-----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,
 SLnGz7jn20Ddykoe93XwJtSBW8I79SfngWiGmv79aS2XBvlaT465TV49Y/g38tnV
 WlGllhJqpN3EOpC+PE+99w==

<SEC-DOCUMENT>0000930413-08-005715.txt : 20080925
<SEC-HEADER>0000930413-08-005715.hdr.sgml : 20080925
<ACCEPTANCE-DATETIME>20080925133136
ACCESSION NUMBER:		0000930413-08-005715
CONFORMED SUBMISSION TYPE:	N-Q
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20080731
FILED AS OF DATE:		20080925
DATE AS OF CHANGE:		20080925
EFFECTIVENESS DATE:		20080925

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BLACKROCK INCOME TRUST INC
		CENTRAL INDEX KEY:			0000832327
		IRS NUMBER:				133463349
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		N-Q
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-05542
		FILM NUMBER:		081088259

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

	MAIL ADDRESS:	
		STREET 1:		100 BELLEVUE PARKWAY
		STREET 2:		MUTUAL FUND DEPARTMENT
		CITY:			WILMINGTON
		STATE:			DE
		ZIP:			19809

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BLACKSTONE INCOME TRUST INC
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>N-Q
<SEQUENCE>1
<FILENAME>c54723_nq.htm
<TEXT>

<HTML>
<HEAD>
   <TITLE>c54723_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></P>
<P align="center">
<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 811-05542 </FONT></P>
<P align="left">
<FONT size=2 face="serif">Name of Fund: BlackRock Income Trust, Inc. (BKT) </FONT></P>
<P align="left">
<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 Income Trust, Inc., 800 Scudders Mill Road, Plainsboro, NJ, 08536. Mailing address: P.O. Box 9011, Princeton, NJ, 08543-9011
</FONT></P>
</div>

<P align="left">
<FONT size=2 face="serif">Registrant&#146;s telephone number, including area code: (800) 882-0052, Option 4  </FONT></P>
<P align="left">
<FONT size=2 face="serif">Date of fiscal year end: 10/31/2008  </FONT></P>
<P align="left">
<FONT size=2 face="serif">Date of reporting period: 05/01/2008 &#150; 07/31/2008  </FONT></P>
<P align="left">


<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>
<br>
</P>

<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
<TR>
     <TD width=50%><B><FONT face="sans-serif">BlackRock Income Trust, Inc.</FONT></B></TD>
<TD width=50%></TD></TR>
<TR>
  <TD style="border-bottom:1px solid #000000;"><B><FONT size=2 face="sans-serif">Schedule of Investments July 31, 2008
    (Unaudited)</FONT></B></TD>
  <TD align="right" style="border-bottom:1px solid #000000;"><B><FONT size=2 face="sans-serif">(Percentages shown are based on Net Assets)</FONT></B></TD>
</TR>
</TABLE>

<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
<TR>
     <TD></TD>
     <TD></TD>
     <TD width=1%></TD>
     <TD width=8%></TD>
     <TD width=1%></TD>
     <TD width=1%></TD>
     <TD width=8%></TD></TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=center>
<B><FONT size=2 face="sans-serif">Par</FONT></B>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Asset-Backed Securities</FONT></B>&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=center style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">(000)</FONT></B>&nbsp;  </TD>
  <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=center style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Value</FONT></B>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">First Franklin Mortgage Loan Asset Backed</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Certificates Series 2005-FF2 Class M2, 2.901%,</FONT>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">&#36;</FONT>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">5,890</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right><FONT size=2 face="sans-serif">&#36;</FONT></TD>
  <TD align=right>
<FONT size=2 face="sans-serif"> 3,534,000</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">GSAA Home Equity Trust Series 2005-1 Class</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">AF2, 4.316%, 11/25/34 (a)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">3,674</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">3,389,863</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Securitized Asset Backed Receivables LLC Trust Series</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">2005-OP2 Class M1, 2.891%, 10/25/35 (a)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">1,875</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">1,218,750</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Small Business Administration Participation</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Certificates Series 1996-20E Class 1, 7.60%, 5/01/16</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">464</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">480,951</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Small Business Administration Participation</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Certificates Series 1996-20F Class 1, 7.55%, 6/01/16</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">554</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">573,818</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Small Business Administration Participation</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Certificates Series 1996-20G Class 1, 7.70%, 7/01/16</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">401</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">416,994</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Small Business Administration Participation</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Certificates Series 1996-20H Class 1, 7.25%, 8/01/16</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">757</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">781,730</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Small Business Administration Participation</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Certificates Series 1996-20K Class 1, 6.95%, 11/01/16</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">1,142</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">1,176,270</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Small Business Administration Participation</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Certificates Series 1997-20C Class 1, 7.15%, 3/01/17</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">528</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">545,502</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Sterling Bank Trust Series 2004-2 Class Note,</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">2.081%, 3/30/30 (b)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">8,416</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">431,307</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">Sterling Coofs Trust Series 1, 2.362%, 4/15/29 (b)</FONT>&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">12,716</FONT>&nbsp;  </TD>
  <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">949,731</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Total Asset-Backed Securities - 3.2%</FONT></B>&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">13,498,916</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Corporate Bonds</FONT></B>&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Diversified Financial Services - 0.4%</FONT></B>&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">Structured Asset Repackaged Trust, 3.761%, 1/21/10</FONT>&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">1,703</FONT>&nbsp;  </TD>
  <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">1,677,885</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Total Corporate Bonds - 0.4%</FONT></B>&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">1,677,885</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left colspan=2 style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">U.S. Government Agency Mortgage-Backed Securities</FONT></B>&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Fannie Mae Guaranteed Pass-Through Certificates:</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
 &nbsp; &nbsp;<FONT size=2 face="sans-serif">5.00%, 4/01/19 - 8/15/38 (c)(d)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">52,943</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">50,474,922</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
 &nbsp; &nbsp;<FONT size=2 face="sans-serif">5.50%, 6/01/21 - 8/15/38 (c)(d)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">146,136</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">143,546,201</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
 &nbsp; &nbsp;<FONT size=2 face="sans-serif">5.97%, 8/01/16</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">3,125</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">3,249,403</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
 &nbsp; &nbsp;<FONT size=2 face="sans-serif">6.00%, 10/01/36 - 7/01/37 (e)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">21,372</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">21,494,250</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
 &nbsp; &nbsp;<FONT size=2 face="sans-serif">6.50%, 7/01/36 - 8/15/38 (c)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">28,239</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">29,005,864</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
 &nbsp; &nbsp;<FONT size=2 face="sans-serif">7.50%, 2/01/22</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">-(f)</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">198</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
 &nbsp; &nbsp;<FONT size=2 face="sans-serif">8.00%, 10/01/09 - 5/01/22</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">13</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">13,818</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
 &nbsp; &nbsp;<FONT size=2 face="sans-serif">9.50%, 1/01/19 - 9/01/19</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">4</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">4,043</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Freddie Mac Mortgage Participation Certificates:</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
 &nbsp; &nbsp;<FONT size=2 face="sans-serif">4.934%, 10/01/34 (a)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">792</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">794,390</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
 &nbsp; &nbsp;<FONT size=2 face="sans-serif">5.50%, 12/01/21 - 3/01/22 (d)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">7,643</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">7,668,913</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
 &nbsp; &nbsp;<FONT size=2 face="sans-serif">5.983%, 1/01/35 (a)(d)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">219</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">217,808</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
 &nbsp; &nbsp;<FONT size=2 face="sans-serif">6.01%, 11/01/17 (a)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">25</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">25,105</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
 &nbsp; &nbsp;<FONT size=2 face="sans-serif">6.50%, 9/15/38 (c)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">100</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">102,375</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
 &nbsp; &nbsp;<FONT size=2 face="sans-serif">8.00%, 11/01/15</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">4</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">4,024</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
 &nbsp; &nbsp;<FONT size=2 face="sans-serif">9.00%, 9/01/20 (d)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">108</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">117,678</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Ginnie Mae MBS Certificates:</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
 &nbsp; &nbsp;<FONT size=2 face="sans-serif">5.50%, 8/15/38 (c)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">6,000</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">5,945,628</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
 &nbsp; &nbsp;<FONT size=2 face="sans-serif">6.50%, 8/15/38 (c)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">10,800</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">11,120,630</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
 &nbsp; &nbsp;<FONT size=2 face="sans-serif">7.00%, 10/15/17</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">33</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">35,645</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
 &nbsp; &nbsp;<FONT size=2 face="sans-serif">7.50%, 8/15/21 - 12/15/23</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">366</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">393,159</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
 &nbsp; &nbsp;<FONT size=2 face="sans-serif">8.00%, 10/15/22 - 2/15/29</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">172</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">188,223</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">
 &nbsp; &nbsp;<FONT size=2 face="sans-serif">9.00%, 6/15/18 - 9/15/21</FONT>&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">13</FONT>&nbsp;  </TD>
  <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">14,115</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<B><FONT size=2 face="sans-serif">Total U.S. Government Agency Mortgage-Backed</FONT></B>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Securities - 64.1%</FONT></B>&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">274,416,392</FONT>&nbsp;  </TD>
</TR>
</TABLE>
<BR>
<P align="center">
<FONT size=2 face="sans-serif">1</FONT></P>

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



<p style="page-break-before:always"></p><PAGE>
<p><A name="page_2"></A></p>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
<TR>
     <TD width=50%><B><FONT face="sans-serif">BlackRock Income Trust, Inc.</FONT></B></TD>
<TD width=50%></TD></TR>
<TR>
  <TD style="border-bottom:1px solid #000000;"><B><FONT size=2 face="sans-serif">Schedule of Investments July 31, 2008
    (Unaudited)</FONT></B></TD>
  <TD align="right" style="border-bottom:1px solid #000000;"><B><FONT size=2 face="sans-serif">(Percentages shown are based on Net Assets)</FONT></B></TD>
</TR>
</TABLE>

<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
<TR>
     <TD width=26%></TD>
     <TD></TD>
     <TD width=1%></TD>
     <TD width=8%></TD>
     <TD width=1%></TD>
     <TD width=1%></TD>
     <TD width=8%></TD></TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left colspan=2>
<B><FONT size=2 face="sans-serif">U.S. Government Agency Mortgage-Backed</FONT></B>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left colspan=2>
<B><FONT size=2 face="sans-serif">Securities - Collateralized Mortgage</FONT></B>&nbsp;  </TD>
  <TD align=center>
<B><FONT size=2 face="sans-serif">Par</FONT></B>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Obligations</FONT></B>&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=center style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">(000)</FONT></B>&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=center style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Value</FONT></B>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=center>&nbsp;</TD>
  <TD align=left><FONT size=2 face="sans-serif">Fannie Mae Trust Series 7 Class
    2, 8.50%,</FONT></TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">4/01/17 (b)</FONT>&nbsp;  </TD>
  <TD align=right><FONT size=2 face="sans-serif">&#36;</FONT>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">9</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>
<FONT size=2 face="sans-serif">&#36;</FONT>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">1,948</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Fannie Mae Trust Series 89 Class 2, 8%, 10/01/18 (b)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">18</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">3,297</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Fannie Mae Trust Series 94 Class 2, 9.50%,</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">8/01/21 (b)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">5</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">1,285</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=center>&nbsp;</TD>
  <TD align=left><FONT size=2 face="sans-serif">Fannie Mae Trust Series 203
    Class 1, 0%,</FONT></TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">2/01/23 (g)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">37</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">29,066</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=center>&nbsp;</TD>
  <TD align=left><FONT size=2 face="sans-serif">Fannie Mae Trust Series 228
    Class 1, 0%,</FONT></TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">6/01/23 (g)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">27</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">22,021</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=center>&nbsp;</TD>
  <TD align=left><FONT size=2 face="sans-serif">Fannie Mae Trust Series 273
    Class 1, 0%,</FONT></TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">8/01/26 (g)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">203</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">165,977</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=center>&nbsp;</TD>
  <TD align=left><FONT size=2 face="sans-serif">Fannie Mae Trust Series 328
    Class 1, 0%,</FONT></TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">12/01/32 (g)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">3,966</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">2,849,229</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=center>&nbsp;</TD>
  <TD align=left><FONT size=2 face="sans-serif">Fannie Mae Trust Series 338
    Class 1, 0%,</FONT></TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
</TR>
<TR valign="bottom">

  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">7/01/33 (g)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">3,295</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">2,335,805</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Fannie Mae Trust Series 1990-123 Class M,</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">1.01%, 10/25/20 (b)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">37</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">784</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Fannie Mae Trust Series 1990-136 Class S,</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">0.015%, 11/25/20 (b)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">22,583</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">26,777</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Fannie Mae Trust Series 1991-7 Class J, 0%,</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">2/25/21 (g)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">38</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">32,478</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=center>&nbsp;</TD>
  <TD align=left><FONT size=2 face="sans-serif">Fannie Mae Trust Series 1991-38
    Class F,</FONT></TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">8.325%, 4/25/21 (a)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">37</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">38,697</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=center>&nbsp;</TD>
  <TD align=left><FONT size=2 face="sans-serif">Fannie Mae Trust Series 1991-38
    Class N,</FONT></TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">1.009%, 4/25/21 (b)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">29</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">202</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Fannie Mae Trust Series 1991-38 Class SA,</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">10.186%, 4/25/21 (a)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">38</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">38,036</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=center>&nbsp;</TD>
  <TD align=left><FONT size=2 face="sans-serif">Fannie Mae Trust Series 1991-46
    Class S,</FONT></TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">1.403%, 5/25/21 (b)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">166</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">6,554</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=center>&nbsp;</TD>
  <TD align=left><FONT size=2 face="sans-serif">Fannie Mae Trust Series 1991-87
    Class S,</FONT></TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">20.058%, 8/25/21 (a)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">98</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">115,810</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=center>&nbsp;</TD>
  <TD align=left><FONT size=2 face="sans-serif">Fannie Mae Trust Series 1991-99
    Class L,</FONT></TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">0.93%, 8/25/21 (b)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">204</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">3,878</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Fannie Mae Trust Series 1991-139 Class PT,</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">0.648%, 10/25/21 (b)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">384</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">6,665</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Fannie Mae Trust Series 1991-167 Class D, 0%,</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">10/25/17 (g)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">31</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">30,154</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Fannie Mae Trust Series 1993-51 Class E, 0%,</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">2/25/23 (g)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">122</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">101,068</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Fannie Mae Trust Series 1993-70 Class A, 0%,</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">5/25/23 (g)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">21</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">17,161</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Fannie Mae Trust Series 1993-170 Class SC,</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">9%, 9/25/08 (a)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">3</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">2,549</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Fannie Mae Trust Series 1993-196 Class SC,</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">8.863%, 10/25/08 (a)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">25</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">24,753</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Fannie Mae Trust Series 1993-199 Class SB,</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">2.625%, 10/25/23 (b)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">1,925</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">149,047</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Fannie Mae Trust Series 1993-214 Class SH,</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">11.842%, 12/25/08 (a)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">28</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">28,086</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Fannie Mae Trust Series 1993-247 Class SN,</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">10%, 12/25/23 (a)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">780</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">895,179</FONT>&nbsp;  </TD>
</TR>
</TABLE>
<BR>
<P align="center">
<FONT size=2 face="sans-serif">2</FONT></P>

