-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 WxsokAJtSK4uIPVyaCeHySM4uD5xpwhzj9WhKqx3lo7HKkqnNtg5SX59jy1APWzS
 yzOlWBh4ckwshGlOGoDxPA==

<SEC-DOCUMENT>0000930413-09-000497.txt : 20090128
<SEC-HEADER>0000930413-09-000497.hdr.sgml : 20090128
<ACCEPTANCE-DATETIME>20090128091535
ACCESSION NUMBER:		0000930413-09-000497
CONFORMED SUBMISSION TYPE:	N-Q
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20081130
FILED AS OF DATE:		20090128
DATE AS OF CHANGE:		20090128
EFFECTIVENESS DATE:		20090128

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BLACKROCK INSURED MUNICIPAL INCOME TRUST
		CENTRAL INDEX KEY:			0001181187
		IRS NUMBER:				000000000
		FISCAL YEAR END:			0831

	FILING VALUES:
		FORM TYPE:		N-Q
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-21178
		FILM NUMBER:		09549881

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

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

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BLACKROCK MUNICIPAL INCOME TRUST III
		DATE OF NAME CHANGE:	20020819
</SEC-HEADER>
<DOCUMENT>
<TYPE>N-Q
<SEQUENCE>1
<FILENAME>c56189_nq.htm
<TEXT>

<HTML>
<HEAD>
   <TITLE>c56189_nq.htm -- Converted by SEC Publisher, created by BCL Technologies Inc., for SEC Filing</TITLE>
</HEAD>

<BODY bgcolor="#ffffff">




<P align="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><BR>
<BR>
<B><FONT face="serif">FORM N-Q </FONT></B><BR>
<BR>
<B><FONT face="serif">QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED </FONT></B><BR>
<B><FONT face="serif">MANAGEMENT INVESTMENT COMPANY </FONT></B></P>
<P align="left">
<FONT size=2 face="serif">Investment Company Act file number 811-21178 </FONT><BR>
<BR>
<FONT size=2 face="serif">Name of Fund: BlackRock Insured Municipal Income Trust (BYM) </FONT><BR>
<BR>
<FONT size=2 face="serif">Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809 </FONT></P>

<div style="margin-left:21px;text-indent:-21px">
<P align="left">
<FONT size=2 face="serif">Name and address of agent for service: Donald C. Burke, Chief Executive Officer, BlackRock Insured Municipal Income Trust, 800 Scudders Mill Road, Plainsboro, NJ, 08536. Mailing address: P.O. </FONT></P>
</div>


<P align="left">
<FONT size=2 face="serif">Box 9011, Princeton, NJ, 08543-9011 </FONT></P>
<P align="left">
<FONT size=2 face="serif">Registrant&#146;s telephone number, including area code: (800) 882-0052, Option 4 </FONT><BR>
<BR>
<FONT size=2 face="serif">Date of fiscal year end: 08/31/2008 </FONT><BR>
<BR>
<FONT size=2 face="serif">Date of reporting period: 09/01/2008 &#150; 11/30/2008 </FONT></P>

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



<P align="left" style="page-break-before:always"></P><PAGE>
<P align="left">
<FONT size=2 face="serif">Item 1 &#150; Schedule of Investments </FONT></P>
<br>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
<TR valign="bottom">
	<TD align=left width=54% nowrap>
<B><FONT size=4 face="sans-serif">BlackRock Insured Municipal Income Trust</FONT></B>&nbsp;	</TD>
	<TD align=left width=43% nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=54% nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Schedule of Investments November 30, 2008 (Unaudited)</FONT></B>&nbsp;	</TD>
	<TD align=left width=43% nowrap style="border-bottom:1px solid #000000;">
      <div align="right"><B><FONT size=2 face="sans-serif">(Percentages shown are based on Net Assets)</FONT></B>&nbsp;	</div></TD>
</TR>
</TABLE>

<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
<TR valign="bottom">
	<TD align=left width=15% nowrap>&nbsp;	</TD>
	<TD align=left width=60% nowrap>&nbsp;	</TD>
	<TD align=right width=1% nowrap>&nbsp;	</TD>
	<TD align=right width=10% nowrap>
<B><FONT size=2 face="sans-serif">Par</FONT></B>	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
	<TD align=right width=2% nowrap>&nbsp;	</TD>
	<TD align=left width=10% nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=15% nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">State</FONT></B>&nbsp;	</TD>
	<TD align=left width=60% nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Municipal Bonds</FONT></B>&nbsp;	</TD>
	<TD align=right width=1% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right width=10% nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">(000</FONT></B>	</TD>
	<TD align=left width=2% nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">)</FONT></B>&nbsp;	</TD>
	<TD align=right width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left width=10% nowrap style="border-bottom:1px solid #000000;">
      <div align="right"><B><FONT size=2 face="sans-serif">Value</FONT></B>&nbsp;	</div></TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>
<B><FONT size=2 face="sans-serif">Alabama - 0.6%</FONT></B>&nbsp;	</TD>
	<TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Jefferson County, Alabama, Limited Obligation School Warrants,</FONT>&nbsp;	</TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=60% align=left nowrap bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">Series A, 4.75%, 1/01/25</FONT>&nbsp;	</TD>
	<TD width=1% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">&#36;</FONT>	</TD>
	<TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">2,800</FONT>	</TD>
	<TD width=2% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=2% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">&#36;</FONT>	</TD>
	<TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">1,821,204</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=15% nowrap>
<B><FONT size=2 face="sans-serif">Arizona - 0.8%</FONT></B>&nbsp;	</TD>
	<TD align=left width=60% nowrap>
<FONT size=2 face="sans-serif">Salt Verde Financial Corporation, Arizona, Senior Gas Revenue</FONT>&nbsp;	</TD>
	<TD align=right width=1% nowrap>&nbsp;	</TD>
	<TD align=left width=10% nowrap>&nbsp;	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
	<TD align=right width=2% nowrap>&nbsp;	</TD>
	<TD align=left width=10% nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=15% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left width=60% nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">Bonds, 5%, 12/01/37</FONT>&nbsp;	</TD>
	<TD align=right width=1% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right width=10% nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">4,000</FONT>	</TD>
	<TD align=left width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right width=10% nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">2,535,720</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>
<B><FONT size=2 face="sans-serif">California - 35.9%</FONT></B>&nbsp;	</TD>
	<TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Arcadia, California, Unified School District, GO (Election of</FONT>&nbsp;	</TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">2006), CABS, Series A, 4.96%, 8/01/39 (a)(b)</FONT>&nbsp;	</TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">2,000</FONT>	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">257,160</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=15% nowrap>&nbsp;	</TD>
	<TD align=left width=60% nowrap>
<FONT size=2 face="sans-serif">California Infrastructure and Economic Development Bank, First</FONT>&nbsp;	</TD>
	<TD align=right width=1% nowrap>&nbsp;	</TD>
	<TD align=left width=10% nowrap>&nbsp;	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
	<TD align=right width=2% nowrap>&nbsp;	</TD>
	<TD align=left width=10% nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=15% nowrap>&nbsp;	</TD>
	<TD align=left width=60% nowrap>
<FONT size=2 face="sans-serif">Lien Revenue Bonds (Bay Area Toll Bridges Retrofit), Series A, 5%,</FONT>&nbsp;	</TD>
	<TD align=right width=1% nowrap>&nbsp;	</TD>
	<TD align=left width=10% nowrap>&nbsp;	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
	<TD align=right width=2% nowrap>&nbsp;	</TD>
	<TD align=left width=10% nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=15% nowrap>&nbsp;	</TD>
	<TD align=left width=60% nowrap>
<FONT size=2 face="sans-serif">1/01/28 (c)(d)</FONT>&nbsp;	</TD>
	<TD align=right width=1% nowrap>&nbsp;	</TD>
	<TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">10,100</FONT>	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
	<TD align=right width=2% nowrap>&nbsp;	</TD>
	<TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">10,223,826</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">California State Department of Water Resources, Power Supply</FONT>&nbsp;	</TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Revenue Bonds, Series A, 5.375%, 5/01/12 (d)</FONT>&nbsp;	</TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">10,000</FONT>	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">11,167,700</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=15% nowrap>&nbsp;	</TD>
	<TD align=left width=60% nowrap>
<FONT size=2 face="sans-serif">Coast Community College District, California, GO, Refunding (Election of</FONT>&nbsp;	</TD>
	<TD align=right width=1% nowrap>&nbsp;	</TD>
	<TD align=left width=10% nowrap>&nbsp;	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
	<TD align=right width=2% nowrap>&nbsp;	</TD>
	<TD align=left width=10% nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=15% nowrap>&nbsp;	</TD>
	<TD align=left width=60% nowrap>
<FONT size=2 face="sans-serif">2002), Series C, 5.504%, 8/01/31 (a)(e)</FONT>&nbsp;	</TD>
	<TD align=right width=1% nowrap>&nbsp;	</TD>
	<TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">7,450</FONT>	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
	<TD align=right width=2% nowrap>&nbsp;	</TD>
	<TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">5,197,046</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Coast Community College District, California, GO, Refunding (Election of</FONT>&nbsp;	</TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">2002), Series C, 5.39%, 8/01/36 (a)(b)</FONT>&nbsp;	</TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">4,200</FONT>	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">694,428</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=15% nowrap>&nbsp;	</TD>
	<TD align=left width=60% nowrap>
<FONT size=2 face="sans-serif">Fresno, California, Unified School District, GO (Election of 2001),</FONT>&nbsp;	</TD>
	<TD align=right width=1% nowrap>&nbsp;	</TD>
	<TD align=left width=10% nowrap>&nbsp;	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
	<TD align=right width=2% nowrap>&nbsp;	</TD>
	<TD align=left width=10% nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=15% nowrap>&nbsp;	</TD>
	<TD align=left width=60% nowrap>
<FONT size=2 face="sans-serif">Series E, 5%, 8/01/30 (a)</FONT>&nbsp;	</TD>
	<TD align=right width=1% nowrap>&nbsp;	</TD>
	<TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">1,100</FONT>	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
	<TD align=right width=2% nowrap>&nbsp;	</TD>
	<TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">1,020,261</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Golden State Tobacco Securitization Corporation of California, Tobacco</FONT>&nbsp;	</TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Settlement Revenue Bonds, Series A-1, 6.625%, 6/01/13 (d)</FONT>&nbsp;	</TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">6,500</FONT>	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">7,436,520</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=15% nowrap>&nbsp;	</TD>
	<TD align=left width=60% nowrap>
<FONT size=2 face="sans-serif">Golden State Tobacco Securitization Corporation of California,</FONT>&nbsp;	</TD>
	<TD align=right width=1% nowrap>&nbsp;	</TD>
	<TD align=left width=10% nowrap>&nbsp;	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
	<TD align=right width=2% nowrap>&nbsp;	</TD>
	<TD align=left width=10% nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=15% nowrap>&nbsp;	</TD>
	<TD align=left width=60% nowrap>
<FONT size=2 face="sans-serif">Tobacco Settlement Revenue Bonds, Series A-1, 6.75%,</FONT>&nbsp;	</TD>
	<TD align=right width=1% nowrap>&nbsp;	</TD>
	<TD align=left width=10% nowrap>&nbsp;	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
	<TD align=right width=2% nowrap>&nbsp;	</TD>
	<TD align=left width=10% nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=15% nowrap>&nbsp;	</TD>
	<TD align=left width=60% nowrap>
<FONT size=2 face="sans-serif">6/01/13 (d)</FONT>&nbsp;	</TD>
	<TD align=right width=1% nowrap>&nbsp;	</TD>
	<TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">14,500</FONT>	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
	<TD align=right width=2% nowrap>&nbsp;	</TD>
	<TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">16,664,705</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Los Angeles, California, Municipal Improvement Corporation, Lease</FONT>&nbsp;	</TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Revenue Bonds, Series B1, 4.75%, 8/01/37 (f)(g)</FONT>&nbsp;	</TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">4,000</FONT>	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">3,221,160</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=15% nowrap>&nbsp;	</TD>
	<TD align=left width=60% nowrap>
<FONT size=2 face="sans-serif">Metropolitan Water District of Southern California, Waterworks</FONT>&nbsp;	</TD>
	<TD align=right width=1% nowrap>&nbsp;	</TD>
	<TD align=left width=10% nowrap>&nbsp;	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
	<TD align=right width=2% nowrap>&nbsp;	</TD>
	<TD align=left width=10% nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=15% nowrap>&nbsp;	</TD>
	<TD align=left width=60% nowrap>
<FONT size=2 face="sans-serif">Revenue Bonds, Series B-1, 5%, 10/01/33 (f)(g)</FONT>&nbsp;	</TD>
	<TD align=right width=1% nowrap>&nbsp;	</TD>
	<TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">17,500</FONT>	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
	<TD align=right width=2% nowrap>&nbsp;	</TD>
	<TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">16,298,800</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Monterey Peninsula Community College District, California, GO,</FONT>&nbsp;	</TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">CABS, Series C, 5.15%, 8/01/31 (a)(b)</FONT>&nbsp;	</TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">13,575</FONT>	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">3,039,578</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=15% nowrap>&nbsp;	</TD>
	<TD align=left width=60% nowrap>
<FONT size=2 face="sans-serif">Monterey Peninsula Community College District, California, GO,</FONT>&nbsp;	</TD>
	<TD align=right width=1% nowrap>&nbsp;	</TD>
	<TD align=left width=10% nowrap>&nbsp;	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
	<TD align=right width=2% nowrap>&nbsp;	</TD>
	<TD align=left width=10% nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=15% nowrap>&nbsp;	</TD>
	<TD align=left width=60% nowrap>
<FONT size=2 face="sans-serif">CABS, Series C, 5.16%, 8/01/32 (a)(b)</FONT>&nbsp;	</TD>
	<TD align=right width=1% nowrap>&nbsp;	</TD>
	<TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">14,150</FONT>	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
	<TD align=right width=2% nowrap>&nbsp;	</TD>
	<TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">2,959,190</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Orange County, California, Sanitation District, COP, Series B, 5%,</FONT>&nbsp;	</TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">2/01/31 (a)</FONT>&nbsp;	</TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">2,500</FONT>	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">2,284,000</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=15% nowrap>&nbsp;	</TD>
	<TD align=left width=60% nowrap>
<FONT size=2 face="sans-serif">Sacramento, California, Unified School District, GO (Election of</FONT>&nbsp;	</TD>
	<TD align=right width=1% nowrap>&nbsp;	</TD>
	<TD align=left width=10% nowrap>&nbsp;	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
	<TD align=right width=2% nowrap>&nbsp;	</TD>
	<TD align=left width=10% nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=15% nowrap>&nbsp;	</TD>
	<TD align=left width=60% nowrap>
<FONT size=2 face="sans-serif">2002), 5%, 7/01/30 (g)</FONT>&nbsp;	</TD>
	<TD align=right width=1% nowrap>&nbsp;	</TD>
	<TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">2,700</FONT>	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
	<TD align=right width=2% nowrap>&nbsp;	</TD>
	<TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">2,504,736</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">San Francisco, California, City and County Public Utilities</FONT>&nbsp;	</TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Commission, Water Revenue Refunding Bonds, Series A, 5%,</FONT>&nbsp;	</TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=60% align=left nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">11/01/31 (a)</FONT>&nbsp;	</TD>
	<TD width=1% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">15,000</FONT>	</TD>
	<TD width=2% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=2% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">13,505,700</FONT>&nbsp;	</TD>
</TR>
</TABLE>

