-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 N62GVEaEslD91SD/jTDGlGmFwrfg9VLNISUnAg320A+w8q7M7u3zJvBAKyD5myaG
 mry99ckAZy6mE+DmqIOi6g==

<SEC-DOCUMENT>0000891092-07-002214.txt : 20070531
<SEC-HEADER>0000891092-07-002214.hdr.sgml : 20070531
<ACCEPTANCE-DATETIME>20070530181814
ACCESSION NUMBER:		0000891092-07-002214
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20070530
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20070531
DATE AS OF CHANGE:		20070530

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BLACKROCK MUNICIPAL INCOME TRUST
		CENTRAL INDEX KEY:			0001137393
		IRS NUMBER:				510409115
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-10339
		FILM NUMBER:		07888788

	BUSINESS ADDRESS:	
		STREET 1:		100 BELLEVUE PARKWAY
		STREET 2:		MUTUAL FUND DEPARTMENT
		CITY:			WILMINGTON
		STATE:			DE
		ZIP:			19809
		BUSINESS PHONE:		888-825-2257

	MAIL ADDRESS:	
		STREET 1:		100 BELLEVUE PARKWAY
		STREET 2:		MUTUAL FUND DEPARTMENT
		CITY:			WILMINGTON
		STATE:			DE
		ZIP:			19809
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>e21866-22_8k.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<HTML>
<HEAD>
<TITLE></TITLE>
</HEAD>
<BODY>

<!-- MARKER FORMAT-SHEET="Scotch Rule TOP" FSL="Workstation" -->
<HR ALIGN=LEFT WIDTH=100% SIZE=4 noshade>
<HR ALIGN=LEFT WIDTH=100% SIZE=1 noshade>


<!-- MARKER FORMAT-SHEET="Center Head 3 Bold" FSL="Workstation" -->
<P ALIGN=CENTER><FONT SIZE=4><B>UNITED STATES <BR>
SECURITIES AND EXCHANGE COMMISSION  <BR>
  <font size="2">Washington, D.C. 20549  </font></B></FONT></P>
<font size="2"><!-- MARKER FORMAT-SHEET="Cutoff rule centered" FSL="Workstation" -->
</font>
<HR SIZE=1 noshade ALIGN=CENTER WIDTH=150>

<!-- MARKER FORMAT-SHEET="Center Head 3 Bold" FSL="Workstation" -->
<P ALIGN=CENTER><FONT SIZE=4><B>FORM 8-K  </B></FONT></P>
<!-- MARKER FORMAT-SHEET="Cutoff rule centered" FSL="Workstation" -->
<HR SIZE=1 noshade ALIGN=CENTER WIDTH=150>

<!-- MARKER FORMAT-SHEET="Center Head 3 Bold" FSL="Workstation" -->
<P ALIGN=CENTER><FONT SIZE=3><B>CURRENT REPORT <br>
  </B></FONT><FONT SIZE=2><B>Pursuant to Section
13 OR 15(d) of  <br>
  The Securities Exchange Act of 1934  </B></FONT></P>
<!-- MARKER FORMAT-SHEET="Center Head 2-Bold" FSL="Workstation" -->
<P ALIGN=CENTER><FONT SIZE=2><B>Date of Report (Date
of earliest event reported): May 30, 2007  </B></FONT></P>
<!-- MARKER FORMAT-SHEET="Center Head 3 Bold" FSL="Workstation" -->
<P ALIGN=CENTER><FONT SIZE=4><B>BLACKROCK   MUNICIPAL INCOME TRUST <BR>
  <font size="1">(Exact name of registrant as specified in its charter) </font></B></FONT></P>
<hr size=1 noshade align=CENTER width=150>
 <br>

<!-- MARKER FORMAT-SHEET="Center Head 3 Bold" FSL="Workstation" --><font size="1"><!-- MARKER FORMAT-SHEET="8K 3 col" FSL="Workstation" -->
</font>
<TABLE WIDTH=100%>
  <TR ALIGN="center" VALIGN=top>
    <TD WIDTH=30%><b><FONT SIZE=2>DELAWARE <br>
       <font size="1">(State or other jurisdiction <br>
      of incorporation)</font></FONT></b></TD>
    <TD WIDTH=5%><b>&nbsp;&nbsp;</b></TD>
    <TD WIDTH=30%><b><FONT SIZE=2>&nbsp;
811-10339 <br>
       <font size="1">(Commission File
Number)
      </font></FONT></b></TD>
    <TD WIDTH=5%><b>&nbsp;&nbsp;</b></TD>
    <TD WIDTH=30%><b><FONT SIZE=2>51-0409115<br>
       <font size="1">(IRS EmployerIdentification No.)
      &nbsp;</font></FONT></b></TD>
  </TR>

</TABLE>


 <br>
<!-- MARKER FORMAT-SHEET="8K 3 col" FSL="Workstation" -->
<TABLE WIDTH=100%>
  <TR ALIGN="center" VALIGN=top>
    <TD colspan="2"><b><FONT SIZE=2>40
East 52nd Street, New York, New York <br>
        <font size="1">(Address of principal executive offices)</font></FONT><font size="1">&nbsp;&nbsp;</font></b></TD>
    <TD WIDTH=29%><b><FONT SIZE=2>&nbsp;</FONT></b></TD>
    <TD WIDTH=5%><b>&nbsp;&nbsp;</b></TD>
    <TD WIDTH=30%><b><FONT SIZE=2>10022 <br>
       <font size="1">(Zip
Code)
      &nbsp;</font></FONT></b></TD>
  </TR>

</TABLE>


<!-- MARKER FORMAT-SHEET="Center Head 2-Bold" FSL="Workstation" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>Registrant&#146;s
telephone number, including area code: (212) 810-5300  </B></FONT></P>

