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<SEC-DOCUMENT>0000930413-09-000511.txt : 20090128
<SEC-HEADER>0000930413-09-000511.hdr.sgml : 20090128
<ACCEPTANCE-DATETIME>20090128102611
ACCESSION NUMBER:		0000930413-09-000511
CONFORMED SUBMISSION TYPE:	N-Q
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20081130
FILED AS OF DATE:		20090128
DATE AS OF CHANGE:		20090128
EFFECTIVENESS DATE:		20090128

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BLACKROCK 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:		09550041

	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>c56187_nq.htm
<TEXT>

<HTML>
<HEAD>
   <TITLE>c56187_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></P>
<P align=center><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 face=serif size=2>Investment Company Act file number 811-05542 </FONT></P>
<P align=left><FONT face=serif size=2>Name of Fund: BlackRock Income Trust, Inc. (BKT) </FONT></P>
<P align=left><FONT face=serif size=2>Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809 </FONT></P>
<P align=left style="margin-left:21px;text-indent:-21px"><FONT face=serif size=2>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>
<P align=left><FONT face=serif size=2>Registrant&#146;s telephone number, including area code: (800) 882-0052, Option 4 </FONT></P>
<P align=left><FONT face=serif size=2>Date of fiscal year end: 08/31/2008 </FONT></P>
<P align=left><FONT face=serif size=2>Date of reporting period: 09/01/2008 &#150; 11/30/2008 </FONT></P>

<HR align=center width="100%" noShade SIZE=4>


<P STYLE="page-break-before:always"></P><PAGE>


<table width="100%" border=0 cellpadding=0 cellspacing=0>
  <tr>
    <td width="6%"><FONT face=serif size=2>Item 1 &#150;</FONT></td>
    <td><FONT face=serif size=2>Schedule of Investments </FONT></td>
  </tr>
</table><br>

<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
<TR valign="bottom">
  <TD align=left width=60% nowrap>
<B><FONT size=4 face="sans-serif">BlackRock Income Trust, Inc.</FONT></B>  </TD>
  <TD align=right width=40% nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left width=60% nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Schedule of Investments November 30, 2008 (Unaudited)</FONT></B>  </TD>
  <TD align=right width=40% nowrap 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>
<BR>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap><font size="2">&nbsp;</font> </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD align=right width=10% nowrap>
<B><FONT size=2 face="sans-serif">Par</FONT></B>&nbsp;</TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=60% align=left nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Asset-Backed Securities</FONT></B>  </TD>
  <TD width=1% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right width=10% nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">(000)</FONT></B>  </TD>
  <TD width=2% style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Value</FONT></B>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Chase Issuance Trust Series 2007-A11 Class A11, 1.423%,</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD align=left width=10% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">7/16/12 (a)</FONT>  </TD>
  <TD width=1% align=right nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">3,500</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=right width=2% nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">3,180,076</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">First Franklin Mortgage Loan Asset Backed Certificates Series</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD align=left width=10% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">2005-FF2 Class M2, 1.423%, 3/25/35 (a)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">5,890</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">1,767,000</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">GSAA Home Equity Trust Series 2005-1 Class AF2, 4.316%,</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">3,474</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">3,120,195</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">11/25/34 (a)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD align=left width=10% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Securitized Asset Backed Receivables LLC Trust Series 2005-OP2</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD align=left width=10% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Class M1, 1.825%, 10/25/35 (a)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">1,875</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">1,089,277</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Small Business Administration Participation Certificates Series</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD align=left width=10% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">1996-20E Class 1, 7.60%, 5/01/16</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">433</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">448,740</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Small Business Administration Participation Certificates Series</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD align=left width=10% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">1996-20F Class 1, 7.55%, 6/01/16</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">554</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">573,421</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Small Business Administration Participation Certificates Series</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD align=left width=10% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">1996-20G Class 1, 7.70%, 7/01/16</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">401</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">416,680</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Small Business Administration Participation Certificates Series</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD align=left width=10% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">1996-20H Class 1, 7.25%, 8/01/16</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">651</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">673,230</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Small Business Administration Participation Certificates Series</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD align=left width=10% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">1996-20K Class 1, 6.95%, 11/01/16</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">1,013</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">1,045,118</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Small Business Administration Participation Certificates Series</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD align=left width=10% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">1997-20C Class 1, 7.15%, 3/01/17</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">449</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">465,046</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Sterling Bank Trust Series 2004-2 Class Note,</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD align=left width=10% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">2.081%, 3/30/30 (b)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">7,644</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">444,309</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=60% align=left nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">Sterling Coofs Trust Series 1, 2.362%, 4/15/29 (b)</FONT>  </TD>
  <TD width=1% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right width=10% nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">11,679</FONT>  </TD>
  <TD width=2% style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">784,699</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=60% align=left nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Total Asset-Backed Securities - 3.5%</FONT></B>  </TD>
  <TD width=1% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left width=10% nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=2% style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">14,007,791</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Industry</FONT></B>  </TD>
  <TD width=60% align=left nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Corporate Bonds</FONT></B>  </TD>
  <TD width=1% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left width=10% nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=2% style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=10% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>
<B><FONT size=2 face="sans-serif">Diversified Financial</FONT></B>  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Structured Asset Repackaged Trust, 4.919%, 1/21/10</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">1,431</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">972,941</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Services - 0.2%</FONT></B>  </TD>
  <TD width=60% align=left nowrap style="border-bottom:1px solid #000000;"><font size="2">&nbsp;</font> </TD>
  <TD width=1% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left width=10% nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=2% style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=10% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=60% align=left nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Total Corporate Bonds - 0.2%</FONT></B>  </TD>
  <TD width=1% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left width=10% nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=2% style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">972,941</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=60% align=left nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">U.S. Government Agency Mortgage-Backed Securities</FONT></B>  </TD>
  <TD width=1% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left width=10% nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=2% style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=10% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Fannie Mae Guaranteed Pass-Through Certificates:</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD align=left width=10% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif" style="margin-left:20px">5.00%, 6/01/33 - 12/15/38 (c)(d)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">110,176</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">110,959,984</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif" style="margin-left:20px">5.50%, 6/01/21 - 12/15/38 (c)(d)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">148,231</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">150,632,150</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif" style="margin-left:20px">5.97%, 8/01/16</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">3,125</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">3,284,264</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif" style="margin-left:20px">6.00%, 10/01/36 - 12/15/38 (c)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">20,715</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">21,189,085</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif" style="margin-left:20px">6.50%, 7/01/36 - 12/15/38 (d)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">99,910</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">102,711,636</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif" style="margin-left:20px">7.50%, 2/01/22</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">-(e)</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">188</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif" style="margin-left:20px">8.00%, 10/01/09 - 5/01/22</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">9</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">9,285</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif" style="margin-left:20px">9.50%, 1/01/19 - 9/01/19</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">4</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">3,938</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Freddie Mac Mortgage Participation Certificates:</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD align=left width=10% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif" style="margin-left:20px">4.51%, 11/01/17 (a)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">24</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">24,653</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif" style="margin-left:20px">4.991%, 10/01/34 (a)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">644</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">640,561</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif" style="margin-left:20px">5.00%, 12/1/1934</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">5,101</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">5,143,501</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif" style="margin-left:20px">5.50%, 12/01/21 - 3/01/22 (c)(f)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">7,232</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">7,349,432</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif" style="margin-left:20px">5.983%, 1/01/35 (a)(f)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">218</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">216,425</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif" style="margin-left:20px">6.00%, 12/15/38 (d)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">6,700</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">6,844,465</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif" style="margin-left:20px">6.50%, 12/15/38 (d)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">100</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">102,875</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif" style="margin-left:20px">8.00%, 11/01/15</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">2</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">2,189</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=60% align=left nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif" style="margin-left:20px">9.00%, 9/01/20 (c)(f)</FONT>  </TD>
  <TD width=1% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right width=10% nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">101</FONT>  </TD>
  <TD width=2% style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">109,986</FONT>  </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 ALIGN="left" style="page-break-before:always"></P><PAGE>


<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
<TR valign="bottom">
  <TD align=left width=60% nowrap>
<B><FONT size=4 face="sans-serif">BlackRock Income Trust, Inc.</FONT></B>  </TD>
  <TD align=right width=40% nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left width=60% nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Schedule of Investments November 30, 2008 (Unaudited)</FONT></B>  </TD>
  <TD align=right width=40% nowrap 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>
<br>
<TABLE width=100% border=0 cellpadding=0 cellspacing=0>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>&nbsp;  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<B><FONT size=2 face="sans-serif">Par</FONT></B>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD width=60% align=left nowrap style="border-bottom:1px solid #000000;"><B><FONT size=2 face="sans-serif">U.S. Government Agency Mortgage-Backed Securities</FONT></B>  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;"><B><FONT size=2 face="sans-serif">(000)</FONT></B> </TD>
  <TD width=2% align=left nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">&nbsp;</FONT></B>  </TD>
  <TD width=2% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Value</FONT></B>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap><FONT size=2 face="sans-serif">Ginnie Mae MBS Certificates:</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap><FONT size=2 face="sans-serif" style="margin-left:20px">6.50%, 12/15/38 (d)</FONT>  </TD>
  <TD width=1% align=right nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">10,800</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=right nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">11,066,630</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap><FONT size=2 face="sans-serif" style="margin-left:20px">7.00%, 10/15/17</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">32</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">33,072</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap><FONT size=2 face="sans-serif" style="margin-left:20px">7.50%, 8/15/21 - 12/15/23</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">354</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">375,452</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap><FONT size=2 face="sans-serif" style="margin-left:20px">8.00%, 10/15/22 - 2/15/29</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">156</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">166,991</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD width=60% align=left nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="sans-serif" style="margin-left:20px">9.00%, 6/15/18 - 9/15/21</FONT>  </TD>
  <TD width=1% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">12</FONT>  </TD>
  <TD width=2% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=2% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">13,577</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap><B><FONT size=2 face="sans-serif">Total U.S. Government Agency Mortgage-Backed</FONT></B>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD width=60% align=left nowrap style="border-bottom:1px solid #000000;"><B><FONT size=2 face="sans-serif">Securities - 101.5%</FONT></B>  </TD>
  <TD width=1% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=10% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=2% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=2% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">420,880,339</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap><B><FONT size=2 face="sans-serif">U.S. Government Agency Mortgage-Backed Securities -</FONT></B>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD width=60% align=left nowrap style="border-bottom:1px solid #000000;"><B><FONT size=2 face="sans-serif">Collateralized Mortgage Obligations</FONT></B>  </TD>
  <TD width=1% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=10% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=2% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=2% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=10% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap><FONT size=2 face="sans-serif">Fannie Mae Trust Series 7 Class 2, 8.50%, 4/01/17 (b)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">8</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">1,514</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap><FONT size=2 face="sans-serif">Fannie Mae Trust Series 89 Class 2, 8%, 10/01/18 (b)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">17</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">2,912</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap><FONT size=2 face="sans-serif">Fannie Mae Trust Series 94 Class 2, 9.50%, 8/01/21 (b)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">5</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">1,150</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap><FONT size=2 face="sans-serif">Fannie Mae Trust Series 203 Class 1, 0%, 2/01/23 (g)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">34</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">29,274</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap><FONT size=2 face="sans-serif">Fannie Mae Trust Series 228 Class 1, 0%, 6/01/23 (g)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">24</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">22,246</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap><FONT size=2 face="sans-serif">Fannie Mae Trust Series 273 Class 1, 0%, 8/01/26 (g)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">191</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">166,353</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap><FONT size=2 face="sans-serif">Fannie Mae Trust Series 328 Class 1, 0%, 12/01/32 (g)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">3,814</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">3,264,458</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap><FONT size=2 face="sans-serif">Fannie Mae Trust Series 338 Class 1, 0%, 7/01/33 (g)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">3,194</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">2,735,514</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap><FONT size=2 face="sans-serif">Fannie Mae Trust Series 1990-123 Class M, 1.01%, 10/25/20 (b)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">35</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">886</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap><FONT size=2 face="sans-serif">Fannie Mae Trust Series 1990-136 Class S, 0.015%, 11/25/20 (b)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">22,063</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">28,875</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap><FONT size=2 face="sans-serif">Fannie Mae Trust Series 1991-7 Class J, 0%, 2/25/21 (g)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">35</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">30,043</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap><FONT size=2 face="sans-serif">Fannie Mae Trust Series 1991-38 Class F, 8.325%, 4/25/21 (a)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">34</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">34,278</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap><FONT size=2 face="sans-serif">Fannie Mae Trust Series 1991-38 Class N, 1.009%, 4/25/21 (b)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">26</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">214</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap><FONT size=2 face="sans-serif">Fannie Mae Trust Series 1991-38 Class SA, 10.186%, 4/25/21 (a)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">34</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">34,234</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap><FONT size=2 face="sans-serif">Fannie Mae Trust Series 1991-46 Class S,</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap><FONT size=2 face="sans-serif">1.403%, 5/25/21 (b)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">161</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">9,145</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap><FONT size=2 face="sans-serif">Fannie Mae Trust Series 1991-87 Class S, 25.44%, 8/25/21 (a)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">92</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">121,527</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap><FONT size=2 face="sans-serif">Fannie Mae Trust Series 1991-99 Class L, 0.93%, 8/25/21 (b)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">196</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">4,484</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap><FONT size=2 face="sans-serif">Fannie Mae Trust Series 1991-139 Class PT,</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap><FONT size=2 face="sans-serif">0.648%, 10/25/21 (b)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">358</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">6,354</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap><FONT size=2 face="sans-serif">Fannie Mae Trust Series 1991-167 Class D, 0%, 10/25/17 (g)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">23</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">22,999</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap><FONT size=2 face="sans-serif">Fannie Mae Trust Series 1993-51 Class E, 0%, 2/25/23 (g)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">114</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">96,212</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap><FONT size=2 face="sans-serif">Fannie Mae Trust Series 1993-70 Class A, 0%, 5/25/23 (g)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">20</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">17,193</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap><FONT size=2 face="sans-serif">Fannie Mae Trust Series 1993-199 Class SB,</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap><FONT size=2 face="sans-serif">2.625%, 10/25/23 (b)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">1,831</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">207,412</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap><FONT size=2 face="sans-serif">Fannie Mae Trust Series 1993-214 Class SH,</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap><FONT size=2 face="sans-serif">14.638%, 12/25/08 (a)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">2</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">1,713</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap><FONT size=2 face="sans-serif">Fannie Mae Trust Series 1993-247 Class SN, 10%, 12/25/23 (a)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">739</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">793,816</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap><FONT size=2 face="sans-serif">Fannie Mae Trust Series 1993-249 Class B, 0%, 11/25/23 (g)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">1,663</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">1,579,928</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap><FONT size=2 face="sans-serif">Fannie Mae Trust Series 1994-33 Class SG,</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap><FONT size=2 face="sans-serif">3.225%, 3/25/09 (b)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">80</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">855</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap><FONT size=2 face="sans-serif">Fannie Mae Trust Series 1996-68 Class SC,</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap><FONT size=2 face="sans-serif">2.257%, 1/25/24 (b)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">1,401</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">103,178</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap><FONT size=2 face="sans-serif">Fannie Mae Trust Series 1997-50 Class SI, 1.20%, 4/25/23 (a)(b)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">562</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">21,116</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap><FONT size=2 face="sans-serif">Fannie Mae Trust Series 1997-90 Class M, 6%, 1/25/28 (b)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">11,184</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">1,989,704</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD width=60% align=left nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="sans-serif">Fannie Mae Trust Series 1999-W4 Class IO, 6.50%, 12/25/28 (b)</FONT>  </TD>
  <TD width=1% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">534</FONT>  </TD>
  <TD width=2% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=2% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">68,354</FONT>  </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 ALIGN="left" style="page-break-before:always"></P><PAGE>


