
	<TD STYLE="text-align: right">
9</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Average number of contracts &#151; US dollars sold</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right">
2</TD>
	<TD STYLE="text-align: left; vertical-align: bottom; padding-left: 6">
&nbsp;</TD>
	<TD STYLE="text-align: right">
2</TD>
	<TD NOWRAP STYLE="text-align: left; vertical-align: bottom; padding-left: 6">
&nbsp;</TD>
	<TD STYLE="text-align: right">
2</TD>
	<TD STYLE="text-align: left; vertical-align: bottom; padding-left: 6">
&nbsp;</TD>
	<TD STYLE="text-align: right">
6</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Average US dollar amounts purchased</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right">
5,828,736</TD>
	<TD STYLE="text-align: left; vertical-align: bottom; padding-left: 6">
&#36;</TD>
	<TD STYLE="text-align: right">
4,913,799</TD>
	<TD NOWRAP STYLE="text-align: left; vertical-align: bottom; padding-left: 6">
&#36;</TD>
	<TD STYLE="text-align: right">
9,963,120</TD>
	<TD STYLE="text-align: left; vertical-align: bottom; padding-left: 6">
&#36;</TD>
	<TD STYLE="text-align: right">
57,358,063</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Average US dollar amounts sold</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right">
382,607</TD>
	<TD STYLE="text-align: left; vertical-align: bottom; padding-left: 6">
&#36;</TD>
	<TD STYLE="text-align: right">
383,423</TD>
	<TD NOWRAP STYLE="text-align: left; vertical-align: bottom; padding-left: 6">
&#36;</TD>
	<TD STYLE="text-align: right">
1,172,849</TD>
	<TD STYLE="text-align: left; vertical-align: bottom; padding-left: 6">
&#36;</TD>
	<TD STYLE="text-align: right">
8,417,280</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Options:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom; padding-left: 6">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD NOWRAP STYLE="text-align: left; vertical-align: bottom; padding-left: 6">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom; padding-left: 6">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Average number of option contracts purchased</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right">
&#151;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom; padding-left: 6">
&nbsp;</TD>
	<TD STYLE="text-align: right">
13</TD>
	<TD NOWRAP STYLE="text-align: left; vertical-align: bottom; padding-left: 6">
&nbsp;</TD>
	<TD STYLE="text-align: right">
20</TD>
	<TD STYLE="text-align: left; vertical-align: bottom; padding-left: 6">
&nbsp;</TD>
	<TD STYLE="text-align: right">
3,546</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Average number of option contracts written</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right">
&#151;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom; padding-left: 6">
&nbsp;</TD>
	<TD STYLE="text-align: right">
&#151;</TD>
	<TD NOWRAP STYLE="text-align: left; vertical-align: bottom; padding-left: 6">
&nbsp;</TD>
	<TD STYLE="text-align: right">
&#151;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom; padding-left: 6">
&nbsp;</TD>
	<TD STYLE="text-align: right">
1,500</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Average notional value of option contracts purchased</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right">
&#151;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom; padding-left: 6">
&#36;</TD>
	<TD STYLE="text-align: right">
12,257</TD>
	<TD NOWRAP STYLE="text-align: left; vertical-align: bottom; padding-left: 6">
&#36;</TD>
	<TD STYLE="text-align: right">
18,857</TD>
	<TD STYLE="text-align: left; vertical-align: bottom; padding-left: 6">
&#36;</TD>
	<TD STYLE="text-align: right">
4,855,872</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Average notional value of option contracts written</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right">
&#151;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom; padding-left: 6">
&nbsp;</TD>
	<TD STYLE="text-align: right">
&#151;</TD>
	<TD NOWRAP STYLE="text-align: left; vertical-align: bottom; padding-left: 6">
&nbsp;</TD>
	<TD STYLE="text-align: right">
&#151;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom; padding-left: 6">
&#36;</TD>
	<TD STYLE="text-align: right">
1,987,500</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Average number of swaption contracts written</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right">
&#151;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom; padding-left: 6">
&nbsp;</TD>
	<TD STYLE="text-align: right">
&#151;</TD>
	<TD NOWRAP STYLE="text-align: left; vertical-align: bottom; padding-left: 6">
&nbsp;</TD>
	<TD STYLE="text-align: right">
&#151;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom; padding-left: 6">
&nbsp;</TD>
	<TD STYLE="text-align: right">
1</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Average notional value of swaption contracts written</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right">
&#151;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom; padding-left: 6">
&nbsp;</TD>
	<TD STYLE="text-align: right">
&#151;</TD>
	<TD NOWRAP STYLE="text-align: left; vertical-align: bottom; padding-left: 6">
&nbsp;</TD>
	<TD STYLE="text-align: right">
&#151;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom; padding-left: 6">
&#36;</TD>
	<TD STYLE="text-align: right">
1,925,000</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Credit default swaps:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom; padding-left: 6">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD NOWRAP STYLE="text-align: left; vertical-align: bottom; padding-left: 6">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom; padding-left: 6">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Average number of contracts &#151; buy protection</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right">
1</TD>
	<TD STYLE="text-align: left; vertical-align: bottom; padding-left: 6">
&nbsp;</TD>
	<TD STYLE="text-align: right">
1</TD>
	<TD NOWRAP STYLE="text-align: left; vertical-align: bottom; padding-left: 6">
&nbsp;</TD>
	<TD STYLE="text-align: right">
1</TD>
	<TD STYLE="text-align: left; vertical-align: bottom; padding-left: 6">
&nbsp;</TD>
	<TD STYLE="text-align: right">
4</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Average number of contracts &#151; sell protection</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right">
&#151;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom; padding-left: 6">
&nbsp;</TD>
	<TD STYLE="text-align: right">
&#151;</TD>
	<TD NOWRAP STYLE="text-align: left; vertical-align: bottom; padding-left: 6">
&nbsp;</TD>
	<TD STYLE="text-align: right">
&#151;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom; padding-left: 6">
&nbsp;</TD>
	<TD STYLE="text-align: right">
1</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Average notional value-buy protection</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right">
408,375</TD>
	<TD STYLE="text-align: left; vertical-align: bottom; padding-left: 6">
&#36;</TD>
	<TD STYLE="text-align: right">
433,125</TD>
	<TD NOWRAP STYLE="text-align: left; vertical-align: bottom; padding-left: 6">
&#36;</TD>
	<TD STYLE="text-align: right">
903,375</TD>
	<TD STYLE="text-align: left; vertical-align: bottom; padding-left: 6">
&#36;</TD>
	<TD STYLE="text-align: right">
15,127,438</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Average notional value-sell protection</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right">
&#151;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom; padding-left: 6">
&nbsp;</TD>
	<TD STYLE="text-align: right">
&#151;</TD>
	<TD NOWRAP STYLE="text-align: left; vertical-align: bottom; padding-left: 6">
&nbsp;</TD>
	<TD STYLE="text-align: right">
&#151;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom; padding-left: 6">
&#36;</TD>
	<TD STYLE="text-align: right">
8,125,000</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Interest rate swaps:</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom; padding-left: 6">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD NOWRAP STYLE="text-align: left; vertical-align: bottom; padding-left: 6">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom; padding-left: 6">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 5.98pt">
Average number of contracts &#151; pays fixed rate</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right">
&#151;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom; padding-left: 6">
&nbsp;</TD>
	<TD STYLE="text-align: right">
&#151;</TD>
	<TD NOWRAP STYLE="text-align: left; vertical-align: bottom; padding-left: 6">
&nbsp;</TD>
	<TD STYLE="text-align: right">
&#151;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom; padding-left: 6">
&nbsp;</TD>
	<TD STYLE="text-align: right">
1</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 5.98pt">
Average notional value &#151; pays fixed rate</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid">
&#151;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom; padding-left: 6">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid">
&#151;</TD>
	<TD NOWRAP STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom; padding-left: 6">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid">
&#151;</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom; padding-left: 6">
&#36;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid">
7,250,000</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
</DIV>

<!-- Field: Page; Sequence: 75 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; padding-top: 6pt; padding-bottom: 12pt; border-top: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 9pt Arial, Helvetica, Sans-Serif"><TR><TD STYLE="text-align: left; width: 33%">AUGUST 31, 2012</TD><TD STYLE="text-align: center; width: 34%">ANNUAL REPORT</TD><TD STYLE="text-align: right; width: 33%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->75<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->




<A name="page_76"></A><BR>

<a name="_bclPageBorder76"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<P STYLE="text-align: left; font-size: 14pt; border-top: rgb(57,76,165) 4pt solid">
<FONT color="#0000cc">Notes to Financial Statements (continued)</FONT></P>
<P style="text-align: left;"><B>3. Investment Advisory Agreement and Other Transactions with Affiliates:</B></P>
<P style="text-align: left;">
The PNC Financial Services Group, Inc. (&#147;PNC&#148;) is the largest stockholder and an affiliate, for 1940 Act purposes, of BlackRock, Inc. (&#147;BlackRock&#148;).</P>
<P style="text-align: left;">
Each Fund entered into an Investment Advisory Agreement with BlackRock Advisors, LLC (the &#147;Manager&#148;), the Funds&#146; investment advisor, an indirect, wholly owned subsidiary of BlackRock, to provide investment advisory and administration
services. The Manager is responsible for the management of each Fund&#146;s portfolio and provides the necessary personnel, facilities, equipment and certain other services necessary to the operations of each Fund. For such services, each Fund pays the
Manager a monthly fee based on a percentage of each Fund&#146;s average daily net assets, plus the proceeds of any outstanding borrowings used for leverage as follows:</P>
<DIV align="left">
<TABLE border=0 style="width:100%" cellspacing=0 cellpadding=0 style="font-family: 'Arial';font-size: 10pt;">
<TR valign="bottom">
	<TD STYLE="text-align: left; border-top: Black 1px solid">
BHL</TD>
	<TD STYLE="text-align: right; border-top: Black 1px solid">
1.00</TD>
	<TD STYLE="text-align: left; width: 5%; border-top: Black 1px solid">
%</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
DVF</TD>
	<TD align=right>
0.75</TD>
	<TD align=left width=5%>
%</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
FRA</TD>
	<TD align=right>
0.75</TD>
	<TD align=left width=5%>
%</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=45% style="border-bottom:1px solid #000000;">
BLW</TD>
	<TD align=right width=48% style="border-bottom:1px solid #000000;">
0.55</TD>
	<TD align=left width=5% style="border-bottom:1px solid #000000;">
%</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: left;">
The Manager voluntarily agreed to waive its investment advisory fees by the amount of investment advisory fees each Fund pays to the Manager indirectly through its investment in affiliated money market funds. However, the Manager does not waive its
investment advisory fees by the amount of investment advisory fees paid in connection with each Fund&#146;s investment in other affiliated investment companies, if any. These amounts are included in, fees waived by Manager in the Statements of
Operations.</P>
<P style="text-align: left;">
The Manager provides investment management and other services to the Taxable Subsidiaries. The Manager does not receive separate compensation from the Taxable Subsidiaries for providing investment management or administrative services. However, each Fund
pays the Manager based on the Fund&#146;s net assets which includes the assets of the Taxable Subsidiaries.</P>
<P style="text-align: left;">
The Manager entered into a sub-advisory agreement with BlackRock Financial Management, Inc. (&#147;BFM&#148;), an affiliate of the Manager. The Manager pays BFM, for services it provides, a monthly fee that is a percentage of the investment advisory fees
paid by each Fund to the Manager.</P>
<P style="text-align: left;">
Certain officers and/or Directors of the Funds are officers and/or Directors of BlackRock or its affiliates. The Funds reimburse the Manager for a portion of the compensation paid to the Funds&#146; Chief Compliance Officer.</P>
<P style="text-align: left;"><B>4. Investments:</B></P>
<P style="text-align: left;">
Purchases and sales of investments including paydowns and excluding short-term securities and US government securities for the year ended August 31, 2012 were as follows:</P>
<DIV align="left">
<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial">
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: Black 1px solid; border-top: Black 1pt solid">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-bottom: Black 1px solid; border-top: Black 1pt solid">
<B>Purchases</B></TD>

    <TD STYLE="text-align: center; border-bottom: Black 1px solid; border-top: Black 1pt solid">&nbsp;</TD><TD COLSPAN="2" STYLE="text-align: center; border-bottom: Black 1px solid; vertical-align: bottom; border-top: Black 1pt solid"><B>Sales</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; width: 58%">
BHL</TD>
	<TD STYLE="text-align: right; width: 1%">
&#36;</TD>
	<TD STYLE="text-align: center; width: 18%">
&nbsp;&nbsp;99,658,538</TD>

    <TD STYLE="width: 9%">&nbsp;</TD><TD STYLE="text-align: left; width: 1%">
&#36;</TD>
	<TD STYLE="text-align: right; width: 13%">
89,086,222</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
DVF</TD>
	<TD STYLE="text-align: right">
&#36;</TD>
	<TD STYLE="text-align: center">
107,893,306</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; text-indent: 0pt">
&#36;</TD>
	<TD STYLE="text-align: right">
96,003,424</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
FRA</TD>
	<TD STYLE="text-align: right">
&#36;</TD>
	<TD STYLE="text-align: center">
220,299,496</TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left; text-indent: 0pt">
&#36;</TD>
	<TD STYLE="text-align: right">
195,618,713</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
BLW</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid">
&#36;</TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid">
513,272,430</TD>

    <TD STYLE="text-align: center; border-bottom: #000000 1px solid">&nbsp;</TD><TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 0pt">
&#36;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid">
452,222,610</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: left;">
Purchases and sales of US government securities for BLW for the year ended August 31, 2012 were &#36;13,534,081 and &#36;13,549,018, respectively.</P>
<P style="text-align: left;">
Transactions in options written for the year ended August 31, 2012, were as follows:</P>
<DIV align="left">
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; vertical-align: bottom; border-top: Black 1pt solid"><B>&nbsp;</B></TD><TD STYLE="padding-bottom: 1pt; text-align: center; vertical-align: bottom; border-top: Black 1pt solid"><B>&nbsp;</B></TD>
    <TD COLSPAN="11" STYLE="text-align: center; vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid"><B>Calls</B></TD><TD STYLE="padding-bottom: 1pt; text-align: center; vertical-align: bottom; border-top: Black 1pt solid"><B>&nbsp;</B></TD>
    <TD COLSPAN="11" STYLE="text-align: center; vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid"><B>Puts</B></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">Notional</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">Premiums</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">Notional</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">Premiums</TD></TR>
<TR>
    <TD STYLE="font-weight: bold; text-align: left; border-bottom: Black 1pt solid">BLW</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Contracts</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">(000)</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Received</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Contracts</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">(000)</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Received</TD></TR>
<TR>
    <TD STYLE="width: 40%; text-align: left; text-indent: 0pt">Outstanding options, beginning of year</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 6%; text-align: right">&mdash;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 6%; text-align: right">7,400</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 6%; text-align: right">76,220</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 6%; text-align: right">&mdash;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 6%; text-align: right">15,100</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 6%; text-align: right">229,830</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR>
    <TD STYLE="text-align: left; text-indent: 0pt">Options written</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">6,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">75,600</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR>
    <TD STYLE="text-align: left; text-indent: 0pt">Options exercised</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(7,700</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(30,030</TD><TD STYLE="text-align: left">)</TD></TR>
<TR>
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: 0pt">Options expired</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 1pt; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(7,400</TD><TD STYLE="padding-bottom: 1pt; text-align: left; border-bottom: Black 1pt solid">)</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(76,220</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left; vertical-align: bottom">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 1pt; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(7,400</TD><TD STYLE="padding-bottom: 1pt; text-align: left; border-bottom: Black 1pt solid">)</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(199,800</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left; vertical-align: bottom">)</TD></TR>
<TR>
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: 0pt">Outstanding options, end of year</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 1pt; text-align: left; border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 1pt; text-align: left; border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">&mdash;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">6,000</TD><TD STYLE="padding-bottom: 1pt; text-align: left; border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">&mdash;</TD><TD STYLE="padding-bottom: 1pt; text-align: left; border-bottom: Black 2px solid">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 2px solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2px solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">75,600</TD><TD STYLE="border-bottom: Black 2px solid; text-align: right">&nbsp;</TD></TR>
</TABLE>

</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: left;"><B>5. Income Tax Information:</B></P>
<P style="text-align: left;">
US GAAP requires that certain components of net assets be adjusted to reflect permanent differences between financial and tax reporting. These reclassifications have no effect on net assets or net asset values per share. The following permanent
differences as of August 31, 2012 attributable to the accounting for swap agreements, amortization methods on fixed income securities, foreign currency transactions, income recognized from pass-through entities and a liquidating distribution of a
wholly-owned subsidiary were reclassified to the following accounts:</P>
<DIV align="left">
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; border-top: Black 1pt solid; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; border-top: Black 1pt solid">BHL</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: left; border-bottom: Black 1pt solid; border-top: Black 1pt solid">DVF</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: left; border-bottom: Black 1pt solid; border-top: Black 1pt solid">FRA</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; border-top: Black 1pt solid">BLW</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 40%; text-align: left">Paid-in capital</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">(6</TD><TD STYLE="width: 1%; text-align: left">)</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">(419,008</TD><TD STYLE="width: 1%; text-align: left">)</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">(15</TD><TD STYLE="width: 1%; text-align: left">)</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">&mdash;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Undistributed (distribution in excess of) net investment income</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">724,273</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">1,027,785</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">914,664</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">2,928,592</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Accumulated net realized loss</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(724,267</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">)</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(608,777</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">)</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(914,649</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">)</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(2,928,592</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">)</TD></TR>
</TABLE>

</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: left;">
The tax character of distributions paid during the fiscal years ended August 31, 2012 and August 31, 2011 was as follows:</P>
<DIV align="left">
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">BHL</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">DVF</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">FRA</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">BLW</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 35%; text-align: left">Ordinary income</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 9%; text-align: right">8/31/12</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 9%; text-align: right">7,217,171</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 9%; text-align: right">8,705,562</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 9%; text-align: right">17,066,400</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 9%; text-align: right">48,930,681</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">8/31/11</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">7,140,522</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">8,509,258</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">15,965,641</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">45,830,635</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Tax return of capital</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="text-align: right">8/31/11</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">739,496</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,072,049</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2pt">Total</TD><TD STYLE="padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2pt; text-align: left">&nbsp;</TD><TD STYLE="text-align: right">8/31/12</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">7,217,171</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">8,705,562</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">17,066,400</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">48,930,681</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 2pt">&nbsp;</TD><TD STYLE="padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2pt; text-align: left">&nbsp;</TD><TD STYLE="text-align: right">8/31/11</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">7,140,522</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">9,248,754</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">17,037,690</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">45,830,635</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD></TR>
</TABLE>

</DIV>
<P style="MARGIN:0px">&nbsp;</P>
</DIV>

<!-- Field: Page; Sequence: 76; Value: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; padding-top: 6pt; padding-bottom: 12pt; border-top: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 9pt Arial, Helvetica, Sans-Serif"><TR><TD STYLE="text-align: left; width: 33%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->76<!-- Field: /Sequence --></TD><TD STYLE="text-align: center; width: 34%">ANNUAL REPORT</TD><TD STYLE="text-align: right; width: 33%">AUGUST 31, 2012</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<A name="page_77"></A><BR>

<a name="_bclPageBorder77"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<P STYLE="text-align: left; font-size: 14pt; border-top: rgb(57,76,165) 4pt solid">
<FONT color="#0000cc">Notes to Financial Statements (continued)</FONT></P>
<P style="text-align: left;">
As of August 31, 2012, the tax components of accumulated net losses were as follows:</P>
<DIV align="left">
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; border-top: Black 1pt solid; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="font-weight: bold; border-top: Black 1pt solid; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; border-top: Black 1pt solid">BHL</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; border-top: Black 1pt solid">DVF</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; border-top: Black 1pt solid">FRA</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; border-top: Black 1pt solid">BLW</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 40%; text-align: left">Undistributed ordinary income</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">1,660,136</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">600,465</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">2,138,183</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">7,775,401</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Capital loss carryforwards</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(3,695,649</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(88,878,920</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(73,249,870</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(73,744,438</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Net unrealized gains (losses) <SUP>1</SUP></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,943,600</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(5,463,837</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1,171,025</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">6,325,173</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: 0pt">Qualified late-year losses <SUP>2</SUP></TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(526,566</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">)</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(719,890</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">)</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(970,838</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">)</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(457,423</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2pt; text-indent: 0pt">Total</TD><TD STYLE="padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">(618,479</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">)</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">(94,462,182</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">)</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">(73,253,550</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">)</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">(60,101,287</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">)</TD></TR>
</TABLE>

</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 8pt; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20pt"></TD><TD STYLE="width: 20pt; text-align: left"><SUP>1</SUP></TD><TD>The differences between book-basis and tax-basis net unrealized
gains (losses) were attributable primarily to the tax deferral of losses on wash sales, amortization methods for premiums and
discounts on fixed income securities, the accrual of income on securities in default, the realization for tax purposes of unrealized
gains/losses on certain futures and foreign currency contracts, the timing and recognition of partnership income, the accounting
for swap agreements, the deferral of compensation to directors and investments in wholly owned subsidiaries.</TD>
</TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 8pt; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20pt"></TD><TD STYLE="width: 20pt; text-align: left"><SUP>2</SUP></TD><TD>The Funds have elected to defer certain qualified late-year
losses and recognize such losses in the year ending August 31, 2013.</TD>
</TR></TABLE>
<P style="text-align: left;">
As of August 31, 2012, the Funds had capital loss carryforwards available to offset future realized capital gains through the indicated expiration dates as follows:</P>
<DIV align="left">
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left; vertical-align: bottom; border-top: Black 1pt solid">Expires August 31,</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; border-top: Black 1pt solid">BHL</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; border-top: Black 1pt solid">DVF</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; border-top: Black 1pt solid">FRA</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; border-top: Black 1pt solid">BLW</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 16%; text-align: left; vertical-align: bottom">2013</TD><TD STYLE="width: 1%; text-align: left; vertical-align: bottom">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 16%; text-align: right">&mdash;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 16%; text-align: right">&mdash;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 15%; text-align: right">691,829</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 15%; text-align: right">&mdash;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; vertical-align: bottom">2014</TD><TD STYLE="text-align: left; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">1,755,694</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; vertical-align: bottom">2015</TD><TD STYLE="text-align: left; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,237,399</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; vertical-align: bottom">2016</TD><TD STYLE="text-align: left; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,444,704</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">475,453</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">21,882,229</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; vertical-align: bottom">2017</TD><TD STYLE="text-align: left; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">20,249,830</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">20,954,032</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">9,996,868</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; vertical-align: bottom">2018</TD><TD STYLE="text-align: left; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">3,695,649</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">52,502,532</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">43,990,722</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">37,509,275</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; vertical-align: bottom">2019</TD><TD STYLE="text-align: left; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">7,153,981</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,206,081</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-bottom: 1pt; text-align: left; vertical-align: bottom">No expiration date<SUP>3</SUP></TD><TD STYLE="padding-bottom: 1pt; text-align: left; vertical-align: bottom">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">3,534,780</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">4,931,753</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">4,356,066</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 2pt; font-weight: bold; text-align: left; vertical-align: bottom"><B>Total</B></TD><TD STYLE="padding-bottom: 2pt; font-weight: bold; text-align: left; vertical-align: bottom">&nbsp;</TD><TD STYLE="padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">3,695,649</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">88,878,920</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">73,249,870</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: right">73,744,438</TD><TD STYLE="border-bottom: Black 2pt solid; text-align: left">&nbsp;</TD></TR>
</TABLE>

</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P STYLE="text-align: left; font-size: 8pt"> <SUP>3 </SUP>Must be utilized prior to losses subject to expiration.</P>
<P style="text-align: left;">
During the year ended August 31, 2012, BHL utilized &#36;147,902 of its capital loss carryforward.</P>
<P style="text-align: left;">
As of August 31, 2012, gross unrealized appreciation and gross unrealized depreciation based on cost for federal income tax purposes were as follows:</P>
<DIV align="left">
<TABLE border=0 style="width:100%" cellspacing=0 cellpadding=0 style="font-family: 'Arial';font-size: 10pt;">
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: Black 1px solid; border-top: Black 1pt solid">
&nbsp;</TD>
	<TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1px solid; border-top: Black 1pt solid">
<B>BHL</B></TD>
	<TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1px solid; border-top: Black 1pt solid">
<B>DVF</B></TD>
	<TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1px solid; border-top: Black 1pt solid">
<B>FRA</B></TD>
	<TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1px solid; border-top: Black 1pt solid">
<B>BLW</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; width: 42%; text-indent: 0pt; padding-bottom: 2pt">
Tax cost</TD>
	<TD STYLE="text-align: left; width: 2%; border-bottom: Black 2pt solid; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right; width: 13%; border-bottom: Black 2pt solid">
184,374,583</TD>
	<TD STYLE="text-align: left; width: 2%; border-bottom: Black 2pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; width: 2%; border-bottom: Black 2pt solid; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right; width: 8%; border-bottom: Black 2pt solid">
201,769,787</TD>
	<TD STYLE="text-align: left; width: 2%; border-bottom: Black 2pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; width: 2%; border-bottom: Black 2pt solid; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right; width: 8%; border-bottom: Black 2pt solid">
401,579,518</TD>
	<TD STYLE="text-align: left; width: 2%; border-bottom: Black 2pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; width: 2%; border-bottom: Black 2pt solid; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right; width: 8%; border-bottom: Black 2pt solid">
932,565,934</TD>
	<TD STYLE="text-align: left; width: 2%; border-bottom: Black 2pt solid">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt">
Gross unrealized appreciation</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right">
3,427,418</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right">
4,319,730</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right">
7,905,398</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right">
32,380,982</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Gross unrealized depreciation</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid">
(1,417,575</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
)</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid">
(7,685,537</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
)</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid">
(7,328,646</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
)</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid">
(23,010,831</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
)</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; padding-bottom: 2pt">
Net unrealized appreciation (depreciation)</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
2,009,843</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
(3,365,807</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">
)</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
576,752</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right; border-bottom: Black 2pt solid">
9,370,151</TD>
	<TD STYLE="text-align: left; border-bottom: Black 2pt solid">
&nbsp;</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: left;"><B>6. Borrowings:</B></P>
<P style="text-align: left;">
BHL, DVF and FRA entered into a senior committed secured, 364-day revolving line of credit and a separate security agreement (the &#147;SSB Agreement&#148;) with State Street Bank and Trust Company (&#147;SSB&#148;). The Funds have granted a security
interest in substantially all of their assets to SSB. The SSB Agreement allowed for the following maximum commitment amounts:</P>
<DIV align="left">
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="text-align: left; vertical-align: bottom; border-top: Black 1pt solid">&nbsp;</TD><TD STYLE="font-weight: bold; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; vertical-align: bottom; border-top: Black 1pt solid">Commitment</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="text-align: center; vertical-align: bottom; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; vertical-align: bottom">Amounts</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="text-align: left; vertical-align: bottom">BHL</TD><TD STYLE="text-align: left; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">63,300,000</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="text-align: left; vertical-align: bottom">DVF</TD><TD STYLE="text-align: left; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">66,800,000</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left; vertical-align: bottom; width: 1%">FRA</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left; vertical-align: bottom; width: 43%"></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left; vertical-align: bottom; width: 1%">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; width: 40%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left; width: 1%">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right; width: 13%">137,200,000</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left; width: 1%">&nbsp;</TD></TR>
</TABLE>

