<SEC-DOCUMENT>0001209191-12-016823.txt : 20120308
<SEC-HEADER>0001209191-12-016823.hdr.sgml : 20120308
<ACCEPTANCE-DATETIME>20120308164423
ACCESSION NUMBER:		0001209191-12-016823
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20120223
FILED AS OF DATE:		20120308
DATE AS OF CHANGE:		20120308

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			J.P. Morgan Taxable PUTTERs/Taxable DRIVERs, Series T0007 Trust
		CENTRAL INDEX KEY:			0001544212

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-05611
		FILM NUMBER:		12677782

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		212-361-6177

	MAIL ADDRESS:	
		STREET 1:		C/O U.S. BANK TRUST NATIONAL ASSOCIATION
		STREET 2:		100 WALL STREET-SUITE 1600
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10005

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BLACKROCK MUNIVEST FUND INC
		CENTRAL INDEX KEY:			0000835948
		STANDARD INDUSTRIAL CLASSIFICATION:	UNKNOWN SIC - 0000 [0000]
		IRS NUMBER:				222919170
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			0831

	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:	MUNIVEST FUND INC
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MUNIPLUS FUND INC
		DATE OF NAME CHANGE:	19880913
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>c27845_3x1.xml
<DESCRIPTION>MAIN DOCUMENT DESCRIPTION
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0204</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2012-02-23</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0000835948</issuerCik>
        <issuerName>BLACKROCK MUNIVEST FUND INC</issuerName>
        <issuerTradingSymbol>MVF</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001544212</rptOwnerCik>
            <rptOwnerName>J.P. Morgan Taxable PUTTERs/Taxable DRIVERs, Series T0007 Trust</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O U.S. BANK TRUST NATIONAL ASSOCIATION</rptOwnerStreet1>
            <rptOwnerStreet2>100 WALL STREET- SUITE 1600</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10005</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Series W-7 Variable Rate Muni Term Preferred Shares</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>2438</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <derivativeTable></derivativeTable>

    <ownerSignature>
        <signatureName>/s/ Deirdre Brady, as Attorney-In-Fact</signatureName>
        <signatureDate>2012-03-08</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-24
<SEQUENCE>2
<FILENAME>c27845_24.htm
<DESCRIPTION>POWER OF ATTORNEY
<TEXT>
<html>
<head>
	<title>Power Of Attorney</title>
</head>

<body>





<DIV style="font-family: Helvetica,Arial,sans-serif; margin-left: .25in; width: 7.50in">

<DIV align="center" style="font-size: 10pt; margin-top: 10pt">POWER OF ATTORNEY
</DIV>


<DIV align="justify" style="font-size: 10pt; margin-top: 10pt">J.P. MORGAN TAXABLE PUTTERS/TAXABLE DRIVERS, SERIES T0007 TRUST (the &#147;Company&#148;) hereby appoints Ms.
Deirdre Brady (an &#147;Attorney-In-Fact&#148;) of Ashurst LLP (the &#147;Firm&#148;), Times Square Tower, 7 Times
Square, 42<SUP style="font-size: 85%; vertical-align: text-top">nd</SUP> Floor, New York, NY 10036, as its duly appointed attorney-in-fact to bind
the Company and to sign, deliver and electronically file with the U.S. Securities and Exchange
Commission&#146;s EDGAR system on behalf of the Company any Form&nbsp;ID, Form&nbsp;3 and Form&nbsp;4, and other
documents related to its security position and any and all amendments or modifications thereof and
other undertakings of the Company as directed orally or in writing by JPMorgan Chase Bank, N.A., as
Trustor for the Company or in writing by a duly authorized officer or representative of the
Company.
</DIV>

<DIV align="justify" style="font-size: 10pt; margin-top: 10pt">The powers granted are to be given the widest possible interpretation so as to permit and enable
the purpose for which they have been granted.
</DIV>

<DIV align="justify" style="font-size: 10pt; margin-top: 10pt">This Power of Attorney shall be construed in accordance with and governed by the laws of New York.
</DIV>

<DIV align="justify" style="font-size: 10pt; margin-top: 10pt">This Power of Attorney shall expire in six (6)&nbsp;months from the date hereof unless expressly revoked
by the Company prior to said date, in which case this Power of Attorney will immediately be
terminated.
</DIV>