<!-- MARKER FORMAT-SHEET="Center Head 2-Bold" FSL="Workstation" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=1><B>(Former name or
former address, if changed since last report.) </B></FONT></P>
<hr size=1 noshade align=CENTER width=150>
 <!-- MARKER FORMAT-SHEET="Para Flush 00" FSL="Workstation" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Check the appropriate box below if
the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the
registrant under any of the following provisions (see General Instruction A.2. below):  </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Hang 05" FSL="Workstation" -->
<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
    <TD WIDTH=5%>|_|</TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </FONT></TD>
</TR>
</TABLE>
<BR>

<!-- MARKER FORMAT-SHEET="Para Hang 05" FSL="Workstation" -->
<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
    <TD WIDTH=5%>|_|</TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)  </FONT></TD>
</TR>
</TABLE>
<BR>

<!-- MARKER FORMAT-SHEET="Para Hang 05" FSL="Workstation" -->
<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
    <TD WIDTH=5%>|_|</TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))  </FONT></TD>
</TR>
</TABLE>
<BR>

<!-- MARKER FORMAT-SHEET="Para Hang 05" FSL="Workstation" -->
<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
    <TD WIDTH=5%>|_|</TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </FONT></TD>
</TR>
</TABLE>
<BR>



<!-- MARKER FORMAT-SHEET="Scotch Rule BOTTOM" FSL="Workstation" -->
<HR ALIGN=LEFT WIDTH=100% SIZE=1 noshade>
<HR ALIGN=LEFT WIDTH=100% SIZE=4 noshade>





<!-- *************************************************************************** -->
<!-- MARKER PAGE="sheet: 3; page: 3" -->





<!-- MARKER FORMAT-SHEET="Left Head 2 Bold" FSL="Workstation" -->
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>Item 9.01. &nbsp;  Exhibits</B></FONT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></P>

<table width=100% cellpadding=0 cellspacing=0>
  <tr valign=TOP>
    <td width=5%><font face="Times New Roman, Times, Serif" size=2>&nbsp;</font></td>
    <td width=95% colspan="3"><font face="Times New Roman, Times, Serif" size=2>&nbsp;(c)
Exhibits.</font></td>
  </tr>
</table>

 <br>
<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>99.1  </FONT></TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
    <TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Press
release dated May 30, 2007 issued by the Registrant. </FONT></TD>
</TR>
</TABLE>
<BR>



<!-- MARKER FORMAT-SHEET="Page Break CENTER" FSL="Workstation" -->
<BR>&nbsp;
<TABLE WIDTH=100%><TR><TD WIDTH=20% ALIGN=left><FONT SIZE=1>&nbsp;</FONT></TD><TD WIDTH=60% ALIGN=center><FONT SIZE="2">
</FONT></TD><TD WIDTH=20% ALIGN=right><FONT SIZE="1">&nbsp;</FONT></TD></TR></TABLE><HR SIZE=5 noshade WIDTH=100% ALIGN=LEFT>





<!-- *************************************************************************** -->
<!-- MARKER PAGE="sheet: 4; page: 4" -->



<!-- MARKER FORMAT-SHEET="Center Head 2-Bold" FSL="Workstation" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>SIGNATURES  </B></FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush 00" FSL="Workstation" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the
Securities Exchange Act of 1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned hereunto duly authorized. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush 00" FSL="Workstation" -->
<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr>
    <td width="57%">&nbsp;</td>
    <td colspan="2" align="left" valign="bottom">
      <p><font face="Times New Roman, Times, Serif" size=2>BlackRock, Inc.  <br>
        (Registrant)  </font></p>
      <!-- MARKER FORMAT-SHEET="Para Flush 00" FSL="Workstation" -->
</td>
  </tr>
  <tr>
    <td width="57%">&nbsp;</td>
    <td width="3%">&nbsp;</td>
    <td width="40%">&nbsp;</td>
  </tr>
  <tr valign="top" align="left">
    <td width="57%"><font face="Times New Roman, Times, Serif" size=2>Date: May 30, 2007</font></td>
    <td width="3%"><font face="Times New Roman, Times, Serif" size=2>By:</font></td>
    <td width="40%"><font face="Times New Roman, Times, Serif" size=2>By: /s/ Donald C. Burke</font>
      <hr size="1" noshade>
    </td>
  </tr>
  <tr>
    <td width="57%">&nbsp;</td>
    <td width="3%">&nbsp;</td>
    <td align="left" valign="top" width="40%"><font face="Times New Roman, Times, Serif" size=2> Donald C. Burke <br>
       Managing Director</font></td>
  </tr>
</table>
<P><!-- MARKER FORMAT-SHEET="Page Break CENTER" FSL="Workstation" -->
<BR>
  &nbsp;
</P>


<TABLE WIDTH=100%><TR><TD WIDTH=20% ALIGN=left><FONT SIZE=1>&nbsp;</FONT></TD><TD WIDTH=60% ALIGN=center><FONT SIZE="2">
</FONT></TD><TD WIDTH=20% ALIGN=right><FONT SIZE="1">&nbsp;</FONT></TD></TR></TABLE><HR SIZE=5 noshade WIDTH=100% ALIGN=LEFT>






<!-- *************************************************************************** -->
<!-- MARKER PAGE="sheet: 5; page: 5" -->





<!-- MARKER FORMAT-SHEET="Center Head 2-Bold" FSL="Workstation" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>EXHIBIT INDEX  </B></FONT></P>

<!-- MARKER FORMAT-SHEET="Para Hang 05" FSL="Workstation" -->
<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>99.1  </FONT></TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
    <TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Press
release dated May 30, 2007 issued by the Registrant. </FONT></TD>
</TR>
</TABLE>
<BR>



<!-- MARKER FORMAT-SHEET="Page Break CENTER" FSL="Workstation" -->
<BR>&nbsp;
<TABLE WIDTH=100%><TR><TD WIDTH=20% ALIGN=left><FONT SIZE=1>&nbsp;</FONT></TD><TD WIDTH=60% ALIGN=center><FONT SIZE="2">
</FONT></TD><TD WIDTH=20% ALIGN=right><FONT SIZE="1">&nbsp;</FONT></TD></TR></TABLE><HR SIZE=5 noshade WIDTH=100% ALIGN=LEFT>


