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<SEC-DOCUMENT>0000930413-06-004261.txt : 20060530
<SEC-HEADER>0000930413-06-004261.hdr.sgml : 20060529
<ACCEPTANCE-DATETIME>20060530103204
ACCESSION NUMBER:		0000930413-06-004261
CONFORMED SUBMISSION TYPE:	N-Q
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20060331
FILED AS OF DATE:		20060530
DATE AS OF CHANGE:		20060530
EFFECTIVENESS DATE:		20060530

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BLACKROCK GLOBAL FLOATING RATE INCOME TRUST
		CENTRAL INDEX KEY:			0001287480
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		N-Q
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-21566
		FILM NUMBER:		06872320

	BUSINESS ADDRESS:	
		STREET 1:		40 EAST 52ND STREET
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
		BUSINESS PHONE:		212-754-5336

	MAIL ADDRESS:	
		STREET 1:		40 EAST 52ND STREET
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BLACKROCK VARIABLE RATE & INFLATION PROTECTED SECURITIES
		DATE OF NAME CHANGE:	20040416
</SEC-HEADER>
<DOCUMENT>
<TYPE>N-Q
<SEQUENCE>1
<FILENAME>c42496_n-q.htm
<TEXT>
<HTML>
<HEAD>
<TITLE></TITLE>
</HEAD>
<BODY>
<center>
  <FONT face="serif">UNITED STATES </FONT><BR>
  <FONT face="serif">SECURITIES AND EXCHANGE COMMISSION </FONT><BR>
  <FONT face="serif">Washington, D.C. 20549 </FONT>
</center>
<P align="center">
<B><FONT size=4 face="serif">FORM N-Q </FONT></B></P>
<center>
  <B><FONT face="serif">QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED </FONT></B><BR>
  <B><FONT face="serif">MANAGEMENT INVESTMENT COMPANY </FONT></B>
</center>
<P>
<FONT face="serif">Investment Company Act file number:__</FONT><U><FONT face="serif">811-21566</FONT></U><FONT face="serif">______ </FONT></P>
<P align="center">
<FONT face="serif">_______</FONT><U><FONT face="serif">BlackRock Global Floating Rate Income Trust</FONT></U><FONT face="serif">_______ </FONT><BR>
<FONT face="serif">(Exact name of registrant as specified in charter) </FONT><BR>
</P>
<TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
<TR valign="bottom">
        <TD width=60% align=center>
      <center>
        <div style="border-bottom:1px solid #000000"> <font face="serif">100
            Bellevue Parkway, Wilmington, DE</font>&nbsp; </div>
      </center></TD>
        <TD align=center>
      <center>
        <div style="border-bottom:1px solid #000000"> <font face="serif">19809</font>&nbsp; </div>
      </center></TD>
</TR>
<TR valign="bottom">
        <TD width=60% align=right>
      <center>
        <FONT face="serif">(Address of principal executive offices)</FONT>&nbsp;
      </center></TD>
        <TD align=right>
      <center>
        <FONT face="serif">(Zip code)</FONT>&nbsp;
      </center></TD>
</TR>
</TABLE>

  <div align=center style="border-bottom:1px solid #000000"><br>
      <font face="serif">Robert S. Kapito, President </font><br>
      <font face="sans-serif">BlackRock Global Floating Rate Income Trust</font><br>
      <font face="serif">40 East 52nd Street, New York, NY 10022</font></div>
  <div align=center><FONT face="serif">(Name and address of agent for service) </FONT>
</div>

<P>
<FONT face="serif">Registrant's telephone number, including area code:_</FONT><U><FONT face="serif">888-825-2257&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></U></P>
<FONT face="serif">Date of fiscal year end:___</FONT><U><FONT face="serif">December 31, 2006</FONT></U><FONT face="serif"> </FONT><BR>
<FONT face="serif">Date of reporting period:__</FONT><U><FONT face="serif">March 31, 2006</FONT></U><BR>

<HR noshade  width="100%" size=4>

<P align="left" style="page-break-before:always"></P>
<PAGE>


<P>
<B><FONT face="serif">Item 1. Schedule of Investments.</FONT></B><FONT face="serif"> <br>
</FONT><FONT face="serif">The
Registrant&#146;s unaudited schedule of investments as of the close of the reporting
period pursuant to Rule 30b1-5 under the Investment Company Act of 1940 is as
follows: </FONT></P>
<p><font size="3"><b>PORTFOLIO OF INVESTMENTS <br>MARCH 31, 2006 </b></font><font size="4"><b>(unaudited)</b></font><hr noshade size=3>
<font size="3"><b>BlackRock Global Floating Rate Income Trust (BGT)</b></font>
<hr noshade size=3>
<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr valign=top><td width="9%" align=center></td>
<td width="2%">&nbsp;</td>
<td width="9%" align=center><font size="2"><b>Principal</b></font></td>
<td width="3%">&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td align=center><font size="2"><b>&nbsp;</b></font></td>
<td width="2%">&nbsp;</td>
<td width="9%" align=center></td>

<td width="2%">&nbsp;</td>
  </tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2"><b>&nbsp;</b></font></td>
<td>&nbsp;</td>
<td align=center><font size="2"><b>Amount</b></font></td>
<td>&nbsp;&nbsp;&nbsp;</td>
<td align=center><font size="2"><b>&nbsp;</b></font></td>
<td>&nbsp;</td>
<td align=center></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2"><b>Rating</b><sup><b>1</b></sup></font></td>
<td>&nbsp;</td>
<td align=center><font size="2"><b>(000)</b></font></td>
<td>&nbsp;</td>
<td align=center><font size="2"><b>Description</b></font></td>
<td>&nbsp;</td>
<td align=center><font size="2"><b>Value</b></font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td COLSPAN='8' ><HR noshade size=1><tr valign=top><td align=center></td>
<td>&nbsp;</td>
<td align=right><font size="2"><b>&nbsp;</b></font></td>
<td>&nbsp;</td>
<td align=left><font size="2"><b>LONG-TERM INVESTMENTS&#151;160.3%</b></font></td>
<td>&nbsp;</td>
<td align=right></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2"><b>&nbsp;</b></font></td>
<td>&nbsp;</td>
<td align=right><font size="2"><b>&nbsp;</b></font></td>
<td>&nbsp;</td>
<td align=left><font size="2"><b>Corporate Bonds&#151;20.3%</b></font></td>
<td>&nbsp;</td>
<td align=right></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2"><b>&nbsp;</b></font></td>
<td>&nbsp;</td>
<td align=right><font size="2"><b>&nbsp;</b></font></td>
<td>&nbsp;</td>
<td align=left><font size="2"><b>Aerospace &amp; Defense&#151;0.2%</b></font></td>
<td>&nbsp;</td>
<td align=right></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2"><font size="2">B-</font></font></td>
<td>&nbsp;</td>
<td align=right><font size="2">$&nbsp;&nbsp;&nbsp;&nbsp; 735</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">DI Finance/DynCorp. Intl., 9.50%,
2/15/13</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;764,400</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td COLSPAN='8' ><HR noshade size=1></td>
</tr>
<tr valign=top><td align=center><font size="2"><b><font size="2">&nbsp;</font></b></font></td>
<td>&nbsp;</td>
<td align=right><font size="2"><b>&nbsp;</b></font></td>
<td>&nbsp;</td>
<td align=left><font size="2"><b>Automotive&#151;0.3%</b></font></td>
<td>&nbsp;</td>
<td align=right></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2"><font size="2">BB</font></font></td>
<td>&nbsp;</td>
<td align=right><font size="2">210</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">ArvinMeritor, Inc., 8.75%, 3/01/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">208,950</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">CCC-</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">525</font></td>
<td><font size="2"><sup>2</sup></font></td>
<td align=left><font size="2">Delco Remy Intl., Inc., 9.068%, 4/15/09</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">497,438</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">CCC</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">40</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Dura Operating Corp., 8.625%, 4/15/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">32,200</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">B-</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">15</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Goodyear Tire &amp; Rubber Co., 7.857%,
8/15/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">14,700</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Lear Corp.,</font></td>
<td>&nbsp;</td>
<td align=right></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">B-</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">330</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;Ser. B, 5.75%, 8/01/14</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">266,475</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">B-</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">220</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;Ser. B, 8.11%, 5/15/09</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">204,600</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">CCC+</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">220</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Metaldyne Corp., 10.00%, 11/01/13</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">205,700</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">B</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">40</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Tenneco, Inc., 8.625%, 11/15/14</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">40,000</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td COLSPAN='8' ><HR noshade size=1></td>
</tr>
<tr valign=top><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,470,063</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td COLSPAN='8' ><HR noshade size=1></td>
</tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2"><b><font size="2">&nbsp;</font></b></font></td>
<td>&nbsp;</td>
<td align=right><font size="2"><b>&nbsp;</b></font></td>
<td>&nbsp;</td>
<td align=left><font size="2"><b>Basic Materials&#151;1.5%</b></font></td>
<td>&nbsp;</td>
<td align=right></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2"><font size="2">B+</font></font></td>
<td>&nbsp;</td>
<td align=right><font size="2">40</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Abitibi-Consolidated Co., 8.375%,
4/01/15 (Canada)</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">39,200</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">B+</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,000 </font></td>
<td><font size="2"><sup>2</sup></font></td>
<td align=left><font size="2">Abitibi-Consolidated, Inc., 8.41%,
6/15/11 (Canada)</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,000,000</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">B+</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">260 </font></td>
<td><font size="2"><sup>2</sup></font></td>
<td align=left><font size="2">Boise Cascade LLC, 7.943%, 10/15/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">263,250</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">B+</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,040 </font></td>
<td><font size="2"><sup>2</sup></font></td>
<td align=left><font size="2">Bowater, Inc., 7.91%, 3/15/10</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,045,200</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">B+</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">70</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Donohue Forest Products, 7.625%,
5/15/07 (Canada)</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">70,963</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">B+</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">750</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Hercules, Inc., 6.75%, 10/15/29</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">735,000</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Ineos Group Holdings PLC (United
Kingdom)</font></td>
<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">B2</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">225</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;7.875%, 2/07/16</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">263,123</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">B2</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">200 </font></td>
<td><font size="2"><sup>3</sup></font></td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;8.50%, 2/15/16 </font></td>
<td>&nbsp;</td>
<td align=right><font size="2">190,000</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">BBB-</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">95</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Intl. Steel Group, Inc., 6.50%, 4/15/14</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">94,287</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Lyondell Chemical Co.,</font></td>
<td>&nbsp;</td>
<td align=right></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">BB-</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">300</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;11.125%, 7/15/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">330,000</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">BB-</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">300</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;Ser. A, 9.625%, 5/01/07</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">309,750</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">B-</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">565</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Nalco Co., 8.875%, 11/15/13</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">589,012</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">NewPage Corp.,</font></td>
<td>&nbsp;</td>
<td align=right></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">B3</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">80</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;10.00%, 5/01/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">84,400</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">B3</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,500 </font></td>
<td><font size="2"><sup>2</sup></font></td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;10.93%, 5/01/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,582,500</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">B-</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">50 </font></td>
<td><font size="2"><sup>3</sup></font></td>
<td align=left><font size="2">PQ Corp., 7.50%, 2/15/13</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">48,250</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td COLSPAN='8' ><HR noshade size=1></td>
</tr>
<tr valign=top><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">6,644,935</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td COLSPAN='8' ><HR noshade size=1></td>
</tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2"><b><font size="2">&nbsp;</font></b></font></td>
<td>&nbsp;</td>
<td align=right><font size="2"><b>&nbsp;</b></font></td>
<td>&nbsp;</td>
<td align=left><font size="2"><b>Building &amp; Development&#151;0.3%</b></font></td>
<td>&nbsp;</td>
<td align=right></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2"><font size="2">B+</font></font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,000 </font></td>
<td><font size="2"><sup>2</sup></font></td>
<td align=left><font size="2">Ainsworth Lumber Co. Ltd., 8.71%,
10/01/10 (Canada)</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">995,000</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">B2</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">90 </font></td>
<td><font size="2"><sup>3</sup></font></td>
<td align=left><font size="2">Compression Polymers Corp., 10.50%,
7/01/13</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">91,800</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">B-</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">195</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Goodman Global Holding Co., Inc.,
7.875%, 12/15/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">192,563</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">B</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">60</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">North American Energy Partners, Inc.,
9.00%, 6/01/10 (Canada)</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">63,600</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td COLSPAN='8' ><HR noshade size=1></td>
</tr>
<tr valign=top><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,342,963</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td COLSPAN='8' ><HR noshade size=1></td>
</tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2"><b><font size="2">&nbsp;</font></b></font></td>
<td>&nbsp;</td>
<td align=right><font size="2"><b>&nbsp;</b></font></td>
<td>&nbsp;</td>
<td align=left><font size="2"><b>Consumer Products&#151;0.7%</b></font></td>
<td>&nbsp;</td>
<td align=right></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2"><font size="2">B3</font></font></td>
<td>&nbsp;</td>
<td align=right><font size="2">45</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">ALH Finance LLC, 8.50%, 1/15/13</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">44,213</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">B-</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">400</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Cenveo Corp., 7.875%, 12/01/13</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">389,000</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">CCC</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,050 </font></td>
<td><font size="2"><sup>2</sup></font></td>
<td align=left><font size="2">Duane Reade, Inc., 9.41%, 12/15/10</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,039,500</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">B-</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">75</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Finlay Fine Jewelry Corp., 8.375%,
6/01/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">65,812</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">B</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">40</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Gold Kist, Inc., 10.25%, 3/15/14</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">43,200</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">B-</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">555 </font></td>
<td><font size="2"><sup>3</sup></font></td>
<td align=left><font size="2">Knowledge Learning Corp., Inc., 7.75%,
2/01/15</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">527,250</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">B-</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">400</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Lazydays RV Center, Inc., 11.75%,
5/15/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">395,000</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">B-</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">180 </font></td>
<td><font size="2"><sup>2</sup></font></td>
<td align=left><font size="2">Levi Strauss &amp; Co., 9.74%, 4/01/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">186,300</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">CCC-</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">135</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Movie Gallery, Inc., 11.00%, 5/01/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">66,825</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">B-</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">385 </font></td>
<td><font size="2"><sup>3</sup></font></td>
<td align=left><font size="2">Rite Aid Corp., 6.125%, 12/15/08</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">371,525</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td COLSPAN='8' ><HR noshade size=1></td>
</tr>
<tr valign=top><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">3,128,625</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td COLSPAN='8' ><HR noshade size=1></td>
</tr>
</table>
<p align="center">1
<HR noshade size=4><PAGE><p><hr noshade size=3>
<font size="3"><b>BlackRock Global Floating Rate Income Trust (BGT) (continued)</b></font>
<hr noshade size=3>
<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr valign=top><td width="9%" align=center><font size="2"><font size="2"></font></font></td>
<td width="2%">&nbsp;</td>
<td width="9%" align=center><font size="2"><b>Principal</b></font></td>
<td width="3%">&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td align=center><font size="2"><b>&nbsp;</b></font></td>
<td width="2%">&nbsp;</td>
<td width="9%" align=center><font size="2"></font></td>