<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
<TR valign="bottom">
  <TD align=left width=60% nowrap>
<B><FONT size=4 face="sans-serif">BlackRock Income Trust, Inc.</FONT></B>  </TD>
  <TD align=right width=40% nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left width=60% nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Schedule of Investments November 30, 2008 (Unaudited)</FONT></B>  </TD>
  <TD align=right width=40% nowrap 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><br>
<TABLE width=100% border=0 cellpadding=0 cellspacing=0>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap><B><FONT size=2 face="sans-serif">U.S. Government Agency Mortgage-Backed Securities -</FONT></B>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<B><FONT size=2 face="sans-serif">Par</FONT></B>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD width=60% align=left nowrap style="border-bottom:1px solid #000000;"><B><FONT size=2 face="sans-serif">Collateralized Mortgage Obligations</FONT></B>  </TD>
  <TD align=right nowrap colspan=2 style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">(000)</FONT></B>  </TD>
  <TD width=2% align=left nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">&nbsp;</FONT></B>  </TD>
  <TD width=2% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Value</FONT></B>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap><FONT size=2 face="sans-serif">Fannie Mae Trust Series 1999-W4 Class PO, 0%, 2/25/29 (g)</FONT>  </TD>
  <TD width=1% align=right nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">285</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=right nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">231,605</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap><FONT size=2 face="sans-serif">Fannie Mae Trust Series 2002-13 Class PR, 0%, 3/25/32 (g)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">749</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">666,175</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap><FONT size=2 face="sans-serif">Fannie Mae Trust Series 2003-9 Class BI, 5.50%, 10/25/22 (b)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">3,114</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">228,378</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap><FONT size=2 face="sans-serif">Fannie Mae Trust Series 2003-32 Class VT, 6%, 9/25/15</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">6,338</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">6,483,442</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap><FONT size=2 face="sans-serif">Fannie Mae Trust Series 2003-51 Class IE, 5.50%, 4/25/26 (b)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">142</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">56</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap><FONT size=2 face="sans-serif">Fannie Mae Trust Series 2003-55 Class GI, 5%, 7/25/19 (b)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">3,763</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">198,952</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap><FONT size=2 face="sans-serif">Fannie Mae Trust Series 2003-66 Class CI, 5%, 7/25/33 (b)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">5,084</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">745,162</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap><FONT size=2 face="sans-serif">Fannie Mae Trust Series 2003-88 Class TI, 4.50%, 11/25/13 (b)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">1,222</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">12,259</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap><FONT size=2 face="sans-serif">Fannie Mae Trust Series 2003-122 Class IC, 5%, 9/25/18 (b)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">3,741</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">130,889</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap><FONT size=2 face="sans-serif">Fannie Mae Trust Series 2003-135 Class PB, 6%, 1/25/34</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">12,264</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">12,588,135</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap><FONT size=2 face="sans-serif">Fannie Mae Trust Series 2004-13 Class IG, 5%, 10/25/22 (b)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">1,373</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">15,098</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap><FONT size=2 face="sans-serif">Fannie Mae Trust Series 2004-28 Class PB, 6%, 8/25/28</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">2,493</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">2,509,442</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap><FONT size=2 face="sans-serif">Fannie Mae Trust Series 2004-29 Class HC, 7.50%, 7/25/30</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">1,850</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">1,925,588</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap><FONT size=2 face="sans-serif">Fannie Mae Trust Series 2004-31 Class ZG, 7.50%, 5/25/34</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">2,582</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">2,845,693</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap><FONT size=2 face="sans-serif">Fannie Mae Trust Series 2004-90 Class JH,</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap><FONT size=2 face="sans-serif">1.828%, 11/25/34 (b)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">24,745</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">1,395,692</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap><FONT size=2 face="sans-serif">Fannie Mae Trust Series 2005-43 Class IC, 6%, 3/25/34 (b)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">704</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">163,733</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap><FONT size=2 face="sans-serif">Fannie Mae Trust Series 2005-55 Class SB, 1.278%, 7/25/35 (b)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">10,721</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">565,690</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap><FONT size=2 face="sans-serif">Fannie Mae Trust Series 2005-68 Class PC, 5.50%, 7/25/35</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">2,166</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">2,234,502</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap><FONT size=2 face="sans-serif">Fannie Mae Trust Series 2005-73 Class DS, 16.325%, 8/25/35 (a)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">4,955</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">5,199,317</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap><FONT size=2 face="sans-serif">Fannie Mae Trust Series 2005-73 Class ST,</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap><FONT size=2 face="sans-serif">1.258%, 8/25/35 (b)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">11,358</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">608,458</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap><FONT size=2 face="sans-serif">Fannie Mae Trust Series 2006-2 Class KP, 0%, 2/25/35 (a)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">1,221</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">1,065,046</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap><FONT size=2 face="sans-serif">Fannie Mae Trust Series 2006-8 Class WL, 3.874%, 3/25/36 (a)(b)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">5,552</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">189,151</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap><FONT size=2 face="sans-serif">Fannie Mae Trust Series 2006-36 Class SP, 1.828%, 5/25/36 (b)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">41,693</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">2,756,128</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap><FONT size=2 face="sans-serif">Fannie Mae Trust Series 2006-38 Class Z, 5%, 5/25/36</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">905</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">879,968</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap><FONT size=2 face="sans-serif">Fannie Mae Trust Series 2006-101 Class SA,</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap><FONT size=2 face="sans-serif">3.204%, 10/25/36 (b)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">31,325</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">2,405,266</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap><FONT size=2 face="sans-serif">Fannie Mae Trust Series 3006-8 Class HN, 4.858%, 3/25/36 (a)(b)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">3,792</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">357,616</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap><FONT size=2 face="sans-serif">Fannie Mae Trust Series G-7 Class S, 116.20%, 3/25/21 (a)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">- (e)</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">6,477</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap><FONT size=2 face="sans-serif">Fannie Mae Trust Series G-10 Class S, 0.575%, 5/25/21 (b)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">833</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">19,251</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap><FONT size=2 face="sans-serif">Fannie Mae Trust Series G-12 Class S, 0.608%, 5/25/21 (b)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">663</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">13,473</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap><FONT size=2 face="sans-serif">Fannie Mae Trust Series G-17 Class S, 0.58%, 6/25/21 (b)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">429</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">9,126</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap><FONT size=2 face="sans-serif">Fannie Mae Trust Series G-33 Class PV, 1.078%, 10/25/21 (b)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">557</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">13,361</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap><FONT size=2 face="sans-serif">Fannie Mae Trust Series G-49 Class S, 885.30%, 12/25/21 (a)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">- (e)</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">3,449</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap><FONT size=2 face="sans-serif">Fannie Mae Trust Series G-50 Class G, 1.159%, 12/25/21 (b)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">317</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">4,150</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap><FONT size=2 face="sans-serif">Fannie Mae Trust Series G92-5 Class H, 9%, 1/25/22 (b)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">161</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">31,742</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap><FONT size=2 face="sans-serif">Fannie Mae Trust Series G92-12 Class C, 1.017%, 2/25/22 (b)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">426</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">10,157</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap><FONT size=2 face="sans-serif">Fannie Mae Trust Series G92-59 Class S, 5.023%, 10/25/22 (a)(b)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">3,085</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">681,336</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap><FONT size=2 face="sans-serif">Fannie Mae Trust Series G92-60 Class SB, 1.60%, 10/25/22 (a)(b)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">463</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">14,631</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap><FONT size=2 face="sans-serif">Fannie Mae Trust Series G93-2 Class KB, 0%, 1/25/23 (g)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">253</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">205,624</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap><FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series 19 Class F, 8.50%,</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap><FONT size=2 face="sans-serif">3/15/20</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">150</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">158,499</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap><FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series 19 Class R, 9.757%,</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD width=60% align=left nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="sans-serif">3/15/20 (b)(h)</FONT>  </TD>
  <TD width=1% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">14</FONT>  </TD>
  <TD width=2% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=2% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">2,379</FONT>  </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 ALIGN="left" style="page-break-before:always"></P><PAGE>


<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
<TR valign="bottom">
  <TD align=left width=60% nowrap>
<B><FONT size=4 face="sans-serif">BlackRock Income Trust, Inc.</FONT></B>  </TD>
  <TD align=right width=40% nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left width=60% nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Schedule of Investments November 30, 2008 (Unaudited)</FONT></B>  </TD>
  <TD align=right width=40% nowrap 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><br>
<TABLE width=100% border=0 cellpadding=0 cellspacing=0>
<TR valign="bottom">
  <TD width=15% align=right nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<B><FONT size=2 face="sans-serif">U.S. Government Agency Mortgage-Backed Securities
- -</FONT></B>  </TD>
  <TD width=1% align=right nowrap>&nbsp;</TD>
  <TD width=10% align=right nowrap><B><FONT size=2 face="sans-serif">Par</FONT></B>&nbsp; </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD width=60% align=left nowrap style="border-bottom:1px solid #000000;"><B><FONT size=2 face="sans-serif">Collateralized Mortgage Obligations</FONT></B>  </TD>
  <TD width=1% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">(000)</FONT></B>  </TD>
  <TD width=2% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD width=2% align=left nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">&nbsp;</FONT></B>  </TD>
  <TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Value</FONT></B>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=right nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series 40 Class K, 6.50%,</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;</TD>
  <TD width=10% align=right nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=right nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">8/17/24</FONT>  </TD>
  <TD width=1% align=right nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">613</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">635,295</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=right nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series 60 Class HS, 1.125%,</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;</TD>
  <TD width=10% align=right nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=right nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">4/25/24
(a)(b)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">33</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">108</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=right nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series 75 Class R, 9.50%,</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;</TD>
  <TD width=10% align=right nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=right nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">1/15/21 (h)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">- (e)</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">4</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=right nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series 75 Class RS, 19.015%,</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;</TD>
  <TD width=10% align=right nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=right nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">1/15/21 (a)(h) </FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">- (e)</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">4</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=right nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series 173 Class R, 0%,</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;</TD>
  <TD width=10% align=right nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">11/15/21 (h)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">20</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">20</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap>&nbsp;</TD>
  <TD align=left nowrap><FONT size=2 face="sans-serif">Freddie Mac Multiclass
    Certificates Series 173 Class RS, 9.168%,</FONT> </TD>
  <TD align=left nowrap>&nbsp;</TD>
  <TD align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">11/15/21 (b)(h)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">- (e)</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">20</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=left nowrap>&nbsp;</TD>
  <TD align=left nowrap><FONT size=2 face="sans-serif">Freddie Mac Multiclass
    Certificates Series 176 Class M, 1.01%,</FONT> </TD>
  <TD align=left nowrap>&nbsp;</TD>
  <TD align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">7/15/21 (b)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">43</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">1,117</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series 192 Class U, 1.009%,</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;</TD>
  <TD width=10% align=right nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">2/15/22 (b)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">5</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">126</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series 200 Class R, 98.523%,</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;</TD>
  <TD width=10% align=right nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">12/15/22 (b)(h)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">2</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">23</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series 204 Class IO, 6%,</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;</TD>
  <TD width=10% align=right nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">5/01/29 (b)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">1,451</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">267,772</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series 1043 Class H, 0.022%,</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;</TD>
  <TD width=10% align=right nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">2/15/21 (b)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">11,481</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">19,179</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series 1054 Class I, 0.435%,</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;</TD>
  <TD width=10% align=right nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">3/15/21 (b)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">118</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">2,248</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series 1056 Class KD,</FONT>  </TD>
  <TD width=1% align=left nowrap>&nbsp;</TD>
  <TD width=10% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">1.085%, 3/15/21 (b)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">102</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">2,723</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series 1057 Class J, 1.008%,</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;</TD>
  <TD width=10% align=right nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">3/15/21 (b)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">125</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">3,263</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series 1148 Class E, 0.593%,</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;</TD>
  <TD width=10% align=right nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">10/15/21 (b)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">316</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">6,793</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series 1160 Class F, 34.85%,</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;</TD>
  <TD width=10% align=right nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">10/15/21 (a)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">29</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">43,196</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series 1179 Class O, 1.009%,</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;</TD>
  <TD width=10% align=right nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">11/15/21 (b)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">44</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">273</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series 1418 Class M, 0%,</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;</TD>
  <TD width=10% align=right nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">11/15/22 (g)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">128</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">109,567</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series 1571 Class G, 0%,</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;</TD>
  <TD width=10% align=right nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">8/15/23 (g)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">577</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">455,084</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series 1691 Class B, 0%,</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;</TD>
  <TD width=10% align=right nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">3/15/24 (g)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">1,704</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">1,376,750</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series 1706 Class IA, 7%,</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;</TD>
  <TD width=10% align=right nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">10/15/23 (b)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">53</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">1,132</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series 1720 Class PK, 7.50%,</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;</TD>
  <TD width=10% align=right nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">1/15/24 (b)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">31</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">1,195</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series 1739 Class B, 0%,</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;</TD>
  <TD width=10% align=right nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">2/15/24 (g)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">137</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">136,994</FONT>  </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 ALIGN="left" style="page-break-before:always"></P><PAGE>


<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
<TR valign="bottom">
  <TD align=left width=60% nowrap>
<B><FONT size=4 face="sans-serif">BlackRock Income Trust, Inc.</FONT></B>  </TD>
  <TD align=right width=40% nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left width=60% nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Schedule of Investments November 30, 2008 (Unaudited)</FONT></B>  </TD>
  <TD align=right width=40% nowrap 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><br>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap><B><FONT size=2 face="sans-serif">U.S. Government
    Agency Mortgage-Backed Securities -</FONT></B></TD>
  <TD width=1% align="right">&nbsp;  </TD>
  <TD align=right width=10% nowrap>
<B><FONT size=2 face="sans-serif">Par</FONT></B>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD width=60% align=left nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Collateralized Mortgage Obligations</FONT></B>  </TD>
  <TD align=right nowrap colspan=2 style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">(000)</FONT></B>  </TD>
  <TD align=left width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=right width=2% nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">&nbsp;</FONT></B>  </TD>
  <TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Value</FONT></B>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series 1914 Class PC, 0.75%,</FONT>  </TD>
  <TD width=1% align="right">&nbsp;  </TD>
  <TD align=left width=10% nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">12/15/11 (b)</FONT>  </TD>
  <TD width=1% align="right"><FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">1,637</FONT>  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=right width=2% nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">12,273</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series 1961 Class H, 6.50%,</FONT>  </TD>
  <TD width=1% align="right">&nbsp;  </TD>
  <TD align=left width=10% nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">5/15/12</FONT>  </TD>
  <TD width=1% align="right">&nbsp;  </TD>
  <TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">179</FONT>  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">179,879</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series 2218 Class Z, 8.50%,</FONT>  </TD>
  <TD width=1% align="right">&nbsp;  </TD>
  <TD align=left width=10% nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">3/15/30</FONT>  </TD>
  <TD width=1% align="right">&nbsp;  </TD>
  <TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">8,421</FONT>  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">9,034,887</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series 2296 Class SA, 2.139%,</FONT>  </TD>
  <TD width=1% align="right">&nbsp;  </TD>
  <TD align=left width=10% nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">3/15/16 (b)</FONT>  </TD>
  <TD width=1% align="right">&nbsp;  </TD>
  <TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">471</FONT>  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">39,390</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series 2431 Class Z, 6.50%,</FONT>  </TD>
  <TD width=1% align="right">&nbsp;  </TD>
  <TD align=left width=10% nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">6/15/32</FONT>  </TD>
  <TD width=1% align="right">&nbsp;  </TD>
  <TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">11,005</FONT>  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">11,404,130</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series 2444 Class ST, 2.359%,</FONT>  </TD>
  <TD width=1% align="right">&nbsp;  </TD>
  <TD align=left width=10% nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">9/15/29 (b)</FONT>  </TD>
  <TD width=1% align="right">&nbsp;  </TD>
  <TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">199</FONT>  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">5,660</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series 2542 Class MX, 5.50%,</FONT>  </TD>
  <TD width=1% align="right">&nbsp;  </TD>
  <TD align=left width=10% nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">5/15/22 (b)</FONT>  </TD>
  <TD width=1% align="right">&nbsp;  </TD>
  <TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">1,136</FONT>  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">77,223</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series 2542 Class UC, 6%,</FONT>  </TD>
  <TD width=1% align="right">&nbsp;  </TD>
  <TD align=left width=10% nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">12/15/22</FONT>  </TD>
  <TD width=1% align="right">&nbsp;  </TD>
  <TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">10,200</FONT>  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">10,798,884</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series 2545 Class NI, 5.50%,</FONT>  </TD>
  <TD width=1% align="right">&nbsp;  </TD>
  <TD align=left width=10% nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">3/15/22 (b)</FONT>  </TD>
  <TD width=1% align="right">&nbsp;  </TD>
  <TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">1,890</FONT>  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">95,454</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series 2559 Class IO, 5%,</FONT>  </TD>
  <TD width=1% align="right">&nbsp;  </TD>
  <TD align=left width=10% nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">8/15/30 (b)</FONT>  </TD>
  <TD width=1% align="right">&nbsp;  </TD>
  <TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">399</FONT>  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">4,873</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series 2561 Class EW, 5%,</FONT>  </TD>
  <TD width=1% align="right">&nbsp;  </TD>
  <TD align=left width=10% nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">9/15/16 (b)</FONT>  </TD>
  <TD width=1% align="right">&nbsp;  </TD>
  <TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">2,818</FONT>  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">95,429</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series 2564 Class NC, 5%,</FONT>  </TD>
  <TD width=1% align="right">&nbsp;  </TD>
  <TD align=left width=10% nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">2/15/33</FONT>  </TD>
  <TD width=1% align="right">&nbsp;  </TD>
  <TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">928</FONT>  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">853,585</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series 2611 Class QI, 5.50%,</FONT>  </TD>
  <TD width=1% align="right">&nbsp;  </TD>
  <TD align=left width=10% nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">9/15/32 (b)</FONT>  </TD>
  <TD width=1% align="right">&nbsp;  </TD>
  <TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">9,024</FONT>  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">1,197,204</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series 2630 Class PI, 5%,</FONT>  </TD>
  <TD width=1% align="right">&nbsp;  </TD>
  <TD align=left width=10% nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">8/15/28 (b)</FONT>  </TD>
  <TD width=1% align="right">&nbsp;  </TD>
  <TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">3,899</FONT>  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">193,043</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series 2647 Class IV, 1.959%,</FONT>  </TD>
  <TD width=1% align="right">&nbsp;  </TD>
  <TD align=left width=10% nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">7/15/33 (b)</FONT>  </TD>
  <TD width=1% align="right">&nbsp;  </TD>
  <TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">16,307</FONT>  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">2,275,092</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series 2653 Class MI, 5%,</FONT>  </TD>
  <TD width=1% align="right">&nbsp;  </TD>
  <TD align=left width=10% nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">4/15/26 (b)</FONT>  </TD>
  <TD width=1% align="right">&nbsp;  </TD>
  <TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">2,513</FONT>  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">111,982</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series 2658 Class PI, 4.50%,</FONT>  </TD>
  <TD width=1% align="right">&nbsp;  </TD>
  <TD align=left width=10% nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">6/15/13 (b)</FONT>  </TD>
  <TD width=1% align="right">&nbsp;  </TD>
  <TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">289</FONT>  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">516</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series 2672 Class TQ, 5%,</FONT>  </TD>
  <TD width=1% align="right">&nbsp;  </TD>
  <TD align=left width=10% nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">3/15/23 (b)</FONT>  </TD>
  <TD width=1% align="right">&nbsp;  </TD>
  <TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">866</FONT>  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">8,067</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series 2687 Class IL, 5%,</FONT>  </TD>
  <TD width=1% align="right">&nbsp;  </TD>
  <TD align=left width=10% nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">9/15/18 (b)</FONT>  </TD>
  <TD width=1% align="right">&nbsp;  </TD>
  <TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">3,633</FONT>  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">135,075</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series 2693 Class IB, 4.50%,</FONT>  </TD>
  <TD width=1% align="right">&nbsp;  </TD>
  <TD align=left width=10% nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">6/15/13 (b)</FONT>  </TD>
  <TD width=1% align="right">&nbsp;  </TD>
  <TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">126</FONT>  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">45</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series 2694 Class LI, 4.50%,</FONT>  </TD>
  <TD width=1% align="right">&nbsp;  </TD>
  <TD align=left width=10% nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">7/15/19 (b)</FONT>  </TD>
  <TD width=1% align="right">&nbsp;  </TD>
  <TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">1,801</FONT>  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">66,906</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series 2758 Class KV, 5.50%,</FONT>  </TD>
  <TD width=1% align="right">&nbsp;  </TD>
  <TD align=left width=10% nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD width=60% align=left nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">5/15/23</FONT>  </TD>
  <TD width=1% align="right" style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right width=10% nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">10,936</FONT>  </TD>
  <TD align=left width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=right width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">11,375,997</FONT>  </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 ALIGN="left" style="page-break-before:always"></P><PAGE>