<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
<TR valign="bottom">
  <TD align=left nowrap colspan=2 style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left nowrap colspan=2 style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Portfolio Abbreviations</FONT></B>&nbsp;	</TD>
	<TD align=left width=5% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left width=46% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap colspan=4>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=4>
<FONT size=2 face="sans-serif">To simplify the listings of portfolio holdings in the Schedule of Investments, the names and descriptions of many of the</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=2>
<FONT size=2 face="sans-serif">securities have been abbreviated according to the list below.</FONT>&nbsp;	</TD>
	<TD align=left width=5% nowrap>&nbsp;	</TD>
	<TD align=left width=46% nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap>&nbsp;</TD>
  <TD align=left nowrap>&nbsp;</TD>
  <TD align=left nowrap>&nbsp;</TD>
  <TD align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=5% nowrap>
<B><FONT size=2 face="sans-serif">AMT</FONT></B>&nbsp;	</TD>
	<TD align=left width=44% nowrap>
<FONT size=2 face="sans-serif">Alternative Minimum Tax (subject to)</FONT>&nbsp;	</TD>
	<TD align=left width=5% nowrap>
<B><FONT size=2 face="sans-serif">IDA</FONT></B>&nbsp;	</TD>
	<TD align=left width=46% nowrap>
<FONT size=2 face="sans-serif">Industrial Development Authority</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=5% nowrap>
<B><FONT size=2 face="sans-serif">CABS</FONT></B>&nbsp;	</TD>
	<TD align=left width=44% nowrap>
<FONT size=2 face="sans-serif">Capital Appreciation Bonds</FONT>&nbsp;	</TD>
	<TD align=left width=5% nowrap>
<B><FONT size=2 face="sans-serif">PCR</FONT></B>&nbsp;	</TD>
	<TD align=left width=46% nowrap>
<FONT size=2 face="sans-serif">Pollution Control Revenue Bonds</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=5% nowrap>
<B><FONT size=2 face="sans-serif">COP</FONT></B>&nbsp;	</TD>
	<TD align=left width=44% nowrap>
<FONT size=2 face="sans-serif">Certificates of Participation</FONT>&nbsp;	</TD>
	<TD align=left width=5% nowrap>
<B><FONT size=2 face="sans-serif">VRDN</FONT></B>&nbsp;	</TD>
	<TD align=left width=46% nowrap>
<FONT size=2 face="sans-serif">Variable Rate Demand Notes</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=5% nowrap>
<B><FONT size=2 face="sans-serif">GO</FONT></B>&nbsp;	</TD>
	<TD align=left width=44% nowrap>
<FONT size=2 face="sans-serif">General Obligation Bonds</FONT>&nbsp;	</TD>
	<TD align=left width=5% nowrap>&nbsp;	</TD>
	<TD align=left width=46% nowrap>&nbsp;	</TD>
</TR>
</TABLE>
<BR>
<P align="center">
<FONT size=2 face="sans-serif">1</FONT></P>

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




<A name="page_2"></A>

<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
<TR valign="bottom">
	<TD align=left width=54% nowrap>
<B><FONT size=4 face="sans-serif">BlackRock Insured Municipal Income Trust</FONT></B>&nbsp;	</TD>
	<TD align=left width=43% nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=54% nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Schedule of Investments November 30, 2008 (Unaudited)</FONT></B>&nbsp;	</TD>
	<TD align=left width=43% nowrap style="border-bottom:1px solid #000000;">
      <div align="right"><B><FONT size=2 face="sans-serif">(Percentages shown are based on Net Assets)</FONT></B>&nbsp;	</div></TD>
</TR>
</TABLE>

<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
<TR valign="bottom">
	<TD align=left width=15% nowrap>

	  <div align="left"></div></TD>
	<TD align=left width=60% nowrap>	<div align="left"></div></TD>
	<TD align=right width=1% nowrap>&nbsp;	</TD>
	<TD align=right width=10% nowrap>
<B><FONT size=2 face="sans-serif">Par</FONT></B>	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
	<TD align=right width=2% nowrap>	<div align="left"></div></TD>
	<TD align=left width=10% nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=right width=15% nowrap style="border-bottom:1px solid #000000;">
      <div align="left"><B><FONT size=2 face="sans-serif">State</FONT></B>      </div></TD>
	<TD align=right width=60% nowrap style="border-bottom:1px solid #000000;">
      <div align="left"><B><FONT size=2 face="sans-serif">Municipal Bonds</FONT></B> </div></TD>
	<TD align=right width=1% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right width=10% nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">(000</FONT></B>	</TD>
	<TD align=left width=2% nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">)</FONT></B>&nbsp;	</TD>
	<TD align=right width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
	<TD align=left width=10% nowrap style="border-bottom:1px solid #000000;">
      <div align="right"><B><FONT size=2 face="sans-serif">Value</FONT></B>&nbsp;	</div></TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>

	  <div align="left"></div></TD>
	<TD width=60% align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">San Joaquin Hills, California, Transportation Corridor Agency,</FONT> </div></TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>	<div align="left"></div></TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>

	  <div align="left"></div></TD>
	<TD width=60% align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Toll Road Revenue Refunding Bonds, Series A, 5.45%,</FONT> </div></TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>	<div align="left"></div></TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>

	  <div align="left"></div></TD>
	<TD width=60% align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">1/15/31</FONT> <font size=2 face="sans-serif">(b)(g)</font>&nbsp;</div></TD>
	<TD width=1% align=right nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">53,000</FONT>	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">&#36;</FONT> </div></TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">11,319,210</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=15% nowrap>

	  <div align="left"></div></TD>
	<TD align=right width=60% nowrap>
      <div align="left"><FONT size=2 face="sans-serif">San Jose, California, Unified School District, Santa Clara County,</FONT> </div></TD>
	<TD align=right width=1% nowrap>&nbsp;	</TD>
	<TD align=left width=10% nowrap>&nbsp;	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
	<TD align=right width=2% nowrap>	<div align="left"></div></TD>
	<TD align=left width=10% nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=15% nowrap>

	  <div align="left"></div></TD>
	<TD align=right width=60% nowrap>
      <div align="left"><FONT size=2 face="sans-serif">GO (Election of 2002), Series B, 5%, 8/01/29 (f)(g)</FONT> </div></TD>
	<TD align=right width=1% nowrap>&nbsp;	</TD>
	<TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">2,350</FONT>	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
	<TD align=right width=2% nowrap style="border-bottom:1px solid #000000;">	<div align="left">&nbsp;</div></TD>
	<TD align=right width=10% nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">2,183,832</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">

    <div align="left">&nbsp;</div></TD>
	<TD width=60% align=left nowrap style="border-bottom:1px solid #000000;">	<div align="left">&nbsp;</div></TD>
	<TD width=1% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp; </TD>
	<TD width=10% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp; </TD>
	<TD width=2% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp; </TD>
	<TD width=2% align=right nowrap style="border-bottom:1px solid #000000;">	<div align="left">&nbsp;</div></TD>
	<TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">109,977,852</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=right nowrap>
      <div align="left"><B><FONT size=2 face="sans-serif">District of Columbia -</FONT></B>      </div></TD>
	<TD width=60% align=right nowrap>
    <div align="left"><FONT size=2 face="sans-serif">District of Columbia Tobacco Settlement Financing Corporation, Asset-</FONT> </div></TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>	<div align="left"></div></TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=right nowrap style="border-bottom:1px solid #000000;">
      <div align="left"><B><FONT size=2 face="sans-serif">2.5%</FONT></B>      </div></TD>
	<TD width=60% align=right nowrap style="border-bottom:1px solid #000000;">
      <div align="left"><FONT size=2 face="sans-serif">Backed Revenue Refunding Bonds, 6.75%, 5/15/40</FONT> </div></TD>
	<TD width=1% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">9,500</FONT>	</TD>
	<TD width=2% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=2% align=right nowrap style="border-bottom:1px solid #000000;">	<div align="left">&nbsp;</div></TD>
	<TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">7,558,200</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=right nowrap>
    <div align="left"><B><FONT size=2 face="sans-serif">Florida - 12.5%</FONT></B>      </div></TD>
	<TD width=60% align=right nowrap>
    <div align="left"><FONT size=2 face="sans-serif">Broward County, Florida, School Board, COP, Series A, 5.25%,</FONT> </div></TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>	<div align="left"></div></TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>

    <div align="left"></div></TD>
	<TD width=60% align=right nowrap>
    <div align="left"><FONT size=2 face="sans-serif">7/01/33</FONT> <font size=2 face="sans-serif">(a)</font>&nbsp; </div></TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">2,000</FONT>	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>	<div align="left"></div></TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">1,820,240</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>

	  <div align="left"></div></TD>
	<TD width=60% align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Duval County, Florida, School Board, COP (Master Lease</FONT> </div></TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>	<div align="left"></div></TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>

	  <div align="left"></div></TD>
	<TD width=60% align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Program), 5%, 7/01/33 (a)</FONT> </div></TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">2,800</FONT>	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>	<div align="left"></div></TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">2,458,512</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>

    <div align="left"></div></TD>
	<TD width=60% align=right nowrap>
    <div align="left"><FONT size=2 face="sans-serif">Florida Housing Finance Corporation, Homeowner Mortgage Revenue</FONT> </div></TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>	<div align="left"></div></TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>

    <div align="left"></div></TD>
	<TD width=60% align=right nowrap>
    <div align="left"><FONT size=2 face="sans-serif">Bonds, Series 3, 5.45%, 7/01/33 (h)(i)(j)</FONT> </div></TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">5,000</FONT>	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>	<div align="left"></div></TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">4,512,150</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>

	  <div align="left"></div></TD>
	<TD width=60% align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Florida State Department of Environmental Protection,</FONT> </div></TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>	<div align="left"></div></TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>