<td width="2%">&nbsp;</td>
  </tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2"><b>&nbsp;</b></font></td>
<td>&nbsp;</td>
<td align=center><font size="2"><b>Amount</b></font></td>
<td>&nbsp;</td>
<td align=center><font size="2"><b>&nbsp;</b></font></td>
<td>&nbsp;</td>
<td align=center><font size="2"></font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2"><b>Rating</b><sup><b>1</b></sup></font></td>
<td>&nbsp;</td>
<td align=center><font size="2"><b>(000)</b></font></td>
<td>&nbsp;</td>
<td align=center><font size="2"><b>Description</b></font></td>
<td>&nbsp;</td>
<td align=center><font size="2"><b>Value</b></font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td COLSPAN='8' ><HR noshade size=1><tr valign=top><td align=center><font size="2"><font size="2"></font></font></td>
<td>&nbsp;</td>
<td align=right><font size="2"><b>&nbsp;</b></font></td>
<td>&nbsp;&nbsp;&nbsp;</td>
<td align=left><font size="2"><b>Containers &amp; Packaging&#151;0.0%</b></font></td>
<td>&nbsp;</td>
<td align=right><font size="2"></font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2"><font size="2">B2</font></font></td>
<td>&nbsp;</td>
<td align=right><font size="2">$&nbsp;&nbsp;&nbsp;&nbsp; 150</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Smurfit-Stone Container Enterprises,
Inc., 9.75%, 2/01/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">$&nbsp;&nbsp;&nbsp;&nbsp; 154,500</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td COLSPAN='8' ><HR noshade size=1></td>
</tr>
<tr valign=top><td align=center><font size="2"><b><font size="2">&nbsp;</font></b></font></td>
<td>&nbsp;</td>
<td align=right><font size="2"><b>&nbsp;</b></font></td>
<td>&nbsp;</td>
<td align=left><font size="2"><b>Ecological Services &amp; Equipment&#151;0.1%</b></font></td>
<td>&nbsp;</td>
<td align=right></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2"><font size="2">BB-</font></font></td>
<td>&nbsp;</td>
<td align=right><font size="2">625</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Allied Waste NA, Inc., 5.75%, 2/15/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">592,188</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td COLSPAN='8' ><HR noshade size=1></td>
</tr>
<tr valign=top><td align=center><font size="2"><b><font size="2">&nbsp;</font></b></font></td>
<td>&nbsp;</td>
<td align=right><font size="2"><b>&nbsp;</b></font></td>
<td>&nbsp;</td>
<td align=left><font size="2"><b>Energy&#151;8.0%</b></font></td>
<td>&nbsp;</td>
<td align=right></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2"><font size="2">BB-</font></font></td>
<td>&nbsp;</td>
<td align=right><font size="2">750 </font></td>
<td><font size="2"><sup>3</sup></font></td>
<td align=left><font size="2">AES Corp., 9.00%, 5/15/15</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">811,875</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">B1</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">130</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">ANR Pipeline Co., 9.625%, 11/01/21</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">159,575</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">B</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">80 </font></td>
<td><font size="2"><sup>3</sup></font></td>
<td align=left><font size="2">Chaparral Energy, Inc., 8.50%, 12/01/15</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">83,000</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">BB</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">70</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Compagnie Generale de Geophysique
SA, 7.50%, 5/15/15 (France)</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">72,100</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">B</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">375</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">El Paso Production Holding Co., 7.75%,
6/01/13</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">390,000</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">B1</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">750</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Foundation Pennsylvania Coal Co.,
7.25%, 8/01/14</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">757,500</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">BB+</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">14,430</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Gazprom OAO, 9.625%, 3/01/13 (Russia)</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">17,064,918</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">B-</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">730</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">KCS Energy, Inc., 7.125%, 4/01/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">726,350</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">B1</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">95</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">NRG Energy, Inc., 7.375%, 2/01/16</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">97,256</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Pemex Project Funding Master Trust,</font></td>
<td>&nbsp;</td>
<td align=right></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">BBB</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">800</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;9.375%, 12/02/08</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">870,000</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">Baa1</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">12,700 </font></td>
<td><font size="2"><sup>2</sup></font></td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;Ser. 15, 6.868%, 10/15/09</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">13,290,550</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Reliant Energy, Inc.,</font></td>
<td>&nbsp;</td>
<td align=right></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">B</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">180</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;6.75%, 12/15/14</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">160,200</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">B</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">750</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;9.25%, 7/15/10</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">751,875</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">B2</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">300</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Whiting Petroleum Corp., 7.25%, 5/01/13</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">299,250</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">B+</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">590</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Williams Cos., Inc., 8.75%, 3/15/32</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">688,825</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td COLSPAN='8' ><HR noshade size=1></td>
</tr>
<tr valign=top><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">36,223,274</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td COLSPAN='8' ><HR noshade size=1></td>
</tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2"><b><font size="2">&nbsp;</font></b></font></td>
<td>&nbsp;</td>
<td align=right><font size="2"><b>&nbsp;</b></font></td>
<td>&nbsp;</td>
<td align=left><font size="2"><b>Entertainment &amp; Leisure&#151;0.1%</b></font></td>
<td>&nbsp;</td>
<td align=right></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2"><font size="2">B3</font></font></td>
<td>&nbsp;</td>
<td align=right><font size="2">155 </font></td>
<td><font size="2"><sup>3</sup></font></td>
<td align=left><font size="2">Greektown Holdings LLC, 10.75%, 12/01/13</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">158,487</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">BB</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">275</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">MGM Mirage, 5.875%, 2/27/14</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">258,500</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">B</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">25</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Poster Financial Group, Inc., 8.75%,
12/01/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">26,313</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">B+</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">40 </font></td>
<td><font size="2"><sup>3</sup></font></td>
<td align=left><font size="2">San Pasqual Casino, 8.00%, 9/15/13</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">40,400</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">B+</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">20</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Wynn Las Vegas LLC/Wynn Las Vegas
Capital Corp., 6.625%, 12/01/14</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">19,550</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td COLSPAN='8' ><HR noshade size=1></td>
</tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">503,250</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td COLSPAN='8' ><HR noshade size=1></td>
</tr>
<tr valign=top><td align=center><font size="2"><b><font size="2">&nbsp;</font></b></font></td>
<td>&nbsp;</td>
<td align=right><font size="2"><b>&nbsp;</b></font></td>
<td>&nbsp;</td>
<td align=left><font size="2"><b>Financial Institutions&#151;3.6%</b></font></td>
<td>&nbsp;</td>
<td align=right></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2"><font size="2">B+</font></font></td>
<td>&nbsp;</td>
<td align=right><font size="2">93</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">AES Ironwood LLC, 8.857%, 11/30/25</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">104,280</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">Ba3</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,000</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Alrosa Finance Ltd., 8.125%, 5/06/08
(Luxembourg)</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,092,500</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">BB</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">140</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">American Real Estate Partners LP/American
Real Estate Finance Corp., 7.125%, 2/15/13</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">137,900</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">BB</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">750</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Crum &amp; Forster Holdings Corp.,
10.375%, 6/15/13</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">768,750</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">BB-</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">60</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Ford Motor Credit Co., 7.25%, 10/25/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">53,939</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">BB</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">3,000 </font></td>
<td><font size="2"><sup>2</sup></font></td>
<td align=left><font size="2">General Motors Acceptance Corp.,
5.968%, 1/16/07</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,959,675</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">BB+</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">5,455</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Kazkommerts Intl. BV, 8.50%, 4/16/13
(Netherlands)</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">5,805,211</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">BB+</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">3,000 </font></td>
<td><font size="2"><sup>3</sup></font></td>
<td align=left><font size="2">Kazkommertsbank Intl. BV, 8.50%,
4/16/13 (Netherlands)</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">3,150,000</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">BBB</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">25 </font></td>
<td><font size="2"><sup>2</sup></font></td>
<td align=left><font size="2">Marsh &amp; McLennan Cos., Inc.,
5.19%, 7/13/07</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">24,917</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">B+</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">750 </font></td>
<td><font size="2"><sup>3</sup></font></td>
<td align=left><font size="2">Rainbow National Services LLC, 8.75%,
9/01/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">798,750</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">B-</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">300 </font></td>
<td><font size="2"><sup>2</sup></font></td>
<td align=left><font size="2">Universal City Florida Holding Co.
I/II, 9.43%, 5/01/10</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">306,000</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td COLSPAN='8' ><HR noshade size=1></td>
</tr>
<tr valign=top><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">16,201,922</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td COLSPAN='8' ><HR noshade size=1></td>
</tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2"><b><font size="2">&nbsp;</font></b></font></td>
<td>&nbsp;</td>
<td align=right><font size="2"><b>&nbsp;</b></font></td>
<td>&nbsp;</td>
<td align=left><font size="2"><b>Health Care&#151;0.3%</b></font></td>
<td>&nbsp;</td>
<td align=right></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2"><font size="2">B</font></font></td>
<td>&nbsp;</td>
<td align=right><font size="2">280 </font></td>
<td><font size="2"><sup>3</sup></font></td>
<td align=left><font size="2">Angiotech Pharmaceuticals, Inc.,
7.75%, 4/01/14 (Canada)</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">281,400</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">NR</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">10 </font></td>
<td><font size="2"><sup>4</sup></font></td>
<td align=left><font size="2">Curative Health Services, Inc., 10.75%,
5/01/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">5,800</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">B-</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">75</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Select Medical Corp., 7.625%, 2/01/15</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">67,688</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">B</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">70</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Tenet Healthcare Corp., 6.875%, 11/15/31</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">55,825</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">B-</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">830</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Universal Hospital Services, Inc.,
10.125%, 11/01/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">859,050</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td COLSPAN='8' ><HR noshade size=1></td>
</tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,269,763</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td COLSPAN='8' ><HR noshade size=1></td>
</tr>
<tr valign=top><td align=center><font size="2"><b><font size="2">&nbsp;</font></b></font></td>
<td>&nbsp;</td>
<td align=right><font size="2"><b>&nbsp;</b></font></td>
<td>&nbsp;</td>
<td align=left><font size="2"><b>Industrials&#151;0.4%</b></font></td>
<td>&nbsp;</td>
<td align=right></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2"><font size="2">B-</font></font></td>
<td>&nbsp;</td>
<td align=right><font size="2">180</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">NationsRent Cos., Inc., 9.50%, 5/01/15</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">195,075</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">CCC+</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">325</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Park-Ohio Industries, Inc., 8.375%,
11/15/14</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">307,938</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">B3</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">210 </font></td>
<td><font size="2"><sup>3</sup></font></td>
<td align=left><font size="2">Sunstate Equipment Co. LLC, 10.50%,
4/01/13</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">222,600</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">CCC+</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">445</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Trimas Corp., 9.875%, 6/15/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">392,712</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">B</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">750</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">United Rentals NA, Inc., 7.00%, 2/15/14</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">720,000</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td COLSPAN='8' ><HR noshade size=1></td>
</tr>
<tr valign=top><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,838,325</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td COLSPAN='8' ><HR noshade size=1></td>
</tr>
</table>
<p align="center">2
<HR noshade size=4><PAGE><p><hr noshade size=3>
<font size="3"><b>BlackRock Global Floating Rate Income Trust (BGT) (continued)</b></font>
<hr noshade size=3>
<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr valign=top><td width="9%" align=center><font size="2"><font size="2"></font></font></td>
<td width="2%">&nbsp;</td>
<td width="9%" align=center><font size="2"><b>Principal</b></font></td>
<td width="3%">&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td align=center><font size="2"><b>&nbsp;</b></font></td>
<td width="2%">&nbsp;</td>
<td width="9%" align=center><font size="2"></font></td>