<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
<TR valign="bottom">
  <TD align=left width=60% nowrap>
<B><FONT size=4 face="sans-serif">BlackRock Income Trust, Inc.</FONT></B>  </TD>
  <TD align=right width=40% nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left width=60% nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Schedule of Investments November 30, 2008 (Unaudited)</FONT></B>  </TD>
  <TD align=right width=40% nowrap 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><br>
<TABLE width=100% border=0 cellpadding=0 cellspacing=0>
<TR valign="bottom">
  <TD width=15% align=right nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<B><FONT size=2 face="sans-serif">U.S. Government Agency Mortgage-Backed Securities -</FONT></B>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<B><FONT size=2 face="sans-serif">Par</FONT></B>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD width=60% align=left nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Collateralized Mortgage Obligations</FONT></B>  </TD>
  <TD align=right nowrap colspan=2 style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">(000)</FONT></B>  </TD>
  <TD width=2% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD width=2% align=left nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">&nbsp;</FONT></B>  </TD>
  <TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Value</FONT></B>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=right nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series 2765 Class UA, 4%,</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=right nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">3/15/11</FONT>  </TD>
  <TD width=1% align=right nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">1,566</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">1,562,425</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=right nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series 2769 Class SQ,</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=right nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">10.871%, 2/15/34 (a)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">4,359</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">3,733,796</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=right nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series 2773 Class OX, 5%,</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=right nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">2/15/18 (b)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">3,488</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">203,936</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=right nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series 2780 Class SM,</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=right nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">1.348%, 4/15/34 (b)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">15,507</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">438,973</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=right nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series 2825 Class NI, 5.50%,</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=right nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">3/15/30 (b)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">6,727</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">771,161</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=right nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series 2827 Class SR, 1.348%,</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=right nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">1/15/22 (b)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">10,068</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">323,137</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=right nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series 2840 Class SK,</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=right nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">15.785%, 8/15/34 (a)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">1,760</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">1,398,047</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=right nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series 2861 Class AX, 9.008%,</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=right nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">9/15/34 (a)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">532</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">555,478</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=right nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series 2865 Class SR, 1.908%,</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=right nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">10/15/33 (b)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">17,570</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">2,261,693</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=right nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series 2865 Class SV, 2.753%,</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=right nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">10/15/33 (b)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">11,899</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">2,239,439</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=right nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series 2927 Class BZ, 5.50%,</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=right nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">2/15/35</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">2,549</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">2,521,271</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=right nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series 2933 Class SL, 2.914%,</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=right nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">2/15/35 (b)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">1,700</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">86,090</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=right nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series 2949 Class IO, 5.50%,</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=right nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">3/15/35 (b)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">1,491</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">111,633</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=right nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series 2990 Class WR,</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=right nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">1.929%, 6/15/35 (b)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">28,830</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">3,009,285</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=right nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series 3010 Class SC,</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=right nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">13.763%, 3/15/34 (a)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">900</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">916,038</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=right nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series 3061 Class BD, 7.50%,</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=right nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">11/15/35</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">3,641</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">3,714,325</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=right nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series 3167 Class SX, 30.33%,</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=right nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">6/15/36 (a)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">526</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">486,430</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=right nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series 3225 Class EY, 1.638%,</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=right nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">10/15/36 (b)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">77,871</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">5,035,825</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=right nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series 3299 Class TI, 5%,</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=right nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">4/15/37 (b)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">2,939</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">473,777</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=right nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series T-11 Class A9, 2.247%,</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=right nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">1/25/28 (a)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">3,544</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">3,272,303</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=right nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Freddie Mac Multiclass Certificates Series T-8 Class A10, 0%,</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=right nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">11/15/28 (g)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">192</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">174,999</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=right nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Ginnie Mae Trust Series 1996-5 Class Z, 7%, 5/16/26</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">859</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">910,858</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=right nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Ginnie Mae Trust Series 2001-33 Class PB, 6.50%, 7/20/31</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">1,424</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">1,470,150</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD width=60% align=left nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">Ginnie Mae Trust Series 2003-58 Class IT, 5.50%, 7/20/33 (b)</FONT>  </TD>
  <TD width=1% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">1,520</FONT>  </TD>
  <TD width=2% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD width=2% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">140,467</FONT>  </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 ALIGN="left" style="page-break-before:always"></P><PAGE>


<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
<TR valign="bottom">
  <TD align=left width=60% nowrap>
<B><FONT size=4 face="sans-serif">BlackRock Income Trust, Inc.</FONT></B>  </TD>
  <TD align=right width=40% nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left width=60% nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Schedule of Investments November 30, 2008 (Unaudited)</FONT></B>  </TD>
  <TD align=right width=40% nowrap 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><br>
<TABLE width=100% border=0 cellpadding=0 cellspacing=0>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<B><FONT size=2 face="sans-serif">U.S. Government Agency Mortgage-Backed Securities -</FONT></B>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<B><FONT size=2 face="sans-serif">Par</FONT></B>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=60% align=left nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Collateralized Mortgage Obligations</FONT></B>  </TD>
  <TD align=right nowrap colspan=2 style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">(000)</FONT></B>  </TD>
  <TD width=2% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD width=2% align=right nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">&nbsp;</FONT></B>  </TD>
  <TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Value</FONT></B>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Ginnie Mae Trust Series 2003-89 Class SA, 0.84%, 10/16/33 (b)</FONT>  </TD>
  <TD width=1% align=right nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">14,129</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">813,038</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Ginnie Mae Trust Series 2004-39 Class ID, 5%, 5/20/33 (b)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">1,500</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">389,589</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Ginnie Mae Trust Series 2004-89 Class PE, 6%, 10/20/34</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">3,638</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">3,745,746</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Ginnie Mae Trust Series 2005-18 Class SL, 1.203%, 2/20/35 (b)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">13,656</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">688,513</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=60% align=left nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">Ginnie Mae Trust Series 2005-47 Class SP, 0.853%, 8/20/32 (b)</FONT>  </TD>
  <TD width=1% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">16,337</FONT>  </TD>
  <TD width=2% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD width=2% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">737,588</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<B><FONT size=2 face="sans-serif">Total U.S. Government Agency Mortgage-Backed Securities -</FONT></B>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=60% align=left nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Collateralized Mortgage Obligations - 36.7%</FONT></B>  </TD>
  <TD width=1% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=10% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=2% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD width=2% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">152,185,527</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=60% align=left nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Non-U.S. Government Agency Mortgage-Backed Securities</FONT></B>  </TD>
  <TD width=1% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=10% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=2% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD width=2% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=10% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>
<B><FONT size=2 face="sans-serif">Collateralized Mortgage</FONT></B>  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">ABN AMRO Mortgage Corp. Series 2003-4 Class A2, 5.50%,</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>
<B><FONT size=2 face="sans-serif">Obligations - 19.8%</FONT></B>  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">3/25/33 (b)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">240</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">1,394</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Bank of America Funding Corp. Series 2007-2 Class 1A19, 0%,</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">3/25/37 (b)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">100,612</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">2,230,222</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Bank of America Funding Corp. Series 2007-5 Class 4A3, 3.655%,</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">7/25/37 (b)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">34,243</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">1,993,895</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Bank of America Mortgage Securities Inc. Series 2003-3 Class</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">1AIO, 0.286%, 5/25/18 (b)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">210,378</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">701,630</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Bear Stearns Asset Backed Securities Series 2007-AC2 Class X,</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">0.25%, 3/25/37 (b)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">24,127</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">251,449</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Citi Mortgage Alternative Loan Trust Series 2007-A5 Class 1A7,</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">6%, 5/25/37 (b)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">1,840</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">217,130</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Citigroup Mortgage Loan Trust, Inc. Series 2005-12 Class 1A2,</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">1.615%, 8/25/35 (b)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">22,883</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">1,132,148</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Collateralized Mortgage Obligation Trust Series 40 Class R,</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">0.58%, 4/01/18 (b)(h)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">264</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">264</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Collateralized Mortgage Obligation Trust Series 42 Class R, 6%,</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">10/01/14 (b)(h)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">38</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">2,459</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Countrywide Alternative Loan Trust Series 2005-28CB Class 1A5,</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">5.50%, 8/25/35</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">3,273</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">2,883,423</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Countrywide Alternative Loan Trust Series 2005-79C Class A2,</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">0%, 1/25/36 (b)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">129,005</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">3,688,603</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Countrywide Home Loan Mortgage Pass-Through Trust Series</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">2003-26 Class PO, 0%, 8/25/33 (g)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">4,664</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">3,451,057</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Countrywide Home Loan Mortgage Pass-Through Trust Series</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">2003-J4 Class PO, 0%, 6/25/33 (g)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">978</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">705,255</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Countrywide Home Loan Mortgage Pass-Through Trust Series</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">2003-J5 Class PO, 0%, 7/25/33 (g)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">1,268</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">1,033,477</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Countrywide Home Loan Mortgage Pass-Through Trust Series</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">2003-J8 Class PO, 0%, 9/25/23 (g)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">1,070</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">749,277</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Deutsche Alt-A Securities Inc. Mortgage Series 2006-AR5 Class</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">22A, 5.50%, 10/25/21</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">1,794</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">1,286,547</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Drexel Burnham Lambert CMO Trust Series K Class 1, 0%,</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">9/23/17 (g)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">17</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">17,242</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Drexel Burnham Lambert CMO Trust Series V Class 1, 0%,</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=60% align=left nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">9/01/18 (g)</FONT>  </TD>
  <TD width=1% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">181</FONT>  </TD>
  <TD width=2% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD width=2% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">179,488</FONT>  </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 ALIGN="left" style="page-break-before:always"></P><PAGE>


<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
<TR valign="bottom">
  <TD align=left width=60% nowrap>
<B><FONT size=4 face="sans-serif">BlackRock Income Trust, Inc.</FONT></B>  </TD>
  <TD align=right width=40% nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left width=60% nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Schedule of Investments November 30, 2008 (Unaudited)</FONT></B>  </TD>
  <TD align=right width=40% nowrap 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><br>
<TABLE width=100% border=0 cellpadding=0 cellspacing=0>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>&nbsp;  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<B><FONT size=2 face="sans-serif">Par</FONT></B>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD width=60% align=left nowrap style="border-bottom:1px solid #000000;"><B><FONT size=2 face="sans-serif">Non-U.S. Government Agency Mortgage-Backed Securities</FONT></B>  </TD>
  <TD width=1% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD width=10% align=right nowrap style="border-bottom:1px solid #000000;"><B><FONT size=2 face="sans-serif">(000)</FONT></B> </TD>
  <TD width=2% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD width=2% align=right nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">&nbsp;</FONT></B>  </TD>
  <TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Value</FONT></B>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">First Boston Mortgage Securities Corp. Series C Class I-O,</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">10.965%, 4/25/17 (b)</FONT>  </TD>
  <TD width=1% align=right nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">63</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">13,652</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">First Horizon Alternative Mortgage Securities Series 2005-FA7</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Class 1A7, 0%, 10/25/35 (b)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">67,309</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">2,419,636</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">First Horizon Alternative Mortgage Securities Series 2005-FA9</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Class A2, 0%, 12/25/35 (b)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">165,889</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">6,061,461</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">First Horizon Alternative Mortgage Securities Series 2006-FA2</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Class 1A4, 0.628%, 5/25/36 (b)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">19,218</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">956,497</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">GSMPS Mortgage Loan Trust Series 1998-5 Class IO, 0.97%,</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">6/19/27 (b)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">6,609</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">107,402</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Homebanc Mortgage Trust Series 2005-4 Class A1, 1.665%,</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">10/25/35 (a)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">4,507</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">1,935,021</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">IndyMac Index Mortgage Loan Trust Series 2006-AR33 Class 4AX,</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">0.165%, 1/25/37 (b)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">142,807</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">538,655</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">JPMorgan Mortgage Trust Series 2004-S1 Class 1A7,</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">5%, 9/25/34 (i)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">2,518</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">2,168,284</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">JPMorgan Mortgage Trust Series 2005-S1 Class 2A1,</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">8%, 1/25/35</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">5,519</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">4,977,560</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">JPMorgan Mortgage Trust Series 2006-A7 Class 2A2, 5.799%,</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">1/25/37 (a)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">1,295</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">937,881</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Kidder Peabody Acceptance Corp Series 1993-1 Class A6,</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">14.03%, 8/25/23 (a)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">104</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">111,126</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Kidder Peabody Mortgage Assets Trust Series B Class A2, 9.50%,</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">4/22/18 (b)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">47</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">7,919</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Luminent Mortgage Trust Series 2006-A1 Class 2A1, 1.565%,</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">12/25/36 (a)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">4,734</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">1,804,881</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">MASTR Adjustable Rate Mortgages Trust Series 2004-3 Class 3AX,</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">0.977%, 4/25/34 (b)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">20,261</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">143,958</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left>
<FONT size=2 face="sans-serif">MASTR Alternative Loans Trust Series 2003-7 Class 4A3, 8%,
11/25/18</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">1,307</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">1,297,005</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left><FONT size=2 face="sans-serif">MASTR Alternative Loans Trust Series 2003-9 Class 15X2, 6%,
1/25/19 (b)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">1,181</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">180,632</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left>
<FONT size=2 face="sans-serif">MASTR Asset Securitization Trust Series 2004-3 Class 4A15, 0%,
3/25/34 (g)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">314</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">105,213</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left>
<FONT size=2 face="sans-serif">Morgan Stanley Mortgage Loan Trust Series 2004-3 Class 1AX,
5%, 5/25/19 (b)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">1,216</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">138,890</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left>
<FONT size=2 face="sans-serif">Residential Accredit Loans, Inc. Series 2003-QS14 Class A1, 5%,
7/25/18</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">5,725</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">5,217,348</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left>
<FONT size=2 face="sans-serif">Residential Accredit Loans, Inc. Series 2005-QS16 Class A2, 0%,
11/25/35 (b)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">131,142</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">4,214,177</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;</TD>
  <TD width=60% align=left>
<FONT size=2 face="sans-serif">Residential Asset Securitization Trust Series 2005-A15 Class 1A8,
0%, 2/25/36 (g)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">983</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">339,496</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD width=60% align=left style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">Residential Funding Securities LLC Series 2003-RM2 Class AI5,
8.50%, 5/25/33</FONT>  </TD>
  <TD width=1% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">8,883</FONT>  </TD>
  <TD width=2% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD width=2% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">8,962,472</FONT>  </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 ALIGN="left" style="page-break-before:always"></P><PAGE>


<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
<TR valign="bottom">
  <TD align=left width=60% nowrap>
<B><FONT size=4 face="sans-serif">BlackRock Income Trust, Inc.</FONT></B>  </TD>
  <TD align=right width=40% nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left width=60% nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Schedule of Investments November 30, 2008 (Unaudited)</FONT></B>  </TD>
  <TD align=right width=40% nowrap 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><br>
<TABLE width=100% border=0 cellpadding=0 cellspacing=0>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>&nbsp;  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<B><FONT size=2 face="sans-serif">Par</FONT></B>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=60% align=left nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Non-U.S. Government Agency Mortgage-Backed Securities</FONT></B>  </TD>
  <TD width=1% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD width=10% align=right nowrap style="border-bottom:1px solid #000000;"><B><FONT size=2 face="sans-serif">(000)</FONT></B>&nbsp; </TD>
  <TD width=2% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD width=2% align=right nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">&nbsp;</FONT></B>  </TD>
  <TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Value</FONT></B>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Sequoia Mortgage Trust Series 2005-2 Class XA,</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">0.998%, 3/20/35 (b)</FONT>  </TD>
  <TD width=1% align=right nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">47,640</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">762,247</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Structured Adjustable Rate Mortgage Loan Trust Series 2004-11</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Class A, 5.593%, 8/25/34 (a)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">1,853</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">1,830,060</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Structured Adjustable Rate Mortgage Loan Trust Series 2005-18</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Class 7AX, 5.50%, 9/25/35 (b)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">4,581</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">809,749</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Structured Adjustable Rate Mortgage Loan Trust Series 2005-20</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Class 3AX, 5.50%, 10/25/35 (b)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">3,625</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">494,781</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Structured Adjustable Rate Mortgage Loan Trust Series 2006-2</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Class 4AX, 5.50%, 3/25/36 (b)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">12,124</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">1,768,846</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Structured Adjustable Rate Mortgage Loan Trust Series 2006-7</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Class 3AS, 2.374%, 8/25/36 (b)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">39,800</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">4,346,195</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Structured Mortgage Asset Residential Trust Series 1993-3C Class</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">CX, 0%, 4/25/24 (g)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">11</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">11,277</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Summit Mortgage Trust Series 2000-1 Class B1, 6.782%,</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">12/28/12 (a)(h)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">2</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">1,725</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>
<FONT size=2 face="sans-serif">Vendee Mortgage Trust Series 1999-2 Class 1IO,</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">0.052%, 5/15/29 (b)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">76,215</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">187,847</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">WaMu Mortgage Pass-Through Certificates Series 2005-AR4 Class</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">A3, 3.549%, 4/25/35 (a)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">3,000</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">2,788,368</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">WaMu Mortgage Pass-Through Certificates Series 2006-AR1 Class</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">2A1C, 4.36%, 1/25/46 (a)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">6,865</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">1,716,146</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Washington Mutual Alternative Mortgage Pass-Through</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Certificates Series 2005-8 Class 1A4, 1.215%, 10/25/35 (b)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">8,653</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">214,625</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Washington Mutual Alternative Mortgage Pass-Through</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Certificates Series 2005-9 Class CP, 0%, 11/25/35 (g)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">912</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">591,676</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Washington Mutual Alternative Mortgage Pass-Through</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Certificates Series 2007-1 Class 1A3, 1.765%, 2/25/37 (a)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">7,294</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">3,520,177</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=60% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=1% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=10% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=2% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD width=2% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">82,207,845</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>
<B><FONT size=2 face="sans-serif">Commercial Mortgage-</FONT></B>  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">CS First Boston Mortgage Securities Corp. Series 1997-C1 Class</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>
<B><FONT size=2 face="sans-serif">Backed Securities - 1.3%</FONT></B>  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">AX, 1.672%, 6/20/29 (b)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">5,202</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">157,130</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Commercial Mortgage Acceptance Corp. Series 1997-ML1 Class</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">IO, 0.705%, 12/15/30 (b)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">12,170</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">288,311</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Credit Suisse Mortgage Capital Certificates Series 2007-C2 Class</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">A3, 5.542%, 1/15/49 (a)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">2,420</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">1,553,611</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">First Union-Lehman Brothers Commercial Mortgage Series 1997-</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">C2 Class D, 7.12%, 11/18/29</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">3,500</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">3,112,171</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Morgan Stanley Capital I Series 1997-HF1 Class X, 3.438%,</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">7/15/29 (b)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">64</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">10</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=60% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=1% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=10% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=2% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD width=2% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">5,111,233</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<B><FONT size=2 face="sans-serif">Total Non-U.S. Government Agency Mortgage-Backed</FONT></B>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=60% align=left nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Securities - 21.1%</FONT></B>  </TD>
  <TD width=1% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=10% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=2% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD width=2% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">87,319,078</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=60% align=left nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">U.S. Government and Agency Obligations</FONT></B>  </TD>
  <TD width=1% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=10% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=2% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD width=2% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=10% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Federal Housing Administration, General Motors Acceptance</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=60% align=left nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">Corp. Projects, Series 56, 7.43%, 11/01/22</FONT>  </TD>
  <TD width=1% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">338</FONT>  </TD>
  <TD width=2% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD width=2% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">337,021</FONT>  </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 ALIGN="left" style="page-break-before:always"></P><PAGE>