</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>e21866ex99_1.htm
<DESCRIPTION>PRESS RELEASE
<TEXT>
<HTML>
<HEAD>
<TITLE></TITLE>
</HEAD>
<BODY>






<!-- MARKER FORMAT-SHEET="Left Head 2 Bold" FSL="Workstation" -->
<P ALIGN=LEFT><img src="blackrocklogo.jpg" width="206" height="52" align="right"> <br>
   <br>
   <br>
</P>
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>Contact: <BR>
  1-800-882-0052 </B></FONT></P>

<!-- MARKER FORMAT-SHEET="Center Head 2-Bold" FSL="Workstation" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>Certain BlackRock
Closed-End Funds Announce Shareholder Proposal Submission Date </B></FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush 00" FSL="Workstation" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>New York, May 30, 2007 </B>&#151; The
BlackRock Closed-End Funds listed below (each a &#147;Trust&#148; and collectively, the &#147;Trusts&#148;)
announced today that their annual meetings of shareholders will be held no later than
September 30, 2007. Because the Trusts have moved the date of this year&#146;s annual meeting
by more than 30 days from the date of last year&#146;s annual meeting, the deadline for
submitting a proposal pursuant to Rule 14a-8 under the Securities Exchange Act of 1934,
as amended, to be considered for inclusion in the Trusts&#146; proxy materials and for
submitting a &#147;timely&#148; proposal for purposes of Rule 14a-4(c) under the Exchange Act is
June 20, 2007. Any such proposal should be sent to the Secretary of the relevant Trust,
100 Bellevue Parkway, Wilmington, Delaware 19809. </FONT> </P>


<table border=0 cellspacing=0 cellpadding=0 width=740>

  <tr valign="bottom">

    <td width=504 align="center"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"> <U>Trust</U> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT> </td>
    <td width=182 align="center">&nbsp;</td>
    <td width=54 align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><U>Ticker</U> </FONT></td>
  </tr>

  <tr valign="bottom">

    <td width=504>
      <p align=left><FONT FACE="Times New Roman, Times, Serif" SIZE="2">The BlackRock Broad Investment Grade 2009 Term
Trust Inc. </FONT> </p>
    </td>
    <td width=182>&nbsp;</td>
    <td width=54 align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BCT </FONT></td>
  </tr>

  <tr valign="bottom">

    <td width=504>
      <p align=left><FONT FACE="Times New Roman, Times, Serif" SIZE="2">The BlackRock Income Trust Inc. </FONT>
</p>
    </td>
    <td width=182>&nbsp;</td>
    <td width=54 align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BKT </FONT></td>
  </tr>

  <tr valign="bottom">

    <td width=504>
      <p align=left><FONT FACE="Times New Roman, Times, Serif" SIZE="2">The BlackRock Income Opportunity Trust Inc. </FONT>
</p>
    </td>
    <td width=182>&nbsp;</td>
    <td width=54 align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BNA </FONT></td>
  </tr>

  <tr valign="bottom">

    <td width=504>
      <p align=left><FONT FACE="Times New Roman, Times, Serif" SIZE="2">The BlackRock High Yield Trust </FONT>
</p>
    </td>
    <td width=182>&nbsp;</td>
    <td width=54 align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BHY </FONT></td>
  </tr>

  <tr valign="bottom">

    <td width=504>
      <p align=left><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BlackRock Core Bond Trust </FONT>
</p>
    </td>
    <td width=182>&nbsp;</td>
    <td width=54 align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BHK </FONT></td>
  </tr>

  <tr valign="bottom">

    <td width=504>
      <p align=left><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BlackRock Strategic Bond Trust </FONT> </p>
    </td>
    <td width=182>&nbsp;</td>
    <td width=54 align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BHD </FONT></td>
  </tr>

  <tr valign="bottom">

    <td width=504>
      <p align=left><FONT FACE="Times New Roman, Times, Serif" SIZE="2">The BlackRock Insured Municipal Term Trust Inc. </FONT>
</p>
    </td>
    <td width=182>&nbsp;</td>
    <td width=54 align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BMT </FONT></td>
  </tr>

  <tr valign="bottom">

    <td width=504>
      <p align=left><FONT FACE="Times New Roman, Times, Serif" SIZE="2">The BlackRock Insured Municipal 2008 Term Trust
Inc. </FONT> </p>
    </td>
    <td width=182>&nbsp;</td>
    <td width=54 align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BRM </FONT></td>
  </tr>

  <tr valign="bottom">

    <td width=504>
      <p align=left><FONT FACE="Times New Roman, Times, Serif" SIZE="2">The BlackRock New York Insured Municipal 2008
Term Trust Inc. </FONT> </p>
    </td>
    <td width=182>&nbsp;</td>
    <td width=54 align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BLN </FONT></td>
  </tr>

  <tr valign="bottom">

    <td width=504>
      <p align=left><FONT FACE="Times New Roman, Times, Serif" SIZE="2">The BlackRock California Insured Municipal 2008
Term Trust Inc. </FONT> </p>
    </td>
    <td width=182>&nbsp;</td>
    <td width=54 align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BFC </FONT></td>
  </tr>

  <tr valign="bottom">

    <td width=504>
      <p align=left><FONT FACE="Times New Roman, Times, Serif" SIZE="2">The BlackRock Investment Quality Municipal Trust
Inc. </FONT> </p>
    </td>
    <td width=182>&nbsp;</td>
    <td width=54 align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BKN </FONT></td>
  </tr>

  <tr valign="bottom">

    <td width=504>
      <p align=left><FONT FACE="Times New Roman, Times, Serif" SIZE="2">The BlackRock California Investment Quality
Municipal Trust Inc. </FONT> </p>
    </td>
    <td width=182>&nbsp;</td>
    <td width=54 align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">RAA </FONT></td>
  </tr>