<td width="2%">&nbsp;</td>
  </tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2"><b>&nbsp;</b></font></td>
<td>&nbsp;</td>
<td align=center><font size="2"><b>Amount</b></font></td>
<td>&nbsp;</td>
<td align=center><font size="2"><b>&nbsp;</b></font></td>
<td>&nbsp;</td>
<td align=center><font size="2"></font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2"><b>Rating</b><sup><b>1</b></sup></font></td>
<td>&nbsp;</td>
<td align=center><font size="2"><b>(000)</b></font></td>
<td>&nbsp;</td>
<td align=center><font size="2"><b>Description</b></font></td>
<td>&nbsp;</td>
<td align=center><font size="2"><b>Value</b></font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td COLSPAN='8' ><HR noshade size=1><tr valign=top><td align=center><font size="2"><font size="2"></font></font></td>
<td>&nbsp;</td>
<td align=right><font size="2"><b>&nbsp;</b></font></td>
<td>&nbsp;</td>
<td align=left><font size="2"><b>Media&#151;0.6%</b></font></td>
<td>&nbsp;</td>
<td align=right><font size="2"></font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2"><font size="2">B+</font></font></td>
<td>&nbsp;</td>
<td align=right><font size="2">$   100<sup> </sup></font></td>
<td><font size="2"><sup>2,5</sup></font></td>
<td align=left><font size="2">Cablevision Systems Corp., 9.62%,
4/01/09</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">$ &nbsp;&nbsp;&nbsp;&nbsp; 105,250</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Charter Communications Holdings II,
LLC/Charter Communications Holdings II Capital Corp., </font></td>
<td>&nbsp;</td>
<td align=right><font size="2"></font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">CCC-</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">45 </font></td>
<td><font size="2"><sup>3</sup></font></td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;10.25%, 9/15/10</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">44,100</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">CCC-</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">780</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;10.25%, 9/15/10</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">768,300</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">B+</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">120</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">CSC Holdings, Inc., 7.875%, 12/15/07</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">122,700</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Echostar DBS Corp.,</font></td>
<td>&nbsp;</td>
<td align=right><font size="2"></font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">BB-</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">750</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;6.375%, 10/01/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">734,062</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">BB-</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">300 </font></td>
<td><font size="2"><sup>3</sup></font></td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;7.125%, 2/01/16</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">294,750</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">B2</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">80 </font></td>
<td><font size="2"><sup>3</sup></font></td>
<td align=left><font size="2">Network Communications, Inc., 10.75%,
12/01/13</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">81,400</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">B3</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">70</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Nexstar Finance, Inc., 7.00%, 1/15/14</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">66,150</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">B2</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">350 </font></td>
<td><font size="2"><sup>2,3</sup></font></td>
<td align=left><font size="2">Paxson Communications Corp., 8.318%,
1/15/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">352,625</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">B</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">250 </font></td>
<td><font size="2"><sup>3</sup></font></td>
<td align=left><font size="2">R.H. Donnelley Corp., 8.875%, 1/15/16</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">260,000</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">CCC+</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">100 </font></td>
<td><font size="2"><sup>3</sup></font></td>
<td align=left><font size="2">Unity Media GmbH, 10.375%, 2/15/15
(Germany)</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">104,000</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td COLSPAN='8' ><HR noshade size=1></td>
</tr>
<tr valign=top><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,933,337</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td COLSPAN='8' ><HR noshade size=1></td>
</tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2"><b><font size="2">&nbsp;</font></b></font></td>
<td>&nbsp;</td>
<td align=right><font size="2"><b>&nbsp;</b></font></td>
<td>&nbsp;</td>
<td align=left><font size="2"><b>Real Estate&#151;1.3%</b></font></td>
<td>&nbsp;</td>
<td align=right></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2"><font size="2">BB+</font></font></td>
<td>&nbsp;</td>
<td align=right><font size="2">6,350</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Rouse Co., 5.375%, 11/26/13</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">5,943,610</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td COLSPAN='8' ><HR noshade size=1></td>
</tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2"><b><font size="2">&nbsp;</font></b></font></td>
<td>&nbsp;</td>
<td align=right><font size="2"><b>&nbsp;</b></font></td>
<td>&nbsp;</td>
<td align=left><font size="2"><b>Technology&#151;0.8%</b></font></td>
<td>&nbsp;</td>
<td align=right></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2"><font size="2">BBB-</font></font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,500 </font></td>
<td><font size="2"><sup>2</sup></font></td>
<td align=left><font size="2">Freescale Semiconductor, Inc., 7.818%,
7/15/09</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,533,750</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">B+</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,875 </font></td>
<td><font size="2"><sup>2</sup></font></td>
<td align=left><font size="2">MagnaChip Semiconductor SA/MagnaChip
Semiconductor Finance Co., 8.16%, 12/15/11 (Luxembourg)</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,898,437</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">B-</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">250 </font></td>
<td><font size="2"><sup>2,3</sup></font></td>
<td align=left><font size="2">Sungard Data Systems, Inc., 9.431%,
8/15/13</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">262,500</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">B</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">140</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Superior Essex Communications LLC/Essex
Group, Inc., 9.00%, 4/15/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">141,050</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td COLSPAN='8' ><HR noshade size=1></td>
</tr>
<tr valign=top><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">3,835,737</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td COLSPAN='8' ><HR noshade size=1></td>
</tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2"><b><font size="2">&nbsp;</font></b></font></td>
<td>&nbsp;</td>
<td align=right><font size="2"><b>&nbsp;</b></font></td>
<td>&nbsp;</td>
<td align=left><font size="2"><b>Telecommunications&#151;1.8%</b></font></td>
<td>&nbsp;</td>
<td align=right></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2"><font size="2">B1</font></font></td>
<td>&nbsp;</td>
<td align=right><font size="2">810</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Cincinnati Bell, Inc., 7.25%, 7/15/13</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">836,325</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Dobson Cellular Systems, Inc.,</font></td>
<td>&nbsp;</td>
<td align=right></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">B1</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">350</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;8.375%, 11/01/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">370,125</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">B1</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">325 </font></td>
<td><font size="2"><sup>2</sup></font></td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;9.43%, 11/01/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">336,375</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">B3</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">115 </font></td>
<td><font size="2"><sup>2,3</sup></font></td>
<td align=left><font size="2">Hawaiian Telcom Communications, Inc.,
9.948%, 5/01/13</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">113,275</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">B</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">75</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Intelsat Ltd., 5.25%, 11/01/08 (Bermuda)</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">70,688</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Intelsat Subsidiary Holding Co. Ltd.
(Bermuda)</font></td>
<td>&nbsp;</td>
<td align=right></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">B+</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">50</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;8.25%, 1/15/13</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">50,875</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">B+</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">200</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;8.625%, 1/15/15 </font></td>
<td>&nbsp;</td>
<td align=right><font size="2">207,000</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">B+</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">485 </font></td>
<td><font size="2"><sup>2</sup></font></td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;9.614%, 1/15/12 </font></td>
<td>&nbsp;</td>
<td align=right><font size="2">495,912</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">B</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,350 </font></td>
<td><font size="2"><sup>2</sup></font></td>
<td align=left><font size="2">Qwest Communications Intl., Inc.,
8.249%, 2/15/09</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,397,000</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">BB+</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,500 </font></td>
<td><font size="2"><sup>2</sup></font></td>
<td align=left><font size="2">Qwest Corp., 8.16%, 6/15/13</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,737,500</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">BB</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">400 </font></td>
<td><font size="2"><sup>2</sup></font></td>
<td align=left><font size="2">Rogers Wireless Communications, Inc.,
8.035%, 12/15/10 (Canada)</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">411,000</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">B-</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">150 </font></td>
<td><font size="2"><sup>3</sup></font></td>
<td align=left><font size="2">Wind Acquisition Finance SA, 10.75%,
12/01/15 (Luxembourg)</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">161,437</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td COLSPAN='8' ><HR noshade size=1></td>
</tr>
<tr valign=top><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">8,187,512</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td COLSPAN='8' ><HR noshade size=1></td>
</tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2"><b><font size="2">&nbsp;</font></b></font></td>
<td>&nbsp;</td>
<td align=right><font size="2"><b>&nbsp;</b></font></td>
<td>&nbsp;</td>
<td align=left><font size="2"><b>Transportation&#151;0.3%</b></font></td>
<td>&nbsp;</td>
<td align=right></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2"><font size="2">B1</font></font></td>
<td>&nbsp;</td>
<td align=right><font size="2">30 </font></td>
<td><font size="2"><sup>3</sup></font></td>
<td align=left><font size="2">Hertz Corp., 8.875%, 1/01/14</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">31,200</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">B3</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">315</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Horizon Lines LLC, 9.00%, 11/01/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">333,113</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">B+</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">750</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">OMI Corp., 7.625%, 12/01/13 (Marshall
Island)</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">765,000</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td COLSPAN='8' ><HR noshade size=1></td>
</tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,129,313</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td COLSPAN='8' ><HR noshade size=1></td>
</tr>
<tr valign=top><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Total Corporate Bonds</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">92,163,717</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td COLSPAN='8' ><HR noshade size=1></td>
</tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2"><b><font size="2">&nbsp;</font></b></font></td>
<td>&nbsp;</td>
<td align=right><font size="2"><b>&nbsp;</b></font></td>
<td>&nbsp;</td>
<td align=left><font size="2"><b>Bank Loans&#151;109.5%</b></font></td>
<td>&nbsp;</td>
<td align=right></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2"><b>&nbsp;</b></font></td>
<td>&nbsp;</td>
<td align=right><font size="2"><b>&nbsp;</b></font></td>
<td>&nbsp;</td>
<td align=left><font size="2"><b>Aerospace &amp; Defense&#151;1.8%</b></font></td>
<td>&nbsp;</td>
<td align=right></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2"><font size="2">&nbsp;</font></font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,955</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Caci Intl., Inc., LIBOR + 1.50%,
5/03/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,980,743</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">968</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Camp Acquisition Co., Loan A, LIBOR
+ 3.25%, 8/30/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">970,161</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">993</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Dyncorp International LLC, Loan B,
LIBOR + 2.75%, 2/11/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,004,492</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,000</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">MRO Acquisition LLC, LIBOR + 5.25%,
8/15/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,030,000</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">826</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Standard Aero Holdings, Inc., LIBOR
+ 2.25%, 8/20/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">824,662</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">493</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">US Investigations Services LLC, Loan
B, LIBOR + 2.50%, 10/14/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">498,849</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td COLSPAN='8' ><HR noshade size=1></td>
</tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">8,308,907</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td COLSPAN='8' ><HR noshade size=1></td>
</tr>
</table>
<p align="center">3
<HR noshade size=4><PAGE><p><hr noshade size=3>
<font size="3"><b>BlackRock Global Floating Rate Income Trust (BGT) (continued)</b></font>
<hr noshade size=3>
<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr valign=top><td width="9%" align=center><font size="2"><font size="2"></font></font></td>
<td width="2%">&nbsp;</td>
<td width="9%" align=center><font size="2"><b>Principal</b></font></td>
<td width="3%">&nbsp;</td>
<td align=center><font size="2"><b>&nbsp;</b></font></td>
<td width="2%">&nbsp;</td>
<td width="9%" align=center><font size="2"></font></td>

<td width="2%">&nbsp;</td>
  </tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2"><b>&nbsp;</b></font></td>
<td>&nbsp;</td>
<td align=center><font size="2"><b>Amount</b></font></td>
<td>&nbsp;</td>
<td align=center><font size="2"><b>&nbsp;</b></font></td>
<td>&nbsp;</td>
<td align=center><font size="2"></font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2"><b>Rating</b><sup><b>1</b></sup></font></td>
<td>&nbsp;</td>
<td align=center><font size="2"><b>(000)</b></font></td>
<td>&nbsp;</td>
<td align=center><font size="2"><b>Description</b></font></td>
<td>&nbsp;</td>
<td align=center><font size="2"><b>Value</b></font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td COLSPAN='8' ><HR noshade size=1><tr valign=top><td align=center><font size="2"><font size="2"></font></font></td>
<td>&nbsp;</td>
<td align=right><font size="2"><b>&nbsp;</b></font></td>
<td>&nbsp;</td>
<td align=left><font size="2"><b>Automotive&#151;2.9%</b></font></td>
<td>&nbsp;</td>
<td align=right><font size="2"></font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2"><font size="2">&nbsp;</font></font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Goodyear Tire &amp; Rubber Co.,</font></td>
<td>&nbsp;</td>
<td align=right><font size="2"></font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">$&nbsp;&nbsp;&nbsp;&nbsp; 500</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;LIBOR + 2.75%, 4/30/10</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">$&nbsp;&nbsp;&nbsp;&nbsp; 506,771</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,000</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;LIBOR + 3.50%, 4/01/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,013,542</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">750</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">IAP Worldwide Services, Inc., LIBOR
+ 3.00%, 12/30/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">757,500</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">500</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Keystone Automotive, Inc., Loan C,
LIBOR + 2.50%, 10/30/10</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">501,250</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">926</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Metaldyne Co. LLC, Loan D, LIBOR
+ 4.50%, 12/31/09</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">942,485</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,750</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Polar Corp., LIBOR, 6/15/10</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,767,500</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">501</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Precision Parts Intl., Loan B, LIBOR
+ 3.75%, 10/01/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">501,250</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,249</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Progressive Moulded Products Ltd.,
Loan B, LIBOR + 4.50%, 8/16/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,031,458</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,993</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">TI Group Automotive Systems, Loan
C, LIBOR + 3.25%, 6/30/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,925,854</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">TRW Automotive Acquisitions Corp.,</font></td>
<td>&nbsp;</td>
<td align=right><font size="2"></font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">486</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;Loan B, LIBOR + 1.50%, 6/30/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">487,349</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,481</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;Loan E, LIBOR + 1.50%, 10/31/10</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,493,036</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td COLSPAN='8' ><HR noshade size=1></td>
</tr>
<tr valign=top><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">12,927,995</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td COLSPAN='8' ><HR noshade size=1></td>
</tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2"><b><font size="2">&nbsp;</font></b></font></td>
<td>&nbsp;</td>
<td align=right><font size="2"><b>&nbsp;</b></font></td>
<td>&nbsp;</td>
<td align=left><font size="2"><b>Basic Materials&#151;13.0%</b></font></td>
<td>&nbsp;</td>
<td align=right></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2"><font size="2">&nbsp;</font></font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,709</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Appleton Papers, Inc., LIBOR + 2.25%,
6/11/10</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,734,328</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Basell NV,</font></td>
<td>&nbsp;</td>
<td align=right></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">500</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;Loan B2, LIBOR + 2.50%, 9/07/13</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">508,125</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">500</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;Loan C2, LIBOR + 3.00%, 9/07/14</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">508,125</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">995</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Berry Plastics Corp., LIBOR + 2.00%,
12/02/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,008,474</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,829</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Boise Cascade Corp., Loan D, LIBOR
+ 1.75%, 10/29/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,851,829</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Brenntag Group,</font></td>
<td>&nbsp;</td>
<td align=right></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,000</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;LIBOR + 2.50%, 1/17/14</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,028,500</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,000</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;LIBOR + 6.50%, 7/17/15</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,007,500</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">791</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Buckeye Technologies, Inc., LIBOR
+ 2.00%, 3/15/08</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">791,709</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">3,588</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Celanese AG, LIBOR + 2.00%, 4/06/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">3,639,032</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,000</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Cognis Deutschland, LIBOR + 4.75%,
11/15/13</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,040,834</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">971</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Compass Minerals Group, Inc., LIBOR
+ 1.50%, 12/22/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">977,197</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,426</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Foundation Coal Corp., Loan B, LIBOR
+ 1.75%, 7/30/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,446,024</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">988</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Hercules, Inc., Loan B, LIBOR + 1.50%,
10/08/10</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">994,226</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">7,195</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Huntsman Intl. LLC, Loan B, LIBOR
+ 1.75%, 8/16/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">7,238,093</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Ineos Group Ltd.,</font></td>
<td>&nbsp;</td>
<td align=right></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,250</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;Loan A4, LIBOR + 2.25%, 12/16/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,272,500</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,750</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;Loan B2, LIBOR + 2.25%, 12/16/13</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,763,155</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,750</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;Loan C2, LIBOR + 2.75%, 12/16/13</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,775,156</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">3,780</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Innophos, Inc., 0.50%, 8/13/10</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">3,828,826</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Invista B.V.,</font></td>
<td>&nbsp;</td>
<td align=right></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,477</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;Loan B1, LIBOR + 1.75%, 4/29/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,504,474</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,259</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;Loan B2, LIBOR + 1.75%, 4/29/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,265,236</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,000</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">ISP Chemco, Inc., LIBOR + 1.75%,
2/16/13</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,021,072</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">750</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">John Maneely Co., TBD</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">762,188</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">220</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Kraton Polymers LLC, LIBOR + 2.50%,
12/23/10</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">222,887</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">5,831</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Nalco Co., Loan B, PRIME + 0.75%,
11/04/10</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">5,889,025</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">496</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">PQ Corp., LIBOR + 2.00%, 2/11/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">503,073</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">499</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Pregis Corp., Loan B2, LIBOR + 2.50%,
10/12/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">607,432</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">938</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Professional Paint, Inc., LIBOR +
2.75%, 9/30/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">944,531</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">4,333</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Rockwood Specialties Group, Inc.,
Loan E, LIBOR + 2.00%, 12/13/13</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">4,387,955</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">3,000</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">UPC Distribution Corp., Loan H1,
LIBOR + 2.75%, 9/30/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">3,637,366</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td COLSPAN='8' ><HR noshade size=1></td>
</tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">59,158,872</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td COLSPAN='8' ><HR noshade size=1></td>
</tr>
<tr valign=top><td align=center><font size="2"><b><font size="2">&nbsp;</font></b></font></td>
<td>&nbsp;</td>
<td align=right><font size="2"><b>&nbsp;</b></font></td>
<td>&nbsp;</td>
<td align=left><font size="2"><b>Building &amp; Development&#151;2.7%</b></font></td>
<td>&nbsp;</td>
<td align=right></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2"><font size="2">&nbsp;</font></font></td>
<td>&nbsp;</td>
<td align=right><font size="2">242</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Atrium Cos., Inc., LIBOR + 3.25%,
12/28/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">243,160</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">500</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Contech Construction Products, Inc.,
LIBOR + 2.00%, 1/31/13</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">506,875</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,500</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Custom Building Products, Inc., LIBOR
+ 5.00%, 4/29/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,505,625</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">500</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Euramax Intl., Inc., LIBOR + 7.00%,
6/29/13</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">493,750</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,250</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Harmon Koval, 3.25%, 11/18/07</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,253,125</font></td>