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



<p style="page-break-before:always"></p><PAGE>
<p><A name="page_3"></A></p>
<TABLE width=100% border=0 cellpadding=0 cellspacing=0>
  <TR>
    <TD width=50%><B><FONT face="sans-serif">BlackRock Income Trust, Inc.</FONT></B></TD>
    <TD width=50%></TD>
  </TR>
  <TR>
    <TD style="border-bottom:1px solid #000000;"><B><FONT size=2 face="sans-serif">Schedule
          of Investments July 31, 2008 (Unaudited)</FONT></B></TD>
    <TD align="right" style="border-bottom:1px solid #000000;"><B><FONT size=2 face="sans-serif">(Percentages
          shown are based on Net Assets)</FONT></B></TD>
  </TR>
</TABLE>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
<TR>
     <TD width=26%></TD>
     <TD></TD>
     <TD width=1%></TD>
     <TD width=8%></TD>
     <TD width=1%></TD>
     <TD width=1%></TD>
     <TD width=8%></TD></TR>
<TR valign="bottom">
  <TD align=left>&nbsp;</TD>
  <TD align=left colspan=2>
<B><FONT size=2 face="sans-serif">U.S. Government Agency Mortgage-Backed</FONT></B>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<B><FONT size=2 face="sans-serif">Securities - Collateralized Mortgage</FONT></B>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<B><FONT size=2 face="sans-serif">Par</FONT></B>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Obligations</FONT></B>&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">(000)</FONT></B>&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=left style="border-bottom:1px solid #000000;">
 &nbsp; &nbsp; &nbsp;<B><FONT size=2 face="sans-serif">Value</FONT></B>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Fannie Mae Trust Series 1993-249 Class B, 0%,</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">11/25/23 (g)</FONT>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">&#36;</FONT>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">1,740</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">&#36; 1,352,793</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Fannie Mae Trust Series 1994-33 Class SG,</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">3.225%, 3/25/09 (b)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">239</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">3,759</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Fannie Mae Trust Series 1996-68 Class SC,</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">2.257%, 1/25/24 (b)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">1,546</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">129,637</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=center>&nbsp;</TD>
  <TD align=left><FONT size=2 face="sans-serif">Fannie Mae Trust Series 1997-50
    Class SI,</FONT></TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">1.20%, 4/25/23 (b)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">594</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">20,240</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Fannie Mae Trust Series 1997-90 Class M, 6%,</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">1/25/28 (b)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">11,733</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">2,976,567</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Fannie Mae Trust Series 1999-W4 Class IO,</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">6.50%, 12/25/28 (b)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">556</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">136,380</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Fannie Mae Trust Series 1999-W4 Class PO,</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">0%, 2/25/29 (g)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">301</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">236,135</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Fannie Mae Trust Series 2002-13 Class PR, 0%,</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">3/25/32 (g)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">782</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">547,199</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=center>&nbsp;</TD>
  <TD align=left><FONT size=2 face="sans-serif">Fannie Mae Trust Series 2003-9
    Class BI,</FONT></TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">5.50%, 10/25/22 (b)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">3,332</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">415,676</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Fannie Mae Trust Series 2003-32 Class VT,</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">6%, 9/25/15</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">6,592</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">6,775,399</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;</TD>
  <TD align=left><FONT size=2 face="sans-serif">Fannie Mae Trust Series 2003-51
    Class IE,</FONT></TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">5.50%, 4/25/26 (b)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">740</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">3,107</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Fannie Mae Trust Series 2003-55 Class GI, 5%,</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">7/25/19 (b)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">4,165</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">333,190</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Fannie Mae Trust Series 2003-66 Class CI, 5%,</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">7/25/33 (b)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">5,278</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">1,294,169</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=center>&nbsp;</TD>
  <TD align=left><FONT size=2 face="sans-serif">Fannie Mae Trust Series 2003-88
    Class TI,</FONT></TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">4.50%, 11/25/13 (b)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">2,058</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">32,818</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Fannie Mae Trust Series 2003-122 Class IC,</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">5%, 9/25/18 (b)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">3,741</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">245,916</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Fannie Mae Trust Series 2003-135 Class PB,</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">6%, 1/25/34</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">12,264</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">12,320,980</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Fannie Mae Trust Series 2004-13 Class IG, 5%,</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">10/25/22 (b)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">2,091</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">38,446</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Fannie Mae Trust Series 2004-28 Class PB, 6%,</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">8/25/28</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">2,853</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">2,896,501</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Fannie Mae Trust Series 2004-29 Class HC,</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">7.50%, 7/25/30</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">1,954</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">2,060,167</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Fannie Mae Trust Series 2004-31 Class ZG,</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">7.50%, 5/25/34</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">2,472</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">2,863,596</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Fannie Mae Trust Series 2004-90 Class JH,</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">1.828%, 11/25/34 (b)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">26,006</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">2,101,835</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Fannie Mae Trust Series 2005-43 Class IC, 6%,</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">3/25/34 (b)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">704</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">152,686</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Fannie Mae Trust Series 2005-55 Class SB,</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">1.278%, 7/25/35 (b)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">11,031</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">750,456</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Fannie Mae Trust Series 2005-68 Class PC,</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">5.50%, 7/25/35</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">2,260</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">2,311,086</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Fannie Mae Trust Series 2005-73 Class DS,</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">11.123%, 8/25/35 (a)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">5,144</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">5,019,617</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Fannie Mae Trust Series 2005-73 Class ST,</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">1.258%, 8/25/35 (b)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">11,835</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">751,096</FONT>&nbsp;  </TD>
</TR>
</TABLE>
<BR>
<P align="center">
<FONT size=2 face="sans-serif">3</FONT></P>

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



<p style="page-break-before:always"></p><PAGE>
<p><A name="page_4"></A></p>
<TABLE width=100% border=0 cellpadding=0 cellspacing=0>
  <TR>
    <TD width=50%><B><FONT face="sans-serif">BlackRock Income Trust, Inc.</FONT></B></TD>
    <TD width=50%></TD>
  </TR>
  <TR>
    <TD style="border-bottom:1px solid #000000;"><B><FONT size=2 face="sans-serif">Schedule
          of Investments July 31, 2008 (Unaudited)</FONT></B></TD>
    <TD align="right" style="border-bottom:1px solid #000000;"><B><FONT size=2 face="sans-serif">(Percentages
          shown are based on Net Assets)</FONT></B></TD>
  </TR>
</TABLE>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
<TR>
     <TD width=26%></TD>
     <TD></TD>
     <TD width=1%></TD>
     <TD width=8%></TD>
     <TD width=1%></TD>
     <TD width=1%></TD>
     <TD width=8%></TD></TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left colspan=2>
<B><FONT size=2 face="sans-serif">U.S. Government Agency Mortgage-Backed</FONT></B>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<B><FONT size=2 face="sans-serif">Securities - Collateralized Mortgage</FONT></B>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=center>
<B><FONT size=2 face="sans-serif">Par</FONT></B>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Obligations</FONT></B>&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=center style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">(000)</FONT></B>&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=center style="border-bottom:1px solid #000000;">
 &nbsp; &nbsp; &nbsp;<B><FONT size=2 face="sans-serif">Value</FONT></B>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Fannie Mae Trust Series 2006-2 Class KP, 0%,</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">2/25/35 (a)</FONT>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">&#36;</FONT>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">1,221</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=left><FONT size=2 face="sans-serif">&#36;</FONT></TD>
  <TD align=right>
<FONT size=2 face="sans-serif"> 1,059,924</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=center>&nbsp;</TD>
  <TD align=left><FONT size=2 face="sans-serif">Fannie Mae Trust Series 2006-8
    Class HN,</FONT></TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">4.858%, 3/25/36 (b)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">4,021</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">366,483</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=center>&nbsp;</TD>
  <TD align=left><FONT size=2 face="sans-serif">Fannie Mae Trust Series 2006-8
    Class WL,</FONT></TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">3.874%, 3/25/36 (b)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">5,957</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">398,529</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Fannie Mae Trust Series 2006-36 Class SP,</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">1.828%, 5/25/36 (b)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">44,235</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">3,827,650</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Fannie Mae Trust Series 2006-38 Class Z, 5%,</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">5/25/36</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">905</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">864,442</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Fannie Mae Trust Series 2006-101 Class SA,</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">3.204%, 10/25/36 (b)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">32,636</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">2,622,312</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Fannie Mae Trust Series G-7 Class S, 116.20%,</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">3/25/21 (a)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">-(f)</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">5,146</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Fannie Mae Trust Series G-10 Class S, 0.575%,</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">5/25/21 (b)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">889</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">15,423</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Fannie Mae Trust Series G-12 Class S, 0.608%,</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">5/25/21 (b)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">749</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">12,686</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Fannie Mae Trust Series G-17 Class S, 0.58%,</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">6/25/21 (b)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">448</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">7,133</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=center>&nbsp;</TD>
  <TD align=left><FONT size=2 face="sans-serif">Fannie Mae Trust Series G-33
    Class PV,</FONT></TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">1.078%, 10/25/21 (b)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">590</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">14,435</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=center>&nbsp;</TD>
  <TD align=left><FONT size=2 face="sans-serif">Fannie Mae Trust Series G-49
    Class S,</FONT></TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">778.05%, 12/25/21 (a)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">-(f)</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">6,512</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=center>&nbsp;</TD>
  <TD align=left><FONT size=2 face="sans-serif">Fannie Mae Trust Series G-50
    Class G,</FONT></TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">1.159%, 12/25/21 (b)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">369</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">5,616</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Fannie Mae Trust Series G92-5 Class H, 9%,</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">1/25/22 (b)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">172</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">37,655</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=center>&nbsp;</TD>
  <TD align=left><FONT size=2 face="sans-serif">Fannie Mae Trust Series G92-12
    Class C,</FONT></TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">1.017%, 2/25/22 (b)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">447</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">10,408</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=center>&nbsp;</TD>
  <TD align=left><FONT size=2 face="sans-serif">Fannie Mae Trust Series G92-59
    Class S,</FONT></TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">5.023%, 10/25/22 (b)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">3,280</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">434,916</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=center>&nbsp;</TD>
  <TD align=left><FONT size=2 face="sans-serif">Fannie Mae Trust Series G92-60
    Class SB,</FONT></TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">1.60%, 10/25/22 (a)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">490</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">20,204</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Fannie Mae Trust Series G93-2 Class KB, 0%,</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">1/25/23 (g)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">270</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">219,383</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series 19</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Class F, 8.50%, 3/15/20</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">154</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">161,993</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series 19</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Class R, 9.757%, 3/15/20 (b)(h)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">15</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">2,438</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series 40</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Class K, 6.50%, 8/17/24</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">649</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">676,462</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series 60</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Class HS, 1.125%, 4/25/24 (b)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">602</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">2,747</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series 75</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Class R, 9.50%, 1/15/21 (b)(h)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">-(f)</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">4</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series 75</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Class RS, 18.477%, 1/15/21 (h)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">-(f)</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">4</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series 173</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Class R, 0%, 11/15/21 (b)(h)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">23</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">23</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series 173</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Class RS, 9.142%, 11/15/21 (h)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">-(f)</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">22</FONT>&nbsp;  </TD>
</TR>
</TABLE>
<BR>
<P align="center">
<FONT size=2 face="sans-serif">4</FONT></P>

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



<p style="page-break-before:always"></p><PAGE>
<p><A name="page_5"></A></p>
<table width=100% border=0 cellpadding=0 cellspacing=0>
  <tr>
    <td width=50%><b><font face="sans-serif">BlackRock Income Trust, Inc.</font></b></td>
    <td width=50%></td>
  </tr>
  <tr>
    <td style="border-bottom:1px solid #000000;"><b><font size=2 face="sans-serif">Schedule
          of Investments July 31, 2008 (Unaudited)</font></b></td>
    <td align="right" style="border-bottom:1px solid #000000;"><b><font size=2 face="sans-serif">(Percentages
          shown are based on Net Assets)</font></b></td>
  </tr>
</table>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
<TR>
     <TD width=26%></TD>
     <TD></TD>
     <TD width=1%></TD>
     <TD width=8%></TD>
     <TD width=1%></TD>
     <TD width=1%></TD>
     <TD width=8%></TD></TR>
<TR valign="bottom">
  <TD align=left>&nbsp;</TD>
  <TD colspan=2 rowspan="2" align=left  style="border-bottom:1px solid #000000;"><B><FONT size=2 face="sans-serif">U.S.
        Government Agency Mortgage-Backed<br>
Securities - Collateralized Mortgage <br>
Obligations</FONT></B></TD>
  <TD rowspan="2" align=right  style="border-bottom:1px solid #000000;"><B><FONT size=2 face="sans-serif">Par&nbsp;<br>
(000)</FONT></B>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=left style="border-bottom:1px solid #000000;">
 &nbsp; &nbsp;</TD>
  <TD align=center style="border-bottom:1px solid #000000;">&nbsp;<B><FONT size=2 face="sans-serif">Value</FONT></B>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD colspan=2 align=left>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series 176</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Class M, 1.01%, 7/15/21 (b)</FONT>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">&#36;</FONT>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">45</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>
<FONT size=2 face="sans-serif">&#36;</FONT>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">849</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left colspan=2>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series 192</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Class U, 1.009%, 2/15/22 (b)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">5</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">97</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left colspan=2>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series 200</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Class R, 98.523%, 12/15/22 (b)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">2</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">24</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left colspan=2>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series 204</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Class IO, 6%, 5/01/29 (b)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">1,525</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">390,901</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=center>&nbsp;</TD>
  <TD align=left><FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates
    Series</FONT></TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">1043 Class H, 0.022%, 2/15/21 (b)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">12,399</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">17,102</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=center>&nbsp;</TD>
  <TD align=left><FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates
    Series</FONT></TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">1054 Class I, 0.435%, 3/15/21 (b)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">131</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">1,442</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=center>&nbsp;</TD>
  <TD align=left><FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates
    Series</FONT></TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">1056 Class KD, 1.085%, 3/15/21 (b)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">107</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">2,514</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=center>&nbsp;</TD>
  <TD align=left><FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates
    Series</FONT></TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">1057 Class J, 1.008%, 3/15/21 (b)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">133</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">2,690</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=center>&nbsp;</TD>
  <TD align=left><FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates
    Series</FONT></TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">1148 Class E, 0.593%, 10/15/21 (b)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">373</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">6,327</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=center>&nbsp;</TD>
  <TD align=left><FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates
    Series</FONT></TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">1160 Class F, 29.678%, 10/15/21 (a)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">29</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">38,608</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=center>&nbsp;</TD>
  <TD align=left><FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates
    Series</FONT></TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">1179 Class O, 1.009%, 11/15/21 (b)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">52</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">270</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=center>&nbsp;</TD>
  <TD align=left><FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates
    Series</FONT></TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">1418 Class M, 0%, 11/15/22 (g)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">134</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">109,384</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=center>&nbsp;</TD>
  <TD align=left><FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates
    Series</FONT></TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">1571 Class G, 0%, 8/15/23 (g)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">577</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">439,724</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=center>&nbsp;</TD>
  <TD align=left><FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates
    Series</FONT></TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">1598 Class J, 6.50%, 10/15/08</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">211</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">210,810</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=center>&nbsp;</TD>
  <TD align=left><FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates
    Series</FONT></TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">1616 Class SB, 8.50%, 11/15/08 (a)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">20</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">19,927</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=center>&nbsp;</TD>
  <TD align=left><FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates
    Series</FONT></TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">1691 Class B, 0%, 3/15/24 (g)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">1,819</FONT>&nbsp;  </TD>
  <TD align=right colspan=3>
<FONT size=2 face="sans-serif">1,426,975</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=center>&nbsp;</TD>
  <TD align=left><FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates
    Series</FONT></TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">1706 Class IA, 7%, 10/15/23 (b)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">78</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">1,435</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=center>&nbsp;</TD>
  <TD align=left><FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates
    Series</FONT></TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">1720 Class PK, 7.50%, 1/15/24 (b)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">39</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">2,305</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=center>&nbsp;</TD>
  <TD align=left><FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates
    Series</FONT></TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">1739 Class B, 0%, 2/15/24 (g)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">153</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">142,490</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=center>&nbsp;</TD>
  <TD align=left><FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates
    Series</FONT></TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">1914 Class PC, 0.75%, 12/15/11 (b)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">1,925</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">15,614</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=center>&nbsp;</TD>
  <TD align=left><FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates
    Series</FONT></TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">1961 Class H, 6.50%, 5/15/12</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">225</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">227,964</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=center>&nbsp;</TD>
  <TD align=left><FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates
    Series</FONT></TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">2218 Class Z, 8.50%, 3/15/30</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">9,012</FONT>&nbsp;  </TD>
  <TD align=right colspan=3>
<FONT size=2 face="sans-serif">9,744,105</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=center>&nbsp;</TD>
  <TD align=left><FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates
    Series</FONT></TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">2296 Class SA, 2.139%, 3/15/16 (b)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">584</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">42,956</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=center>&nbsp;</TD>
  <TD align=left><FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates
    Series</FONT></TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">2431 Class Z, 6.50%, 6/15/32</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">11,350</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right><FONT size=2 face="sans-serif">11,795,270</FONT></TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=center>&nbsp;</TD>
  <TD align=left><FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates
    Series</FONT></TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">2444 Class ST, 2.359%, 9/15/29 (b)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">235</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">7,946</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=center>&nbsp;</TD>
  <TD align=left><FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates
    Series</FONT></TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">2542 Class MX, 5.50%, 5/15/22 (b)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">1,205</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">180,140</FONT>&nbsp;  </TD>
</TR>
</TABLE>
<BR>
<P align="center">
<FONT size=2 face="sans-serif">5</FONT></P>