</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: left;">
Prior to March 2, 2012, advances were made by SSB to the Funds, at the Funds&#146; option of (a) the higher of (i) 0.80% above the Fed Funds rate and (ii) 0.80% above the overnight LIBOR or (b) 0.80% above 7-day, 30-day, 60-day or 90-day LIBOR.</P>
<P style="text-align: left;">
Effective March 2, 2012, Advances will be made by SSB to the Funds, at the Funds&#146; option of (a) the higher of (i) 0.75% above the Fed Funds rate and (ii) 0.75% above the LIBOR or (b) 0.75% above 7-day, 30-day, 60-day or 90-day LIBOR.</P>
<P style="text-align: left;">
In addition, the Funds pay a facility fee and a commitment fee based upon SSB&#146;s total commitment to the Funds. The fees associated with each of the agreements are included in the Statements of Operations as borrowing costs. Advances to the Funds as
of August 31, 2012 are shown in the Statements of Assets and Liabilities as loan payable. Based on the short-term nature of the borrowings under the line of credit and the variable interest rate, the carrying amount of the borrowings approximates fair
value.</P>
<P style="text-align: left;">
The Funds may not declare dividends or make other distributions on shares or purchase any such shares if, at the time of the declaration, distribution or purchase, asset coverage with respect to the outstanding short-term borrowings is less than
300%.</P>
</DIV>

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<A name="page_78"></A><BR>

<a name="_bclPageBorder78"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<P STYLE="text-align: left; font-size: 14pt; border-top: rgb(57,76,165) 4pt solid">
<FONT color="#0000cc">Notes to Financial Statements (continued)</FONT></P>
<P style="text-align: left;">
For the year ended August 31, 2012, the daily weighted average interest rates for Funds with loans under the revolving credit agreements were as follows:</P>
<DIV align="left">
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="text-align: left; vertical-align: bottom; border-top: Black 1pt solid">&nbsp;</TD><TD STYLE="font-weight: bold; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-top: Black 1pt solid">Daily Weighted</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="text-align: left; vertical-align: bottom">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">Average</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="text-align: left; vertical-align: bottom; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Interest Rate</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 1%; text-align: left; vertical-align: bottom">BHL</TD><TD STYLE="width: 43%; text-align: left; vertical-align: bottom"></TD><TD STYLE="width: 1%; text-align: left; vertical-align: bottom">&nbsp;</TD><TD STYLE="width: 38%">&nbsp;</TD>
    <TD STYLE="width: 4%; text-align: left">&nbsp;</TD><TD STYLE="width: 6%; text-align: right">0.95</TD><TD STYLE="width: 7%; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; vertical-align: bottom">DVF</TD><TD STYLE="text-align: left; vertical-align: bottom"></TD><TD STYLE="text-align: left; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">0.95</TD><TD STYLE="text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left; vertical-align: bottom">FRA</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left; vertical-align: bottom"></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left; vertical-align: bottom">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">0.95</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">%</TD></TR>
</TABLE>

</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: left;">
For the year ended August 31, 2012, the daily weighted average interest rate for BLW with borrowings from reverse repurchase agreements was as follows:</P>
<DIV align="left">
<TABLE border=0 style="width:100%" cellspacing=0 cellpadding=0 style="font-family: 'Arial';font-size: 10pt;">
<TR valign="bottom">
	<TD STYLE="text-align: left; border-top: Black 1pt solid">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-top: Black 1pt solid">
<B>Daily Weighted</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: center">
<B>Average</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-bottom: #000000 1px solid">
<B>Interest Rate</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; width: 82%; border-bottom: #000000 1px solid">
BLW</TD>
	<TD STYLE="text-align: right; width: 10%; border-bottom: #000000 1px solid">
0.42</TD>
	<TD STYLE="text-align: left; width: 7%; border-bottom: #000000 1px solid">
%</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: left;"><B>7. Commitments:</B></P>
<P style="text-align: left;">
The Funds may invest in floating rate loan interests. In connection with these investments, the Funds may also enter into unfunded floating rate loan interests and bridge loan commitments (&#147;commitments&#148;). Bridge loan commitments may obligate
the Funds to furnish temporary financing to a borrower until permanent financing can be arranged. At August 31, 2012, the Funds had outstanding bridge loan commitments as follows:</P>
<DIV align="left">
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="text-align: left; vertical-align: bottom; border-top: Black 1pt solid">&nbsp;</TD><TD STYLE="font-weight: bold; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-top: Black 1pt solid">Commitment</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; text-align: left; vertical-align: bottom">&nbsp;</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Amounts</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; text-align: left; vertical-align: bottom">BLW</TD><TD STYLE="width: 43%; border-bottom: Black 1pt solid; text-align: left; vertical-align: bottom"></TD><TD STYLE="width: 1%; border-bottom: Black 1pt solid; text-align: left; vertical-align: bottom">&nbsp;</TD><TD STYLE="width: 38%; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="width: 4%; border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="width: 12%; border-bottom: Black 1pt solid; text-align: right">1,200,000</TD><TD STYLE="width: 1%; border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD></TR>
</TABLE>

</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: left;">
In connection with either of these commitments, the Funds earn a commitment fee, typically set as a percentage of the commitment amount. Such fee income, which is included in interest income in the Statements of Operations, is recognized ratably over the
commitment period.</P>
<P style="text-align: left;">
Commitment fees received in advance and unrecognized are recorded on the Statement of Assets and Liabilities as deferred income. Unfunded floating rate loan interests are marked-to-market daily, and any unrealized appreciation or depreciation is included
in the Statement of Assets and Liabilities and Statement of Operations. As of August 31, 2012, the Funds had no outstanding unfunded floating rate loan interests.</P>
<P style="text-align: left;"><B>8. Concentration, Market and Credit Risk:</B></P>
<P style="text-align: left;">In the normal course of business, the Funds invest in securities and enter into transactions where
risks exist due to fluctuations in the market (market risk) or failure of the issuer of a security to meet all its obligations
(issuer credit risk). The value of securities held by the Funds may decline in response to certain events, including those directly
involving the issuers whose securities are owned by the Funds; conditions affecting the general economy; overall market changes;
local, regional or global political, social or economic instability; and currency and interest rate and price fluctuations. Similar
to issuer credit risk, the Funds may be exposed to counterparty credit risk, or the risk that an entity with which the Funds have
unsettled or open transactions may fail to or be unable to perform on its commitments. The Fund manages counterparty credit risk
by entering into transactions only with counterparties that it believes have the financial resources to honor their obligations
and by monitoring the financial stability of those counterparties. Financial assets, which potentially expose the Funds to market,
issuer and counterparty credit risks, consist principally of financial instruments and receivables due from counterparties. The
extent of the Funds&#146; exposure to market, issuer and counterparty credit risks with respect to these financial assets is generally
approximated by their value recorded in Statements of Assets and Liabilities, less any collateral held by the Funds.</P>
<P style="text-align: left;">
The Funds invests a significant portion of its assets in securities backed by commercial or residential mortgage loans or in issuers that hold mortgage and other asset-backed securities. Please see the Schedule of Investments for these securities.
Changes in economic conditions, including delinquencies and/or defaults on assets underlying these securities, can affect the value, income and/or liquidity of such positions.</P>
<P style="text-align: left;"><B>9. Capital Share Transactions:</B></P>
<P style="text-align: left;">
BHL and BLW are authorized to issue an unlimited number of shares, par value &#36;0.001, all of which were initially classified as Common Shares. DVF and FRA are authorized to issue 200 million shares, par value &#36;0.10, all of which were initially
classified as Common Shares. The Board is authorized, however, to reclassify any unissued Common Shares without approval of Common Shareholders.</P>
<P style="text-align: left;">
For the years shown, shares issued and outstanding increased by the following amounts as a result of dividend reinvestment:</P>
<DIV align="left">
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="text-align: left; vertical-align: bottom; border-top: Black 1pt solid">&nbsp;</TD><TD STYLE="font-weight: bold; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; vertical-align: bottom; border-top: Black 1pt solid">Year Ended August 31,</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="text-align: center; vertical-align: bottom; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; vertical-align: bottom">2012</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; vertical-align: bottom"> 2011</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 26%; text-align: left; vertical-align: bottom">BHL</TD><TD STYLE="width: 1%; text-align: left; vertical-align: bottom">&nbsp;</TD><TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 2%; text-align: left">&nbsp;</TD><TD STYLE="width: 5%; text-align: right">&mdash;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="width: 2%; text-align: left">&nbsp;</TD><TD STYLE="width: 7%; text-align: right">18,402</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; vertical-align: bottom">DVF</TD><TD STYLE="text-align: left; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">42,239</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; vertical-align: bottom">FRA</TD><TD STYLE="text-align: left; vertical-align: bottom">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">17,388</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">58,212</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left; vertical-align: bottom">BLW</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left; vertical-align: bottom">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">34,642</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">30,417</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD></TR>
</TABLE>


</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: left;"><B>10. Subsequent Events:</B></P>
<P style="text-align: left;">
Management&#146;s evaluation of the impact of all subsequent events on the Funds&#146; financial statements was completed through the date the financial statements were issued and the following item was noted:</P>
<P style="text-align: left;">
Each Fund paid a net investment income dividend on September 28, 2012 to Common Shareholders of record on September 14, 2012 as follows:</P>
<DIV align="left">
<TABLE border=0 style="width:100%" cellspacing=0 cellpadding=0 style="font-family: 'Arial';font-size: 10pt;">
<TR valign="bottom">
	<TD STYLE="text-align: center; vertical-align: bottom; border-top: Black 1pt solid">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: center; vertical-align: bottom; border-top: Black 1pt solid">
<B>Common</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: center; vertical-align: bottom">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: center; vertical-align: bottom">
<B>Dividend</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid; vertical-align: bottom">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-bottom: #000000 1px solid; vertical-align: bottom">
<B>Per Share</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; width: 88%">
BHL</TD>
	<TD STYLE="width: 3%; text-align: left; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right; width: 8%">
0.0685</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
DVF</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right">
0.0585</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
FRA</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right">
0.0770</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
BLW</TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid">
0.1075</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
</DIV>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<A name="page_79"></A><BR>

<a name="_bclPageBorder79"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<P STYLE="text-align: left; font-size: 14pt; border-top: rgb(57,76,165) 4pt solid">
<FONT color="#0000cc">Notes to Financial Statements (concluded)</FONT></P>
<P style="text-align: left;">
Additionally, the Funds declared a net investment income dividend on October 1, 2012 payable to Common Shareholders of record on October 15, 2012 as follows:</P>
<DIV align="left">
<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial">
<TR valign="bottom">
	<TD STYLE="text-align: left; border-top: Black 1pt solid">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-top: Black 1pt solid">
<B>Common</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: center">
<B>Dividend</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-bottom: #000000 1px solid">
<B>Per Share</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; width: 88%">
BHL</TD>
	<TD STYLE="text-align: left; width: 3%; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right; width: 8%">
0.0685</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
FRA</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right">
0.0770</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
BLW</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid">
0.1075</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: left;">
The Board and shareholders of FRA and the Board and shareholders of each of the Target Funds, approved the reorganizations of each Target Fund into FRA pursuant to which FRA acquired all of the assets and all of the liabilities of each Target Fund in
exchange for an equal aggregate value of newly issued shares of FRA in a merger transaction.</P>
<P style="text-align: left;">
Each shareholder of a Target Fund received shares of FRA in an amount equal to the aggregate NAV of such shareholder&#146;s Target Fund shares, as determined at the close of business on October 5, 2012. Cash was distributed for any fractional shares.</P>
<P style="text-align: left;">
The reorganizations were accomplished by a tax-free exchange of shares of FRA in the following amounts and at the following conversion ratios:</P>
<DIV align="left">
<TABLE border=0 style="width:100%" cellspacing=0 cellpadding=0 style="font-family: 'Arial';font-size: 10pt;">
<TR valign="bottom">
	<TD STYLE="text-align: left; width: 42%; border-top: Black 1pt solid">
&nbsp;</TD>
	<TD STYLE="text-align: center; width: 22%; border-top: Black 1pt solid">
<B>Shares Prior to</B></TD>
	<TD STYLE="text-align: center; width: 19%; border-top: Black 1pt solid">
<B>Conversion</B></TD>
	<TD STYLE="text-align: center; width: 14%; border-top: Black 1pt solid">
<B>Shares of</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
<B>Target Funds</B></TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid">
<B>Reorganizations</B></TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid">
<B>Ratio</B></TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid">
<B>FRA</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
FRB</TD>
	<TD STYLE="text-align: center">
10,585,281</TD>
	<TD STYLE="text-align: center">
0.91462449</TD>
	<TD STYLE="text-align: center">
9,681,549</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
DVF</TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid">
12,405,453</TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid">
0.72423797</TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid">
8,984,499</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: left;">
Each Target Fund&#146;s net assets and composition of net assets on October 5, 2012, the date of the reorganization, were as follows:</P>
<DIV align="left">
<TABLE border=0 style="width:100%" cellspacing=0 cellpadding=0 style="font-family: 'Arial';font-size: 10pt;">
<TR valign="bottom">
	<TD STYLE="text-align: left; border-top: Black 1pt solid">
&nbsp;</TD>
	<TD COLSPAN="6" STYLE="text-align: center; border-bottom: #000000 1px solid; border-top: Black 1pt solid">
<B>Target Funds</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD COLSPAN="3" STYLE="text-align: center; border-bottom: #000000 1px solid">
<B>FRB</B></TD>
	<TD COLSPAN="3" STYLE="text-align: center; border-bottom: #000000 1px solid">
<B>DVF</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; width: 60%">
Net assets</TD>
	<TD STYLE="width: 3%; text-align: left; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right; width: 12%">
145,503,247</TD>
	<TD STYLE="text-align: left; width: 3%">
&nbsp;</TD>
	<TD STYLE="width: 2%; text-align: left; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right; width: 13%">
135,026,897</TD>
	<TD STYLE="text-align: left; width: 2%">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Paid-in capital</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right">
199,039,469</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right">
228,390,538</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left">
Undistributed (distributions in excess of)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
	<TD STYLE="text-align: left">
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 7.98pt">
net investment income</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right">
(142,364</TD>
	<TD STYLE="text-align: left">
)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right">
(97,246</TD>
	<TD STYLE="text-align: left">
)</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt">
Accumulated net realized loss.</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right">
(54,909,880</TD>
	<TD STYLE="text-align: left">
)</TD>
	<TD STYLE="text-align: left; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right">
(89,378,206</TD>
	<TD STYLE="text-align: left">
)</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 0pt">
Net unrealized appreciation (depreciation)</TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid">
1,516,022</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD STYLE="border-bottom: #000000 1px solid; text-align: left; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid">
(3,888,189</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
)</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: left;">
For financial reporting purposes, assets received and shares issued by FRA were recorded at fair value. However, the cost basis of the investments being received from the Target Funds were carried forward to align ongoing reporting of FRA&#146;s realized
and unrealized gains and losses with amounts distributable to shareholders for tax purposes.</P>
<P style="text-align: left;">
The net assets of FRA before the acquisition were &#36;278,016,037.</P>
<P style="text-align: left;">
The aggregate net assets of FRA immediately after the acquisition amounted to &#36;558,546,181. Each Target Fund&#146;s fair value and cost of investments prior to the reorganization were as follows:</P>
<DIV align="left">
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; border-top: Black 1pt solid">&nbsp;</TD><TD STYLE="font-weight: bold; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-top: Black 1pt solid">Fair Value of</TD><TD STYLE="font-weight: bold; border-top: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-top: Black 1pt solid">Cost of</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; border-bottom: Black 1pt solid">Target Funds</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Investments</TD><TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Investments</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 56%; text-align: left; text-indent: 0pt">FRB</TD><TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 12%; text-align: right">220,588,307</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 12%; text-align: right">219,010,017</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: 0pt; border-bottom: Black 1pt solid">DVF</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">206,051,284</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">209,710,937</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD></TR>
</TABLE>

</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: left;">
The purpose of these transactions was to combine three funds managed by the Manager with the same or substantially similar (but not identical) investment objectives, investment policies, strategies, risks and restrictions. Each reorganization was a
tax-free event and was effective on October 5, 2012.</P>
<P style="text-align: left;">
In connection with the reorganizations, DVF and FRA paid a special income distribution on September 26, 2012 to shareholders of record as of September 24, as follows:</P>
<DIV align="left">
<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial">
<TR valign="bottom">
	<TD STYLE="text-align: left; border-top: Black 1pt solid">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-top: Black 1pt solid">
<B>Distribution</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
&nbsp;</TD>
	<TD COLSPAN="2" STYLE="text-align: center; border-bottom: #000000 1px solid; vertical-align: bottom">
<B>Per Share</B></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; width: 87%">
DVF</TD>
	<TD STYLE="text-align: left; width: 4%; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right; width: 8%">
0.0810</TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid">
FRA</TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; vertical-align: bottom">
&#36;</TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid">
0.1080</TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
</DIV>

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    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; padding-top: 6pt; padding-bottom: 12pt; border-top: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 9pt Arial, Helvetica, Sans-Serif"><TR><TD STYLE="text-align: left; width: 33%">AUGUST 31, 2012</TD><TD STYLE="text-align: center; width: 34%">ANNUAL REPORT</TD><TD STYLE="text-align: right; width: 33%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->79<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<A name="page_80"></A><BR>

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<P STYLE="text-align: left; font-size: 14pt; border-top: rgb(57,76,165) 4pt solid">
<FONT color="#0000cc"><A NAME="a_013"></A>Report of Independent Registered Public Accounting Firm</FONT></P>
<P style="text-align: left;"><B>To the Shareholders and Board of Directors of BlackRock Diversified Income Strategies Fund, Inc.
and BlackRock Floating Rate Income Strategies Fund, Inc. and to the Shareholders and Board of Trustees of BlackRock Defined Opportunity
Credit Trust and BlackRock Limited Duration Income Trust:</B></P>
<P style="text-align: left;">
We have audited the accompanying statement of assets and liabilities, including the schedule of investments, of BlackRock Defined Opportunity Credit Trust (the &#147;Fund&#148;) as of August 31, 2012, and its related statements of operations and cash
flows for the year then ended, its statements of changes in net assets for each of the two years in the period then ended and its financial highlights for each of the periods presented. We have also audited the consolidated statements of assets and
liabilities, including the consolidated schedules of investments, of BlackRock Diversified Income Strategies Fund, Inc., BlackRock Floating Rate Income Strategies Fund, Inc., and BlackRock Limited Duration Income Trust, (collectively the
&#147;Funds&#148;), as of August 31, 2012, and their related consolidated statements of operations and consolidated cash flows for the year then ended, their consolidated statements of changes in net assets for each of the two years in the period then
ended, and their consolidated financial highlights for each of the periods presented. These financial statements and financial highlights are the responsibility of the Funds&#146; management. Our responsibility is to express an opinion on these financial
statements and financial highlights based on our audits.</P>
<P style="text-align: left;">We conducted our audits in accordance with the standards of the Public Company Accounting Oversight
Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether
the financial statements and financial highlights are free of material misstatement. The Funds are not required to have, nor were
we engaged to perform, an audit of its internal control over financial reporting. Our audits included consideration of internal
control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not
for the purpose of expressing an opinion on the effectiveness of the Funds&#146; internal control over financial reporting. Accordingly,
we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures
in the financial statements, assessing the accounting principles used and significant estimates made by management, as well as
evaluating the overall financial statement presentation. Our procedures included confirmation of securities owned as of August
31,2012, by correspondence with the custodian, brokers and agent banks; where replies were not received from brokers or agent
banks, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinion.</P>
<P style="text-align: left;">
In our opinion, such financial statements and financial highlights referred to above present fairly, in all material respects, the financial position of BlackRock Defined Opportunity Credit Trust as of August 31, 2012, the results of its operations and
its cash flows for the year then ended, the changes in its net assets for each of the two years in the period then ended, and its financial highlights for each of the periods presented, and the consolidated financial positions of BlackRock Diversified
Income Strategies Fund, Inc., BlackRock Floating Rate Income Strategies Fund, Inc., and BlackRock Limited Duration Income Trust, as of August 31, 2012, the consolidated results of their operations and their consolidated cash flows for the year then
ended, the consolidated changes in their net assets for each of the two years in the period then ended, and their consolidated financial highlights for each of the periods presented, in conformity with accounting principles generally accepted in the
United States of America.</P>
<P style="text-align: left;">
As discussed in Note 10 to the consolidated financial statements, on September 13, 2012, the Board of Floating Rate Income Strategies Fund II, Inc. and BlackRock Diversified Income Strategies Fund, Inc. (individually, a &#147;Target Fund&#148;) approved
the reorganizations of each Target Fund into BlackRock Floating Rate Income Strategies Fund, Inc. pursuant to which BlackRock Floating Rate Income Strategies Fund, Inc. acquired substantially all of the assets and substantially all of the liabilities of
each Target Fund in exchange for newly issued shares of BlackRock Floating Rate Income Strategies Fund, Inc.</P>
<P style="text-align: left;">
Deloitte &amp; Touche LLP<BR>
Boston, Massachusetts<BR>
October 26, 2012</P>
<P STYLE="text-align: left; font-size: 14pt; border-top: rgb(57,76,165) 4pt solid"><FONT STYLE="color: #0000cc"><A NAME="a_014"></A>Important Tax
Information <FONT STYLE="font-size: 10pt">(Unaudited)</FONT></FONT></P>
<P style="text-align: left;">
The following information is provided with respect to the ordinary income distributions paid by the Funds for the taxable year ended August 31, 2012.</P>
<DIV align="left">
<TABLE border=0 style="width:100%" cellspacing=0 cellpadding=0 style="font-family: 'Arial';font-size: 10pt;">
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: Black 1px solid; border-top: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="border-bottom: Black 1px solid; text-align: center; vertical-align: bottom; border-top: Black 1pt solid"><FONT STYLE="font-size: 8pt"><B>Payable
 Dates</B></FONT></TD>
	<TD COLSPAN="2" STYLE="border-bottom: Black 1px solid; text-align: center; vertical-align: bottom; border-top: Black 1pt solid"><FONT STYLE="font-size: 8pt"><B>BHL</B></FONT></TD>
	<TD COLSPAN="2" STYLE="border-bottom: Black 1px solid; text-align: center; vertical-align: bottom; border-top: Black 1pt solid"><FONT STYLE="font-size: 8pt"><B>DVF</B></FONT></TD>
	<TD COLSPAN="2" STYLE="border-bottom: Black 1px solid; text-align: center; vertical-align: bottom; border-top: Black 1pt solid"><FONT STYLE="font-size: 8pt"><B>FRA</B></FONT></TD>
	<TD COLSPAN="2" STYLE="border-bottom: Black 1px solid; text-align: center; vertical-align: bottom; border-top: Black 1pt solid"><FONT STYLE="font-size: 8pt"><B>BLW</B></FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; width: 33%"><FONT STYLE="font-size: 8pt">Interest-Related Dividends for Non-US Residents <SUP>1</SUP></FONT></TD>
	<TD STYLE="text-align: center; width: 25%"><FONT STYLE="font-size: 8pt">September 2011 &#151; January 2012</FONT></TD>
	<TD STYLE="text-align: right; width: 7%"><FONT STYLE="font-size: 8pt">93.30</FONT></TD>
	<TD STYLE="text-align: left; width: 3%"><FONT STYLE="font-size: 8pt">%</FONT></TD>
	<TD STYLE="text-align: right; width: 7%"><FONT STYLE="font-size: 8pt">72.26</FONT></TD>
	<TD STYLE="text-align: left; width: 3%"><FONT STYLE="font-size: 8pt">%</FONT></TD>
	<TD STYLE="text-align: right; width: 6%"><FONT STYLE="font-size: 8pt">83.09</FONT></TD>
	<TD STYLE="text-align: left; width: 3%"><FONT STYLE="font-size: 8pt">%</FONT></TD>
	<TD STYLE="text-align: right; width: 6%"><FONT STYLE="font-size: 8pt">92.79</FONT></TD>
	<TD STYLE="text-align: left; width: 2%"><FONT STYLE="font-size: 8pt">%</FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">February 2012 &#151; August
 2012</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">57.35</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">%</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">66.22</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">%</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">65.55</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">%</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">61.84</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 8pt">%</FONT></TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 8pt; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20pt"></TD><TD STYLE="width: 20pt; text-align: left"><SUP>1</SUP></TD><TD>Represents the portion of the taxable ordinary income
dividends eligible for exemption from US withholding tax for nonresident aliens and foreign corporations.</TD>
</TR></TABLE>
</DIV>