  <tr valign="bottom">

    <td width=504>
      <p align=left><FONT FACE="Times New Roman, Times, Serif" SIZE="2">The BlackRock New Jersey Investment Quality
Municipal Trust Inc. </FONT> </p>
    </td>
    <td width=182>&nbsp;</td>
    <td width=54 align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">RNJ </FONT></td>
  </tr>

  <tr valign="bottom">

    <td width=504>
      <p align=left><FONT FACE="Times New Roman, Times, Serif" SIZE="2">The BlackRock New York Investment Quality
Municipal Trust Inc. </FONT> </p>
    </td>
    <td width=182>&nbsp;</td>
    <td width=54 align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">RNY </FONT></td>
  </tr>

  <tr valign="bottom">

    <td width=504>
      <p align=left><FONT FACE="Times New Roman, Times, Serif" SIZE="2">The BlackRock Strategic Municipal Trust </FONT>
</p>
    </td>
    <td width=182>&nbsp;</td>
    <td width=54 align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BSD </FONT></td>
  </tr>

  <tr valign="bottom">

    <td width=504>
      <p align=left><FONT FACE="Times New Roman, Times, Serif" SIZE="2">The BlackRock Pennsylvania Strategic Municipal
Trust </FONT> </p>
    </td>
    <td width=182>&nbsp;</td>
    <td width=54 align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BPS </FONT></td>
  </tr>

  <tr valign="bottom">

    <td width=504>
      <p align=left><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BlackRock Florida Municipal Income Trust </FONT>
</p>
    </td>
    <td width=182>&nbsp;</td>
    <td width=54 align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BBF </FONT></td>
  </tr>

  <tr valign="bottom">

    <td width=504>
      <p align=left><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BlackRock Municipal Income Trust </FONT>
</p>
    </td>
    <td width=182>&nbsp;</td>
    <td width=54 align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BFK </FONT></td>
  </tr>

  <tr valign="bottom">

    <td width=504>
      <p align=left><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BlackRock California Municipal Income Trust </FONT>
</p>
    </td>
    <td width=182>&nbsp;</td>
    <td width=54 align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BFZ </FONT></td>
  </tr>

  <tr valign="bottom">

    <td width=504>
      <p align=left><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BlackRock New Jersey Municipal Income Trust </FONT> </p>
    </td>
    <td width=182>&nbsp;</td>
    <td width=54 align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BNJ </FONT></td>
  </tr>

  <tr valign="bottom">

    <td width=504>
      <p align=left><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BlackRock New York Municipal Income Trust </FONT>
</p>
    </td>
    <td width=182>&nbsp;</td>
    <td width=54 align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BNY </FONT></td>
  </tr>

  <tr valign="bottom">

    <td width=504>
      <p align=left><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BlackRock California Municipal 2018 Term Trust </FONT>
</p>
    </td>
    <td width=182>&nbsp;</td>
    <td width=54 align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BJZ </FONT></td>
  </tr>

  <tr valign="bottom">

    <td width=504>
      <p align=left><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BlackRock Municipal 2018 Term Trust </FONT>
</p>
    </td>
    <td width=182>&nbsp;</td>
    <td width=54 align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BPK </FONT></td>
  </tr>

  <tr valign="bottom">

    <td width=504>
      <p align=left><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BlackRock New York Municipal 2018 Term Trust </FONT>
</p>
    </td>
    <td width=182>&nbsp;</td>
    <td width=54 align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BLH </FONT></td>
  </tr>

  <tr valign="bottom">

    <td width=504>
      <p align=left><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BlackRock California Municipal Bond Trust </FONT>
</p>
    </td>
    <td width=182>&nbsp;</td>
    <td width=54 align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BZA </FONT></td>
  </tr>

  <tr valign="bottom">

    <td width=504>
      <p align=left><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BlackRock Florida Municipal Bond Trust </FONT>
</p>
    </td>
    <td width=182>&nbsp;</td>
    <td width=54 align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BIE </FONT></td>
  </tr>

  <tr valign="bottom">

    <td width=504>
      <p align=left><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BlackRock Maryland Municipal Bond Trust </FONT>
</p>
    </td>
    <td width=182>&nbsp;</td>
    <td width=54 align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BZM </FONT></td>
  </tr>

  <tr valign="bottom">

    <td width=504>
      <p align=left><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BlackRock Municipal Bond Trust </FONT>
</p>
    </td>
    <td width=182>&nbsp;</td>
    <td width=54 align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BBK </FONT></td>
  </tr>

  <tr valign="bottom">

    <td width=504>
      <p align=left><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BlackRock New Jersey Municipal Bond Trust </FONT>
</p>
    </td>
    <td width=182>&nbsp;</td>
    <td width=54 align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BLJ </FONT></td>
  </tr>

  <tr valign="bottom">

    <td width=504>
      <p align=left><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BlackRock New York Municipal Bond Trust </FONT>
</p>
    </td>
    <td width=182>&nbsp;</td>
    <td width=54 align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BQH </FONT></td>
  </tr>

  <tr valign="bottom">

    <td width=504>
      <p align=left><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BlackRock Virginia Municipal Bond Trust </FONT>
</p>
    </td>
    <td width=182>&nbsp;</td>
    <td width=54 align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BHV </FONT></td>
  </tr>

  <tr valign="bottom">

    <td width=504>
      <p align=left><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BlackRock Municipal Income Trust II </FONT>
</p>
    </td>
    <td width=182>&nbsp;</td>
    <td width=54 align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BLE </FONT></td>
  </tr>

</table>


<!-- MARKER FORMAT-SHEET="Page Break CENTER" FSL="Workstation" -->
<BR>&nbsp;
<TABLE WIDTH=100%><TR><TD WIDTH=20% ALIGN=left><FONT SIZE=1>&nbsp;</FONT></TD><TD WIDTH=60% ALIGN=center><FONT SIZE="2">
</FONT></TD><TD WIDTH=20% ALIGN=right><FONT SIZE="1">&nbsp;</FONT></TD></TR></TABLE><HR SIZE=5 noshade WIDTH=100% ALIGN=LEFT>





