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<SEC-DOCUMENT>0001287695-08-000825.txt : 20081230
<SEC-HEADER>0001287695-08-000825.hdr.sgml : 20081230
<ACCEPTANCE-DATETIME>20081230172118
ACCESSION NUMBER:		0001287695-08-000825
CONFORMED SUBMISSION TYPE:	NSAR-B
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20081031
FILED AS OF DATE:		20081230
DATE AS OF CHANGE:		20081230
EFFECTIVENESS DATE:		20081230

FILER:

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

	FILING VALUES:
		FORM TYPE:		NSAR-B
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-21566
		FILM NUMBER:		081276457

	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>NSAR-B
<SEQUENCE>1
<FILENAME>answer.fil
<TEXT>
<PAGE>      PAGE  1
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000 C000000 0001287480
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000 F000000 Y
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001 A000000 BLK GLOBAL FLOATING RATE INCOME TRUST
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<PAGE>      PAGE  2
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012 C020002 NY
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013 A000001 DELOITTE & TOUCHE LLP
013 B010001 PRINCETON
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014 A000002 BLACKROCK INVESTMENTS, INC.
014 B000002 8-048436
014 A000003 NORTHERN FUNDS DISTRIBUTORS, LLC
014 B000003 8-051242
014 A000004 PNC CAPITAL MARKETS, INC.
014 B000004 8-32493
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014 A000006 MGI FUNDS DISTRIBUTOR, INC.
014 B000006 8-046960
014 A000007 BB & T AM DISTRIBUTORS, INC.
014 B000007 8-52396
014 A000008 BLACKROCK DISTRIBUTORS, INC.
014 B000008 8-048775
014 A000009 PNC INVESTMENTS LLC
014 B000009 8-066195
014 A000010 HARRIS WILLIAMS LLC
014 B000010 8-53380
014 A000011 DSP MERRILL LYNCH LIMITED
014 B000011 8-00000
014 A000012 FAM DISTRIBUTORS, INC.
014 B000012 8-14663
014 A000013 FIRST REPUBLIC SECURITIES COMPANY, LLC
014 B000013 8-52973
014 A000014 GPC SECURITIES, INC.
014 B000014 8-30108
014 A000015 BERNDALE SECURITIES LIMITED
014 B000015 8-00000
014 A000016 BLACKROCK CAPITAL MARKETS, LLC
014 B000016 8-67827
015 A000001 STATE STREET BANK AND TRUST COMPANY
015 B000001 C
015 C010001 BOSTON
015 C020001 MA
015 C030001 02101
015 E010001 X
015 A000002 THE BANK OF NEW YORK MELLON
015 B000002 S
015 C010002 NEW YORK
015 C020002 NY
015 C030002 10286
<PAGE>      PAGE  3
015 E010002 X
015 A000003 J.P. MORGAN CHASE BANK
015 B000003 S
015 C010003 NEW YORK
015 C020003 NY
015 C030003 10017
015 E010003 X
018  000000 Y
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019 C000000 BLKRKADVSR
020 A000001 JONESTRADING INSTITUTIONAL SERVICES LLC
020 B000001 51-0484896
020 C000001      0
020 A000002 JANNEY MONTGOMERY SCOTT LLC
020 B000002 23-0731260
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022 A000001 BARCLAYS CAPITAL INC.