<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
<TR valign="bottom">
  <TD align=left width=60% nowrap>
<B><FONT size=4 face="sans-serif">BlackRock Income Trust, Inc.</FONT></B>  </TD>
  <TD align=right width=40% nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left width=60% nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Schedule of Investments November 30, 2008 (Unaudited)</FONT></B>  </TD>
  <TD align=right width=40% nowrap 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><br>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>&nbsp;  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD align=right width=10% nowrap>
<B><FONT size=2 face="sans-serif">Par</FONT></B>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=60% align=left nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">U.S. Government and Agency Obligations</FONT></B>  </TD>
  <TD width=1% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right width=10% nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">(000)</FONT></B>  </TD>
  <TD align=left width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=right width=2% nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">&nbsp;</FONT></B>  </TD>
  <TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Value</FONT></B>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left>
<FONT size=2 face="sans-serif">Federal Housing Administration, Merrill Projects, Series 54,
7.43%, 2/01/23 (j)</FONT>  </TD>
  <TD width=1% align=right nowrap><FONT size=2 face="sans-serif">&#36;</FONT></TD>
  <TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">2</FONT>  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=right width=2% nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">2,291</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left>
<FONT size=2 face="sans-serif">Federal Housing Administration, Reilly Project, Series 41, 8.28%,
3/01/20</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">713</FONT>  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">711,716</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left>
<FONT size=2 face="sans-serif">Federal Housing Administration, USGI Projects, Series 87, 7.43%,
12/01/22</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">76</FONT>  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">75,847</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left>
<FONT size=2 face="sans-serif">Federal Housing Administration, USGI Projects, Series 99, 7.43%,
6/01/21</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">5,193</FONT>  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">5,186,786</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left>
<FONT size=2 face="sans-serif">Federal Housing Administration, USGI Projects, Series 99, 7.43%,
10/01/23</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">80</FONT>  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">79,514</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left>
<FONT size=2 face="sans-serif">Federal Housing Administration, USGI Projects, Series 99, 7.43%,
10/01/23</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">235</FONT>  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">234,838</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Overseas Private Investment Corp., 4.09%, 5/29/12</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">338</FONT>  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">315,696</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Overseas Private Investment Corp., 4.30%, 5/29/12 (a)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">848</FONT>  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">938,384</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Overseas Private Investment Corp., 4.64%, 5/29/12</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">715</FONT>  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">801,852</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Overseas Private Investment Corp., 4.68%, 5/29/12</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">405</FONT>  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">435,982</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Overseas Private Investment Corp., 4.87%, 5/29/12</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">3,072</FONT>  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">3,476,947</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Resolution Funding Corp., 9.655%, 4/15/30 (k)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">13,000</FONT>  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">5,327,985</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Small Business Administration Series 1, 1%, 4/01/15 (b)</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">3,735</FONT>  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">37,355</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=60% align=left nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">U.S. Treasury STRIPS, 0%, 11/15/24 (c)(g)(l)(m)</FONT>  </TD>
  <TD width=1% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right width=10% nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">40,000</FONT>  </TD>
  <TD align=left width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=right width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">22,793,720</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Total U.S. Government and Agency Obligations - 9.8%</FONT></B>  </TD>
  <TD width=1% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left width=10% nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=right width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">40,755,934</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<B><FONT size=2 face="sans-serif">Total Long Term Securities</FONT></B>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD align=left width=10% nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=60% align=left nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">(Cost - &#36;691,244,551) - 172.8%</FONT></B>  </TD>
  <TD width=1% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left width=10% nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=right width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">716,121,610</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=60% align=left nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Short-Term Securities</FONT></B>  </TD>
  <TD width=1% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left width=10% nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=right width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=10% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>
<B><FONT size=2 face="sans-serif">Borrowed Bond</FONT></B>  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">JPMorgan Chase &amp; Co., Inc., purchased on 9/15/2008 to yield</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD align=left width=10% nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Agreement</FONT></B>  </TD>
  <TD width=60% align=left nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">0.90% to 9/15/2009</FONT>  </TD>
  <TD width=1% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right width=10% nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">21,187</FONT>  </TD>
  <TD align=left width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=right width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">21,187,306</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<B><FONT size=2 face="sans-serif">Total Short-Term Securities</FONT></B>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD align=left width=10% nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=60% align=left nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">(Cost - &#36;21,187,306) - 5.1%</FONT></B>  </TD>
  <TD width=1% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left width=10% nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=right width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">21,187,306</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=60% align=left nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Options Purchased</FONT></B>  </TD>
  <TD width=1% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=right width=10% nowrap style="border-bottom:1px solid #000000;"><B><FONT size=2 face="sans-serif">Contracts
    (n)</FONT></B> </TD>
  <TD align=left width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=right width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=10% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>
<B><FONT size=2 face="sans-serif">Call Swaptions</FONT></B>  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Receive a fixed rate of 5.47% and pay a floating rate based on 3-</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD align=left width=10% nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=60% align=left nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">month LIBOR, expiring May 2012</FONT>  </TD>
  <TD width=1% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right width=10% nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">12</FONT>  </TD>
  <TD align=left width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=right width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">2,196,834</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left valign="top" nowrap>
<B><FONT size=2 face="sans-serif">Put Swaptions</FONT></B>  </TD>
  <TD width=60% align=left>
<FONT size=2 face="sans-serif">Pay a fixed rate of 4.70% and receive a floating
rate based on 3-month LIBOR,<br>
expiring January 2009</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">130</FONT>  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">63,570</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left>
<FONT size=2 face="sans-serif">Pay a fixed rate of 5.47% and receive a floating
rate based 3-month LIBOR, expiring May 2012</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">12</FONT>  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">277,574</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left>
<FONT size=2 face="sans-serif">Pay a fixed rate of 5.78% and receive a floating rate based 3-
month LIBOR, <br>
expiring August 2010</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">3</FONT>  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=right width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">25,514</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=60% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=1% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left width=10% nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=right width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">366,658</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<B><FONT size=2 face="sans-serif">Total Options Purchased</FONT></B>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD align=left width=10% nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=60% align=left nowrap style="border-bottom:1px solid #000000;">

<B><FONT size=2 face="sans-serif">(Cost - &#36;2,961,660) - 0.6%</FONT></B>  </TD>
  <TD width=1% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left width=10% nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=right width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">2,563,492</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<B><FONT size=2 face="sans-serif">Total Investments Before Borrowed Bond,</FONT></B>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD align=left width=10% nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<B><FONT size=2 face="sans-serif">TBA Sale Commitments and Options Written</FONT></B>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD align=left width=10% nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=right width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=60% align=left nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">(Cost - &#36;715,393,517*) - 178.5%</FONT></B>  </TD>
  <TD width=1% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left width=10% nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=right width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">739,872,408</FONT>  </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 ALIGN="left" style="page-break-before:always"></P><PAGE>


<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
<TR valign="bottom">
  <TD align=left width=60% nowrap>
<B><FONT size=4 face="sans-serif">BlackRock Income Trust, Inc.</FONT></B>  </TD>
  <TD align=right width=40% nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left width=60% nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Schedule of Investments November 30, 2008 (Unaudited)</FONT></B>  </TD>
  <TD align=right width=40% nowrap 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><br>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>&nbsp;  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<B><FONT size=2 face="sans-serif">Par</FONT></B>&nbsp;</TD>
  <TD width=1% align=left nowrap>&nbsp;  </TD>
  <TD width=1%>&nbsp;  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=1% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=60% align=left nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Borrowed Bond</FONT></B>  </TD>
  <TD width=1% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">(000)</FONT></B>  </TD>
  <TD width=1% align=left nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">&nbsp;</FONT></B>  </TD>
  <TD width=1% style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=1% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
 <B><FONT size=2 face="sans-serif">Value</FONT></B></TD>
  <TD width=1% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=60% align=left nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">U.S. Treasury Note, 4.75% 5/31/12</FONT>  </TD>
  <TD width=1% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD width=10% align=right nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="sans-serif">(19,505</FONT> </TD>
  <TD width=1% align=left nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif"></FONT><FONT size=2 face="sans-serif">)</FONT> </TD>
  <TD width=1% style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=1% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">(21,790,752</FONT>  </TD>
  <TD width=1% align=left nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">)</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<B><FONT size=2 face="sans-serif">Total Borrowed Bond</FONT></B>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=1% align=left nowrap>&nbsp;  </TD>
  <TD width=1%>&nbsp;  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=1% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=60% align=left nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">(Proceeds - &#36;19,383,094) - (5.3)%</FONT></B>  </TD>
  <TD width=1% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=10% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=1% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=1% style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=1% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">(21,790,752</FONT>  </TD>
  <TD width=1% align=left nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">)</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=60% align=left nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">TBA Sale Commitments</FONT></B>  </TD>
  <TD width=1% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=10% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=1% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=1% style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=1% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=10% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=1% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Fannie Mae Guaranteed Pass-Through Certificates, 5.0%,</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;</TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=1% align=left nowrap>&nbsp;  </TD>
  <TD width=1%>&nbsp;  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=1% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">6/01/33 - 12/15/38</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">(9,000</FONT>  </TD>
  <TD width=1% align=left nowrap>
<FONT size=2 face="sans-serif">)</FONT>  </TD>
  <TD width=1%>&nbsp;  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">(9,063,720</FONT>  </TD>
  <TD width=1% align=left nowrap>
<FONT size=2 face="sans-serif">)</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Fannie Mae Guaranteed Pass-Through Certificates, 5.50%,</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;</TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=1% align=left nowrap>&nbsp;  </TD>
  <TD width=1%>&nbsp;  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=1% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">6/01/21 - 12/15/38</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">(5,200</FONT>  </TD>
  <TD width=1% align=left nowrap>
<FONT size=2 face="sans-serif">)</FONT>  </TD>
  <TD width=1%>&nbsp;  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">(5,294,307</FONT>  </TD>
  <TD width=1% align=left nowrap>
<FONT size=2 face="sans-serif">)</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Fannie Mae Guaranteed Pass-Through Certificates, 6%,</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;</TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=1% align=left nowrap>&nbsp;  </TD>
  <TD width=1%>&nbsp;  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=1% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">10/01/36 - 12/15/38</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">(20,700</FONT>  </TD>
  <TD width=1% align=left nowrap>
<FONT size=2 face="sans-serif">)</FONT>  </TD>
  <TD width=1%>&nbsp;  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">(21,173,657</FONT>  </TD>
  <TD width=1% align=left nowrap>
<FONT size=2 face="sans-serif">)</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Fannie Mae Guaranteed Pass-Through Certificates, 6.50%,</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;</TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=1% align=left nowrap>&nbsp;  </TD>
  <TD width=1%>&nbsp;  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=1% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">7/01/36 - 12/15/38</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">(20,000</FONT>  </TD>
  <TD width=1% align=left nowrap>
<FONT size=2 face="sans-serif">)</FONT>  </TD>
  <TD width=1%>&nbsp;  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">(20,558,860</FONT>  </TD>
  <TD width=1% align=left nowrap>
<FONT size=2 face="sans-serif">)</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Freddie Mac Mortgage Participation Certificates,</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=1% align=left nowrap>&nbsp;  </TD>
  <TD width=1%>&nbsp;  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=1% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=60% align=left nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">5%, 12/01/34</FONT>  </TD>
  <TD width=1% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">(5,000</FONT>  </TD>
  <TD width=1% align=left nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">)</FONT>  </TD>
  <TD width=1% style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=1% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">(5,029,155</FONT>  </TD>
  <TD width=1% align=left nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">)</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<B><FONT size=2 face="sans-serif">Total TBA Sale Commitments</FONT></B>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=1% align=left nowrap>&nbsp;  </TD>
  <TD width=1%>&nbsp;  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=1% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=60% align=left nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">(Proceeds - &#36;60,306,188) - (14.7)%</FONT></B>  </TD>
  <TD width=1% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=10% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=1% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=1% style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=1% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">(61,119,699</FONT>  </TD>
  <TD width=1% align=left nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">)</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=60% align=left nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Options Written</FONT></B>  </TD>
  <TD width=1% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD width=10% align=right nowrap style="border-bottom:1px solid #000000;"><B><FONT size=2 face="sans-serif">Contracts
    (n)</FONT></B> </TD>
  <TD width=1% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=1% style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=1% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=10% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=1% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>
<B><FONT size=2 face="sans-serif">Call Swaptions</FONT></B>  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Pay a fixed rate of 5.325% and receive a floating rate based on</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;</TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=1% align=left nowrap>&nbsp;  </TD>
  <TD width=1%>&nbsp;  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=1% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">3-month LIBOR, expiring July 2013, Broker JPMorgan Chase Bank N.A.</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;</TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">11</FONT>  </TD>
  <TD width=1% align=left nowrap>&nbsp;  </TD>
  <TD width=1%>&nbsp;  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">(956,820</FONT>  </TD>
  <TD width=1% align=left nowrap>
<FONT size=2 face="sans-serif">)</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Pay a fixed rated of 5.485% and receive a floating rate based on</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;</TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=1% align=left nowrap>&nbsp;  </TD>
  <TD width=1%>&nbsp;  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=1% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">3-month LIBOR, expiring October 2009, Broker JPMorgan Chase Bank N.A.</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;</TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">5</FONT>  </TD>
  <TD width=1% align=left nowrap>&nbsp;  </TD>
  <TD width=1%>&nbsp;  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">(1,030,887</FONT>  </TD>
  <TD width=1% align=left nowrap>
<FONT size=2 face="sans-serif">)</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Pay a fixed rated of 5.67% and receive a floating rate based on</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;</TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=1% align=left nowrap>&nbsp;  </TD>
  <TD width=1%>&nbsp;  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=1% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">3-month LIBOR, expiring January 2010, Broker Citibank N.A.</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;</TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">12</FONT>  </TD>
  <TD width=1% align=left nowrap>&nbsp;  </TD>
  <TD width=1%>&nbsp;  </TD>
  <TD width=1% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">(2,512,724</FONT>  </TD>
  <TD width=1% align=left nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">)</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=60% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=1% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=10% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=1% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=1% style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=1% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">(4,500,431</FONT>  </TD>
  <TD width=1% align=left nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">)</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>
<B><FONT size=2 face="sans-serif">Put Swaptions</FONT></B>  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Receive a fixed rate of 5.325% and pay a floating rate based on</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;</TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=1% align=left nowrap>&nbsp;  </TD>
  <TD width=1%>&nbsp;  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=1% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">3-month LIBOR, expiring July 2013, Broker JPMorgan Chase Bank N.A.</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;</TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">11</FONT>  </TD>
  <TD width=1% align=left nowrap>&nbsp;  </TD>
  <TD width=1%>&nbsp;  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">(196,270</FONT>  </TD>
  <TD width=1% align=left nowrap>
<FONT size=2 face="sans-serif">)</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Receive a fixed rate of 5.485% and pay a floating rate based on</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;</TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=1% align=left nowrap>&nbsp;  </TD>
  <TD width=1%>&nbsp;  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=1% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">3-month LIBOR, expiring October 2009, Broker JPMorgan Chase Bank N.A.</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;</TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">5</FONT>  </TD>
  <TD width=1% align=left nowrap>&nbsp;  </TD>
  <TD width=1%>&nbsp;  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">(33,420</FONT>  </TD>
  <TD width=1% align=left nowrap>
<FONT size=2 face="sans-serif">)</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">Receive a fixed rate of 5.67% and pay a floating rate based on</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;</TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=1% align=left nowrap>&nbsp;  </TD>
  <TD width=1%>&nbsp;  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=1% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<FONT size=2 face="sans-serif">3-month LIBOR, expiring January 2010, Broker Citibank N.A.</FONT>  </TD>
  <TD width=1% align=right nowrap>&nbsp;</TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">12</FONT>  </TD>
  <TD width=1% align=left nowrap>&nbsp;  </TD>
  <TD width=1%>&nbsp;  </TD>
  <TD width=1% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">(72,317</FONT>  </TD>
  <TD width=1% align=left nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">)</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=60% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=1% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=10% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=1% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=1% style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=1% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">(302,007</FONT>  </TD>
  <TD width=1% align=left nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">)</FONT>  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<B><FONT size=2 face="sans-serif">Total Options Written</FONT></B>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=1% align=left nowrap>&nbsp;  </TD>
  <TD width=1%>&nbsp;  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=1% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=60% align=left nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">(Premiums Received - &#36;2,385,959) - (1.2)%</FONT></B>  </TD>
  <TD width=1% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=10% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=1% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=1% style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=1% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">(4,802,438</FONT>  </TD>
  <TD width=1% align=left nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">)</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<B><FONT size=2 face="sans-serif">Total Investments Net of Borrowed Bond,</FONT></B>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=1% align=left nowrap>&nbsp;  </TD>
  <TD width=1%>&nbsp;  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=1% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<B><FONT size=2 face="sans-serif">TBA Sale Commitments</FONT></B>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=1% align=left nowrap>&nbsp;  </TD>
  <TD width=1%>&nbsp;  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=1% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<B><FONT size=2 face="sans-serif">and Options Written - 157.3%</FONT></B>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=1% align=left nowrap>&nbsp;  </TD>
  <TD width=1%>&nbsp;  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">652,159,519</FONT>  </TD>
  <TD width=1% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<B><FONT size=2 face="sans-serif">Liabilities in Excess of Other Assets - (57.3)%</FONT></B>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=1% align=left nowrap>&nbsp;  </TD>
  <TD width=1%>&nbsp;  </TD>
  <TD width=1% align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">(237,590,823</FONT>  </TD>
  <TD width=1% align=left nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">)</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=60% align=left nowrap>
<B><FONT size=2 face="sans-serif">Net Assets - 100.0%</FONT></B>  </TD>
  <TD width=1% align=right nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=1% align=left nowrap>&nbsp;  </TD>
  <TD width=1%>&nbsp;  </TD>
  <TD width=1% align=right nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD width=10% align=right nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="sans-serif">414,568,696</FONT>  </TD>
  <TD width=1% align=left nowrap style="border-bottom:3px double #000000;">&nbsp;  </TD>
</TR>
</TABLE>
<BR>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
<TR valign="bottom">
  <TD width=3% align=left valign="top" nowrap>
<FONT size=2 face="serif">* </FONT>  </TD>
  <TD colspan=6 align=left><font size=2 face="sans-serif">The cost and unrealized
      appreciation (depreciation) of investments as of November 30, 2008, as
    computed for federal income tax purposes, were as follows:</font></TD>
  </TR>
<TR valign="bottom">
  <TD align=left width=3% nowrap>&nbsp;</TD>
  <TD align=left width=30% nowrap>&nbsp;</TD>
  <TD width=2%>&nbsp; </TD>
  <TD align=left width=2% nowrap>&nbsp; </TD>
  <TD align=left width=16% nowrap>&nbsp; </TD>
  <TD align=left width=1% nowrap>&nbsp;</TD>
  <TD align=left width=46% nowrap>&nbsp; </TD>
</TR>
<TR valign="bottom">
  <TD align=left width=3% nowrap>&nbsp;</TD>
  <TD align=left width=30% nowrap>
<FONT size=2 face="sans-serif">Aggregate Cost</FONT>  </TD>
  <TD width=2%>&nbsp; </TD>
  <TD align=left width=2% nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD align=right width=16% nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="sans-serif">715,529,153</FONT>  </TD>
  <TD align=left width=1% nowrap style="border-bottom:3px double #000000;">&nbsp;</TD>
  <TD align=left width=46% nowrap>&nbsp; </TD>
</TR>
<TR valign="bottom">
  <TD align=left width=3% nowrap>&nbsp;</TD>
  <TD align=left width=30% nowrap>
<FONT size=2 face="sans-serif">Gross unrealized appreciation</FONT>  </TD>
  <TD width=2%>&nbsp; </TD>
  <TD align=left width=2% nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD align=right width=16% nowrap>
<FONT size=2 face="sans-serif">70,526,265</FONT>  </TD>
  <TD align=left width=1% nowrap>&nbsp;</TD>
  <TD align=left width=46% nowrap>&nbsp; </TD>
</TR>
<TR valign="bottom">
  <TD align=left width=3% nowrap>&nbsp;</TD>
  <TD align=left width=30% nowrap>
<FONT size=2 face="sans-serif">Gross unrealized depreciation</FONT>  </TD>
  <TD width=2%>&nbsp; </TD>
  <TD align=left width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp; </TD>
  <TD align=right width=16% nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">(46,183,010</FONT>  </TD>
  <TD width=1% align=left nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="sans-serif">)</FONT> </TD>
  <TD align=left width=46% nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left width=3% nowrap>&nbsp;</TD>
  <TD align=left width=30% nowrap>
<FONT size=2 face="sans-serif">Net unrealized depreciation</FONT>  </TD>
  <TD width=2%>&nbsp; </TD>
  <TD align=left width=2% nowrap style="border-bottom:3px double #000000;">
    <FONT size=2 face="sans-serif">&#36;</FONT> </TD>
  <TD align=right width=16% nowrap style="border-bottom:3px double #000000;">
    <FONT size=2 face="sans-serif">24,343,255</FONT> </TD>
  <TD width=1% align=left nowrap style="border-bottom:3px double #000000;"><FONT size=2 face="sans-serif">&nbsp;</FONT> </TD>
  <TD align=left width=46% nowrap>&nbsp;</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 ALIGN="left" style="page-break-before:always"></P><PAGE>