<!-- *************************************************************************** -->
<!-- MARKER PAGE="sheet: 1; page: 1" -->




<p><img src="blackrocklogo.jpg" width="206" height="52" align="right"> <br>
  <br>
  <br>
</p>
<table border=0 cellspacing=0 cellpadding=0 width=740>

  <tr valign="bottom">

    <td width=504 align="center"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"> <U>Trust</U> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT> </td>
    <td width=182 align="center">&nbsp;</td>
    <td width=54 align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><U>Ticker</U> </FONT></td>
  </tr>

  <tr valign="bottom">

    <td width=504>
      <p align=left><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BlackRock California Municipal Income Trust II </FONT>
</p>
    </td>
    <td width=182>&nbsp;</td>
    <td width=54 align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BCL </FONT></td>
  </tr>

  <tr valign="bottom">

    <td width=504>
      <p align=left><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BlackRock New York Municipal Income Trust II </FONT>
</p>
    </td>
    <td width=182>&nbsp;</td>
    <td width=54 align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BFY </FONT></td>
  </tr>

  <tr valign="bottom">

    <td width=504>
      <p align=left><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BlackRock Insured Municipal Income Trust </FONT>
</p>
    </td>
    <td width=182>&nbsp;</td>
    <td width=54 align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BYM </FONT></td>
  </tr>

  <tr valign="bottom">

    <td width=504>
      <p align=left><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BlackRock California Insured Municipal Income Trust </FONT>
</p>
    </td>
    <td width=182>&nbsp;</td>
    <td width=54 align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BCK </FONT></td>
  </tr>

  <tr valign="bottom">

    <td width=504>
      <p align=left><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BlackRock Florida Insured Municipal Income Trust </FONT>
</p>
    </td>
    <td width=182>&nbsp;</td>
    <td width=54 align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BAF </FONT></td>
  </tr>

  <tr valign="bottom">

    <td width=504>
      <p align=left><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BlackRock New York Insured Municipal Income Trust </FONT>
</p>
    </td>
    <td width=182>&nbsp;</td>
    <td width=54 align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BSE </FONT></td>
  </tr>

  <tr valign="bottom">

    <td width=504>
      <p align=left><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BlackRock Preferred Opportunity Trust </FONT> </p>
    </td>
    <td width=182>&nbsp;</td>
    <td width=54 align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BPP </FONT></td>
  </tr>

  <tr valign="bottom">

    <td width=504>
      <p align=left><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BlackRock Limited Duration Income Trust </FONT>
</p>
    </td>
    <td width=182>&nbsp;</td>
    <td width=54 align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BLW </FONT></td>
  </tr>

  <tr valign="bottom">

    <td width=504>
      <p align=left><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BlackRock Municipal 2020 Term Trust </FONT>
</p>
    </td>
    <td width=182>&nbsp;</td>
    <td width=54 align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BKK </FONT></td>
  </tr>

  <tr valign="bottom">

    <td width=504>
      <p align=left><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BlackRock Florida Municipal 2020 Term Trust </FONT>
</p>
    </td>
    <td width=182>&nbsp;</td>
    <td width=54 align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BFO </FONT></td>
  </tr>

  <tr valign="bottom">

    <td width=504>
      <p align=left><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BlackRock Dividend Achievers<SUP>TM </SUP>Trust </FONT>
</p>
    </td>
    <td width=182>&nbsp;</td>
    <td width=54 align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BDV </FONT></td>
  </tr>

  <tr valign="bottom">

    <td width=504>
      <p align=left><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BlackRock Strategic Dividend Achievers<SUP>TM
</SUP>Trust </FONT> </p>
    </td>
    <td width=182>&nbsp;</td>
    <td width=54 align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BDT </FONT></td>
  </tr>

  <tr valign="bottom">

    <td width=504>
      <p align=left><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BlackRock S&amp;P Quality Rankings Global Equity
Managed Trust </FONT> </p>
    </td>
    <td width=182>&nbsp;</td>
    <td width=54 align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BQY </FONT></td>
  </tr>

  <tr valign="bottom">

    <td width=504>
      <p align=left><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BlackRock Global Floating Rate Income Trust </FONT>
</p>
    </td>
    <td width=182>&nbsp;</td>
    <td width=54 align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BGT </FONT></td>
  </tr>

  <tr valign="bottom">

    <td width=504>
      <p align=left><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BlackRock Global Energy and Resources Trust </FONT>
</p>
    </td>
    <td width=182>&nbsp;</td>
    <td width=54 align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BGR </FONT></td>
  </tr>

  <tr valign="bottom">

    <td width=504>
      <p align=left><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BlackRock Health Sciences Trust </FONT>
</p>
    </td>
    <td width=182>&nbsp;</td>
    <td width=54 align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BME </FONT></td>
  </tr>

  <tr valign="bottom">

    <td width=504>
      <p align=left><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BlackRock Global Opportunities Equity Trust </FONT>
</p>
    </td>
    <td width=182>&nbsp;</td>
    <td width=54 align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BOE </FONT></td>
  </tr>

  <tr valign="bottom">

    <td width=504>
      <p align=left><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BlackRock Enhanced Dividend Achievers<SUP>TM </SUP>Trust </FONT>
</p>
    </td>
    <td width=182>&nbsp;</td>
    <td width=54 align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BDJ </FONT></td>
  </tr>

  <tr valign="bottom">

    <td width=504>
      <p align=left><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BlackRock World Investment Trust </FONT>
</p>
    </td>
    <td width=182>&nbsp;</td>
    <td width=54 align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BWC </FONT></td>
  </tr>