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<FONT color="#0000cc"><A NAME="a_015"></A>Disclosure of Investment Advisory Agreements and Sub-Advisory Agreements</FONT></P>
<P style="text-align: left;">
The Board of Directors or Trustees, as applicable (each, a &#147;Board,&#148; collectively, the &#147;Boards,&#148; and the members of which are referred to as &#147;Board Members&#148;) of BlackRock Defined Opportunity Credit Trust (&#147;BHL&#148;),
BlackRock Diversified Income Strategies Fund, Inc. (&#147;DVF&#148;), BlackRock Floating Rate Income Strategies Fund, Inc. (&#147;FRA&#148;) and BlackRock Limited Duration Income Trust (&#147;BLW&#148; and together with BHL, DVF and FRA, each a
&#147;Fund,&#148; and, collectively, the &#147;Funds&#148;) met on April 26, 2012 and May 22-23, 2012 to consider the approval of each Fund&#146;s investment advisory agreement (each, an &#147;Advisory Agreement&#148;) with BlackRock Advisors, LLC (the
&#147;Manager&#148;), each Fund&#146;s investment advisor. The Board of each Fund also considered the approval of the sub-advisory agreement (each, a &#147;Sub-Advisory Agreement&#148;) among the Manager, BlackRock Financial Management, Inc. (the
&#147;Sub-Advisor&#148;), and its Fund. The Manager and the Sub-Advisor are referred to herein as &#147;BlackRock.&#148; The Advisory Agreements and the Sub-Advisory Agreements are referred to herein as the &#147;Agreements.&#148;</P>
<P style="text-align: left;"><B>Activities and Composition of the Board</B></P>
<P style="text-align: left;">
Each Board consists of eleven individuals, nine of whom are not &#147;interested persons&#148; of such Fund as defined in the Investment Company Act of 1940 (the &#147;1940 Act&#148;) (the &#147;Independent Board Members&#148;). The Board Members are
responsible for the oversight of the operations of the Funds and perform the various duties imposed on the directors of investment companies by the 1940 Act. The Independent Board Members have retained independent legal counsel to assist them in
connection with their duties. The Chairman of the Board is an Independent Board Member. Each Board has established six standing committees: an Audit Committee, a Governance and Nominating Committee, a Compliance Committee, a Performance Oversight
Committee, an Executive Committee, and a Leverage Committee, each of which is chaired by an Independent Board Member and composed of Independent Board Members (except for the Executive Committee and the Leverage Committee, each of which also has one
interested Board Member).</P>
<P style="text-align: left;"><B>The Agreements</B></P>
<P style="text-align: left;">
Pursuant to the 1940 Act, the Boards are required to consider the continuation of the Agreements on an annual basis. The Boards have four quarterly meetings per year, each extending over two days, and a fifth meeting to consider specific information
surrounding the consideration of renewing the Agreements. In connection with this process, the Boards assessed, among other things, the nature, scope and quality of the services provided to the Funds by BlackRock, its personnel and its affiliates,
including investment management, administrative and shareholder services, oversight of fund accounting and custody, marketing services, risk oversight, compliance and assistance in meeting applicable legal and regulatory requirements.</P>
<P style="text-align: left;">The Boards, acting directly and through their respective committees, considered at each of their
meetings, and from time to time as appropriate, factors that are relevant to their annual consideration of the renewal of the
Agreements, including the services and support provided by BlackRock to the Funds and their shareholders. Among the matters the
Boards considered were: (a) investment performance for one-, three- and five-year periods, as applicable, against peer funds,
and applicable benchmarks, if any, as well as senior management&#146;s and portfolio managers&#146; analysis of the reasons for
any over performance or underperformance against their peers and/or benchmark, as applicable; (b) fees, including advisory, administration,
if applicable, and other amounts paid to BlackRock and its affiliates by the Funds for services such as call center and fund accounting;
(c) Fund operating expenses and how BlackRock allocates expenses to the Funds; (d) the resources devoted to, risk oversight of,
and compliance reports relating to, implementation of the Funds&#146; investment objectives, policies and restrictions; (e) the
Funds&#146; compliance with their Code of Ethics and other compliance policies and procedures; (f) the nature, cost and character
of non-investment management services provided by BlackRock and its affiliates; (g) BlackRock&#146;s and other service providers&#146;
internal controls and risk and compliance oversight mechanisms; (h) BlackRock&#146;s implementation of the proxy voting policies
approved by the Boards; (i) execution quality of portfolio transactions; (j) BlackRock&#146;s implementation of the Funds&#146;
valuation and liquidity procedures; (k) an analysis of management fees ratios for products with similar investment objectives
across the open-end fund, closed-end fund and institutional account product channels, as applicable; (l) BlackRock&#146;s compensation
methodology for its investment professionals and the incentives it creates; and (m) periodic updates on BlackRock&#146;s business.</P>
<P style="text-align: left;">
The Boards have engaged in an ongoing strategic review with BlackRock of opportunities to consolidate funds and of BlackRock&#146;s commitment to investment performance. In addition, the Boards requested, to the extent reasonably possible, an analysis of
the risk and return relative to selected funds in peer groups. BlackRock provides information to the Boards in response to specific questions. These questions covered issues such as profitability, including the impact of BlackRock&#146;s upfront costs in
sponsoring closed-end funds and the relative profitability of closed-end and open end funds, investment performance and management fee levels. The Boards considered the importance of: (i) managing fixed income assets with a view toward preservation of
capital; (ii) portfolio managers&#146; investments in the funds they manage; (iii) BlackRock&#146;s controls surrounding the coding of quantitative investment models; and (iv) BlackRock&#146;s oversight of relationships with third party service
providers.</P>
<P style="text-align: left;"><B>Board Considerations in Approving the Agreements</B></P>
<P style="text-align: left;"><B>The Approval Process:</B> Prior to the April 26, 2012 meeting, the Boards requested and received
materials specifically relating to the Agreements. The Boards are engaged in a process with its independent legal counsel and
BlackRock to review periodically the nature and scope of the information provided to better assist their deliberations. The materials
provided in connection with the April meeting included (a) information independently compiled and prepared by Lipper, Inc. (&#147;Lipper&#148;)
on Fund fees and expenses and the investment performance of the Funds as compared with a peer group of funds as determined by
Lipper and, with respect to BHL, DVF and FRA, a customized peer group selected by BlackRock (collectively, &#147;Peers&#148;),
as well as the gross investment performance of BLW as compared with its custom benchmark; (b) information on the profitability
of the Agreements to BlackRock and a discussion of fall-out benefits to BlackRock and its affiliates; (c) a general analysis provided
by BlackRock concerning investment management fees (a combination of the advisory fee and the</P>
</DIV>

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<P STYLE="text-align: left; font-size: 14pt; border-top: rgb(57,76,165) 4pt solid">
<FONT color="#0000cc">Disclosure of Investment Advisory Agreements and Sub-Advisory Agreements (continued)</FONT></P>
<P style="text-align: left;">
administration fee, if any) charged to other clients, such as institutional clients and open-end funds, under similar investment mandates, as applicable; (d) the existence, impact and sharing of potential economies of scale; (e) a summary of aggregate
amounts paid by each Fund to BlackRock and (f) if applicable, a comparison of management fees to similar BlackRock closed-end funds, as classified by Lipper.</P>
<P style="text-align: left;">
At an in-person meeting held on April 26, 2012, the Boards reviewed materials relating to their consideration of the Agreements. As a result of the discussions that occurred during the April 26, 2012 meeting, and as a culmination of the Boards&#146;
year-long deliberative process, the Boards presented BlackRock with questions and requests for additional information. BlackRock responded to these requests with additional written information in advance of the May 22-23, 2012 Board meeting.</P>
<P style="text-align: left;">
At an in-person meeting held on May 22-23, 2012, each Board, including all the Independent Board Members, unanimously approved the continuation of the Advisory Agreement between the Manager and its Fund, and the Sub-Advisory Agreement among the Manager,
the Sub-Advisor, and its Fund, each for a one-year term ending June 30, 2013. In approving the continuation of the Agreements, the Boards considered: (a) the nature, extent and quality of the services provided by BlackRock; (b) the investment performance
of the Funds and BlackRock; (c) the advisory fee and the cost of the services and profits to be realized by BlackRock and its affiliates from their relationship with the Funds; (d) economies of scale; (e) fall-out benefits to BlackRock as a result of its
relationship with the Funds; and (f) other factors deemed relevant by the Board Members.</P>
<P style="text-align: left;">
The Boards also considered other matters they deemed important to the approval process, such as payments made to BlackRock or its affiliates relating to securities lending, services related to the valuation and pricing of Fund portfolio holdings, direct
and indirect benefits to BlackRock and its affiliates from their relationship with the Funds and advice from independent legal counsel with respect to the review process and materials submitted for the Boards&#146; review. The Boards noted the
willingness of BlackRock personnel to engage in open, candid discussions with the Boards. The Boards did not identify any particular information as controlling, and each Board Member may have attributed different weights to the various items
considered.</P>
<P style="text-align: left;"><B>A. Nature, Extent and Quality of the Services Provided by BlackRock:</B> The Boards, including
the Independent Board Members, reviewed the nature, extent and quality of services provided by BlackRock, including the investment
advisory services and the resulting performance of the Funds. Throughout the year, the Boards compared Fund performance to the
performance of a comparable group of closed-end funds and/or the performance of a relevant benchmark, if any. The Boards met with
BlackRock&#146;s senior management personnel responsible for investment operations, including the senior investment officers.
Each Board also reviewed the materials provided by its Fund&#146;s portfolio management team discussing Fund performance and the
Fund&#146;s investment objective, strategies and outlook.</P>
<P style="text-align: left;">The Boards considered, among other factors, the number, education and experience of BlackRock&#146;s
investment personnel generally and their Funds&#146; portfolio management teams, investments by portfolio managers in the funds
they manage, BlackRock&#146;s portfolio trading capabilities, BlackRock&#146;s use of technology, BlackRock&#146;s commitment
to compliance, BlackRock&#146;s credit analysis capabilities, BlackRock&#146;s risk analysis and oversight capabilities and BlackRock&#146;s
approach to training and retaining portfolio managers and other research, advisory and management personnel. The Boards engaged
in a review of BlackRock&#146;s compensation structure with respect to their Funds&#146; portfolio management teams and BlackRock&#146;s
ability to attract and retain high-quality talent and create performance incentives.</P>
<P style="text-align: left;">
In addition to advisory services, the Boards considered the quality of the administrative and non-investment advisory services provided to the Funds. BlackRock and its affiliates provide the Funds with certain services (in addition to any such services
provided to the Funds by third parties) and officers and other personnel as are necessary for the operations of the Funds. In particular, BlackRock and its affiliates provide the Funds with the following administrative services including, among others:
(i) preparing disclosure documents, such as the prospectus and the statement of additional information in connection with the initial public offering and periodic shareholder reports; (ii) preparing communications with analysts to support secondary
market trading of the Funds; (iii) assisting with daily accounting and pricing; (iv) preparing periodic filings with regulators and stock exchanges; (v) overseeing and coordinating the activities of other service providers; (vi) organizing Board meetings
and preparing the materials for such Board meetings; (vii) providing legal and compliance support; and (viii) performing other administrative functions necessary for the operation of the Funds, such as tax reporting, fulfilling regulatory filing
requirements and call center services. The Boards reviewed the structure and duties of BlackRock&#146;s fund administration, accounting, legal and compliance departments and considered BlackRock&#146;s policies and procedures for assuring compliance with
applicable laws and regulations.</P>
<P style="text-align: left;"><B>B. The Investment Performance of the Funds and BlackRock:</B> The Boards, including the Independent
Board Members, also reviewed and considered the performance history of their Funds. In preparation for the April 26, 2012 meeting,
the Boards worked with its independent legal counsel, BlackRock and Lipper to develop a template for, and was provided with reports
independently prepared by Lipper, which included a comprehensive analysis of each Fund&#146;s performance. The Boards also reviewed
a narrative and statistical analysis of the Lipper data that was prepared by BlackRock, which analyzed various factors that affect
Lipper&#146;s rankings. In connection with their review, each Board received and reviewed information regarding the investment
performance, based on net asset value (NAV), of its Fund as compared to funds in that Fund&#146;s applicable Lipper category,
and with respect to BHL, DVF and FRA, a customized peer group selected by BlackRock, and with respect to BLW, the gross investment
performance of BLW as compared with its custom benchmark. The Boards were provided with a description of the methodology used
by Lipper to select peer funds and periodically meets with Lipper representatives to review their methodology. Each Board and
its Performance Oversight Committee regularly review, and meet with Fund management to discuss, the performance of its Fund throughout
the year.</P>
</DIV>

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<FONT color="#0000cc">Disclosure of Investment Advisory Agreements and Sub-Advisory Agreements (continued)</FONT></P>
<P style="text-align: left;">
The Board of DVF noted that, in general, DVF performed better than its Peers in that DVF&#146;s performance was at or above the median of its Customized Lipper Peer Group in two of the one-, three- and five-year periods reported. Based on its discussions
with BlackRock and the Board&#146;s review of DVF&#146;s investment performance compared to its Lipper Peer Group, the methodology used by Lipper to select peer funds, and other relevant information provided by BlackRock, DVF&#146;s Board noted that
DVF&#146;s investment performance as compared to its Customized Lipper Peer Group provided a more meaningful comparison of DVF&#146;s relative performance.</P>
<P style="text-align: left;">
The Board of BHL noted that BHL performed below the median of its Customized Lipper Peer Group in the one- and three-year periods reported, but that BHL performed at or above the median of its Customized Lipper Peer Group in the since-inception period
reported. Based on its discussions with BlackRock and the Board&#146;s review of BHL&#146;s investment performance compared to its Lipper Peer Group, the methodology used by Lipper to select peer funds, and other relevant information provided by
BlackRock, the Board of BHL noted that BHL&#146;s investment performance as compared to its Customized Lipper Peer Group provided a more meaningful comparison of BHL&#146;s relative performance. The Board of BHL and BlackRock reviewed and discussed the
reasons for BHL&#146;s underperformance during the one- and three-year periods compared with its Peers. BHL&#146;s Board was informed that, among other things, the two major factors impacting performance during the one- and three-year periods were
leverage and general investment style. On average, BHL has tended to run lower leverage than BHL&#146;s competitors and the investment style leads to overweight positions to higher-quality assets. The two years following the financial crisis in 2008
witnessed a significant rally in lower credit quality assets. The overweight to higher quality assets and below average leverage were the primary drivers to the underperformance for the three-year period.</P>
<P style="text-align: left;">
The Board of FRA noted that FRA performed below the median of its Customized Lipper Peer Group in each of the one-, three- and five-year periods reported. Based on its discussions with BlackRock and the Board&#146;s review of FRA&#146;s investment
performance compared to its Lipper Peer Group, the methodology used by Lipper to select peer funds, and other relevant information provided by BlackRock, the Board of FRA noted that FRA&#146;s investment performance as compared to its Customized Lipper
Peer Group provided a more meaningful comparison of FRA&#146;s relative performance. The Board of FRA and BlackRock reviewed and discussed the reasons for FRA&#146;s underperformance during these periods compared with its Peers. FRA&#146;s Board was
informed that, among other things, the two major factors impacting performance during the one- and three-year periods were leverage and general investment style. On average, FRA has tended to run lower leverage than FRA&#146;s competitors and the
investment style leads to overweight positions to higher-quality assets. The two years following the financial crisis in 2008 witnessed a significant rally in lower credit quality assets. The overweight to higher quality assets and below average leverage
were the primary drivers to the underperformance for the three-year period.</P>
<P style="text-align: left;">
The Board of BLW noted that BLW&#146;s gross performance underperformed its customized benchmark in the one- and five-year periods reported, but that BLW&#146;s gross performance exceeded its customized benchmark in the three-year period reported. Based
on its discussions with BlackRock and</P>
<P style="text-align: left;">
the Board&#146;s review of BLW&#146;s investment performance compared to its Lipper Peer Group, the methodology used by Lipper to select peer funds, and other relevant information provided by BlackRock, BLW&#146;s Board noted that BLW&#146;s gross
investment performance as compared to its customized benchmark provided a more meaningful comparison of BLW&#146;s relative performance. The Board of BLW and BlackRock reviewed and discussed the reasons for BLW&#146;s underperformance during the one- and
five-year periods compared with its customized benchmark. BLW&#146;s Board was informed that, among other things, BLW&#146;s underperformance for the one-and five-year periods was mainly attributable to the high yield and leverage loan portions of the
portfolio (2008 in particular). In 2011, BLW&#146;s high yield strategies in general lagged behind the benchmark, mostly a result of conservative and partially hedged positions held in the second half of the year, including the market&#146;s rebound in
October through December. In 2008 both the loan and high yield strategies underperformed their benchmarks.</P>
<P style="text-align: left;">
The Boards of BHL, FRA and BLW and BlackRock discussed BlackRock&#146;s strategy for improving the performance of BHL, FRA and BLW and BlackRock&#146;s commitment to providing the resources necessary to assist the Funds&#146; portfolio managers and to
improve the Funds&#146; performance.</P>
<P style="text-align: left;"><B>C. Consideration of the Advisory/Management Fees and the Cost of the Services and Profits to be
Realized by BlackRock and its Affiliates from their Relationship with the Funds:</B> Each Board, including the Independent Board
Members, reviewed its Fund&#146;s contractual management fee rate compared with the other funds in its Lipper category. It also
compared the Fund&#146;s total expense ratio, as well as actual management fee rate, to those of other funds in its Lipper category.
The Boards considered the services provided and the fees charged by BlackRock to other types of clients with similar investment
mandates, including separately managed institutional accounts.</P>
<P style="text-align: left;">
The Boards received and reviewed statements relating to BlackRock&#146;s financial condition and profitability with respect to the services it provided the Funds. The Boards were also provided with a profitability analysis that detailed the revenues
earned and the expenses incurred by BlackRock for services provided to the Funds. The Boards reviewed BlackRock&#146;s profitability with respect to the Funds and other funds the Boards currently oversee for the year ended December 31, 2011 compared to
available aggregate profitability data provided for the years ended December 31, 2010, and December 31, 2009. The Boards reviewed BlackRock&#146;s profitability with respect to other fund complexes managed by the Manager and/or its affiliates. The Boards
reviewed BlackRock&#146;s assumptions and methodology of allocating expenses in the profitability analysis, noting the inherent limitations in allocating costs among various advisory products. The Boards recognized that profitability may be affected by
numerous factors including, among other things, fee waivers and expense reimbursements by the Manager, the types of funds managed, expense allocations and business mix, and the difficulty of comparing profitability as a result of those factors.</P>
<P style="text-align: left;">
The Boards noted that, in general, individual fund or product line profitability of other advisors is not publicly available. The Boards considered BlackRock&#146;s overall operating margin, in general, compared</P>
</DIV>

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<P STYLE="text-align: left; font-size: 14pt; border-top: rgb(57,76,165) 4pt solid">
<FONT color="#0000cc">Disclosure of Investment Advisory Agreements and Sub-Advisory Agreements (concluded)</FONT></P>
<P style="text-align: left;">
to the operating margin for leading investment management firms whose operations include advising closed-end funds, among other product types. In addition, the Boards considered, among other things, certain third party data comparing BlackRock&#146;s
operating margin with that of other publicly-traded asset management firms. The Boards considered the differences between BlackRock and these other firms, including the contribution of technology at BlackRock, BlackRock&#146;s expense management, and the
relative product mix.</P>
<P style="text-align: left;">
In addition, the Boards considered the cost of the services provided to the Funds by BlackRock, and BlackRock&#146;s and its affiliates&#146; profits relating to the management of the Funds and the other funds advised by BlackRock and its affiliates. As
part of its analysis, the Boards reviewed BlackRock&#146;s methodology in allocating its costs to the management of the Funds. The Boards also considered whether BlackRock has the financial resources necessary to attract and retain high quality
investment management personnel to perform its obligations under the Agreements and to continue to provide the high quality of services that is expected by the Boards.</P>
<P style="text-align: left;">
The Board of BHL noted that BHL&#146;s contractual management fee ratio (a combination of the advisory fee and the administration fee, if any) was above the median contractual management fee ratio paid by BHL&#146;s Peers, in each case before taking into
account any expense reimbursements or fee waivers. BHL&#146;s Board also noted, however, that BHL&#146;s actual management fee ratio, after giving effect to any expense reimbursement or fee waivers by BlackRock, was reasonable relative to the median
actual management fee ratio paid by BHL&#146;s Peers, after giving effect to any expense reimbursement or fee waivers.</P>
<P style="text-align: left;">
The Board of each of DVF, FRA and BLW noted that its respective Fund&#146;s contractual management fee ratio (a combination of the advisory fee and the administration fee, if any) was lower than or equal to the median contractual management fee ratio
paid by the Fund&#146;s Peers, in each case before taking into account any expense reimbursements or fee waivers.</P>
<P style="text-align: left;"><B>D. Economies of Scale:</B> Each Board, including the Independent Board Members, considered the
extent to which economies of scale might be realized as the assets of its Fund increase. Each Board also considered the extent
to which its Fund benefits from such economies and whether there should be changes in the advisory fee rate or structure in order
to enable the Fund to participate in these economies of scale, for example through the use of breakpoints in the advisory fee
based upon the asset level of the Fund.</P>
<P style="text-align: left;">
Based on the Boards&#146; review and consideration of the issue, the Boards concluded that most closed-end funds do not have fund level breakpoints because closed-end funds generally do not experience substantial growth after the initial public offering.
They are typically priced at scale at a fund&#146;s inception. The Boards noted that only one closed-end fund in the Fund Complex has breakpoints in its advisory fee structure.</P>
<P style="text-align: left;"><B>E. Other Factors Deemed Relevant by the Board Members:</B> The Boards, including the Independent
Board Members, also took into account other ancillary or &#147;fall-out&#148; benefits that BlackRock or its affiliates may derive
from their respective relationships with the Funds, both tangible and intangible, such as BlackRock&#146;s ability to leverage
its investment professionals who manage other portfolios and risk management personnel, an increase in BlackRock&#146;s profile
in the investment advisory community, and the engagement of BlackRock&#146;s affiliates as service providers to the Funds, including
securities lending and cash management services. The Boards also considered BlackRock&#146;s overall operations and its efforts
to expand the scale of, and improve the quality of, its operations. The Boards also noted that BlackRock may use and benefit from
third party research obtained by soft dollars generated by certain registered fund transactions to assist in managing all or a
number of its other client accounts. The Boards further noted that they had considered the investment by BlackRock&#146;s funds
in exchange traded funds (i.e., ETFs) without any offset against the management fees payable by the funds to BlackRock.</P>
<P style="text-align: left;">
In connection with its consideration of the Agreements, the Boards also received information regarding BlackRock&#146;s brokerage and soft dollar practices. The Boards received reports from BlackRock which included information on brokerage commissions
and trade execution practices throughout the year.</P>
<P style="text-align: left;">
The Boards noted the competitive nature of the closed-end fund marketplace, and that shareholders are able to sell their Fund shares in the secondary market if they believe that the Fund&#146;s fees and expenses are too high or if they are dissatisfied
with the performance of the Fund.</P>
<P style="text-align: left;"><B>Conclusion</B></P>
<P style="text-align: left;">
Each Board, including all the Independent Board Members, unanimously approved the continuation of the Advisory Agreement between the Manager and its Fund for a one-year term ending June 30, 2013, and the Sub-Advisory Agreement among the Manager, the
Sub-Advisor, and its Fund for a one-year term ending June 30, 2013. Based upon its evaluation of all of the aforementioned factors in their totality, the Boards, including the Independent Board Members, were satisfied that the terms of the Agreements
were fair and reasonable and in the best interest of the Funds and their shareholders. In arriving at their decision to approve the Agreements, the Boards did not identify any single factor or group of factors as all-important or controlling, but
considered all factors together, and different Board Members may have attributed different weights to the various factors considered. The Independent Board Members were also assisted by the advice of independent legal counsel in making these
determinations. The contractual fee arrangements for the Funds reflect the results of several years of review by the Board Members and predecessor Board Members, and discussions between such Board Members (and predecessor Board Members) and BlackRock. As
a result, the Board Members&#146; conclusions may be based in part on their consideration of these arrangements in prior years.</P>
</DIV>

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<FONT color="#0000cc"><A NAME="a_016"></A>Automatic Dividend Reinvestment Plans</FONT></P>
<P style="text-align: left;">
Pursuant to each Fund&#146;s Dividend Reinvestment Plan (the &#147;Reinvestment Plan&#148;), Common Shareholders are automatically enrolled to have all distributions of dividends and capital gains reinvested by Computershare Trust Company, N.A. (the
&#147;Reinvestment Plan Agent&#148;) in the respective Fund&#146;s shares pursuant to the Reinvestment Plan. Shareholders who do not participate in the Reinvestment Plan will receive all distributions in cash paid by check and mailed directly to the
shareholders of record (or if the shares are held in street name or other nominee name, then to the nominee) by the Reinvestment Plan Agent, which serves as agent for the shareholders in administering the Reinvestment Plan.</P>
<P style="text-align: left;">
After the Funds declare a dividend or determine to make a capital gain distribution, the Reinvestment Plan Agent will acquire shares for the participants&#146; accounts, depending upon the following circumstances, either (i) through receipt of unissued
but authorized shares from the Funds (&#147;newly issued shares&#148;) or (ii) by purchase of outstanding shares on the open market or on the Fund&#146;s primary exchange (&#147;open-market purchases&#148;). If, on the dividend payment date, the net
asset value per share (&#147;NAV&#148;) is equal to or less than the market price per share plus estimated brokerage commissions (such condition often referred to as a &#147;market premium&#148;), the Reinvestment Plan Agent will invest the dividend
amount in newly issued shares acquired on behalf of the participants. The number of newly issued shares to be credited to each participant&#146;s account will be determined by dividing the dollar amount of the dividend by the NAV on the date the shares
are issued. However, if the NAV is less than 95% of the market price on the dividend payment date, the dollar amount of the dividend will be divided by 95% of the market price on the dividend payment date. If, on the dividend payment date, the NAV is
greater than the market price per share plus estimated brokerage commissions (such condition often referred to as a &#147;market discount&#148;), the Reinvestment Plan Agent will invest the dividend amount in shares acquired on behalf of the participants
in open-market purchases. If the Reinvestment Plan Agent is unable to invest the full dividend amount in open-market purchases, or if the market discount shifts to a market premium during the purchase period, the Reinvestment Plan Agent will invest any
un-invested portion in newly issued shares. Investments in newly issued shares made in this manner would be made pursuant to the same process described above and the date of issue for such newly issued shares will substitute for the dividend payment
date.</P>
<P style="text-align: left;">
Participation in the Reinvestment Plan is completely voluntary and may be terminated or resumed at any time without penalty by notice if received and processed by the Reinvestment Plan Agent prior to the dividend record date. Additionally, the
Reinvestment Plan Agent seeks to process notices received after the record date but prior to the payable date and such notices often will become effective by the payable date. Where late notices are not processed by the applicable payable date, such
termination or resumption will be effective with respect to any subsequently declared dividend or other distribution.</P>
<P style="text-align: left;">
The Reinvestment Plan Agent&#146;s fees for the handling of the reinvestment of dividends and distributions will be paid by each Fund. However, each participant will pay a pro rata share of brokerage commissions incurred with respect to the Reinvestment
Plan Agent&#146;s open market purchases in connection with the reinvestment of dividends and distributions. The automatic reinvestment of dividends and distributions will not relieve participants of any federal income tax that may be payable on such
dividends or distributions.</P>
<P style="text-align: left;">
Each Fund reserves the right to amend or terminate the Reinvestment Plan. There is no direct service charge to participants in the Reinvestment Plan. However, each Fund reserves the right to amend the Reinvestment Plan to include a service charge payable
by the participants. Participants that request a sale of shares are subject to a &#36;2.50 sales fee and a &#36;0.15 per share fee. Per share fees include any applicable brokerage commissions the Reinvestment Plan Agent is required to pay. All
correspondence concerning the Reinvestment Plan should be directed to Computershare Trust Company, N. A. through the internet at www.computershare.com/ investor, or in writing to Computershare, P. O. Box 43078, Providence, RI 02940-3078, Telephone: (800)
699-1236. Overnight correspondence should be directed to the Reinvestment Plan Agent at 250 Royall Street, Canton, MA 02021.</P>
</DIV>