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



<p style="page-break-before:always"></p><PAGE>
<p><A name="page_6"></A></p>
<TABLE width=100% border=0 cellpadding=0 cellspacing=0>
  <TR>
    <TD width=50%><B><FONT face="sans-serif">BlackRock Income Trust, Inc.</FONT></B></TD>
    <TD width=50%></TD>
  </TR>
  <TR>
    <TD style="border-bottom:1px solid #000000;"><B><FONT size=2 face="sans-serif">Schedule
          of Investments July 31, 2008 (Unaudited)</FONT></B></TD>
    <TD align="right" style="border-bottom:1px solid #000000;"><B><FONT size=2 face="sans-serif">(Percentages
          shown are based on Net Assets)</FONT></B></TD>
  </TR>
</TABLE>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
<TR>
     <TD width=26%></TD>
     <TD></TD>
     <TD width=1%></TD>
     <TD width=8%></TD>
     <TD width=1%></TD>
     <TD width=1%></TD>
     <TD width=8%></TD></TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left colspan=2>
<B><FONT size=2 face="sans-serif">U.S. Government Agency Mortgage-Backed</FONT></B>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<B><FONT size=2 face="sans-serif">Securities - Collateralized Mortgage</FONT></B>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=center>
<B><FONT size=2 face="sans-serif">Par</FONT></B>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Obligations</FONT></B>&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=center style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">(000)</FONT></B>&nbsp;  </TD>
  <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=center style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Value</FONT></B>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">2542 Class UC, 6%, 12/15/22</FONT>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">&#36;</FONT>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">10,200</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right><FONT size=2 face="sans-serif">&#36;</FONT></TD>
  <TD align=right>
<FONT size=2 face="sans-serif"> 10,579,842</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">2545 Class NI, 5.50%, 3/15/22 (b)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">2,065</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">252,894</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">2559 Class IO, 5%, 8/15/30 (b)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">427</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">7,143</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">2561 Class EW, 5%, 9/15/16 (b)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">3,253</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">247,736</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">2564 Class NC, 5%, 2/15/33</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">928</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">847,989</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">2611 Class QI, 5.50%, 9/15/32 (b)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">9,479</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">1,690,415</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">2630 Class PI, 5%, 8/15/28 (b)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">4,251</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">415,216</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">2647 Class IV, 1.959%, 7/15/33 (b)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">16,307</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">3,158,725</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">2653 Class MI, 5%, 4/15/26 (b)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">2,677</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">284,717</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">2658 Class PI, 4.50%, 6/15/13 (b)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">1,315</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">9,904</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">2672 Class TQ, 5%, 3/15/23 (b)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">1,477</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">20,039</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">2687 Class IL, 5%, 9/15/18 (b)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">3,633</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">233,684</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">2693 Class IB, 4.50%, 6/15/13 (b)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">1,010</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">6,563</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
    <p><FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series</FONT>&nbsp;  </p></TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">2694 Class LI, 4.50%, 7/15/19 (b)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">1,971</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">134,550</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">2758 Class KV, 5.50%, 5/15/23</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">11,100</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">11,080,055</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">2765 Class UA, 4%, 3/15/11</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">1,573</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">1,560,174</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">2769 Class SQ, 7.237%, 2/15/34 (a)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">4,359</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">2,425,157</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">2773 Class OX, 5%, 2/15/18 (b)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">3,749</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">378,570</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">2780 Class SM, 1.348%, 4/15/34 (b)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">15,797</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">1,054,915</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">2825 Class NI, 5.50%, 3/15/30 (b)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">6,727</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">1,286,520</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series</FONT>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">2827 Class SR, 1.348%, 1/15/22 (b)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">10,232</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">753,682</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">2840 Class SK, 11.121%, 8/15/34 (a)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">1,951</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">1,425,652</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">2861 Class AX, 7.10%, 9/15/34 (a)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">573</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">527,775</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">2865 Class SR, 1.908%, 10/15/33 (b)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">17,570</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">2,664,323</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">2865 Class SV, 2.753%, 10/15/33 (b)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">11,899</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">2,758,841</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">2927 Class BZ, 5.50%, 2/15/35</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">2,469</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">2,260,338</FONT>&nbsp;  </TD>
</TR>
</TABLE>
<BR>
<P align="center">
<FONT size=2 face="sans-serif">6</FONT></P>

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



<p style="page-break-before:always"></p><PAGE>
<p><A name="page_7"></A></p>
<TABLE width=100% border=0 cellpadding=0 cellspacing=0>
  <TR>
    <TD width=50%><B><FONT face="sans-serif">BlackRock Income Trust, Inc.</FONT></B></TD>
    <TD width=50%></TD>
  </TR>
  <TR>
    <TD style="border-bottom:1px solid #000000;"><B><FONT size=2 face="sans-serif">Schedule
          of Investments July 31, 2008 (Unaudited)</FONT></B></TD>
    <TD align="right" style="border-bottom:1px solid #000000;"><B><FONT size=2 face="sans-serif">(Percentages
          shown are based on Net Assets)</FONT></B></TD>
  </TR>
</TABLE>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
<TR>
     <TD width=26%></TD>
     <TD></TD>
     <TD width=1%></TD>
     <TD width=8%></TD>
     <TD width=1%></TD>
     <TD width=1%></TD>
     <TD width=8%></TD></TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left colspan=2>
<B><FONT size=2 face="sans-serif">U.S. Government Agency Mortgage-Backed</FONT></B>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<B><FONT size=2 face="sans-serif">Securities - Collateralized Mortgage</FONT></B>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=center>
<B><FONT size=2 face="sans-serif">Par</FONT></B>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Obligations</FONT></B>&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=center style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">(000)</FONT></B>&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=center style="border-bottom:1px solid #000000;"><B><FONT size=2 face="sans-serif">Value</FONT></B>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">2933 Class SL, 2.914%, 2/15/35 (b)</FONT>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">&#36;</FONT>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">1,969</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=left><FONT size=2 face="sans-serif">&#36;</FONT></TD>
  <TD align=right>
<FONT size=2 face="sans-serif"> 140,419</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left colspan=2>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">2949 Class IO, 5.50%, 3/15/35 (b)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">1,559</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">334,699</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left colspan=2>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">2990 Class WR, 1.929%, 6/15/35 (b)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">29,792</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">2,578,727</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left colspan=2>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">3010 Class SC, 10.583%, 3/15/34 (a)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">1,325</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">1,365,841</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left colspan=2>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">3061 Class BD, 7.50%, 11/15/35</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">3,641</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">3,899,745</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left colspan=2>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">3167 Class SX, 22.699%, 6/15/36 (a)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">526</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">538,175</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left colspan=2>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">3225 Class EY, 1.638%, 10/15/36 (b)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">81,136</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">6,281,844</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left colspan=2>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">3299 Class TI, 5%, 4/15/37 (b)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">3,183</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">738,240</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left colspan=2>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series T-8</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Class A10, 0%, 11/15/28 (g)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">207</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">158,613</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left colspan=2>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series T-</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">11 Class A9, 2.265%, 1/25/28 (a)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">3,707</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">3,276,673</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left colspan=2>
<FONT size=2 face="sans-serif">Ginnie Mae Trust Series 1996-5 Class Z, 7%,</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">5/16/26</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">915</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">962,362</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left colspan=2>
<FONT size=2 face="sans-serif">Ginnie Mae Trust Series 2001-33 Class PB,</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">6.50%, 7/20/31</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">1,513</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">1,563,527</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=center bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6"><FONT size=2 face="sans-serif">Ginnie Mae Trust Series 2003-58
    Class IT,</FONT></TD>
  <TD align=center bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=center bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=center bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=center bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=center bgcolor="#E6E6E6">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">5.50%, 7/20/33 (b)</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">1,639</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">252,631</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left colspan=2>
<FONT size=2 face="sans-serif">Ginnie Mae Trust Series 2003-89 Class SA,</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">0.84%, 10/16/33 (b)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">14,642</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">884,316</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD colspan=2 align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">Ginnie Mae Trust Series 2004-18 Class VC, 5%,</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">3/16/15</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">6,690</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">6,752,181</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left colspan=2>
<FONT size=2 face="sans-serif">Ginnie Mae Trust Series 2004-39 Class ID, 5%,</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">5/20/33 (b)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">1,500</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">381,182</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD colspan=2 align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">Ginnie Mae Trust Series 2004-89 Class PE, 6%,</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">10/20/34</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">3,638</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">3,729,407</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=center>&nbsp;</TD>
  <TD align=left><FONT size=2 face="sans-serif">Ginnie Mae Trust Series 2005-18
    Class SL,</FONT></TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">1.203%, 2/20/35 (b)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">14,281</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">850,562</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD colspan=2 align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">Ginnie Mae Trust Series 2005-47 Class SP,</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">0.853%, 8/20/32 (b)</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">17,393</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">839,154</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left colspan=2>
<B><FONT size=2 face="sans-serif">Total U.S. Government Agency Mortgage-</FONT></B>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left colspan=2>
<B><FONT size=2 face="sans-serif">Backed Securities - Collateralized Mortgage</FONT></B>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Obligations - 39.7%</FONT></B>&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">169,890,093</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD colspan=2 align=left bgcolor="#E6E6E6">
<B><FONT size=2 face="sans-serif">Non-U.S. Government Agency Mortgage-</FONT></B>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Backed Securities</FONT></B>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap>
<B><FONT size=2 face="sans-serif">Collateralized Mortgage Obligations - 22.9%&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B>&nbsp;  </TD>
  <TD align=left colspan=2>
<FONT size=2 face="sans-serif">ABN AMRO Mortgage Corp. Series 2003-4 Class</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">A2, 5.50%, 3/25/33 (b)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">335</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">2,214</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD colspan=2 align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">Banc of America Funding Corp. Series 2007-2</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">Class 1A19, 0%, 3/25/37 (b)</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">103,955</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">3,237,912</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left colspan=2>
<FONT size=2 face="sans-serif">Banc of America Funding Corp. Series 2007-5</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Class 4A3, 3.655%, 7/25/37 (b)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">35,280</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">2,714,174</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD colspan=2 align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">Banc of America Mortgage Securities Inc. Series</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">2003-3 Class 1AIO, 0.286%, 5/25/18 (b)</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">215,048</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">1,864,041</FONT>&nbsp;  </TD>
</TR>
</TABLE>
<BR>
<P align="center">
<FONT size=2 face="sans-serif">7</FONT></P>

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



<p style="page-break-before:always"></p><PAGE>
<p><A name="page_8"></A></p>
<TABLE width=100% border=0 cellpadding=0 cellspacing=0>
  <TR>
    <TD width=50%><B><FONT face="sans-serif">BlackRock Income Trust, Inc.</FONT></B></TD>
    <TD width=50%></TD>
  </TR>
  <TR>
    <TD style="border-bottom:1px solid #000000;"><B><FONT size=2 face="sans-serif">Schedule
          of Investments July 31, 2008 (Unaudited)</FONT></B></TD>
    <TD align="right" style="border-bottom:1px solid #000000;"><B><FONT size=2 face="sans-serif">(Percentages
          shown are based on Net Assets)</FONT></B></TD>
  </TR>
</TABLE>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
<TR>
     <TD width=26%></TD>
     <TD></TD>
     <TD width=1%></TD>
     <TD width=8%></TD>
     <TD width=1%></TD>
     <TD width=1%></TD>
     <TD width=8%></TD></TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<B><FONT size=2 face="sans-serif">Non-U.S. Government Agency Mortgage-Backed</FONT></B>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=center>
<B><FONT size=2 face="sans-serif">Par</FONT></B>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Securities</FONT></B>&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=center style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">(000)</FONT></B>&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=center style="border-bottom:1px solid #000000;">
 &nbsp; &nbsp; &nbsp;<B><FONT size=2 face="sans-serif">Value</FONT></B>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">Bear Stearns Asset Backed Securities Series</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">2007-AC2 Class X, 0.25%, 3/25/37 (b)</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">&#36;</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">24,127</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">&#36; 239,060</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Citi Mortgage Alternative Loan Trust Series</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">2007-A5 Class 1A7, 6%, 5/25/37 (b)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">1,928</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">248,951</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">Citigroup Mortgage Loan Trust, Inc. Series</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">2005-12 Class 1A2, 1.615%, 8/25/35 (b)</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">22,985</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">780,164</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Collateralized Mortgage Obligation Trust Series</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">40 Class R, 0.58%, 4/01/18 (b)(h)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">289</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">289</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">Collateralized Mortgage Obligation Trust Series</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">42 Class R, 6%, 10/01/14 (b)(h)</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">45</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">2,893</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Countrywide Alternative Loan Trust Series</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">2005-28CB Class 1A5, 5.50%, 8/25/35</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">3,579</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">3,131,308</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">Countrywide Alternative Loan Trust Series</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">2005-56 Class 1A1, 3.202%, 11/25/35 (a)</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">4,929</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">3,210,037</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Countrywide Alternative Loan Trust Series</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">2005-72 Class A2, 2.832%, 1/25/36 (a)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">4,213</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">2,401,513</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">Countrywide Alternative Loan Trust Series</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">2005-79C Class A2, 0%, 1/25/36 (b)</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">130,947</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">4,049,620</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left colspan=2>
<FONT size=2 face="sans-serif">Countrywide Home Loan Mortgage Pass-Through Trust</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Series 2003-26 Class PO, 0%, 8/25/33 (g)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">4,926</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">3,317,268</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD colspan=2 align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">Countrywide Home Loan Mortgage Pass-Through Trust</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">Series 2003-J4 Class PO, 0%, 6/25/33 (g)</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">1,004</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">614,929</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left colspan=2>
<FONT size=2 face="sans-serif">Countrywide Home Loan Mortgage Pass-Through Trust</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Series 2003-J5 Class PO, 0%, 7/25/33 (g)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">1,314</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">887,786</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD colspan=2 align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">Countrywide Home Loan Mortgage Pass-Through Trust</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">Series 2003-J8 Class PO, 0%, 9/25/23 (g)</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">1,100</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">714,304</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Deutsche Alt-A Securities Inc. Mortgage Series</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">2006-AR5 Class 22A, 5.50%, 10/25/21</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">1,878</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">1,721,735</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">Drexel Burnham Lambert CMO Trust Series K</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">Class 1, 0%, 9/23/17 (g)</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">18</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">17,934</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Drexel Burnham Lambert CMO Trust Series V</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Class 1, 0%, 9/01/18 (g)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">206</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">179,836</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">First Boston Mortgage Securities Corp. Series C</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">Class I-O, 10.965%, 4/25/17 (b)</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">66</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">15,903</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">First Horizon Alternative Mortgage Securities Series</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">2005-FA7 Class 1A7, 0%, 10/25/35 (b)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">68,728</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">2,011,107</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">First Horizon Alternative Mortgage Securities Series</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">2005-FA9 Class A2, 0%, 12/25/35 (b)</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">168,744</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">5,714,155</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">First Horizon Alternative Mortgage Securities Series</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">2006-FA2 Class 1A4, 0.628%, 5/25/36 (b)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">19,225</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">1,018,552</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">GSMPS Mortgage Loan Trust Series 1998-5 Class</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">IO, 0.97%, 6/19/27 (b)</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">6,829</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">132,483</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Homebanc Mortgage Trust Series 2005-4 Class</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">A1, 2.742%, 10/25/35 (a)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">5,246</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">4,317,514</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">Indymac Index Mortgage Loan Trust Series</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">2006-AR33 Class 4AX, 0.165%, 1/25/37 (b)</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">146,786</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">579,997</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">JPMorgan Alternative Loan Trust Series 2006-</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">S1 Class 3A1A, 5.35%, 3/25/36 (a)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">2,202</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">2,208,198</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">JPMorgan Mortgage Trust Series 2005-S1 Class</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">2A1, 8%, 1/25/35</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">6,101</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">6,086,176</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">JPMorgan Mortgage Trust Series 2006-A7 Class</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">2A2, 5.801%, 1/25/37 (a)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">1,419</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">1,346,129</FONT>&nbsp;  </TD>
</TR>
</TABLE>
<BR>
<P align="center">
<FONT size=2 face="sans-serif">8</FONT></P>