  <tr valign="bottom">

    <td width=504>
      <p align=left><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BlackRock Long-Term Municipal Advantage Trust </FONT>
</p>
    </td>
    <td width=182>&nbsp;</td>
    <td width=54 align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BTA </FONT></td>
  </tr>

  <tr valign="bottom">

    <td width=504>
      <p align=left><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BlackRock Real Asset Equity Trust </FONT>
</p>
    </td>
    <td width=182>&nbsp;</td>
    <td width=54 align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BCF </FONT></td>
  </tr>

  <tr valign="bottom">

    <td width=504>
      <p align=left><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BlackRock Preferred and Equity Advantage Trust </FONT>
</p>
    </td>
    <td width=182>&nbsp;</td>
    <td width=54 align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BTZ </FONT></td>
  </tr>

  <tr valign="bottom">

    <td width=504>
      <p align=left><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BlackRock Global Equity Income Trust </FONT>
</p>
    </td>
    <td width=182>&nbsp;</td>
    <td width=54 align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BFD </FONT></td>
  </tr>

  <tr valign="bottom">

    <td width=504>
      <p align=left><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BlackRock International Growth and Income Trust </FONT>
</p>
    </td>
    <td width=182>&nbsp;</td>
    <td width=54 align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BGY </FONT></td>
  </tr>

  <tr valign="bottom">

    <td width=504>
      <p align=left><FONT FACE="Times New Roman, Times, Serif" SIZE="2">The BlackRock Florida Insured Municipal 2008 Term
Trust </FONT> </p>
    </td>
    <td width=182>&nbsp;</td>
    <td width=54 align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BRF </FONT></td>
  </tr>

  <tr valign="bottom">

    <td width=504>
      <p align=left><FONT FACE="Times New Roman, Times, Serif" SIZE="2">The BlackRock Florida Investment Quality Municipal Trust </FONT>
</p>
    </td>
    <td width=182>&nbsp;</td>
    <td width=54 align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">RFA </FONT></td>
  </tr>

  <tr valign="bottom">

    <td width=504>
      <p align=left><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BlackRock High Income Shares </FONT>
</p>
    </td>
    <td width=182>&nbsp;</td>
    <td width=54 align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">HIS </FONT></td>
  </tr>

</table>

<!-- MARKER FORMAT-SHEET="Left Head 2 Bold" FSL="Workstation" -->
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>About BlackRock </B></FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush 00" FSL="Workstation" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>BlackRock is one of the world&#146;s
largest publicly traded investment management firms. As of March 31, 2007, assets under
management were $1.154 trillion. The firm manages assets on behalf of institutions and
individuals worldwide through a variety of equity, fixed income, cash management and
alternative investment products. In addition, a growing number of institutional investors
use BlackRock Solutions investment system, risk management and financial advisory
services. Headquartered in New York City, the firm has approximately 5,000 employees in
18 countries and a major presence in key global markets, including the U.S., Europe,
Asia, Australia and the Middle East. For additional information, please visit the
Company&#146;s website at www.blackrock.com. </FONT></P>

<!-- MARKER FORMAT-SHEET="Left Head 2 Bold" FSL="Workstation" -->
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>Forward-Looking
Statements </B></FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush 00" FSL="Workstation" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>This press release, and other
statements that BlackRock may make, may contain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act, with respect to BlackRock&#146;s
future financial or business performance, strategies or expectations. Forward-looking
statements are typically identified by words or phrases such as &#147;trend,&#148; &#147;potential,&#148;
&#147;opportunity,&#148; &#147;pipeline,&#148; &#147;believe,&#148; &#147;comfortable,&#148; &#147;expect,&#148; &#147;anticipate,&#148; &#147;current,&#148;
&#147;intention,&#148; &#147;estimate,&#148; &#147;position,&#148; &#147;assume,&#148; &#147;outlook,&#148; &#147;continue,&#148; &#147;remain,&#148;
&#147;maintain,&#148; &#147;sustain,&#148; &#147;seek,&#148; &#147;achieve,&#148; and similar expressions, or future or
conditional verbs such as &#147;will,&#148; &#147;would,&#148; &#147;should,&#148; &#147;could,&#148; &#147;may&#148; or similar
expressions. </FONT></P>



<!-- MARKER FORMAT-SHEET="Page Break CENTER" FSL="Workstation" -->
<BR>&nbsp;
<TABLE WIDTH=100%><TR><TD WIDTH=20% ALIGN=left><FONT SIZE=1>&nbsp;</FONT></TD><TD WIDTH=60% ALIGN=center><FONT SIZE="2">
2</FONT></TD><TD WIDTH=20% ALIGN=right><FONT SIZE="1">&nbsp;</FONT></TD></TR></TABLE><HR SIZE=5 noshade WIDTH=100% ALIGN=LEFT>





<!-- *************************************************************************** -->
<!-- MARKER PAGE="sheet: 2; page: 2" -->