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<P STYLE="text-align: left; font-size: 14pt; border-top: rgb(57,76,165) 4pt solid">
<FONT color="#0000cc"><A NAME="a_017"></A>Officers and Directors</FONT></P>
<DIV align="left">
</DIV>

<TABLE CELLSPACING="0" CELLPADDING="4" STYLE="width: 100%">
<TR>
    <TD NOWRAP STYLE="vertical-align: bottom; width: 13%; font: bold 10pt Arial, Helvetica, Sans-Serif; text-indent: 0in"><FONT STYLE="font-size: 8pt">Name,
    Address<BR> and Year of Birth</FONT></TD>
    <TD NOWRAP STYLE="vertical-align: bottom; width: 10%; font: bold 10pt Arial, Helvetica, Sans-Serif; text-indent: 0in"><FONT STYLE="font-size: 8pt"><BR>Position(s)<BR>
    Held with<BR> Funds</FONT></TD>
    <TD NOWRAP STYLE="vertical-align: bottom; width: 8%; font: bold 10pt Arial, Helvetica, Sans-Serif; text-indent: 0in"><FONT STYLE="font-size: 8pt"><B>Length</B><BR>
    <B>of Time</B><BR>
    <B>Served as</B><BR>
    <B>a Director<SUP>2</SUP></B></FONT></TD>
    <TD NOWRAP STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; width: 43%; text-indent: 0in; text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 8pt">Principal
    Occupation(s) <BR>
During Past Five Years</FONT></TD>
    <TD NOWRAP STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; width: 12%; text-indent: 0in"><FONT STYLE="font-size: 8pt">Number
    of <BR>
BlackRock-<BR> Advised <BR>
Registered<BR> Investment <BR>
Companies<BR> (&ldquo;RICs&rdquo;) <BR>
Consisting of<BR>
Investment <BR>
Portfolios<BR>
    (&ldquo;Portfolios&rdquo;) <BR>
Overseen</FONT></TD>
    <TD NOWRAP STYLE="vertical-align: bottom; width: 13%; font: bold 10pt Arial, Helvetica, Sans-Serif; text-indent: 0in"><FONT STYLE="font-size: 8pt">Public
    <BR>
Directorships</FONT></TD>
    </TR>
<TR>
    <TD COLSPAN="6" STYLE="text-align: left; color: rgb(57,76,135); border-top: rgb(57,76,165) 2pt solid; border-bottom: rgb(57,76,165) 1pt solid; padding-top: 1pt; padding-bottom: 1pt; background-color: rgb(227,227,239); padding-left: 12pt"><FONT STYLE="font-size: 8pt; color: #0000CC"><B>Independent
    Directors<SUP>1</SUP></B></FONT>&nbsp;</TD>
    </TR>
<TR>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; vertical-align: top"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 3pt; text-indent: 0in"><FONT STYLE="font-size: 8pt"><B>Richard
                                                                    E. Cavanagh</B></FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 3pt; text-indent: 0in"><FONT STYLE="font-size: 8pt">55
        East 52nd Street<BR>
        New York, NY 10055</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 3pt; text-indent: 0in"><FONT STYLE="font-size: 8pt">1946</FONT></P></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-indent: 0in"><FONT STYLE="font-size: 8pt">Chairman
    of the Board and Director</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-indent: 0in"><FONT STYLE="font-size: 8pt">Since
    2007</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-indent: 0in"><FONT STYLE="font-size: 8pt">Trustee,
    Aircraft Finance Trust from 1999 to 2009; Director, The Guardian Life Insurance Company of America since 1998; Director, Arch
    Chemical (chemical and allied products) from 1999 to 2011; Trustee, Educational Testing Service from 1997 to 2009 and Chairman
    thereof from 2005 to 2009; Senior Advisor, The Fremont Group since 2008 and Director thereof since 1996; Adjunct Lecturer,
    Harvard University since 2007; President and Chief Executive Officer, The Conference Board, Inc. (global business research
    organization) from 1995 to 2007.</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-indent: 0in"><FONT STYLE="font-size: 8pt">98
    RICS consisting of 94 Portfolios</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-indent: 0in"><FONT STYLE="font-size: 8pt">None</FONT></TD>
    </TR>
<TR>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; vertical-align: top"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 3pt; text-indent: 0in"><FONT STYLE="font-size: 8pt"><B>Karen
                                                                    P. Robards</B></FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 3pt; text-indent: 0in"><FONT STYLE="font-size: 8pt">55
        East 52nd Street<BR>
        New York, NY 10055</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 3pt; text-indent: 0in"><FONT STYLE="font-size: 8pt">1950</FONT></P></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-indent: 0in; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Vice
    Chairperson of the Board, Chairperson of the Audit Committee and Director</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-indent: 0in"><FONT STYLE="font-size: 8pt">Since
    2007</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-indent: 0in"><FONT STYLE="font-size: 8pt">Partner
    of Robards &amp; Company, LLC (financial advisory firm) since 1987; Co-founder and Director of the Cooke Center for Learning
    and Development (a not-for-profit organization) since 1987; Director of Care Investment Trust, Inc. (health care real estate
    investment trust) from 2007 to 2010; Investment Banker at Morgan Stanley from 1976 to 1987.</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-indent: 0in"><FONT STYLE="font-size: 8pt">98
    RICs consisting of 94 Portfolios</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-indent: 0in"><FONT STYLE="font-size: 8pt">AtriCure,
    Inc. (medical devices)</FONT></TD>
    </TR>
<TR>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; vertical-align: top"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 3pt; text-indent: 0in"><FONT STYLE="font-size: 8pt"><B>Michael
                                                                    J. Castellano</B></FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 3pt; text-indent: 0in"><FONT STYLE="font-size: 8pt">55
        East 52nd Street<BR>
        New York, NY 10055</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 3pt; text-indent: 0in"><FONT STYLE="font-size: 8pt">1946</FONT></P></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-indent: 0in"><FONT STYLE="font-size: 8pt">Director
    and Member of the Audit Committee</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-indent: 0in"><FONT STYLE="font-size: 8pt">Since
    2011</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-indent: 0in"><FONT STYLE="font-size: 8pt">Managing
    Director and Chief Financial Officer of Lazard Group LLC from 2001 to 2011; Chief Financial Officer of Lazard Ltd from 2004
    to 2011; Director, Support Our Aging Religious (non-profit) since 2009; Director, National Advisory Board of Church Management
    at Villanova University since 2010.</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-indent: 0in"><FONT STYLE="font-size: 8pt">98
    RICs consisting of 94 Portfolios</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-indent: 0in"><FONT STYLE="font-size: 8pt">None</FONT></TD>
    </TR>
<TR>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; vertical-align: top"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 3pt; text-indent: 0in"><FONT STYLE="font-size: 8pt"><B>Frank
                                                                    J. Fabozzi</B></FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 3pt; text-indent: 0in"><FONT STYLE="font-size: 8pt">55
        East 52nd Street<BR>
        New York, NY 10055</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 3pt; text-indent: 0in"><FONT STYLE="font-size: 8pt">1948</FONT></P></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-indent: 0in"><FONT STYLE="font-size: 8pt">Director
    and Member of the Audit Committee</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-indent: 0in"><FONT STYLE="font-size: 8pt">Since
    2007</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-indent: 0in"><FONT STYLE="font-size: 8pt">Editor
    of and Consultant for The Journal of Portfolio Management since 1986; Professor of Finance, EDHEC Business School since 2011;
    Professor in the Practice of Finance and Becton Fellow, Yale University School of Management from 2006 to 2011; Adjunct Professor
    of Finance and Becton Fellow, Yale University from 1994 to 2006.</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-indent: 0in"><FONT STYLE="font-size: 8pt">98
    RICs consisting of 94 Portfolios</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-indent: 0in"><FONT STYLE="font-size: 8pt">None</FONT></TD>
    </TR>
<TR>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; vertical-align: top"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 3pt; text-indent: 0in"><FONT STYLE="font-size: 8pt"><B>Kathleen
                                                                    F. Feldstein</B></FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 3pt; text-indent: 0in"><FONT STYLE="font-size: 8pt">55
        East 52nd Street<BR>
        New York, NY 10055</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 3pt; text-indent: 0in"><FONT STYLE="font-size: 8pt">1941</FONT></P></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-indent: 0in"><FONT STYLE="font-size: 8pt">Director</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-indent: 0in"><FONT STYLE="font-size: 8pt">Since
    2007</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-indent: 0in"><FONT STYLE="font-size: 8pt">President
    of Economics Studies, Inc. (private economic consulting firm) since 1987; Chair, Board of Trustees, McLean Hospital from 2000
    to 2008 and Trustee Emeritus thereof since 2008; Member of the Board of Partners Community Healthcare, Inc. from 2005 to 2009;
    Member of the Corporation of Partners HealthCare since 1995; Trustee, Museum of Fine Arts, Boston since 1992; Member of the
    Visiting Committee to the Harvard University Art Museum since 2003; Director, Catholic Charities of Boston since 2009.</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-indent: 0in"><FONT STYLE="font-size: 8pt">98
    RICs consisting of 94 Portfolios</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-indent: 0in"><FONT STYLE="font-size: 8pt">The
    McClatchy Company (publishing) BellSouth (telecommunications); Knight Ridder (publishing)</FONT></TD>
    </TR>
<TR>
    <TD NOWRAP STYLE="vertical-align: top; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 3pt; text-indent: 0in"><FONT STYLE="font-size: 8pt"><B>James
                                    T. Flynn</B></FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 3pt; text-indent: 0in"><FONT STYLE="font-size: 8pt">55
        East 52nd Street<BR>
        New York, NY 10055</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-size: 8pt">1939</FONT></P></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-indent: 0in; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Director
    and Member of the Audit Committee</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-indent: 0in; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Since
    2007</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-bottom: Black 1pt solid; text-indent: 0in"><FONT STYLE="font-size: 8pt">Chief
    Financial Officer of JP Morgan &amp; Co., Inc. from 1990 to 1995.</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-bottom: Black 1pt solid; text-indent: 0in"><FONT STYLE="font-size: 8pt">98
    RICs consisting of 94 Portfolios</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-indent: 0in; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">None</FONT></TD>
    </TR>
<TR>
    <TD NOWRAP STYLE="vertical-align: top; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 3pt; text-indent: 0in"><FONT STYLE="font-size: 8pt"><B>Jerrold
                                                                                                 B. Harris</B></FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 3pt; text-indent: 0in"><FONT STYLE="font-size: 8pt">55
        East 52nd Street<BR>
        New York, NY 10055</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-size: 8pt">1942</FONT></P></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-indent: 0in; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Director</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-indent: 0in; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Since
    2007</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-bottom: Black 1pt solid; text-indent: 0in"><FONT STYLE="font-size: 8pt">Trustee,
    Ursinus College since 2000; Director, Troemner LLC (scientific equipment) since 2000; Director of Delta Waterfowl Foundation
    since 2001; President and Chief Executive Officer, VWR Scientific Products Corporation from 1990 to 1999.</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-bottom: Black 1pt solid; text-indent: 0in"><FONT STYLE="font-size: 8pt">98
    RICs consisting of 94 Portfolios</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-indent: 0in; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">BlackRock
    Kelso Capital Corp. (business development company)</FONT></TD>
    </TR>
</TABLE>


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<P STYLE="margin: 0px">&nbsp;</P>
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<FONT color="#0000cc">Officers and Directors (continued)</FONT></P>
<DIV align="left">

</DIV></DIV></DIV></DIV>

<TABLE CELLSPACING="0" CELLPADDING="4" STYLE="width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="width: 13%; text-indent: 0in; font-weight: bold"><FONT STYLE="font-size: 8pt">Name, Address<BR> and Year of Birth</FONT></TD>
    <TD NOWRAP STYLE="width: 10%; text-indent: 0in; font-weight: bold"><FONT STYLE="font-size: 8pt"><BR>Position(s)<BR> Held with<BR>
    Funds</FONT></TD>
    <TD NOWRAP STYLE="width: 8%; text-indent: 0in; font-weight: bold"><FONT STYLE="font-size: 8pt"><B>Length</B><BR>
    <B>of Time</B><BR>
    <B>Served as</B><BR>
    <B>a Director <SUP>2</SUP></B></FONT></TD>
    <TD NOWRAP STYLE="width: 43%; text-indent: 0in; font-weight: bold"><FONT STYLE="font-size: 8pt">Principal Occupation(s) <BR>
During Past
    Five Years</FONT></TD>
    <TD NOWRAP STYLE="width: 12%; text-indent: 0in; font-weight: bold"><FONT STYLE="font-size: 8pt">Number of <BR>
BlackRock-<BR> Advised
    <BR>
Registered<BR> Investment <BR>
Companies<BR> (&ldquo;RICs&rdquo;) <BR>
Consisting of<BR>
Investment <BR>
Portfolios<BR> (&ldquo;Portfolios&rdquo;)
    <BR>
Overseen</FONT></TD>
    <TD NOWRAP STYLE="width: 13%; text-indent: 0in; font-weight: bold"><FONT STYLE="font-size: 8pt">Public <BR>
Directorships</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #E9EBFB">
    <TD COLSPAN="6" STYLE="text-align: left; color: rgb(57,76,135); border-top: rgb(57,76,165) 2pt solid; border-bottom: rgb(57,76,165) 1pt solid; padding-top: 1pt; padding-bottom: 1pt; background-color: rgb(227,227,239); padding-left: 12pt"><FONT STYLE="font-size: 8pt; color: #0000CC"><B>Independent
    Directors<SUP>1 </SUP>(concluded)</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 3pt; text-indent: 0in"><FONT STYLE="font-size: 8pt"><B>R.
        Glenn Hubbard</B></FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 3pt; text-indent: 0in"><FONT STYLE="font-size: 8pt">55
        East 52nd Street<BR>
        New York, NY 10055</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 3pt; text-indent: 0in"><FONT STYLE="font-size: 8pt">1958</FONT></P></TD>
    <TD STYLE="text-indent: 0in"><FONT STYLE="font-size: 8pt">Director</FONT></TD>
    <TD STYLE="text-indent: 0in"><FONT STYLE="font-size: 8pt">Since 2007</FONT></TD>
    <TD STYLE="text-indent: 0in"><FONT STYLE="font-size: 8pt">Dean, Columbia Business School since 2004; Columbia faculty member
    since 1988; Co-Director, Columbia Business School&rsquo;s Entrepreneurship Program from 1997 to 2004; Chairman, U.S. Council
    of Economic Advisers under the President of the United States from 2001 to 2003; Chairman, Economic Policy Committee of the
    OECD from 2001 to 2003.</FONT></TD>
    <TD STYLE="text-indent: 0in"><FONT STYLE="font-size: 8pt">98 RICs consisting of 94 Portfolios</FONT></TD>
    <TD STYLE="text-indent: 0in"><FONT STYLE="font-size: 8pt">ADP (data and information services); KKR Financial Corporation (finance);
    Metropolitan Life Insurance Company (insurance)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP STYLE="border-top: Black 1pt solid"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 3pt; text-indent: 0in"><FONT STYLE="font-size: 8pt"><B>W.
        Carl Kester</B></FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 3pt; text-indent: 0in"><FONT STYLE="font-size: 8pt">55
        East 52nd Street<BR>
        New York, NY 10055</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 3pt; text-indent: 0in"><FONT STYLE="font-size: 8pt">1951</FONT></P></TD>
    <TD STYLE="text-indent: 0in; border-top: Black 1pt solid"><FONT STYLE="font-size: 8pt">Director and Member of the Audit Committee</FONT></TD>
    <TD STYLE="text-indent: 0in; border-top: Black 1pt solid"><FONT STYLE="font-size: 8pt">Since 2007</FONT></TD>
    <TD STYLE="text-indent: 0in; border-top: Black 1pt solid"><FONT STYLE="font-size: 8pt">George Fisher Baker Jr. Professor of Business Administration, Harvard
    Business School; Deputy Dean for Academic Affairs from 2006 to 2010; Chairman of the Finance Department, Harvard Business
    School from 2005 to 2006; Senior Associate Dean and Chairman of the MBA Program of Harvard Business School from 1999 to 2005;
    Member of the faculty of Harvard Business School since 1981.</FONT></TD>
    <TD STYLE="text-indent: 0in; border-top: Black 1pt solid"><FONT STYLE="font-size: 8pt">98 RICs consisting of 94 Portfolios</FONT></TD>
    <TD STYLE="text-indent: 0in; border-top: Black 1pt solid"><FONT STYLE="font-size: 8pt">None</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP STYLE="text-indent: 0in"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="5" STYLE="padding-left: 12.85pt; text-indent: -12.85pt; border-top: Black 1pt solid"><FONT STYLE="font-size: 8pt"><SUP>1 &#9;</SUP>&nbsp;&nbsp;Directors
    serve until their resignation, removal or death, or until December 31 of the year in which they turn 72. The maximum age limitation
    may be waived as to any Director by action of a majority of the Directors upon finding good cause thereof. In 2011, the Board
    of Directors unanimously approved extending the mandatory retirement age for James T. Flynn by one additional year, which
    the Board believes would be in the best interest of shareholders.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP STYLE="text-indent: 0in"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="5" STYLE="padding-left: 12.85pt; text-indent: -12.85pt"><FONT STYLE="font-size: 8pt"><SUP>2 &#9;&nbsp;&nbsp;</SUP>Date
    shown is the earliest date a person has served for the Funds covered by this annual report. Following the combination of Merrill
    Lynch Investment Managers, L.P. (&ldquo;MLIM&rdquo;) and BlackRock, Inc. (&ldquo;BlackRock&rdquo;) in September 2006, the
    various legacy MLIM and legacy BlackRock fund boards were realigned and consolidated into three new fund boards in 2007. As
    a result, although the chart shows certain Directors as joining the Fund&rsquo;s board in 2007, each Director first became
    a member of the board of other legacy MLIM or legacy BlackRock Funds as follows: Richard E. Cavanagh, 1994; Frank J. Fabozzi,
    1988; Kathleen F. Feldstein, 2005; James T. Flynn, 1996; Jerrold B. Harris, 1999; R. Glenn Hubbard, 2004; W. Carl Kester,
    1995; and Karen P. Robards, 1998.</FONT></TD></TR>
</TABLE>


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<P style="MARGIN:0px">&nbsp;</P>
<DIV align="left">

</DIV></DIV></DIV></DIV></DIV>

<TABLE CELLSPACING="0" CELLPADDING="4" STYLE="width: 100%">
<TR STYLE="vertical-align: bottom; background-color: #E9EBFB">
    <TD COLSPAN="6" STYLE="text-align: left; color: rgb(57,76,135); border-top: rgb(57,76,165) 2pt solid; border-bottom: rgb(57,76,165) 1pt solid; padding-top: 1pt; padding-bottom: 1pt; background-color: rgb(227,227,239); padding-left: 12pt"><FONT STYLE="font-size: 8pt"><B>Interested
    Directors<SUP>3</SUP></B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 13%"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 3pt; text-indent: 0in"><FONT STYLE="font-size: 8pt"><B>Paul
        L. Audet</B></FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 3pt; text-indent: 0in"><FONT STYLE="font-size: 8pt">55
        East 52nd Street<BR>
        New York, NY 10055</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 3pt; text-indent: 0in"><FONT STYLE="font-size: 8pt">1953</FONT></P></TD>
    <TD STYLE="width: 10%; text-indent: 0in"><FONT STYLE="font-size: 8pt">Director</FONT></TD>
    <TD STYLE="width: 8%; text-indent: 0in"><FONT STYLE="font-size: 8pt">Since 2011</FONT></TD>
    <TD STYLE="width: 43%; text-indent: 0in"><FONT STYLE="font-size: 8pt">Senior Managing Director of BlackRock and Head of U.S.
    Mutual Funds since 2011; Chair of the U.S. Mutual Funds Committee reporting to the Global Executive Committee since 2011;
    Head of BlackRock&rsquo;s Real Estate business from 2008 to 2011; Member of BlackRock&rsquo;s Global Operating and Corporate
    Risk Management Committees and of the BlackRock Alternative Investors Executive Committee and Investment Committee for the
    Private Equity Fund of Funds business since 2008; Head of BlackRock&rsquo;s Global Cash Management business from 2005 to 2010;
    Acting Chief Financial Officer of BlackRock from 2007 to 2008; Chief Financial Officer of BlackRock from 1998 to 2005.</FONT></TD>
    <TD STYLE="width: 12%; text-indent: 0in"><FONT STYLE="font-size: 8pt">160 RICs consisting of 278 Portfolios</FONT></TD>
    <TD STYLE="width: 13%; text-indent: 0in"><FONT STYLE="font-size: 8pt">None</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-top: Black 1pt solid"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 3pt; text-indent: 0in"><FONT STYLE="font-size: 8pt"><B>Henry
        Gabbay</B></FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 3pt; text-indent: 0in"><FONT STYLE="font-size: 8pt">55
        East 52nd Street<BR>
        New York, NY 10055</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 3pt; text-indent: 0in"><FONT STYLE="font-size: 8pt">1947</FONT></P></TD>
    <TD STYLE="text-indent: 0in; border-top: Black 1pt solid"><FONT STYLE="font-size: 8pt">Director</FONT></TD>
    <TD STYLE="text-indent: 0in; border-top: Black 1pt solid"><FONT STYLE="font-size: 8pt">Since 2007</FONT></TD>
    <TD STYLE="text-indent: 0in; border-top: Black 1pt solid"><FONT STYLE="font-size: 8pt">Consultant, BlackRock from 2007 to 2008; Managing Director, BlackRock
    from 1989 to 2007; Chief Administrative Officer, BlackRock Advisors, LLC from 1998 to 2007; President of BlackRock Funds and
    BlackRock Bond Allocation Target Shares from 2005 to 2007; Treasurer of certain closed-end funds in the BlackRock fund complex
    from 1989 to 2006.</FONT></TD>
    <TD STYLE="text-indent: 0in; border-top: Black 1pt solid"><FONT STYLE="font-size: 8pt">160 RICs consisting of 278 Portfolios</FONT></TD>
    <TD STYLE="text-indent: 0in; border-top: Black 1pt solid"><FONT STYLE="font-size: 8pt">None</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="5" STYLE="padding-left: 14.95pt; text-indent: -14.95pt; border-top: Black 1pt solid"><FONT STYLE="font-size: 8pt"><SUP>3 &nbsp;&nbsp;&nbsp;&nbsp;</SUP>Mr.
Audet is an &ldquo;interested person,&rdquo; as defined in the 1940 Act, of the Funds based on his position with BlackRock and
its affiliates. Mr. Gabbay is an &ldquo;interested person&rdquo; of the Funds based on his former positions with BlackRock and
its affiliates as well as his ownership of BlackRock and The PNC Financial Services Group, Inc. securities. Mr. Audet and Mr.
Gabbay are also Directors of the BlackRock registered open-end funds. Directors serve until their resignation, removal or death,
or until December 31 of the year in which they turn 72. The maximum age limitation may be waived as to any Director by action
of a majority of the Directors upon finding good cause thereof.</FONT></TD></TR>
</TABLE>


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<P style="MARGIN:0px">&nbsp;</P>
</DIV>

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<FONT color="#0000cc">Officers and Directors (concluded)</FONT></P>
<DIV align="left">