<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
<TR valign="bottom">
  <TD align=left width=100% nowrap>
<B><FONT size=4 face="sans-serif">BlackRock Income Trust, Inc.</FONT></B>  </TD>
</TR>
<TR valign="bottom">
  <TD align=left width=100% nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Schedule of Investments November 30, 2008 (Unaudited)</FONT></B>  </TD>
</TR>
</TABLE>
<br>
<TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
<TR>
  <TD width="3%" valign=top nowrap>
<FONT size=2 face="sans-serif">(a)</FONT>&nbsp;   </TD>
  <TD width=97%>
<P align="left"><FONT size=2 face="sans-serif">Variable rate security. Rate shown is as of report date.</FONT></P>  </TD>
</TR>
<TR>
  <TD width="3%" valign=top nowrap>
<FONT size=2 face="sans-serif">(b)</FONT>&nbsp;   </TD>
  <TD width=97%>
<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 width="3%" valign=top nowrap>
<FONT size=2 face="sans-serif">(c)</FONT>&nbsp;   </TD>
  <TD width=97%>
<P align="left"><FONT size=2 face="sans-serif">All or a portion of security held as collateral in connection with swaps.</FONT></P>  </TD>
</TR>
<TR>
  <TD width="3%" valign=top nowrap>
<FONT size=2 face="sans-serif">(d)</FONT>&nbsp;   </TD>
  <TD width=97%>
<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 width="3%" valign=top nowrap>
<FONT size=2 face="sans-serif">(e)</FONT>&nbsp;   </TD>
  <TD width=97%>
<P align="left"><FONT size=2 face="sans-serif">Amount is less than &#36;1,000.</FONT></P>  </TD>
</TR>
<TR>
  <TD width="3%" valign=top nowrap>
<FONT size=2 face="sans-serif">(f)</FONT>&nbsp; &nbsp; &nbsp;   </TD>
  <TD width=97%>
<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 width="3%" valign=top nowrap>
<FONT size=2 face="sans-serif">(g)</FONT>&nbsp;   </TD>
  <TD width=97%>
<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 width="3%" valign=top nowrap>
<FONT size=2 face="sans-serif">(h)</FONT>&nbsp;   </TD>
  <TD width=97%>
<P align="left"><FONT size=2 face="sans-serif">Security is fair valued.</FONT></P>  </TD>
</TR>
<TR>
  <TD width="3%" valign=top nowrap>
<FONT size=2 face="sans-serif">(i)</FONT>&nbsp;   </TD>
  <TD width=97%>
<P align="left"><FONT size=2 face="sans-serif">Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration to qualified institutional investors.</FONT></P>  </TD>
</TR>
<TR>
  <TD width="3%" valign=top nowrap>
<FONT size=2 face="sans-serif">(j)</FONT>&nbsp;   </TD>
  <TD width=97%>
<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>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD align=left width=33% nowrap>&nbsp;  </TD>
  <TD align=center width=14% nowrap>
<B><FONT size=2 face="sans-serif">Purchase</FONT></B>  </TD>
  <TD colspan="2" align=center nowrap>
<B><FONT size=2 face="sans-serif">Sale</FONT></B>    </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD align=center width=9% nowrap>
<B><FONT size=2 face="sans-serif">Realized</FONT></B>  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=3% nowrap>&nbsp;  </TD>
  <TD align=left width=3% nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=left width=33% nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Affiliate</FONT></B>  </TD>
  <TD align=center width=14% nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Cost</FONT></B>  </TD>
  <TD colspan="2" align=center nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Cost</FONT></B>    </TD>
  <TD width=2% style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=center width=9% nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Loss</FONT></B>  </TD>
  <TD align=left width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=2% style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD colspan="2" align=center nowrap style="border-bottom:1px solid #000000;">
    <B><FONT size=2 face="sans-serif">Income</FONT></B>  </TD>
  </TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD align=left width=33% nowrap>
<FONT size=2 face="sans-serif">Federal Housing Administration, Merrill</FONT>  </TD>
  <TD align=left width=14% nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=3% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD align=left width=9% nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=3% nowrap>&nbsp;  </TD>
  <TD align=left width=3% nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=left width=33% nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">Projects, Series 54, 7.43%, 2/01/23</FONT>  </TD>
  <TD align=center width=14% nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">-</FONT>  </TD>
  <TD width=2% align=left nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="sans-serif">&#36;</FONT> </TD>
  <TD align=right width=3% nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">35</FONT>  </TD>
  <TD width=2% style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left width=2% nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD align=right width=9% nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">(1</FONT>  </TD>
  <TD align=left width=2% nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">)</FONT>  </TD>
  <TD width=2% style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left width=3% nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD align=right width=3% nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">44</FONT>  </TD>
</TR>
</TABLE>
<BR>
<TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
<TR>
  <TD width="3%" valign=top nowrap>
<FONT size=2 face="sans-serif">(k)</FONT>&nbsp;   </TD>
  <TD width=97%>
<P align="left"><FONT size=2 face="sans-serif">Represents a zero-coupon bond. Rate shown is as of report date.</FONT></P>  </TD>
</TR>
<TR>
  <TD width="3%" valign=top nowrap>
<FONT size=2 face="sans-serif">(l)</FONT>&nbsp;   </TD>
  <TD width=97%>
<P align="left"><FONT size=2 face="sans-serif">All or a portion of security has been pledged as collateral for reverse repurchase agreements.</FONT></P>  </TD>
</TR>
<TR>
  <TD width="3%" valign=top nowrap>
<FONT size=2 face="sans-serif">(m)</FONT>&nbsp;   </TD>
  <TD width=97%>
<P align="left"><FONT size=2 face="sans-serif">Separately Traded Registered Interest and Principal of Securities (STRIPS).</FONT></P>  </TD>
</TR>
<TR>
  <TD width="3%" valign=top nowrap>
<FONT size=2 face="sans-serif">(n)</FONT>&nbsp;   </TD>
  <TD width=97%>
<P align="left"><FONT size=2 face="sans-serif">One contract represents a notional amount of &#36;1,000,000.</FONT></P>  </TD>
</TR>
<TR>
  <TD colspan=2>&nbsp;</TD>
</TR>
<TR>
  <TD valign=top nowrap><FONT size=2 face="sans-serif">&#149;</FONT></TD>
  <TD>
<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-classifications used by one or more widely
recognized market indexes or rating group indexes, and/or as defined by Trust management. This definition may not apply for purposes of this report, which may combine
industry sub-classifications for reporting ease.</FONT></P></TD>
</TR>
<TR>
  <TD colspan=2>&nbsp;</TD>
</TR>
<TR>
  <TD colspan=2>&nbsp;</TD>
</TR>
<TR>
  <TD valign=top nowrap><FONT size=2 face="sans-serif">&#149;</FONT></TD>
  <TD><P align="left"><FONT size=2 face="sans-serif">Reverse repurchase agreements outstanding as of November 30, 2008 were as follows:</FONT></P></TD>
</TR>
<TR>
  <TD colspan=2>&nbsp;</TD>
</TR>
<TR><TD colspan=2>&nbsp;</TD></TR></TABLE>
<br>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD width=22% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=center width=10% nowrap>
<B><FONT size=2 face="sans-serif">Interest</FONT></B>  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=center width=11% nowrap>
<B><FONT size=2 face="sans-serif">Trade</FONT></B>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=10% align=center nowrap>
<B><FONT size=2 face="sans-serif">Maturity</FONT></B>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD align=center width=10% nowrap>
<B><FONT size=2 face="sans-serif">Net Closing</FONT></B>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=3% nowrap>&nbsp;  </TD>
  <TD width=10% align=center nowrap>
<B><FONT size=2 face="sans-serif">Face</FONT></B>  </TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD width=22% align=center nowrap style="border-bottom:1px solid #000000;"><B><FONT size=2 face="sans-serif">Counterparty</FONT></B>  </TD>
  <TD width=2% style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=center width=10% nowrap style="border-bottom:1px solid #000000;"><B><FONT size=2 face="sans-serif">Rate</FONT></B>  </TD>
  <TD align=left width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=2% style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=center width=11% nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Date</FONT></B>  </TD>
  <TD width=2% style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=10% align=center nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Date</FONT></B>  </TD>
  <TD width=2% style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=2% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=center width=10% nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Amount</FONT></B>  </TD>
  <TD width=2% style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left width=3% nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=10% align=center nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Amount</FONT></B>  </TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD width=22% align=left nowrap>
<FONT size=2 face="sans-serif">JPMorgan</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=10% nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=11% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=10% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=3% nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD width=22% align=left nowrap>
<FONT size=2 face="sans-serif">Securities Inc.</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">0.40</FONT>  </TD>
  <TD align=left width=2% nowrap>
<FONT size=2 face="sans-serif">%</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=center width=11% nowrap>
<FONT size=2 face="sans-serif">11/17/08</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=10% align=center nowrap>
<FONT size=2 face="sans-serif">TBD</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD align=right width=10% nowrap><FONT size=2 face="sans-serif">2,487,915</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=3% nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD width=10% align=right nowrap><FONT size=2 face="sans-serif">2,487,500</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD width=22% align=left nowrap>
<FONT size=2 face="sans-serif">Barclays Capital Inc.</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=right width=10% nowrap>
<FONT size=2 face="sans-serif">0.70</FONT>  </TD>
  <TD align=left width=2% nowrap>
<FONT size=2 face="sans-serif">%</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=center width=11% nowrap>
<FONT size=2 face="sans-serif">11/19/08</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=10% align=center nowrap>
<FONT size=2 face="sans-serif">12/02/08</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD align=right width=10% nowrap><FONT size=2 face="sans-serif">1,007,755</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=3% nowrap>&nbsp;  </TD>
  <TD width=10% align=right nowrap><FONT size=2 face="sans-serif">1,007,500</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD width=22% align=left nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">Barclays Capital Inc.</FONT>  </TD>
  <TD width=2% style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right width=10% nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">0.50</FONT>  </TD>
  <TD align=left width=2% nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">%</FONT>  </TD>
  <TD width=2% style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=center width=11% nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">11/20/08</FONT>  </TD>
  <TD width=2% style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=10% align=center nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">12/02/08</FONT>  </TD>
  <TD width=2% style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=2% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right width=10% nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="sans-serif">1,035,173</FONT>  </TD>
  <TD width=2% style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left width=3% nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=10% align=right nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="sans-serif">1,035,000</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD width=22% align=left nowrap>
 &nbsp;&nbsp;&nbsp;<B><FONT size=2 face="sans-serif">Total</FONT></B>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=10% nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=11% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD align=right width=10% nowrap style="border-bottom:3px double #000000;"><FONT size=2 face="sans-serif">4,530,843</FONT>  </TD>
  <TD width=2% style="border-bottom:3px double #000000;">&nbsp;  </TD>
  <TD align=left width=3% nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD width=10% align=right nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="sans-serif">4,530,000</FONT>  </TD>
</TR>
</TABLE>
<BR>
<P align="center">
<FONT size=2 face="sans-serif">12</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=4>