<td>&nbsp;</td></tr>
</table>
<p align="center">4
<HR noshade size=4><PAGE><p><hr noshade size=3>
<font size="3"><b>BlackRock Global Floating Rate Income Trust (BGT) (continued)</b></font>
<hr noshade size=3>
<table width="100%" border="0" cellspacing="0" cellpadding="0"><tr valign=top><td width="9%" align=center><font size="2"><font size="2"></font></font></td>
<td width="2%">&nbsp;</td>
<td width="9%" align=center><font size="2"><b>Principal</b></font></td>
<td width="3%">&nbsp;</td>
<td align=center><font size="2"><b>&nbsp;</b></font></td>
<td width="2%">&nbsp;</td>
<td width="9%" align=center><font size="2"></font></td>

<td width="2%">&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2"><b>&nbsp;</b></font></td>
<td>&nbsp;</td>
<td align=center><font size="2"><b>Amount</b></font></td>
<td>&nbsp;</td>
<td align=center><font size="2"><b>&nbsp;</b></font></td>
<td>&nbsp;</td>
<td align=center><font size="2"></font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2"><b>Rating</b><sup><b>1</b></sup></font></td>
<td>&nbsp;</td>
<td align=center><font size="2"><b>(000)</b></font></td>
<td>&nbsp;</td>
<td align=center><font size="2"><b>Description</b></font></td>
<td>&nbsp;</td>
<td align=center><font size="2"><b>Value</b></font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td COLSPAN='8' ><HR noshade size=1><tr valign=top><td >&nbsp;</td>
<td>&nbsp;</td>
<td align=right><font size="2"><b>&nbsp;</b></font></td>
<td>&nbsp;</td>
<td align=left><font size="2"><b>Building &amp; Development&#151;(cont&#146;d)</b></font></td>
<td>&nbsp;</td>
<td align=right><font size="2"></font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">$ 2,000</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Landsource Communities Development
LLC, Loan B, LIBOR + 2.50%, 3/31/10</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">$&nbsp;&nbsp;&nbsp;&nbsp;2,007,500</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">985</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Nortek, Inc., Loan B, LIBOR + 2.00%,
8/27/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">993,619</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Ply Gem Industries, Inc.,</font></td>
<td>&nbsp;</td>
<td align=right><font size="2"></font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,641</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;TBD, 3/15/10</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,654,980</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">109</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;LIBOR, 8/15/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">110,332</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">975</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Rhodes Ranch, LIBOR + 3.25%, 11/21/10</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">979,875</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,500</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">United Subcontractors, Inc., LIBOR
+ 3.00%, 12/27/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,500,000</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td COLSPAN='8' ><HR noshade size=1></td>
</tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">12,248,841</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td COLSPAN='8' ><HR noshade size=1></td>
</tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2"><b>&nbsp;</b></font></td>
<td>&nbsp;</td>
<td align=right><font size="2"><b>&nbsp;</b></font></td>
<td>&nbsp;</td>
<td align=left><font size="2"><b>Business Equipment &amp; Services&#151;0.2%</b></font></td>
<td>&nbsp;</td>
<td align=right></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">990</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Latham Intl., LIBOR + 3.75%, 12/31/10</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,001,144</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td COLSPAN='8' ><HR noshade size=1></td>
</tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2"><b>&nbsp;</b></font></td>
<td>&nbsp;</td>
<td align=right><font size="2"><b>&nbsp;</b></font></td>
<td>&nbsp;</td>
<td align=left><font size="2"><b>Conglomerates&#151;6.7%</b></font></td>
<td>&nbsp;</td>
<td align=right></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Atlantis Plastics, Inc.,</font></td>
<td>&nbsp;</td>
<td align=right></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">993</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;LIBOR + 2.75%, 9/30/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,004,906</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">750</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;LIBOR + 7.25%, 9/30/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">755,625</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,500</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Blount Intl., TBD</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,511,250</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">5,000</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Colfax Intl., LIBOR + 2.25%, 11/30/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">6,081,969</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,757</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Fidelity National Information Solutions,
Inc., Loan B, LIBOR + 1.75%, 3/09/13</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,777,846</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">500</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Gentek, Inc., LIBOR + 5.75%, 3/15/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">501,875</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">3,448</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Honeywell Security, Loan B, LIBOR
+ 3.25%, 6/28/10</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">3,469,085</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Invensys Intl. Holdings Ltd.,</font></td>
<td>&nbsp;</td>
<td align=right></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,727</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;0.50%, 3/05/09</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,675,369</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,000</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;LIBOR + 4.75%, 11/30/09</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,042,500</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">558</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;Loan B1, LIBOR + 3.50%, 9/05/09</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">562,808</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Jarden Corp.,</font></td>
<td>&nbsp;</td>
<td align=right></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,540</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;PRIME + 1.00%, 1/24/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,555,602</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">500</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;Loan B2, PRIME + 0.75%, 1/24/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">503,000</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">483</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;Loan B3, PRIME, 1/24/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">486,219</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">462</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Lionbridge Technologies, Inc., LIBOR
+ 3.50%, 9/01/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">464,813</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">998</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Mueller Group, Inc., Loan B, LIBOR
+ 2.25%, 10/03/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,009,969</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">384</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Penn Engineering &amp; Manufacturing,
LIBOR + 2.50%, 5/25/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">387,881</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,439</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Polypore, Inc., LIBOR + 3.00%, 11/12/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,458,262</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">670</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Rexnord Corp., PRIME + 1.00%, 12/31/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">675,922</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,488</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Sungard Data Systems, Inc., Loan
B, LIBOR + 2.50%, 2/11/13</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,519,927</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td COLSPAN='8' ><HR noshade size=1></td>
</tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">30,444,828</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td COLSPAN='8' ><HR noshade size=1></td>
</tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2"><b>&nbsp;</b></font></td>
<td>&nbsp;</td>
<td align=right><font size="2"><b>&nbsp;</b></font></td>
<td>&nbsp;</td>
<td align=left><font size="2"><b>Consumer Products&#151;15.2%</b></font></td>
<td>&nbsp;</td>
<td align=right></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,000</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">24 Hour Fitness Worldwide, Inc.,
Loan B, LIBOR + 3.00%, 6/08/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,012,500</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">466</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Adams Outdoor Advertising LP, LIBOR
+ 2.00%, 10/18/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">472,345</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,000</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Aearo Technologies, TBD</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,036,875</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,985</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Alliance One International, Inc.,
Loan B, LIBOR + 3.50%, 5/13/10</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,004,850</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">497</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Arby&#146;s Restaurant Group, Inc.,
Loan B, LIBOR + 2.25%, 7/25/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">503,097</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Berkline Bench Craft,</font></td>
<td>&nbsp;</td>
<td align=right></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,000</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;LIBOR + 10.00%, 4/30/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,500,000</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,604</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;Loan B, LIBOR + 3.75%, 11/03/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,547,760</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,750</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Burger King Corp., Loan B, TBD, 6/30/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,765,468</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">940</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Carrols Corp., LIBOR + 2.50%, 12/31/10</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">953,219</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">497</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Centerplate, Inc., LIBOR + 3.25%,
10/01/10</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">500,603</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,000</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Central Garden &amp; Pet Co., Loan
B, LIBOR + 1.50%, 9/30/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,006,667</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">496</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Chiquita Brands Intl., Inc., Loan
B, TBD, 6/28/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">500,799</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,113</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">CKE Restaurants, Inc., LIBOR + 2.00%,
5/01/10</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,123,947</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Coinmach Corp.,</font></td>
<td>&nbsp;</td>
<td align=right></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">404</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;Loan B1, 1.25%, 12/19/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">409,393</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">596</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;Loan B1, PRIME + 1.50%, 12/19/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">605,190</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,731</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Commonwealth Brands, Inc., PRIME
+ 1.25%, 12/22/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,753,112</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,122</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Constellation Brands, Inc., Loan
B, LIBOR + 1.50%, 11/30/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,135,707</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">743</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Culligan Intl. Co., Loan B, LIBOR
+ 2.50%, 9/30/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">752,709</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">3,500</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Denny&#146;s Corp., LIBOR + 5.13%,
9/30/10</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">3,607,916</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,469</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Desa Intl., Inc., LIBOR + 5.00%,
12/30/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,444,932</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Eastman Kodak Co.,</font></td>
<td>&nbsp;</td>
<td align=right></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">368</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;Loan B1, LIBOR + 2.25%, 10/18/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">367,581</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">880</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;Loan B2, 1.50%, 10/18/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">889,880</font></td>

<td>&nbsp;</td></tr>
</table>
<p align="center">5
<HR noshade size=4><PAGE><p><hr noshade size=3>
<font size="3"><b>BlackRock Global Floating Rate Income Trust (BGT) (continued)</b></font>
<hr noshade size=3>
<table width="100%" border="0" cellspacing="0" cellpadding="0"><tr valign=top><td width="9%" align=center><font size="2"><font size="2"></font></font></td>
<td width="2%">&nbsp;</td>
<td width="9%" align=center><font size="2"><b>Principal</b></font></td>
<td width="3%">&nbsp;</td>
<td align=center><font size="2"><b>&nbsp;</b></font></td>
<td width="2%">&nbsp;</td>
<td width="9%" align=center><font size="2"></font></td>