<!-- MARKER FORMAT-SHEET="Para Flush 00" FSL="Workstation" -->
<P><img src="blackrocklogo.jpg" width="206" height="52" align="right"> <br>
  <br>
</P>
<P>&nbsp;</P>
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>BlackRock cautions that
forward-looking statements are subject to numerous assumptions, risks and uncertainties,
which change over time. Forward-looking statements speak only as of the date they are
made, and BlackRock assumes no duty to and does not undertake to update forward-looking
statements. Actual results could differ materially from those anticipated in
forward-looking statements and future results could differ materially from historical
performance. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush 00" FSL="Workstation" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>In addition to factors previously
disclosed in BlackRock&#146;s SEC reports and those identified elsewhere in this
communication, the following factors, among others, could cause actual results to differ
materially from forward-looking statements or historical performance: (1) the
introduction, withdrawal, success and timing of business initiatives and strategies; (2)
changes in political, economic or industry conditions, the interest rate environment or
financial and capital markets, which could result in changes in demand for products or
services or in the value of assets under management; (3) the relative and absolute
investment performance of BlackRock&#146;s investment products, including its separately
managed accounts and the former MLIM business; (4) the impact of increased competition;
(5) the impact of capital improvement projects; (6) the impact of future acquisitions or
divestitures; (7) the unfavorable resolution of legal proceedings; (8) the extent and
timing of any share repurchases; (9) the impact, extent and timing of technological
changes and the adequacy of intellectual property protection; (10) the impact of
legislative and regulatory actions and reforms and regulatory, supervisory or enforcement
actions of government agencies relating to BlackRock, Merrill Lynch or PNC; (11)
terrorist activities and international hostilities, which may adversely affect the
general economy, domestic and local financial and capital markets, specific industries,
and BlackRock; (12) the ability to attract and retain highly talented professionals; (13)
fluctuations in foreign currency exchange rates, which may adversely affect the value of
advisory fees earned by BlackRock; (14) the impact of changes to tax legislation and,
generally, the tax position of the Company; (15) BlackRock&#146;s ability to successfully
integrate the MLIM business with its existing business; (16) the ability of BlackRock to
effectively manage the former MLIM assets along with its historical assets under
management; and (17) BlackRock&#146;s success in maintaining the distribution of its products. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush 00" FSL="Workstation" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE="2">BlackRock&#146;s Annual Reports on Form
10-K and BlackRock&#146;s subsequent filings with the SEC, accessible on the SEC&#146;s website at
<B>http://www.sec.gov </B>and on BlackRock&#146;s website at <U><B>http://www.blackrock.com</B></U>, discuss these
factors in more detail and identify additional factors that can affect forward-looking
statements. The information contained on our website is not a part of this press release. </FONT> </P>

<!-- MARKER FORMAT-SHEET="Center no bold" FSL="Workstation" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2># # # </FONT></P>


<!-- MARKER FORMAT-SHEET="Page Break CENTER" FSL="Workstation" -->
<BR>&nbsp;
<TABLE WIDTH=100%><TR><TD WIDTH=20% ALIGN=left><FONT SIZE=1>&nbsp;</FONT></TD><TD WIDTH=60% ALIGN=center><FONT SIZE="2">
3</FONT></TD><TD WIDTH=20% ALIGN=right><FONT SIZE="1">&nbsp;</FONT></TD></TR></TABLE><HR SIZE=5 noshade WIDTH=100% ALIGN=LEFT>