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



<p style="page-break-before:always"></p><PAGE>
<p><A name="page_9"></A></p>
<TABLE width=100% border=0 cellpadding=0 cellspacing=0>
  <TR>
    <TD width=50%><B><FONT face="sans-serif">BlackRock Income Trust, Inc.</FONT></B></TD>
    <TD width=50%></TD>
  </TR>
  <TR>
    <TD style="border-bottom:1px solid #000000;"><B><FONT size=2 face="sans-serif">Schedule
          of Investments July 31, 2008 (Unaudited)</FONT></B></TD>
    <TD align="right" style="border-bottom:1px solid #000000;"><B><FONT size=2 face="sans-serif">(Percentages
          shown are based on Net Assets)</FONT></B></TD>
  </TR>
</TABLE>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
<TR>
     <TD width=26%></TD>
     <TD></TD>
     <TD width=1%></TD>
     <TD width=8%></TD>
     <TD width=1%></TD>
     <TD width=1%></TD>
     <TD width=8%></TD></TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<B><FONT size=2 face="sans-serif">Non-U.S. Government Agency Mortgage-Backed</FONT></B>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<B><FONT size=2 face="sans-serif">Par</FONT></B>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Securities</FONT></B>&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">(000)</FONT></B>&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=left style="border-bottom:1px solid #000000;">
 &nbsp; &nbsp; &nbsp;<B><FONT size=2 face="sans-serif">Value</FONT></B>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">Kidder Peabody Acceptance Corp Series 1993-1</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">Class A6, 12.031%, 8/25/23 (a)</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">&#36;</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">105</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6"><FONT size=2 face="sans-serif">&#36;</FONT></TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif"> 105,650</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Kidder Peabody Mortgage Assets Trust Series B</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Class A2, 9.50%, 4/22/18 (b)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">50</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">10,928</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">Luminent Mortgage Trust Series 2006-A1 Class</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">2A1, 2.642%, 12/25/36 (a)</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">4,767</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">2,999,677</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">MASTR Adjustable Rate Mortgages Trust Series 2004-</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">3 Class 3AX, 0.977%, 4/25/34 (b)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">21,532</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">273,482</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">MASTR Alternative Loans Trust Series 2003-7</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">Class 4A3, 8%, 11/25/18</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">1,375</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">1,458,728</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">MASTR Alternative Loans Trust Series 2003-9</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Class 15X2, 6%, 1/25/19 (b)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">1,242</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">203,439</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">MASTR Asset Securitization Trust Series 2004-3</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">Class 4A15, 0%, 3/25/34 (g)</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">314</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">78,386</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Morgan Stanley Mortgage Loan Trust Series</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">2004-3 Class 1AX, 5%, 5/25/19 (b)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">1,351</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">192,387</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">Painewebber CMO Trust Series 88M, 13.80%,</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">9/01/18 (h)(i)(j)</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">13</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">0</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Residential Accredit Loans, Inc. Series 2005-</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">QS16 Class A2, 0%, 11/25/35 (b)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">133,495</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">2,806,688</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">Residential Accredit Loans, Inc. Series 2006-</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">Q03 Class A1, 2.682%, 4/25/46 (a)</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">3,040</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">1,927,616</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Residential Accredit Loans, Inc. Series 2006-</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Q04 Class 2A2, 2.712%, 4/25/46 (a)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">3,245</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">1,914,513</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">Residential Asset Securitization Trust Series</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">2005-A15 Class 1A8, 0%, 2/25/36 (g)</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">983</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">438,407</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Residential Funding Securities LLC Series 2003-</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">RM2 Class AI5, 8.50%, 5/25/33</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">9,087</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">9,559,401</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">Sequoia Mortgage Trust Series 2005-2 Class XA,</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">0.998%, 3/20/35 (b)</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">51,313</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">707,602</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Structured Adjustable Rate Mortgage Loan Trust</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Series 2004-11 Class A, 6.875%, 8/25/34 (a)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">1,935</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">1,933,625</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">Structured Adjustable Rate Mortgage Loan Trust</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">Series 2005-18 Class 7AX, 5.50%, 9/25/35 (b)</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">4,830</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">732,083</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Structured Adjustable Rate Mortgage Loan Trust</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Series 2005-20 Class 3AX, 5.50%, 10/25/35 (b)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">3,803</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">538,487</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">Structured Adjustable Rate Mortgage Loan Trust</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">Series 2006-2 Class 4AX, 5.50%, 3/25/36 (b)</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">12,634</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">2,071,169</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Structured Adjustable Rate Mortgage Loan Trust</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Series 2006-7 Class 3AS, 2.374%, 8/25/36 (b)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">41,259</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">3,910,500</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">Structured Mortgage Asset Residential Trust</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">Series 1993-3C Class CX, 0%, 4/25/24 (g)</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">12</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">5,779</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Summit Mortgage Trust Series 2000-1 Class B1,</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">6.706%, 12/28/12 (a)(h)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">5</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">4,630</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">Vendee Mortgage Trust Series 1999-2 Class</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">1IO, 0.052%, 5/15/29 (b)</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">78,771</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">195,211</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">WaMu Mortgage Pass-Through Certificates Series</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">2005-AR4 Class A3, 4.585%, 4/25/35 (a)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">3,000</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">2,929,794</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">WaMu Mortgage Pass-Through Certificates Series</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">2006-AR1 Class 2A1C, 4.598%, 1/25/46 (a)</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">7,089</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">4,323,941</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Washington Mutual Alternative Mortgage Pass-</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Through Certificates Series 2005-8 Class 1A4,</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">1.215%, 10/25/35 (b)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">8,882</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">136,231</FONT>&nbsp;  </TD>
</TR>
</TABLE>
<BR>
<P align="center">
<FONT size=2 face="sans-serif">9</FONT></P>

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



<p style="page-break-before:always"></p><PAGE>
<p><A name="page_10"></A></p>
<TABLE width=100% border=0 cellpadding=0 cellspacing=0>
  <TR>
    <TD width=50%><B><FONT face="sans-serif">BlackRock Income Trust, Inc.</FONT></B></TD>
    <TD width=50%></TD>
  </TR>
  <TR>
    <TD style="border-bottom:1px solid #000000;"><B><FONT size=2 face="sans-serif">Schedule
          of Investments July 31, 2008 (Unaudited)</FONT></B></TD>
    <TD align="right" style="border-bottom:1px solid #000000;"><B><FONT size=2 face="sans-serif">(Percentages
          shown are based on Net Assets)</FONT></B></TD>
  </TR>
</TABLE>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
<TR>
     <TD width=26%></TD>
     <TD></TD>
     <TD width=1%></TD>
     <TD width=8%></TD>
     <TD width=1%></TD>
     <TD width=1%></TD>
     <TD width=8%></TD></TR>
<TR valign="bottom">
  <TD align=left>&nbsp;</TD>
  <TD align=left colspan=2>
<B><FONT size=2 face="sans-serif">Non-U.S. Government Agency Mortgage-Backed</FONT></B>&nbsp;  </TD>
  <TD align=right>
<B><FONT size=2 face="sans-serif">Par</FONT></B>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Securities</FONT></B>&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">(000)</FONT></B>&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=center style="border-bottom:1px solid #000000;">&nbsp;<B><FONT size=2 face="sans-serif">Value</FONT></B></TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD colspan=2 align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">Washington Mutual Alternative Mortgage Pass-</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD colspan=2 align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">Through Certificates Series 2005-9 Class CP,</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">0%, 11/25/35 (g)</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">&#36;</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">928</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">&#36; 628,745</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left colspan=2>
<FONT size=2 face="sans-serif">Washington Mutual Alternative Mortgage Pass-</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left colspan=2>
<FONT size=2 face="sans-serif">Through Certificates Series 2007-1 Class 1A3,</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">2.842%, 2/25/37 (a)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">7,517</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">5,307,701</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">98,160,982</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap>
<B><FONT size=2 face="sans-serif">Commercial Mortgage-Backed Securities -</FONT></B>&nbsp;<B><FONT size=2 face="sans-serif">1.6%&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B> </TD>
  <TD align=left colspan=2>
<FONT size=2 face="sans-serif">CS First Boston Mortgage Securities Corp. Series 1997-</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">C1 Class AX, 1.672%, 6/20/29 (b)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">5,400</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">240,786</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD colspan=2 align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">Commercial Mortgage Acceptance Corp. Series 1997-</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">ML1 Class IO, 0.705%, 12/15/30 (b)</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">17,440</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">422,658</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left colspan=2>
<FONT size=2 face="sans-serif">Credit Suisse Mortgage Capital Certificates</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left colspan=2>
<FONT size=2 face="sans-serif">Series 2007-C2 Class A3, 5.542%, 1/15/49 (a)</FONT>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">2,420</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">2,213,126</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD colspan=2 align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">First Union-Lehman Brothers Commercial Mortgage</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD colspan=2 align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">Series 1997-C2 Class D, 7.12%, 11/18/29</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">3,500</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">3,660,864</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left colspan=2>
<FONT size=2 face="sans-serif">Morgan Stanley Capital I Series 1997-HF1 Class</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">X, 3.438%, 7/15/29 (b)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">69</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">4</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">6,537,438</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left colspan=2>
<B><FONT size=2 face="sans-serif">Total Non-U.S. Government Agency Mortgage-Backed</FONT></B>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Securities - 24.5%</FONT></B>&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">104,698,420</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD colspan=2 align=left bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">U.S. Government and Agency Obligations</FONT></B>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=center>&nbsp;</TD>
  <TD align=left><FONT size=2 face="sans-serif">Federal Housing Administration,
    General</FONT></TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left colspan=2>
<FONT size=2 face="sans-serif">Motors Acceptance Corp. Projects, Series 56,</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">7.43%, 11/01/22</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">342</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">349,853</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=center bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6"><FONT size=2 face="sans-serif">Federal Housing Administration,
    Merrill</FONT></TD>
  <TD align=center bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=center bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=center bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=center bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=center bgcolor="#E6E6E6">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD colspan=2 align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">Projects, Series 54, 7.43%, 2/01/23 (l)</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">2</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">2,382</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left colspan=2>
<FONT size=2 face="sans-serif">Federal Housing Administration, Reilly Project,</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Series 41, 8.28%, 3/01/20</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">732</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">746,760</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD colspan=2 align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">Federal Housing Administration, USGI Projects,</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">Series 87, 7.43%, 12/01/22</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">76</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">78,492</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left colspan=2>
<FONT size=2 face="sans-serif">Federal Housing Administration, USGI Projects,</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Series 99, 7.43%, 6/01/21</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">5,274</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">5,380,083</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD colspan=2 align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">Federal Housing Administration, USGI Projects,</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">Series 99, 7.43%, 10/01/23</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">80</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">82,505</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left colspan=2>
<FONT size=2 face="sans-serif">Federal Housing Administration, USGI Projects,</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Series 99, 7.43%, 10/01/23</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">238</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">243,764</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=center bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6"><FONT size=2 face="sans-serif">Overseas Private Investment
    Corp., 0%,</FONT></TD>
  <TD align=center bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=center bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=center bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=center bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=center bgcolor="#E6E6E6">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">5/29/12 (a)</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">358</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">374,887</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left colspan=2>
<FONT size=2 face="sans-serif">Overseas Private Investment Corp., 4.09%,</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">5/29/12</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">331</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">337,667</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD colspan=2 align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">Overseas Private Investment Corp., 4.30%,</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">5/29/12 (a)</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">929</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">988,498</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left colspan=2>
<FONT size=2 face="sans-serif">Overseas Private Investment Corp., 4.64%,</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">5/29/12</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">699</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">753,826</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD colspan=2 align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">Overseas Private Investment Corp., 4.68%,</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">5/29/12</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">395</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">405,869</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left colspan=2>
<FONT size=2 face="sans-serif">Overseas Private Investment Corp., 4.87%,</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">5/29/12</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">2,999</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">3,263,810</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD colspan=2 align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">Resolution Funding Corp., 0%, 4/15/30 (e)</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">13,000</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">4,409,886</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left colspan=2>
<FONT size=2 face="sans-serif">Small Business Administration Series 1, 1%,</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">4/01/15 (b)</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">4,368</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">43,681</FONT>&nbsp;  </TD>
</TR>
</TABLE>
<BR>
<P align="center">
<FONT size=2 face="sans-serif">10</FONT></P>