<td width="2%">&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2"><b>&nbsp;</b></font></td>
<td>&nbsp;</td>
<td align=center><font size="2"><b>Amount</b></font></td>
<td>&nbsp;</td>
<td align=center><font size="2"><b>&nbsp;</b></font></td>
<td>&nbsp;</td>
<td align=center><font size="2"></font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2"><b>Rating</b><sup><b>1</b></sup></font></td>
<td>&nbsp;</td>
<td align=center><font size="2"><b>(000)</b></font></td>
<td>&nbsp;</td>
<td align=center><font size="2"><b>Description</b></font></td>
<td>&nbsp;</td>
<td align=center><font size="2"><b>Value</b></font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td COLSPAN='8' ><HR noshade size=1><tr valign=top><td >&nbsp;</td>
<td>&nbsp;</td>
<td align=right><font size="2"><b>&nbsp;</b></font></td>
<td>&nbsp;</td>
<td align=left><font size="2"><b>Consumer Products&#151;(cont&#146;d)</b></font></td>
<td>&nbsp;</td>
<td align=right><font size="2"></font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">$&nbsp;&nbsp;&nbsp;&nbsp; 1,500</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Eight O&#146;Clock Coffee, Loan B,
LIBOR + 3.00%, 11/14/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">$&nbsp;&nbsp;&nbsp;&nbsp;1,515,000</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">489</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Fender Musical Instruments Corp.,
LIBOR + 4.50%, 9/30/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">496,208</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">224</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Herbalife Intl., Inc., LIBOR + 1.75%,
12/20/10</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">226,210</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Hertz Corp.,</font></td>
<td>&nbsp;</td>
<td align=right><font size="2"></font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">174</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;1.13%, 12/21/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">175,524</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">745</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;LIBOR + 2.25%, 12/21/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">752,562</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">278</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;LIBOR + 2.50%, 12/21/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">281,357</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">684</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;PRIME + 1.25%, 12/21/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">692,813</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">748</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Knoll, Inc., LIBOR + 1.75%, 10/03/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">757,711</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">990</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Landry&#146;s Restaurants, Inc.,
Loan B, LIBOR + 1.75%, 12/28/10</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">999,900</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">741</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Language Line, Inc., Loan B, LIBOR
+ 4.25%, 6/10/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">744,190</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">575</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Le-Natures, Inc., Loan B, LIBOR +
3.00%, 6/23/10</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">575,001</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,917</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Maidenform, Inc., LIBOR + 1.75%,
5/11/10</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,921,458</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">996</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Mapco Express, Inc., PRIME + 1.75%,
4/28/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,009,926</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">500</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">MD Beauty, Inc., LIBOR + 7.00%, 2/18/13</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">506,250</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,554</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Movie Gallery, Inc., Loan B, LIBOR
+ 3.75%, 4/27/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,401,722</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,661</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Neiman-Marcus Group, Inc., LIBOR
+ 2.50%, 4/06/13</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,684,089</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,990</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">New Page, Loan B, LIBOR + 3.00%,
5/02/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,019,850</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">3,500</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Olympus Cable Holdings LLC, Loan
B, PRIME + 2.00%, 9/30/10</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">3,427,501</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">591</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Oreck Corp., Loan B, LIBOR + 2.75%,
1/27/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">598,395</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Oriental Trading Co., Inc.,</font></td>
<td>&nbsp;</td>
<td align=right><font size="2"></font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,500</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;LIBOR + 4.75%, 1/08/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,515,000</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,345</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;Loan B, LIBOR + 2.25%, 8/04/10</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,355,267</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">3,447</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">OSI Group LLC, LIBOR + 2.00%, 9/02/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">3,485,097</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">500</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Pantry, Inc., LIBOR + 1.75%, 1/02/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">505,625</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">903</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">PBM Products LLC, Loan B, LIBOR +
3.00%, 7/26/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">911,036</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,312</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Pierre Foods, Inc., Loan B, LIBOR
+ 1.75%, 6/30/10</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,335,625</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">750</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Pivotal Promontory LLC, LIBOR + 6.50%,
8/31/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">749,375</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,965</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Prestige Brands Holdings, Inc., Loan
B, LIBOR + 2.25%, 4/06/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,987,106</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,000</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Propex Fabrics, Inc., Loan B, LIBOR
+ 2.25%, 7/31/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,008,750</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">R.H. Donnelley Corp.,</font></td>
<td>&nbsp;</td>
<td align=right><font size="2"></font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">345</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;Loan A3, LIBOR + 1.75%, 12/31/09</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">347,618</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,163</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;Loan D, LIBOR + 1.75%, 6/30/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,178,909</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,500</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Roundy&#146;s Supermarkets, Inc.,
LIBOR + 3.00%, 11/03/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,518,750</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">923</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Spectrum Brands, Inc., Loan B, LIBOR
+ 2.50%, 2/06/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">933,788</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Synventive Acquisition, Inc.,</font></td>
<td>&nbsp;</td>
<td align=right><font size="2"></font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">804</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;LIBOR + 14.0%, 7/29/14</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">779,923</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">748</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;Loan B, LIBOR + 3.25%, 7/29/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">746,255</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">500</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Travelcenters of America, Inc., Loan
B, LIBOR + 1.75%, 12/01/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">504,625</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">948</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Tupperware Corp., LIBOR + 1.50%,
12/05/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">948,980</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">525</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Warnaco, Inc., Loan B, LIBOR + 1.50%,
1/31/13</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">525,656</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td COLSPAN='8' ><HR noshade size=1></td>
</tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">69,017,602</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td COLSPAN='8' ><HR noshade size=1></td>
</tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2"><b>&nbsp;</b></font></td>
<td>&nbsp;</td>
<td align=right><font size="2"><b>&nbsp;</b></font></td>
<td>&nbsp;</td>
<td align=left><font size="2"><b>Containers &amp; Packaging&#151;4.4%</b></font></td>
<td>&nbsp;</td>
<td align=right></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Covalence Specialty Materials Corp.,</font></td>
<td>&nbsp;</td>
<td align=right></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">200</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;LIBOR + 3.25%, 8/16/13</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">204,813</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">500</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;Loan B, LIBOR + 1.75%, 2/16/13</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">506,250</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">349</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Flexsol Packaging Corp., LIBOR +
3.25%, 11/30/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">349,606</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,500</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Georgia-Pacific Corp., LIBOR + 3.00%,
12/20/13</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,531,875</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Graham Packaging Co. LP,</font></td>
<td>&nbsp;</td>
<td align=right></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">5,687</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;Loan B, LIBOR + 2.25%, 10/07/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">5,757,975</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,000</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;Loan C, LIBOR + 4.25%, 4/07/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,042,500</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">3,425</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Graphic Packaging Intl., Inc., Loan
C, LIBOR + 2.50%, 8/08/10</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">3,476,054</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">499</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Ranpak Corp., Loan B, LIBOR + 2.50%,
12/14/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">502,491</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Smurfit-Stone Container Enterprises,
Inc.,</font></td>
<td>&nbsp;</td>
<td align=right></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">898</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;Loan B, LIBOR + 2.25%, 11/01/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">909,485</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">750</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;Loan B1, LIBOR + 2.50%, 2/15/14</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">918,544</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">750</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;Loan C1, LIBOR + 3.00%, 2/15/15</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">922,958</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,947</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Solo Cup, Inc., LIBOR + 2.50%, 2/27/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,975,613</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td COLSPAN='8' ><HR noshade size=1></td>
</tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">20,098,164</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td COLSPAN='8' ><HR noshade size=1></td>
</tr>
</table>
<p align="center">6
<HR noshade size=4><PAGE><p><hr noshade size=3>
<font size="3"><b>BlackRock Global Floating Rate Income Trust (BGT) (continued)</b></font>
<hr noshade size=3>
<table width="100%" border="0" cellspacing="0" cellpadding="0"><tr valign=top><td width="9%" align=center><font size="2"><font size="2"></font></font></td>
<td width="2%">&nbsp;</td>
<td width="9%" align=center><font size="2"><b>Principal</b></font></td>
<td width="3%">&nbsp;</td>
<td align=center><font size="2"><b>&nbsp;</b></font></td>
<td width="2%">&nbsp;</td>
<td width="9%" align=center><font size="2"></font></td>

<td width="2%">&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2"><b>&nbsp;</b></font></td>
<td>&nbsp;</td>
<td align=center><font size="2"><b>Amount</b></font></td>
<td>&nbsp;</td>
<td align=center><font size="2"><b>&nbsp;</b></font></td>
<td>&nbsp;</td>
<td align=center><font size="2"></font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2"><b>Rating</b><sup><b>1</b></sup></font></td>
<td>&nbsp;</td>
<td align=center><font size="2"><b>(000)</b></font></td>
<td>&nbsp;</td>
<td align=center><font size="2"><b>Description</b></font></td>
<td>&nbsp;</td>
<td align=center><font size="2"><b>Value</b></font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td COLSPAN='8' ><HR noshade size=1><tr valign=top><td >&nbsp;</td>
<td>&nbsp;</td>
<td align=right><font size="2"><b>&nbsp;</b></font></td>
<td>&nbsp;</td>
<td align=left><font size="2"><b>Ecological Services &amp; Equipment&#151;0.9%</b></font></td>
<td>&nbsp;</td>
<td align=right><font size="2"></font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">$ 1,913</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Allied Waste NA, Inc., LIBOR + 2.00%,
1/15/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">$&nbsp;&nbsp;&nbsp;&nbsp;1,920,941</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,000</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Envirosolutions, Inc., 2.00%, 3/01/09</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,025,000</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td COLSPAN='8' ><HR noshade size=1></td>
</tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">3,945,941</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td COLSPAN='8' ><HR noshade size=1></td>
</tr>
<tr valign=top><td align=left><font size="2"><b>&nbsp;</b></font></td>
<td>&nbsp;</td>
<td align=right><font size="2"><b>&nbsp;</b></font></td>
<td>&nbsp;</td>
<td align=left><font size="2"><b>Energy&#151;7.0%</b></font></td>
<td>&nbsp;</td>
<td align=right></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,500</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">AES Corp., LIBOR + 1.75%, 4/30/08</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,516,500</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,500</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Astoria Generating Co. Acquisitions
LLC, Loan B, LIBOR, 2/23/13</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,516,719</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Boart Longyear Co.,</font></td>
<td>&nbsp;</td>
<td align=right></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,497</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;LIBOR + 3.00%, 7/28/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,518,694</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">500</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;LIBOR + 7.00%, 1/28/13</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">507,500</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">996</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Cellnet Technology, Inc., Loan B,
LIBOR + 3.00%, 4/26/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,008,681</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,496</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Coffeyville Resources LLC, LIBOR
+ 2.50%, 6/24/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,513,733</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">430</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Cogentrix Delaware Holdings, Inc.,
LIBOR + 1.75%, 4/14/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">434,419</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">500</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Coleto Creek Power, Loan C1, LIBOR
+ 2.00%, 6/30/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">503,125</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">250</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Complete Production Services, Inc.,
Loan B, PRIME + 1.50%, 9/12/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">252,492</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,975</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">El Paso Corp., 0.50%, 11/30/07</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,999,138</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,500</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Key Energy Services, Inc., Loan B,
LIBOR + 3.25%, 6/30/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,520,000</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">478</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Mainline LP, LIBOR + 2.38%, 12/17/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">480,167</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">443</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">MGG Holdings, LIBOR + 2.00%, 6/30/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">447,058</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,000</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Mirant NA LLC, Loan B, LIBOR + 1.75%,
1/03/13</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,008,036</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">8,000</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">NRG Energy, LIBOR + 2.00%, 2/01/13</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">8,094,963</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,250</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Petro Geological Services, Loan B,
LIBOR + 2.50%, 12/16/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,264,062</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">389</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Petrohawk, PRIME + 3.50%, 7/31/10</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">393,750</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,000</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Plum Point Energy Associates, TBD</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,008,750</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Reliant Energy, Inc.,</font></td>
<td>&nbsp;</td>
<td align=right></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,997</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;LIBOR + 2.38%, 4/30/10</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,991,659</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">998</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;LIBOR + 2.38%, 9/30/10</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">999,786</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Semcrude LP,</font></td>
<td>&nbsp;</td>
<td align=right></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">690</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;LIBOR + 2.50%, 3/16/11 (CND)</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">689,570</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,442</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;LIBOR + 2.50%, 3/16/11 (USD)</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,442,141</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Wolf Hollow I LP,</font></td>
<td>&nbsp;</td>
<td align=right></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">100</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;0.50%, 6/22/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">100,938</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">500</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;LIBOR, 12/15/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">508,750</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">400</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;LIBOR + 2.25%, 6/22/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">403,938</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">500</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;Loan B, LIBOR + 2.25%, 6/22/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">504,687</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td COLSPAN='8' ><HR noshade size=1></td>
</tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">31,629,256</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td COLSPAN='8' ><HR noshade size=1></td>
</tr>
<tr valign=top><td align=left><font size="2"><b>&nbsp;</b></font></td>
<td>&nbsp;</td>
<td align=right><font size="2"><b>&nbsp;</b></font></td>
<td>&nbsp;</td>
<td align=left><font size="2"><b>Entertainment &amp; Leisure&#151;7.8%</b></font></td>
<td>&nbsp;</td>
<td align=right></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">995</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Blockbuster Entertainment Corp.,
Loan B, LIBOR + 4.00%, 8/20/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">975,203</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,970</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Boyd Gaming Corp., Loan B, LIBOR
+ 1.50%, 6/30/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,990,110</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">3,237</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">CCM Merger, Inc., Loan B, LIBOR +
2.00%, 7/13/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">3,260,315</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,000</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Century Theatres, LIBOR + 1.88%,
3/01/13</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,011,250</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,000</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Greektown Casino LLC, Loan B, LIBOR
+ 2.50%, 12/03/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,027,500</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,500</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Hallmark Entertainment LLC, Loan
B, LIBOR + 2.50%, 12/31/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,531,250</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,493</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Hit Entertainment Ltd., LIBOR + 2.25%,
3/20/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,501,455</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Hollywood Theaters, Inc.,</font></td>
<td>&nbsp;</td>
<td align=right></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,723</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;LIBOR + 3.25%, 7/31/09</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,736,678</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,500</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;LIBOR + 7.00%, 1/31/10</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,518,750</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,485</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Kerasotes Theatres, Inc., Loan B,
LIBOR + 2.50%, 10/31/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,491,188</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">5,000</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Metro-Goldwyn-Mayer Studios, Inc.,
Loan B, LIBOR + 2.25%, 4/08/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">5,059,375</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">998</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Penn National Gaming, Inc., Loan
B, LIBOR + 1.75%, 10/03/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,009,969</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">750</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Riverside Casino &amp; Golf Resort
LLC, Loan B, LIBOR + 4.00%, 11/30/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">750,000</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">991</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Universal City Development Partners
LP, Loan B, LIBOR + 2.00%, 6/09/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,001,962</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,500</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Venetian Casino Resorts LLC, Loan
B, LIBOR + 1.75%, 6/15/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,515,000</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Wembley, Inc.,</font></td>
<td>&nbsp;</td>
<td align=right></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">995</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;LIBOR + 2.00%, 8/23/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,009,925</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">500</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;LIBOR + 3.75%, 8/23/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">508,125</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,099</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Wyndham Intl., Inc., Loan E, LIBOR
+ 4.50%, 9/11/07</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,099,350</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">4,000</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Wynn Las Vegas LLC, 1.00%, 12/14/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">4,038,332</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">484</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Yellowstone Mountain Club, LIBOR
+ 2.38%, 9/30/10</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">485,210</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td COLSPAN='8' ><HR noshade size=1></td>
</tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">35,520,947</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td COLSPAN='8' ><HR noshade size=1></td>
</tr>
</table>
<p>
<p align="center">
7
<HR noshade size=4><PAGE><p><hr noshade size=3>
<font size="3"><b>BlackRock Global Floating Rate Income Trust (BGT) (continued)</b></font>
<hr noshade size=3>
<table width="100%" border="0" cellspacing="0" cellpadding="0"><tr valign=top><td width="9%" align=center><font size="2"><font size="2"></font></font></td>
<td width="2%">&nbsp;</td>
<td width="9%" align=center><font size="2"><b>Principal</b></font></td>
<td width="3%">&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td align=center><font size="2"><b>&nbsp;</b></font></td>
<td width="2%">&nbsp;</td>
<td width="9%" align=center><font size="2"></font></td>