	  <div align="left"></div></TD>
	<TD width=60% align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Preservation Revenue Bonds, Series B, 5%, 7/01/27 (g)</FONT> </div></TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">7,500</FONT>	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>	<div align="left"></div></TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">6,854,325</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>

    <div align="left"></div></TD>
	<TD width=60% align=right nowrap>
    <div align="left"><FONT size=2 face="sans-serif">Jacksonville, Florida, Health Facilities Authority, Hospital Revenue Bonds</FONT> </div></TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>	<div align="left"></div></TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>

    <div align="left"></div></TD>
	<TD width=60% align=right nowrap>
    <div align="left"><FONT size=2 face="sans-serif">(Baptist Medical Center Project), 5%, 8/15/37 (a)</FONT> </div></TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">1,900</FONT>	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>	<div align="left"></div></TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">1,629,630</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>

	  <div align="left"></div></TD>
	<TD width=60% align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Miami-Dade County, Florida, Aviation Revenue Bonds (Miami</FONT> </div></TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>	<div align="left"></div></TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>

	  <div align="left"></div></TD>
	<TD width=60% align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">International Airport), Series B, 5%, 10/01/37 (f)(g)</FONT> </div></TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">9,000</FONT>	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>	<div align="left"></div></TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">7,201,350</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>

    <div align="left"></div></TD>
	<TD width=60% align=right nowrap>
    <div align="left"><FONT size=2 face="sans-serif">Miami-Dade County, Florida, School Board, COP, Refunding,</FONT> </div></TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>	<div align="left"></div></TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>

    <div align="left"></div></TD>
	<TD width=60% align=right nowrap>
    <div align="left"><FONT size=2 face="sans-serif">Series B, 5.25%, 5/01/31 (k)</FONT> </div></TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">3,700</FONT>	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>	<div align="left"></div></TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">3,385,685</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>

	  <div align="left"></div></TD>
	<TD width=60% align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Miami-Dade County, Florida, School Board, COP, Refunding,</FONT> </div></TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>	<div align="left"></div></TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>

	  <div align="left"></div></TD>
	<TD width=60% align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Series B, 5%, 5/01/33 (k)</FONT> </div></TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">7,500</FONT>	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>	<div align="left"></div></TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">6,518,775</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>

    <div align="left"></div></TD>
	<TD width=60% align=right nowrap>
    <div align="left"><FONT size=2 face="sans-serif">Miami-Dade County, Florida, Special Obligation Revenue Bonds,</FONT> </div></TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>	<div align="left"></div></TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>

    <div align="left"></div></TD>
	<TD width=60% align=right nowrap>
    <div align="left"><FONT size=2 face="sans-serif">Sub-Series A, 5.25%, 10/01/38 (b)(g)</FONT> </div></TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">25,520</FONT>	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>	<div align="left"></div></TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">3,172,646</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>

	  <div align="left"></div></TD>
	<TD width=60% align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Miami, Florida, Special Obligation Revenue Bonds (Street and</FONT> </div></TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>	<div align="left"></div></TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>

	  <div align="left"></div></TD>
	<TD width=60% align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Sidewalk Improvement Program), 5%, 1/01/37 (g)</FONT> </div></TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">1,000</FONT>	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap style="border-bottom:1px solid #000000;">	<div align="left">&nbsp;</div></TD>
	<TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">837,740</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">

    <div align="left">&nbsp;</div></TD>
	<TD width=60% align=left nowrap style="border-bottom:1px solid #000000;">	<div align="left">&nbsp;</div></TD>
	<TD width=1% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=2% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=2% align=right nowrap style="border-bottom:1px solid #000000;">	<div align="left">&nbsp;</div></TD>
	<TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">38,391,053</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=right nowrap>
      <div align="left"><B><FONT size=2 face="sans-serif">Georgia - 3.2%</FONT></B>      </div></TD>
	<TD width=60% align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Atlanta, Georgia, Water and Wastewater Revenue Bonds, 5%,</FONT> </div></TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>	<div align="left"></div></TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>

	  <div align="left"></div></TD>
	<TD width=60% align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">11/01/34</FONT> <font size=2 face="sans-serif">(a)</font>&nbsp; </div></TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">7,000</FONT>	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>	<div align="left"></div></TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">6,050,450</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>

    <div align="left"></div></TD>
	<TD width=60% align=right nowrap>
    <div align="left"><FONT size=2 face="sans-serif">Atlanta, Georgia, Water and Wastewater Revenue Bonds, 5%,</FONT> </div></TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>	<div align="left"></div></TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>

    <div align="left"></div></TD>
	<TD width=60% align=right nowrap>
    <div align="left"><FONT size=2 face="sans-serif">11/01/37</FONT> <font size=2 face="sans-serif">(a)</font>&nbsp;</div></TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">4,475</FONT>	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap style="border-bottom:1px solid #000000;">	<div align="left">&nbsp;</div></TD>
	<TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">3,820,486</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=15% nowrap style="border-bottom:1px solid #000000;">

	  <div align="left">&nbsp;</div></TD>
	<TD align=left width=60% nowrap style="border-bottom:1px solid #000000;">	<div align="left">&nbsp;</div></TD>
	<TD align=right width=1% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left width=10% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right width=2% nowrap style="border-bottom:1px solid #000000;">	<div align="left">&nbsp;</div></TD>
	<TD align=right width=10% nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">9,870,936</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=right nowrap>
      <div align="left"><B><FONT size=2 face="sans-serif">Illinois - 4.4%</FONT></B>      </div></TD>
	<TD width=60% align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Chicago, Illinois, Motor Fuel Tax Revenue Bonds, Series A, 5%,</FONT> </div></TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>	<div align="left"></div></TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>

	  <div align="left"></div></TD>
	<TD width=60% align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">1/01/38</FONT> <font size=2 face="sans-serif">(k)</font>&nbsp; </div></TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">4,900</FONT>	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>	<div align="left"></div></TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">4,345,712</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=15% nowrap>

	  <div align="left"></div></TD>
	<TD align=right width=60% nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Chicago, Illinois, Special Transportation Revenue Bonds, 5.25%,</FONT> </div></TD>
	<TD align=right width=1% nowrap>&nbsp;	</TD>
	<TD align=left width=10% nowrap>&nbsp;	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
	<TD align=right width=2% nowrap>	<div align="left"></div></TD>
	<TD align=left width=10% nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=15% nowrap>

	  <div align="left"></div></TD>
	<TD align=right width=60% nowrap>
      <div align="left"><FONT size=2 face="sans-serif">1/01/27</FONT> <font size=2 face="sans-serif">(c)(d)</font>&nbsp; </div></TD>
	<TD align=right width=1% nowrap>&nbsp;	</TD>
	<TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">4,700</FONT>	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
	<TD align=right width=2% nowrap>	<div align="left"></div></TD>
	<TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">4,729,046</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>

	  <div align="left"></div></TD>
	<TD width=60% align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Illinois Municipal Electric Agency, Power Supply Revenue Bonds,</FONT> </div></TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>	<div align="left"></div></TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>

	  <div align="left"></div></TD>
	<TD width=60% align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Series A, 5.25%, 2/01/27 (f)(g)</FONT> </div></TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">5,000</FONT>	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap style="border-bottom:1px solid #000000;">	<div align="left">&nbsp;</div></TD>
	<TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">4,588,000</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=15% nowrap style="border-bottom:1px solid #000000;">

	  <div align="left">&nbsp;</div></TD>
	<TD align=left width=60% nowrap style="border-bottom:1px solid #000000;">	<div align="left">&nbsp;</div></TD>
	<TD align=right width=1% nowrap style="border-bottom:1px solid #000000;">&nbsp; </TD>
	<TD align=left width=10% nowrap style="border-bottom:1px solid #000000;">&nbsp; </TD>
	<TD align=left width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp; </TD>
	<TD align=right width=2% nowrap style="border-bottom:1px solid #000000;">	<div align="left">&nbsp;</div></TD>
	<TD align=right width=10% nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">13,662,758</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=right nowrap>
      <div align="left"><B><FONT size=2 face="sans-serif">Louisiana - 4.0%</FONT></B>      </div></TD>
	<TD width=60% align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Louisiana State Gas and Fuels Tax Revenue Bonds, Series A, 5%,</FONT> </div></TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>	<div align="left"></div></TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>

	  <div align="left"></div></TD>
	<TD width=60% align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">5/01/35</FONT> <font size=2 face="sans-serif">(f)(g)</font>&nbsp;</div></TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">4,685</FONT>	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>	<div align="left"></div></TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">4,140,931</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=15% nowrap>

	  <div align="left"></div></TD>
	<TD align=right width=60% nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Louisiana State Gas and Fuels Tax Revenue Bonds, Series A,</FONT> </div></TD>
	<TD align=right width=1% nowrap>&nbsp;	</TD>
	<TD align=left width=10% nowrap>&nbsp;	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
	<TD align=right width=2% nowrap>	<div align="left"></div></TD>
	<TD align=left width=10% nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=15% nowrap>

	  <div align="left"></div></TD>
	<TD align=right width=60% nowrap>
      <div align="left"><FONT size=2 face="sans-serif">4.75%, 5/01/39 (a)</FONT> </div></TD>
	<TD align=right width=1% nowrap>&nbsp;	</TD>
	<TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">9,950</FONT>	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
	<TD align=right width=2% nowrap style="border-bottom:1px solid #000000;">	<div align="left">&nbsp;</div></TD>
	<TD align=right width=10% nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">8,043,182</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">

    <div align="left">&nbsp;</div></TD>
	<TD width=60% align=left nowrap style="border-bottom:1px solid #000000;">	<div align="left">&nbsp;</div></TD>
	<TD width=1% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=2% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=2% align=right nowrap style="border-bottom:1px solid #000000;">	<div align="left">&nbsp;</div></TD>
	<TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">12,184,113</FONT>&nbsp;	</TD>
</TR>
</TABLE>
<BR>
<P align="center">
<FONT size=2 face="sans-serif">2</FONT></P>

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




<A name="page_3"></A>

<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
<TR valign="bottom">
	<TD align=left width=54% nowrap>
<B><FONT size=4 face="sans-serif">BlackRock Insured Municipal Income Trust</FONT></B>&nbsp;	</TD>
	<TD align=left width=43% nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=54% nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Schedule of Investments November 30, 2008 (Unaudited)</FONT></B>&nbsp;	</TD>
	<TD align=left width=43% nowrap style="border-bottom:1px solid #000000;">
      <div align="right"><B><FONT size=2 face="sans-serif">(Percentages shown are based on Net Assets)</FONT></B>&nbsp;	</div></TD>
</TR>
</TABLE>