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


<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
<TR valign="bottom">
  <TD align=left width=100% nowrap>
<B><FONT size=4 face="sans-serif">BlackRock Income Trust, Inc.</FONT></B>  </TD>
</TR>
<TR valign="bottom">
  <TD align=left width=100% nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Schedule of Investments November 30, 2008 (Unaudited)</FONT></B>  </TD>
</TR>
</TABLE><br>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
<TR valign="bottom">
  <TD align=left nowrap>&#149; </TD>
  <TD colspan=11 align=left nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="sans-serif">Financial
    future contracts sold as of November 30, 2008 were as follows:</FONT>           </TD>
  <TD width=2% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD align=left width=12% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width="33%" align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=center width=13% nowrap>
<B><FONT size=2 face="sans-serif">Expiration</FONT></B>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=center nowrap>
<B><FONT size=2 face="sans-serif">Face</FONT></B>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=center nowrap>
<B><FONT size=2 face="sans-serif">Unrealized</FONT></B>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=right nowrap>&nbsp;</TD>
  <TD align=center width=12% nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Contracts</FONT></B>  </TD>
  <TD width=2% style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width="33%" align=center nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Issue</FONT></B>  </TD>
  <TD width=2% style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=center width=13% nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Date</FONT></B>  </TD>
  <TD width=2% style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=2% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=12% align=center nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Value</FONT></B>  </TD>
  <TD width=2% style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=12% align=center nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Depreciation</FONT></B>  </TD>
  <TD width=2% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=center nowrap>&nbsp;</TD>
  <TD align=center width=12% nowrap>
<FONT size=2 face="sans-serif">33</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width="33%" align=center nowrap>
<FONT size=2 face="sans-serif">10-Year U.S. Treasury Bond</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=center width=13% nowrap>
<FONT size=2 face="sans-serif">December 2008</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">3,699,022</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">(356,369</FONT>  </TD>
  <TD width=2% align=left nowrap>
<FONT size=2 face="sans-serif">)</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=center nowrap>&nbsp;</TD>
  <TD align=center width=12% nowrap>
<FONT size=2 face="sans-serif">72</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width="33%" align=center nowrap>
<FONT size=2 face="sans-serif">2-Year U.S. Treasury Bond</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=center width=13% nowrap>
<FONT size=2 face="sans-serif">December 2008</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">15,320,768</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">(402,232</FONT>  </TD>
  <TD width=2% align=left nowrap>
<FONT size=2 face="sans-serif">)</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=center nowrap>&nbsp;</TD>
  <TD align=center width=12% nowrap>
<FONT size=2 face="sans-serif">262</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width="33%" align=center nowrap>
<FONT size=2 face="sans-serif">EuroDollar Futures</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=center width=13% nowrap>
<FONT size=2 face="sans-serif">December 2008</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">63,599,168</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">(508,957</FONT>  </TD>
  <TD width=2% align=left nowrap>
<FONT size=2 face="sans-serif">)</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=center nowrap>&nbsp;</TD>
  <TD align=center width=12% nowrap>
<FONT size=2 face="sans-serif">395</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width="33%" align=center nowrap>
<FONT size=2 face="sans-serif">2-Year U.S. Treasury Bond</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=center width=13% nowrap>
<FONT size=2 face="sans-serif">March 2009</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">85,196,014</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">(444,924</FONT>  </TD>
  <TD width=2% align=left nowrap>
<FONT size=2 face="sans-serif">)</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=center nowrap>&nbsp;</TD>
  <TD align=center width=12% nowrap>
<FONT size=2 face="sans-serif">251</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width="33%" align=center nowrap>
<FONT size=2 face="sans-serif">EuroDollar Futures</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=center width=13% nowrap>
<FONT size=2 face="sans-serif">March 2009</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">64,091,211</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">(453,989</FONT>  </TD>
  <TD width=2% align=left nowrap>
<FONT size=2 face="sans-serif">)</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=center nowrap>&nbsp;</TD>
  <TD align=center width=12% nowrap>
<FONT size=2 face="sans-serif">250</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width="33%" align=center nowrap>
<FONT size=2 face="sans-serif">EuroDollar Futures</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=center width=13% nowrap>
<FONT size=2 face="sans-serif">June 2009</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">60,756,837</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">(540,038</FONT>  </TD>
  <TD width=2% align=left nowrap>
<FONT size=2 face="sans-serif">)</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=center nowrap>&nbsp;</TD>
  <TD align=center width=12% nowrap>
<FONT size=2 face="sans-serif">270</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width="33%" align=center nowrap>
<FONT size=2 face="sans-serif">EuroDollar Futures</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=center width=13% nowrap>
<FONT size=2 face="sans-serif">September 2009</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">65,488,363</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">(685,262</FONT>  </TD>
  <TD width=2% align=left nowrap>
<FONT size=2 face="sans-serif">)</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=center nowrap>&nbsp;</TD>
  <TD align=center width=12% nowrap>
<FONT size=2 face="sans-serif">163</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width="33%" align=center nowrap>
<FONT size=2 face="sans-serif">EuroDollar Futures</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=center width=13% nowrap>
<FONT size=2 face="sans-serif">December 2009</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">39,453,032</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">(453,443</FONT>  </TD>
  <TD width=2% align=left nowrap>
<FONT size=2 face="sans-serif">)</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=center nowrap>&nbsp;</TD>
  <TD align=center width=12% nowrap>
<FONT size=2 face="sans-serif">152</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width="33%" align=center nowrap>
<FONT size=2 face="sans-serif">EuroDollar Futures</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=center width=13% nowrap>
<FONT size=2 face="sans-serif">March 2010</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">36,720,836</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">(486,864</FONT>  </TD>
  <TD width=2% align=left nowrap>
<FONT size=2 face="sans-serif">)</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=center nowrap>&nbsp;</TD>
  <TD align=center width=12% nowrap>
<FONT size=2 face="sans-serif">162</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width="33%" align=center nowrap>
<FONT size=2 face="sans-serif">EuroDollar Futures</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=center width=13% nowrap>
<FONT size=2 face="sans-serif">June 2010</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">39,032,672</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">(578,353</FONT>  </TD>
  <TD width=2% align=left nowrap>
<FONT size=2 face="sans-serif">)</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=center nowrap>&nbsp;</TD>
  <TD align=center width=12% nowrap>
<FONT size=2 face="sans-serif">174</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width="33%" align=center nowrap>
<FONT size=2 face="sans-serif">EuroDollar Futures</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=center width=13% nowrap>
<FONT size=2 face="sans-serif">September 2010</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">41,837,884</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">(631,166</FONT>  </TD>
  <TD width=2% align=left nowrap>
<FONT size=2 face="sans-serif">)</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=center nowrap>&nbsp;</TD>
  <TD align=center width=12% nowrap>
<FONT size=2 face="sans-serif">109</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width="33%" align=center nowrap>
<FONT size=2 face="sans-serif">EuroDollar Futures</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=center width=13% nowrap>
<FONT size=2 face="sans-serif">December 2010</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">26,120,156</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">(409,082</FONT>  </TD>
  <TD width=2% align=left nowrap>
<FONT size=2 face="sans-serif">)</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=center nowrap>&nbsp;</TD>
  <TD align=center width=12% nowrap>
<FONT size=2 face="sans-serif">83</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width="33%" align=center nowrap>
<FONT size=2 face="sans-serif">EuroDollar Futures</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=center width=13% nowrap>
<FONT size=2 face="sans-serif">March 2011</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">19,872,022</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">(295,941</FONT>  </TD>
  <TD width=2% align=left nowrap>
<FONT size=2 face="sans-serif">)</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=center nowrap>&nbsp;</TD>
  <TD align=center width=12% nowrap>
<FONT size=2 face="sans-serif">98</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width="33%" align=center nowrap>
<FONT size=2 face="sans-serif">EuroDollar Futures</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=center width=13% nowrap>
<FONT size=2 face="sans-serif">June 2011</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">23,443,751</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">(318,799</FONT>  </TD>
  <TD width=2% align=left nowrap>
<FONT size=2 face="sans-serif">)</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=center nowrap>&nbsp;</TD>
  <TD align=center width=12% nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">120</FONT>  </TD>
  <TD width=2% style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width="33%" align=center nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">EuroDollar Futures</FONT>  </TD>
  <TD width=2% style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=center width=13% nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">September 2011</FONT>  </TD>
  <TD width=2% style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=2% align=left nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD width=12% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">28,699,134</FONT>  </TD>
  <TD width=2% style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=12% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">(340,866</FONT>  </TD>
  <TD width=2% align=left nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">)</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD align=left width=12% nowrap>&nbsp;&nbsp;&nbsp;<B><FONT size=2 face="sans-serif">Total</FONT></B>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width="33%" align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=13% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD width=12% align=right nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="sans-serif">(6,906,285</FONT>  </TD>
  <TD width=2% align=left nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="sans-serif">)</FONT>  </TD>
</TR>
</TABLE>
<BR>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
<TR valign="bottom">
  <TD align=left nowrap>&#149; </TD>
  <TD colspan="12" align=left nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="sans-serif">Interest
    rate floors outstanding as of November 30, 2008 were as follows:</FONT>                 </TD>
  <TD align=left width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=center nowrap>
<B><FONT size=2 face="sans-serif">Notional</FONT></B>  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=13% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=center nowrap>
<B><FONT size=2 face="sans-serif">Amount</FONT></B>  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=13% align=center nowrap>
<B><FONT size=2 face="sans-serif">Unrealized</FONT></B>  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=2% style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=2% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=12% align=center nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">(000)</FONT></B>  </TD>
  <TD align=left width=2% nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">&nbsp;</FONT></B>  </TD>
  <TD width=2% style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=12% align=center nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Value</FONT></B>  </TD>
  <TD align=left width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=2% style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=2% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=13% align=center nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Depreciation</FONT></B>  </TD>
  <TD align=left width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap><FONT size=2 face="sans-serif">Pay a fixed rated of 4.80% and receive a floating rate based on</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=13% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap><FONT size=2 face="sans-serif">3-month LIBOR</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=13% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap><FONT size=2 face="sans-serif">Broker, The Goldman Sachs Group, Inc.</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=13% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap><FONT size=2 face="sans-serif">Expiring March 2011</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=right nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">105,000</FONT>  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">(4,996,635</FONT>  </TD>
  <TD align=left width=2% nowrap>
<FONT size=2 face="sans-serif">)</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD width=13% align=right nowrap>
<FONT size=2 face="sans-serif">(3,834,635</FONT>  </TD>
  <TD align=left width=2% nowrap>
<FONT size=2 face="sans-serif">)</FONT>  </TD>
</TR>
<TR>
  <TD colspan=14>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap><FONT size=2 face="sans-serif">Pay a fixed rated of 4.95% and receive a floating rate based</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=13% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap><FONT size=2 face="sans-serif">on 3-month LIBOR</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=13% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap><FONT size=2 face="sans-serif">Broker, JPMorgan Chase Bank N.A.</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=13% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap><FONT size=2 face="sans-serif">Expiring March 2011</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=right nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">60,000</FONT>  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">(2,217,240</FONT>  </TD>
  <TD align=left width=2% nowrap>
<FONT size=2 face="sans-serif">)</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=13% align=right nowrap>
<FONT size=2 face="sans-serif">(1,575,240</FONT>  </TD>
  <TD align=left width=2% nowrap>
<FONT size=2 face="sans-serif">)</FONT>  </TD>
</TR>
<TR>
  <TD colspan=14>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap><FONT size=2 face="sans-serif">Pay a fixed rated of 5.50% and receive a floating rate based</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=13% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap><FONT size=2 face="sans-serif">on 3-month LIBOR</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=13% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap><FONT size=2 face="sans-serif">Broker, UBS AG</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=13% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap><FONT size=2 face="sans-serif">Expiring March 2010 (h)</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=right nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">53,000</FONT>  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">(2,325,375</FONT>  </TD>
  <TD align=left width=2% nowrap>
<FONT size=2 face="sans-serif">)</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=13% align=right nowrap>
<FONT size=2 face="sans-serif">(1,530,375</FONT>  </TD>
  <TD align=left width=2% nowrap>
<FONT size=2 face="sans-serif">)</FONT>  </TD>
</TR>
<TR>
  <TD colspan=14>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap><FONT size=2 face="sans-serif">Pay a fixed rated of 5.50% and receive a floating rate based</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=13% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap><FONT size=2 face="sans-serif">on 3-month LIBOR</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=13% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap><FONT size=2 face="sans-serif">Broker, Citibank N.A.</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=13% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="sans-serif">Expiring September 2011 (h)</FONT>  </TD>
  <TD width=2% style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=2% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD width=12% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">31,000</FONT>  </TD>
  <TD align=left width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=2% style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=12% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">(2,457,804</FONT>  </TD>
  <TD align=left width=2% nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">)</FONT>  </TD>
  <TD width=2% style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=2% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=13% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">(1,863,637</FONT>  </TD>
  <TD align=left width=2% nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">)</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap><FONT size=2 face="sans-serif">Total</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD width=12% align=right nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="sans-serif">(11,997,054</FONT>  </TD>
  <TD align=left width=2% nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="sans-serif">)</FONT>  </TD>
  <TD width=2% style="border-bottom:3px double #000000;">&nbsp;  </TD>
  <TD width=2% align=left nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD width=13% align=right nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="sans-serif">(8,803,887</FONT>  </TD>
  <TD align=left width=2% nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="sans-serif">)</FONT>  </TD>
</TR>
</TABLE>
<BR>
<P align="center">
<FONT size=2 face="sans-serif">13</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=4>



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


<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
<TR valign="bottom">
  <TD align=left width=100% nowrap>
<B><FONT size=4 face="sans-serif">BlackRock Income Trust, Inc.</FONT></B>  </TD>
</TR>
<TR valign="bottom">
  <TD align=left width=100% nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Schedule of Investments November 30, 2008 (Unaudited)</FONT></B>  </TD>
</TR>
</TABLE><br>
<TABLE width=100% border=0 cellpadding=0 cellspacing=0>
<TR valign="bottom">
  <TD width=3% align=left nowrap>
<FONT size=2 face="sans-serif">&#149;</FONT>  </TD>
  <TD colspan=12 align=left nowrap>
<FONT size=2 face="sans-serif">Interest rate swaps outstanding as of November 30, 2008 were as follows:</FONT>            </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;  </TD>
  <TD width="42%" align=left nowrap style="border-top:1px solid #000000;">&nbsp;  </TD>
  <TD width=2% style="border-top:1px solid #000000;">&nbsp;  </TD>
  <TD width=2% align=left nowrap style="border-top:1px solid #000000;">&nbsp;  </TD>
  <TD width=12% align=center nowrap style="border-top:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Notional</FONT></B>  </TD>
  <TD width=2% align=left nowrap style="border-top:1px solid #000000;">&nbsp;  </TD>
  <TD width=2% style="border-top:1px solid #000000;">&nbsp;  </TD>
  <TD width=2% align=left nowrap style="border-top:1px solid #000000;">&nbsp;  </TD>
  <TD width=12% align=center nowrap style="border-top:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Unrealized</FONT></B>  </TD>
  <TD width=2% align=left nowrap style="border-top:1px solid #000000;">&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;  </TD>
  <TD width="42%" align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=center nowrap>

<B><FONT size=2 face="sans-serif">Amount</FONT></B>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=center nowrap>
<B><FONT size=2 face="sans-serif">Appreciation</FONT></B>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;  </TD>
  <TD width="42%" align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=2% style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=2% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=12% align=center nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">(000)</FONT></B>  </TD>
  <TD width=2% align=left nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">&nbsp;</FONT></B>  </TD>
  <TD width=2% style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=2% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=12% align=center nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">(Depreciation)</FONT></B>  </TD>
  <TD width=2% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;  </TD>
  <TD width="42%" align=left nowrap>
<FONT size=2 face="sans-serif">Receive a fixed rate of 5.38341% and pay a floating rate based</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;  </TD>
  <TD width="42%" align=left nowrap>
<FONT size=2 face="sans-serif">on 3-month LIBOR</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;  </TD>
  <TD width="42%" align=left nowrap>
<FONT size=2 face="sans-serif">Broker, Credit Suisse International</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;  </TD>
  <TD width="42%" align=left nowrap>
<FONT size=2 face="sans-serif">Expires July 2009</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">200,000</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">3,507,935</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
</TR>
<TR>
  <TD>&nbsp;  </TD>
  <TD width="42%">&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;  </TD>
  <TD width="42%" align=left nowrap>
<FONT size=2 face="sans-serif">Receive a fixed rate of 4.05% and pay a floating rate based</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;  </TD>
  <TD width="42%" align=left nowrap>
<FONT size=2 face="sans-serif">on 3-month LIBOR</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;  </TD>
  <TD width="42%" align=left nowrap>
<FONT size=2 face="sans-serif">Broker, Barclays London</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;  </TD>
  <TD width="42%" align=left nowrap>
<FONT size=2 face="sans-serif">Expires December 2009</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">5,600</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">112,626</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
</TR>
<TR>
  <TD>&nbsp;  </TD>
  <TD width="42%">&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;  </TD>
  <TD width="42%" align=left nowrap>
<FONT size=2 face="sans-serif">Receive a fixed rate of 4.31996% and pay a floating rate based</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;  </TD>
  <TD width="42%" align=left nowrap>
<FONT size=2 face="sans-serif">on 3-month LIBOR</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;  </TD>
  <TD width="42%" align=left nowrap>
<FONT size=2 face="sans-serif">Broker, UBS AG</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;  </TD>
  <TD width="42%" align=left nowrap>
<FONT size=2 face="sans-serif">Expires September 2010</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">12,000</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">466,752</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
</TR>
<TR>
  <TD>&nbsp;  </TD>
  <TD width="42%">&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;  </TD>
  <TD width="42%" align=left nowrap>
<FONT size=2 face="sans-serif">Receive a fixed rate of 2.895% and pay a floating rate based</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;  </TD>
  <TD width="42%" align=left nowrap>
<FONT size=2 face="sans-serif">on 3-month LIBOR</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;  </TD>
  <TD width="42%" align=left nowrap>
<FONT size=2 face="sans-serif">Broker, Barclays London</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;  </TD>
  <TD width="42%" align=left nowrap>
<FONT size=2 face="sans-serif">Expires September 2010</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">7,400</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">104,994</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
</TR>
<TR>
  <TD>&nbsp;  </TD>
  <TD width="42%">&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;  </TD>
  <TD width="42%" align=left nowrap>
<FONT size=2 face="sans-serif">Pay a fixed rate of 2.898% and receive a floating rate based</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;  </TD>
  <TD width="42%" align=left nowrap>
<FONT size=2 face="sans-serif">on 3-month LIBOR</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;  </TD>
  <TD width="42%" align=left nowrap>
<FONT size=2 face="sans-serif">Broker, Deutsche Bank AG</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;  </TD>
  <TD width="42%" align=left nowrap>
<FONT size=2 face="sans-serif">Expires September 2010</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">22,300</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">(317,579</FONT>  </TD>
  <TD width=2% align=left nowrap><FONT size=2 face="sans-serif">)</FONT></TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
</TR>
<TR>
  <TD>&nbsp;  </TD>
  <TD width="42%">&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;  </TD>
  <TD width="42%" align=left nowrap>
<FONT size=2 face="sans-serif">Receive a fixed rate of 4.95% and pay a floating rate based</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;  </TD>
  <TD width="42%" align=left nowrap>
<FONT size=2 face="sans-serif">on 3-month LIBOR</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;  </TD>
  <TD width="42%" align=left nowrap>
<FONT size=2 face="sans-serif">Broker, UBS AG</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;  </TD>
  <TD width="42%" align=left nowrap>
<FONT size=2 face="sans-serif">Expires November 2011</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">4,400</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">334,136</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
</TR>
<TR>
  <TD>&nbsp;  </TD>
  <TD width="42%">&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;  </TD>
  <TD width="42%" align=left nowrap>
<FONT size=2 face="sans-serif">Receive a fixed rate of 5.025% and pay a floating rate based</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;  </TD>
  <TD width="42%" align=left nowrap>
<FONT size=2 face="sans-serif">on 3-month LIBOR</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;  </TD>
  <TD width="42%" align=left nowrap>
<FONT size=2 face="sans-serif">Broker, Deutsche Bank AG</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;  </TD>
  <TD width="42%" align=left nowrap>
<FONT size=2 face="sans-serif">Expires November 2011</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">3,000</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">232,974</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
</TR>
<TR>
  <TD>&nbsp;  </TD>
  <TD width="42%">&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;  </TD>
  <TD width="42%" align=left nowrap>
<FONT size=2 face="sans-serif">Receive a fixed rate of 5.39256% and pay a floating rate based</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;  </TD>
  <TD width="42%" align=left nowrap>
<FONT size=2 face="sans-serif">on 3-month LIBOR</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;  </TD>
  <TD width="42%" align=left nowrap>
<FONT size=2 face="sans-serif">Broker, Credit Suisse International</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;  </TD>
  <TD width="42%" align=left nowrap>
<FONT size=2 face="sans-serif">Expires June 2012</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">64,000</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">6,258,250</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
</TR>
<TR>
  <TD>&nbsp;  </TD>
  <TD width="42%">&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;  </TD>
  <TD width="42%" align=left nowrap>
<FONT size=2 face="sans-serif">Pay a fixed rate of 4.115% and receive a floating rate based</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;  </TD>
  <TD width="42%" align=left nowrap>
<FONT size=2 face="sans-serif">on 3-month LIBOR</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;  </TD>
  <TD width="42%" align=left nowrap>
<FONT size=2 face="sans-serif">Broker, The Goldman Sachs Group, Inc.</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;  </TD>
  <TD width="42%" align=left nowrap>
<FONT size=2 face="sans-serif">Expires August 2013</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">19,700</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">(1,213,032</FONT>  </TD>
  <TD width=2% align=left nowrap><FONT size=2 face="sans-serif">)</FONT> </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
</TR>
</TABLE>
<BR>
<P align="center">
<FONT size=2 face="sans-serif">14</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=4>