<td width="2%">&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2"><b>&nbsp;</b></font></td>
<td>&nbsp;</td>
<td align=center><font size="2"><b>Amount</b></font></td>
<td>&nbsp;</td>
<td align=center><font size="2"><b>&nbsp;</b></font></td>
<td>&nbsp;</td>
<td align=center><font size="2"></font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2"><b>Rating</b><sup><b>1</b></sup></font></td>
<td>&nbsp;</td>
<td align=center><font size="2"><b>(000)</b></font></td>
<td>&nbsp;</td>
<td align=center><font size="2"><b>Description</b></font></td>
<td>&nbsp;</td>
<td align=center><font size="2"><b>Value</b></font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td COLSPAN='8' ><HR noshade size=1><tr valign=top><td >&nbsp;</td>
<td>&nbsp;</td>
<td align=right><font size="2"><b>&nbsp;</b></font></td>
<td>&nbsp;</td>
<td align=left><font size="2"><b>Financial Institutions&#151;7.6%</b></font></td>
<td>&nbsp;</td>
<td align=right><font size="2"></font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">$&nbsp;&nbsp;&nbsp;&nbsp; 750</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Ameritrade, Loan B, LIBOR + 1.50%,
12/31/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">$&nbsp;&nbsp;&nbsp;&nbsp; 754,079</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,185</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Arias Acquisitions, Inc., LIBOR +
3.75%, 7/26/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,180,557</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,298</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Global Cash Access LLC, LIBOR + 2.25%,
3/10/10</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,313,520</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">3,354</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Jostens, Inc., Loan C, LIBOR + 2.25%,
10/04/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">3,397,347</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">N.E.W. Holdings I LLC,</font></td>
<td>&nbsp;</td>
<td align=right><font size="2"></font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">876</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;LIBOR + 3.00%, 7/08/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">884,049</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">250</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;LIBOR + 7.00%, 6/30/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">253,750</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,000</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Nasdaq Stock Market, Inc., Loan B,
LIBOR + 1.50%, 12/08/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,013,334</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Navistar Financial Corp.,</font></td>
<td>&nbsp;</td>
<td align=right><font size="2"></font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,181</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;1.00%, 2/22/09</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,169,847</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">6,275</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;LIBOR + 5.00%, 2/22/09</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">6,275,633</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">3,000</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">NTL, Inc., Loan B, LIBOR + 3.00%,
4/13/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">3,022,500</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,500</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Pinnoak Resources LLC, LIBOR, 11/23/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,515,000</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,250</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Professional Service, Inc., Loan
B, LIBOR + 3.00%, 10/31/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,256,250</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,965</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Ripplewood Phosphorus US LLC, LIBOR
+ 3.25%, 7/20/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,957,631</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">484</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Roller Bearing Co. of America, LIBOR
+ 2.50%, 6/30/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">486,587</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">6,000</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Rouse Co., LIBOR + 1.30%, 8/21/06</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">6,000,000</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,500</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Targa Resources Asset Sale, LIBOR
+ 2.25%, 10/31/07</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,503,750</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">462</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">USI Holdings Corp., Loan B, TBD,
8/11/08</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">464,141</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td COLSPAN='8' ><HR noshade size=1></td>
</tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">34,447,975</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td COLSPAN='8' ><HR noshade size=1></td>
</tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2"><b>&nbsp;</b></font></td>
<td>&nbsp;</td>
<td align=right><font size="2"><b>&nbsp;</b></font></td>
<td>&nbsp;</td>
<td align=left><font size="2"><b>Health Care&#151;8.6%</b></font></td>
<td>&nbsp;</td>
<td align=right></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">3,876</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Arizant, Inc., LIBOR + 3.75%, 8/15/10</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">3,890,472</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,000</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">CCS Medical, Loan B, LIBOR + 3.25%,
9/30/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,994,376</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">5,377</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Community Health Systems, Inc., LIBOR
+ 1.75%, 8/19/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">5,444,137</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">3,492</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Concentra Operating Corp., Loan B,
LIBOR + 2.00%, 9/30/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">3,531,982</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">942</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Davita, Inc., Loan B, LIBOR + 2.00%,
10/05/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">953,093</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">912</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Duloxetine Royalty Sub., LIBOR +
4.50%, 10/15/13</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">921,433</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">6,000</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">HealthSouth Corp., TBD, 1/16/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">6,043,752</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,956</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">IASIS Healthcare Corp., Loan B, LIBOR
+ 2.25%, 6/22/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,993,170</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,657</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Jean Coutu Group, Inc., Loan B, LIBOR
+ 2.25%, 7/30/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,682,350</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">530</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Kinetic Concepts, Inc., Loan B2,
LIBOR + 1.75%, 8/11/10</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">536,179</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">500</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Radnet Management, Inc., Loan B,
LIBOR + 4.00%, 3/15/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">498,750</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">993</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Select Medical Corp., Loan B, LIBOR
+ 1.75%, 2/24/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">982,299</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">500</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Triumph Healthcare Second Holdings,
Inc., LIBOR + 8.50%, 8/31/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">460,000</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">3,022</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">US Oncology, Inc., LIBOR + 2.25%,
8/20/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">3,055,494</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">993</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Vanguard Health Holding Co. II, LIBOR
+ 2.25%, 9/23/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,003,976</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Warner Chilcott Corp.,</font></td>
<td>&nbsp;</td>
<td align=right></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">530</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;1.38%, 1/18/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">534,322</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,167</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;Loan B, LIBOR + 2.75%, 1/18/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,185,066</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">873</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;Loan C, LIBOR + 2.75%, 1/18/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">880,475</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">403</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;Loan D, LIBOR + 2.75%, 1/18/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">406,755</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td COLSPAN='8' ><HR noshade size=1></td>
</tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">38,998,081</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td COLSPAN='8' ><HR noshade size=1></td>
</tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2"><b>&nbsp;</b></font></td>
<td>&nbsp;</td>
<td align=right><font size="2"><b>&nbsp;</b></font></td>
<td>&nbsp;</td>
<td align=left><font size="2"><b>Industrials&#151;2.4%</b></font></td>
<td>&nbsp;</td>
<td align=right></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Acosta, Inc.,</font></td>
<td>&nbsp;</td>
<td align=right></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,250</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;LIBOR + 2.25%, 12/06/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,266,406</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">150</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;LIBOR + 5.75%, 6/06/13</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">154,687</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">422</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Alderwoods Group, Inc., Loan B2,
LIBOR + 2.00%, 9/29/09</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">425,468</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Bolthouse Farms, Inc.,</font></td>
<td>&nbsp;</td>
<td align=right></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,000</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;LIBOR + 2.50%, 12/16/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,015,000</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">500</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;PRIME + 4.50%, 12/16/13</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">512,708</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">486</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Chart Industries, Inc., Loan B, LIBOR
+ 2.00%, 10/17/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">494,011</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,000</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Drummond Co., Inc., TBD</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,998,750</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">720</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Novelis, Inc., Loan B, LIBOR + 1.75%,
1/07/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">726,761</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">625</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">QTC Acquisition, Inc., LIBOR + 6.50%,
5/04/13</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">624,609</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,000</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Tinnerman Palnut Engineered Products,
Inc., LIBOR + 7.25%, 11/01/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,920,000</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,578</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Worldspan LP, LIBOR + 2.75%, 2/11/10</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,548,195</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td COLSPAN='8' ><HR noshade size=1></td>
</tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">10,686,595</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td COLSPAN='8' ><HR noshade size=1></td>
</tr>
</table>
<p align="center">8
<HR noshade size=4><PAGE><p><hr noshade size=3>
<font size="3"><b>BlackRock Global Floating Rate Income Trust (BGT) (continued)</b></font>
<hr noshade size=3>

<p><p><table width="100%" border="0" cellspacing="0" cellpadding="0"><tr valign=top><td width="9%" align=center><font size="2"><font size="2"></font></font></td>
<td width="2%">&nbsp;</td>
<td width="9%" align=center><font size="2"><b>Principal</b></font></td>
<td width="3%">&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td align=center><font size="2"><b>&nbsp;</b></font></td>
<td width="2%">&nbsp;</td>
<td width="9%" align=center><font size="2"></font></td>

<td width="2%">&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2"><b>&nbsp;</b></font></td>
<td>&nbsp;</td>
<td align=center><font size="2"><b>Amount</b></font></td>
<td>&nbsp;</td>
<td align=center><font size="2"><b>&nbsp;</b></font></td>
<td>&nbsp;</td>
<td align=center><font size="2"></font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2"><b>Rating</b><sup><b>1</b></sup></font></td>
<td>&nbsp;</td>
<td align=center><font size="2"><b>(000)</b></font></td>
<td>&nbsp;</td>
<td align=center><font size="2"><b>Description</b></font></td>
<td>&nbsp;</td>
<td align=center><font size="2"><b>Value</b></font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td COLSPAN='8' ><HR noshade size=1><tr valign=top><td >&nbsp;</td>
<td>&nbsp;</td>
<td align=right><font size="2"><b>&nbsp;</b></font></td>
<td>&nbsp;</td>
<td align=left><font size="2"><b>Media&#151;16.6%</b></font></td>
<td>&nbsp;</td>
<td align=right><font size="2"></font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">$ 1,844</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Alliance Atlantis Communications,
Inc., Loan C, LIBOR + 1.50%, 12/20/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">$&nbsp;&nbsp;&nbsp;&nbsp;1,857,778</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,737</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">American Lawyers Media, Inc., PRIME
+ 1.50%, 3/05/10</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,742,664</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,000</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">American Media Operations, Inc.,
Loan B, LIBOR + 3.00%, 1/31/13</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,011,750</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">975</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Bragg Communications, Inc., Loan
B, LIBOR + 2.00%, 8/31/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">986,020</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">5,398 </font></td>
<td><font size="2"><sup>5</sup></font></td>
<td align=left><font size="2">Cablecom SCA, TBD, 12/31/10</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">4,140,822</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">4,000</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Cablevision Systems Corp., TBD</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">4,030,500</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">75</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Caprock Holdings, Inc., Loan B, LIBOR
+ 3.50%, 2/01/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">74,625</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Century TCI California LP,</font></td>
<td>&nbsp;</td>
<td align=right><font size="2"></font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,000</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;PRIME + 0.75%, 12/31/07</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,985,416</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">10,000</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;PRIME + 2.00%, 12/31/09</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">9,754,170</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Charter Communications Operating
LLC,</font></td>
<td>&nbsp;</td>
<td align=right><font size="2"></font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">5,993</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;Loan A, LIBOR + 3.00%, 4/27/10</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">6,041,461</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,968</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;Loan B, LIBOR + 3.25%, 4/07/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,983,613</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">3,479</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Dex Media East LLC, Loan B, LIBOR
+ 1.75%, 5/08/09</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">3,506,114</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Dex Media West LLC,</font></td>
<td>&nbsp;</td>
<td align=right><font size="2"></font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,000</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;Loan B1, 0.50%, 3/09/10</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,004,821</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,592</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;Loan B, LIBOR + 1.75%, 3/09/10</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,604,204</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,000</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">DirecTV Holdings LLC, Loan B, LIBOR
+ 1.50%, 4/13/13</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,021,250</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">863</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Emmis Communications Co., Loan B,
PRIME + 0.75%, 11/10/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">867,185</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">5,000</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Eutelsat SA, Loan B1, LIBOR + 2.00%,
4/04/13</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">6,090,804</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Insight Midwest Holdings LLC,</font></td>
<td>&nbsp;</td>
<td align=right><font size="2"></font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">3,777</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;Loan A, LIBOR + 1.25%, 6/30/09</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">3,782,102</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,985</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;Loan C, LIBOR + 2.00%, 12/31/09</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">3,025,134</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,500</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Liberty Cablevision of Puerto Rico
Ltd., LIBOR + 2.25%, 3/01/13</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,512,187</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Mediacom Communications Corp.,</font></td>
<td>&nbsp;</td>
<td align=right><font size="2"></font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,045</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;Loan A, LIBOR + 1.50%, 3/31/10</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,040,793</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">993</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;Loan C, LIBOR + 2.00%, 2/01/14</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,004,441</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,980</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Mediacom Illinois LLC, Loan B, LIBOR
+ 2.25%, 3/31/13</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,005,679</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,941</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Mission Broadcasting, Inc., Loan
B, LIBOR + 1.75%, 8/14/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,947,520</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">NEP Supershooters LP,</font></td>
<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">693</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;LIBOR + 4.00%, 2/03/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">702,529</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">500</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;LIBOR + 8.00%, 2/01/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">495,000</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,976</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Nexstar Broadcasting, Inc., Loan
B, LIBOR + 1.75%, 8/14/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,982,478</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">750</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Puerto Rico Cable Acquisition Co.,
LIBOR + 6.25%, 2/28/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">758,438</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">750</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Quebecor Media, Inc., Loan B, LIBOR
+ 2.00%, 1/17/13</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">760,079</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,001</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Triple Crown Media, Inc., PRIME +
2.25%, 6/30/10</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">997,500</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,000</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">UPC Distribution Corp., Loan H, LIBOR
+ 2.75%, 9/30/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,005,208</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">3,931</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">WMG Acquisition Corp., LIBOR + 2.00%,
2/28/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">3,978,660</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">497</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Young Broadcasting, Inc., LIBOR +
2.25%, 11/03/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">497,811</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td COLSPAN='8' ><HR noshade size=1></td>
</tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">75,198,756</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td COLSPAN='8' ><HR noshade size=1></td>
</tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2"><b>&nbsp;</b></font></td>
<td>&nbsp;</td>
<td align=right><font size="2"><b>&nbsp;</b></font></td>
<td>&nbsp;</td>
<td align=left><font size="2"><b>Publishing&#151;0.2%</b></font></td>
<td>&nbsp;</td>
<td align=right></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">750</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Endurance Business Media, Loan B,
LIBOR + 2.25%, 3/08/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">755,625</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td COLSPAN='8' ><HR noshade size=1></td>
</tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2"><b>&nbsp;</b></font></td>
<td>&nbsp;</td>
<td align=right><font size="2"><b>&nbsp;</b></font></td>
<td>&nbsp;</td>
<td align=left><font size="2"><b>Real Estate&#151;1.4%</b></font></td>
<td>&nbsp;</td>
<td align=right></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,058</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Acoustical Materials, LIBOR + 2.75%,
4/13/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,065,625</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,596</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Headwaters, Inc., PRIME + 1.25%,
4/30/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,614,129</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Kyle Acquisition Group LLC,</font></td>
<td>&nbsp;</td>
<td align=right></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">50</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;LIBOR + 2.00%, 7/20/10</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">50,438</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">731</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;Loan B, LIBOR + 2.00%, 7/20/08</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">737,747</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">871</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Lake Las Vegas Resort, LIBOR + 2.75%,
11/01/09</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">872,078</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Masonite Intl. Corp.,</font></td>
<td>&nbsp;</td>
<td align=right></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">495</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;LIBOR + 2.00%, 4/05/13</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">488,644</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;LIBOR + 2.00%, 4/05/13 (CND)</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">616</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;LIBOR + 2.00%, 4/05/13 (USD)</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">617</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">404</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Stewart Enterprises, Inc., Loan B,
LIBOR + 1.75%, 11/19/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">407,522</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td COLSPAN='8' ><HR noshade size=1></td>
</tr>
<tr valign=top bgcolor='#DDDDDD'><td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">6,237,416</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td COLSPAN='8' ><HR noshade size=1></td>
</tr>
</table>
<p align="center">9
<HR noshade size=4><PAGE><p><hr noshade size=3>
<font size="3"><b>BlackRock Global Floating Rate Income Trust (BGT) (continued)</b></font>
<hr noshade size=3>
<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr valign=top><td width="9%" align=center><font size="2"><font size="2"></font></font></td>
<td width="2%">&nbsp;</td>
<td width="9%" align=center><font size="2"><b>Principal</b></font></td>
<td width="3%">&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td align=center><font size="2"><b>&nbsp;</b></font></td>
<td width="2%">&nbsp;</td>
<td width="9%" align=center><font size="2"></font></td>