<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
<TR valign="bottom">
	<TD align=left width=15% nowrap>&nbsp;	</TD>
	<TD align=left width=60% nowrap>	<div align="left"></div></TD>
	<TD align=right width=1% nowrap>&nbsp;	</TD>
	<TD align=right width=10% nowrap>
<B><FONT size=2 face="sans-serif">Par</FONT></B>	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
	<TD align=right width=2% nowrap>&nbsp;	</TD>
	<TD align=left width=10% nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=15% nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">State</FONT></B>&nbsp;	</TD>
	<TD align=right width=60% nowrap style="border-bottom:1px solid #000000;">
      <div align="left"><B><FONT size=2 face="sans-serif">Municipal Bonds</FONT></B> </div></TD>
	<TD align=right width=1% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right width=10% nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">(000</FONT></B>	</TD>
	<TD align=left width=2% nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">)</FONT></B>&nbsp;	</TD>
	<TD align=right width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left width=10% nowrap style="border-bottom:1px solid #000000;">
      <div align="right"><B><FONT size=2 face="sans-serif">Value</FONT></B>&nbsp;	</div></TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>
<B><FONT size=2 face="sans-serif">Michigan - 6.1%</FONT></B>&nbsp;	</TD>
	<TD width=60% align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Detroit, Michigan, Sewage Disposal System, Second Lien Revenue</FONT> </div></TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=60% align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Bonds, Series A, 5.50%, 7/01/36 (f)(l)</FONT> </div></TD>
	<TD width=1% align=right nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">3,000</FONT>	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">&#36;</FONT> </div></TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">2,904,750</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=15% nowrap>&nbsp;	</TD>
	<TD align=right width=60% nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Detroit, Michigan, Sewage Disposal System, Second Lien Revenue</FONT> </div></TD>
	<TD align=right width=1% nowrap>&nbsp;	</TD>
	<TD align=left width=10% nowrap>&nbsp;	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
	<TD align=right width=2% nowrap>&nbsp;	</TD>
	<TD align=left width=10% nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=15% nowrap>&nbsp;	</TD>
	<TD align=right width=60% nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Bonds, Series B, 5%, 7/01/33 (f)(g)</FONT> </div></TD>
	<TD align=right width=1% nowrap>&nbsp;	</TD>
	<TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">4,000</FONT>	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
	<TD align=right width=2% nowrap>&nbsp;	</TD>
	<TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">3,420,440</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=60% align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Detroit, Michigan, Sewage Disposal System, Second Lien Revenue</FONT> </div></TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=60% align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Bonds, Series B, 5%, 7/01/36 (f)(g)</FONT> </div></TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">7,000</FONT>	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">5,871,880</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=15% nowrap>&nbsp;	</TD>
	<TD align=right width=60% nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Detroit, Michigan, Sewage Disposal System, Second Lien Revenue</FONT> </div></TD>
	<TD align=right width=1% nowrap>&nbsp;	</TD>
	<TD align=left width=10% nowrap>&nbsp;	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
	<TD align=right width=2% nowrap>&nbsp;	</TD>
	<TD align=left width=10% nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=15% nowrap>&nbsp;	</TD>
	<TD align=right width=60% nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Refunding Bonds, Series E, 5.75%, 7/01/31 (f)(l)</FONT> </div></TD>
	<TD align=right width=1% nowrap>&nbsp;	</TD>
	<TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">3,000</FONT>	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
	<TD align=right width=2% nowrap>&nbsp;	</TD>
	<TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">3,030,660</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=60% align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Detroit, Michigan, Water Supply System Revenue Bonds, Senior</FONT> </div></TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=60% align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Lien, Series A, 5%, 7/01/30 (f)(g)</FONT> </div></TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">1,000</FONT>	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">865,660</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=15% nowrap>&nbsp;	</TD>
	<TD align=right width=60% nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Detroit, Michigan, Water Supply System Revenue Bonds, Senior</FONT> </div></TD>
	<TD align=right width=1% nowrap>&nbsp;	</TD>
	<TD align=left width=10% nowrap>&nbsp;	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
	<TD align=right width=2% nowrap>&nbsp;	</TD>
	<TD align=left width=10% nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=15% nowrap>&nbsp;	</TD>
	<TD align=right width=60% nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Lien, Series A, 5%, 7/01/34 (g)</FONT> </div></TD>
	<TD align=right width=1% nowrap>&nbsp;	</TD>
	<TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">3,000</FONT>	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
	<TD align=right width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right width=10% nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">2,547,660</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=60% align=left nowrap style="border-bottom:1px solid #000000;">	<div align="left">&nbsp;</div></TD>
	<TD width=1% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=2% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=2% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">18,641,050</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>
<B><FONT size=2 face="sans-serif">Nevada - 7.5%</FONT></B>&nbsp;	</TD>
	<TD width=60% align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Reno, Nevada, Sales and Room Tax Revenue Refunding Bonds</FONT> </div></TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=60% align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">(ReTrac-Reno Transportation Rail Access Corridor Project), Senior</FONT> </div></TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=60% align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Lien, 5.125%, 6/01/12 (c)(d)</FONT> </div></TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">5,000</FONT>	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">5,439,300</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=60% align=right nowrap>
    <div align="left"><FONT size=2 face="sans-serif">Truckee Meadows, Nevada, Water Authority, Water Revenue</FONT> </div></TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=60% align=right nowrap>
    <div align="left"><FONT size=2 face="sans-serif">Bonds, Series A, 5%, 7/01/11 (a)(d)</FONT> </div></TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">10,000</FONT>	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">10,711,900</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=60% align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Truckee Meadows, Nevada, Water Authority, Water Revenue</FONT> </div></TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=60% align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Bonds, Series A, 5.125%, 7/01/11 (a)(d)</FONT> </div></TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">6,500</FONT>	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">6,983,080</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=60% align=left nowrap style="border-bottom:1px solid #000000;">	<div align="left">&nbsp;</div></TD>
	<TD width=1% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=2% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=2% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">23,134,280</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>
<B><FONT size=2 face="sans-serif">New York - 3.7%</FONT></B>&nbsp;	</TD>
	<TD width=60% align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Metropolitan Transportation Authority, New York, Revenue</FONT> </div></TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=60% align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Bonds, Series A, 5%, 11/15/31 (a)</FONT> </div></TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">3,950</FONT>	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">3,593,552</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=60% align=right nowrap>
    <div align="left"><FONT size=2 face="sans-serif">New York City, New York, GO, VRDN, Sub-Series A-6, 1.50%,</FONT> </div></TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=60% align=right nowrap>
    <div align="left"><FONT size=2 face="sans-serif">11/01/26 (a)</FONT> <font size=2 face="sans-serif">(m)(n)</font>&nbsp;</div></TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">6,500</FONT>	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">6,500,000</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=60% align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">New York State Dormitory Authority, State Personal Income Tax Revenue</FONT> </div></TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=60% align=center nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Bonds (Education), Series B, 5.75%, 3/15/36</FONT> </div></TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">1,300</FONT>	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">1,311,947</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=60% align=left nowrap style="border-bottom:1px solid #000000;">	<div align="left">&nbsp;</div></TD>
	<TD width=1% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=2% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=2% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">11,405,499</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>
<B><FONT size=2 face="sans-serif">Pennsylvania - 1.8%</FONT></B>&nbsp;	</TD>
	<TD width=60% align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Philadelphia, Pennsylvania, Gas Works Revenue Bonds, 3rd</FONT> </div></TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=60% align=right nowrap style="border-bottom:1px solid #000000;">
      <div align="left"><FONT size=2 face="sans-serif">Series, 5.125%, 8/01/11 (a)(d)</FONT> </div></TD>
	<TD width=1% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">5,200</FONT>	</TD>
	<TD width=2% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=2% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">5,597,072</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>
<B><FONT size=2 face="sans-serif">South Carolina - 5.9%</FONT></B>&nbsp;	</TD>
	<TD width=60% align=right nowrap>
    <div align="left"><FONT size=2 face="sans-serif">South Carolina State Public Service Authority, Revenue Refunding</FONT> </div></TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=60% align=right nowrap>
    <div align="left"><FONT size=2 face="sans-serif">Bonds, Series A, 5.50%, 1/01/38</FONT> </div></TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">600</FONT>	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">579,714</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=60% align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">South Carolina Transportation Infrastructure Bank Revenue</FONT> </div></TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=60% align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Bonds, Junior Lien, Series B, 5.125%, 10/01/11 (c)(d)</FONT> </div></TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">10,000</FONT>	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">10,804,000</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=60% align=right nowrap>
    <div align="left"><FONT size=2 face="sans-serif">South Carolina Transportation Infrastructure Bank Revenue</FONT> </div></TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=60% align=right nowrap>
    <div align="left"><FONT size=2 face="sans-serif">Bonds, Series A, 5%, 10/01/33 (c)</FONT> </div></TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">7,750</FONT>	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">6,621,988</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=15% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left width=60% nowrap style="border-bottom:1px solid #000000;">	<div align="left">&nbsp;</div></TD>
	<TD align=right width=1% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left width=10% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right width=10% nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">18,005,702</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>
<B><FONT size=2 face="sans-serif">Tennessee - 5.9%</FONT></B>&nbsp;	</TD>
	<TD width=60% align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Knox County, Tennessee, Health, Educational and Housing</FONT> </div></TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=60% align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Facilities Board, Hospital Facilities Revenue Refunding Bonds</FONT> </div></TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=60% align=left nowrap>
      <div align="left"><FONT size=2 face="sans-serif">(Covenant Health), Series A, 5.84%, 1/01/22 (a)(b)</FONT> </div></TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">11,705</FONT>	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">5,323,317</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=15% nowrap>&nbsp;	</TD>
	<TD align=right width=60% nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Knox County, Tennessee, Health, Educational and Housing</FONT> </div></TD>
	<TD align=right width=1% nowrap>&nbsp;	</TD>
	<TD align=left width=10% nowrap>&nbsp;	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
	<TD align=right width=2% nowrap>&nbsp;	</TD>
	<TD align=left width=10% nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=15% nowrap>&nbsp;	</TD>
	<TD align=right width=60% nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Facilities Board, Hospital Facilities Revenue Refunding Bonds</FONT> </div></TD>
	<TD align=right width=1% nowrap>&nbsp;	</TD>
	<TD align=left width=10% nowrap>&nbsp;	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
	<TD align=right width=2% nowrap>&nbsp;	</TD>
	<TD align=left width=10% nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=15% nowrap>&nbsp;	</TD>
	<TD align=left width=60% nowrap>
      <div align="left"><FONT size=2 face="sans-serif">(Covenant Health), Series A, 5.88%, 1/01/23 (a)(b)</FONT> </div></TD>
	<TD align=right width=1% nowrap>&nbsp;	</TD>
	<TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">9,260</FONT>	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
	<TD align=right width=2% nowrap>&nbsp;	</TD>
	<TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">3,916,887</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=60% align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Knox County, Tennessee, Health, Educational and Housing</FONT> </div></TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=60% align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Facilities Board, Hospital Facilities Revenue Refunding Bonds</FONT> </div></TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=60% align=left nowrap>
      <div align="left"><FONT size=2 face="sans-serif">(Covenant Health), Series A, 5.90%, 1/01/24 (a)(b)</FONT> </div></TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">8,500</FONT>	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">3,352,825</FONT>&nbsp;	</TD>
</TR>
</TABLE>
<BR>
<P align="center">
<FONT size=2 face="sans-serif">3</FONT></P>

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




<A name="page_4"></A>

<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
<TR valign="bottom">
	<TD align=left width=54% nowrap>
<B><FONT size=4 face="sans-serif">BlackRock Insured Municipal Income Trust</FONT></B>&nbsp;	</TD>
	<TD align=left width=43% nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=54% nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Schedule of Investments November 30, 2008 (Unaudited)</FONT></B>&nbsp;	</TD>
	<TD align=left width=43% nowrap style="border-bottom:1px solid #000000;">
      <div align="right"><B><FONT size=2 face="sans-serif">(Percentages shown are based on Net Assets)</FONT></B>&nbsp;	</div></TD>
</TR>
</TABLE>