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


<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
<TR valign="bottom">
  <TD align=left width=100% nowrap>
<B><FONT size=4 face="sans-serif">BlackRock Income Trust, Inc.</FONT></B>  </TD>
</TR>
<TR valign="bottom">
  <TD align=left width=100% nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Schedule of Investments November 30, 2008 (Unaudited)</FONT></B>  </TD>
</TR>
</TABLE><br>
<TABLE width=100% border=0 cellpadding=0 cellspacing=0>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=center nowrap>
<B><FONT size=2 face="sans-serif">Notional</FONT></B>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width="2%">&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=center nowrap>
<B><FONT size=2 face="sans-serif">Unrealized</FONT></B>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
  <TD width="13%" align=left nowrap>&nbsp;</TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=center nowrap>
<B><FONT size=2 face="sans-serif">Amount</FONT></B>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width="2%">&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=center nowrap>
<B><FONT size=2 face="sans-serif">Appreciation</FONT></B>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
  <TD width="13%" align=left nowrap>&nbsp;</TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=2% style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=2% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=12% align=center nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">(000)</FONT></B>  </TD>
  <TD width=2% align=left nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">&nbsp;</FONT></B>  </TD>
  <TD width="2%" style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD width=2% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=12% align=center nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">(Depreciation)</FONT></B>  </TD>
  <TD width=2% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
  <TD width="13%" align=left nowrap>&nbsp;</TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">Pay a fixed rate of 4.88911% and receive a floating rate based</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width="2%">&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
  <TD width="13%" align=left nowrap>&nbsp;</TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">on 3-month LIBOR</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width="2%">&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
  <TD width="13%" align=left nowrap>&nbsp;</TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">Broker, The Goldman Sachs Group, Inc.</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width="2%">&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
  <TD width="13%" align=left nowrap>&nbsp;</TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">Expires April 2014</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">19,000</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width="2%">&nbsp;</TD>
  <TD width=2% align=left nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">(1,908,294</FONT>  </TD>
  <TD width=2% align=left nowrap>
<FONT size=2 face="sans-serif">)</FONT>  </TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
  <TD width="13%" align=left nowrap>&nbsp;</TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
</TR>
<TR>
  <TD colspan=14>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">Pay a fixed rate of 4.39919% and receive a floating rate based</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width="2%">&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
  <TD width="13%" align=left nowrap>&nbsp;</TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">on 3-month LIBOR</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width="2%">&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
  <TD width="13%" align=left nowrap>&nbsp;</TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">Broker, Deutsche Bank AG</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width="2%">&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
  <TD width="13%" align=left nowrap>&nbsp;</TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">Expires October 2014</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">12,500</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width="2%">&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">(995,923</FONT>  </TD>
  <TD width=2% align=left nowrap>
<FONT size=2 face="sans-serif">)</FONT>  </TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
  <TD width="13%" align=left nowrap>&nbsp;</TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
</TR>
<TR>
  <TD colspan=14>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">Receive a fixed rate of 4.8834% and pay a floating rate based</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width="2%">&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
  <TD width="13%" align=left nowrap>&nbsp;</TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">on 3-month LIBOR</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width="2%">&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
  <TD width="13%" align=left nowrap>&nbsp;</TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">Broker, UBS AG</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width="2%">&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
  <TD width="13%" align=left nowrap>&nbsp;</TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">Expires March 2015</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">25,000</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width="2%">&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">2,782,258</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
  <TD width="13%" align=left nowrap>&nbsp;</TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
</TR>
<TR>
  <TD colspan=14>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">Pay a fixed rate of 4.925% and receive a floating rate based</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width="2%">&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
  <TD width="13%" align=left nowrap>&nbsp;</TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">on 3-month Lehman Brothers Municipal Swap Index</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width="2%">&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
  <TD width="13%" align=left nowrap>&nbsp;</TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">Broker, Deutsche Bank AG</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width="2%">&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
  <TD width="13%" align=left nowrap>&nbsp;</TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">Expires March 2015</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">16,000</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width="2%">&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">(1,817,910</FONT>  </TD>
  <TD width=2% align=left nowrap>
<FONT size=2 face="sans-serif">)</FONT>  </TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
  <TD width="13%" align=left nowrap>&nbsp;</TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
</TR>
<TR>
  <TD colspan=14>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">Pay a fixed rate of 4.50% and receive a floating rate based</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width="2%">&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
  <TD width="13%" align=left nowrap>&nbsp;</TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">on 3-month LIBOR</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width="2%">&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
  <TD width="13%" align=left nowrap>&nbsp;</TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">Broker, JPMorgan Chase Bank N.A.</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>

  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width="2%">&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
  <TD width="13%" align=left nowrap>&nbsp;</TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">Expires May 2015</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">3,000</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width="2%">&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">(274,283</FONT>  </TD>
  <TD width=2% align=left nowrap>
<FONT size=2 face="sans-serif">)</FONT>  </TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
  <TD width="13%" align=left nowrap>&nbsp;</TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
</TR>
<TR>
  <TD colspan=14>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">Receive a fixed rate of 4.442% and pay a floating rate based</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width="2%">&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
  <TD width="13%" align=left nowrap>&nbsp;</TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">on 3-month LIBOR</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width="2%">&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
  <TD width="13%" align=left nowrap>&nbsp;</TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">Broker, Morgan Stanley Capital Services Inc.</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width="2%">&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
  <TD width="13%" align=left nowrap>&nbsp;</TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">Expires July 2015</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">4,500</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width="2%">&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">384,497</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
  <TD width="13%" align=left nowrap>&nbsp;</TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
</TR>
<TR>
  <TD colspan=14>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">Receive a fixed rate of 5.94% and pay a floating rate based</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width="2%">&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
  <TD width="13%" align=left nowrap>&nbsp;</TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">on 3-month LIBOR</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width="2%">&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
  <TD width="13%" align=left nowrap>&nbsp;</TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">Broker, UBS AG</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width="2%">&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
  <TD width="13%" align=left nowrap>&nbsp;</TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">Expires December 2015</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">2,800</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width="2%">&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">520,145</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
  <TD width="13%" align=left nowrap>&nbsp;</TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
</TR>
<TR>
  <TD colspan=14>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">Receive a fixed rate of 4.87% and pay a floating rate based</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width="2%">&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
  <TD width="13%" align=left nowrap>&nbsp;</TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">on 3-month Lehman Brothers Muni Swap Index</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width="2%">&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
  <TD width="13%" align=left nowrap>&nbsp;</TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">Broker, The Goldman Sachs Group, Inc.</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width="2%">&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
  <TD width="13%" align=left nowrap>&nbsp;</TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">Expires January 2016</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">5,500</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width="2%">&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">646,333</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
  <TD width="13%" align=left nowrap>&nbsp;</TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
</TR>
<TR>
  <TD colspan=14>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">Receive a fixed rate of 5.723% and pay a floating rate based</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width="2%">&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
  <TD width="13%" align=left nowrap>&nbsp;</TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">on 3-month LIBOR</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width="2%">&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
  <TD width="13%" align=left nowrap>&nbsp;</TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>

<FONT size=2 face="sans-serif">Broker, JPMorgan Chase Bank N.A.</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width="2%">&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
  <TD width="13%" align=left nowrap>&nbsp;</TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">Expires July 2016</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">5,400</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width="2%">&nbsp;</TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">968,663</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
  <TD width="13%" align=left nowrap>&nbsp;</TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
</TR>
</TABLE>
<BR>
<P align="center">
<FONT size=2 face="sans-serif">15</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=4>



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


<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
<TR valign="bottom">
  <TD align=left width=100% nowrap>
<B><FONT size=4 face="sans-serif">BlackRock Income Trust, Inc.</FONT></B>  </TD>
</TR>
<TR valign="bottom">
  <TD align=left width=100% nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Schedule of Investments November 30, 2008 (Unaudited)</FONT></B>  </TD>
</TR>
</TABLE><br>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
<TR valign="bottom">
  <TD width="3%" align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=center nowrap>
<B><FONT size=2 face="sans-serif">Notional</FONT></B>  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=center nowrap>
<B><FONT size=2 face="sans-serif">Unrealized</FONT></B>  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width="3%" align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=center nowrap>
<B><FONT size=2 face="sans-serif">Amount</FONT></B>  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=center nowrap>
<B><FONT size=2 face="sans-serif">Appreciation</FONT></B>  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width="3%" align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=2% style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=2% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=12% align=center nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">(000)</FONT></B>  </TD>
  <TD align=left width=2% nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">&nbsp;</FONT></B>  </TD>
  <TD width=2% style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=12% align=center nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">(Depreciation)</FONT></B>  </TD>
  <TD align=left width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width="3%" align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">Receive a fixed rate of 5.295% and pay a floating rate based</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width="3%" align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">on 3-month LIBOR</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width="3%" align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">Broker, UBS AG</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width="3%" align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">Expires February 2017</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">11,900</FONT>  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">1,914,087</FONT>  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
</TR>
<TR>
  <TD colspan=14>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width="3%" align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">Receive a fixed rate of 5.25% and pay a floating rate based</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width="3%" align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">on 3-month LIBOR</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width="3%" align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">Broker, The Goldman Sachs Group, Inc.</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width="3%" align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">Expires April 2017</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">800</FONT>  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">125,950</FONT>  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
</TR>
<TR>
  <TD colspan=14>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width="3%" align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">Pay a fixed rate of 5.74% and receive a floating rate based</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width="3%" align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">on 3-month LIBOR</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width="3%" align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">Broker, Deutsche Bank AG</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">1,400</FONT>  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">(278,791</FONT>  </TD>
  <TD align=left width=2% nowrap>
<FONT size=2 face="sans-serif">)</FONT>  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width="3%" align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">Expires June 2017</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
</TR>
<TR>
  <TD colspan=14>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width="3%" align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">Pay a fixed rate of 5.5451% and receive a floating rate based</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width="3%" align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">on 3-month LIBOR</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width="3%" align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">Broker, Deutsche Bank AG</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width="3%" align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">Expires June 2017</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">1,800</FONT>  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">(331,771</FONT>  </TD>
  <TD align=left width=2% nowrap>
<FONT size=2 face="sans-serif">)</FONT>  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
</TR>
<TR>
  <TD colspan=14>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width="3%" align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">Pay a fixed rate of 5.85% and receive a floating rate based</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width="3%" align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">on 3-month LIBOR</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width="3%" align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">Broker, Deutsche Bank AG</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width="3%" align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">Expires June 2017</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">1,000</FONT>  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">(207,472</FONT>  </TD>
  <TD align=left width=2% nowrap>
<FONT size=2 face="sans-serif">)</FONT>  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
</TR>
<TR>
  <TD colspan=14>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width="3%" align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">Receive a fixed rate of 5.505% and pay a floating rate based</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width="3%" align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">on 3-month LIBOR</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width="3%" align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">Broker, Bank of America N.A.</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width="3%" align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">Expires August 2017</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">165,647</FONT>  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">30,244,406</FONT>  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
</TR>
<TR>
  <TD colspan=14>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width="3%" align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">Pay a fixed rate of 4.4575% and receive a floating rate based</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width="3%" align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">on 3-month LIBOR</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width="3%" align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">Broker, The Goldman Sachs Group, Inc.</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width="3%" align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">Expires January 2018</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">2,600</FONT>  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">(274,144</FONT>  </TD>
  <TD align=left width=2% nowrap>
<FONT size=2 face="sans-serif">)</FONT>  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
</TR>
<TR>
  <TD colspan=14>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width="3%" align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">Pay a fixed rate of 5.135% and receive a floating rate based</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width="3%" align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">on 3-month LIBOR</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width="3%" align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">Broker, Barclays London</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width="3%" align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">Expires April 2018</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">5,700</FONT>  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">(682,692</FONT>  </TD>
  <TD align=left width=2% nowrap>
<FONT size=2 face="sans-serif">)</FONT>  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
</TR>
<TR>
  <TD colspan=14>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width="3%" align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">Pay a fixed rate of 5.88% and receive a floating rate based</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width="3%" align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">on 3-month LIBOR</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width="3%" align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">Broker, Deutsche Bank AG</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width="3%" align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">Expires June 2018</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">63,930</FONT>  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">(13,240,655</FONT>  </TD>
  <TD align=left width=2% nowrap>
<FONT size=2 face="sans-serif">)</FONT>  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
</TR>
<TR>
  <TD colspan=14>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width="3%" align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">Pay a fixed rate of 5.46% and receive a floating rate based</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width="3%" align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">on 3-month LIBOR</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width="3%" align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">Broker, JPMorgan Chase Bank N.A.</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width="3%" align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">Expires August 2018</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">3,800</FONT>  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">(651,745</FONT>  </TD>
  <TD align=left width=2% nowrap>
<FONT size=2 face="sans-serif">)</FONT>  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
</TR>
</TABLE>
<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>


<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
<TR valign="bottom">
  <TD align=left width=100% nowrap>
<B><FONT size=4 face="sans-serif">BlackRock Income Trust, Inc.</FONT></B>  </TD>
</TR>
<TR valign="bottom">
  <TD align=left width=100% nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Schedule of Investments November 30, 2008 (Unaudited)</FONT></B>  </TD>
</TR>
</TABLE><br>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=center nowrap>
<B><FONT size=2 face="sans-serif">Notional</FONT></B>  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=center nowrap>
<B><FONT size=2 face="sans-serif">Unrealized</FONT></B>  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=center nowrap>
<B><FONT size=2 face="sans-serif">Amount</FONT></B>  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=center nowrap>
<B><FONT size=2 face="sans-serif">Appreciation</FONT></B>  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=2% style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=12% align=center nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">(000)</FONT></B>  </TD>
  <TD align=left width=2% nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">&nbsp;</FONT></B>  </TD>
  <TD width=2% style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=12% align=center nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">(Depreciation)</FONT></B>  </TD>
  <TD align=left width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">Pay a fixed rate of 4.545% and receive a floating rate based</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">on 3-month LIBOR</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">Broker, Citibank N.A.</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">Expires September 2018</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">98,400</FONT>  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">(11,759,292</FONT>  </TD>
  <TD align=left width=2% nowrap>
<FONT size=2 face="sans-serif">)</FONT>  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
</TR>
<TR>
  <TD colspan=14>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">Pay a fixed rate of 4.205% and receive a floating rate based</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">on 3-month LIBOR</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">Broker, Deutsche Bank AG</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">Expires September 2018</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">7,400</FONT>  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">(675,864</FONT>  </TD>
  <TD align=left width=2% nowrap>
<FONT size=2 face="sans-serif">)</FONT>  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
</TR>
<TR>
  <TD colspan=14>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">Receive a fixed rate of 4.35% and pay a floating rate based</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">on 3-month LIBOR</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">Broker, UBS AG</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">Expires October 2018</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">42,000</FONT>  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">4,312,490</FONT>  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
</TR>
<TR>
  <TD colspan=14>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">Receive a fixed rate of 4.66% and pay a floating rate based</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">on 3-month LIBOR</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">Broker, JPMorgan Chase Bank N.A.</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">Expires October 2018</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">5,000</FONT>  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">640,353</FONT>  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
</TR>
<TR>
  <TD colspan=14>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">Pay a fixed rate of 4.31% and receive a floating rate based</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">on 3-month LIBOR</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">Broker, Deutsche Bank AG</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">Expires October 2018</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">66,000</FONT>  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=right nowrap>
<FONT size=2 face="sans-serif">(6,575,803</FONT>  </TD>
  <TD align=left width=2% nowrap>
<FONT size=2 face="sans-serif">)</FONT>  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
</TR>
<TR>
  <TD colspan=14>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">Receive a fixed rate of 5.411% and pay a floating rate based</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">on 3-month LIBOR</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">Broker, JPMorgan Chase Bank N.A.</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">Expires August 2022</FONT>  </TD>
  <TD width=2% style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left width=2% nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD width=12% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">9,565</FONT>  </TD>
  <TD align=left width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=2% style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=12% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">2,411,595</FONT>  </TD>
  <TD align=left width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=3% align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<B><FONT size=2 face="sans-serif">Total</FONT></B>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD width=12% align=right nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="sans-serif">14,763,194</FONT>  </TD>
  <TD align=left width=2% nowrap style="border-bottom:3px double #000000;">&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD width=13% align=left nowrap>&nbsp;</TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
</TR>
</TABLE>
<BR>
<P align="center">
<FONT size=2 face="sans-serif">17</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=4>