</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>blackrocklogo.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 blackrocklogo.jpg
M_]C_X``02D9)1@`!`0```0`!``#_VP!#``T)"@L*"`T+"@L.#@T/$R`5$Q(2
M$R<<'A<@+BDQ,"XI+2PS.DH^,S9&-RPM0%=!1DQ.4E-2,CY:85I08$I14D__
MVP!#`0X.#A,1$R85%29/-2TU3T]/3T]/3T]/3T]/3T]/3T]/3T]/3T]/3T]/
M3T]/3T]/3T]/3T]/3T]/3T]/3T]/3T__P``1"``T`,X#`2(``A$!`Q$!_\0`
M'P```04!`0$!`0$```````````$"`P0%!@<("0H+_\0`M1```@$#`P($`P4%
M!`0```%]`0(#``01!1(A,4$&$U%A!R)Q%#*!D:$((T*QP152T?`D,V)R@@D*
M%A<8&1HE)B<H*2HT-38W.#DZ0T1%1D=(24I35%565UA96F-D969G:&EJ<W1U
M=G=X>7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&
MQ\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0`'P$``P$!`0$!
M`0$!`0````````$"`P0%!@<("0H+_\0`M1$``@$"!`0#!`<%!`0``0)W``$"
M`Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O`58G+1"A8D-.$E\1<8&1HF
M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$
MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4
MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H`#`,!``(1`Q$`/P#TZBH;R&:>
MU>*WN7M96QME158KSZ,"/;I7EWB77O%FB>(UTE-=$PD"%)#:Q+]XXY&V@#U>
MBN1FTCQLD):#Q5!+(!PCV4:*?Q`/\JRO"_CG47\0?V%XB@C6<R&)94&TAQV(
MZ'/8B@#T.BD9U09=@H]2<4M`!114375LK%6N(@PX(+CB@"6B@<C(H)"@DD`#
MDDT`%%54U+3Y)?*2^MFD)QM$JD_EFK5`!12!U9BH8$KU`/2D=TC4M(RJHZEC
M@4`.HKA?&MQX@T/2SJFG^(GDA,@7RGMH3@-TPP7FH/#!\8>(-&341XG2W#LR
MA#91MT..N!0!Z#17F>K>)?%OA#484UE[;4+67)5U0)O`Z@$`8/(Z@]:]$T^]
MAU'3[>]MB3%/&'7/7!]?>@"Q155M2T])/*>^MEDSC:95!_+-6@01D<B@`HI&
M8*I9B`!R2>U5H]2L)9?*BOK9Y#_"LJD_EF@"U112*RMG:P.#@X/2@!:*;)+'
M$NZ614!.,L<4X$$9'(H`*\?^([K'\0;5W8*JI"23V&XU[!7C_P`1E5_B%:(Z
MAE9(001D$;C0!Z!=>-O#5K"9&U6"3`X6++L?P%>?^'K"[\6>/&UU+9X;!+GS
MB[#`^7[J@]SP,X]Z])F\+>'IXS&^BV`![I`J'\P`:\P\107'@'Q7%)HMQ(MO
M,@E$3-D$9(*-ZCCKUY]>:`+?Q&T:PTK6=(>PB:,SLWF`R,P)#+@\DXZUZW7E
M_P`3YEN;OPW<)G;*&<9]"4->H4`%>3_$'38]5\3R6FCV<2W%I:O<WDB+@N>N
M#CJ<8^NZO4;Z[AL+&>\N&VQ01F1C[`9KS?P9XFT>S_M'4]8N)!J&H3EW`@=P
MJ#H`0/<_I0!T_P`.]8.K>%H!(^Z>T_<29ZG'W3^6/Q!KE]7N+KQCX^;0!<21
M:9:,PE2,XW;/O$^IW<#TJGX-U:STCQ]<6EE*6TS4'V1%E*X)Y3@\\$E?QJQX
M+;[-\5-7BE`#R&X5<^OF!OY"@#J=2\`:!<Z7);6EBEO/L/E3!FRK8X)/.1ZU
M%HGA*Z?1O[.\52QWJPL?LSPSR;D4CD$X'3`QUKL**`/+?A/>6VGZ9K=W>3+%
M!$8F=VZ#AJV+:UO/'5XE]J4;V^@0MNMK8\-<G^\WM_D=S7FNE6&H3Z3=WUHH
MGMK&:.2XMSDAA\V&([@8(/L?K7M?A?7[+Q!I*7-GB-D`66#O$V.GT]#0!C?%
M%%C\%,B*%59HPJ@8`'I5/X>:]I&G^$((+W4K6"59)"4DE`8#<>U7?BI_R)LG
M_7>/^=<SHWA.WUWX;K-;01KJ:/(\<@`#28)^0GN".GH<4`0?$#7H/%-]9:9H
M,<EWY3,=R(?G8X&`.N!CK4VN2ZA:0:%X'M9S%)(B"Z=#_$[?=R.PY)]>*N?"
MK7(D,N@W4217*DM$^P*SX^\I]2.OTSZ57U?(^--L7X!DBVY_W!_6@#LH/`_A
MN&Q%J=,BD&W!D?)<^^[J/PKE_#-W<>&?'<_A>6>273YC_HX<YV$KN7'X<'WK
MTJO*_$F6^,&G!.HD@SCZ\_I0!)=RS^./'DND//)'I-B6+QH<;]AP3[DL<>PK
MH]7^'^AW>E2P:?91VMT$/DRAFX;MNZY'KUKE_AN3;>/-7MIN)=DJ\]21(,C_
M`#Z5ZK0!Y]/X5NHO!>H#Q)+'=W5E;R-:S132$HJJ6"G(&><]0>#]*B^'FK66
MB^`[F]U"79$EVX`'+.=JX`'<UV?B?_D5=7_Z\IO_`$`UXKI4-_8Z=9Z_Y"WF
MG6MVRM`^2J-A>2.V<CGU`SVH`](TG2;OQ/?QZ]XCBV6J\V.GMT4=G<=R?\\8
M%=K5'1=6M-;TV*_L7W1OU!ZHW=3Z$5>H`*\A^)$<Z^.(+F.VEE2.*)OD0G.&
M)QFO7JKSV-G</YEQ:02OC&YXPQQ^-`'+-\1+`K^YTG6))#T06X_QKE[K1/$'
MCKQ"E[?V$FFV*`(/-!!5`<X`."2<GG&*]/73-/1MR6%JI'<0J/Z5:``&`,`4
M`>9_%2W>.ZT+[-;R/'`'X12<`%,#]*Z+_A/M'VY\C4<XZ?96KI+BTMKHJ;FV
MAFV_=\Q`V/SJ'^RM-_Z!]I_WY7_"@#S;4-7U?Q'HT>E^7.LFIZFX&^/'DVX*
ME0<#ID]?]DUZ?:6T5G9PVL"[8H4$:#T`&!38["RC9&CL[=&0Y4K&H*_3CBK%
M`'G_`,5=%EN+2UUFS1S<6K"-]@RVTG*G\&_]"K-U#2M5O3IWC7086-\55KJV
MVX;S%&UB%[@X((Z_G7I\T44\9CGC22,]5=00?P-$,,4$8C@B2-!T5%``_`4`
M<=:?$G1V0)J,%W970X>%HBV#[8Y_,"N@T36X=;262WM+R&*,@+)<1;!)G/W?
M7&/UJ230M&EE,LNDV#R$Y+M;(23]<5=AAB@C$<$:1H.BHH`'X"@#SKX06\L5
MOJRSPN@9HN'4C/#>M0Z]HM_X+UQ=>\.QL]E(V)[902%SU4C^Z>Q['\*])M[6
MVM@PMK>*'=][RT"Y_*G30Q3QF.>-)$/574$'\#0!Q'CJ]36_A\+JRCE822H3
M&4.]3GD$>U7_`(9QR1>#+=)49&\R3AA@_>-=)]AL_(\C[+!Y).?+\L;<^N.E
M20PQ01B.")(T'144`#\!0!YG\1?#MQI^IQ>)-%5U<R`RB,<I)V<#T/?W^M-U
MFWOO$-OIOBW2+5_[1LRJW-KM(;<AW`@=QS^1'H:].FABGC,<\22(>JNH(/X&
MFP6UO;*5MX(HE)R1&@4$_A0!RL?Q%T3R!]I2[@N\?-:F!B^[T';^59?A;1]1
MUCQA/XKU:T>UBR3;0R##'Y=HX/8+W[GFNT?0]'>;SGTFQ:7.=YMT+?GBKRJJ
MJ%4`*!@`#@4`>?>+/#VIZ;XCC\4^'(3-*&W3VZC))Q@D#N".H'.>?I?M?B3H
MKH%O8;NTN1PT+1%B#[$?X"NSK/?0=&DE,KZ18-(>2QMD)_/%`&7>:M'KGA'6
MI+6TO(D%I,B&>$H9/W9Y4=Q67\+[3?X.N;:\MSLDN9`T<B_>4JHZ'M7:+;PK
M`8%AC$)!!C"C;@]L406\-LFRWACB0G.U%"C/X4`>936NH_#WQ$+C3XIKK1;M
MOFB4%BOM_O#L>X_&O2[.ZBO;2*YMV+12KN4D8/XCL:=/;P7*!+B&.50<@2(&
M`/XTL44<,8CAC2-%Z*@P!^%`#Z***`"BBB@`HHHH`****`"BBB@`HHHH`***
<*`"BBB@`HHHH`****`"BBB@`HHHH`****`/_V3\_
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