<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
<TR valign="bottom">
	<TD align=left width=15% nowrap>&nbsp;	</TD>
	<TD align=left width=60% nowrap>&nbsp;	</TD>
	<TD align=right width=1% nowrap>&nbsp;	</TD>
	<TD align=right width=10% nowrap>
<B><FONT size=2 face="sans-serif">Par</FONT></B>	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
	<TD align=right width=2% nowrap>&nbsp;	</TD>
	<TD align=left width=10% nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=15% nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">State</FONT></B>&nbsp;	</TD>
	<TD align=left width=60% nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Municipal Bonds</FONT></B>&nbsp;	</TD>
	<TD align=right width=1% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right width=10% nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">(000</FONT></B>	</TD>
	<TD align=left width=2% nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">)</FONT></B>&nbsp;	</TD>
	<TD align=right width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left width=10% nowrap style="border-bottom:1px solid #000000;">
      <div align="right"><B><FONT size=2 face="sans-serif">Value</FONT></B>&nbsp;	</div></TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Knox County, Tennessee, Health, Educational and Housing</FONT>&nbsp;	</TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Facilities Board, Hospital Facilities Revenue Refunding Bonds</FONT>&nbsp;	</TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">(Covenant Health), Series A, 5.91%, 1/01/25 (a)(b)</FONT>&nbsp;	</TD>
	<TD width=1% align=right nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">6,850</FONT>	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">&#36;</FONT> </div></TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">2,520,731</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=15% nowrap>&nbsp;	</TD>
	<TD align=left width=60% nowrap>
<FONT size=2 face="sans-serif">Knox County, Tennessee, Health, Educational and Housing</FONT>&nbsp;	</TD>
	<TD align=right width=1% nowrap>&nbsp;	</TD>
	<TD align=left width=10% nowrap>&nbsp;	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
	<TD align=right width=2% nowrap>&nbsp;	</TD>
	<TD align=left width=10% nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=15% nowrap>&nbsp;	</TD>
	<TD align=left width=60% nowrap>
<FONT size=2 face="sans-serif">Facilities Board, Hospital Facilities Revenue Refunding Bonds</FONT>&nbsp;	</TD>
	<TD align=right width=1% nowrap>&nbsp;	</TD>
	<TD align=left width=10% nowrap>&nbsp;	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
	<TD align=right width=2% nowrap>&nbsp;	</TD>
	<TD align=left width=10% nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=15% nowrap>&nbsp;	</TD>
	<TD align=left width=60% nowrap>
<FONT size=2 face="sans-serif">(Covenant Health), Series A, 5.93%, 1/01/26 (a)(b)</FONT>&nbsp;	</TD>
	<TD align=right width=1% nowrap>&nbsp;	</TD>
	<TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">5,000</FONT>	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
	<TD align=right width=2% nowrap>&nbsp;	</TD>
	<TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">1,642,600</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Knox County, Tennessee, Health, Educational and Housing</FONT>&nbsp;	</TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Facilities Board, Hospital Facilities Revenue Refunding Bonds</FONT>&nbsp;	</TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">(Covenant Health), Series A, 5.07%, 1/01/41 (b)</FONT>&nbsp;	</TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">10,000</FONT>	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">779,800</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=15% nowrap>&nbsp;	</TD>
	<TD align=left width=60% nowrap>
<FONT size=2 face="sans-serif">Tennessee Energy Acquisition Corporation, Gas Revenue Bonds,</FONT>&nbsp;	</TD>
	<TD align=right width=1% nowrap>&nbsp;	</TD>
	<TD align=left width=10% nowrap>&nbsp;	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
	<TD align=right width=2% nowrap>&nbsp;	</TD>
	<TD align=left width=10% nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=15% nowrap>&nbsp;	</TD>
	<TD align=left width=60% nowrap>
<FONT size=2 face="sans-serif">Series A, 5.25%, 9/01/26</FONT>&nbsp;	</TD>
	<TD align=right width=1% nowrap>&nbsp;	</TD>
	<TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">650</FONT>	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
	<TD align=right width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right width=10% nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">441,435</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=60% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=1% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=2% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=2% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">17,977,595</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>
<B><FONT size=2 face="sans-serif">Texas - 31.3%</FONT></B>&nbsp;	</TD>
	<TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Coppell, Texas, Independent School District, GO, Refunding,</FONT>&nbsp;	</TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">5.64%, 8/15/30 (b)</FONT>&nbsp;	</TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">10,030</FONT>	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">2,703,988</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Harris County-Houston Sports Authority, Texas, Revenue Refunding</FONT>&nbsp;	</TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Bonds, Junior Lien, Series H, 5.811%, 11/15/38 (b)(g)</FONT>&nbsp;	</TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">5,785</FONT>	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">572,541</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Harris County-Houston Sports Authority, Texas, Revenue Refunding</FONT>&nbsp;	</TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Bonds, Junior Lien, Series H, 5.826%, 11/15/39 (b)(g)</FONT>&nbsp;	</TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">6,160</FONT>	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">562,654</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Harris County-Houston Sports Authority, Texas, Revenue Refunding</FONT>&nbsp;	</TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Bonds, Third Lien, Series A-3, 5.98%, 11/15/38 (b)(g)</FONT>&nbsp;	</TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">26,890</FONT>	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">2,653,505</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Harris County-Houston Sports Authority, Texas, Revenue Refunding</FONT>&nbsp;	</TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Bonds, Third Lien, Series A-3, 5.99%, 11/15/39 (b)(g)</FONT>&nbsp;	</TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">27,675</FONT>	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">2,520,362</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Harris County, Texas, GO, Refunding, 5.49%, 8/15/25 (b)(g)</FONT>&nbsp;	</TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">7,485</FONT>	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">2,869,225</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Harris County, Texas, GO, Refunding, 5.20%, 8/15/28 (b)(g)</FONT>&nbsp;	</TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">10,915</FONT>	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">3,396,639</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Harris County, Texas, Toll Road Revenue Refunding Bonds, Senior</FONT>&nbsp;	</TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Lien, 5%, 8/15/30 (a)</FONT>&nbsp;	</TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">5,510</FONT>	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">5,136,422</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Houston, Texas, Combined Utility System, First Lien Revenue</FONT>&nbsp;	</TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Refunding Bonds, 5%, 11/15/35 (a)</FONT>&nbsp;	</TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">6,850</FONT>	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">6,150,135</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Lewisville, Texas, Independent School District, Capital Appreciation and</FONT>&nbsp;	</TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">School Building, GO, Refunding, 4.67%, 8/15/24 (b)(f)(g)</FONT>&nbsp;	</TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">5,315</FONT>	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">1,977,180</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Mansfield, Texas, Independent School District, GO, 5%, 2/15/33</FONT>&nbsp;	</TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">2,980</FONT>	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">2,789,220</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">North Texas Tollway Authority, System Revenue Refunding</FONT>&nbsp;	</TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Bonds, CABS, First Tier, 5.30%, 1/01/29 (b)(k)</FONT>&nbsp;	</TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">5,000</FONT>	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">1,289,500</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">North Texas Tollway Authority, System Revenue Refunding</FONT>&nbsp;	</TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Bonds, CABS, First Tier, 5.42%, 1/01/30 (b)(k)</FONT>&nbsp;	</TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">1,750</FONT>	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">417,603</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">North Texas Tollway Authority, System Revenue Refunding</FONT>&nbsp;	</TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Bonds, First Tier, 5.75%, 1/01/40 (g)</FONT>&nbsp;	</TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">23,050</FONT>	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">21,446,873</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">North Texas Tollway Authority, System Revenue Refunding</FONT>&nbsp;	</TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Bonds, First Tier, Series A, 6%, 1/01/25</FONT>&nbsp;	</TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">750</FONT>	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">717,180</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">San Antonio, Texas, Water System Revenue Refunding Bonds,</FONT>&nbsp;	</TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">5.125%, 5/15/29 (f)(g)</FONT>&nbsp;	</TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">9,250</FONT>	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">8,665,123</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">San Antonio, Texas, Water System Revenue Refunding Bonds,</FONT>&nbsp;	</TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">5.125%, 5/15/34 (f)(g)</FONT>&nbsp;	</TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">10,000</FONT>	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">9,095,000</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Texas State Turnpike Authority, Central Texas Turnpike System Revenue</FONT>&nbsp;	</TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Bonds, First Tier, Series A, 5%, 8/15/42 (c)</FONT>&nbsp;	</TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">28,645</FONT>	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">22,983,029</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=15% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left width=60% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right width=1% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left width=10% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right width=10% nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">95,946,179</FONT>&nbsp;	</TD>
</TR>
</TABLE>
<BR>
<P align="center">
<FONT size=2 face="sans-serif">4</FONT></P>

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




<A name="page_5"></A>

<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
<TR valign="bottom">
	<TD align=left width=54% nowrap>
<B><FONT size=4 face="sans-serif">BlackRock Insured Municipal Income Trust</FONT></B>&nbsp;	</TD>
	<TD align=left width=43% nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=54% nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Schedule of Investments November 30, 2008 (Unaudited)</FONT></B>&nbsp;	</TD>
	<TD align=left width=43% nowrap style="border-bottom:1px solid #000000;">
      <div align="right"><B><FONT size=2 face="sans-serif">(Percentages shown are based on Net Assets)</FONT></B>&nbsp;	</div></TD>
</TR>
</TABLE>