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


<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
<TR valign="bottom">
  <TD align=left width=100% nowrap>
<B><FONT size=4 face="sans-serif">BlackRock Income Trust, Inc.</FONT></B>  </TD>
</TR>
<TR valign="bottom">
  <TD align=left width=100% nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Schedule of Investments November 30, 2008 (Unaudited)</FONT></B>  </TD>
</TR>
</TABLE><br>
<TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
<TR>
  <TD width="3%" valign=top nowrap><LI></LI></TD>
  <TD colspan=2>
<P align="left"><FONT size=2 face="sans-serif">Effective September 1, 2008, the Trust adopted Financial Accounting Standards Board Statement of Financial Accounting Standards No. 157, "Fair Value Measurements" ("FAS 157"). FAS 157 clarifies the
definition of fair value, establishes a framework for measuring fair values and requires additional disclosures about the use of fair value measurements. Various inputs are used in determining the fair value of investments, which are as
follows:</FONT></P>
  </TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
<TD width="3%">&nbsp;</TD>
<TD width="3%" valign=top nowrap><LI></LI></TD>
  <TD width=94%>
<P align="left"><FONT size=2 face="sans-serif">Level 1 - price quotations in active markets/exchanges for identical</FONT></P>
  </TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
<TD width="3%">&nbsp;</TD>
<TD width="3%" valign=top nowrap><LI></LI></TD>
  <TD width=94%>
<P align="left"><FONT size=2 face="sans-serif">Level 2 - other observable inputs (including, but not limited to: quoted prices for similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for
the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, and default rates) or other market-corroborated inputs)</FONT></P>
  </TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
<TD width="3%">&nbsp;</TD>
<TD width="3%" valign=top nowrap><LI></LI></TD>
  <TD width=94%>
<P align="left"><FONT size=2 face="sans-serif">Level 3 - unobservable inputs based on the best information available in the circumstance, to the extent observable inputs are not available (including the Trust's own assumption used in determining the
fair value of investments)</FONT></P>
  </TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
<TD width="3%">&nbsp;</TD>  <TD colspan=2>
<P align="left"><FONT size=2 face="sans-serif">The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For information about the Trust's policy regarding
valuation of investments and other significant accounting policies, please refer to the Trust's most recent financial statements as contained in its annual report.</FONT></P>
  </TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
<TD width="3%">&nbsp;</TD>  <TD colspan=2>
<P align="left"><FONT size=2 face="sans-serif">The following table summarizes the inputs used as of November 30, 2008 in determining the fair valuation of the Trust's investments:</FONT></P>
  </TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR></TABLE>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
<TR valign="bottom">
  <TD width=6% align=center nowrap>&nbsp;</TD>
  <TD width=13% align=center nowrap>
<B><FONT size=2 face="sans-serif">Valuation</FONT></B></TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=14% align=center nowrap>
<B><FONT size=2 face="sans-serif">Investments in</FONT></B></TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=right nowrap>&nbsp;</TD>
  <TD width=16% align=center nowrap><B><FONT size=2 face="sans-serif">Investments Sold</FONT></B></TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;</TD>
  <TD width=2%>&nbsp;</TD>
  <TD width="13%" align=center nowrap>
<B><FONT size=2 face="sans-serif">Other Financial</FONT></B></TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;</TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=6% align=center nowrap>&nbsp;</TD>
  <TD width=13% align=center nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Inputs</FONT></B></TD>
  <TD width=2% style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=2% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=14% align=center nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Securities</FONT></B></TD>
  <TD width=2% style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=2% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=16% align=center nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Short</FONT></B></TD>
  <TD width=2% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=2% style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD width=2% style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width="13%" align=center nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Instruments*</FONT></B></TD>
  <TD width=2% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=left nowrap>&nbsp;</TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=6% align=left nowrap>&nbsp;</TD>
  <TD width=13% align=left nowrap>
<FONT size=2 face="sans-serif">Level 1</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT></TD>
  <TD width=14% align=right nowrap>
<FONT size=2 face="sans-serif">227,892,107</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=16% align=right nowrap>
<FONT size=2 face="sans-serif">-</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;</TD>
  <TD width=2%><FONT size=2 face="sans-serif">&#36;</FONT></TD>
  <TD width="13%" align=right nowrap>
<FONT size=2 face="sans-serif">(6,906,285</FONT></TD>
  <TD width=2% align=left nowrap>
<FONT size=2 face="sans-serif">)</FONT></TD>
  <TD align=left nowrap>&nbsp;</TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=6% align=left nowrap>&nbsp;</TD>
  <TD width=13% align=left nowrap>
<FONT size=2 face="sans-serif">Level 2</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=14% align=right nowrap>
<FONT size=2 face="sans-serif">442,321,351</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT></TD>
  <TD width=16% align=right nowrap>
<FONT size=2 face="sans-serif">(21,790,752</FONT>  </TD>
  <TD width=2% align=left nowrap>
<FONT size=2 face="sans-serif">)</FONT>  </TD>
  <TD width=2%>&nbsp;</TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width="13%" align=right nowrap>
<FONT size=2 face="sans-serif">5,310,373</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;</TD>
  <TD align=left nowrap>&nbsp;</TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=6% align=left nowrap>&nbsp;</TD>
  <TD width=13% align=left nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">Level 3</FONT>  </TD>
  <TD width=2% style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=2% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=14% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">5,975,759</FONT>  </TD>
  <TD width=2% style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=2% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=16% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">-</FONT>  </TD>
  <TD width=2% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=2% style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD width=2% style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width="13%" align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">(4,783,179</FONT>  </TD>
  <TD width=2% align=left nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">)</FONT>  </TD>
  <TD align=left nowrap>&nbsp;</TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=6% align=left nowrap>&nbsp;</TD>
  <TD width=13% align=left nowrap>
<B><FONT size=2 face="sans-serif">Total</FONT></B>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="sans-serif">&#36;</FONT></TD>
  <TD width=14% align=right nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="sans-serif">676,189,217</FONT>  </TD>
  <TD width=2% style="border-bottom:3px double #000000;">&nbsp;  </TD>
  <TD width=2% align=left nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="sans-serif">&#36;</FONT></TD>
  <TD width=16% align=right nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="sans-serif">(21,790,752</FONT>  </TD>
  <TD width=2% align=left nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="sans-serif">)</FONT>  </TD>
  <TD width=2% style="border-bottom:3px double #000000;">&nbsp;</TD>
  <TD width=2% style="border-bottom:3px double #000000;"><FONT size=2 face="sans-serif">&#36;</FONT></TD>
  <TD width="13%" align=right nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="sans-serif">(6,379,091</FONT>  </TD>
  <TD width=2% align=left nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="sans-serif">)</FONT>  </TD>
  <TD align=left nowrap>&nbsp;</TD>
  <TD width="2%" align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap>&nbsp;</TD>
  <TD colspan=14 align=left><FONT size=2 face="sans-serif">* Other financial
    instruments are swaps, interest rate floors, futures and options.</FONT></TD>
  </TR>
</TABLE>
<BR>
<P align="left">&nbsp;</P>
<TABLE width=100% border=0 cellpadding=0 cellspacing=0>
<TR valign="bottom">
  <TD align=left nowrap>&nbsp;</TD>
  <TD colspan="9" align=left><FONT size=2 face="sans-serif">The following is a reconciliation
      of investments for unobservable inputs (Level 3) used in determining fair
    value:</FONT></TD>
  <TD align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap>&nbsp;</TD>
  <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=center nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=center nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=6% align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=13% align=center nowrap> <B><FONT size=2 face="sans-serif">Investments
    in</FONT></B>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=13% align=center nowrap>
<B><FONT size=2 face="sans-serif">Other Financial</FONT></B>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=14% align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=6% align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=2% style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=2% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=13% align=center nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Securities</FONT></B>  </TD>
  <TD width=2% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=2% style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=2% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=13% align=center nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Instruments*</FONT></B>  </TD>
  <TD width=2% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=14% align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=6% align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">Balance, as of September 1, 2008</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD width=13% align=right nowrap>
<FONT size=2 face="sans-serif">5,942,020</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD width=13% align=right nowrap>
<FONT size=2 face="sans-serif">(3,874,001</FONT>  </TD>
  <TD width=2% align=left nowrap>
<FONT size=2 face="sans-serif">)</FONT>  </TD>
  <TD width=14% align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=6% align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">Accrued discounts/premiums</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=13% align=right nowrap>
<FONT size=2 face="sans-serif">-</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=13% align=right nowrap>
<FONT size=2 face="sans-serif">-</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=14% align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=6% align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">Realized gain (loss)</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=13% align=right nowrap>
<FONT size=2 face="sans-serif">44</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=13% align=right nowrap>
<FONT size=2 face="sans-serif">113,332</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=14% align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=6% align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">Change in unrealized appreciation</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=13% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=13% align=left nowrap>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=14% align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=6% align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">(depreciation)</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=13% align=right nowrap>
<FONT size=2 face="sans-serif">34,551</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=13% align=right nowrap>
<FONT size=2 face="sans-serif">(1,022,510</FONT>  </TD>
  <TD width=2% align=left nowrap>
<FONT size=2 face="sans-serif">)</FONT>  </TD>
  <TD width=14% align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=6% align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">Net purchases (sales)</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=13% align=right nowrap>
<FONT size=2 face="sans-serif">(273,455</FONT>  </TD>
  <TD width=2% align=left nowrap>
<FONT size=2 face="sans-serif">)</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=13% align=right nowrap>
<FONT size=2 face="sans-serif">-</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=14% align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=6% align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">Net transfers in/out of Level 3</FONT>  </TD>
  <TD width=2% style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=2% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=13% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">272,599</FONT>  </TD>
  <TD width=2% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=2% style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=2% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=13% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">-</FONT>  </TD>
  <TD width=2% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=14% align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=6% align=left nowrap>&nbsp;</TD>
  <TD width=42% align=left nowrap>
<FONT size=2 face="sans-serif">Balance, as of November 30, 2008</FONT>  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="sans-serif">&#36;</FONT>  </TD>
  <TD width=13% align=right nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="sans-serif">5,975,759</FONT>  </TD>
  <TD width=2% align=left nowrap style="border-bottom:3px double #000000;">&nbsp;  </TD>
  <TD width=2% style="border-bottom:3px double #000000;">&nbsp;  </TD>
  <TD width=2% align=left nowrap style="border-bottom:3px double #000000;">&nbsp;  </TD>
  <TD width=13% align=right nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="sans-serif">(4,783,179</FONT>  </TD>
  <TD width=2% align=left nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="sans-serif">)</FONT>  </TD>
  <TD width=14% align=left nowrap>&nbsp;</TD>
</TR>
</TABLE>
<BR>
<P align="center">
<FONT size=2 face="sans-serif">18</FONT></P>


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<P STYLE="page-break-before:always"></P><PAGE>


<TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
<TR valign="bottom">
  <TD width="6%" align=left><FONT size=2 face="serif">Item 2 &#150; </FONT></TD>
  <TD colspan="2" align=left><FONT size=2 face="serif">Controls and Procedures </FONT></TD>
</TR>
<TR valign="bottom">
  <TD width="6%" align=left>&nbsp;</TD>
  <TD colspan="2" align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width="6%" align=left valign="top">
<FONT size=2 face="serif">2(a) &#150;</FONT>	</TD>
	<TD colspan="2" align=left><FONT size=2 face="serif">The registrant&#146;s principal executive and principal financial officers or persons performing similar
functions have concluded that the registrant&#146;s disclosure controls and procedures (as defined in Rule
30a-3(c) under the Investment Company Act of 1940, as amended (the &#147;1940 Act&#148;)) are effective as
of a date within 90 days of the filing of this report based on the evaluation of these controls and
procedures required by Rule 30a-3(b) under the 1940 Act and Rule 13a-15(b) under the Securities
Exchange Act of 1934, as amended.</FONT>	</TD>
</TR>
<TR>
	<TD colspan=3>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD width="6%" align=left valign="top">
<FONT size=2 face="serif">2(b) &#150;</FONT>	</TD>
	<TD colspan="2" align=left><FONT size=2 face="serif">There were no changes in the registrant&#146;s internal control over financial reporting (as defined in
Rule 30a-3(d) under the 1940 Act) that occurred during the registrant&#146;s last fiscal quarter that have
materially affected, or are reasonably likely to materially affect, the registrant&#146;s internal control over
financial reporting.</FONT>	</TD>
</TR>
<TR>
	<TD colspan=3>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=2 face="serif">Item 3 &#150;</FONT>	</TD>
    <TD colspan="2" align=left><FONT size=2 face="serif">Exhibits</FONT> </TD>
</TR>
<TR>
	<TD colspan=3>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD width="6%" align=left>&nbsp;	</TD>
	<TD colspan="2" align=left>
<FONT size=2 face="serif">Certifications &#150; Attached hereto</FONT>	</TD>
</TR>
<TR>
	<TD colspan=3>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD width="6%" 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, the registrant has duly caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.</FONT>	</TD>
</TR>
<TR>
	<TD colspan=3>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD width="6%" align=left>&nbsp;	</TD>
	<TD colspan="2" align=left><FONT size=2 face="serif">BlackRock Income Trust, Inc.</FONT>	</TD>
</TR>
<TR>
	<TD colspan=3>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD width="6%" align=left>&nbsp;	</TD>
	<TD width="5%" align=left><FONT size=2 face="serif">By:</FONT>	</TD>
    <TD align=left><div style="border-bottom:1px solid #000000;width:30%;"><FONT size=2 face="serif">/s/ Donald C. Burke</FONT></DIV></TD>
</TR>
<TR valign="bottom">
	<TD width="6%" align=left>&nbsp;	</TD>
	<TD align=left>&nbsp;</TD>
    <TD align=left><FONT size=2 face="serif">Donald C. Burke</FONT></TD>
</TR>
<TR valign="bottom">
	<TD width="6%" align=left>&nbsp;	</TD>
	<TD align=left>&nbsp;</TD>
    <TD align=left><FONT size=2 face="serif">Chief Executive Officer of</FONT></TD>
</TR>
<TR valign="bottom">
	<TD width="6%" align=left>&nbsp;	</TD>
	<TD align=left>&nbsp;</TD>
    <TD align=left><FONT size=2 face="serif">BlackRock Income Trust, Inc.</FONT></TD>
</TR>
<TR>
	<TD colspan=3>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD width="6%" align=left>&nbsp;	</TD>
	<TD align=left><FONT size=2 face="serif">Date:</FONT>	</TD>
    <TD align=left><FONT size=2 face="serif">January 20, 2009</FONT></TD>
</TR>
<TR>
	<TD colspan=3>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD width="6%" 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>
	<TD colspan=3>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD width="6%" align=left>&nbsp;	</TD>
	<TD align=left><FONT size=2 face="serif">By:</FONT>	</TD>
    <TD align=left><div style="border-bottom:1px solid #000000;width:30%;"><FONT size=2 face="serif">/s/ Donald C. Burke</FONT></DIV></TD>
</TR>
<TR valign="bottom">
	<TD width="6%" align=left>&nbsp;	</TD>
	<TD align=left>&nbsp;</TD>
    <TD align=left><FONT size=2 face="serif">Donald
    C. Burke</FONT> </TD>
</TR>
<TR valign="bottom">
	<TD width="6%" align=left>&nbsp;	</TD>
	<TD align=left>&nbsp;</TD>
    <TD align=left><FONT size=2 face="serif">Chief
    Executive Officer (principal executive officer) of</FONT> </TD>
</TR>
<TR valign="bottom">
	<TD width="6%" align=left>&nbsp;	</TD>
	<TD align=left>&nbsp;</TD>
    <TD align=left><FONT size=2 face="serif">BlackRock
    Income Trust, Inc.</FONT> </TD>
</TR>
<TR>
	<TD colspan=3>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD width="6%" align=left>&nbsp;	</TD>
	<TD align=left><FONT size=2 face="serif">Date:</FONT>	</TD>
    <TD align=left><FONT size=2 face="serif">January 20, 2009</FONT> </TD>
</TR>
<TR>
	<TD colspan=3>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD width="6%" align=left>&nbsp;	</TD>
	<TD align=left><FONT size=2 face="serif">By:</FONT>	</TD>
    <TD align=left><div style="border-bottom:1px solid #000000;width:30%;"><FONT size=2 face="serif">/s/ Neal J. Andrews</FONT></DIV></TD>
</TR>
<TR valign="bottom">
	<TD width="6%" align=left>&nbsp;	</TD>
	<TD align=left>&nbsp;</TD>
    <TD align=left><FONT size=2 face="serif">Neal J. Andrews</FONT></TD>
</TR>
<TR valign="bottom">
	<TD width="6%" align=left>&nbsp;	</TD>
	<TD align=left>&nbsp;</TD>
    <TD align=left><FONT size=2 face="serif">Chief Financial Officer (principal
    financial officer) of</FONT></TD>
</TR>
<TR valign="bottom">
	<TD width="6%" align=left>&nbsp;	</TD>
	<TD align=left>&nbsp;</TD>
    <TD align=left><FONT size=2 face="serif">BlackRock Income Trust, Inc.</FONT></TD>
</TR>
<TR>
	<TD colspan=3>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD width="6%" align=left>&nbsp;	</TD>
	<TD align=left><FONT size=2 face="serif">Date:</FONT>	</TD>
    <TD align=left><FONT size=2 face="serif">January 20, 2009</FONT></TD>
</TR>
</TABLE>
<BR>

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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.CERT
<SEQUENCE>2
<FILENAME>c56187_ex99-cert.htm
<TEXT>

<HTML>
<HEAD>
   <TITLE>c56187_ex99-cert.htm -- Converted by SEC Publisher, created by BCL Technologies Inc., for SEC Filing</TITLE>
</HEAD>

<BODY bgcolor="#ffffff">




<P align="left">
<B><FONT size=2 face="serif">EX-99. CERT </FONT></B><BR>
<B><FONT size=2 face="serif">CERTIFICATION PURSUANT TO RULE 30a-2(a) UNDER THE 1940 ACT AND SECTION 302 OF </FONT></B><BR>
<B><FONT size=2 face="serif">THE SARBANES-OXLEY ACT OF 2002 </FONT></B></P>
<div style="border-bottom:1px solid #000000"> </div>

<P align="left">
<FONT size=2 face="serif">I, Donald C. Burke, Chief Executive Officer (principal executive officer) of BlackRock Income Trust, Inc., certify that: </FONT></P>
<P align="left">
<FONT size=2 face="serif">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I have reviewed this report on Form N-Q of BlackRock Income Trust, Inc.; </FONT></P>
<P align="left">
<FONT size=2 face="serif">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the
statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;</FONT></P>
<P align="left">
<FONT size=2 face="serif">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant
as of the end of the fiscal quarter for which the report is filed; </FONT></P>
<P align="left">
<FONT size=2 face="serif">4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in
Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have: </FONT></P>
<P align="left" style="margin-left:5%">
<FONT size=2 face="serif">a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure
that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; </FONT></P>
<P align="left" style="margin-left:5%">
<FONT size=2 face="serif">b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our
supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; </FONT></P>
<P align="left" style="margin-left:5%">
<FONT size=2 face="serif">c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the
effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and </FONT></P>
<P align="left" style="margin-left:5%">
<FONT size=2 face="serif">d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent
fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and </FONT></P>
<P align="left">
<FONT size=2 face="serif">5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of
directors (or persons performing the equivalent functions): </FONT></P>
<P align="left" style="margin-left:5%">
<FONT size=2 face="serif">a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably
likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and </FONT></P>
<P align="left" style="margin-left:5%">
<FONT size=2 face="serif">b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over
financial reporting. </FONT></P>
<P align="left">
<FONT size=2 face="serif">Date: January 20, 2009</FONT></P>
<TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
<TR valign="bottom">
  <TD width=20% align=left style="border-bottom:1px solid #000000;"><FONT size=2 face="serif">/s/ Donald C. Burke</FONT> </TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD colspan="2" align=left>
<FONT size=2 face="serif">Donald C. Burke</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD colspan="2" align=left>
<FONT size=2 face="serif">Chief Executive Officer (principal executive officer) of</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD colspan="2" align=left>
<FONT size=2 face="serif">BlackRock Income Trust, Inc.</FONT>	</TD>
</TR>
</TABLE>
<BR>

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<P STYLE="page-break-before:always"></P><PAGE>


<P align="left">
<B><FONT size=2 face="serif">EX-99. CERT </FONT></B><BR>
<B><FONT size=2 face="serif">CERTIFICATION PURSUANT TO RULE 30a-2(a) UNDER THE 1940 ACT AND SECTION 302 OF </FONT></B><BR>
<B><FONT size=2 face="serif">THE SARBANES-OXLEY ACT OF 2002 </FONT></B></P>
<div style="border-bottom:1px solid #000000"> </div>

<P align="left">
<FONT size=2 face="serif">I, Neal J. Andrews, Chief Financial Officer (principal financial officer) of BlackRock Income Trust, Inc., certify that: </FONT></P>
<P align="left">
<FONT size=2 face="serif">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I have reviewed this report on Form N-Q of BlackRock Income Trust, Inc.; </FONT></P>
<P align="left">
<FONT size=2 face="serif">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the
statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;</FONT></P>
<P align="left">
<FONT size=2 face="serif">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant
as of the end of the fiscal quarter for which the report is filed; </FONT></P>
<P align="left">
<FONT size=2 face="serif">4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in
Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have: </FONT></P>
<P align="left" style="margin-left:5%">
<FONT size=2 face="serif">a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure
that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; </FONT></P>
<P align="left" style="margin-left:5%">
<FONT size=2 face="serif">b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our
supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; </FONT></P>
<P align="left" style="margin-left:5%">
<FONT size=2 face="serif">c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the
effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and </FONT></P>
<P align="left" style="margin-left:5%">
<FONT size=2 face="serif">d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent
fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and </FONT></P>
<P align="left">
<FONT size=2 face="serif">5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of
directors (or persons performing the equivalent functions): </FONT></P>
<P align="left" style="margin-left:5%">
<FONT size=2 face="serif">a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably
likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and </FONT></P>
<P align="left" style="margin-left:5%">
<FONT size=2 face="serif">b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over
financial reporting. </FONT></P>
<P align="left">
<FONT size=2 face="serif">Date: January 20, 2009</FONT></P>
<TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
<TR valign="bottom">
	<TD width=20% align=left style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">/s/ Neal J. Andrews</FONT>	</TD>
    <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD colspan="2" align=left><FONT size=2 face="serif">Neal J. Andrews</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD colspan="2" align=left>
<FONT size=2 face="serif">Chief Financial Officer (principal financial officer) of</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD colspan="2" align=left>
<FONT size=2 face="serif">BlackRock Income Trust, Inc.</FONT>	</TD>
</TR>
</TABLE>
<BR>

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