</DIV></DIV></DIV></DIV></DIV>

<TABLE CELLSPACING="0" CELLPADDING="4" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-size: 8pt"><B>Name,
               Address</B></FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-size: 8pt"><B>and Year
        of Birth</B></FONT></P></TD>
    <TD NOWRAP><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-size: 8pt"><B>Position(s)</B></FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-size: 8pt"><B>Held with</B></FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-size: 8pt"><B>Funds</B></FONT></P></TD>
    <TD NOWRAP><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-size: 8pt"><B>Length
               of</B></FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-size: 8pt"><B>Time Served</B></FONT></P></TD>
    <TD NOWRAP STYLE="width: 62%; text-indent: 0in; font-weight: bold"><FONT STYLE="font-size: 8pt">Principal Occupation(s) During
    Past Five Years</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="4" STYLE="text-align: left; color: rgb(57,76,135); border-top: rgb(57,76,165) 2pt solid; border-bottom: rgb(57,76,165) 1pt solid; padding-top: 1pt; padding-bottom: 1pt; background-color: rgb(227,227,239); padding-left: 12pt"><FONT STYLE="font-size: 8pt; color: #0000CC"><B>Officers<SUP>1</SUP></B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-size: 8pt"><B>John
               M. Perlowski</B></FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-size: 8pt">55 East 52nd
        Street<BR>
        New York, NY 10055</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-size: 8pt">1964</FONT></P></TD>
    <TD STYLE="text-indent: 0in; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">President and Chief Executive Officer</FONT></TD>
    <TD STYLE="text-indent: 0in; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Since 2011</FONT></TD>
    <TD STYLE="text-indent: 0in; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Managing Director of BlackRock since 2009; Global Head of BlackRock
    Fund Administration since 2009; Managing Director and Chief Operating Officer of the Global Product Group at Goldman Sachs
    Asset Management, L.P. from 2003 to 2009; Treasurer of Goldman Sachs Mutual Funds from 2003 to 2009 and Senior Vice President
    thereof from 2007 to 2009; Director of Goldman Sachs Offshore Funds from 2002 to 2009; Director of Family Resource Network
    (charitable foundation) since 2009.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-size: 8pt"><B>Anne
               Ackerley</B></FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-size: 8pt">55 East 52nd
        Street<BR>
        New York, NY 10055</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-size: 8pt">1962</FONT></P></TD>
    <TD STYLE="text-indent: 0in; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Vice President</FONT></TD>
    <TD STYLE="text-indent: 0in; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Since 2007<SUP>2</SUP></FONT></TD>
    <TD STYLE="text-indent: 0in; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Managing Director of BlackRock since 2000; Chief Marketing Officer
    of BlackRock since 2012; President and Chief Executive Officer of the BlackRock-advised funds from 2009 to 2011; Vice President
    of the BlackRock-advised funds from 2007 to 2009; Chief Operating Officer of BlackRock&rsquo;s Global Client Group since 2009
    to 2012; Chief Operating Officer of BlackRock&rsquo;s U.S. Retail Group from 2006 to 2009; Head of BlackRock&rsquo;s Mutual
    Fund Group from 2000 to 2006.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-size: 8pt"><B>Brendan
               Kyne</B></FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-size: 8pt">55 East 52nd
        Street<BR>
        New York, NY 10055</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-size: 8pt">1977</FONT></P></TD>
    <TD STYLE="text-indent: 0in; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Vice President</FONT></TD>
    <TD STYLE="text-indent: 0in; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Since 2009</FONT></TD>
    <TD STYLE="text-indent: 0in; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Managing Director of BlackRock since 2010; Director of BlackRock
    from 2008 to 2009; Head of Product Development and Management for BlackRock&rsquo;s U.S. Retail Group since 2009; and Co-head
    thereof from 2007 to 2009; Vice President of BlackRock from 2005 to 2008.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-size: 8pt"><B>Robert
               W. Crothers</B></FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-size: 8pt">55 East 52nd
        Street<BR>
        New York, NY 10055</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-size: 8pt">1981</FONT></P></TD>
    <TD STYLE="text-indent: 0in; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Vice President</FONT></TD>
    <TD STYLE="text-indent: 0in; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Since 2012</FONT></TD>
    <TD STYLE="text-indent: 0in; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Director of BlackRock since 2011; Vice President of BlackRock from
    2008 to 2010; Associate of BlackRock from 2006 to 2007.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-size: 8pt"><B>Neal
               Andrews</B></FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-size: 8pt">55 East 52nd
        Street<BR>
        New York, NY 10055</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-size: 8pt">1966</FONT></P></TD>
    <TD STYLE="text-indent: 0in; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Chief Financial Officer</FONT></TD>
    <TD STYLE="text-indent: 0in; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Since 2007</FONT></TD>
    <TD STYLE="text-indent: 0in; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Managing Director of BlackRock since 2006; Senior Vice President
    and Line of Business Head of Fund Accounting and Administration at PNC Global Investment Servicing (U.S.) Inc. from 1992 to
    2006.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-size: 8pt"><B>Jay
               Fife</B></FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-size: 8pt">55 East 52nd
        Street<BR>
        New York, NY 10055</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-size: 8pt">1970</FONT></P></TD>
    <TD STYLE="text-indent: 0in; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Treasurer</FONT></TD>
    <TD STYLE="text-indent: 0in; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Since 2007</FONT></TD>
    <TD STYLE="text-indent: 0in; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Managing Director of BlackRock since 2007; Director of BlackRock
    in 2006; Assistant Treasurer of the MLIM and Fund Asset Management, L.P. advised funds from 2005 to 2006; Director of MLIM
    Fund Services Group from 2001 to 2006. </FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid"><P STYLE="margin-bottom: 0pt"><FONT STYLE="font-size: 8pt"><B>Brian Kindelan</B></FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-size: 8pt">55 East 52nd
        Street<BR>
        New York, NY 10055</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-size: 8pt">1959</FONT></p></TD>
    <TD STYLE="text-indent: 0in; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Chief Compliance Officer and Anti-Money Laundering Officer</FONT></TD>
    <TD STYLE="text-indent: 0in; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Since 2007</FONT></TD>
    <TD STYLE="text-indent: 0in; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Chief Compliance Officer of the BlackRock-advised funds since 2007;
    Managing Director and Senior Counsel of BlackRock since 2005.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-size: 8pt"><B>Janey
               Ahn</B></FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-size: 8pt">55 East 52nd
        Street<BR>
        New York, NY 10055</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><FONT STYLE="font-size: 8pt">1975</FONT></P></TD>
    <TD STYLE="text-indent: 0in; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Secretary</FONT></TD>
    <TD STYLE="text-indent: 0in; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Since 2012</FONT></TD>
    <TD STYLE="text-indent: 0in; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">Director of BlackRock since 2009; Vice President of BlackRock from
    2008 to 2009; Assistant Secretary of the Funds from 2008 to 2012; Associate at Willkie Farr &amp; Gallagher LLP from 2006
    to 2008.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP STYLE="text-indent: 0in; font-weight: bold"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="padding-left: 16.3pt; text-indent: -16.3pt"><FONT STYLE="font-size: 8pt"><SUP>1 &#9;</SUP>Officers
    of the Funds serve at the pleasure of the Board.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP STYLE="text-indent: 0in; font-weight: bold; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="padding-left: 16.3pt; text-indent: -16.3pt; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt"><SUP>2 &#9;</SUP>Ms. Ackerley
    was President and Chief Executive Officer from 2009 to 2011.</FONT></TD></TR>
</TABLE>


<DIV STYLE="width: 100%; padding-right: 0%; padding-left: 0%"><DIV STYLE="text-align: left"><DIV STYLE="width: 100%; padding-right: 0%; padding-left: 0%"><DIV STYLE="width: 100%; padding-right: 0%; padding-left: 0%"><DIV STYLE="text-align: left"><P STYLE="margin: 0">&nbsp;</P>


</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<DIV align="left"><FONT STYLE="font-size: 7pt"><TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial"> <TR valign="bottom"></FONT><TD NOWRAP STYLE="text-align: left; width: 18%; padding-left: 6"><FONT STYLE="font-size: 7pt"><B>Investment
                                                                                                             Advisor</B></FONT></TD>
	<TD NOWRAP STYLE="text-align: left; width: 14%; padding-left: 6"><FONT STYLE="font-size: 7pt"><B>Custodian and</B></FONT></TD>
	<TD NOWRAP STYLE="text-align: left; width: 16%; padding-left: 6"><FONT STYLE="font-size: 7pt"><B>Transfer Agent</B></FONT></TD>
	<TD NOWRAP STYLE="text-align: left; width: 18%; padding-left: 6"><FONT STYLE="font-size: 7pt"><B>Independent Registered</B></FONT></TD>
	<TD NOWRAP STYLE="text-align: left; width: 16%; padding-left: 6"><FONT STYLE="font-size: 7pt"><B>Legal Counsel</B></FONT></TD>
	<TD NOWRAP STYLE="text-align: left; width: 17%; padding-left: 6"><FONT STYLE="font-size: 7pt"><B>Address of the Funds</B></FONT></TD>
</TR>
<TR valign="bottom">
	<TD NOWRAP STYLE="text-align: left; padding-left: 6"><FONT STYLE="font-size: 7pt">BlackRock Advisors, LLC</FONT></TD>
	<TD NOWRAP STYLE="text-align: left; padding-left: 6"><FONT STYLE="font-size: 7pt"><B>Accounting Agent</B></FONT></TD>
	<TD NOWRAP STYLE="text-align: left; padding-left: 6"><FONT STYLE="font-size: 7pt">Common Shares</FONT></TD>
	<TD NOWRAP STYLE="text-align: left; padding-left: 6"><FONT STYLE="font-size: 7pt"><B>Public Accounting Firm</B></FONT></TD>
	<TD NOWRAP STYLE="text-align: left; padding-left: 6"><FONT STYLE="font-size: 7pt">Skadden, Arps, Slate,</FONT></TD>
	<TD NOWRAP STYLE="text-align: left; padding-left: 6"><FONT STYLE="font-size: 7pt">100 Bellevue Parkway</FONT></TD>
</TR>
<TR valign="bottom">
	<TD NOWRAP STYLE="text-align: left; padding-left: 6"><FONT STYLE="font-size: 7pt">Wilmington, DE 19809</FONT></TD>
	<TD NOWRAP STYLE="text-align: left; padding-left: 6"><FONT STYLE="font-size: 7pt">State Street Bank</FONT></TD>
	<TD NOWRAP STYLE="text-align: left; padding-left: 6"><FONT STYLE="font-size: 7pt">Computershare Trust</FONT></TD>
	<TD NOWRAP STYLE="text-align: left; padding-left: 6"><FONT STYLE="font-size: 7pt">Deloitte &amp; Touche LLP</FONT></TD>
	<TD NOWRAP STYLE="text-align: left; padding-left: 6"><FONT STYLE="font-size: 7pt">Meagher &amp; Flom LLP</FONT></TD>
	<TD NOWRAP STYLE="text-align: left; padding-left: 6"><FONT STYLE="font-size: 7pt">Wilmington, DE 19809</FONT></TD>
</TR>
<TR valign="bottom">
	<TD NOWRAP STYLE="text-align: left; padding-left: 6"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
	<TD NOWRAP STYLE="text-align: left; padding-left: 6"><FONT STYLE="font-size: 7pt">and Trust Company</FONT></TD>
	<TD NOWRAP STYLE="text-align: left; padding-left: 6"><FONT STYLE="font-size: 7pt">Company, N.A.</FONT></TD>
	<TD NOWRAP STYLE="text-align: left; padding-left: 6"><FONT STYLE="font-size: 7pt">Boston, MA 02116</FONT></TD>
	<TD NOWRAP STYLE="text-align: left; padding-left: 6"><FONT STYLE="font-size: 7pt">New York, NY 10036</FONT></TD>
	<TD NOWRAP STYLE="text-align: left; padding-left: 6"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD NOWRAP STYLE="text-align: left; padding-left: 6"><FONT STYLE="font-size: 7pt"><B>Sub-Advisor</B></FONT></TD>
	<TD NOWRAP STYLE="text-align: left; padding-left: 6"><FONT STYLE="font-size: 7pt">Boston, MA 02110</FONT></TD>
	<TD NOWRAP STYLE="text-align: left; padding-left: 6"><FONT STYLE="font-size: 7pt">Canton, MA 02021</FONT></TD>
	<TD NOWRAP STYLE="text-align: left; padding-left: 6"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
	<TD NOWRAP STYLE="text-align: left; padding-left: 6"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
	<TD NOWRAP STYLE="text-align: left; padding-left: 6"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD NOWRAP STYLE="text-align: left; padding-left: 6"><FONT STYLE="font-size: 7pt">BlackRock Financial</FONT></TD>
	<TD NOWRAP STYLE="text-align: left; padding-left: 6"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
	<TD NOWRAP STYLE="text-align: left; padding-left: 6"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
	<TD NOWRAP STYLE="text-align: left; padding-left: 6"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
	<TD NOWRAP STYLE="text-align: left; padding-left: 6"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
	<TD NOWRAP STYLE="text-align: left; padding-left: 6"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD NOWRAP STYLE="text-align: left; padding-left: 6"><FONT STYLE="font-size: 7pt">Management, Inc.</FONT></TD>
	<TD NOWRAP STYLE="text-align: left; padding-left: 6"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
	<TD NOWRAP STYLE="text-align: left; padding-left: 6"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
	<TD NOWRAP STYLE="text-align: left; padding-left: 6"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
	<TD NOWRAP STYLE="text-align: left; padding-left: 6"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
	<TD NOWRAP STYLE="text-align: left; padding-left: 6"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD NOWRAP STYLE="text-align: left; padding-left: 6"><FONT STYLE="font-size: 7pt">New York, NY 10055</FONT></TD>
	<TD NOWRAP STYLE="text-align: left; padding-left: 6"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
	<TD NOWRAP STYLE="text-align: left; padding-left: 6"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
	<TD NOWRAP STYLE="text-align: left; padding-left: 6"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
	<TD NOWRAP STYLE="text-align: left; padding-left: 6"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
	<TD NOWRAP STYLE="text-align: left; padding-left: 6"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: center;">
</P></DIV></DIV></DIV></DIV>

<TABLE CELLPADDING="4" CELLSPACING="0" ALIGN="CENTER" STYLE="border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 100%; border: Black 1pt solid"><P STYLE="text-align: center"><FONT STYLE="font-size: 10pt">Effective May 22, 2012, Robert W. Crothers
                            became Vice President of the Funds.</FONT></P><P STYLE="text-align: center; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt">Effective
                                                                                                                                            May
                                                                                                                                            22,
                                                                                                                                            2012,
                                                                                                                                            Ira
                                                                                                                                            P.
                                                                                                                                            Shapiro
                                                                                                                                            resigned
                                                                                                                                            as
                                                                                                                                            Secretary
                                                                                                                                            of
                                                                                                                                            the
                                                                                                                                            Funds
                                                                                                                                            and
                                                                                                                                            <BR>
Janey
                                                                                                                                            Ahn
                                                                                                                                            became
                                                                                                                                            Secretary
                                                                                                                                            of
                                                                                                                                            the
                                                                                                                                            Funds.</FONT></P>
</TD></TR>
</TABLE>
<BR>


<TABLE CELLPADDING="4" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 100%; border: Black 1pt solid"><P STYLE="text-align: center"><FONT STYLE="font-size: 10pt">The Funds are managed by a team of investment professionals. Effective
March 16,2012, Tom Musmanno <BR>
became a co-portfolio manager of BLW, responsible for the day-to-day management of the Fund.</FONT></P></TD></TR>
</TABLE>


<DIV STYLE="width: 100%; padding-right: 0%; padding-left: 0%"><DIV STYLE="text-align: left"><DIV STYLE="width: 100%; padding-right: 0%; padding-left: 0%"><DIV STYLE="width: 100%; padding-right: 0%; padding-left: 0%"><DIV STYLE="text-align: left">

</DIV>

<!-- Field: Page; Sequence: 88; Value: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; padding-top: 6pt; padding-bottom: 12pt; border-top: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 9pt Arial, Helvetica, Sans-Serif"><TR><TD STYLE="text-align: left; width: 33%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->88<!-- Field: /Sequence --></TD><TD STYLE="text-align: center; width: 34%">ANNUAL REPORT</TD><TD STYLE="text-align: right; width: 33%">AUGUST 31, 2012</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->




<A name="page_89"></A><BR>

<a name="_bclPageBorder89"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<P STYLE="text-align: left; font-size: 14pt; border-top: rgb(57,76,165) 4pt solid">
<FONT color="#0000cc"><A NAME="a_018"></A>Additional Information</FONT></P>
<P STYLE="text-align: left; color: rgb(57,76,135); border-top: rgb(57,76,165) 2pt solid; border-bottom: rgb(57,76,165) 1pt solid; padding-top: 1pt; padding-bottom: 1pt; background-color: rgb(227,227,239); padding-left: 12pt">
<B><FONT color="#0000cc">Proxy Results</FONT></B></P>
<P style="text-align: left;">
The Annual Meeting of Shareholders was held on July 27, 2012 for shareholders of record on May 31, 2012 to elect director nominees for each Fund. There were no broker non-votes with regard to any of the Funds.</P>
<P style="text-align: left;">
Approved the Class II Directors as follows:</P>
<DIV align="left">


<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial"> <TR valign="bottom"><TD STYLE="text-align: center; border-top: Black 1pt solid"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
	<TD COLSPAN="3" STYLE="border-bottom: Black 1px solid; text-align: center; vertical-align: bottom; border-top: Black 1pt solid"><FONT STYLE="font-size: 9pt"><B>Frank J. Fabozzi</B></FONT></TD>

    <TD STYLE="border-top: Black 1pt solid">&nbsp;</TD><TD COLSPAN="3" STYLE="border-bottom: Black 1px solid; text-align: center; vertical-align: bottom; border-top: Black 1pt solid"><FONT STYLE="font-size: 9pt"><B>James T. Flynn</B></FONT></TD>

    <TD STYLE="border-top: Black 1pt solid">&nbsp;</TD><TD COLSPAN="3" STYLE="border-bottom: Black 1px solid; text-align: center; vertical-align: bottom; border-top: Black 1pt solid"><FONT STYLE="font-size: 9pt"><B>Karen P. Robards</B></FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="width: 10%; text-align: center"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
	<TD STYLE="width: 10%; text-align: center"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
	<TD STYLE="width: 10%; text-align: center"><FONT STYLE="font-size: 9pt"><B>Votes</B></FONT></TD>
	<TD STYLE="width: 8%; text-align: center"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>

    <TD STYLE="width: 3%">&nbsp;</TD><TD STYLE="width: 10%; text-align: center"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
	<TD STYLE="width: 10%; text-align: center"><FONT STYLE="font-size: 9pt"><B>Votes</B></FONT></TD>
	<TD STYLE="width: 8%; text-align: center"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>

    <TD STYLE="width: 3%">&nbsp;</TD><TD STYLE="width: 10%; text-align: center"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
	<TD STYLE="width: 10%; text-align: center"><FONT STYLE="font-size: 9pt"><B>Votes</B></FONT></TD>
	<TD STYLE="width: 8%; text-align: center"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
	<TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 9pt"><B>Votes
 For</B></FONT></TD>
	<TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 9pt"><B>Withheld</B></FONT></TD>
	<TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 9pt"><B>Abstain</B></FONT></TD>

    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 9pt"><B>Votes
 For</B></FONT></TD>
	<TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 9pt"><B>Withheld</B></FONT></TD>
	<TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 9pt"><B>Abstain</B></FONT></TD>

    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 9pt"><B>Votes
 For</B></FONT></TD>
	<TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 9pt"><B>Withheld</B></FONT></TD>
	<TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 9pt"><B>Abstain</B></FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">BHL</FONT></TD>
	<TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">8,598,551</FONT></TD>
	<TD STYLE="text-align: center"><FONT STYLE="font-size: 9pt">146,526</FONT></TD>
	<TD STYLE="text-align: center"><FONT STYLE="font-size: 9pt">0</FONT></TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: center"><FONT STYLE="font-size: 9pt">&nbsp;&nbsp;&nbsp;8,598,551</FONT></TD>
	<TD STYLE="text-align: center"><FONT STYLE="font-size: 9pt">146,526</FONT></TD>
	<TD STYLE="text-align: center"><FONT STYLE="font-size: 9pt">0</FONT></TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">8,591,754</FONT></TD>
	<TD STYLE="text-align: center"><FONT STYLE="font-size: 9pt">153,323</FONT></TD>
	<TD STYLE="text-align: center"><FONT STYLE="font-size: 9pt">0</FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 9pt">BLW</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">33,321,202</FONT></TD>
	<TD STYLE="text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">624,963</FONT></TD>
	<TD STYLE="text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">0</FONT></TD>

    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">33,306,967</FONT></TD>
	<TD STYLE="text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">639,198</FONT></TD>
	<TD STYLE="text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">0</FONT></TD>

    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">33,317,004</FONT></TD>
	<TD STYLE="text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">629,161</FONT></TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 9pt">0</FONT></TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: left;">
For the Funds listed above, Directors whose term of office continued after the Annual Meeting of Shareholders because they were not up for election are Paul L. Audet, Michael J. Castellano, Richard E. Cavanagh, Kathleen F. Feldstein, Henry Gabbay,
Jerrold B. Harris, R. Glenn Hubbard and W. Carl Kester.</P>
<P style="text-align: left;">
Approved the Directors as follows:</P>
<DIV align="left">


<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial"> <TR valign="bottom"><TD STYLE="text-align: left; border-top: Black 1pt solid"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
	<TD COLSPAN="3" STYLE="border-bottom: Black 1px solid; text-align: center; vertical-align: bottom; border-top: Black 1pt solid"><FONT STYLE="font-size: 9pt"><B>Paul L. Audet</B></FONT></TD>

    <TD STYLE="border-top: Black 1pt solid">&nbsp;</TD><TD COLSPAN="3" STYLE="border-bottom: Black 1px solid; text-align: center; vertical-align: bottom; border-top: Black 1pt solid"><FONT STYLE="font-size: 9pt"><B>Michael J. Castellano</B></FONT></TD>

    <TD STYLE="border-top: Black 1pt solid">&nbsp;</TD><TD COLSPAN="3" STYLE="border-bottom: Black 1px solid; text-align: center; vertical-align: bottom; border-top: Black 1pt solid"><FONT STYLE="font-size: 9pt"><B>Richard E. Cavanagh</B></FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; width: 10%"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left; width: 10%"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: center; width: 10%"><FONT STYLE="font-size: 9pt"><B>Votes</B></FONT></TD>
	<TD STYLE="text-align: left; width: 8%"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>

    <TD STYLE="width: 3%">&nbsp;</TD><TD STYLE="text-align: left; width: 10%"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: center; width: 10%"><FONT STYLE="font-size: 9pt"><B>Votes</B></FONT></TD>
	<TD STYLE="text-align: left; width: 8%"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>

    <TD STYLE="width: 3%">&nbsp;</TD><TD STYLE="text-align: left; width: 10%"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: center; width: 10%"><FONT STYLE="font-size: 9pt"><B>Votes</B></FONT></TD>
	<TD STYLE="text-align: left; width: 8%"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt"><B>Votes For</B></FONT></TD>
	<TD STYLE="text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt"><B>Withheld</B></FONT></TD>
	<TD STYLE="text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt"><B>Abstain</B></FONT></TD>

    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt"><B>Votes For</B></FONT></TD>
	<TD STYLE="text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt"><B>Withheld</B></FONT></TD>
	<TD STYLE="text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt"><B>Abstain</B></FONT></TD>

    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt"><B>Votes For</B></FONT></TD>
	<TD STYLE="text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt"><B>Withheld</B></FONT></TD>
	<TD STYLE="text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt"><B>Abstain</B></FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt"><FONT STYLE="font-size: 9pt">DVF</FONT></TD>
	<TD STYLE="text-align: center"><FONT STYLE="font-size: 9pt">11,445,811</FONT></TD>
	<TD STYLE="text-align: center"><FONT STYLE="font-size: 9pt">415,430</FONT></TD>
	<TD STYLE="text-align: center"><FONT STYLE="font-size: 9pt">0</FONT></TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: center"><FONT STYLE="font-size: 9pt">11,438,562</FONT></TD>
	<TD STYLE="text-align: center"><FONT STYLE="font-size: 9pt">422,679</FONT></TD>
	<TD STYLE="text-align: center"><FONT STYLE="font-size: 9pt">0</FONT></TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: center"><FONT STYLE="font-size: 9pt">11,445,811</FONT></TD>
	<TD STYLE="text-align: center"><FONT STYLE="font-size: 9pt">415,430</FONT></TD>
	<TD STYLE="text-align: center"><FONT STYLE="font-size: 9pt">0</FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: Black 1pt solid; text-indent: 0pt"><FONT STYLE="font-size: 9pt">FRA</FONT></TD>
	<TD STYLE="text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">17,065,874</FONT></TD>
	<TD STYLE="text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">225,995</FONT></TD>
	<TD STYLE="text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">0</FONT></TD>

    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">17,087,833</FONT></TD>
	<TD STYLE="text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">204,036</FONT></TD>
	<TD STYLE="text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">0</FONT></TD>

    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">17,088,066</FONT></TD>
	<TD STYLE="text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">203,803</FONT></TD>
	<TD STYLE="text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">0</FONT></TD>
</TR>
<TR>
	<TD COLSPAN="12"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-top: Black 1pt solid"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
	<TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1px solid; border-top: Black 1pt solid"><FONT STYLE="font-size: 9pt"><B>Frank J. Fabozzi</B></FONT></TD>

    <TD STYLE="border-top: Black 1pt solid">&nbsp;</TD><TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1px solid; border-top: Black 1pt solid"><FONT STYLE="font-size: 9pt"><B>Kathleen F. Feldstein</B></FONT></TD>

    <TD STYLE="border-top: Black 1pt solid">&nbsp;</TD><TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1px solid; border-top: Black 1pt solid; vertical-align: bottom"><FONT STYLE="font-size: 9pt"><B>James T. Flynn</B></FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: center"><FONT STYLE="font-size: 9pt"><B>Votes</B></FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: center"><FONT STYLE="font-size: 9pt"><B>Votes</B></FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: center"><FONT STYLE="font-size: 9pt"><B>Votes</B></FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt"><B>Votes For</B></FONT></TD>
	<TD STYLE="text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt"><B>Withheld</B></FONT></TD>
	<TD STYLE="text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt"><B>Abstain</B></FONT></TD>

    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt"><B>Votes For</B></FONT></TD>
	<TD STYLE="text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt"><B>Withheld</B></FONT></TD>
	<TD STYLE="text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt"><B>Abstain</B></FONT></TD>

    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt"><B>Votes For</B></FONT></TD>
	<TD STYLE="text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt"><B>Withheld</B></FONT></TD>
	<TD STYLE="text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt"><B>Abstain</B></FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt"><FONT STYLE="font-size: 9pt">DVF</FONT></TD>
	<TD STYLE="text-align: center"><FONT STYLE="font-size: 9pt">11,438,562</FONT></TD>
	<TD STYLE="text-align: center"><FONT STYLE="font-size: 9pt">422,679</FONT></TD>
	<TD STYLE="text-align: center"><FONT STYLE="font-size: 9pt">0</FONT></TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: center"><FONT STYLE="font-size: 9pt">11,439,282</FONT></TD>
	<TD STYLE="text-align: center"><FONT STYLE="font-size: 9pt">421,959</FONT></TD>
	<TD STYLE="text-align: center"><FONT STYLE="font-size: 9pt">0</FONT></TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: center"><FONT STYLE="font-size: 9pt">11,444,888</FONT></TD>
	<TD STYLE="text-align: center"><FONT STYLE="font-size: 9pt">416,353</FONT></TD>
	<TD STYLE="text-align: center"><FONT STYLE="font-size: 9pt">0</FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: Black 1pt solid; text-indent: 0pt"><FONT STYLE="font-size: 9pt">FRA</FONT></TD>
	<TD STYLE="text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">17,080,197</FONT></TD>
	<TD STYLE="text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">211,672</FONT></TD>
	<TD STYLE="text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">0</FONT></TD>