<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
<TR valign="bottom">
  <TD align=left nowrap style="border-bottom:0px solid #000000;">&nbsp;</TD>
  <TD align=right nowrap style="border-bottom:0px solid #000000;">&nbsp;</TD>
  <TD align=right nowrap style="border-bottom:0px solid #000000;">&nbsp;</TD>
  <TD align=right nowrap style="border-bottom:0px solid #000000;"><B><FONT size=2 face="sans-serif">Par</FONT></B> </TD>
  <TD align=left nowrap style="border-bottom:0px solid #000000;">&nbsp;</TD>
  <TD align=right nowrap style="border-bottom:0px solid #000000;">&nbsp;</TD>
  <TD align=left nowrap style="border-bottom:0px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=15% nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">State</FONT></B>&nbsp;	</TD>
	<TD align=right width=60% nowrap style="border-bottom:1px solid #000000;">
      <div align="left"><B><FONT size=2 face="sans-serif">Municipal Bonds</FONT></B> </div></TD>
	<TD align=right width=1% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right width=10% nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">(000</FONT></B>	</TD>
	<TD align=left width=2% nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">)</FONT></B>&nbsp;	</TD>
	<TD align=right width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left width=10% nowrap style="border-bottom:1px solid #000000;">
      <div align="right"><B><FONT size=2 face="sans-serif">Value</FONT></B>&nbsp;	</div></TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>
<B><FONT size=2 face="sans-serif">Virginia - 0.2%</FONT></B>&nbsp;	</TD>
	<TD width=60% align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Chesterfield County, Virginia, IDA, PCR (Virginia Electric and</FONT> </div></TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=60% align=right nowrap style="border-bottom:1px solid #000000;">
      <div align="left"><FONT size=2 face="sans-serif">Power Company), Series A, 5.875%, 6/01/17</FONT> </div></TD>
	<TD width=1% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">&#36;</FONT>	</TD>
	<TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">500</FONT>	</TD>
	<TD width=2% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=2% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">&#36;</FONT>	</TD>
	<TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">501,095</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=15% nowrap>
<B><FONT size=2 face="sans-serif">Washington - 10.2%</FONT></B>&nbsp;	</TD>
	<TD align=right width=60% nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Central Washington University, System Revenue Bonds, 5%,</FONT> </div></TD>
	<TD align=right width=1% nowrap>&nbsp;	</TD>
	<TD align=left width=10% nowrap>&nbsp;	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
	<TD align=right width=2% nowrap>&nbsp;	</TD>
	<TD align=left width=10% nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=15% nowrap>&nbsp;	</TD>
	<TD align=right width=60% nowrap>
      <div align="left"><FONT size=2 face="sans-serif">5/01/34</FONT> <font size=2 face="sans-serif">(f)(g)</font>&nbsp;</div></TD>
	<TD align=right width=1% nowrap>&nbsp;	</TD>
	<TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">9,000</FONT>	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
	<TD align=right width=2% nowrap>&nbsp;	</TD>
	<TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">7,606,260</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=60% align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Chelan County, Washington, Public Utility District Number 001,</FONT> </div></TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=60% align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Consolidated Revenue Bonds (Chelan Hydro System), AMT, Series C,</FONT> </div></TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=60% align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">5.125%, 7/01/33 (c)</FONT> </div></TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">3,655</FONT>	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">3,365,085</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=15% nowrap>&nbsp;	</TD>
	<TD align=right width=60% nowrap>
      <div align="left"><FONT size=2 face="sans-serif">King County, Washington, Sewer Revenue Refunding Bonds, 5%,</FONT> </div></TD>
	<TD align=right width=1% nowrap>&nbsp;	</TD>
	<TD align=left width=10% nowrap>&nbsp;	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
	<TD align=right width=2% nowrap>&nbsp;	</TD>
	<TD align=left width=10% nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=15% nowrap>&nbsp;	</TD>
	<TD align=right width=60% nowrap>
      <div align="left"><FONT size=2 face="sans-serif">1/01/36</FONT> <font size=2 face="sans-serif">(a)</font>&nbsp; </div></TD>
	<TD align=right width=1% nowrap>&nbsp;	</TD>
	<TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">2,200</FONT>	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
	<TD align=right width=2% nowrap>&nbsp;	</TD>
	<TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">1,980,264</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=60% align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Port of Seattle, Washington, Revenue Bonds, Series A, 5%,</FONT> </div></TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=60% align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">4/01/31</FONT> <font size=2 face="sans-serif">(f)(g)</font>&nbsp;</div></TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">4,500</FONT>	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">3,756,195</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=15% nowrap>&nbsp;	</TD>
	<TD align=right width=60% nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Washington State, GO, Series 02-A, 5%, 7/01/25 (a)</FONT> </div></TD>
	<TD align=right width=1% nowrap>&nbsp;	</TD>
	<TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">6,380</FONT>	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
	<TD align=right width=2% nowrap>&nbsp;	</TD>
	<TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">6,245,956</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=60% align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Washington State Health Care Facilities Authority Revenue Bonds</FONT> </div></TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=60% align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">(MultiCare Health System), Series C, 5.50%, 8/15/43 (k)</FONT> </div></TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">6,900</FONT>	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">6,284,658</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=15% nowrap>&nbsp;	</TD>
	<TD align=right width=60% nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Washington State Health Care Facilities Authority, Revenue</FONT> </div></TD>
	<TD align=right width=1% nowrap>&nbsp;	</TD>
	<TD align=left width=10% nowrap>&nbsp;	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
	<TD align=right width=2% nowrap>&nbsp;	</TD>
	<TD align=left width=10% nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=15% nowrap>&nbsp;	</TD>
	<TD align=right width=60% nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Refunding Bonds (MultiCare Health System), Series A, 5.50%,</FONT> </div></TD>
	<TD align=right width=1% nowrap>&nbsp;	</TD>
	<TD align=left width=10% nowrap>&nbsp;	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
	<TD align=right width=2% nowrap>&nbsp;	</TD>
	<TD align=left width=10% nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=15% nowrap>&nbsp;	</TD>
	<TD align=right width=60% nowrap>
      <div align="left"><FONT size=2 face="sans-serif">8/15/38</FONT> <font size=2 face="sans-serif">(a)</font>&nbsp;</div></TD>
	<TD align=right width=1% nowrap>&nbsp;	</TD>
	<TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">2,250</FONT>	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
	<TD align=right width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right width=10% nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">2,020,343</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=60% align=left nowrap style="border-bottom:1px solid #000000;">	<div align="left">&nbsp;</div></TD>
	<TD width=1% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=2% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=2% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">31,258,761</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=60% align=right nowrap style="border-bottom:1px solid #000000;">
      <div align="left"><B><FONT size=2 face="sans-serif">Total Municipal Bonds - 136.5%</FONT></B> </div></TD>
	<TD width=1% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=2% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=2% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">418,469,069</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=60% align=right nowrap>
    <div align="left"><B><FONT size=2 face="sans-serif">Municipal Bonds Transferred to</FONT></B> </div></TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=60% align=right nowrap style="border-bottom:1px solid #000000;">
    <div align="left"><B><FONT size=2 face="sans-serif">Tender Option Bond Trusts (o)</FONT></B> </div></TD>
	<TD width=1% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=2% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=2% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>
<B><FONT size=2 face="sans-serif">California - 4.1%</FONT></B>&nbsp;	</TD>
	<TD width=60% align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">San Diego County, California, Water Authority, Water Revenue</FONT> </div></TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=60% align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Refunding Bonds, COP, Series A, 5%, 5/01/33 (a)</FONT> </div></TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">4,870</FONT>	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">4,294,999</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=60% align=right nowrap>
    <div align="left"><FONT size=2 face="sans-serif">University of California Revenue Bonds, Series C, 4.75%, 5/15/37 (g)</FONT> </div></TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">10,000</FONT>	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">8,351,100</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=15% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left width=60% nowrap style="border-bottom:1px solid #000000;">	<div align="left">&nbsp;</div></TD>
	<TD align=right width=1% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left width=10% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right width=10% nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">12,646,099</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>
<B><FONT size=2 face="sans-serif">Illinois - 7.3%</FONT></B>&nbsp;	</TD>
	<TD width=60% align=right nowrap>
    <div align="left"><FONT size=2 face="sans-serif">Metropolitan Pier and Exposition Authority, Illinois, Dedicated State</FONT> </div></TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6" >
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=60% align=right nowrap>
    <div align="left"><FONT size=2 face="sans-serif">Tax Revenue Bonds (McCormick Place Expansion), Series A, 5%,</FONT> </div></TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=60% align=right nowrap style="border-bottom:1px solid #000000;">
    <div align="left"><FONT size=2 face="sans-serif">12/15/28</FONT> <font size=2 face="sans-serif">(g)</font>&nbsp;</div></TD>
	<TD width=1% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">24,010</FONT>	</TD>
	<TD width=2% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=2% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">22,259,671</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>
<B><FONT size=2 face="sans-serif">Massachusetts - 4.0%</FONT></B>&nbsp;	</TD>
	<TD width=60% align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Massachusetts State School Building Authority, Dedicated Sales Tax</FONT> </div></TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=60% align=right nowrap style="border-bottom:1px solid #000000;">
      <div align="left"><FONT size=2 face="sans-serif">Revenue Bonds, Series A, 5%, 8/15/30 (a)</FONT> </div></TD>
	<TD width=1% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">12,987</FONT>	</TD>
	<TD width=2% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=2% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">12,310,731</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>
<B><FONT size=2 face="sans-serif">New York - 3.5%</FONT></B>&nbsp;	</TD>
	<TD width=60% align=right nowrap>
    <div align="left"><FONT size=2 face="sans-serif">Erie County, New York, IDA, School Facility Revenue Bonds</FONT> </div></TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=60% align=right nowrap>
    <div align="left"><FONT size=2 face="sans-serif">(City of Buffalo Project), Series A, 5.75%, 5/01/28 (a)</FONT> </div></TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">4,494</FONT>	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">4,509,051</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=60% align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Metropolitan Transportation Authority, New York, Dedicated Tax Fund</FONT> </div></TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=60% align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Revenue Bonds, Series A, 5%, 11/15/31 (g)</FONT> </div></TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">7,002</FONT>	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">6,049,323</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=60% align=left nowrap style="border-bottom:1px solid #000000;">	<div align="left">&nbsp;</div></TD>
	<TD width=1% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=2% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=2% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">10,558,374</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=15% nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Texas - 3.0%</FONT></B>&nbsp;	</TD>
	<TD align=right width=60% nowrap style="border-bottom:1px solid #000000;">
      <div align="left"><FONT size=2 face="sans-serif">Northside, Texas, Independent School District, GO, 5.125%, 6/15/29</FONT> </div></TD>
	<TD align=right width=1% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right width=10% nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">9,500</FONT>	</TD>
	<TD align=left width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right width=10% nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">9,211,846</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>
<B><FONT size=2 face="sans-serif">Utah - 1.5%</FONT></B>&nbsp;	</TD>
	<TD width=60% align=right nowrap>
    <div align="left"><FONT size=2 face="sans-serif">Utah Transit Authority, Sales Tax Revenue Bonds,</FONT> </div></TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=60% align=right nowrap style="border-bottom:1px solid #000000;">
    <div align="left"><FONT size=2 face="sans-serif">Series A, 5%, 6/15/36 (a)</FONT> </div></TD>
	<TD width=1% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">5,000</FONT>	</TD>
	<TD width=2% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=2% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">4,640,600</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=15% nowrap>
<B><FONT size=2 face="sans-serif">Washington - 1.0%</FONT></B>&nbsp;	</TD>
	<TD align=right width=60% nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Central Puget Sound Regional Transportation Authority,</FONT> </div></TD>
	<TD align=right width=1% nowrap>&nbsp;	</TD>
	<TD align=left width=10% nowrap>&nbsp;	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
	<TD align=right width=2% nowrap>&nbsp;	</TD>
	<TD align=left width=10% nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=15% nowrap>&nbsp;	</TD>
	<TD align=right width=60% nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Washington, Sales and Use Tax Revenue Bonds, Series A, 5%,</FONT> </div></TD>
	<TD align=right width=1% nowrap>&nbsp;	</TD>
	<TD align=left width=10% nowrap>&nbsp;	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
	<TD align=right width=2% nowrap>&nbsp;	</TD>
	<TD align=left width=10% nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=15% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right width=60% nowrap style="border-bottom:1px solid #000000;">
      <div align="left"><FONT size=2 face="sans-serif">11/01/32</FONT> <font size=2 face="sans-serif">(a)</font>&nbsp;</div></TD>
	<TD align=right width=1% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right width=10% nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">3,494</FONT>	</TD>
	<TD align=left width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right width=10% nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">3,202,359</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=60% align=right nowrap>
    <div align="left"><B><FONT size=2 face="sans-serif">Total Municipal Bonds Transferred to</FONT></B> </div></TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=60% align=right nowrap style="border-bottom:1px solid #000000;">
    <div align="left"><B><FONT size=2 face="sans-serif">Tender Option Bond Trusts - 24.4%</FONT></B> </div></TD>
	<TD width=1% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=2% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=2% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">74,829,680</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=15% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right width=60% nowrap style="border-bottom:1px solid #000000;">
      <div align="left"><B><FONT size=2 face="sans-serif">Total Long-Term Investments
    (Cost - &#36;547,903,920) - 160.9%</FONT></B> </div></TD>
	<TD align=right width=1% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left width=10% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right width=10% nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">493,298,749</FONT>&nbsp;	</TD>
</TR>
</TABLE>
<BR>
<P align="center">
<FONT size=2 face="sans-serif">5</FONT></P>

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




<A name="page_6"></A>

<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
<TR valign="bottom">
	<TD align=left width=54% nowrap>
<B><FONT size=4 face="sans-serif">BlackRock Insured Municipal Income Trust</FONT></B>&nbsp;	</TD>
	<TD align=left width=43% nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=54% nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Schedule of Investments November 30, 2008 (Unaudited)</FONT></B>&nbsp;	</TD>
	<TD align=left width=43% nowrap style="border-bottom:1px solid #000000;">
      <div align="right"><B><FONT size=2 face="sans-serif">(Percentages shown are based on Net Assets)</FONT></B>&nbsp;	</div></TD>
</TR>
</TABLE>

<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
<TR valign="bottom">
  <TD align=left width=15% nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
	<TD align=left width=61% nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Short-Term Securities</FONT></B>&nbsp;	</TD>
	<TD align=center width=10% nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Shares</FONT></B>&nbsp;	</TD>
	<TD align=left width=1% nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
	<TD align=center width=10% nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Value</FONT></B>	</TD>
	<TD align=left width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
	<TD width=61% align=left nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">Merrill Lynch Institutional Tax-Exempt Fund, 1.63% (p)(q)</FONT>&nbsp;	</TD>
	<TD width=10% align=center nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">4,700,000</FONT>&nbsp;	</TD>
	<TD width=1% align=right nowrap style="border-bottom:1px solid #000000;">
      <div align="left"><FONT size=2 face="sans-serif">&#36;</FONT> </div></TD>
	<TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">4,700,000</FONT>	</TD>
	<TD width=2% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
</TR>
<TR valign="bottom">
  <TD align=left width=15% nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
	<TD align=left width=61% nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Total Short-Term Securities (Cost - &#36;4,700,000) - 1.5%</FONT></B>&nbsp;	</TD>
	<TD align=left width=10% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right width=1% nowrap style="border-bottom:1px solid #000000;">	<div align="left">&nbsp;</div></TD>
	<TD align=right width=10% nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">4,700,000</FONT>	</TD>
	<TD align=left width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
	<TD width=61% align=left nowrap>
<B><FONT size=2 face="sans-serif">Total Investments (Cost - &#36;552,603,920*) - 162.4%</FONT></B>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD width=1% align=right nowrap>	<div align="left"></div></TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">497,998,749</FONT>	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
  <TD align=left width=15% nowrap>&nbsp;</TD>
	<TD align=left width=61% nowrap>
<B><FONT size=2 face="sans-serif">Other Assets Less Liabilities - 1.6%</FONT></B>&nbsp;	</TD>
	<TD align=left width=10% nowrap>&nbsp;	</TD>
	<TD align=right width=1% nowrap>	<div align="left"></div></TD>
	<TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">4,825,384</FONT>	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
	<TD width=61% align=left nowrap>
<B><FONT size=2 face="sans-serif">Liability for Trust Certificates, Including Interest</FONT></B>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD width=1% align=right nowrap>	<div align="left"></div></TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left width=15% nowrap>&nbsp;</TD>
	<TD align=left width=61% nowrap>
<B><FONT size=2 face="sans-serif">Expense and Fees Payable - (15.1)%</FONT></B>&nbsp;	</TD>
	<TD align=left width=10% nowrap>&nbsp;	</TD>
	<TD align=right width=1% nowrap>	<div align="left"></div></TD>
	<TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">(46,202,983</FONT>	</TD>
	<TD align=left width=2% nowrap>
<FONT size=2 face="sans-serif">)</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
	<TD width=61% align=left nowrap>
<B><FONT size=2 face="sans-serif">Preferred Shares, at Redemption Value - (48.9)%</FONT></B>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD width=1% align=right nowrap style="border-bottom:1px solid #000000;">	<div align="left">&nbsp;</div></TD>
	<TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">(149,975,133</FONT>	</TD>
	<TD width=2% align=left nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">)</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
	<TD width=61% align=left nowrap>
<B><FONT size=2 face="sans-serif">Net Assets Applicable to Common Shares - 100.0%</FONT></B>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD width=1% align=right nowrap style="border-bottom:3px double #000000;">
    <div align="left"><FONT size=2 face="sans-serif">&#36;</FONT> </div></TD>
	<TD width=10% align=right nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="sans-serif">306,646,017</FONT>	</TD>
	<TD width=2% align=left nowrap style="border-bottom:3px double #000000;">&nbsp;	</TD>
</TR>
</TABLE>
<BR>

<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr>
    <td width="3%" valign="top"><font size=2 face="sans-serif">*</font></td>
    <td width="97%" valign="top"><font size=2 face="sans-serif"> The cost and
        unrealized appreciation (depreciation) of investments as of November
    30, 2008, as computed for federal income tax purposes, were as follows:</font></td>
  </tr>

  <tr>
    <td width="3%" valign="top">&nbsp;</td>
    <td width="97%" valign="top">&nbsp;</td>
  </tr>
</table>