<DIV align="justify" style="font-size: 10pt; margin-top: 10pt">All persons relying on this Power of Attorney are advised that (a)&nbsp;this Power of Attorney is
executed and delivered by U.S. Bank Trust National Association (&#147;USB&#148;), not individually or
personally but solely as trustee of the Company, in the exercise of the powers and authority
conferred and vested in it, (b)&nbsp;each of the representations, undertakings and agreements on the
part of the Company made herein or in any document executed, delivered or filed by the
Attorney-In-Fact on behalf of the Company is made and intended not as personal representations,
undertakings and agreements by USB but made and intended for the purpose of binding only the
Company, (c)&nbsp;nothing herein contained or contained in any document executed, delivered or filed by
the Attorney-In-Fact shall be construed as creating any liability on USB, individually or
personally, to perform any covenants, either expressed or implied, contained herein or therein, all
personal liability, if any, being expressly waived by the parties hereto and by reliance on this
Power of Attorney, the parties to any document executed, delivered or filed by the Attorney-In-Fact
and by any person claiming by, through or under the parties hereto or thereto, and (d)&nbsp;under no
circumstances shall USB be personally liable for the payment of any indebtedness or expenses of the
Company or be liable for the breach or failure of any obligation, representation, warranty or
covenant made or undertaken by the Company or by the Attorney-In-Fact on behalf of the Company.
</DIV>
<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->1<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->

<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif; margin-left: .25in; width: 7.50in">

<DIV align="justify" style="font-size: 10pt; margin-top: 10pt"><DIV style="border-bottom: 1px solid #000000; font-size: 1px">&nbsp;</DIV>
</DIV>


<DIV align="justify" style="font-size: 10pt; margin-top: 10pt">IN WITNESS WHEREOF this Power of Attorney has been executed and delivered on March&nbsp;1, 2012.
</DIV>

<DIV align="justify" style="font-size: 10pt; margin-top: 10pt">J.P. MORGAN TAXABLE PUTTERS/TAXABLE DRIVERS, SERIES T0007 TRUST
</DIV>


<DIV align="justify" style="font-size: 10pt; margin-top: 10pt">By: U.S. BANK TRUST NATIONAL ASSOCIATION, not in its individual capacity but solely as Trustee
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head --><TR valign="bottom">
    <TD width="2%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="40%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="54%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">By:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">/s/ Ian M. Watson
<DIV style="border-bottom: 1px solid #000000; font-size: 1px">&nbsp;</DIV>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Name: Ian M. Watson</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Title: Authorized Signatory</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body --></TABLE>
</DIV>

<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->2<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->

<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif; margin-left: .25in; width: 7.50in">



<DIV align="justify" style="font-size: 10pt; margin-top: 10pt"><DIV style="border-bottom: 1px solid #000000; font-size: 1px">&nbsp;</DIV>
</DIV>


<DIV align="justify" style="font-size: 10pt; margin-top: 10pt"><B>ACKNOWLEDGEMENT</B>
</DIV>


<DIV align="justify" style="font-size: 10pt; margin-top: 10pt">State of New York
</DIV>


<DIV align="justify" style="font-size: 10pt; margin-top: 10pt">County of New York
</DIV>


<DIV align="justify" style="font-size: 10pt; margin-top: 10pt">On the 1<SUP style="font-size: 85%; vertical-align: text-top">st</SUP> day of March in the year 2012 before me personally appeared, Ian M. Watson,
personally known to me or proved to me on the basis of satisfactory evidence to be the
individual(s) whose name(s) is (are)&nbsp;subscribed to the within instrument and acknowledged to me
that he/she/they executed the same in his/her/their capacity(ies), and that by his/her/their
signature(s) on the instrument, the individual(s), or the person upon behalf of which the
individual(s) acted, executed the instrument.
</DIV>

<DIV align="justify" style="font-size: 10pt; margin-top: 10pt"><U>/s/ Yvette Rivera</U><BR>
<I>(Signature and office of individual taking acknowledgement.)</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt">Yvette Rivera<BR>
Notary Public, State of New York<BR>
No.&nbsp;01RI5019091<BR>
Qualified in Queens County<BR>
Certificate Filed in New York County<BR>
Commission Expires October&nbsp;12, 2013

</DIV>


<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->3<!-- /Folio -->
</DIV>

</body>
</html>



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