    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">17,065,020</FONT></TD>
	<TD STYLE="text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">226,849</FONT></TD>
	<TD STYLE="text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">0</FONT></TD>

    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">17,048,171</FONT></TD>
	<TD STYLE="text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">243,698</FONT></TD>
	<TD STYLE="text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">0</FONT></TD>
</TR>
<TR>
	<TD COLSPAN="12"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-top: Black 1pt solid"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
	<TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1px solid; vertical-align: bottom; border-top: Black 1pt solid"><FONT STYLE="font-size: 9pt"><B>Henry Gabbay</B></FONT></TD>

    <TD STYLE="border-top: Black 1pt solid">&nbsp;</TD><TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1px solid; border-top: Black 1pt solid"><FONT STYLE="font-size: 9pt"><B>Jerrold B. Harris</B></FONT></TD>

    <TD STYLE="border-top: Black 1pt solid">&nbsp;</TD><TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1px solid; border-top: Black 1pt solid"><FONT STYLE="font-size: 9pt"><B>R. Glenn Hubbard</B></FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: center"><FONT STYLE="font-size: 9pt"><B>Votes</B></FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: center"><FONT STYLE="font-size: 9pt"><B>Votes</B></FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: center"><FONT STYLE="font-size: 9pt"><B>Votes</B></FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt"><B>Votes For</B></FONT></TD>
	<TD STYLE="text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt"><B>Withheld</B></FONT></TD>
	<TD STYLE="text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt"><B>Abstain</B></FONT></TD>

    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt"><B>Votes For</B></FONT></TD>
	<TD STYLE="text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt"><B>Withheld</B></FONT></TD>
	<TD STYLE="text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt"><B>Abstain</B></FONT></TD>

    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt"><B>Votes For</B></FONT></TD>
	<TD STYLE="text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt"><B>Withheld</B></FONT></TD>
	<TD STYLE="text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt"><B>Abstain</B></FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; text-indent: 0pt"><FONT STYLE="font-size: 9pt">DVF</FONT></TD>
	<TD STYLE="text-align: center"><FONT STYLE="font-size: 9pt">11,438,562</FONT></TD>
	<TD STYLE="text-align: center"><FONT STYLE="font-size: 9pt">422,679</FONT></TD>
	<TD STYLE="text-align: center"><FONT STYLE="font-size: 9pt">0</FONT></TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: center"><FONT STYLE="font-size: 9pt">11,445,623</FONT></TD>
	<TD STYLE="text-align: center"><FONT STYLE="font-size: 9pt">415,618</FONT></TD>
	<TD STYLE="text-align: center"><FONT STYLE="font-size: 9pt">0</FONT></TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: center"><FONT STYLE="font-size: 9pt">11,445,811</FONT></TD>
	<TD STYLE="text-align: center"><FONT STYLE="font-size: 9pt">415,430</FONT></TD>
	<TD STYLE="text-align: center"><FONT STYLE="font-size: 9pt">0</FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: Black 1pt solid; text-indent: 0pt"><FONT STYLE="font-size: 9pt">FRA</FONT></TD>
	<TD STYLE="text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">17,065,886</FONT></TD>
	<TD STYLE="text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">225,983</FONT></TD>
	<TD STYLE="text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">0</FONT></TD>

    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">17,066,182</FONT></TD>
	<TD STYLE="text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">225,687</FONT></TD>
	<TD STYLE="text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">0</FONT></TD>

    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">17,059,139</FONT></TD>
	<TD STYLE="text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">232,730</FONT></TD>
	<TD STYLE="text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">0</FONT></TD>
</TR>
<TR>
	<TD COLSPAN="12"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-top: Black 1pt solid"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
	<TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1px solid; vertical-align: bottom; border-top: Black 1pt solid"><FONT STYLE="font-size: 9pt"><B>W. Carl Kester</B></FONT></TD>

    <TD STYLE="border-top: Black 1pt solid">&nbsp;</TD><TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1px solid; border-top: Black 1pt solid"><FONT STYLE="font-size: 9pt"><B>Karen P. Robards</B></FONT></TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: center"><FONT STYLE="font-size: 9pt"><B>Votes</B></FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: center"><FONT STYLE="font-size: 9pt"><B>Votes</B></FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 9pt"><B>Votes For</B></FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 0.33pt"><FONT STYLE="font-size: 9pt"><B>Withheld</B></FONT></TD>
	<TD STYLE="text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt"><B>Abstain</B></FONT></TD>

    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt"><B>Votes For</B></FONT></TD>
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid; text-indent: 0.82pt"><FONT STYLE="font-size: 9pt"><B>Withheld</B></FONT></TD>
	<TD STYLE="text-align: center; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 9pt"><B>Abstain</B></FONT></TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">DVF</FONT></TD>
	<TD STYLE="text-align: center"><FONT STYLE="font-size: 9pt">11,445,811</FONT></TD>
	<TD STYLE="text-align: right"><FONT STYLE="font-size: 9pt">415,430</FONT></TD>
	<TD STYLE="text-align: center"><FONT STYLE="font-size: 9pt">0</FONT></TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: center"><FONT STYLE="font-size: 9pt">11,439,464</FONT></TD>
	<TD STYLE="text-align: center"><FONT STYLE="font-size: 9pt">421,777</FONT></TD>
	<TD STYLE="text-align: center"><FONT STYLE="font-size: 9pt">0</FONT></TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: #000000 1px solid"><FONT STYLE="font-size: 9pt">FRA</FONT></TD>
	<TD STYLE="text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">17,081,961</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">209,908</FONT></TD>
	<TD STYLE="text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">0</FONT></TD>

    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">17,088,050</FONT></TD>
	<TD STYLE="text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">203,819</FONT></TD>
	<TD STYLE="text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">0</FONT></TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
	<TD STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
</DIV>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="text-align: left; font-size: 14pt; border-top: rgb(57,76,165) 4pt solid">
<FONT color="#0000cc">Additional Information (continued)</FONT></P>
<P STYLE="text-align: left; color: rgb(57,76,135); border-top: rgb(57,76,165) 2pt solid; border-bottom: rgb(57,76,165) 1pt solid; padding-top: 1pt; padding-bottom: 1pt; background-color: rgb(227,227,239); padding-left: 12pt">
<B><FONT color="#0000cc">Fund Certification</FONT></B></P>
<P style="text-align: left;">Certain Funds are listed for trading on the NYSE and have filed with the NYSE their annual chief
executive officer certification regarding compliance with the NYSE&#146;s listing standards. The Funds filed with the SEC the
certification of their chief executive officer and chief financial officer required by section 302 of the Sarbanes-Oxley Act.</P>
<P STYLE="text-align: left; color: rgb(57,76,135); border-top: rgb(57,76,165) 2pt solid; border-bottom: rgb(57,76,165) 1pt solid; padding-top: 1pt; padding-bottom: 1pt; background-color: rgb(227,227,239); padding-left: 12pt">
<B><FONT color="#0000cc">Dividend Policy</FONT></B></P>
<P style="text-align: left;">The Funds&#146; dividend policy is to distribute all or a portion of their net investment income
to its shareholders on a monthly basis. In order to provide shareholders with a more stable level of dividend distributions, the
Funds may at times pay out less than the entire amount of net investment income earned in any particular month and may at times
in any particular month pay out such accumulated but undistributed income in addition to net investment income earned in that
month. As a result, the dividends paid by the Funds for any particular month may be more or less than the amount of net investment
income earned by the Funds during such month. The Funds&#146; current accumulated but undistributed net investment income, if
any, is disclosed in the Statements of Assets and Liabilities, which comprises part of the financial information included in this
report.</P>
<P STYLE="text-align: left; color: rgb(57,76,135); border-top: rgb(57,76,165) 2pt solid; border-bottom: rgb(57,76,165) 1pt solid; padding-top: 1pt; padding-bottom: 1pt; background-color: rgb(227,227,239); padding-left: 12pt">
<B><FONT color="#0000cc">General Information</FONT></B></P>
<P style="text-align: left;">
On February 9, 2012, the Board of BLW approved the removal of BLW&#146;s non-fundamental investment policy requiring that counterparties with respect to swap transactions be rated A or A-1 or better by S&amp;P&#146;s or Fitch Ratings, Inc.
(&#147;Fitch&#148;) or A or P-1 or better by Moody&#146;s. As a result of this investment policy change, BLW may enter into swap transactions with any counterparties approved by the Manager. Such counterparties may entail a greater degree of credit risk
or risk of nonperformance than counterparties rated A or A-1 or better by S&amp;P&#146;s or Fitch or A or P-1 or better by Moody&#146;s. The Manager will seek to minimize BLW&#146;s exposure to counterparty risk by entering into swap transactions with
counterparties the Manager believe to be creditworthy at the time they enter into such transactions. To the extent BLW engages in swap transactions, shareholders of BLW will be dependent on the analytical ability of the Manager to evaluate the credit
quality of counterparties to such transactions. In the event of the insolvency of a counterparty, BLW may not be able to recover its assets, in full or at all, during the insolvency process. In addition, counterparties to investments may have no
obligation to make markets in such investments and may have the ability to apply essentially discretionary margin and credit requirements. The foregoing investment policy amendment will not alter BLW&#146;s investment objective.</P>
<P style="text-align: left;">
The Funds do not make available copies of their Statements of Additional Information because the Funds&#146; shares are not continuously offered, which means that the Statement of Additional Information of each Fund has not been updated after completion
of the respective Fund&#146;s offerings and the information contained in each Fund&#146;s Statement of Additional Information may have become outdated.</P>
<P style="text-align: left;">
Other than as disclosed above, there were no material changes in the Funds&#146; investment objectives or policies or to the Funds&#146; charters or by-laws that would delay or prevent a change of control of the Funds that were not approved by
shareholders or in the principal risk factors associated with investment in the Funds. Other than as disclosed on page 88, there have been no changes in the persons who are primarily responsible for the day-to-day management of the Funds&#146;
portfolios.</P>
<P style="text-align: left;">
Quarterly performance, semi-annual and annual reports and other information regarding the Funds may be found on BlackRock&#146;s website, which can be accessed at http://www.blackrock.com. This reference to BlackRock&#146;s website is intended to allow
investors public access to information regarding the Funds and does not, and is not intended to, incorporate BlackRock&#146;s website in this report.</P>
<P style="text-align: left;"><B>Electronic Delivery</B></P>
<P style="text-align: left;">
Electronic copies of most financial reports are available on the Funds&#146; web-sites or shareholders can sign up for e-mail notifications of quarterly statements, annual and semi-annual reports by enrolling in the Funds&#146; electronic delivery
program.</P>
<P style="text-align: left;"><B>Shareholders Who Hold Accounts with Investment Advisors, Banks or Brokerages:</B></P>
<P style="text-align: left;">
Please contact your financial advisor to enroll. Please note that not all investment advisors, banks or brokerages may offer this service.</P>
<P style="text-align: left;"><B>Householding</B></P>
<P style="text-align: left;">
The Funds will mail only one copy of shareholder documents, including annual and semi-annual reports and proxy statements, to shareholders with multiple accounts at the same address. This practice is commonly called &#147;householding&#148; and is
intended to reduce expenses and eliminate duplicate mailings of shareholder documents. Mailings of your shareholder documents may be householded indefinitely unless you instruct us otherwise. If you do not want the mailing of these documents to be
combined with those for other members of your household, please call the Funds at (800) 441-7762.</P>
<P style="text-align: left;"><B>Availability of Quarterly Schedule of Investments</B></P>
<P style="text-align: left;">
The Funds files their complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. The Funds&#146; Forms N-Q are available on the SEC&#146;s website at http://www.sec.gov and may also be reviewed
and copied at the SEC&#146;s Public Reference Room in Washington, DC. Information on how to access documents on the SEC&#146;s website without charge may be obtained by calling (800) SEC-0330. The Fund&#146;s Forms N-Q may also be obtained upon request
and without charge by calling (800) 441-7762.</P>
</DIV>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->




<A name="page_91"></A><BR>

<a name="_bclPageBorder91"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<P STYLE="text-align: left; font-size: 14pt; border-top: rgb(57,76,165) 4pt solid">
<FONT color="#0000cc">Additional Information (concluded)</FONT></P>
<P STYLE="text-align: left; color: rgb(57,76,135); border-top: rgb(57,76,165) 2pt solid; border-bottom: rgb(57,76,165) 1pt solid; padding-top: 1pt; padding-bottom: 1pt; background-color: rgb(227,227,239); padding-left: 12pt">
<B><FONT color="#0000cc">General Information (concluded)</FONT></B></P>
<P style="text-align: left;"><B>Availability of Proxy Voting Policies and Procedures</B></P>
<P style="text-align: left;">
A description of the policies and procedures that the Funds use to determine how to vote proxies relating to portfolio securities is available (1) without charge, upon request, by calling (800) 441-7762; (2) at http://www.blackrock.com; and (3) on the
SEC&#146;s website at http://www.sec.gov.</P>
<P style="text-align: left;"><B>Availability of Proxy Voting Record</B></P>
<P style="text-align: left;">
Information about how the Funds voted proxies relating to securities held in the Funds&#146; portfolios during the most recent 12-month period ended June 30 is available upon request and without charge (1) at http://www.blackrock.com or by calling (800)
441-7762 and (2) on the SEC&#146;s website at http://www.sec.gov.</P>
<P style="text-align: left;"><B>Availability of Fund Updates</B></P>
<P style="text-align: left;">
BlackRock will update performance and certain other data for the Funds on a monthly basis on its website in the &#147;Closed-end Funds&#148; section of http://www.blackrock.com. Investors and others are advised to periodically check the website for
updated performance information and the release of other material information about the Funds. This reference to BlackRock&#146;s website is intended to allow investors public access to information regarding the Funds and does not, and is not intended
to, incorporate Blckrock&#146;s website in this report.</P>
<P STYLE="text-align: left; color: rgb(57,76,135); border-top: rgb(57,76,165) 2pt solid; border-bottom: rgb(57,76,165) 1pt solid; padding-top: 1pt; padding-bottom: 1pt; background-color: rgb(227,227,239); padding-left: 12pt">
<B><FONT color="#0000cc">Section 19(a) Notice</FONT></B></P>
<P style="text-align: left;">
These reported amounts and sources of distributions are estimates and are not being provided for tax reporting purposes. The actual amounts and sources for tax reporting purposes will depend upon each Fund&#146;s investment experience during the year and
may be subject to changes based on the tax regulations. Each Fund will provide a Form 1099-DIV each calendar year that will explain the character of these dividends and distributions for federal income tax purposes.</P>
<P style="text-align: left;">
<B>August 31, 2012</B></P>
<DIV align="left"><TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial"> <TR valign="bottom"><TD NOWRAP STYLE="text-align: left; border-top: Black 1pt solid"><FONT STYLE="font-size: 9pt">&nbsp;&nbsp;</FONT></TD>
	<TD COLSPAN="4" NOWRAP STYLE="text-align: center; vertical-align: bottom; border-top: Black 1pt solid"><FONT STYLE="font-size: 9pt"><B>Total Fiscal Year-to-Date</B></FONT></TD>

    <TD NOWRAP STYLE="text-align: center; vertical-align: bottom; border-top: Black 1pt solid">&nbsp;</TD><TD COLSPAN="8" NOWRAP STYLE="text-align: center; vertical-align: bottom; border-top: Black 1pt solid"><FONT STYLE="font-size: 9pt"><B>Percentage of Fiscal Year-to-Date</B></FONT></TD>
</TR>
<TR valign="bottom">
	<TD NOWRAP STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
	<TD COLSPAN="4" NOWRAP STYLE="text-align: center; border-bottom: #000000 1px solid; vertical-align: bottom"><FONT STYLE="font-size: 9pt"><B>Cumulative Distributions by Character</B></FONT></TD>

    <TD NOWRAP>&nbsp;&nbsp;</TD><TD COLSPAN="8" NOWRAP STYLE="border-bottom: #000000 1px solid; text-align: center"><FONT STYLE="font-size: 9pt"><B>Cumulative Distributions by Character</B></FONT></TD>
</TR>
<TR valign="bottom">
	<TD NOWRAP STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
	<TD NOWRAP STYLE="text-align: left; width: 15%"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
	<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 9pt"><B>Net</B></FONT></TD>
	<TD NOWRAP STYLE="text-align: left; width: 11%"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
	<TD NOWRAP STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>

    <TD NOWRAP>&nbsp;</TD><TD NOWRAP STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
	<TD NOWRAP STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
	<TD COLSPAN="2" NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 9pt"><B>Net</B></FONT></TD>
	<TD NOWRAP STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
	<TD NOWRAP STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
	<TD NOWRAP STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
	<TD NOWRAP STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
	<TD NOWRAP STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
 <TD NOWRAP STYLE="text-align: center; width: 17%"><FONT STYLE="font-size: 9pt"><B>Net</B></FONT></TD>
	<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 9pt"><B>Realized</B></FONT></TD>
 <TD NOWRAP STYLE="text-align: center; width: 13%"><FONT STYLE="font-size: 9pt"><B>Return</B></FONT></TD>
 <TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 9pt"><B>Total Per</B></FONT></TD>

    <TD NOWRAP>&nbsp;</TD><TD COLSPAN="2" NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 9pt"><B>Net</B></FONT></TD>
	<TD COLSPAN="2" NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 9pt"><B>Realized</B></FONT></TD>
	<TD COLSPAN="2" NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 9pt"><B>Return</B></FONT></TD>
	<TD COLSPAN="2" NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 9pt"><B>Total Per</B></FONT></TD>
</TR>
<TR valign="bottom">
	<TD NOWRAP STYLE="text-align: left"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
 <TD NOWRAP STYLE="text-align: center; width: 17%"><FONT STYLE="font-size: 9pt"><B>Investment</B></FONT></TD>
	<TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 9pt"><B>Capital</B></FONT></TD>
 <TD NOWRAP STYLE="text-align: center; width: 13%"><FONT STYLE="font-size: 9pt"><B>of</B></FONT></TD>
 <TD NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 9pt"><B>Common</B></FONT></TD>

    <TD NOWRAP>&nbsp;</TD><TD COLSPAN="2" NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 9pt"><B>Investment</B></FONT></TD>
	<TD COLSPAN="2" NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 9pt"><B>Capital</B></FONT></TD>
	<TD COLSPAN="2" NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 9pt"><B>of</B></FONT></TD>
	<TD COLSPAN="2" NOWRAP STYLE="text-align: center"><FONT STYLE="font-size: 9pt"><B>Common</B></FONT></TD>
</TR>
<TR valign="bottom">
	<TD NOWRAP STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
 <TD NOWRAP STYLE="border-bottom: Black 1pt solid; text-align: center; width: 17%"><FONT STYLE="font-size: 9pt"><B>Income</B></FONT></TD>
	<TD NOWRAP STYLE="text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt"><B>Gains</B></FONT></TD>
 <TD NOWRAP STYLE="border-bottom: Black 1pt solid; text-align: center; width: 13%"><FONT STYLE="font-size: 9pt"><B>Capital</B></FONT></TD>
 <TD NOWRAP STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 9pt"><B>Share</B></FONT></TD>

    <TD NOWRAP STYLE="border-bottom: Black 1pt solid">&nbsp;</TD><TD COLSPAN="2" NOWRAP STYLE="text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt"><B>Income</B></FONT></TD>
	<TD COLSPAN="2" NOWRAP STYLE="text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt"><B>Gains</B></FONT></TD>
	<TD COLSPAN="2" NOWRAP STYLE="text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt"><B>Capital</B></FONT></TD>
	<TD COLSPAN="2" NOWRAP STYLE="text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt"><B>Share</B></FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; width: 11%"><FONT STYLE="font-size: 9pt">DVF <SUP>1</SUP></FONT></TD>
	<TD STYLE="text-align: center; width: 15%"><FONT STYLE="font-size: 9pt">$0.664576</FONT></TD>
	<TD STYLE="text-align: center; width: 8%"><FONT STYLE="font-size: 9pt">&#151;</FONT></TD>
	<TD STYLE="text-align: center; width: 11%"><FONT STYLE="font-size: 9pt">$0.037424</FONT></TD>
	<TD STYLE="text-align: center; width: 14%"><FONT STYLE="font-size: 9pt">$0.702000</FONT></TD>

    <TD>&nbsp;</TD><TD STYLE="text-align: right; width: 7%"><FONT STYLE="font-size: 9pt">95</FONT></TD>
	<TD STYLE="text-align: left; width: 5%"><FONT STYLE="font-size: 9pt">%</FONT></TD>
	<TD STYLE="text-align: right; width: 6%"><FONT STYLE="font-size: 9pt">0</FONT></TD>
	<TD STYLE="text-align: left; width: 4%"><FONT STYLE="font-size: 9pt">%</FONT></TD>
	<TD STYLE="text-align: right; width: 5%"><FONT STYLE="font-size: 9pt">5</FONT></TD>
	<TD STYLE="text-align: left; width: 3%"><FONT STYLE="font-size: 9pt">%</FONT></TD>
	<TD STYLE="text-align: right; width: 4%"><FONT STYLE="font-size: 9pt">100</FONT></TD>
	<TD STYLE="text-align: left; width: 2%"><FONT STYLE="font-size: 9pt">%</FONT></TD>
</TR>
<TR valign="bottom">
	<TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">FRA</FONT></TD>
	<TD STYLE="text-align: center; width: 15%; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">$0.924000</FONT></TD>
	<TD STYLE="text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">&#151;</FONT></TD>
	<TD STYLE="text-align: center; width: 11%; border-bottom: Black 1pt solid; vertical-align: bottom">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 9pt">&nbsp;&#151;</FONT></TD>
	<TD STYLE="text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">$0.924000</FONT></TD>

    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">100</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">%</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">0</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">%</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">0</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">%</FONT></TD>
	<TD STYLE="text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">100</FONT></TD>
	<TD STYLE="text-align: left; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">%</FONT></TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 9pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 20pt"></TD><TD STYLE="width: 20pt; text-align: left"><FONT STYLE="font-size: 8pt"><SUP>1</SUP></FONT></TD><TD><FONT STYLE="font-size: 8pt">The Fund estimates that it
has distributed more than the amount of earned income and net realized gains; therefore, a portion of the distribution may be
a return of capital. A return of capital may occur, for example, when some or all of the shareholder&#146;s investment in the
Fund is returned to the shareholder. A return of capital does not necessarily reflect a Fund&#146;s investment performance and
should not be confused with &#145;yield&#146; or &#145;income.&#146;</FONT></TD>
</TR></TABLE>
<P STYLE="text-align: left; color: rgb(57,76,135); border-top: rgb(57,76,165) 2pt solid; border-bottom: rgb(57,76,165) 1pt solid; padding-top: 1pt; padding-bottom: 1pt; background-color: rgb(227,227,239); padding-left: 12pt">
<B><FONT color="#0000cc">BlackRock Privacy Principles</FONT></B></P>
<P style="text-align: left;">
BlackRock is committed to maintaining the privacy of its current and former fund investors and individual clients (collectively, &#147;Clients&#148;) and to safeguarding their non-public personal information. The following information is provided to help
you understand what personal information BlackRock collects, how we protect that information and why in certain cases we share such information with select parties.</P>
<P style="text-align: left;">
If you are located in a jurisdiction where specific laws, rules or regulations require BlackRock to provide you with additional or different privacy-related rights beyond what is set forth below, then BlackRock will comply with those specific laws, rules
or regulations.</P>
<P style="text-align: left;">
BlackRock obtains or verifies personal non-public information from and about you from different sources, including the following: (i) information we receive from you or, if applicable, your financial intermediary, on applications, forms or other
documents; (ii) information about your transactions with us, our affiliates, or others; (iii) information we receive from a consumer reporting agency; and (iv) from visits to our websites.</P>
<P style="text-align: left;">
BlackRock does not sell or disclose to non-affiliated third parties any non-public personal information about its Clients, except as permitted by law or as is necessary to respond to regulatory requests or to service Client accounts. These non-affiliated
third parties are required to protect the confidentiality and security of this information and to use it only for its intended purpose.</P>
<P style="text-align: left;">
We may share information with our affiliates to service your account or to provide you with information about other BlackRock products or services that may be of interest to you. In addition, BlackRock restricts access to non-public personal information
about its Clients to those BlackRock employees with a legitimate business need for the information. BlackRock maintains physical, electronic and procedural safeguards that are designed to protect the non-public personal information of its Clients,
including procedures relating to the proper storage and disposal of such information.</P>
</DIV>