<td width="2%">&nbsp;</td>
</tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2"><b>&nbsp;</b></font></td>
<td>&nbsp;</td>
<td align=center><font size="2"><b>Amount</b></font></td>
<td>&nbsp;</td>
<td align=center><font size="2"><b>&nbsp;</b></font></td>
<td>&nbsp;</td>
<td align=center><font size="2"></font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2"><b>Rating</b><sup><b>1</b></sup></font></td>
<td>&nbsp;</td>
<td align=center><font size="2"><b>(000)</b></font></td>
<td>&nbsp;</td>
<td align=center><font size="2"><b>Description</b></font></td>
<td>&nbsp;</td>
<td align=center><font size="2"><b>Value</b></font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td COLSPAN='8' ><HR noshade size=1><tr valign=top><td align=center><font size="2"><font size="2"></font></font></td>
<td>&nbsp;</td>
<td align=right><font size="2"><b>&nbsp;</b></font></td>
<td>&nbsp;</td>
<td align=left><font size="2"><b>Technology&#151;2.4%</b></font></td>
<td>&nbsp;</td>
<td align=right><font size="2"></font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2"><font size="2">&nbsp;</font></font></td>
<td>&nbsp;</td>
<td align=right><font size="2">$&nbsp;&nbsp;&nbsp;&nbsp;2,908</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Directed Electronics, Inc., LIBOR
+ 2.25%, 3/15/10</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">$&nbsp;&nbsp;&nbsp;&nbsp;2,926,319</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">496</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Federal IT Systems, Inc., LIBOR +
2.75%, 4/01/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">499,662</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">500</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Serena Software, Inc., Loan B, LIBOR,
3/11/13</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">506,688</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">353</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">SS&amp;C Technologies, Inc., LIBOR
+ 2.50%, 11/23/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">355,913</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,240</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">UGS Corp., LIBOR + 2.00%, 3/31/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,265,618</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,875</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Verifone, Inc., Loan B, LIBOR + 1.75%,
6/30/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,903,871</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,400</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Westcom Corp., Loan B, LIBOR + 2.75%,
12/16/10</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,400,044</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td COLSPAN='8' ><HR noshade size=1></td>
</tr>
<tr valign=top><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">10,858,115</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td COLSPAN='8' ><HR noshade size=1></td>
</tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2"><b><font size="2">&nbsp;</font></b></font></td>
<td>&nbsp;</td>
<td align=right><font size="2"><b>&nbsp;</b></font></td>
<td>&nbsp;</td>
<td align=left><font size="2"><b>Telecommunications&#151;7.1%</b></font></td>
<td>&nbsp;</td>
<td align=right></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2"><font size="2">&nbsp;</font></font></td>
<td>&nbsp;</td>
<td align=right><font size="2">250</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">AAT Communications Corp., LIBOR +
1.75%, 7/27/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">250,625</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,000</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Alaska Communications Systems Holdings,
Inc., LIBOR + 1.75%, 1/31/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,008,250</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,000</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Atlantic Broadband Finance LLC, Loan
B1, LIBOR + 2.75%, 8/04/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,030,000</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">650</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Cavalier Telecom, TBD</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">662,187</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">4,369</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Centennial Cellular Operating Co.,
LIBOR + 2.25%, 2/09/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">4,427,368</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Communication Supply Corp.,</font></td>
<td>&nbsp;</td>
<td align=right></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">96</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;TBD, 2/28/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">96,394</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">404</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;PRIME + 1.75%, 3/03/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">404,856</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">500</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Country Road Communications LLC,
LIBOR, 7/15/13</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">506,250</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">750</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Fairpoint Communications, Inc., LIBOR
+ 1.75%, 2/08/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">755,437</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">990</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Intelsat Zeus, Ltd., 0.75%, 7/28/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">997,734</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,000</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Iowa Telecommunications Services,
Inc., Loan B, LIBOR + 1.75%, 11/23/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,022,084</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">IPC Acquisition Corp.,</font></td>
<td>&nbsp;</td>
<td align=right></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">750</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;LIBOR + 7.25%, 8/05/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">760,625</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">961</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;PRIME + 1.75%, 8/05/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">973,778</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,000</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Madison River Capital LLC, Loan B1,
LIBOR + 2.25%, 7/29/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,011,563</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">NTELOS, Inc.,</font></td>
<td>&nbsp;</td>
<td align=right></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">743</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;LIBOR + 2.50%, 8/24/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">753,081</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">3,000</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;LIBOR + 5.00%, 2/25/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">3,052,500</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">PanAmSat Corp.,</font></td>
<td>&nbsp;</td>
<td align=right></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,248</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;Loan A1, LIBOR + 2.50%, 8/20/09</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,258,599</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,975</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;Loan B1, LIBOR + 2.00%, 8/20/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,999,687</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,000</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Qwest Corp., Loan A, LIBOR + 4.75%,
6/30/07</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,048,000</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">450</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Triton PCS, Inc., LIBOR + 3.25%,
11/18/09</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">452,505</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,933</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Valor Telecommunication Enterprises
II LLC, Loan B, LIBOR + 1.75%, 2/14/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,936,052</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Wind Acquisition Finance SA,</font></td>
<td>&nbsp;</td>
<td align=right></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,000</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;Loan B, TBD</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,426,729</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,000</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;Loan C, TBD</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,438,847</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td COLSPAN='8' ><HR noshade size=1></td>
</tr>
<tr valign=top><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">32,273,151</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td COLSPAN='8' ><HR noshade size=1></td>
</tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2"><b><font size="2">&nbsp;</font></b></font></td>
<td>&nbsp;</td>
<td align=right><font size="2"><b>&nbsp;</b></font></td>
<td>&nbsp;</td>
<td align=left><font size="2"><b>Transportation&#151;0.6%</b></font></td>
<td>&nbsp;</td>
<td align=right></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2"><font size="2">&nbsp;</font></font></td>
<td>&nbsp;</td>
<td align=right><font size="2">875</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Delta Air Lines, Inc., Loan A, LIBOR
+ 4.50%, 3/16/08</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">886,719</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">360</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Sirva Worldwide, Inc., LIBOR + 4.00%,
12/01/10</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">357,271</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">628</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Transport Industries LP, Loan B,
LIBOR + 2.50%, 9/30/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">635,739</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,000</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">UAL Corp., TBD</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,016,250</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td COLSPAN='8' ><HR noshade size=1></td>
</tr>
<tr valign=top><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,895,979</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td COLSPAN='8' ><HR noshade size=1></td>
</tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Total Bank Loans</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">496,654,190</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td COLSPAN='8' ><HR noshade size=1></td>
</tr>
<tr valign=top><td align=center><font size="2"><b><font size="2">&nbsp;</font></b></font></td>
<td>&nbsp;</td>
<td align=right><font size="2"><b>&nbsp;</b></font></td>
<td>&nbsp;</td>
<td align=left><font size="2"><b>Foreign Government Bonds&#151;30.5%</b></font></td>
<td>&nbsp;</td>
<td align=right></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2"><font size="2">B</font></font></td>
<td>&nbsp;</td>
<td align=right><font size="2">11,840</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Argentina Republic, 4.005%, 8/03/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">9,679,200</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">BB-</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">5,809</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Bolivarian Republic of Venezuela,
2.75%, 12/18/07</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">5,809,117</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Federative Republic of Brazil,</font></td>
<td>&nbsp;</td>
<td align=right></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">BB-</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">3,560</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;2.125%, 4/15/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">3,557,975</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">BB</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">10,424</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;3.125%, 4/15/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">10,410,913</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">BB</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">9,435 </font></td>
<td><font size="2"><sup>2</sup></font></td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;10.71%, 6/29/09</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">10,944,600</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">BB</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">640</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;Ser. B, 10.00%, 8/07/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">751,040</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">B+</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,600</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Islamic Republic of Pakistan, 6.75%,
2/19/09</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,610,926</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">BB+</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">5,689</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Kingdom of Morocco, Zero Coupon,
1/02/09</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">5,688,887</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">A-</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">800</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Malaysia, 8.75%, 6/01/09</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">875,074</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">A</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,400</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Republic of Chile, 6.875%, 4/28/09</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,499,000</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">BB</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,200 </font></td>
<td><font size="2"><sup>2,5</sup></font></td>
<td align=left><font size="2">Republic of Colombia, 8.47%, 3/17/13</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,338,000</font></td>

<td>&nbsp;</td></tr>
</table>
<p align="center">10
<HR noshade size=4><PAGE><p><hr noshade size=3>
<font size="3"><b>BlackRock Global Floating Rate Income Trust (BGT) (continued)</b></font>
<hr noshade size=3>
<table width="100%" border="0" cellspacing="0" cellpadding="0"><tr valign=top><td width="9%" align=center><font size="2"><font size="2"></font></font></td>
<td width="2%">&nbsp;</td>
<td width="9%" align=center><font size="2"><b>Principal</b></font></td>
<td width="3%">&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td align=center><font size="2"><b>&nbsp;</b></font></td>
<td width="2%">&nbsp;</td>
<td width="9%" align=center><font size="2"></font></td>

<td width="2%">&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2"><b>&nbsp;</b></font></td>
<td>&nbsp;</td>
<td align=center><font size="2"><b>Amount</b></font></td>
<td>&nbsp;</td>
<td align=center><font size="2"><b>&nbsp;</b></font></td>
<td>&nbsp;</td>
<td align=center><font size="2"></font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2"><b>Rating</b><sup><b>1</b></sup></font></td>
<td>&nbsp;</td>
<td align=center><font size="2"><b>(000)</b></font></td>
<td>&nbsp;</td>
<td align=center><font size="2"><b>Description</b></font></td>
<td>&nbsp;</td>
<td align=center><font size="2"><b>Value</b></font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td COLSPAN='8' ><HR noshade size=1><tr valign=top><td align=center><font size="2"><font size="2"></font></font></td>
<td>&nbsp;</td>
<td align=right><font size="2"><b>&nbsp;</b></font></td>
<td>&nbsp;</td>
<td align=left><font size="2"><b>Foreign Government Bonds&#151;(cont&#146;d)</b></font></td>
<td>&nbsp;</td>
<td align=right><font size="2"></font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2"><font size="2">BB</font></font></td>
<td>&nbsp;</td>
<td align=right><font size="2">$ 3,200</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Republic of Costa Rica, 9.335%, 5/15/09</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">$&nbsp;&nbsp;&nbsp;&nbsp;3,488,000</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">BB+</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">800</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Republic of El Salvador, 9.50%, 8/15/06</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">811,600</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Republic of Panama,</font></td>
<td>&nbsp;</td>
<td align=right><font size="2"></font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">BB</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">12,714</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;2.75%, 7/17/16</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">12,523,559</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">BB</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,000</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;8.25%, 4/22/08</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,090,000</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Republic of Peru,</font></td>
<td>&nbsp;</td>
<td align=right><font size="2"></font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">BB</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">5,432</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;4.50%, 3/07/17</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">5,119,660</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">BB</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,400</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;9.125%, 1/15/08</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,526,000</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">BBB+</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,400</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Republic of South Africa, 7.375%,
4/25/12</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,597,280</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">BB-</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,400</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Republic of the Philippines, 8.875%,
4/15/08</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,556,612</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">BB-</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,400</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Republic of Turkey, 12.00%, 12/15/08</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,757,600</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">B+</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">950</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Republic of Uruguay, 6.875%, 1/19/16</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,221,772</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">BB-</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">3,321</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Republic of Venezuela, 3.063%, 3/31/07</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">3,321,074</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">BBB</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">4,000</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Russian Federation, 10.00%, 6/26/07</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">4,209,200</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">A2</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,000 </font></td>
<td><font size="2"><sup>2</sup></font></td>
<td align=left><font size="2">Sberbank of Russia, 6.37%, 10/24/06</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,011,800</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Ukraine,</font></td>
<td>&nbsp;</td>
<td align=right><font size="2"></font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">BB-</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,800 </font></td>
<td><font size="2"><sup>3</sup></font></td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;6.875%, 3/04/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,823,800</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">BB-</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">16,100 </font></td>
<td><font size="2"><sup>2,3</sup></font></td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;8.235%, 8/05/09</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">17,227,000</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">United Mexican States,</font></td>
<td>&nbsp;</td>
<td align=right><font size="2"></font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">BBB</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">4,800 </font></td>
<td><font size="2"><sup>2</sup></font></td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;5.75%, 1/13/09 </font></td>
<td>&nbsp;</td>
<td align=right><font size="2">4,852,800</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">A</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">21,380</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;8.00%, 12/19/13 (MXN)</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,916,667</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">A</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">16,945</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;9.00%, 12/20/12 (MXN)</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">1,600,178</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">A</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">545</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;9.50%, 12/18/14 (MXN)</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">53,234</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Venezuela Republic,</font></td>
<td>&nbsp;</td>
<td align=right><font size="2"></font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">BB-</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">4,000 </font></td>
<td><font size="2"><sup>2</sup></font></td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;6.075%, 4/20/11</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">4,022,000</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">BB-</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">4,800</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;9.125%, 6/18/07</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">4,992,000</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">BB-</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,000</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;11.00%, 3/05/08</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">2,723,026</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td COLSPAN='8' ><HR noshade size=1></td>
</tr>
<tr valign=top><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Total Foreign Government Bonds</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">138,609,594</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td COLSPAN='8' ><HR noshade size=1></td>
</tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2"><b>Total Long-Term Investments (cost
$720,082,189)</b></font></td>
<td>&nbsp;</td>
<td align=right><font size="2">727,427,501</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td COLSPAN='8' ><HR noshade size=1></td>
</tr>
<tr valign=top><td align=center><font size="2"><b><font size="2">&nbsp;</font></b></font></td>
<td>&nbsp;</td>
<td align=right><font size="2"><b>&nbsp;</b></font></td>
<td>&nbsp;</td>
<td align=left><font size="2"><b>SHORT-TERM INVESTMENT&#151;1.1%</b></font></td>
<td>&nbsp;</td>
<td align=right></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2"><b>&nbsp;</b></font></td>
<td>&nbsp;</td>
<td align=right><font size="2"><b>&nbsp;</b></font></td>
<td>&nbsp;</td>
<td align=left><font size="2"><b>U.S. Government and Agency Zero
Coupon Bond&#151;1.1%</b></font></td>
<td>&nbsp;</td>
<td align=right></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2"><font size="2">&nbsp;</font></font></td>
<td>&nbsp;</td>
<td align=right><font size="2">4,900 </font></td>
<td><font size="2"><sup>6</sup></font></td>
<td align=left><font size="2">Federal Home Loan Bank Discount Note,
4.63%, 4/03/06 (cost $4,898,740)</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">4,898,740</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td COLSPAN='8' ><HR noshade size=1></td>
</tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2"><b>Total investments&#151;161.4%
(cost $724,980,929</b><sup><b>7</b></sup>)</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">$732,326,241</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Liabilities in excess of other assets
(including $16,342,230 in reverse repurchase agreements payable)&#151;(7.7)%</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">(35,103,276)</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2">Preferred shares at redemption value,
including dividends payable&#151;(53.7)%</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">(243,510,431)</font></td>