<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
<TR valign="bottom">
  <TD align=left width=3% nowrap>&nbsp;</TD>
	<TD align=left width=33% nowrap>
<FONT size=2 face="sans-serif">Aggregate cost</FONT>&nbsp;	</TD>
	<TD align=right width=3% nowrap style="border-bottom:1px solid #000000;">
      <div align="left"><FONT size=2 face="sans-serif">&#36;</FONT> </div></TD>
	<TD align=right width=20% nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">502,647,385</FONT>	</TD>
	<TD align=left width=41% nowrap style="border-bottom:0px solid #000000;">&nbsp;	</TD>
</TR>
<TR valign="bottom">
  <TD align=left width=3% nowrap>&nbsp;</TD>
	<TD align=left width=33% nowrap>
<FONT size=2 face="sans-serif">Gross unrealized appreciation</FONT>&nbsp;	</TD>
	<TD align=right width=3% nowrap>
      <div align="left"><FONT size=2 face="sans-serif">&#36;</FONT> </div></TD>
	<TD align=right width=20% nowrap>
<FONT size=2 face="sans-serif">9,434,464</FONT>	</TD>
	<TD align=left width=41% nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
  <TD align=left width=3% nowrap>&nbsp;</TD>
	<TD align=left width=33% nowrap>
<FONT size=2 face="sans-serif">Gross unrealized depreciation</FONT>&nbsp;	</TD>
	<TD align=left width=3% nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
	<TD align=right width=20% nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">(59,836,109</FONT>	</TD>
	<TD align=left width=41% nowrap style="border-bottom:0px solid #000000;">
<FONT size=2 face="sans-serif">)</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom">
  <TD align=left width=3% nowrap>&nbsp;</TD>
	<TD align=left width=33% nowrap>
<FONT size=2 face="sans-serif">Net unrealized depreciation</FONT>&nbsp;	</TD>
	<TD align=right width=3% nowrap style="border-bottom:3px double #000000;">
      <div align="left"><FONT size=2 face="sans-serif">&#36;</FONT> </div></TD>
	<TD width=20% align=right valign="bottom" nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="sans-serif">(50,401,645</FONT>	</TD>
	<TD width=41% align=left valign="baseline" nowrap><FONT size=2 face="sans-serif">)</FONT></TD>
</TR>
</TABLE>
<BR>

<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr>
    <td width="3%" valign="top"><font size=2 face="sans-serif">(a) </font></td>
    <td width="97%" valign="top"><font size=2 face="sans-serif">FSA Insured.</font></td>
  </tr>
  <tr>
    <td valign="top"><font size=2 face="sans-serif">(b) </font></td>
    <td width="97%" valign="top"><font size=2 face="sans-serif">Represents a zero-coupon
    bond. Rate shown reflects the effective yield at the time of purchase.</font></td>
  </tr>
  <tr>
    <td valign="top"><font size=2 face="sans-serif">(c) </font></td>
    <td width="97%" valign="top"><font size=2 face="sans-serif"> AMBAC Insured.</font></td>
  </tr>
  <tr>
    <td valign="top"><font size=2 face="sans-serif">(d) </font></td>
    <td width="97%" valign="top"><font size=2 face="sans-serif">U.S. government securities,
        held in escrow, are used to pay interest on this security as well as
        to retire the bond in full at the date indicated, typically at a premium
    to par.</font></td>
  </tr>
  <tr>
    <td valign="top"><font size=2 face="sans-serif">(e) </font></td>
    <td width="97%" valign="top"><font size=2 face="sans-serif">Represents a step bond.
    Rate shown is as of report date.</font></td>
  </tr>
  <tr>
    <td valign="top"><font size=2 face="sans-serif">(f) </font></td>
    <td width="97%" valign="top"><font size=2 face="sans-serif"> FGIC Insured.</font></td>
  </tr>
  <tr>
    <td valign="top"><font size=2 face="sans-serif">(g) </font></td>
    <td width="97%" valign="top"><font size=2 face="sans-serif">MBIA Insured.</font></td>
  </tr>
  <tr>
    <td valign="top"><font size=2 face="sans-serif">(h) </font></td>
    <td width="97%" valign="top"><font size=2 face="sans-serif">FNMA Collateralized.
    (i) FHLMC Collateralized.</font></td>
  </tr>
  <tr>
    <td valign="top"><font size=2 face="sans-serif">(j) </font></td>
    <td width="97%" valign="top"><font size=2 face="sans-serif"> GNMA Collateralized.</font></td>
  </tr>
  <tr>
    <td valign="top"><font size=2 face="sans-serif">(k) </font></td>
    <td width="97%" valign="top"><font size=2 face="sans-serif">Assured Guaranty Insured.
    </font></td>
  </tr>
  <tr>
    <td width="3%" valign="top"><font size=2 face="sans-serif">(l) </font></td>
    <td width="97%" valign="top"><font size=2 face="sans-serif">BHAC Insured.</font></td>
  </tr>
  <tr>
    <td valign="top"><font size=2 face="sans-serif">(m) </font></td>
    <td width="97%" valign="top"><font size=2 face="sans-serif">Security may have a maturity
        of more than one year at the time of issuance, but has variable rate
    and demand features that qualify it as a short-term security.</font></td>
  </tr>
  <tr>
    <td valign="top"><font size=2 face="sans-serif">(n)</font></td>
    <td width="97%" valign="top"><font size=2 face="sans-serif"> Variable rate security.
        Rate shown is as of report date. Maturity shown is the final maturity
    date.</font></td>
  </tr>
  <tr>
    <td valign="top"><font size=2 face="sans-serif">(o)</font></td>
    <td width="97%" valign="top"><font size=2 face="sans-serif"> Securities represent
        bonds transferred to a tender option bond trust in exchange for which
        the Trust acquired residual interest certificates. These securities serve
    as collateral in a financing transaction.</font></td>
  </tr>
  <tr>
    <td width="3%" valign="top"><font size=2 face="sans-serif">(p)</font></td>
    <td width="97%" valign="top"><font size=2 face="sans-serif"> Investments
        in companies considered to be an affiliate of the Trust, for purposes
    of Section 2(a)(3) of the Investment Company Act of 1940, were as follows:</font></td>
  </tr>
</table>


<TABLE border=0 width=70% cellspacing=0 cellpadding=0>
<TR valign="bottom">
	<TD align=left width=62% nowrap>&nbsp;	</TD>
	<TD align=center width=17% nowrap>
<B><FONT size=2 face="sans-serif">Net</FONT></B>&nbsp;	</TD>
	<TD align=right width=9% nowrap>&nbsp;	</TD>
	<TD align=left width=12% nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=62% nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Affiliate</FONT></B>&nbsp;	</TD>
	<TD align=center width=17% nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Activity</FONT></B>&nbsp;	</TD>
	<TD align=right width=9% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=center width=12% nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Income</FONT></B>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=62% nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">Merrill Lynch Institutional Tax-Exempt Fund</FONT>&nbsp;	</TD>
	<TD align=center width=17% nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">538,936</FONT>&nbsp;	</TD>
	<TD align=right width=9% nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">&#36;</FONT>	</TD>
	<TD align=center width=12% nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">40,174</FONT>&nbsp;	</TD>
</TR>
</TABLE>
<BR>

<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr>
    <td width="3%" valign="top"><font size=2 face="sans-serif">(q) </font></td>
    <td width="97%" valign="top"><font size=2 face="sans-serif">Represents
    the current yield as of report date.</font></td>
  </tr>
  <tr>
    <td width="3%" valign="top">&nbsp;</td>
    <td width="97%" valign="top">&nbsp;</td>
  </tr>
  <tr>
    <td width="3%" valign="top">&nbsp;</td>
    <td width="97%" valign="top">&nbsp;</td>
  </tr>
</table>
<P align="left">&nbsp;</P>
<P align="center">
<FONT size=2 face="sans-serif">6</FONT></P>

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




<A name="page_7"></A>

<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
<TR valign="bottom">
	<TD align=left width=100% nowrap>
<B><FONT size=4 face="sans-serif">BlackRock Insured Municipal Income Trust</FONT></B>&nbsp;
	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=100% nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Schedule of Investments November 30, 2008 (Unaudited)</FONT></B>&nbsp;
	</TD>
</TR>
</TABLE><BR>


<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr>
    <td width="3%" valign="top"><font size=2 face="sans-serif">&#149;</font></td>
    <td colspan="3" valign="top"><font size=2 face="sans-serif">Effective
        September 1, 2008, the Trust adopted Financial Accounting Standards Board
        Statement of Financial Accounting Standards No. 157, "Fair Value Measurements" ("FAS
        157"). FAS 157 clarifies the definition of fair value, establishes a
        framework for measuring fair values and requires additional disclosures
        about the use of fair value measurements. Various inputs are used in
    determining the fair value of investments, which are as follows: </font></td>
  </tr>
  <tr>
    <td valign="top">&nbsp;</td>
    <td colspan="3" valign="top">&nbsp;</td>
  </tr>
  <tr>
    <td valign="top">&nbsp;</td>
    <td width="3%" valign="top">&nbsp;</td>
    <td width="3%" valign="top"><font size=2 face="sans-serif">&#149;</font></td>
    <td width="91%" valign="top"><font size=2 face="sans-serif">Level
    1 - price quotations in active markets/exchanges for identical securities</font></td>
  </tr>
  <tr>
    <td valign="top">&nbsp;</td>
    <td colspan="3" valign="top">&nbsp;</td>
  </tr>
  <tr>
    <td valign="top">&nbsp;</td>
    <td valign="top">&nbsp;</td>
    <td valign="top"><font size=2 face="sans-serif">&#149;</font></td>
    <td valign="top"><font size=2 face="sans-serif">Level
        2 - other observable inputs (including, but not limited to: quoted prices
        for similar assets or liabilities in markets that are not active, inputs
        other than quoted prices that are observable for the assets or liabilities
        (such as interest rates, yield curves, volatilities, prepayment speeds,
        loss severities, credit risks, and default rates) or other market-corroborated
    inputs) </font></td>
  </tr>
  <tr>
    <td valign="top">&nbsp;</td>
    <td valign="top">&nbsp;</td>
    <td valign="top">&nbsp;</td>
    <td valign="top">&nbsp;</td>
  </tr>
  <tr>
    <td valign="top">&nbsp;</td>
    <td valign="top">&nbsp;</td>
    <td valign="top"><font size=2 face="sans-serif">&#149;</font></td>
    <td valign="top"><font size=2 face="sans-serif">Level
        3 - unobservable inputs based on the best information available in the
        circumstance, to the extent observable inputs are not available (including
    the Trust's own assumption used in determining the fair value of investments)</font></td>
  </tr>
  <tr>
    <td width="3%" valign="top">&nbsp;</td>
    <td valign="top">&nbsp;</td>
    <td valign="top">&nbsp;</td>
    <td valign="top">&nbsp;</td>
  </tr>

  <tr>
    <td valign="top">&nbsp;</td>
    <td colspan="3" valign="top"><font size=2 face="sans-serif">The inputs or
        methodology used for valuing securities are not necessarily an indication
        of the risk associated with investing in those securities. For information
        about the Trust's policy regarding valuation of investments and other
        significant accounting policies, please refer to the Trust's most recent
    financial statements as contained in its annual report.</font></td>
  </tr>
  <tr>
    <td valign="top">&nbsp;</td>
    <td colspan="3" valign="top">&nbsp;</td>
  </tr>
  <tr>
    <td valign="top">&nbsp;</td>
    <td colspan="3" valign="top"><font size=2 face="sans-serif">The following
        table summarizes the inputs used as of November 30, 2008 in determining
    the fair valuation of the Trust's investments:</font></td>
  </tr>
  <tr>
    <td width="3%" valign="top">&nbsp;</td>
    <td colspan="3" valign="top">&nbsp;</td>
  </tr>
</table>