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This report is transmitted to shareholders only. It is not a prospectus. Past performance results shown in this report should not be considered a representation of future performance. The Funds have leveraged their Common Shares, which creates risks for
Common Shareholders, including the likelihood of greater volatility of net asset value and market price of Common Shares, and the risk that fluctuations in short-term interest rates may reduce the Common Shares&#146; yield. Statements and other
information herein are as dated and are subject to change.</P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 11pt 42pt; text-indent: -42pt">Item 2 &ndash; &#9;Code of Ethics
&ndash; The registrant (or the &ldquo;Fund&rdquo;) has adopted a code of ethics, as of the end of the period covered by this report,
applicable to the registrant&rsquo;s principal executive officer, principal financial officer, principal accounting officer or
controller, or persons performing similar functions. During the period covered by this report, there have been no amendments to
or waivers granted under the code of ethics. A copy of the code of ethics is available without charge at www.blackrock.com.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 41.75pt; text-indent: -42pt">Item 3 &ndash;&#9;Audit Committee
Financial Expert &ndash; The registrant&rsquo;s board of directors (the &ldquo;board of directors&rdquo;), has determined that
(i) the registrant has the following audit committee financial experts serving on its audit committee and (ii) each audit committee
financial expert is independent:<BR>
<BR>
</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 41.75pt">Frank J. Fabozzi<BR>
James T. Flynn<BR>
W. Carl Kester<BR>
Karen P. Robards</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 41.75pt">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 42pt; text-align: justify">The registrant&rsquo;s board of directors
has determined that W. Carl Kester and Karen P. Robards qualify as financial experts pursuant to Item 3(c)(4) of Form N-CSR.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 42pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 42pt"><FONT STYLE="font-size: 11pt">Prof. Kester has a thorough
understanding of generally accepted accounting principles, financial statements and internal control over financial reporting as
well as audit committee functions. Prof. Kester has been involved in providing valuation and other financial consulting services
to corporate clients since 1978. Prof. Kester&rsquo;s financial consulting services present a breadth and level of complexity of
accounting issues that are generally comparable to the breadth and complexity of issues that can reasonably be expected to be raised
by the registrant&rsquo;s financial statements. </FONT><BR>
<BR>
<FONT STYLE="font-size: 11pt">Ms. Robards has a thorough understanding of generally accepted accounting principles, financial statements
and internal control over financial reporting as well as audit committee functions. Ms. Robards has been President of Robards &amp;
Company, a financial advisory firm, since 1987. Ms. Robards was formerly an investment banker for more than 10 years where she
was responsible for evaluating and assessing the performance of companies based on their financial results. Ms. Robards has over
30 years of experience analyzing financial statements. She also is a member of the audit committee of one publicly held company
and a non-profit organization.</FONT><BR>
<BR>
<FONT STYLE="font-size: 11pt">Under applicable securities laws, a person determined to be an audit committee financial expert will
not be deemed an &ldquo;expert&rdquo; for any purpose, including without limitation for the purposes of Section 11 of the Securities
Act of 1933, as a result of being designated or identified as an audit committee financial expert. The designation or identification
as an audit committee financial expert does not impose on such person any duties, obligations, or liabilities greater than the
duties, obligations, and liabilities imposed on such person as a member of the audit committee and board of directors in the absence
of such designation or identification. The designation or identification of a person as an audit committee financial expert does
not affect the duties, obligations, or liability of any other member of the audit committee or board of directors. </FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 42pt">&nbsp;</P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 11pt 42pt; text-indent: -42pt">Item 4 &ndash; Principal Accountant
Fees and Services</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 11pt 0.5in">The following table presents fees billed by Deloitte
&amp; Touche LLP (&ldquo;D&amp;T&rdquo;) in each of the last two fiscal years for the services rendered to the Fund:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 8pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: top; border: windowtext 1pt solid; font-size: 11pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center">(a) Audit Fees</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center"><B>(b) Audit-Related Fees<SUP>1</SUP></B></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center"><B>(c) Tax Fees<SUP>2</SUP></B></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center"><B>(d) All Other Fees<SUP>3</SUP></B></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 19%; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; font-weight: bold; text-decoration: underline; text-align: center">Entity Name</TD>
    <TD STYLE="width: 11%; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; text-decoration: underline; text-align: center">Current <BR> Fiscal Year <BR> End</TD>
    <TD STYLE="width: 10%; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; text-decoration: underline; text-align: center">Previous <BR> Fiscal Year <BR> End</TD>
    <TD STYLE="width: 10%; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; text-decoration: underline; text-align: center">Current <BR> Fiscal Year <BR> End</TD>
    <TD STYLE="width: 10%; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; text-decoration: underline; text-align: center">Previous <BR> Fiscal Year <BR> End</TD>
    <TD STYLE="width: 10%; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; text-decoration: underline; text-align: center">Current <BR> Fiscal Year <BR> End</TD>
    <TD STYLE="width: 10%; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; text-decoration: underline; text-align: center">Previous <BR> Fiscal Year <BR> End</TD>
    <TD STYLE="width: 10%; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; text-decoration: underline; text-align: center">Current <BR> Fiscal Year <BR> End</TD>
    <TD STYLE="width: 10%; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; text-decoration: underline; text-align: center">Previous <BR> Fiscal Year <BR> End</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-left: 3">BlackRock Floating Rate Income Strategies Fund, Inc.</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: center">$58,500</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: center">$53,000</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: center">$31,900</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: center">$0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: center">$20,550</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: center">$49,300</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: center">$0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: center">$0</TD></TR>
</TABLE>
<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in">The following table presents fees billed by D&amp;T that
were required to be approved by the registrant&rsquo;s audit committee (the &ldquo;Committee&rdquo;) for services that relate directly
to the operations or financial reporting of the Fund and that are rendered on behalf of BlackRock Advisors, LLC (&ldquo;Investment
Adviser&rdquo; or &ldquo;BlackRock&rdquo;) and entities controlling, controlled by, or under common control with BlackRock (not
including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment
adviser) that provide ongoing services to the Fund (&ldquo;Fund Service Providers&rdquo;):</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 8pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 31%; border: windowtext 1pt solid; padding-right: -0.25in; padding-left: 3">&nbsp;</TD>
    <TD STYLE="width: 31%; border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: -0.25in; font-weight: bold; text-align: center">Current Fiscal Year End</TD>
    <TD STYLE="width: 38%; border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: -0.25in; font-weight: bold; text-align: center">Previous Fiscal Year End</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-right: -0.25in; font-weight: bold; padding-left: 3"><B>(b) Audit-Related Fees<SUP>1</SUP></B></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: -0.25in; text-align: center">$0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: -0.25in; text-align: center">$0</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-right: -0.25in; font-weight: bold; padding-left: 3"><B>(c) Tax Fees<SUP>2</SUP></B></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: -0.25in; text-align: center">$0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: -0.25in; text-align: center">$0</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-right: -0.25in; font-weight: bold; padding-left: 3"><B>(d) All Other Fees<SUP>3</SUP></B></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: -0.25in; text-align: center">$2,970,000</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: -0.25in; text-align: center">$3,030,000</TD></TR>
</TABLE>
<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 6pt 0 0"><SUP>1</SUP> The nature of the services includes assurance
and related services reasonably related to the performance of the audit of financial statements not included in Audit Fees.</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 41.75pt; text-indent: -41.75pt"><SUP>2</SUP> The nature of the
services includes tax compliance, tax advice and tax planning.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 8pt"><SUP>3</SUP> Aggregate fees borne by
BlackRock in connection with the review of compliance procedures and attestation thereto performed by D&amp;T with respect to all
of the registered closed-end funds and some of the registered open-end funds advised by BlackRock.</FONT><BR>
<BR>
<FONT STYLE="font-size: 11pt">(e)(1) Audit Committee Pre-Approval Policies and Procedures:</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 42pt; text-indent: 30pt">The Committee has adopted policies and
procedures with regard to the pre-approval of services. Audit, audit-related and tax compliance services provided to the registrant
on an annual basis require specific pre-approval by the Committee. The Committee also must approve other non-audit services provided
to the registrant and those non-audit services provided to the Investment Adviser and Fund Service Providers that relate directly
to the operations and the financial reporting of the registrant. Certain of these non-audit services that the Committee believes
are a) consistent with the SEC&rsquo;s auditor independence rules and b) routine and recurring services that will not impair the
independence of the independent accountants may be approved by the Committee without consideration on a specific case-by-case basis
(&ldquo;general pre-approval&rdquo;). The term of any general pre-approval is 12 months from the date of the pre-approval, unless
the Committee provides for a different period. Tax or other non-audit services provided to the registrant which have a direct impact
on the operations or financial reporting of the registrant will only be deemed pre-approved provided that any individual project
does not exceed $10,000 attributable to the registrant or $50,000 per project. For this purpose, multiple projects will be aggregated
to determine if they exceed the previously mentioned cost levels.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 42pt; text-indent: 30pt">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 11pt 42.75pt; text-indent: 30pt">Any proposed services exceeding
the pre-approved cost levels will require specific pre-approval by the Committee, as will any other services not subject to general
pre-approval (e.g.,</P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 11pt 42.5pt">unanticipated but permissible services). The Committee
is informed of each service approved subject to general pre-approval at the next regularly scheduled in-person board meeting. At
this meeting, an analysis of such services is presented to the Committee for ratification. The Committee may delegate to the Committee
Chairman the authority to approve the provision of and fees for any specific engagement of permitted non-audit services, including
services exceeding pre-approved cost levels.<BR>
<BR>
(e)(2) None of the services described in each of Items 4(b) through (d) were approved by the Committee pursuant to the de minimis
exception in paragraph (c)(7)(i)(C) of Rule 2-01 of Regulation S-X.<BR>
<BR>
(f) Not Applicable<BR>
<BR>
(g) The aggregate non-audit fees paid to the accountant for services rendered by the accountant to the registrant, the Investment
Adviser and the Fund Service Providers were:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 8pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 40%; border: windowtext 1pt solid; font-weight: bold; text-decoration: underline; text-align: center">Entity Name</TD>
    <TD STYLE="width: 31%; border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-decoration: underline; text-align: center">Current Fiscal Year End</TD>
    <TD STYLE="width: 29%; border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-decoration: underline; text-align: center">Previous Fiscal Year End</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">BlackRock Floating Rate Income Strategies Fund, Inc.</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: center">$52,450</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: center">$49,300</TD></TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 41.75pt; text-indent: -41.75pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 11pt 42.5pt"><FONT STYLE="font-size: 11pt">Additionally, SSAE 16
Review (Formerly, SAS No. 70) fees for the current and previous fiscal years of $2,970,000</FONT><FONT STYLE="font-size: 8pt">
</FONT><FONT STYLE="font-size: 11pt">and $3,030,000, respectively, were billed by D&amp;T to the Investment Adviser.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 11pt 42.5pt">(h) The Committee has considered and determined that
the provision of non-audit services that were rendered to the Investment Adviser, and the Fund Service Providers that were not
pre-approved pursuant to paragraph (c)(7)(ii) of Rule 2-01 of Regulation S-X is compatible with maintaining the principal accountant&rsquo;s
independence.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 41.75pt; text-indent: -41.75pt">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 11pt 42pt; text-indent: -42pt">Item 5 &ndash;&#9;Audit Committee
of Listed Registrants</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 41.95pt"></TD><TD STYLE="width: 18.05pt"><FONT STYLE="font-size: 11pt">(a)</FONT></TD><TD><FONT STYLE="font-size: 11pt">The following individuals are members of the registrant&rsquo;s separately-designated standing
audit committee established in accordance with Section 3(a)(58)(A) of the Securities Exchange Act of 1934 (15 U.S.C. 78c(a)(58)(A)):</FONT><BR>
<BR>
<FONT STYLE="font-size: 11pt">Michael Castellano</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 60pt">Frank J. Fabozzi<BR>
James T. Flynn<BR>
W. Carl Kester<BR>
Karen P. Robards</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 60pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 11pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 41.95pt"></TD><TD STYLE="width: 18.05pt"><FONT STYLE="font-size: 11pt">(b)</FONT></TD><TD><FONT STYLE="font-size: 11pt">Not Applicable</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 11pt 42pt; text-indent: -42pt">Item 6 &ndash; &#9;Investments</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 11pt 42.5pt">(a) The registrant&rsquo;s Schedule of Investments
is included as part of the Report to Stockholders filed under Item 1 of this form.<BR>
(b) Not Applicable due to no such divestments during the semi-annual period covered since the previous Form N-CSR filing.</P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 11pt 42pt; text-indent: -42pt">Item 7 &ndash; &#9;Disclosure of
Proxy Voting Policies and Procedures for Closed-End Management Investment Companies &ndash; The board of directors has delegated
the voting of proxies for the Fund&rsquo;s portfolio securities to the Investment Adviser pursuant to the Investment Adviser&rsquo;s
proxy voting guidelines. Under these guidelines, the Investment Adviser will vote proxies related to Fund securities in the best
interests of the Fund and its stockholders. From time to time, a vote may present a conflict between the interests of the Fund&rsquo;s
stockholders, on the one hand, and those of the Investment Adviser, or any affiliated person of the Fund or the Investment Adviser,
on the other. In such event, provided that the Investment Adviser&rsquo;s Equity Investment Policy Oversight Committee, or a sub-committee
thereof (the &ldquo;Oversight Committee&rdquo;) is aware of the real or potential conflict or material non-routine matter and if
the Oversight Committee does not reasonably believe it is able to follow its general voting guidelines (or if the particular proxy
matter is not addressed in the guidelines) and vote impartially, the Oversight Committee may retain an independent fiduciary to
advise the Oversight Committee on how to vote or to cast votes on behalf of the Investment Adviser&rsquo;s clients. If the Investment
Adviser determines not to retain an independent fiduciary, or does not desire to follow the advice of such independent fiduciary,
the Oversight Committee shall determine how to vote the proxy after consulting with the Investment Adviser&rsquo;s Portfolio Management
Group and/or the Investment Adviser&rsquo;s Legal and Compliance Department and concluding that the vote cast is in its client&rsquo;s
best interest notwithstanding the conflict. A copy of the Fund&rsquo;s Proxy Voting Policy and Procedures are attached as Exhibit
99.PROXYPOL. Information on how the Fund voted proxies relating to portfolio securities during the most recent 12-month period
ended June 30 is available without charge, (i) at www.blackrock.com and (ii) on the SEC&rsquo;s website at http://www.sec.gov.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 11pt 42pt; text-indent: -42pt">Item 8 &ndash; Portfolio Managers
of Closed-End Management Investment Companies &ndash; as of August 31, 2012.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 11pt 1in; text-indent: -30pt">(a)(1) The registrant is managed
by a team of investment professionals comprised of Leland Hart, Managing Director at BlackRock, and C. Adrian Marshall, Director
of BlackRock. Each is jointly responsible for the day-to-day management of the registrant&rsquo;s portfolio, which includes setting
the registrant&rsquo;s overall investment strategy, overseeing the management of the registrant and/or selection of its investments.
Messrs. Hart and Marshall have been members of the registrant&rsquo;s portfolio management team since 2009.</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 8pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 27%; border-top: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: -0.9pt; padding-left: 0.05in; font-size: 10pt; font-weight: bold">Portfolio Manager</TD>
    <TD STYLE="width: 73%; border-top: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.7pt; padding-left: 0.05in; font-size: 10pt; font-weight: bold">Biography</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: windowtext 1pt solid; padding-right: -0.9pt; padding-left: 0.05in; font-size: 10pt">Leland Hart</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; padding-left: 0.05in; font-size: 10pt">Managing Director of BlackRock since 2009; Partner of R3 Capital Partners (&quot;R3&quot;) in 2009; Managing Director of R3 from 2008 to 2009; Managing Director of Lehman Brothers from 2006 to 2008; Executive Director of Lehman Brothers from 2003 to 2006.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: windowtext 1pt solid; padding-right: -0.9pt; padding-left: 0.05in; font-size: 10pt">C. Adrian Marshall</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; padding-left: 0.05in; font-size: 10pt">Director of BlackRock since 2007; Vice President of BlackRock from 2004 to 2007.</TD></TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: -30.25pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 11pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 42.25pt"></TD><TD STYLE="width: 30pt">(a)(2)</TD><TD>As of August 31, 2012:</TD></TR></TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 42pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 8pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: top; border: windowtext 1pt solid; padding-bottom: 11pt; font-size: 11pt; padding-left: 3">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: -2pt; padding-bottom: 11pt; padding-left: 5.4pt; font-weight: bold; text-align: center">(ii) Number of Other Accounts Managed<BR> and Assets by Account Type</TD>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: -2pt; padding-bottom: 11pt; padding-left: 5.4pt; font-weight: bold; text-align: center">(iii) Number&nbsp;of&nbsp;Other&nbsp;Accounts&nbsp;and<BR> Assets&nbsp;for Which Advisory Fee is<BR> Performance-Based</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; width: 20%; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-bottom: 11pt; font-size: 10pt; font-weight: bold; text-align: center; padding-left: 3"><B>(i) Name of<BR>
Portfolio Manager</B></TD>
    <TD STYLE="vertical-align: bottom; width: 15%; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-right: 0.3pt; padding-bottom: 11pt; font-weight: bold; text-align: center">Other<BR> Registered<BR> Investment<BR> Companies</TD>
    <TD STYLE="vertical-align: bottom; width: 12%; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-right: -2pt; padding-bottom: 11pt; padding-left: 5.4pt; font-weight: bold; text-align: center">Other Pooled<BR> Investment<BR> Vehicles</TD>
    <TD STYLE="vertical-align: bottom; width: 13%; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-right: -2pt; padding-bottom: 11pt; padding-left: 5.4pt; font-weight: bold; text-align: center">Other<BR> Accounts</TD>
    <TD STYLE="vertical-align: bottom; width: 13%; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-right: -2pt; padding-bottom: 11pt; padding-left: 5.4pt; font-weight: bold; text-align: center">Other<BR> Registered<BR> Investment<BR> Companies</TD>
    <TD STYLE="vertical-align: bottom; width: 13%; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-right: -2pt; padding-bottom: 11pt; padding-left: 5.4pt; font-weight: bold; text-align: center">Other Pooled<BR> Investment<BR> Vehicles</TD>
    <TD STYLE="vertical-align: bottom; width: 13%; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-right: -2pt; padding-bottom: 11pt; padding-left: 5.4pt; font-weight: bold; text-align: center">Other<BR> Accounts</TD>
    </TR>
<TR STYLE="background-color: #CCFFFF">
    <TD STYLE="vertical-align: top; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-bottom: 11pt; padding-left: 3">Leland Hart</TD>
    <TD STYLE="vertical-align: bottom; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 0.3pt; padding-bottom: 11pt; text-align: center">9</TD>
    <TD STYLE="vertical-align: bottom; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: -2pt; padding-bottom: 11pt; padding-left: 5.4pt; text-align: center">12</TD>
    <TD STYLE="vertical-align: bottom; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: -2pt; padding-bottom: 11pt; padding-left: 5.4pt; text-align: center">11</TD>
    <TD STYLE="vertical-align: bottom; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: -2pt; padding-bottom: 11pt; padding-left: 5.4pt; text-align: center">0</TD>
    <TD STYLE="vertical-align: bottom; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: -2pt; padding-bottom: 11pt; padding-left: 5.4pt; text-align: center">8</TD>
    <TD COLSPAN="1" STYLE="vertical-align: bottom; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: -2pt; padding-bottom: 11pt; padding-left: 5.4pt; text-align: center">0</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-bottom: 11pt; padding-left: 3">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 0.3pt; padding-bottom: 11pt; text-align: center">$3.2 Billion</TD>
    <TD STYLE="vertical-align: bottom; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: -2pt; padding-bottom: 11pt; padding-left: 5.4pt; text-align: center">$3.35 Billion</TD>
    <TD STYLE="vertical-align: bottom; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: -2pt; padding-bottom: 11pt; padding-left: 5.4pt; text-align: center">$2.87 Billion</TD>
    <TD STYLE="vertical-align: bottom; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: -2pt; padding-bottom: 11pt; padding-left: 5.4pt; text-align: center">$0</TD>
    <TD STYLE="vertical-align: bottom; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: -2pt; padding-bottom: 11pt; padding-left: 5.4pt; text-align: center">$2.17 Billion</TD>
    <TD COLSPAN="1" STYLE="vertical-align: bottom; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: -2pt; padding-bottom: 11pt; padding-left: 5.4pt; text-align: center">$0</TD></TR>
<TR STYLE="background-color: #CCFFFF">
    <TD STYLE="vertical-align: top; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-bottom: 11pt; padding-left: 3">C. Adrian Marshall</TD>
    <TD STYLE="vertical-align: bottom; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 0.3pt; padding-bottom: 11pt; text-align: center">9</TD>
    <TD STYLE="vertical-align: bottom; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: -2pt; padding-bottom: 11pt; padding-left: 5.4pt; text-align: center">12</TD>
    <TD STYLE="vertical-align: bottom; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: -2pt; padding-bottom: 11pt; padding-left: 5.4pt; text-align: center">11</TD>
    <TD STYLE="vertical-align: bottom; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: -2pt; padding-bottom: 11pt; padding-left: 5.4pt; text-align: center">0</TD>
    <TD STYLE="vertical-align: bottom; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: -2pt; padding-bottom: 11pt; padding-left: 5.4pt; text-align: center">8</TD>
    <TD COLSPAN="1" STYLE="vertical-align: bottom; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: -2pt; padding-bottom: 11pt; padding-left: 5.4pt; text-align: center">0</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-bottom: 11pt; padding-left: 3">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 0.3pt; padding-bottom: 11pt; text-align: center">$3.2 Billion</TD>
    <TD STYLE="vertical-align: bottom; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: -2pt; padding-bottom: 11pt; padding-left: 5.4pt; text-align: center">$3.35 Billion</TD>
    <TD STYLE="vertical-align: bottom; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: -2pt; padding-bottom: 11pt; padding-left: 5.4pt; text-align: center">$2.87 Billion</TD>
    <TD STYLE="vertical-align: bottom; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: -2pt; padding-bottom: 11pt; padding-left: 5.4pt; text-align: center">$0</TD>
    <TD STYLE="vertical-align: bottom; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: -2pt; padding-bottom: 11pt; padding-left: 5.4pt; text-align: center">$2.17 Billion</TD>
    <TD COLSPAN="1" STYLE="vertical-align: bottom; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: -2pt; padding-bottom: 11pt; padding-left: 5.4pt; text-align: center">$0</TD></TR>
</TABLE>
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<TD STYLE="width: 42pt"></TD><TD STYLE="width: 30.25pt">(iv)</TD><TD>Potential Material Conflicts of Interest</TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 42pt; text-indent: 30pt">BlackRock has built a professional working
environment, firm-wide compliance culture and compliance procedures and systems designed to protect against potential incentives
that may favor one account over another. BlackRock has adopted policies and procedures that address the allocation of investment
opportunities, execution of portfolio transactions, personal trading by employees and other potential conflicts of interest that
are designed to ensure that all client accounts are treated equitably over time. Nevertheless, BlackRock furnishes investment management
and advisory services to numerous clients in addition to the Fund, and BlackRock may, consistent with applicable law, make investment
recommendations to other clients or accounts (including accounts which are hedge funds or have performance or higher fees paid
to BlackRock, or in which portfolio managers have a personal interest in the receipt of such fees), which may be the same as or
different from those made to the Fund.&nbsp; In addition, BlackRock, its affiliates and significant shareholders and any officer,
director, shareholder or employee may or may not have an interest in the securities whose purchase and sale BlackRock recommends
to the Fund.&nbsp; BlackRock, or any of its affiliates or significant shareholders, or any officer, director, shareholder, employee
or any member of their families may take different actions than those recommended to the Fund by BlackRock with respect to the
same securities.&nbsp; Moreover, BlackRock may refrain from rendering any advice or services concerning securities of companies
of which any of BlackRock&rsquo;s (or its affiliates&rsquo; or significant shareholders&rsquo;) officers, directors or employees
are directors or officers, or companies as to which BlackRock or any of its affiliates or significant shareholders or the officers,
directors and employees of any of them has any substantial economic interest or possesses material non-public information.&nbsp;
Certain portfolio managers also may manage accounts whose investment strategies may at times be opposed to the strategy utilized
for a fund.&nbsp; It should also be noted that Messrs. Hart and Marshall may be managing hedge fund and/or long only accounts,
or may be part of a team managing hedge fund and/or long only accounts, subject to incentive fees. Messrs. Hart and Marshall may
therefore be entitled to receive a portion of any incentive fees earned on such accounts.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 40.5pt; text-indent: 31.5pt">As a fiduciary, BlackRock owes a
duty of loyalty to its clients and must treat each client fairly.&nbsp; When BlackRock purchases or sells securities for more than
one account, the trades must be allocated in a manner consistent with its fiduciary duties.&nbsp; BlackRock attempts to allocate
investments in a fair and equitable manner among client accounts, with no account receiving preferential treatment.&nbsp; To this
end, BlackRock has adopted policies that are intended to ensure reasonable efficiency in client transactions and provide BlackRock
with sufficient flexibility to allocate investments in a manner that is consistent with the particular investment discipline and
client base, as appropriate.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: -30.05pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 11pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 42.25pt"></TD><TD STYLE="width: 30pt">(a)(3)</TD><TD>As of August 31, 2012:</TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 42pt"><B>Portfolio Manager Compensation Overview</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 42pt; text-indent: 0.5in">&nbsp;BlackRock&rsquo;s financial arrangements
with its portfolio managers, its competitive compensation and its career path emphasis at all levels reflect the value senior management
places on key resources. Compensation may include a variety of components and may vary from year to</P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 41.75pt; text-align: justify">year based on a number of factors.
The principal components of compensation include a base salary, a performance-based discretionary bonus, participation in various
benefits programs and one or more of the incentive compensation programs established by BlackRock.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 42pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 41.75pt; text-align: justify"><B>Base compensation.</B> Generally,
portfolio managers receive base compensation based on their position with the firm.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 42pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 42pt"><B>Discretionary Incentive Compensation. </B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 42pt; text-indent: 0.25in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 41.75pt; text-indent: 0.5in"><FONT STYLE="font-size: 11pt">Discretionary
incentive compensation is a function of several components: the performance of BlackRock,&nbsp;Inc., the performance of the portfolio
manager&rsquo;s group within BlackRock, the investment performance, including risk-adjusted returns, of the firm&rsquo;s assets
under management or supervision by that portfolio manager relative to predetermined benchmarks, and the individual&rsquo;s performance
and contribution to the overall performance of these portfolios and BlackRock.&nbsp; In most cases, these benchmarks are the same
as the benchmark or benchmarks against which the performance of the fund or other accounts managed by the portfolio managers are
measured.&nbsp; Among other things, BlackRock&rsquo;s Chief Investment Officers make a subjective determination with respect to
each portfolio manager&rsquo;s compensation based on the performance of the Fund and other accounts managed by each portfolio manager
relative to the various benchmarks.&nbsp; Performance of fixed income funds is measured on a pre-tax and/or after-tax basis over
various time periods including 1-, 3- and 5- year periods, as applicable. With respect to these portfolio managers, such benchmarks
for the Fund and other accounts are</FONT> <FONT STYLE="font-size: 11pt">a combination of market-based indices (e.g., S&amp;P Leveraged
All Loan Index), certain customized indices and certain fund industry peer groups.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 42pt">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 42pt"><B>Distribution of Discretionary Incentive Compensation</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 42pt"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 42pt; text-indent: 0.5in">Discretionary incentive compensation
is distributed to portfolio managers in a combination of cash and BlackRock, Inc. restricted stock units which vest ratably over
a number of years. For some portfolio managers, discretionary incentive compensation is also distributed in deferred cash awards
that notionally track the returns of select BlackRock investment products they manage and that vest ratably over a number of years.
The BlackRock, Inc. restricted stock units, upon vesting, will be settled in BlackRock, Inc. common stock. Typically, the cash
portion of the discretionary incentive compensation, when combined with base salary, represents more than 60% of total compensation
for the portfolio managers. Paying a portion of discretionary incentive compensation in BlackRock stock puts compensation earned
by a portfolio manager for a given year &ldquo;at risk&rdquo; based on BlackRock&rsquo;s ability to sustain and improve its performance
over future periods. Providing a portion of discretionary incentive compensation in deferred cash awards that notionally track
the BlackRock investment products they manage provides direct alignment with investment product results.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 42pt">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 41.75pt; text-indent: 0.5in"><I>Long-Term Incentive Plan Awards
&mdash; </I>From time to time long-term incentive equity awards are granted to certain key employees to aid in retention, align
their interests with long-term shareholder interests and motivate performance. &nbsp;Equity awards are generally granted in the
form of BlackRock, Inc. restricted stock units that, once vested, settle in BlackRock, Inc. common stock. Messrs. Hart and Marshall
have each received long-term incentive awards.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 42pt; text-indent: 44pt">&nbsp;</P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 42pt; text-indent: 30pt"><I>Deferred Compensation Program &mdash;
</I>A portion of the compensation paid to eligible BlackRock employees may be voluntarily deferred at their election for defined
periods of time into an account that tracks the performance of certain of the firm&rsquo;s investment products. All of the eligible
portfolio managers have participated in the deferred compensation program.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 42pt">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 42pt"><B>Other compensation benefits. </B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 42pt"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 42pt; text-indent: 0.5in">In addition to base compensation and
discretionary incentive compensation, portfolio managers may be eligible to receive or participate in one or more of the following
incentive savings plans. BlackRock,&nbsp;Inc. has created a variety of incentive savings plans in which BlackRock, Inc. employees
are eligible to participate, including a 401(k)&nbsp;plan, the BlackRock Retirement Savings Plan (RSP), and the BlackRock Employee
Stock Purchase Plan (ESPP). The employer contribution components of the RSP include a company match equal to 50% of the first 8%
of eligible pay contributed to the plan capped at $5,000 per year, and a company retirement contribution equal to 3-5% of eligible
compensation up to the IRS limit ($250,000 for 2012).&nbsp; The RSP offers a range of investment options, including registered
investment companies and collective investment funds managed by the firm. BlackRock, Inc. contributions follow the investment direction
set by participants for their own contributions or, absent participant investment direction, are invested into an index target
date fund that corresponds to, or is closest to, the year in which the participant attains age 65.&nbsp; The ESPP allows for investment
in BlackRock, Inc. common stock at a 5% discount on the fair market value of the stock on the purchase date.&nbsp; Annual participation
in the ESPP is limited to the purchase of 1,000 shares of common stock or a dollar value of $25,000 based on its fair market value
on the purchase date.&nbsp;Messrs. Hart and Marshall are each eligible to participate in these plans.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 11pt 70.5pt; text-indent: -30pt">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 11pt 41.75pt">(a)(4)&#9;<I>Beneficial Ownership of Securities</I>
&ndash; As of August 31, 2012.</P>