<td>&nbsp;</td></tr>
<tr valign=top bgcolor='#DDDDDD'><td COLSPAN='8' ><HR noshade size=1></td>
</tr>
<tr valign=top><td align=center><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=right><font size="2">&nbsp;</font></td>
<td>&nbsp;</td>
<td align=left><font size="2"><b>Net Assets&#151;100%</b></font></td>
<td>&nbsp;</td>
<td align=right><font size="2">$453,712,534</font></td>

<td>&nbsp;</td></tr>
<tr valign=top><td COLSPAN='8' ><HR noshade size=3></td>
</tr>
</table>

<br>
<hr align="left" noshade width="100" size="1">
<table width="100%"  border="0" cellspacing="0" cellpadding="0">
  <tr>
    <td width="3%" valign="top"><font size="2"><sup>1</sup></font></td>
    <td><font size="2">Using the higher of Standard &amp; Poor&#146;s,
    Moody&#146;s Investors Service or Fitch&#146;s ratings. </font> </td>
  </tr>
  <tr>
    <td width="3%" valign="top"><font size="2"><sup>2</sup></font></td>
    <td><font size="2">Rate shown is interest rate
    as of March 31, 2006. </font></td>
  </tr>
  <tr>
    <td width="3%" valign="top"><font size="2"><sup>3</sup></font></td>
    <td><font size="2">Security is not registered
        under the Securities Act of 1933. These securities may be resold in transactions
        in accordance with Rule 144A under that Act, to qualified institutional
        buyers. As of March 31, 2006, the Trust held 6.3% of its net assets,
        with a current market value of $28,531,424, in securities restricted
    as to resale. </font></td>
  </tr>
  <tr>
    <td width="3%" valign="top"><font size="2"><sup>4</sup></font></td>
    <td><font size="2">Issuer is in default and/or
    bankruptcy. </font></td>
  </tr>
  <tr>
    <td width="3%" valign="top"><font size="2"><sup>5</sup></font></td>
    <td><font size="2">Security is fair valued. </font></td>
  </tr>
  <tr>
    <td width="3%" valign="top"><font size="2"><sup>6</sup></font></td>
    <td><font size="2">Rate shown is the yield
    to maturity as of March 31, 2006. </font></td>
  </tr>
  <tr>
    <td width="3%" valign="top"><font size="2"><sup>7</sup>&nbsp;</font></td>
    <td><font size="2">Cost for Federal income tax purposes
        is $725,043,954. The net unrealized appreciation on a tax basis is $7,282,287,
        consisting of $10,426,109 gross unrealized appreciation and $3,143,822
    gross unrealized depreciation. </font></td>
  </tr>
  <tr>
    <td width="3%">&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td width="3%">&nbsp;</td>
    <td><font size="2">A category in the Corporate
        Bonds and Bank Loans sections may contain multiple industries as defined
    by the SEC&#146;s Standard Industry Codes. </font></td>
  </tr>
</table>
<p>
<table width="100%" border="0" cellpadding="0" cellspacing="0"><tr valign=top><td colspan="8" align=center><font size="2"><b><font size="2">KEY
TO ABBREVIATIONS</font></b></font></td>
</tr>
<tr valign=top bgcolor='#DDDDDD'><td width="25%" align=left>&nbsp;</td>
  <td align=left nowrap><font size="2">CND</font></td>
  <td width="3%" align=left><center>
    <font size="2">&#151;</font>
  </center></td>
<td align=left><font size="2">Canadian Dollar</font></td>
<td align=left nowrap><font size="2">TBD</font></td>
<td width="3%" align=left><center>
  <font size="2">&#151;</font>
</center></td>
<td align=left><font size="2">To Be Determined</font></td>

<td width="25%">&nbsp;</td></tr>
<tr valign=top><td align=left>&nbsp;</td>
  <td align=left nowrap><font size="2">MXN</font></td>
  <td align=left><center>
    <font size="2">&#151;</font>
  </center></td>
<td align=left><font size="2">Mexican Peso</font></td>
<td align=left nowrap><font size="2">USD</font></td>
<td align=left><center>
  <font size="2">&#151;</font>
</center></td>
<td align=left><font size="2">U.S. Dollar</font></td>

<td>&nbsp;</td></tr>
</table>
<p>
<p align='center'>11

<HR noshade size=4>
<P align="left" style="page-break-before:always"></P>
<PAGE>

<p><B><FONT face="serif">Item 2. Controls and Procedures.</FONT></B><FONT face="serif"> </FONT>
<P> <FONT face="serif">(a) The Registrant's principal executive and principal
    financial officers have evaluated the Registrant's disclosure controls and
    procedures within 90 days of this filing and have concluded, as of that date,
    that the Registrant&#146;s disclosure controls and procedures were reasonably
    designed to ensure that information required to be disclosed by the Registrant
    in this Form N-Q was recorded, processed, summarized, and reported within
    the required time periods and that information to be disclosed by the Registrant
    in this Form N-Q was accumulated and communicated to the Registrant&#146;s
    management, including its principal executive and principal financial officers,
    as appropriate, to allow timely decisions regarding required disclosure. </FONT></P>
<P> <FONT face="serif">(b) There were no changes in the Registrant's internal
    control over financial reporting (as defined in Rule 30a-3(d) under the 1940
    Act (17 CFR 270.30a -3(d)) that occurred during the Registrant's last fiscal
    quarter that have materially affected, or are reasonably likely to materially
    affect, the Registrant's internal control over financial reporting. </FONT></P>
<P> <B><FONT face="serif">Item 3. Exhibits.</FONT></B><FONT face="serif"> </FONT></P>
<P> <FONT face="serif">Separate certifications of the Registrant&#146;s Principal
    Executive and Financial Officers pursuant to Section 302 of the Sarbanes-Oxley
    Act of 2002 are attached as EX-99.CERT. </FONT></P>
<HR noshade  width="100%" size=4>
<P align="left" style="page-break-before:always"></P>
<PAGE>
<P align="center"> <B><FONT face="serif">SIGNATURES</FONT></B><FONT face="serif"> </FONT></P>
<P> <FONT face="serif"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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. </FONT></P>
<P> <FONT face="serif">(Registrant)___</FONT><U><FONT face="serif">BlackRock Global Floating Rate Income Trust</FONT></U><FONT face="serif">___ </FONT></P>
<FONT face="serif">By:___<u>/s/ Henry Gabbay</u>____________________________________</FONT><BR>
<FONT face="serif">Name: Henry Gabbay </FONT><BR>
<FONT face="serif">Title: Treasurer and Principal Financial Officer </FONT><BR>
<FONT face="serif">Date: May 25, 2006 </FONT><BR>
<P> <FONT face="serif"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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. </FONT></P>
<FONT face="serif">By:___<u>/s/ Robert S. Kapito</u>___________________________________</FONT><BR>
<FONT face="serif">Name: Robert S. Kapito </FONT><BR>
<FONT face="serif">Title: President and Principal Executive Officer </FONT><BR>
<FONT face="serif">Date: May 25, 2006 </FONT><br>
<BR>
<FONT face="serif">By:__<u>/s/ Henry Gabbay</u>______________________________________</FONT><BR>
<FONT face="serif">Name: Henry Gabbay </FONT><BR>
<FONT face="serif">Title: Treasurer and Principal Financial Officer </FONT><BR>
<FONT face="serif">Date: May 25, 2006 </FONT><br>
<BR>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.CERT
<SEQUENCE>2
<FILENAME>c42496_ex99-cert.htm
<TEXT>

<HTML>
<HEAD>
   <TITLE></TITLE>
</HEAD>

<BODY bgcolor="#ffffff">


<P align="right">
<B><FONT face="serif">EX-99.CERT </FONT></B></P>
<P align="center">
<B><FONT face="serif">CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER </FONT></B></P>
<P align="center">
<B><U><FONT face="serif">CERTIFICATIONS</FONT></U></B><B><FONT face="serif"> </FONT></B></P>
<P>
<FONT face="serif">I, Robert S. Kapito, certify that: </FONT></P>
<P>
<FONT face="serif">1. I have reviewed this report on Form N-Q of BlackRock Global Floating Rate Income Trust; </FONT></P>
<P>
<FONT face="serif">2. 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; </FONT></P>
<P>
<FONT face="serif">3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the Registrant as of the end of the fiscal quarter for which the report is filed; </FONT></P>
<P>
<FONT face="serif">4. 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: </FONT></P>
<P>
<FONT face="serif">(a) 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; </FONT></P>
<P>
<FONT face="serif">(b) 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; </FONT></P>
<P>
<FONT face="serif">(c) 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</FONT><FONT size=2 face="sans-serif"> </FONT></P>
<P>
<FONT face="serif">(d) Disclosed in this report any change in the Registrant's internal control over financial reporting that occurred during the Registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Registrant's internal control over financial reporting; and </FONT></P>

<P>
<FONT face="serif">5. 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): </FONT></P>
<P>
<FONT face="serif">(a) 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 </FONT></P>
<P>
<FONT face="serif">(b) 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. </FONT></P>
<P>
<FONT face="serif">Date: May 25, 2006 </FONT></P>
<TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
<TR valign="bottom">
  <TD align=center>&nbsp;</TD>
  <TD align=center nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=77% align=center>&nbsp;</TD>
  <TD width=23% align=center nowrap><div style="border-bottom:1px solid #000000">/s/ &nbsp;<FONT face="serif">Robert
        S. Kapito</FONT></div></TD>
</TR>
<TR valign="bottom">
  <TD align=center>&nbsp;</TD>
	<TD align=center nowrap>
<FONT face="serif">Robert S. Kapito</FONT>
	</TD>
</TR>
<TR valign="bottom">
  <TD align=center>&nbsp;</TD>
	<TD align=center nowrap>
<FONT face="serif">President and Principal Executive Officer</FONT>&nbsp;
	</TD>
</TR>
</TABLE>
<BR>

<HR noshade  width="100%" size=4>

<P align="left" style="page-break-before:always"></P>
<PAGE>


<P align="right">
<B><FONT face="serif">EX-99.CERT </FONT></B></P>
<P align="center">
<B><FONT face="serif">CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER </FONT></B></P>
<P align="center">
<B><U><FONT face="serif">CERTIFICATIONS</FONT></U></B><B><FONT face="serif"> </FONT></B></P>
<P>
<FONT face="serif">I, Henry Gabbay, certify that: </FONT></P>
<P>
<FONT face="serif">1. I have reviewed this report on Form N-Q of BlackRock Global Floating Rate Income Trust; </FONT></P>
<P>
<FONT face="serif">2. 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; </FONT></P>
<P>
<FONT face="serif">3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the Registrant as of the end of the fiscal quarter for which the report is filed; </FONT></P>
<P>
<FONT face="serif">4. 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: </FONT></P>
<P>
<FONT face="serif">(a) 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; </FONT></P>
<P>
<FONT face="serif">(b) 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; </FONT></P>
<P>
<FONT face="serif">(c) 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</FONT><FONT size=2 face="sans-serif"> </FONT></P>
<P>
<FONT face="serif">(d) Disclosed in this report any change in the Registrant's internal control over financial reporting that occurred during the Registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Registrant's internal control over financial reporting; and </FONT></P>

<P>
<FONT face="serif">5. 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): </FONT></P>
<P>
<FONT face="serif">(a) 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 </FONT></P>
<P>
<FONT face="serif">(b) 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. </FONT></P>
<P>
<FONT face="serif">Date: May 25, 2006 </FONT></P>
<TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
<TR valign="bottom">
  <TD width=77% align=center>&nbsp;</TD>
  <TD width=23% align=center>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=center>&nbsp;</TD>
  <TD align=center><div style="border-bottom:1px solid #000000">/s/ <FONT face="serif">Henry
        Gabbay</FONT>&nbsp;</div></TD>
</TR>
<TR valign="bottom">
  <TD align=center>&nbsp;</TD>
	<TD align=center>
<FONT face="serif">Henry Gabbay</FONT>
	</TD>
</TR>
<TR valign="bottom">
  <TD align=center>&nbsp;</TD>
	<TD align=center nowrap>
<FONT face="serif">Treasurer and Principal Financial Officer</FONT>&nbsp;
	</TD>
</TR>
</TABLE>
<BR>

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