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



<p style="page-break-before:always"></p><PAGE>
<p><A name="page_11"></A></p>
<TABLE width=100% border=0 cellpadding=0 cellspacing=0>
  <TR>
    <TD width=50%><B><FONT face="sans-serif">BlackRock Income Trust, Inc.</FONT></B></TD>
    <TD width=50%></TD>
  </TR>
  <TR>
    <TD style="border-bottom:1px solid #000000;"><B><FONT size=2 face="sans-serif">Schedule
          of Investments July 31, 2008 (Unaudited)</FONT></B></TD>
    <TD align="right" style="border-bottom:1px solid #000000;"><B><FONT size=2 face="sans-serif">(Percentages
          shown are based on Net Assets)</FONT></B></TD>
  </TR>
</TABLE>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
<TR>
     <TD width=26%></TD>
     <TD></TD>
     <TD width=1%></TD>
     <TD width=8%></TD>
     <TD width=1%></TD>
     <TD width=1%></TD>
     <TD width=8%></TD>
     <TD width=2%></TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<B><FONT size=2 face="sans-serif">Par</FONT></B>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left colspan=2 style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">U.S. Government and Agency Obligations</FONT></B>&nbsp;  </TD>
  <TD align=right style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">(000)</FONT></B>&nbsp;  </TD>
  <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=center style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Value</FONT></B>&nbsp;  </TD>
  <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">U.S. Treasury STRIPS, 0%, 11/15/24 (e)(k)</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;"><FONT size=2 face="sans-serif">&#36;</FONT></TD>
  <TD align=right bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif"> 40,000</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;"><FONT size=2 face="sans-serif">&#36;</FONT></TD>
  <TD align=right bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif"> 18,501,240</FONT></TD>
  <TD align=right bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left colspan=2 style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Total U.S. Government and Agency Obligations - 8.4%</FONT></B>&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">35,963,203</FONT>  </TD>
  <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">
<B><FONT size=2 face="sans-serif">Total Long-Term Investments</FONT></B>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">(Cost - &#36;584,047,123) - 140.3%</FONT></B>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">600,144,909</FONT>  </TD>
  <TD align=right bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Short-Term Securities</FONT></B>&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">
<B><FONT size=2 face="sans-serif">U.S. Government Obligations - 3.8%</FONT></B>&nbsp;  </TD>
  <TD colspan=2 align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">Federal Home Loan Bank, 2.34%, 8/05/08</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">12,000</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">11,997,400</FONT>  </TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left colspan=2 style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">Federal Home Loan Bank S, 1.82%, 8/01/08</FONT>&nbsp;  </TD>
  <TD align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">4,200</FONT>&nbsp;  </TD>
  <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">4,200,000</FONT></TD>
  <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">
<B><FONT size=2 face="sans-serif">Borrowed Bond Agreement - 4.8%</FONT></B>&nbsp;  </TD>
  <TD colspan=2 align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">Lehman Brothers Inc., purchased on 7/03/08</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">to yield 2.08% to 7/03/09</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">20,748</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">20,748,444</FONT>  </TD>
  <TD align=right bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<B><FONT size=2 face="sans-serif">Total Short-Term Securities</FONT></B>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">(Cost - &#36;36,945,844) - 8.6%</FONT></B>&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">36,945,844</FONT></TD>
  <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Options Purchased</FONT></B>&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Contracts+</FONT></B>&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Swaptions Purchased</FONT></B>&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD colspan=2 align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">Receive a fixed rate of 5.39% and pay a floating rate</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD colspan=2 align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">based on 3-month LIBOR, expiring March 2012</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">7</FONT>  </TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">379,366</FONT>  </TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left colspan=2>
<FONT size=2 face="sans-serif">Receive a fixed rate of 5.47% and pay a floating rate</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left colspan=2>
<FONT size=2 face="sans-serif">based on 3-month LIBOR, expiring May 2012</FONT>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">12</FONT>  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">677,462</FONT>  </TD>
  <TD align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD colspan=2 align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">Receive a fixed rate of 5.78% and pay a floating rate</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD colspan=2 align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">based on 3-month LIBOR, expiring August 2010</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">2</FONT>  </TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">192,343</FONT>  </TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left colspan=2>
<FONT size=2 face="sans-serif">Receive a fixed rate of 6.025% and pay a floating rate</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left colspan=2>
<FONT size=2 face="sans-serif">based on 3-month LIBOR, expiring June 2012</FONT>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">8</FONT>  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">657,556</FONT>  </TD>
  <TD align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD colspan=2 align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">Pay a fixed rate of 5.39% and receive a floating rate</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD colspan=2 align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">based on 3-month LIBOR, expiring March 2012</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">7</FONT>  </TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">334,172</FONT>  </TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left colspan=2>
<FONT size=2 face="sans-serif">Pay a fixed rate of 5.47% and receive a floating rate</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left colspan=2>
<FONT size=2 face="sans-serif">based 3-month LIBOR, expiring May 2012</FONT>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">12</FONT>  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">543,765</FONT>  </TD>
  <TD align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD colspan=2 align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">Pay a fixed rate of 5.78% and receive a floating rate</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD colspan=2 align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">based 3-month LIBOR, expiring August 2010</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">2</FONT>  </TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">62,796</FONT></TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left colspan=2>
<FONT size=2 face="sans-serif">Pay a fixed rate of 6.025% and receive a floating rate</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left colspan=2 style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">based on 3-month LIBOR, expiring June 2012</FONT>&nbsp;  </TD>
  <TD align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">8</FONT></TD>
  <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">251,087</FONT>  </TD>
  <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">
<B><FONT size=2 face="sans-serif">Total Options Purchased</FONT></B>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">(Cost - &#36;2,906,788) - 0.7%</FONT></B>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">3,098,547</FONT></TD>
  <TD align=right bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left colspan=2>
<B><FONT size=2 face="sans-serif">Total Investments Before Borrowed Bond, TBA Sale</FONT></B>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left colspan=2>
<B><FONT size=2 face="sans-serif">Commitments and Options Written</FONT></B>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">(Cost - &#36;623,899,755*) - 149.6%</FONT></B>&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">640,189,300</FONT>  </TD>
  <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<B><FONT size=2 face="sans-serif">Par</FONT></B>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Borrowed Bond</FONT></B>&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">(000)</FONT></B>&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD colspan=2 align=left bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">U.S. Treasury Note, 4.75%, 5/31/12</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">&#36; (19,505</FONT>  </TD>
  <TD align=left bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;"><FONT size=2 face="sans-serif">)</FONT></TD>
  <TD align=right bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">(20,695,117</FONT>  </TD>
  <TD align=left bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;"><FONT size=2 face="sans-serif">)</FONT></TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<B><FONT size=2 face="sans-serif">Total Borrowed Bond</FONT></B>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">(Proceeds - &#36;19,383,094) - (4.8)%</FONT></B>&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">(20,695,117</FONT>  </TD>
  <TD align=left style="border-bottom:1px solid #000000;"><FONT size=2 face="sans-serif">)</FONT></TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">TBA Sale Commitments</FONT></B>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left colspan=2>
<FONT size=2 face="sans-serif">Fannie Mae Guaranteed Pass-Through Certificate,</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">6%, 10/01/36 - 7/01/37</FONT>&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">(14,300</FONT>  </TD>
  <TD align=left style="border-bottom:1px solid #000000;"><FONT size=2 face="sans-serif">)</FONT></TD>
  <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">(14,378,736</FONT>  </TD>
  <TD align=left style="border-bottom:1px solid #000000;"><FONT size=2 face="sans-serif">)</FONT></TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">
<B><FONT size=2 face="sans-serif">Total TBA Sale Commitments</FONT></B>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">(Proceeds - &#36;14,264,250) - (3.4)%</FONT></B>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">(14,378,736</FONT>  </TD>
  <TD align=left bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;"><FONT size=2 face="sans-serif">)</FONT></TD>
</TR>
<TR valign="bottom">
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Options Written</FONT></B>&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Contracts+</FONT></B>&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Swaptions Written</FONT></B>&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD colspan=2 align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">Pay a fixed rate of 4.7525% and receive a floating</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD colspan=2 align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">rate based on 3-month &#36; LIBOR, expiring May 2009</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">30</FONT></TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">(721,860</FONT></TD>
  <TD align=left bgcolor="#E6E6E6"><FONT size=2 face="sans-serif">)</FONT></TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left colspan=2>
<FONT size=2 face="sans-serif">Pay a fixed rate of 5.325% and receive a floating rate</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left colspan=2>
<FONT size=2 face="sans-serif">based on 3-month LIBOR, expiring July 2013</FONT>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">11</FONT>  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">(344,921</FONT>  </TD>
  <TD align=left><FONT size=2 face="sans-serif">)</FONT></TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD colspan=2 align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">Pay a fixed rated of 4.80% and receive a floating rate</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD colspan=2 align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">based on 3-month &#36; LIBOR, expiring March 2011</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">115</FONT>  </TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">(3,315,910</FONT></TD>
  <TD align=left bgcolor="#E6E6E6"><FONT size=2 face="sans-serif">)</FONT></TD>
</TR>
</TABLE>
<BR>
<P align="center">
<FONT size=2 face="sans-serif">11</FONT></P>

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



<p style="page-break-before:always"></p><PAGE>
<p><A name="page_12"></A></p>
<TABLE width=100% border=0 cellpadding=0 cellspacing=0>
  <TR>
    <TD width=50%><B><FONT face="sans-serif">BlackRock Income Trust, Inc.</FONT></B></TD>
    <TD width=50%></TD>
  </TR>
  <TR>
    <TD style="border-bottom:1px solid #000000;"><B><FONT size=2 face="sans-serif">Schedule
          of Investments July 31, 2008 (Unaudited)</FONT></B></TD>
    <TD align="right" style="border-bottom:1px solid #000000;"><B><FONT size=2 face="sans-serif">(Percentages
          shown are based on Net Assets)</FONT></B></TD>
  </TR>
</TABLE>

<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
<TR>
     <TD width=26%></TD>
     <TD></TD>
     <TD width=8%></TD>
     <TD width=1%></TD>
     <TD width=1%></TD>
     <TD width=8%></TD>
     <TD width=2%></TD>
</TR>
<TR valign="bottom">
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Options Written</FONT></B>&nbsp;  </TD>
  <TD align=center style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Contracts+</FONT></B>&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=left style="border-bottom:1px solid #000000;">
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<B><FONT size=2 face="sans-serif">Value</FONT></B>&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">Pay a fixed rated of 4.95% and receive a floating rate</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>

</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">based on 3-month &#36; LIBOR, expiring March 2011</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">68</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">&#36; (1,704,624</FONT>  </TD>
  <TD align=left bgcolor="#E6E6E6"><FONT size=2 face="sans-serif">)</FONT></TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Pay a fixed rated of 5.485% and receive a floating</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">rate based on expiring 3-month LIBOR</FONT>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">5</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">(303,080</FONT>  </TD>
  <TD align=left><FONT size=2 face="sans-serif">)</FONT></TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">Pay a fixed rated of 5.50% and receive a floating rate</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">based on 3-month &#36; LIBOR, expiring March 2010</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">58</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">(2,043,050</FONT>  </TD>
  <TD align=left bgcolor="#E6E6E6"><FONT size=2 face="sans-serif">)</FONT></TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left colspan=2>
<FONT size=2 face="sans-serif">Pay a fixed rated of 5.50% and receive a floating rate based</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">on 3-month &#36; LIBOR, expiring September 2011</FONT>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">33</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">(1,616,769</FONT>  </TD>
  <TD align=left><FONT size=2 face="sans-serif">)</FONT></TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">Pay a fixed rated of 5.67% and receive a floating rate</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">based on 3-month LIBOR, expiring January 2010</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">12</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">(806,198</FONT>  </TD>
  <TD align=left bgcolor="#E6E6E6"><FONT size=2 face="sans-serif">)</FONT></TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Receive a fixed rated of 5.46% and pay a floating rate</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">based on 3-month LIBOR, expiring August 2008</FONT>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">3</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">(232,397</FONT>  </TD>
  <TD align=left><FONT size=2 face="sans-serif">)</FONT></TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">Pay a fixed rated of 5.46% and receive a floating rate</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">based on 3-month LIBOR, expiring August 2008</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">3</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">(308</FONT>  </TD>
  <TD align=left bgcolor="#E6E6E6"><FONT size=2 face="sans-serif">)</FONT></TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Receive a fixed rate of 4.7525% and pay a floating</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">rate based on 3-month &#36; LIBOR, expiring May 2009</FONT>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">30</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">(1,046,040</FONT>  </TD>
  <TD align=left><FONT size=2 face="sans-serif">)</FONT></TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">Receive a fixed rate of 5.325% and pay a floating rate</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">based on 3-month &#36; LIBOR, expiring July 2013</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">11</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">(340,737</FONT>  </TD>
  <TD align=left bgcolor="#E6E6E6"><FONT size=2 face="sans-serif">)</FONT></TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">Receive a fixed rate of 5.485% and pay a floating rate</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">based on 3-month LIBOR, expiring October 2009</FONT>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">5</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">(108,389</FONT>  </TD>
  <TD align=left><FONT size=2 face="sans-serif">)</FONT></TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">Receive a fixed rate of 5.67% and pay a floating rate</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">based on 3-month LIBOR, expiring January 2010</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">12</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">(226,957</FONT>  </TD>
  <TD align=left bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;"><FONT size=2 face="sans-serif">)</FONT></TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<B><FONT size=2 face="sans-serif">Total Options Written</FONT></B>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">(Premiums Received - &#36;8,064,996) - (3.0)%</FONT></B>&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">(12,811,240</FONT>  </TD>
  <TD align=left style="border-bottom:1px solid #000000;"><FONT size=2 face="sans-serif">)</FONT></TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">
<B><FONT size=2 face="sans-serif">Total Investments, Net of Borrowed Bond, TBA Sale</FONT></B>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">
<B><FONT size=2 face="sans-serif">Commitments and Options Written</FONT></B>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">
<B><FONT size=2 face="sans-serif">(Cost - &#36;582,187,416) - 138.4%</FONT></B>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">592,304,207</FONT></TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>
<B><FONT size=2 face="sans-serif">Liabilities in Excess of Other Assets - (38.4)%</FONT></B>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">(164,473,828</FONT>  </TD>
  <TD align=left style="border-bottom:1px solid #000000;"><FONT size=2 face="sans-serif">)</FONT></TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">
<B><FONT size=2 face="sans-serif">Net Assets - 100.0%</FONT></B>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6" style="border-bottom:3px double #000000;">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6" style="border-bottom:3px double #000000;">&nbsp;</TD>
  <TD align=right nowrap bgcolor="#E6E6E6" style="border-bottom:3px double #000000;">
<FONT size=2 face="sans-serif">&#36; 427,830,379</FONT></TD>
  <TD align=right bgcolor="#E6E6E6" style="border-bottom:3px double #000000;">&nbsp;</TD>
</TR>
</TABLE>

<TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
  <TR>
    <TD nowrap valign=top>&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR>
    <TD nowrap valign=top><FONT size=2 face="sans-serif">*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
    <TD><P align="left"><FONT size=2 face="sans-serif">The cost and unrealized appreciation (depreciation)
 of investments as of July 31, 2008, as computed for federal income tax purposes, were as follows:</FONT></P></TD>
  </TR>
  <TR>
    <TD colspan=2>&nbsp;</TD>
  </TR>
</TABLE>

<div style="margin-left:35px">
<TABLE width=36% border=0 cellpadding=0 cellspacing=0>
<TR>
     <TD width=71%></TD>
     <TD width=4%></TD>
     <TD width=24%></TD>
     <TD width=1%></TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">

  <TD align=left>
<FONT size=2 face="sans-serif">Aggregate cost</FONT>&nbsp;  </TD>
  <TD align=left style="border-bottom:3px double #000000;">
<FONT size=2 face="sans-serif">&#36;</FONT>&nbsp;  </TD>
  <TD align=right style="border-bottom:3px double #000000;">
<FONT size=2 face="sans-serif">623,949,541</FONT>  </TD>
<td></td>
</TR>
<TR valign="bottom">
  <TD align=left>
<FONT size=2 face="sans-serif">Gross unrealized appreciation</FONT>&nbsp;
  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">&#36;</FONT>&nbsp;
  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">54,136,495</FONT>  </TD>
<td></td>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>
<FONT size=2 face="sans-serif">Gross unrealized depreciation</FONT></TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right style="border-bottom:1px solid #000000;"><FONT size=2 face="sans-serif">(37,896,736</FONT></TD>
<td align="left"><FONT size=2 face="sans-serif">)</FONT></td>
</TR>
<TR valign="bottom">
  <TD align=left>
<FONT size=2 face="sans-serif">Net unrealized appreciation</FONT>&nbsp;
  </TD>
  <TD align=left style="border-bottom:3px double #000000;">
<FONT size=2 face="sans-serif">&#36;</FONT>&nbsp;
  </TD>
  <TD align=right style="border-bottom:3px double #000000;">
<FONT size=2 face="sans-serif">16,239,759</FONT></TD>
<td></td>
</TR>
</TABLE></div>
<BR>
<TABLE border=0 cellspacing=0 cellpadding=0>
<TR>
  <TD nowrap valign=top><FONT size=2 face="sans-serif">+</FONT></TD>
  <TD><FONT size=2 face="sans-serif">One contract represents a notional amount
    of &#36;1,000,000.</FONT></TD>
</TR>
<TR>
  <TD nowrap valign=top>
<FONT size=2 face="sans-serif">(a)</FONT>&nbsp; &nbsp; &nbsp;   </TD>
  <TD width=100%>
<P align="left"><FONT size=2 face="sans-serif">Variable rate security. Rate shown is as of report date. Maturity shown is the final maturity date.</FONT></P>  </TD>
</TR>
<TR>
  <TD nowrap valign=top>
<FONT size=2 face="sans-serif">(b)</FONT>&nbsp; &nbsp; &nbsp;   </TD>
  <TD width=100%>
<P align="left"><FONT size=2 face="sans-serif">Represents the interest only portion of a mortgage-backed security and has either a nominal or a notional amount of principal.</FONT></P>  </TD>
</TR>
<TR>
  <TD nowrap valign=top>
<FONT size=2 face="sans-serif">(c)</FONT>&nbsp; &nbsp; &nbsp;   </TD>
  <TD width=100%>
<P align="left"><FONT size=2 face="sans-serif">Represents or includes a "to-be-announced" transaction. The Trust has committed to purchasing securities for which all specific information is not available at this time.</FONT></P>  </TD>
</TR>
<TR>
  <TD nowrap valign=top>
<FONT size=2 face="sans-serif">(d)</FONT>&nbsp; &nbsp; &nbsp;   </TD>
  <TD width=100%>
<P align="left"><FONT size=2 face="sans-serif">All or a portion of security held as collateral in connection with financial futures contracts.</FONT></P>  </TD>
</TR>
<TR>
  <TD nowrap valign=top>
<FONT size=2 face="sans-serif">(e)</FONT>&nbsp; &nbsp; &nbsp;   </TD>
  <TD width=100%>
<P align="left"><FONT size=2 face="sans-serif">All or a portion of security, have been pledged as collateral for reverse repurchase agreements. Reverse repurchase agreements outstanding as of July 31, 2008 were as follows:</FONT></P>  </TD>
</TR>
<TR><TD colspan=2>&nbsp;</TD></TR></TABLE>