<TABLE ALIGN="CENTER" CELLSPACING="0" CELLPADDING="0" STYLE="font: 8pt Times New Roman, Times, Serif; width: 60%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 43%; border: windowtext 1pt solid; padding-right: 3; font-size: 10pt; font-weight: bold; padding-left: 3">Portfolio Manager</TD>
    <TD STYLE="width: 57%; border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3; font-size: 10pt; font-weight: bold; padding-left: 3">Dollar Range of Equity Securities of the Fund Beneficially Owned</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-right: 3; font-size: 10pt; padding-left: 3">Leland Hart</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3; font-size: 10pt; padding-left: 3">$10,001-$50,000</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-right: 3; font-size: 10pt; padding-left: 3">C. Adrian Marshall</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3; font-size: 10pt; padding-left: 3">$10,001-$50,000</TD></TR>
</TABLE>


<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 9 0 11pt 41.75pt">(b) Not Applicable</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 11pt 42pt; text-indent: -42pt">Item 9 &ndash; &#9;Purchases of
Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers &ndash; Not Applicable due to no such purchases
during the period covered by this report.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 11pt 42pt; text-indent: -42pt">Item 10 &ndash; Submission of Matters
to a Vote of Security Holders &ndash; There have been no material changes to these procedures.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 11pt 42pt; text-indent: -42pt">Item 11 &ndash; Controls and Procedures</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 11pt 41.75pt">(a) &ndash; The registrant&rsquo;s principal executive
and principal financial officers, or persons performing similar functions, have concluded that the registrant&rsquo;s disclosure
controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the &ldquo;1940 Act&rdquo;))
are effective as of a date within 90 days of the filing of this report based on the evaluation of these controls and procedures
required by Rule 30a-3(b) under the 1940 Act and Rule 13a-15(b) under the Securities Exchange Act of 1934, as amended.</P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 11pt 42pt">(b) &ndash; There were no changes in the registrant&rsquo;s
internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) that occurred during the second fiscal
quarter of the period covered by this report that have materially affected, or are reasonably likely to materially affect, the
registrant&rsquo;s internal control over financial reporting.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 11pt 42pt; text-indent: -42pt">Item 12 &ndash; Exhibits attached
hereto</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 11pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 42pt"></TD><TD>(a)(1) &ndash; Code of Ethics &ndash; See Item 2</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 11pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 42pt"></TD><TD>(a)(2) &ndash; Certifications &ndash; Attached hereto</TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 11pt 42pt">(a)(3) &ndash; Not Applicable</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 11pt 6pt; text-indent: 0.5in">(b) &ndash; Certifications &ndash;
Attached hereto</P>

<P STYLE="font: 3pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 9pt; margin-left: 0; text-indent: 0">Pursuant
to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused
this report to be signed on its behalf by the undersigned, thereunto duly authorized.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 41.75pt"></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 9pt; margin-left: 0; text-indent: 0">BlackRock
Floating Rate Income Strategies Fund, Inc.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 41.75pt"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 8pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 5%; font-size: 11pt">By:</TD>
    <TD STYLE="width: 48%; font-size: 11pt; border-bottom: Black 1pt solid">/s/ John M. Perlowski</TD>
    <TD STYLE="width: 47%; font-size: 11pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 11pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 11pt">John M. Perlowski</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 11pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 11pt">Chief Executive Officer (principal executive officer) of</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 11pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 11pt">BlackRock Floating Rate Income Strategies Fund, Inc.</TD></TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 41.75pt">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 9pt; margin-left: 0; text-indent: 0">Date: November
5, 2012</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 41.75pt"></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 9pt; margin-left: 0; text-indent: 0">Pursuant
to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed
below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 41.75pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 8pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 5%; font-size: 11pt">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 11pt; width: 48%">/s/ John M. Perlowski</TD>
    <TD STYLE="width: 47%; font-size: 11pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 11pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 11pt">John M. Perlowski</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 11pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 11pt">Chief Executive Officer (principal executive officer) of</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 11pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 11pt">BlackRock Floating Rate Income Strategies Fund, Inc.</TD></TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 41.75pt">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 9pt; margin-left: 0; text-indent: 0">Date: November
5, 2012</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 41.75pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 8pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 5%; font-size: 11pt">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 11pt; width: 48%">/s/ Neal J. Andrews</TD>
    <TD STYLE="width: 47%; font-size: 11pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 11pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 11pt">Neal J. Andrews</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 11pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 11pt">Chief Financial Officer (principal financial officer) of</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 11pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 11pt">BlackRock Floating Rate Income Strategies Fund, Inc.</TD></TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 9pt; margin-left: 0; text-indent: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 9pt; margin-left: 0; text-indent: 0">Date: November
5, 2012</P>



<P STYLE="margin: 0">&nbsp;</P>

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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.CERT
<SEQUENCE>2
<FILENAME>e50475ex99cert.htm
<DESCRIPTION>CERTIFICATION
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0"></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in"><FONT STYLE="vertical-align: baseline"><B>EX-99.
CERT</B></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in; border-bottom: Black 0.75pt solid"><B>CERTIFICATION
PURSUANT TO RULE 30a-2(a) UNDER THE 1940 ACT AND SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 11pt; text-indent: -0.25pt">I, John M. Perlowski, Chief Executive
Officer (principal executive officer) of BlackRock Floating Rate Income Strategies Fund, Inc., certify that:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 11pt; text-indent: 0in">1.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>I have reviewed this report on Form N-CSR of BlackRock Floating Rate Income Strategies Fund, Inc.;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 11pt; text-indent: 0in">2.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material
fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading
with respect to the period covered by this report;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 11pt; text-indent: 0in">3.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Based on my knowledge, the financial statements, and other financial information included in this report, fairly present
in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial
statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 11pt; text-indent: 0in">4.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls
and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting
(as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 11pt 0.5in; text-indent: 0in">a)<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under
our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made
known to us by others within those entities, particularly during the period in which this report is being prepared;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 11pt 0.5in; text-indent: 0in">b)<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>designed such internal control over financial reporting, or caused such internal control over financial reporting to be
designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation
of financial statements for external purposes in accordance with generally accepted accounting principles;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 11pt 0.5in; text-indent: 0in">c)<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions
about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this
report based on such evaluation; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 11pt 0.5in; text-indent: 0in">d)<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the
second fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely to materially
affect, the registrant's internal control over financial reporting; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 11pt; text-indent: 0in">5.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of
the registrant's board of directors (or persons performing the equivalent functions):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 11pt 0.5in; text-indent: 0in">a)<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting
which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information;
and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 11pt 0.5in; text-indent: 0in">b)<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's
internal control over financial reporting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 11pt; text-indent: -0.25pt">Date: November 5, 2012</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><U>/s/ John M. Perlowski&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">  John M. Perlowski</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: -0.25pt">Chief Executive Officer (principal executive
officer) of<BR>
BlackRock Floating Rate Income Strategies Fund, Inc.</P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: left; width: 50%">&nbsp;</TD><TD STYLE="text-align: right; width: 50%"></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in"><FONT STYLE="vertical-align: baseline"><B>EX-99.
CERT</B></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in; border-bottom: Black 0.75pt solid"><B>CERTIFICATION
PURSUANT TO RULE 30a-2(a) UNDER THE 1940 ACT AND SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 11pt; text-indent: -0.25pt">I, Neal J. Andrews, Chief Financial
Officer (principal financial officer) of BlackRock Floating Rate Income Strategies Fund, Inc., certify that:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 11pt; text-indent: 0in">1.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>I have reviewed this report on Form N-CSR of BlackRock Floating Rate Income Strategies Fund, Inc.;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 11pt; text-indent: 0in">2.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material
fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading
with respect to the period covered by this report;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 11pt; text-indent: 0in">3.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Based on my knowledge, the financial statements, and other financial information included in this report, fairly present
in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial
statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 11pt; text-indent: 0in">4.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls
and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting
(as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 11pt 0.5in; text-indent: 0in">a)<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under
our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made
known to us by others within those entities, particularly during the period in which this report is being prepared;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 11pt 0.5in; text-indent: 0in">b)<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>designed such internal control over financial reporting, or caused such internal control over financial reporting to be
designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation
of financial statements for external purposes in accordance with generally accepted accounting principles;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 11pt 0.5in; text-indent: 0in">c)<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions
about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this
report based on such evaluation; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 11pt 0.5in; text-indent: 0in">d)<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the
second fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely to materially
affect, the registrant's internal control over financial reporting; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 11pt; text-indent: 0in">5.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of
the registrant's board of directors (or persons performing the equivalent functions):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 11pt 0.5in; text-indent: 0in">a)<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting
which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information;
and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 11pt 0.5in; text-indent: 0in">b)<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's
internal control over financial reporting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 11pt; text-indent: -0.25pt">Date: November 5, 2012</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: -0.25pt"><U>/s/ Neal J. Andrews&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: -0.25pt">Neal J. Andrews</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: -0.25pt">Chief Financial Officer (principal financial
officer) of<BR>
BlackRock Floating Rate Income Strategies Fund, Inc.</P>



<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

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<DOCUMENT>
<TYPE>EX-99.1350CERT
<SEQUENCE>3
<FILENAME>e50475ex99-1350cert.htm
<DESCRIPTION>CERTIFICATION
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 11pt">Exhibit 99.1350CERT</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 11pt">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 11pt; text-align: center"><B>Certification Pursuant to Rule 30a-2(b)
under the 1940 Act and<BR>
Section 906 of the Sarbanes-Oxley Act of 2002</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 11pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 11pt; text-align: justify">Pursuant to 18 U.S.C. &sect; 1350, the
undersigned officer of BlackRock Floating Rate Income Strategies Fund, Inc. (the &ldquo;Registrant&rdquo;), hereby certifies, to
the best of his knowledge, that the Registrant&rsquo;s Report on Form N-CSR for the period ended August 31, 2012 (the &ldquo;Report&rdquo;)
fully complies with the requirements of Section 13(a) of the Securities Exchange Act of 1934, as amended, and that the information
contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Registrant.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 11pt">Date: November 5, 2012</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><U>/s/ John M. Perlowski&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">John M. Perlowski</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Chief Executive Officer (principal executive officer) of</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">BlackRock Floating Rate Income Strategies Fund, Inc.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 11pt; text-align: justify">Pursuant to 18 U.S.C. &sect; 1350, the
undersigned officer of BlackRock Floating Rate Income Strategies Fund, Inc. (the &ldquo;Registrant&rdquo;), hereby certifies, to
the best of his knowledge, that the Registrant&rsquo;s Report on Form N-CSR for the period ended August 31, 2012 (the &ldquo;Report&rdquo;)
fully complies with the requirements of Section 13(a) of the Securities Exchange Act of 1934, as amended, and that the information
contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Registrant.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 11pt">Date: November 5, 2012</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: -0.25pt"><U>/s/ Neal J. Andrews&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Neal J. Andrews</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Chief Financial Officer (principal financial officer) of</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">BlackRock Floating Rate Income Strategies Fund, Inc.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">This certification is being furnished pursuant to Rule 30a-2(b)
under the Investment Company Act of 1940, as amended, and 18 U.S.C. Section 1350 and is not being filed as part of the Form N-CSR
with the Securities and Exchange Commission<B>.</B></P>



<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

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<DOCUMENT>
<TYPE>EX-99.PROXYPOL
<SEQUENCE>4
<FILENAME>e50475ex99proxypol.htm
<DESCRIPTION>PROXY VOTING POLICY
<TEXT>
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<P STYLE="margin: 0; text-align: left">99.9 PROXY POLICY</P>

<P STYLE="margin: 0; text-align: right">Proxy Voting Policy<BR>
July 1, 2011</P>

<P STYLE="margin: 0"><IMG SRC="image_001.gif" ALT=""></P>

<P STYLE="margin: 0">
<FONT STYLE="font: 14pt Arial, Helvetica, Sans-Serif">U.S. Registered Funds</FONT></P>

<P STYLE="margin: 0"><FONT STYLE="font: 14pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="margin: 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 50%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="width: 50%"><FONT STYLE="font: 14pt Arial, Helvetica, Sans-Serif"><B>Proxy Voting Policy</B></FONT><BR>
    <BR>
    <FONT STYLE="font-size: 11pt"><I>Procedures Governing Delegation of Proxy</I></FONT><BR>
    <FONT STYLE="font-size: 11pt"><I>Voting to Fund Adviser</I></FONT><BR>
    <BR>
    <FONT STYLE="font-size: 11pt">July 1, 2011</FONT></TD></TR>
</TABLE>

<P STYLE="margin: 0"><FONT STYLE="font: 14pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>


<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 6pt">&nbsp;</P>

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<P STYLE="color: #7C1E3F; font: bold 14pt Arial, Helvetica, Sans-Serif; margin: 6pt 0 0pt"><FONT STYLE="font-size: 10.5pt; color: windowtext">U.S. Registered Funds</FONT></P>

<P STYLE="color: #7C1E3F; font: bold 14pt Arial, Helvetica, Sans-Serif; margin: 12pt 0 3pt">I.&#9;INTRODUCTION</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 6pt">The Trustees/Directors (&ldquo;Directors&rdquo;) of the BlackRock-Advised
Funds (the &ldquo;Funds&rdquo;) have the responsibility for voting proxies relating to portfolio securities of the Funds, and have
determined that it is in the best interests of the Funds and their shareholders to delegate that responsibility to BlackRock Advisors,
LLC and its affiliated U.S. registered investment advisers (&ldquo;BlackRock&rdquo;), the investment adviser to the Funds, as part
of BlackRock&rsquo;s authority to manage, acquire and dispose of account assets. The Directors hereby direct BlackRock to vote
such proxies in accordance with this Policy, and any proxy voting guidelines that the Adviser determines are appropriate and in
the best interests of the Funds&rsquo; shareholders and which are consistent with the principles outlined in this Policy. Individual
series of the Funds may be specifically excluded from this Policy by the Directors by virtue of the adoption of alternative proxy
voting policy for such series. The Directors have authorized BlackRock to utilize unaffiliated third-parties as its agents to vote
portfolio proxies in accordance with this Policy and to maintain records of such portfolio proxy voting.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 6pt">Rule 206(4)-6 under the Investment Advisers Act of 1940 requires,
among other things, that an investment adviser that exercises voting authority over clients&rsquo; proxy voting adopt policies
and procedures reasonably designed to ensure that the adviser votes proxies in the best interests of clients, discloses to its
clients information about those policies and procedures and also discloses to clients how they may obtain information on how the
adviser has voted their proxies.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 6pt">BlackRock has adopted guidelines and procedures that are consistent
with the principles of this Policy. BlackRock&rsquo;s corporate governance committee structure (the &ldquo;Committee&rdquo;), oversees
the proxy voting function on behalf of BlackRock and its clients, including the Funds. The Committee is comprised of senior members
of BlackRock&rsquo;s Portfolio Management and Administration Groups and is advised by BlackRock&rsquo;s Legal and Compliance Department.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 6pt">BlackRock votes (or refrains from voting) proxies for each
Fund in a manner that BlackRock, in the exercise of its independent business judgment, concludes is in the best economic interests
of such Fund. In some cases, BlackRock may determine that it is in the best economic interests of a Fund to refrain from exercising
the Fund&rsquo;s proxy voting rights (such as, for example, proxies on certain non-U.S. securities that might impose costly or
time-consuming in-person voting requirements). With regard to the relationship between securities lending and proxy voting, BlackRock&rsquo;s
approach is also driven by our clients&rsquo; economic interests. The evaluation of the economic desirability of recalling loans
involves balancing the revenue producing value of loans against the likely economic value of casting votes. Based on our evaluation
of this relationship, BlackRock believes that the likely economic value of casting a vote generally is less than the securities
lending income, either because the votes will not have significant economic consequences or because the outcome of the vote would
not be affected by BlackRock recalling loaned securities in order to ensure they are voted. Periodically, BlackRock analyzes the
process and benefits of voting proxies for securities on loan, and will consider whether any modification of its proxy voting policies
or procedures are necessary in light of any regulatory changes.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 6pt">BlackRock will normally vote on specific proxy issues in accordance
with BlackRock&rsquo;s proxy voting guidelines. BlackRock&rsquo;s proxy voting guidelines provide detailed guidance as to how to
vote proxies on certain important or commonly raised issues. BlackRock may, in the exercise of its business judgment, conclude
that the proxy voting guidelines do not cover the specific matter upon which a proxy vote is requested, or that an exception to
the proxy voting guidelines would be in the best economic interests of a Fund. BlackRock votes (or refrains from voting) proxies
without regard to the relationship of the issuer of the proxy (or any shareholder of such issuer)</P>

<P STYLE="color: #7C1E3F; font: bold 14pt Arial, Helvetica, Sans-Serif; margin: 12pt 0 0pt"></P>

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<P STYLE="color: #7C1E3F; font: bold 14pt Arial, Helvetica, Sans-Serif; margin: 6pt 0 0pt"><FONT STYLE="font-size: 10.5pt; color: windowtext">U.S. Registered Funds</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 12 0 6pt">to the Fund, the Fund&rsquo;s
affiliates (if any), BlackRock or BlackRock&rsquo;s affiliates. When voting proxies, BlackRock attempts to encourage companies
to follow practices that enhance shareholder value and increase transparency and allow the market to place a proper value on their
assets.</P>

<P STYLE="color: #7C1E3F; font: bold 14pt Arial, Helvetica, Sans-Serif; margin: 12pt 0 3pt">II.&#9;PROXY VOTING POLICIES</P>

<P STYLE="font: bold 13pt Arial, Helvetica, Sans-Serif; margin: 12pt 0 3pt">A.&#9;Boards of Directors</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 6pt">The Funds generally support the board&rsquo;s nominees in the
election of directors and generally support proposals that strengthen the independence of boards of directors. As a general matter,
the Funds believe that a company&rsquo;s board of directors (rather than shareholders) is most likely to have access to important,
nonpublic information regarding a company&rsquo;s business and prospects, and is therefore best-positioned to set corporate policy
and oversee management. The Funds therefore believe that the foundation of good corporate governance is the election of responsible,
qualified, independent corporate directors who are likely to diligently represent the interests of shareholders and oversee management
of the corporation in a manner that will seek to maximize shareholder value over time. In individual cases, consideration may be
given to a director nominee&rsquo;s history of representing shareholder interests as a director of the company issuing the proxy
or other companies, or other factors to the extent deemed relevant by the Committee.</P>

<P STYLE="font: bold 13pt Arial, Helvetica, Sans-Serif; margin: 12pt 0 3pt">B.&#9;Auditors</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 6pt">These proposals concern those issues submitted to shareholders
related to the selection of auditors. As a general matter, the Funds believe that corporate auditors have a responsibility to represent
the interests of shareholders and provide an independent view on the propriety of financial reporting decisions of corporate management.
While the Funds anticipate that BlackRock will generally defer to a corporation&rsquo;s choice of auditor, in individual cases,
consideration may be given to an auditors&rsquo; history of representing shareholder interests as auditor of the company issuing
the proxy or other companies, to the extent deemed relevant.</P>

<P STYLE="font: bold 13pt Arial, Helvetica, Sans-Serif; margin: 12pt 0 3pt">C.&#9;Compensation and Benefits</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 6pt">These proposals concern those issues submitted to shareholders
related to management compensation and employee benefits. As a general matter, the Funds favor disclosure of a company&rsquo;s
compensation and benefit policies and oppose excessive compensation, but believe that compensation matters are normally best determined
by a corporation&rsquo;s board of directors, rather than shareholders. Proposals to &ldquo;micro-manage&rdquo; a company&rsquo;s
compensation practices or to set arbitrary restrictions on compensation or benefits should therefore generally not be supported.</P>

<P STYLE="font: bold 13pt Arial, Helvetica, Sans-Serif; margin: 12pt 0 3pt">D.&#9;Capital Structure</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 6pt">These proposals relate to various requests, principally from
management, for approval of amendments that would alter the capital structure of a company, such as an increase in authorized shares.
As a general matter, the Funds expect that BlackRock will support requests that it believes enhance the rights of common shareholders
and oppose requests that appear to be unreasonably dilutive.</P>

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<P STYLE="color: #7C1E3F; font: bold 14pt Arial, Helvetica, Sans-Serif; margin: 12pt 0 0pt"><FONT STYLE="font: 9pt Sans-Serif; color: Red"><IMG SRC="blackrock0915k_fc.jpg" ALT=""></FONT></P>

<P STYLE="color: #7C1E3F; font: bold 14pt Arial, Helvetica, Sans-Serif; margin: 6pt 0 0pt"><FONT STYLE="font-size: 10.5pt; color: windowtext">U.S. Registered Funds</FONT></P>

<P STYLE="font: bold 13pt Arial, Helvetica, Sans-Serif; margin: 12pt 0 3pt">E.&#9;Corporate Charter and By-Laws</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 6pt">These proposals relate to various requests for approval of
amendments to a corporation&rsquo;s charter or by-laws. As a general matter, the Funds generally vote against anti-takeover proposals
and proposals that would create additional barriers or costs to corporate transactions that are likely to deliver a premium to
shareholders.</P>

<P STYLE="font: bold 13pt Arial, Helvetica, Sans-Serif; margin: 12pt 0 3pt">F.&#9;Environmental and Social Issues</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 6pt">These are shareholder proposals addressing either corporate
social and environmental policies or requesting specific reporting on these issues. The Funds generally do not support proposals
on social issues that lack a demonstrable economic benefit to the issuer and the Fund investing in such issuer. BlackRock seeks
to make proxy voting decisions in the manner most likely to protect and promote the long-term economic value of the securities
held in client accounts. We intend to support economically advantageous corporate practices while leaving direct oversight of company
management and strategy to boards of directors. We seek to avoid micromanagement of companies, as we believe that a company&rsquo;s
board of directors is best positioned to represent shareholders and oversee management on shareholders behalf. Issues of corporate
social and environmental responsibility are evaluated on a case-by-case basis within this framework.</P>

<P STYLE="color: #7C1E3F; font: bold 14pt Arial, Helvetica, Sans-Serif; margin: 12pt 0 3pt">III.&#9;CONFLICTS MANAGEMENT</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 6pt">BlackRock maintains policies and procedures that are designed
to prevent any relationship between the issuer of the proxy (or any shareholder of the issuer) and a Fund, a Fund&rsquo;s affiliates
(if any), BlackRock or BlackRock&rsquo;s affiliates, from having undue influence on BlackRock&rsquo;s proxy voting activity. In
certain instances, BlackRock may determine to engage an independent fiduciary to vote proxies as a further safeguard against potential
conflicts of interest or as otherwise required by applicable law. The independent fiduciary may either vote such proxies or provide
BlackRock with instructions as to how to vote such proxies. In the latter case, BlackRock votes the proxy in accordance with the
independent fiduciary&rsquo;s determination.</P>

<P STYLE="color: #7C1E3F; font: bold 14pt Arial, Helvetica, Sans-Serif; margin: 12pt 0 3pt">IV.&#9;REPORTS TO THE BOARD</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 6pt">BlackRock will report to the Directors on proxy votes it has
made on behalf of the Funds at least annually.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 6pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 6pt">&copy;2011 BlackRock</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 6pt">&nbsp;</P>

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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