022 C000001    728963
022 D000001     13343
022 A000002 CREDIT SUISSE SECURITIES (USA) L.L.C.
022 B000002 13-5659485
022 C000002    205513
022 D000002     15569
022 A000003 LEHMAN BROTHERS INC.
022 B000003 13-2518466
022 C000003    163073
022 D000003     25104
022 A000004 BANC OF AMERICA SECURITIES LLC
022 B000004 56-2058405
022 C000004     65394
022 D000004     16461
022 A000005 J.P. MORGAN SECURITIES INC.
022 B000005 13-3224016
022 C000005     54640
022 D000005     13892
022 A000006 CITIGROUP GLOBAL MARKETS, INC.
022 B000006 11-2418191
022 C000006     15361
022 D000006     28591
022 A000007 DEUTSCHE BANK SECURITIES INC.
022 B000007 13-2730828
<PAGE>      PAGE  4
022 C000007     22002
022 D000007     15525
022 A000008 GOLDMAN, SACHS & CO.
022 B000008 13-5108880
022 C000008     19151
022 D000008     10050
022 A000009 UBS SECURITIES LLC
022 B000009 13-3873456
022 C000009     13344
022 D000009     11867
022 A000010 HSBC SECURITIES (USA) INC.
022 C000010     16997
022 D000010         0
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080 A000000 VIGILANT INSURANCE COMPANY
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<PAGE>      PAGE  9
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SIGNATURE   DONALD C. BURKE
TITLE       PRESIDENT

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.77B ACCT LTTR
<SEQUENCE>2
<FILENAME>globfund77b.htm
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
<HTML>
<HEAD>
<TITLE>Converted by FileMerlin</TITLE>
<META NAME="author" CONTENT="Haddad, Marc">
<META NAME="date" CONTENT="12/30/2008">
</HEAD>
<BODY>
<P style="margin-left:0pt; margin-top:0pt; margin-bottom:0pt; padding:0pt; text-indent:0pt; font-size:12pt; color:#000000"><BR></P>
<P style="margin-left:0pt; margin-top:0pt; margin-bottom:0pt; padding:0pt; text-indent:0pt; font-size:12pt; color:#000000"><BR></P>
<BR>
<BR>
<BR>
<P style="margin-left:0pt; margin-top:3.75pt; margin-bottom:3.75pt; padding:0pt; text-indent:0pt; line-height:9pt; font-size:9pt; color:#000000">REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</P>
<P style="margin-left:0pt; margin-top:3.75pt; margin-bottom:3.75pt; padding:0pt; text-indent:0pt; line-height:9pt; font-size:9pt; color:#000000">To the Shareholders and Board of Trustees of <BR>
BlackRock Global Floating Rate Income Trust:</P>
<P style="margin-left:0pt; margin-top:0pt; margin-bottom:0pt; padding:0pt; text-indent:0pt; line-height:9pt; font-size:9pt; color:#000000">In planning and performing our audit of the financial statements of BlackRock Global Floating Rate Income Trust (the &quot;Trust&quot;) as of October 31, 2008 and for the period January 1, 2008 to October 31, 2008, in accordance with the standards of the Public Company Accounting Oversight Board (United States), we considered the Trust's internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-SAR, but not for the purpose of expressing an opinion on the effectiveness of the Trust's internal control over financial reporting.&nbsp; Accordingly, we express no such opinion.</P>
<P style="margin-left:0pt; margin-top:3.75pt; margin-bottom:3.75pt; padding:0pt; text-indent:0pt; line-height:9pt; font-size:9pt; color:#000000">The management of the Trust is responsible for establishing and maintaining effective internal control over financial reporting.&nbsp; In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls.&nbsp; A company&#146;s internal control over financial reporting is a process designed 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.&nbsp; A company&#146;s internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable ass
urance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of a company&#146;s assets that could have a material effect on the financial statements.</P>