<div style="margin-left:35px">
<TABLE border=0 width=94% cellspacing=0 cellpadding=0>
<TR>
     <TD width=20%></TD>
     <TD width=2%></TD>
     <TD width=2%></TD>
     <TD width=10%></TD>
     <TD width=2%></TD>
     <TD width=2%></TD>
     <TD width=10%></TD>
     <TD width=2%></TD>
     <TD width=2%></TD>
     <TD width=9%></TD>
     <TD width=2%></TD>
     <TD width=2%></TD>
     <TD width=2%></TD>
     <TD width=9%></TD>
     <TD width=2%></TD>
     <TD width=2%></TD>
     <TD width=2%></TD>
     <TD width=9%></TD></TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>
<B><FONT size=2 face="sans-serif">Interest</FONT></B>&nbsp;  </TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>
<B><FONT size=2 face="sans-serif">Trade</FONT></B>&nbsp;  </TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>
<B><FONT size=2 face="sans-serif">Maturity</FONT></B>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=center>
<B><FONT size=2 face="sans-serif">Net Closing</FONT></B>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=center>
<B><FONT size=2 face="sans-serif">Face</FONT></B>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Counterparty</FONT></B>&nbsp;  </TD>
  <TD align=center style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=center style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=center style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Rate</FONT></B>&nbsp;  </TD>
  <TD align=center style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=center style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=center style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Date</FONT></B>&nbsp;  </TD>
  <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=center style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Date</FONT></B>&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=center style="border-bottom:1px solid #000000;">
 &nbsp;<B><FONT size=2 face="sans-serif">Amount</FONT></B>&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=center style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Amount</FONT></B>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left>
<FONT size=2 face="sans-serif">Lehman Brothers, Inc.</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">2.18%</FONT>&nbsp;  </TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>
<FONT size=2 face="sans-serif">7/03/08</FONT>&nbsp;  </TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>
<FONT size=2 face="sans-serif">TBD</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=left>
<FONT size=2 face="sans-serif">&#36;</FONT>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">4,606,826</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>
<FONT size=2 face="sans-serif">&#36;</FONT>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">4,598,750</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>
<FONT size=2 face="sans-serif">Lehman Brothers, Inc.</FONT>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">2.40</FONT>&nbsp;  </TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>
<FONT size=2 face="sans-serif">7/11/08</FONT>&nbsp;  </TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>
<FONT size=2 face="sans-serif">8/13/08</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">13,240,428</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">13,214,000</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">Lehman Brothers, Inc.</FONT>&nbsp;  </TD>
  <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">2.05</FONT>&nbsp;  </TD>
  <TD align=center style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=center style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=center style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">7/16/08</FONT>&nbsp;  </TD>
  <TD align=center style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=center style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=center style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">TBD</FONT>&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">8,772,737</FONT>&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">8,765,250</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>
<B><FONT size=2 face="sans-serif">Total</FONT></B>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD align=left style="border-bottom:3px double #000000;">
<FONT size=2 face="sans-serif">&#36;</FONT>&nbsp;  </TD>
  <TD align=right style="border-bottom:3px double #000000;">
<FONT size=2 face="sans-serif">26,619,991</FONT>&nbsp;  </TD>
  <TD align=left style="border-bottom:3px double #000000;">&nbsp;</TD>
  <TD align=left style="border-bottom:3px double #000000;">&nbsp;</TD>
  <TD align=left style="border-bottom:3px double #000000;">
<FONT size=2 face="sans-serif">&#36;</FONT>&nbsp;  </TD>
  <TD align=right style="border-bottom:3px double #000000;">
<FONT size=2 face="sans-serif">26,578,000</FONT>&nbsp;  </TD>
</TR>
</TABLE>
</div>
<BR>
<TABLE width="35%" border=0 cellpadding=0 cellspacing=0>
<TR>
  <TD nowrap valign=top>
<FONT size=2 face="sans-serif">(f)</FONT>&nbsp; &nbsp; &nbsp;   </TD>
  <TD width=100%>
<P align="left"><FONT size=2 face="sans-serif">Amount is less than &#36;1,000.</FONT></P>  </TD>
</TR><TR>
  <TD nowrap valign=top>
<FONT size=2 face="sans-serif">(g)</FONT>&nbsp; &nbsp; &nbsp;   </TD>
  <TD width=100%>
<P align="left"><FONT size=2 face="sans-serif">Represents a principal only portion of a mortgage-backed security.</FONT></P>  </TD>
</TR><TR>
  <TD nowrap valign=top>
<FONT size=2 face="sans-serif">(h)</FONT>&nbsp; &nbsp; &nbsp;   </TD>
  <TD width=100%>
<P align="left"><FONT size=2 face="sans-serif">Security is fair valued.</FONT></P>  </TD>
</TR><TR>
  <TD nowrap valign=top>
<FONT size=2 face="sans-serif">(i)</FONT>&nbsp; &nbsp; &nbsp;   </TD>
  <TD width=100%>
<P align="left"><FONT size=2 face="sans-serif">Non-income producing security.</FONT></P>  </TD>
</TR>
<TR><TD colspan=2>&nbsp;</TD></TR></TABLE>
<P align="center">
<FONT size=2 face="sans-serif">12</FONT></P>

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



<p style="page-break-before:always"></p><PAGE>
<p><A name="page_13"></A></p>
<TABLE width=100% border=0 cellpadding=0 cellspacing=0>
  <TR>
    <TD width=50%><B><FONT face="sans-serif">BlackRock Income Trust, Inc.</FONT></B></TD>
    <TD width=50%></TD>
  </TR>
  <TR>
    <TD style="border-bottom:1px solid #000000;"><B><FONT size=2 face="sans-serif">Schedule
          of Investments July 31, 2008 (Unaudited)</FONT></B></TD>
    <TD align="right" style="border-bottom:1px solid #000000;">&nbsp;</TD>
  </TR>
</TABLE>
<TABLE border=0 cellspacing=0 cellpadding=0>
<TR>
  <TD nowrap valign=top>
<FONT size=2 face="sans-serif">(j)</FONT>&nbsp; &nbsp; &nbsp;   </TD>
  <TD width=100%>
<P align="left"><FONT size=2 face="sans-serif">Issuer filed for bankruptcy or is in default of interest payments.</FONT></P>  </TD>
</TR><TR>
  <TD nowrap valign=top>
<FONT size=2 face="sans-serif">(k)</FONT>&nbsp; &nbsp; &nbsp;   </TD>
  <TD width=100%>
<P align="left"><FONT size=2 face="sans-serif">Separately Traded Registered Interest and Principal Securities.</FONT></P>  </TD>
</TR><TR>
  <TD nowrap valign=top>
<FONT size=2 face="sans-serif">(l)</FONT>&nbsp; &nbsp; &nbsp;   </TD>
  <TD width=100%>
<P align="left"><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></P>  </TD>
</TR>
<TR><TD colspan=2>&nbsp;</TD></TR></TABLE>


<div style="margin-left:35px">
<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
<TR>
     <TD width=43%></TD>
     <TD width=2%></TD>
     <TD width=11%></TD>
     <TD width=2%></TD>
     <TD width=9%></TD>
     <TD width=2%></TD>
     <TD width=2%></TD>
     <TD width=2%></TD>
     <TD width=12%></TD>
     <TD width=2%></TD>
     <TD width=10%></TD></TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>
<B><FONT size=2 face="sans-serif">Purchase</FONT></B>&nbsp;  </TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>
<B><FONT size=2 face="sans-serif">Sale</FONT></B>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=center>
<B><FONT size=2 face="sans-serif">Realized</FONT></B>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>
<B><FONT size=2 face="sans-serif">Interest</FONT></B>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Affiliate</FONT></B>&nbsp;  </TD>
  <TD align=center style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=center style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Cost</FONT></B>&nbsp;  </TD>
  <TD align=center style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=center style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Cost</FONT></B>&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=center style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Loss</FONT></B>&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=left 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 bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">Merrill Projects, Series 54, 7.43%, 2/01/23</FONT>&nbsp;  </TD>
  <TD align=center bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=center bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">-</FONT>&nbsp;  </TD>
  <TD align=center bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=center bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">&#36; 50,209</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">&#36;</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=center bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">
 &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">(2,166)</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">&#36; 52,813</FONT>&nbsp;  </TD>
</TR>
</TABLE></div>
<BR>
<UL>
<LI>
<P align="left"><FONT size=2 face="sans-serif">For Trust compliance purposes,
    the Trust's industry classifications refer to any one or more of the industry
    sub-</FONT><FONT size=2 face="sans-serif">classifications used by one or
    more widely  recognized market indexes or ratings group indexes, and/or as</FONT> <FONT size=2 face="sans-serif">defined
    by Trust management. This definition may not apply for purposes of this report,
    which may combine</FONT> <FONT size=2 face="sans-serif">industry sub-classifications
    for reporting ease.</FONT></P>
</LI>
<LI>
<P align="left"><FONT size=2 face="sans-serif">Financial future contracts purchased as of July 31, 2008 were as follows:</FONT></P></LI>
</UL>