<TABLE border=0 width=50% cellspacing=0 cellpadding=0>
<TR valign="bottom">
  <TD align=center width=6% nowrap>&nbsp;</TD>
	<TD align=center width=25% nowrap>
<B><FONT size=2 face="sans-serif">Valuation</FONT></B>&nbsp;	</TD>
	<TD align=right width=39% nowrap>&nbsp;</TD>
	<TD align=right width=2% nowrap>&nbsp;	</TD>
	<TD align=center width=28% nowrap>
<B><FONT size=2 face="sans-serif">Investments in</FONT></B>&nbsp;	</TD>
</TR>
<TR valign="bottom">
  <TD align=center width=6% nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
	<TD align=center width=25% nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Inputs</FONT></B>&nbsp;	</TD>
	<TD align=right width=39% nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
	<TD align=right width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=center width=28% nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Securities</FONT></B>&nbsp;	</TD>
</TR>
<TR valign="bottom">
  <TD align=left width=6% nowrap>&nbsp;</TD>
	<TD align=left width=25% nowrap>
<FONT size=2 face="sans-serif">Level 1</FONT>&nbsp;	</TD>
	<TD align=right width=39% nowrap>&nbsp;</TD>
	<TD align=right width=2% nowrap>
      <div align="left"><FONT size=2 face="sans-serif">&#36;</FONT> </div></TD>
	<TD align=right width=28% nowrap>
<FONT size=2 face="sans-serif">4,700,000</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom">
  <TD align=left width=6% nowrap>&nbsp;</TD>
	<TD align=left width=25% nowrap>
<FONT size=2 face="sans-serif">Level 2</FONT>&nbsp;	</TD>
	<TD align=right width=39% nowrap>&nbsp;</TD>
	<TD align=right width=2% nowrap>	<div align="left"></div></TD>
	<TD align=right width=28% nowrap>
<FONT size=2 face="sans-serif">493,298,749</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom">
  <TD align=left width=6% nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
	<TD align=left width=25% nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">Level 3</FONT>&nbsp;	</TD>
	<TD align=right width=39% nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
	<TD align=right width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
	<TD align=right width=28% nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">-</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom">
  <TD align=left width=6% nowrap>&nbsp;</TD>
	<TD align=left width=25% nowrap>
<B><FONT size=2 face="sans-serif">Total</FONT></B>&nbsp;	</TD>
	<TD align=right width=39% nowrap style="border-bottom:0px double #000000;">&nbsp;</TD>
	<TD align=right width=2% nowrap style="border-bottom:3px double #000000;">
      <div align="left"><FONT size=2 face="sans-serif">&#36;</FONT> </div></TD>
	<TD align=right width=28% nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="sans-serif">497,998,749</FONT>&nbsp;	</TD>
</TR>
</TABLE>
<BR>
<P align="center">
<FONT size=2 face="sans-serif">7</FONT></P>

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




<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
<TR>
     <TD width=5%></TD>
     <TD width=3%></TD>
     <TD colspan="2"></TD>
     </TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=2 face="serif">Item 2 &#150;</FONT>&nbsp;	</TD>
    <TD colspan="3" align=left nowrap><FONT size=2 face="serif">Controls and Procedures</FONT></TD>
  </TR>
<TR align="left">
	<TD colspan=4>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left valign="top" nowrap>
<FONT size=2 face="serif">2(a) &#150;</FONT>						</TD>
	<TD colspan="3" valign="top">	 <FONT size=2 face="serif">The registrant&#146;s principal executive and principal financial officers or persons performing
similar functions have concluded that the registrant&#146;s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company
Act of 1940, as amended (the &#147;1940 Act&#148;)) are effective as of a date within 90 days of
    the filing of this report based on the evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act and Rule 13a-15(b)
 under the Securities Exchange Act of 1934, as amended.</FONT></TD>
  </TR>

<TR>
	<TD colspan=4>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left valign="top" nowrap>
<FONT size=2 face="serif">2(b) &#150;</FONT>				</TD>
	<TD colspan="3" valign="top">	 <FONT size=2 face="serif">There were no changes in the registrant&#146;s internal control over financial
reporting (as defined in Rule 30a-3(d) under the 1940 Act) that occurred during the registrant&#146;s last fiscal quarter that
have materially affected, or are
	    reasonably likely to materially affect, the registrant&#146;s internal control
    over financial reporting.</FONT></TD>
  </TR>

<TR>
	<TD colspan=4>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=2 face="serif">Item 3 &#150;</FONT></TD>
    <TD colspan="3" align=left nowrap><FONT size=2 face="serif">Exhibits</FONT>&nbsp; </TD>
  </TR>
<TR>
	<TD colspan=4>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>&nbsp;	</TD>
	<TD colspan="3">
<FONT size=2 face="serif">Certifications &#150; Attached hereto</FONT>&nbsp;	</TD>
  </TR>
<TR>
	<TD colspan=4>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>&nbsp;			</TD>
	<TD colspan="3" valign="top">
<FONT size=2 face="serif">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></TD>
  </TR>

<TR>
	<TD colspan=4>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>&nbsp;	</TD>
	<TD colspan="3"> <FONT size=2 face="serif">BlackRock Insured Municipal Income Trust</FONT>&nbsp;	</TD>
  </TR>
<TR>
	<TD colspan=4>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>&nbsp;	</TD>
	<TD><FONT size=2 face="serif">By: </FONT> </TD>
	<TD width="25%" align=left nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="serif">/s/ Donald C. Burke</FONT>&nbsp;	</TD>
    <TD align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>&nbsp;	</TD>
	<TD>&nbsp;	</TD>
	<TD colspan="2" align=left nowrap><FONT size=2 face="serif">Donald C. Burke</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>&nbsp;	</TD>
	<TD>&nbsp;	</TD>
	<TD colspan="2" align=left nowrap><FONT size=2 face="serif">Chief Executive Officer of</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>&nbsp;	</TD>
	<TD>&nbsp;	</TD>
	<TD colspan="2" align=left nowrap><FONT size=2 face="serif">BlackRock Insured Municipal Income Trust</FONT>&nbsp;	</TD>
</TR>
<TR>
	<TD colspan=4>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>&nbsp;	</TD>
	<TD colspan="3">	<FONT size=2 face="serif">Date: January 20, 2009</FONT>&nbsp;	</TD>
  </TR>
<TR>
	<TD colspan=4>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>&nbsp;			</TD>
	<TD colspan="3" valign="top">	 <FONT size=2 face="serif">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></TD>
  </TR>

<TR>
	<TD colspan=4>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>&nbsp;	</TD>
	<TD><FONT size=2 face="serif">By:</FONT>&nbsp; </TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="serif">/s/ Donald C. Burke</FONT></TD>
    <TD align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>&nbsp;	</TD>
	<TD>&nbsp;	</TD>
	<TD colspan="2" align=left nowrap><FONT size=2 face="serif">Donald C. Burke</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>&nbsp;	</TD>
	<TD>&nbsp;	</TD>
	<TD colspan="2" align=left nowrap><FONT size=2 face="serif">Chief Executive Officer (principal executive officer) of</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>&nbsp;	</TD>
	<TD>&nbsp;	</TD>
	<TD colspan="2" align=left nowrap><FONT size=2 face="serif">BlackRock Insured Municipal Income Trust</FONT>&nbsp;	</TD>
</TR>
<TR>
	<TD colspan=4>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>&nbsp;	</TD>
	<TD colspan="3">	 <FONT size=2 face="serif">Date: January 20, 2009</FONT>&nbsp;	</TD>
  </TR>
<TR>
	<TD colspan=4>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>&nbsp;	</TD>
	<TD><FONT size=2 face="serif">By:</FONT> </TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;"> <FONT size=2 face="serif"> /s/ Neal J. Andrews</FONT>&nbsp;	</TD>
    <TD align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>&nbsp;	</TD>
	<TD>&nbsp;	</TD>
	<TD colspan="2" align=left nowrap><FONT size=2 face="serif">Neal J. Andrews</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>&nbsp;	</TD>
	<TD>&nbsp;	</TD>
	<TD colspan="2" align=left nowrap><FONT size=2 face="serif">Chief Financial Officer (principal financial officer) of</FONT>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>&nbsp;	</TD>
	<TD>&nbsp;	</TD>
	<TD colspan="2" align=left nowrap><FONT size=2 face="serif">BlackRock Insured Municipal Income Trust</FONT>&nbsp;	</TD>
</TR>
<TR>
	<TD colspan=4>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>&nbsp;	</TD>
	<TD colspan="3">	<FONT size=2 face="serif">Date: January 20, 2009</FONT>&nbsp;	</TD>
  </TR>
</TABLE>
<BR>

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


</BODY>

</HTML>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.CERT
<SEQUENCE>2
<FILENAME>c56189_ex99-cert.htm
<TEXT>

<HTML>
<HEAD>
   <TITLE>c56189_ex99-cert.htm -- Converted by SEC Publisher, created by BCL Technologies Inc., for SEC Filing</TITLE>
</HEAD>

<BODY bgcolor="#ffffff">




<P align="left">
<B><FONT size=2 face="serif">EX-99. CERT </FONT></B><BR>
<B><FONT size=2 face="serif">CERTIFICATION PURSUANT TO RULE 30a-2(a) UNDER THE 1940 ACT AND SECTION 302 OF </FONT></B><BR>
<B><FONT size=2 face="serif">THE SARBANES-OXLEY ACT OF 2002 </FONT></B></P>
<div style="border-bottom:1px solid #000000"></div>
<P align="left">
<FONT size=2 face="serif">I, Donald C. Burke, Chief Executive Officer (principal executive officer) of BlackRock Insured Municipal Income Trust, certify that: </FONT></P>
<P align="left">
<FONT size=2 face="serif">1. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I have reviewed this report on Form N-Q of BlackRock Insured Municipal Income Trust; </FONT></P>
<P align="left">
<FONT size=2 face="serif">2. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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 align="left">
<FONT size=2 face="serif">3. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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 align="left">
<FONT size=2 face="serif">4. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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>


<div style="margin-left:30px">
<P align="left">
<FONT size=2 face="serif">a) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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 align="left">
<FONT size=2 face="serif">b) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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 align="left">
<FONT size=2 face="serif">c) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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></P>
<P align="left">
<FONT size=2 face="serif">d) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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>
</div>

<P align="left">
<FONT size=2 face="serif">5. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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>

<div style="margin-left:30px">
<P align="left">
<FONT size=2 face="serif">a) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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 align="left">
<FONT size=2 face="serif">b) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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></div>
<P align="left">
<FONT size=2 face="serif">Date: January 20, 2009</FONT></P>
<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr>
    <td width="20%" style="border-bottom:1px solid #000000"><FONT size=2 face="serif">/s/ Donald C. Burke</FONT></td>
    <td width="77%">&nbsp;</td>
  </tr>
  <tr>
    <td colspan="2"><FONT size=2 face="serif">Donald C. Burke </FONT><BR>
      <FONT size=2 face="serif">Chief Executive Officer (principal executive
      officer) of</FONT><BR>
      <FONT size=2 face="serif">BlackRock Insured Municipal Income Trust</FONT></td>
  </tr>
</table>
<br>
<br>


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


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

<P align="left">
<B><FONT size=2 face="serif">EX-99. CERT </FONT></B><BR>
<B><FONT size=2 face="serif">CERTIFICATION PURSUANT TO RULE 30a-2(a) UNDER THE 1940 ACT AND SECTION 302 OF </FONT></B><BR>
<B><FONT size=2 face="serif">THE SARBANES-OXLEY ACT OF 2002 </FONT></B></P>
<div style="border-bottom:1px solid #000000"></div>
<P align="left">
<FONT size=2 face="serif">I, Neal J. Andrews, Chief Financial Officer (principal financial officer) of BlackRock Insured Municipal Income Trust, certify that: </FONT></P>
<P align="left">
<FONT size=2 face="serif">1. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I have reviewed this report on Form N-Q of BlackRock Insured Municipal Income Trust; </FONT></P>
<P align="left">
<FONT size=2 face="serif">2. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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 align="left">
<FONT size=2 face="serif">3. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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 align="left">
<FONT size=2 face="serif">4. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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>

<div style="margin-left:30px">
<P align="left">
<FONT size=2 face="serif">a) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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 align="left">
<FONT size=2 face="serif">b) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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 align="left">
<FONT size=2 face="serif">c) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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></P>
<P align="left">
<FONT size=2 face="serif">d) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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></div>
<P align="left">
<FONT size=2 face="serif">5. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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>

<div style="margin-left:30px">
<P align="left">
<FONT size=2 face="serif">a) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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 align="left">
<FONT size=2 face="serif">b) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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></div>
<P align="left">
<FONT size=2 face="serif">Date: January 20, 2009</FONT></P>


<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr>
    <td width="20%" style="border-bottom:1px solid #000000"><FONT size=2 face="serif">/s/ Neal J. Andrews</FONT></td>
    <td width="77%">&nbsp;</td>
  </tr>
  <tr>
    <td colspan="2"><FONT size=2 face="serif">Neal J. Andrews </FONT><BR>
      <FONT size=2 face="serif">Chief Financial Officer (principal financial
      officer) of</FONT><BR>
      <FONT size=2 face="serif">BlackRock Insured Municipal Income Trust</FONT></td>
  </tr>
</table>
<br>
<br>


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


</BODY>

</HTML>

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