<P style="margin-left:0pt; margin-top:3.75pt; margin-bottom:3.75pt; padding:0pt; text-indent:0pt; line-height:9pt; font-size:9pt; color:#000000">Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements.&nbsp; Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions or that the degree of compliance with the policies or procedures may deteriorate.</P>
<P style="margin-left:0pt; margin-top:3.75pt; margin-bottom:3.75pt; padding:0pt; text-indent:0pt; line-height:9pt; font-size:9pt; color:#000000">A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis.&nbsp; A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the company's annual or interim financial statements will not be prevented or detected on a timely basis.</P>
<P style="margin-left:0pt; margin-top:3.75pt; margin-bottom:3.75pt; padding:0pt; text-indent:0pt; line-height:9pt; font-size:9pt; color:#000000">Our consideration of the Trust's internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control that might be material weaknesses under standards established by the Public Company Accounting Oversight Board (United States).&nbsp; However, we noted no deficiencies in the Trust's internal control over financial reporting and its operation, including controls for safeguarding securities that we consider to be a material weakness, as defined above, as of October 31, 2008.</P>
<P style="margin-left:0pt; margin-top:3.75pt; margin-bottom:3.75pt; padding:0pt; text-indent:0pt; line-height:9pt; font-size:9pt; color:#000000">This report is intended solely for the information and use of management and the Board of Trustees of BlackRock Global Floating Rate Income Trust and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.</P>
<P style="margin-left:0pt; margin-top:0pt; margin-bottom:0pt; padding:0pt; text-indent:0pt; line-height:9pt; font-size:9pt; color:#000000">/s/ Deloitte &amp; Touche LLP</P>
<P style="margin-left:0pt; margin-top:0pt; margin-bottom:0pt; padding:0pt; text-indent:0pt; font-size:9pt; color:#000000"><BR></P>
<P style="margin-left:0pt; margin-top:0pt; margin-bottom:0pt; padding:0pt; text-indent:0pt; line-height:9pt; font-size:9pt; color:#000000">Princeton, New Jersey</P>
<P style="margin-left:0pt; margin-top:0pt; margin-bottom:0pt; padding:0pt; text-indent:0pt; line-height:9pt; font-size:9pt; color:#000000">December 30, 2008</P>
<P style="margin-left:0pt; margin-top:0pt; margin-bottom:0pt; padding:0pt; text-indent:0pt; font-size:9pt; color:#000000"><BR></P>
<P style="margin-left:0pt; margin-top:0pt; margin-bottom:0pt; padding:0pt; text-indent:0pt; font-size:12pt; color:#000000"><BR></P>
<P style="margin-left:0pt; margin-top:0pt; margin-bottom:0pt; padding:0pt; text-indent:0pt; font-size:12pt; color:#000000"><BR></P>
<P style="margin-left:0pt; margin-top:0pt; margin-bottom:0pt; padding:0pt; text-indent:0pt; font-size:12pt; color:#000000"><BR></P>
<P style="margin-left:0pt; margin-top:0pt; margin-bottom:0pt; padding:0pt; text-indent:0pt; font-size:12pt; color:#000000"><BR></P>
<P style="margin-left:0pt; margin-top:0pt; margin-bottom:0pt; padding:0pt; text-indent:0pt; font-size:12pt; color:#000000"><BR></P>
<P style="margin-left:0pt; margin-top:0pt; margin-bottom:0pt; padding:0pt; text-indent:0pt; font-size:12pt; color:#000000"><BR></P>
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<DOCUMENT>
<TYPE>EX-99.77O RULE 10F-3
<SEQUENCE>3
<FILENAME>globfund77o.htm
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
<HTML>
<HEAD>
<TITLE>10F-3 TRANSACTIONS</TITLE>
<META NAME="author" CONTENT="reillhe">
<META NAME="date" CONTENT="12/08/2008">
</HEAD>
<BODY>
<P style="margin-left:0pt; margin-top:0pt; margin-bottom:0pt; padding:0pt; text-indent:0pt; line-height:10pt; font-size:10pt; color:#000000" align=center><B>BlackRock Global Floating Rate Income Trust</B></P>
<P style="margin-left:0pt; margin-top:0pt; margin-bottom:0pt; padding-left:-27pt; padding-top:0pt; padding-right:0pt; padding-bottom:0pt; text-indent:0pt; line-height:10pt; font-size:10pt; color:#000000" align=center>FILE #811-21566</P>