<div style="margin-left:35px">
<TABLE border=0 width=95% cellspacing=0 cellpadding=0>
<TR>
     <TD width=4%></TD>
     <TD width=1%></TD>
     <TD width=8%></TD>
     <TD width=1%></TD>
     <TD width=24%></TD>
     <TD width=1%></TD>
     <TD width=25%></TD>
     <TD width=3%></TD>
     <TD width=1%></TD>
     <TD width=1%></TD>
     <TD width=13%></TD>
     <TD width=4%></TD>
     <TD width=1%></TD>
     <TD width=1%></TD>
    <TD width=11%></TD>
    <TD width=1%></TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>
<B><FONT size=2 face="sans-serif">Expiration</FONT></B>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=center>
 &nbsp; &nbsp;<B><FONT size=2 face="sans-serif">Face</FONT></B>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=center>
<B><FONT size=2 face="sans-serif">Unrealized</FONT></B>&nbsp;  </TD>
  <TD align=center>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Contracts</FONT></B>&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=center style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Issue</FONT></B>&nbsp;  </TD>
  <TD align=center style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=center style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Date</FONT></B>&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=center style="border-bottom:1px solid #000000;">
 &nbsp;<B><FONT size=2 face="sans-serif">Value</FONT></B>&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=center style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Appreciation</FONT></B>&nbsp;  </TD>
  <TD align=center style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=right valign="bottom" bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">8</FONT>&nbsp;  </TD>
  <TD align=left valign="bottom" bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left valign="bottom" bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left valign="bottom" bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=center valign="bottom" bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">EuroDollar Futures</FONT>&nbsp;  </TD>
  <TD align=center valign="bottom" bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=center valign="bottom" bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">March 2010</FONT>&nbsp;  </TD>
  <TD align=left valign="bottom" bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left valign="bottom" bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">&#36;</FONT ></TD>
  <TD align=left valign="bottom" bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right valign="bottom" bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">1,918,324</FONT>&nbsp;  </TD>
  <TD align=right valign="bottom" bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right valign="bottom" bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">&#36;</FONT> </TD>
  <TD align=right valign="bottom" bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right valign="bottom" bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">76</FONT>  </TD>
  <TD align=right valign="bottom" bgcolor="#E6E6E6">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=right>
<FONT size=2 face="sans-serif">11</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=center>
<FONT size=2 face="sans-serif">EuroDollar Futures</FONT>&nbsp;  </TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>
<FONT size=2 face="sans-serif">December 2010</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">2,621,822</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">3,466</FONT>  </TD>
  <TD align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">37</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=center bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">EuroDollar Futures</FONT>&nbsp;  </TD>
  <TD align=center bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=center bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">March 2011</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">8,818,330</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">7,558</FONT>  </TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">22</FONT>&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=center style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">EuroDollar Futures</FONT>&nbsp;  </TD>
  <TD align=center style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=center style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">June 2011</FONT>&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">5,234,155</FONT>&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">10,370</FONT>  </TD>
  <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=right bgcolor="#E6E6E6">
<B><FONT size=2 face="sans-serif">Total</FONT></B>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6" style="border-bottom:3px double #000000;">
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD align=right bgcolor="#E6E6E6" style="border-bottom:3px double #000000;">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6" style="border-bottom:3px double #000000;">
<FONT size=2 face="sans-serif">21,470</FONT>  </TD>
  <TD align=right bgcolor="#E6E6E6" style="border-bottom:3px double #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left colspan=11 style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">&#149; Financial future contracts sold as of July 31, 2008 were as follows:</FONT>&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=center>
<B><FONT size=2 face="sans-serif">Unrealized</FONT></B>&nbsp;  </TD>
  <TD align=center>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>
<B><FONT size=2 face="sans-serif">Expiration</FONT></B>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=center>
 &nbsp; &nbsp;<B><FONT size=2 face="sans-serif">Face</FONT></B>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=center>
<B><FONT size=2 face="sans-serif">Appreciation</FONT></B>&nbsp;  </TD>
  <TD align=center>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left colspan=4 style="border-bottom:1px solid #000000;"><B><FONT size=2 face="sans-serif">Contracts</FONT></B>&nbsp;  </TD>
  <TD align=center style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Issue</FONT></B>&nbsp;  </TD>
  <TD align=center style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=center style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Date</FONT></B>&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=center style="border-bottom:1px solid #000000;">
 &nbsp;<B><FONT size=2 face="sans-serif">Value</FONT></B>&nbsp;  </TD>
  <TD align=center style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=center style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=center style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=center style="border-bottom:1px solid #000000;"><B><FONT size=2 face="sans-serif">(Depreciation)</FONT></B></TD>
  <TD align=center style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">668</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=center bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">2-Year U.S. Treasury Bond</FONT>&nbsp;  </TD>
  <TD align=center bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=center bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">September 2008</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">&#36;</FONT></TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">141,439,701</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">&#36;</FONT></TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">(176,299</FONT>  </TD>
  <TD align=left bgcolor="#E6E6E6"><FONT size=2 face="sans-serif">)</FONT></TD>
</TR>
<TR valign="bottom">
  <TD align=right>
<FONT size=2 face="sans-serif">14</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=center>
<FONT size=2 face="sans-serif">5-Year U.S. Treasury Bond</FONT>&nbsp;  </TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>
<FONT size=2 face="sans-serif">September 2008</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">1,546,641</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">(12,062</FONT>  </TD>
  <TD align=left><FONT size=2 face="sans-serif">)</FONT></TD>
</TR>
<TR valign="bottom">
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">958</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=center bgcolor="#E6E6E6"><FONT size=2 face="sans-serif">10-Year U.S. Treasury Bond</FONT>&nbsp;</TD>
  <TD align=center bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=center bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">September 2008</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">&#36;</FONT> </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">108,054,864</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">(1,950,480</FONT>  </TD>
  <TD align=left bgcolor="#E6E6E6"><FONT size=2 face="sans-serif">)</FONT></TD>
</TR>
<TR valign="bottom">
  <TD align=right>
<FONT size=2 face="sans-serif">408</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=center><FONT size=2 face="sans-serif">30-Year U.S. Treasury Bond</FONT>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>
<FONT size=2 face="sans-serif">September 2008</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">46,316,356</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">(807,644</FONT>  </TD>
  <TD align=left><FONT size=2 face="sans-serif">)</FONT></TD>
</TR>
<TR valign="bottom">
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">88</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=center bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">EuroDollar Futures</FONT>&nbsp;  </TD>
  <TD align=center bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=center bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">September 2008</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">&#36;</FONT> </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">21,416,707</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">34,907</FONT>  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=right>
<FONT size=2 face="sans-serif">62</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=center>
<FONT size=2 face="sans-serif">EuroDollar Futures</FONT>&nbsp;  </TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>
<FONT size=2 face="sans-serif">December 2008</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">15,119,776</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">84,001</FONT>  </TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">51</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=center bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">EuroDollar Futures</FONT>&nbsp;  </TD>
  <TD align=center bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=center bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">March 2009</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">&#36;</FONT> </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">12,429,323</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">72,660</FONT></TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=right>
<FONT size=2 face="sans-serif">50</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=center>
<FONT size=2 face="sans-serif">EuroDollar Futures</FONT>&nbsp;  </TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>
<FONT size=2 face="sans-serif">June 2009</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>
<FONT size=2 face="sans-serif">&#36;</FONT></TD>
  <TD align=left>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">12,157,448</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">64,948</FONT>  </TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">70</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=center bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">EuroDollar Futures</FONT>&nbsp;  </TD>
  <TD align=center bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=center bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">September 2009</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">&#36;</FONT> </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">16,956,472</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">72,472</FONT>  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=right>
<FONT size=2 face="sans-serif">3</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=center>
<FONT size=2 face="sans-serif">EuroDollar Futures</FONT>&nbsp;  </TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>
<FONT size=2 face="sans-serif">December 2009</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>
<FONT size=2 face="sans-serif">&#36;</FONT> </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">721,520</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">320</FONT>  </TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">2</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=center bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">EuroDollar Futures</FONT>&nbsp;  </TD>
  <TD align=center bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=center bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">June 2010</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">479,160</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">535</FONT>  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">14</FONT>&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=center style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">EuroDollar Futures</FONT>&nbsp;  </TD>
  <TD align=center style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=center style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">September 2010</FONT>&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=left style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">&#36;</FONT></TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">3,372,372</FONT>&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">26,897</FONT></TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">
<B><FONT size=2 face="sans-serif">Total</FONT></B>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6" style="border-bottom:3px double #000000;">
<FONT size=2 face="sans-serif">&#36;</FONT> </TD>
  <TD align=right bgcolor="#E6E6E6" style="border-bottom:3px double #000000;">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6" style="border-bottom:3px double #000000;">
<FONT size=2 face="sans-serif">(2,589,745</FONT></TD>
  <TD align=left bgcolor="#E6E6E6" style="border-bottom:3px double #000000;"><FONT size=2 face="sans-serif">)</FONT></TD>
</TR>
<TR valign="bottom">
  <TD align=left colspan=7 style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">&#149; Swaps outstanding as of July 31, 2008 were as follows:</FONT>&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=center>
<B><FONT size=2 face="sans-serif">Notional</FONT></B>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=center>
<B><FONT size=2 face="sans-serif">Amount</FONT></B>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=center>
<B><FONT size=2 face="sans-serif">Unrealized</FONT></B>&nbsp;  </TD>
  <TD align=center>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=center style="border-bottom:1px solid #000000;">
 &nbsp;<B><FONT size=2 face="sans-serif">(000)</FONT></B>&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=center style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Appreciation</FONT></B>&nbsp;  </TD>
  <TD align=center style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD colspan=7 align=left bgcolor="#E6E6E6"><FONT size=2 face="sans-serif">Receive a fixed rate of 5.38341% and pay a floating rate</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD colspan=5 align=left bgcolor="#E6E6E6"><FONT size=2 face="sans-serif">based on 3-month &#36; LIBOR</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD colspan=7 align=left bgcolor="#E6E6E6"><FONT size=2 face="sans-serif">Broker, Credit Suisse First Boston International</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD colspan=5 align=left bgcolor="#E6E6E6"><FONT size=2 face="sans-serif">Expires July 2009</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">&#36;</FONT> </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">200,000</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">&#36;</FONT> </TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">4,434,331</FONT>  </TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
</TR>
<TR>
  <TD colspan=16>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left colspan=7><FONT size=2 face="sans-serif">Receive a fixed rate of 4.7775% and pay a floating rate</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left colspan=5><FONT size=2 face="sans-serif">based on 3-month &#36; LIBOR</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left colspan=5><FONT size=2 face="sans-serif">Broker, Citibank NA</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left colspan=5><FONT size=2 face="sans-serif">Expires August 2009</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>
<FONT size=2 face="sans-serif">&#36;</FONT></TD>
  <TD align=left>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">18,800</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=right>
<FONT size=2 face="sans-serif">331,921</FONT>  </TD>
  <TD align=right>&nbsp;</TD>
</TR>
<TR>
  <TD colspan=16>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD colspan=7 align=left bgcolor="#E6E6E6"><FONT size=2 face="sans-serif">Receive a fixed rate of 4.034% and pay a floating rate</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD colspan=5 align=left bgcolor="#E6E6E6"><FONT size=2 face="sans-serif">based on 3-month &#36; LIBOR</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD colspan=5 align=left bgcolor="#E6E6E6"><FONT size=2 face="sans-serif">Broker, Deutsche Bank AG London</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD colspan=5 align=left bgcolor="#E6E6E6"><FONT size=2 face="sans-serif">Expires December 2009</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">&#36;</FONT></TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">16,200</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">190,314</FONT></TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
</TR>
</TABLE>
</div>
<BR>
<P align="center">
<FONT size=2 face="sans-serif">13</FONT></P>

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



<p style="page-break-before:always"></p><PAGE>
<p><A name="page_14"></A></p>
<TABLE width=100% border=0 cellpadding=0 cellspacing=0>
  <TR>
    <TD width=50%><B><FONT face="sans-serif">BlackRock Income Trust, Inc.</FONT></B></TD>
    <TD width=50%></TD>
  </TR>
  <TR>
    <TD style="border-bottom:1px solid #000000;"><B><FONT size=2 face="sans-serif">Schedule
          of Investments July 31, 2008 (Unaudited)</FONT></B></TD>
    <TD align="right" style="border-bottom:1px solid #000000;">&nbsp;</TD>
  </TR>
</TABLE>


<div style="margin-left:3%">
<TABLE border=0 width=97% cellspacing=0 cellpadding=0>
<TR>
     <TD></TD>
     <TD width=2%></TD>
     <TD width=10%></TD>
     <TD width=2%></TD>
     <TD width=2%></TD>
     <TD width=10%></TD>
     <TD width=2%></TD>
</TR>
<TR valign="bottom">
  <TD align=left style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">&#149; Swaps outstanding as of July 31, 2008 were as follows:</FONT>&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=center>
<B><FONT size=2 face="sans-serif">Notional</FONT></B>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=center>
<B><FONT size=2 face="sans-serif">Unrealized</FONT></B>&nbsp;  </TD>
  <TD align=center>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=center>
<B><FONT size=2 face="sans-serif">Amount</FONT></B>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=center>
<B><FONT size=2 face="sans-serif">Appreciation</FONT></B>&nbsp;  </TD>
  <TD align=center>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=center style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">(000)</FONT></B>&nbsp;  </TD>
  <TD align=center style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=center style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=center style="border-bottom:1px solid #000000;"><B><FONT size=2 face="sans-serif">(Depreciation)</FONT></B></TD>
  <TD align=center style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">Receive a fixed rate of 4.10% and pay a floating rate</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">based on 3-month &#36; LIBOR</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">Broker, Lehman Brothers Special Financing</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">Expires December 2009</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">&#36;</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">12,600</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">&#36;</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">158,122</FONT>  </TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
</TR>
<TR>
  <TD colspan=7>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">Receive a fixed rate of 4.05% and pay a floating rate</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">based on 3-month &#36; LIBOR</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">Broker, Barclays London</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">Expires December 2009</FONT>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">&#36;</FONT>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">5,600</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">66,971</FONT>  </TD>
  <TD align=right>&nbsp;</TD>
</TR>
<TR>
  <TD colspan=7>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">Pay a fixed rate of 3.535% and receive a floating rate</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">based on 3-month &#36; LIBOR</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">Broker, Lehman Brothers Special Financing</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">Expires January 2010</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">&#36;</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">29,300</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">(139,202</FONT>  </TD>
  <TD align=left bgcolor="#E6E6E6"><FONT size=2 face="sans-serif">)</FONT></TD>
</TR>
<TR>
  <TD colspan=7>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">Receive a fixed rate of 4.31996% and pay a floating rate</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">based on 3-month &#36; LIBOR</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">Broker, UBS AG</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">Expires September 2010</FONT>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">&#36;</FONT>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">12,000</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">199,513</FONT>  </TD>
  <TD align=right>&nbsp;</TD>
</TR>
<TR>
  <TD colspan=7>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">Receive a fixed rate of 4.95% and pay a floating rate</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">based on 3-month &#36; LIBOR</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">Broker, UBS AG</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">Expires November 2011</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">&#36;</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">4,400</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">148,976</FONT>  </TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
</TR>
<TR>
  <TD colspan=7>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">Receive a fixed rate of 5.025% and pay a floating rate</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">based on 3-month &#36; LIBOR</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">Broker, Deutsche Bank AG London</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">Expires November 2011</FONT>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">&#36;</FONT>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">3,000</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">107,817</FONT>  </TD>
  <TD align=right>&nbsp;</TD>
</TR>
<TR>
  <TD colspan=7>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">Receive a fixed rate of 5.39256% and pay a floating rate</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">based on 3-month LIBOR</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">Broker, Credit Suisse First Boston</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">Expires June 2012</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">&#36;</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">64,000</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">3,233,167</FONT>  </TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
</TR>
<TR>
  <TD colspan=7>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">Pay a fixed rate of 4.88911% and receive a floating rate</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">based on 3-month &#36; LIBOR</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">Broker, Goldman Sachs &amp; Co.</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">Expires August 2014</FONT>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">&#36;</FONT>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">19,000</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">(578,161</FONT>  </TD>
  <TD align=left><FONT size=2 face="sans-serif">)</FONT></TD>
</TR>
<TR>
  <TD colspan=7>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">Pay a fixed rate of 4.39919% and receive a floating rate</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">based on 3-month &#36; LIBOR</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">Broker, Deutsche Bank AG London</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">Expires October 2014</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">&#36;</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">12,500</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">(27,911</FONT>  </TD>
  <TD align=left bgcolor="#E6E6E6"><FONT size=2 face="sans-serif">)</FONT></TD>
</TR>
<TR>
  <TD colspan=7>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">Receive a fixed rate of 4.8834% and pay a floating rate</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">based on 3-month &#36; LIBOR</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">Broker, UBS AG</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">Expires March 2015</FONT>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">&#36;</FONT>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">25,000</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">672,956</FONT></TD>
  <TD align=right>&nbsp;</TD>
</TR>
<TR>
  <TD colspan=7>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">Pay a fixed rate of 4.925% and receive a floating rate</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">based on 3-month &#36; LBR Municipal Swap Index</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">Broker, Deutsche Bank AG London</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">Expires March 2015</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">&#36;</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">16,000</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">(471,190</FONT>  </TD>
  <TD align=left bgcolor="#E6E6E6"><FONT size=2 face="sans-serif">)</FONT></TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
</TR>
</TABLE>
</div>
<p>&nbsp;</p>
<p align="center"><FONT size=2 face="sans-serif">14</FONT>&nbsp;<BR>
</p>
<HR noshade align="center" width="100%" size=4>



<p style="page-break-before:always"></p><PAGE>
<p><A name="page_15"></A></p>
<TABLE width=100% border=0 cellpadding=0 cellspacing=0><TR>
    <td width=50%><b><font face="sans-serif">BlackRock Income Trust, Inc.</font></b></td>
    <td width=50%></td>
  </tr>
  <tr>
    <td style="border-bottom:1px solid #000000;"><b><font size=2 face="sans-serif">Schedule
          of Investments July 31, 2008 (Unaudited)</font></b></td>
    <td align="right" style="border-bottom:1px solid #000000;">&nbsp;</td>
  </tr>
</table>
<div style="margin-left:3%">
<TABLE border=0 width=97% cellspacing=0 cellpadding=0>
<TR>
     <TD></TD>
     <TD width=2%></TD>
     <TD width=10%></TD>
     <TD width=2%></TD>
     <TD width=2%></TD>
     <TD width=10%></TD>
     <TD width=2%></TD>
</TR>
<TR valign="bottom">
  <TD align=left style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">&#149; Swaps outstanding as of July 31, 2008 were as follows:</FONT>&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=center>
<B><FONT size=2 face="sans-serif">Notional</FONT></B>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=center>
<B><FONT size=2 face="sans-serif">Unrealized</FONT></B>&nbsp;  </TD>
  <TD align=center>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=center>
<B><FONT size=2 face="sans-serif">Amount</FONT></B>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=center>
<B><FONT size=2 face="sans-serif">Appreciation</FONT></B>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=center style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">(000)</FONT></B>&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=center style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">(Depreciation)</FONT></B>&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">Pay a fixed rate of 4.50% and receive a floating rate</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">based on 3-month &#36; LIBOR</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">Broker, JPMorgan Chase</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">Expires May 2015</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">&#36;</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">3,000</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">&#36;</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">(13,557</FONT>  </TD>
  <TD align=left bgcolor="#E6E6E6"><FONT size=2 face="sans-serif">)</FONT></TD>
</TR>
<TR>
  <TD colspan=7>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">Receive a fixed rate of 4.442% and pay a floating rate</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">based on 3-month &#36; LIBOR</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">Broker, Morgan Stanley Capital</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">Expires July 2015</FONT>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">&#36;</FONT>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">4,500</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">1,477</FONT>  </TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR>
  <TD colspan=7>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">Receive a fixed rate of 5.94% and pay a floating rate</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">based on 3-month &#36; LIBOR</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">Broker, UBS AG</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">Expires December 2015</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">&#36;</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">2,800</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">257,516</FONT>  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
</TR>
<TR>
  <TD colspan=7>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">Receive a fixed rate of 4.87% and pay a floating rate</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">based on 3-month LBR Muni Swap Index</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">Broker, Goldman Sachs &amp; Co.</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">Expires January 2016</FONT>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">&#36;</FONT>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">5,500</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">133,240</FONT></TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR>
  <TD colspan=7>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">Receive a fixed rate of 5.723% and pay a floating rate</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">based on 3-month &#36; LIBOR</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">Broker, JPMorgan Chase</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">Expires July 2016</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">&#36;</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">5,400</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">431,090</FONT></TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
</TR>
<TR>
  <TD colspan=7>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">Receive a fixed rate of 5.295% and pay a floating rate</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">based on 3-month &#36; LIBOR</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">Broker, UBS AG</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">Expires February 2017</FONT>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">&#36;</FONT>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">11,900</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">595,014</FONT>  </TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR>
  <TD colspan=7>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">Receive a fixed rate of 5.25% and pay a floating rate</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">based on 3-month &#36; LIBOR</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">Broker, Goldman Sachs &amp; Co.</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">Expires April 2017</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">&#36;</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">800</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">37,116</FONT>  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
</TR>
<TR>
  <TD colspan=7>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">Pay a fixed rate of 5.74% and receive a floating rate</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">based on 3-month &#36; LIBOR</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">Broker, Deutsche Bank AG London</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">Expires June 2017</FONT>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">&#36;</FONT>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">1,400</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">(115,353</FONT>  </TD>
  <TD align=left><FONT size=2 face="sans-serif">)</FONT></TD>
</TR>
<TR>
  <TD colspan=7>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">Pay a fixed rate of 5.5451% and receive a floating rate</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">based on 3-month &#36; LIBOR</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">Broker, Deutsche Bank AG London</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">Expires June 2017</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">&#36;</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">1,800</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">(122,813</FONT>  </TD>
  <TD align=left bgcolor="#E6E6E6"><FONT size=2 face="sans-serif">)</FONT></TD>
</TR>
<TR>
  <TD colspan=7>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">Pay a fixed rate of 5.85% and receive a floating rate</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">based on 3-month &#36; LIBOR</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">Broker, Deutsche Bank AG London</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">Expires June 2017</FONT>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">&#36;</FONT>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">1,000</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">(90,466</FONT>  </TD>
  <TD align=left><FONT size=2 face="sans-serif">)</FONT></TD>
</TR>
</TABLE></div>
<BR>
<P align="center">
<FONT size=2 face="sans-serif">15</FONT></P>