<P style="margin-left:0pt; margin-top:0pt; margin-bottom:0pt; padding-left:-27pt; padding-top:0pt; padding-right:0pt; padding-bottom:0pt; text-indent:0pt; line-height:10pt; font-size:10pt; color:#000000" align=center>ATTACHMENT 77O</P>
<P style="margin-left:0pt; margin-top:0pt; margin-bottom:0pt; padding:0pt; text-indent:0pt; font-size:10pt; color:#000000" align=center><BR></P>
<P style="margin-left:0pt; margin-top:0pt; margin-bottom:0pt; padding:0pt; text-indent:0pt; font-size:10pt; color:#000000" align=center><BR></P>
<TABLE style="margin-left:0pt"><TR><TD style="padding-left:7.2pt; padding-top:0pt; padding-right:7.2pt; padding-bottom:0pt; border-left:0.5pt solid #000000; border-top:0.5pt solid #000000; border-right:1pt solid #000000; border-bottom:0.5pt solid #000000" align=left valign=top width=84.333><P style="margin:0pt; padding:0pt; text-indent:0pt; line-height:10pt; font-size:10pt; color:#000000" align=center><B>TRADE DATE</B></P>
</TD><TD style="padding-left:7.2pt; padding-top:0pt; padding-right:7.2pt; padding-bottom:0pt; border-top:0.5pt solid #000000; border-right:1pt solid #000000; border-bottom:0.5pt solid #000000" align=left valign=top width=206.667><P style="margin:0pt; padding:0pt; text-indent:0pt; line-height:10pt; font-size:10pt; color:#000000" align=center><B>DESCRIPTION OF SECURITY</B></P>
</TD><TD style="padding-left:7.2pt; padding-top:0pt; padding-right:7.2pt; padding-bottom:0pt; border-top:0.5pt solid #000000; border-right:1pt solid #000000; border-bottom:0.5pt solid #000000" align=left valign=top width=118.267><P style="margin:0pt; padding:0pt; text-indent:0pt; line-height:10pt; font-size:10pt; color:#000000" align=center><B>ISSUE SIZE</B></P>
</TD><TD style="padding-left:7.2pt; padding-top:0pt; padding-right:7.2pt; padding-bottom:0pt; border-top:0.5pt solid #000000; border-right:1pt solid #000000; border-bottom:0.5pt solid #000000" align=left valign=top width=102><P style="margin:0pt; padding:0pt; text-indent:0pt; line-height:10pt; font-size:10pt; color:#000000" align=center><B>AMOUNT PURCHASED</B></P>
</TD><TD style="padding-left:7.2pt; padding-top:0pt; padding-right:7.2pt; padding-bottom:0pt; border-top:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" align=left valign=top width=161.733><P style="margin:0pt; padding:0pt; text-indent:0pt; line-height:10pt; font-size:10pt; color:#000000" align=center><B>LIST OF UNDERWRITERS</B></P>
</TD></TR>
<TR><TD style="padding-left:7.2pt; padding-top:0pt; padding-right:7.2pt; padding-bottom:0pt; border:0.5pt solid #000000" align=left valign=top width=84.333><P style="margin:0pt; padding:0pt; text-indent:0pt; line-height:10pt; font-size:10pt; color:#000000" align=center>11/14/2007</P>
</TD><TD style="padding-left:7.2pt; padding-top:0pt; padding-right:7.2pt; padding-bottom:0pt; border:0.5pt solid #000000" align=left valign=top width=206.667><P style="margin:0pt; padding:0pt; text-indent:0pt; line-height:10pt; font-size:10pt; color:#000000">Windstream Regatta Holdings</P>
</TD><TD style="padding-left:7.2pt; padding-top:0pt; padding-right:7.2pt; padding-bottom:0pt; border:0.5pt solid #000000" align=left valign=top width=118.267><P style="margin:0pt; padding:0pt; text-indent:0pt; line-height:10pt; font-size:10pt; color:#000000" align=center>210,500,000</P>
</TD><TD style="padding-left:7.2pt; padding-top:0pt; padding-right:7.2pt; padding-bottom:0pt; border:0.5pt solid #000000" align=left valign=top width=102><P style="margin:0pt; padding:0pt; text-indent:0pt; line-height:10pt; font-size:10pt; color:#000000" align=center>1,300,000</P>
</TD><TD style="padding-left:7.2pt; padding-top:0pt; padding-right:7.2pt; padding-bottom:0pt; border:0.5pt solid #000000" align=left valign=top width=161.733><P style="margin:0pt; padding:0pt; text-indent:0pt; line-height:10pt; font-size:10pt; color:#000000" align=center>JPMorgan, Lehman Brothers, Merrill Lynch &amp; Co., Goldman, Sachs &amp; Co., Barclays Capital, BNP Paribas</P>
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