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



<p style="page-break-before:always"></p><PAGE>
<p><A name="page_16"></A></p>
<TABLE width=100% border=0 cellpadding=0 cellspacing=0>
  <TR>
    <TD width=50%><B><FONT face="sans-serif">BlackRock Income Trust, Inc.</FONT></B></TD>
    <TD width=50%></TD>
  </TR>
  <TR>
    <TD style="border-bottom:1px solid #000000;"><B><FONT size=2 face="sans-serif">Schedule
          of Investments July 31, 2008 (Unaudited)</FONT></B></TD>
    <TD align="right" style="border-bottom:1px solid #000000;">&nbsp;</TD>
  </TR>
</TABLE>
<div style="margin-left:3%">
<TABLE border=0 width=97% cellspacing=0 cellpadding=0>
<TR>
     <TD></TD>
     <TD width=2%></TD>
     <TD width=10%></TD>
     <TD width=2%></TD>
     <TD width=2%></TD>
     <TD width=10%></TD>
     <TD width=2%></TD>
</TR>
<TR valign="bottom">
  <TD align=left style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">&#149; Swaps outstanding as of July 31, 2008 were as follows:</FONT>&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=center>
<B><FONT size=2 face="sans-serif">Notional</FONT></B>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=center>
<B><FONT size=2 face="sans-serif">Unrealized</FONT></B>&nbsp;  </TD>
  <TD align=center>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=center>
<B><FONT size=2 face="sans-serif">Amount</FONT></B>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=center>
<B><FONT size=2 face="sans-serif">Appreciation</FONT></B>&nbsp;  </TD>
  <TD align=center>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=center style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">(000)</FONT></B>&nbsp;  </TD>
  <TD align=center style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=center style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=center style="border-bottom:1px solid #000000;"><B><FONT size=2 face="sans-serif">(Depreciation)</FONT></B></TD>
  <TD align=center style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">Receive a fixed rate of 5.505% and pay a floating rate</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">based on 3-month &#36; LIBOR</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">Broker, Bank of America</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">Expires August 2017</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">&#36;</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">165,647</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">&#36;</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">10,750,816</FONT></TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
</TR>
<TR>
  <TD colspan=7>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">Pay a fixed rate of 4.54% and receive a floating rate</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">based on 3-month &#36; LIBOR</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">Broker, Morgan Stanley Capital</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">Expires December 2017</FONT>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">&#36;</FONT>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">7,700</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">61,092</FONT>  </TD>
  <TD align=right>&nbsp;</TD>
</TR>
<TR>
  <TD colspan=7>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">Pay a fixed rate of 4.4575% and receive a floating rate</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">based on 3-month &#36; LIBOR</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">Broker, Goldman Sachs &amp; Co.</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">Expires January 2018</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">&#36;</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">2,600</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">38,667</FONT></TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
</TR>
<TR>
  <TD colspan=7>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">Pay a fixed rate of 5.115% and receive a floating rate</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">based on 3-month &#36; LIBOR</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">Broker, Lehman Brothers Special Financing</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">Expires March 2018</FONT>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">&#36;</FONT>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">7,300</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">(257,475</FONT>  </TD>
  <TD align=left><FONT size=2 face="sans-serif">)</FONT></TD>
</TR>
<TR>
  <TD colspan=7>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">Pay a fixed rate of 5.135% and receive a floating rate</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">based on 3-month &#36; LIBOR</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">Broker, Barclays London</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">Expires April 2018</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">&#36;</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">5,700</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="sans-serif">39,097</FONT></TD>
  <TD align=right bgcolor="#E6E6E6">&nbsp;</TD>
</TR>
<TR>
  <TD colspan=7>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">Pay a fixed rate of 5.88% and receive a floating rate</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">based on 3-month &#36; LIBOR</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">Broker, Deutsche Bank AG London</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">Expires June 2018</FONT>&nbsp;  </TD>
  <TD align=left>
<FONT size=2 face="sans-serif">&#36;</FONT>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">63,930</FONT>&nbsp;  </TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>
<FONT size=2 face="sans-serif">(4,789,696</FONT>  </TD>
  <TD align=left><FONT size=2 face="sans-serif">)</FONT></TD>
</TR>
<TR>
  <TD colspan=7>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">Receive a fixed rate of 5.411% and pay a floating rate</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">based on 3-month LIBOR</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6">
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">Broker, JPMorgan Chase</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="sans-serif">Expires August 2022</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">&#36;</FONT>&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">9,565</FONT>&nbsp;  </TD>
  <TD align=left bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=left bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">512,906</FONT>  </TD>
  <TD align=right bgcolor="#E6E6E6" style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<B><FONT size=2 face="sans-serif">Total</FONT></B>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=left>&nbsp;  </TD>
  <TD align=right>&nbsp;</TD>
  <TD align=right  style="border-bottom:3px double #000000;">
<FONT size=2 face="sans-serif">&#36;</FONT></TD>
  <TD align=right style="border-bottom:3px double #000000;">
<FONT size=2 face="sans-serif">15,796,295</FONT></TD>
  <TD align=right>&nbsp;</TD>
</TR>
</TABLE></div>
<BR>
<P align="center">
<FONT size=2 face="sans-serif">16</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 2 &#150; Controls and Procedures </FONT></P>




<table border=0 width=100% cellspacing=0 cellpadding=0>
  <tr valign="bottom">
    <td width=4% align=left valign="top" nowrap><font size=2 face="serif">2 (a)&nbsp; &#150;</font></td>
    <td align=left valign="top">&nbsp;</td>
    <td align=left 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 width="4%" nowrap>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr valign="bottom">
    <td width=4% align=left valign="top" nowrap><font size=2 face="serif">2 (b) &#150;</font></td>
    <td align=left valign="top">&nbsp;</td>
    <td align=left 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 valign="bottom">
    <td width="4%" align=left valign="top" nowrap>&nbsp;</td>
    <td align=left valign="top">&nbsp;</td>
    <td align=left valign="top">&nbsp;</td>
  </tr>
  <tr valign="bottom">
    <td width="4%" align=left valign="top" nowrap><FONT size=2 face="serif">Item 3 &#150;</FONT></td>
    <td align=left valign="top">&nbsp;</td>
    <td align=left valign="top"><FONT size=2 face="serif">Exhibits</FONT></td>
  </tr>
  <tr valign="bottom">
    <td width="4%" align=left valign="top" nowrap>&nbsp;</td>
    <td align=left valign="top">&nbsp;</td>
    <td align=left valign="top">&nbsp;</td>
  </tr>
  <tr valign="bottom">
    <td width="4%" align=left valign="top" nowrap>&nbsp;</td>
    <td align=left valign="top">&nbsp;</td>
    <td align=left valign="top"><FONT size=2 face="serif">Certifications &#150; Attached
    hereto </FONT></td>
  </tr>
  <tr valign="bottom">
    <td width="4%" align=left valign="top" nowrap>&nbsp;</td>
    <td align=left valign="top">&nbsp;</td>
    <td align=left valign="top">&nbsp;</td>
  </tr>
  <tr valign="bottom">
    <td width="4%" align=left valign="top" nowrap>&nbsp;</td>
    <td align=left valign="top">&nbsp;</td>
    <td align=left 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>
</table>
<BR>
<TABLE width=100% border=0 cellpadding=0 cellspacing=0>
<TR valign="bottom">
  <TD width="4%" align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD colspan="2" align=left><FONT size=2 face="serif">BlackRock Income Trust, Inc.</FONT></TD>
  </TR>
<TR>
  <TD width="4%">&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD width="3%">&nbsp;</TD>
  <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=4% align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD width=3% align=left nowrap><FONT size=2 face="serif">By:</FONT></TD>
  <TD align=left><DIV style="border-bottom:1px solid #000000;width:170px;"><FONT size=2 face="serif">/s/ Donald C. Burke</FONT></DIV></TD>
</TR>
<TR valign="bottom">
  <TD width=4% align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD align=left><FONT size=2 face="serif">Donald C. Burke</FONT></TD>
</TR>
<TR valign="bottom">
  <TD width=4% align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD align=left><FONT size=2 face="serif">Chief Executive Officer of</FONT></TD>
</TR>
<TR valign="bottom">
  <TD width=4% align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD align=left><FONT size=2 face="serif">BlackRock Income Trust, Inc.</FONT></TD>
</TR>
<TR>
  <TD width="4%">&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD width="3%">&nbsp;</TD>
  <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width="4%" align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD colspan="2" align=left><FONT size=2 face="serif">Date: September 19, 2008</FONT></TD>
  </TR>
<TR valign="bottom">
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD colspan="2" align=left><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 valign="bottom">
  <TD align=left nowrap>&nbsp;</TD>
  <TD align=left nowrap>&nbsp;</TD>
  <TD align=left nowrap>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left width=4% nowrap>&nbsp;</TD>
  <TD align=left nowrap>&nbsp;</TD>
  <TD width=3% align=left nowrap><FONT size=2 face="serif">By:</FONT></TD>
  <TD align=left><DIV style="border-bottom:1px solid #000000;width:170px;"><FONT size=2 face="serif">/s/ Donald C. Burke</FONT></DIV></TD>
</TR>
<TR valign="bottom">
  <TD align=left width=4% nowrap>&nbsp;</TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD align=left><FONT size=2 face="serif">Donald C. Burke</FONT></TD>
</TR>
<TR valign="bottom">
  <TD align=left width=4% nowrap>&nbsp;</TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD align=left><FONT size=2 face="serif">Chief Executive Officer
      (principal executive officer) of</FONT></TD>
</TR>
<TR valign="bottom">
  <TD align=left width=4% nowrap>&nbsp;</TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD align=left><FONT size=2 face="serif">BlackRock Income
      Trust, Inc.</FONT></TD>
</TR>
<TR>
  <TD>&nbsp;</TD>
  <TD>&nbsp;  </TD>
  <TD width="3%">&nbsp;</TD>
  <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD colspan="2" align=left><FONT size=2 face="serif">Date: September 19, 2008</FONT></TD>
  </TR>
<TR>
  <TD>&nbsp;</TD>
  <TD>&nbsp;  </TD>
  <TD width="3%">&nbsp;</TD>
  <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left width=4% nowrap>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD width=3% align=left nowrap><FONT size=2 face="serif">By:</FONT></TD>
  <TD align=left><DIV style="border-bottom:1px solid #000000;width:170px;"><FONT size=2 face="serif">/s/ Neal J. Andrews</FONT></DIV></TD>
</TR>
<TR valign="bottom">
  <TD align=left width=4% nowrap>&nbsp;</TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD align=left><FONT size=2 face="serif">Neal J. Andrews</FONT></TD>
</TR>
<TR valign="bottom">
  <TD align=left width=4% nowrap>&nbsp;</TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD align=left><FONT size=2 face="serif">Chief Financial Officer
      (principal financial officer) of</FONT></TD>
</TR>
<TR valign="bottom">
  <TD align=left width=4% nowrap>&nbsp;</TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD align=left><FONT size=2 face="serif">BlackRock Income
      Trust, Inc.</FONT></TD>
</TR>
<TR>
  <TD>&nbsp;</TD>
  <TD>&nbsp;  </TD>
  <TD width="3%">&nbsp;</TD>
  <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD colspan="2" align=left><FONT size=2 face="serif">Date: September 19, 2008</FONT></TD>
  </TR>
</TABLE>
<br>

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

</BODY>

</HTML>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.CERT
<SEQUENCE>2
<FILENAME>c54723_ex99cert.htm
<TEXT>

<HTML>
<HEAD>
   <TITLE>c54723certs1.htm -- Converted by SEC Publisher, created by BCL Technologies Inc., for SEC Filing</TITLE>
</HEAD>

<BODY bgcolor="#ffffff">



<P align="left"  style="border-bottom:1px solid #000000">
<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>


<P align="left">
<FONT size=2 face="serif">I, Donald C. Burke, Chief Executive Officer (principal executive officer) of BlackRock Income Trust, Inc., certify that: </FONT></P>
<P align="left">
<FONT size=2 face="serif">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I have reviewed this report on Form N-Q of BlackRock Income Trust, Inc.; </FONT></P>
<P align="left">
<FONT size=2 face="serif">2.&nbsp;&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;&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;&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:29px">

<P align="left">
<FONT size=2 face="serif">a)&nbsp;&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;&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;&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;&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;&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:28px">
<P align="left">
<FONT size=2 face="serif">a)&nbsp;&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;&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: September 19, 2008</FONT></P>

<table border="0" cellspacing="0" cellpadding="0">
  <tr>
    <td nowrap><DIV style="border-bottom:1px solid #000000;width:170px;"><FONT size=2 face="serif">/s/ Donald C. Burke</FONT></DIV></td>
  </tr>
  <tr>
    <td nowrap><FONT size=2 face="serif"> Donald C. Burke</FONT></td>
  </tr>
  <tr>
    <td nowrap><FONT size=2 face="serif">Chief Executive Officer (principal executive
    officer) of </FONT></td>
  </tr>
  <tr>
    <td nowrap><FONT size=2 face="serif">BlackRock Income Trust, Inc.</FONT></td>
  </tr>
</table>
<br>

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



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


<P align="left" style="border-bottom:1px solid #000000">
<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>

<P align="left">
<FONT size=2 face="serif">I, Neal J. Andrews, Chief Financial Officer (principal financial officer) of BlackRock Income Trust, Inc., certify that: </FONT></P>
<P align="left">
<FONT size=2 face="serif">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I have reviewed this report on Form N-Q of BlackRock Income Trust, Inc.; </FONT></P>
<P align="left">
<FONT size=2 face="serif">2.&nbsp;&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;&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;&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:28px">
<P align="left">
<font size=2 face="serif">a)&nbsp;&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;</font><font size=2 face="sans-serif"> </font><font size=2 face="serif">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;</font><font size=2 face="sans-serif"> </font><font size=2 face="serif">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;</font><font size=2 face="sans-serif"> </font><font size=2 face="serif">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;&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:28px">
<P align="left">
<FONT size=2 face="serif">a)&nbsp;&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;&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: September 19, 2008</FONT></P>

<table border="0" cellspacing="0" cellpadding="0">
  <tr>
    <td nowrap><DIV style="border-bottom:1px solid #000000;width:170px;"><FONT size=2 face="serif">/s/ Neal J. Andrews</FONT></DIV></td>
  </tr>
  <tr>
    <td nowrap><FONT size=2 face="serif">Neal J. Andrews</FONT></td>
  </tr>
  <tr>
    <td nowrap><FONT size=2 face="serif">Chief Financial Officer (principal financial officer) of</FONT></td>
  </tr>
  <tr>
    <td nowrap><FONT size=2 face="serif">BlackRock Income Trust, Inc.</FONT></td>
  </tr>
</table>
<br>

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

</BODY>

</HTML>

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