<SEC-DOCUMENT>0001287695-16-000621.txt : 20160329
<SEC-HEADER>0001287695-16-000621.hdr.sgml : 20160329
<ACCEPTANCE-DATETIME>20160329110415
ACCESSION NUMBER:		0001287695-16-000621
CONFORMED SUBMISSION TYPE:	NSAR-A
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20160131
FILED AS OF DATE:		20160329
DATE AS OF CHANGE:		20160329
EFFECTIVENESS DATE:		20160329

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BLACKROCK MUNIHOLDINGS QUALITY FUND II, INC.
		CENTRAL INDEX KEY:			0001071899
		IRS NUMBER:				223636347
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		NSAR-A
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-09191
		FILM NUMBER:		161534151

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

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

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BLACKROCK MUNIHOLDINGS INSURED FUND II, INC.
		DATE OF NAME CHANGE:	20080619

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MUNIHOLDINGS INSURED FUND II INC
		DATE OF NAME CHANGE:	19981009
</SEC-HEADER>
<DOCUMENT>
<TYPE>NSAR-A
<SEQUENCE>1
<FILENAME>mhqualii.fil
<TEXT>
<PAGE>      PAGE  1
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001 A000000 BLACKROCK MUNIHOLDINGS QUALITY FUND II, INC.
001 B000000 811-09191
001 C000000 8004417762
002 A000000 100 BELLEVUE PARKWAY
002 B000000 WILMINGTON
002 C000000 DE
002 D010000 19809
003  000000 N
004  000000 N
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008 A000001 BLACKROCK ADVISORS, LLC
008 B000001 A
008 C000001 801-47710
008 D010001 WILMINGTON
008 D020001 DE
008 D030001 19809
012 A000001 COMPUTERSHARE TRUST COMPANY, N.A. (COMMON)
012 B000001 85-11340
012 C010001 CANTON
012 C020001 MA
012 C030001 02021
012 A000002 THE BANK OF NEW YORK MELLON (PREFERRED)
012 B000002 85-05006
012 C010002 NEW YORK
012 C020002 NY
012 C030002 10289
013 A000001 DELOITTE & TOUCHE LLP
013 B010001 BOSTON
013 B020001 MA
013 B030001 02116
014 A000001 BLACKROCK EXECUTION SERVICES
014 B000001 8-48719
014 A000002 BLACKROCK INVESTMENTS, LLC
014 B000002 8-48436
014 A000003 HARRIS WILLIAMS LLC
014 B000003 8-53380
014 A000004 PNC CAPITAL MARKETS, INC.
014 B000004 8-32493
<PAGE>      PAGE  2
014 A000005 PNC INVESTMENTS LLC
014 B000005 8-66195
015 A000001 STATE STREET BANK & TRUST COMPANY
015 B000001 C
015 C010001 BOSTON
015 C020001 MA
015 C030001 02110
015 E010001 X
018  000000 Y
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019 B000000  281
019 C000000 BLKRKADVSR
020 A000001 BANK OF AMERICA CORP
020 B000001 56-0906609
020 C000001      2
021  000000        2
022 A000001 FFI INSTITUTIONAL TAX-EXEMPT FUND
022 B000001 22-2509978
022 C000001     27750
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022 A000002 JEFFERIES & COMPANY INC
022 B000002 95-2622900
022 C000002      8325
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022 A000003 CITIGROUP GLOBAL MARKETS INC
022 B000003 11-2418191
022 C000003     11779
022 D000003      4309
022 A000004 OPPENHEIMER + CO. INC.
022 B000004 13-2798343
022 C000004      3851
022 D000004      8204
022 A000005 BLACKROCK LIQUIDITY FUNDS:MUNICASH
022 B000005 52-0983343
022 C000005      5444
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022 A000006 BANK OF AMERICA CORP
022 B000006 56-0906609
022 C000006      5563
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022 A000007 PERSHING LLC
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022 C000007      3724
022 D000007      3906
022 A000008 BARCLAYS CAPITAL INC.
022 B000008 06-1031656
022 C000008      7135
022 D000008         0
022 A000009 MORGAN STANLEY
022 B000009 36-3145972
022 C000009      4820
<PAGE>      PAGE  3
022 D000009      1111
022 A000010 STIFEL NICOLAUS & CO INC
022 B000010 43-0538770
022 C000010      1325
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023 C000000      84115
023 D000000      76262
024  000000 N
026 A000000 N
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<PAGE>      PAGE  8
074 X000000     8589
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076  000000     7.94
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081 B000000   0
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083 B000000        0
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086 F010000      0
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087 A010000 COMMON STOCK
087 A020000 09254C107
087 A030000 MUE
087 B010000 PREFERRED STOCK
088 A000000 N
088 B000000 N
088 C000000 N
088 D000000 Y
SIGNATURE   NEAL J. ANDREWS
TITLE       CFO

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.77O RULE 10F-3
<SEQUENCE>2
<FILENAME>iltoll77o.txt
<TEXT>
<PAGE>

PARTICIPATING FUNDS

..  U.S. Registered Funds (Name of Fund, Aladdin Ticker):

   ISHARES NATIONAL AMT-FREE MUNI BOND ETF (ISHMUNI)
   BlackRock Strategic Municipal Opportunities Fund of BlackRock Series Trust
   (BR-SMO-MAC)
   BlackRock Municipal Income Investment Quality Trust (BAF)
   BlackRock National Municipal Fund of Blackrock Municipal Bond Fund, Inc.
   (BR-NATL)
   BlackRock Long-Term Municipal Advantage Trust (BTA)
   BlackRock Municipal Income Quality Trust (BYM)
   BlackRock MuniEnhanced Fund, Inc. (MEN)
   BlackRock MuniYield Quality Fund II, Inc. (MQT)
   BlackRock MuniYield Quality Fund, Inc. (MQY)
   BlackRock MuniHoldings Quality Fund II, Inc. (MUE)
   BlackRock MuniVest Fund, Inc. (MVF)
   BlackRock MuniYield Quality Fund III, Inc. (MYI)

THE OFFERING

KEY CHARACTERISTICS (COMPLETE ALL FIELDS)

-------------------------------------
Date of                   11-19-2015
Offering Commencement:
------------------------  -----------
Security Type:            BND/MUNI
-------------------------------------
-------------------------------------------------------------------------------
Issuer                       The Illinois State Toll Highway Authority-Toll
                             highway senior revenue bonds, 2015-B
---------------------------  --------------------------------------------------
Selling Underwriter          SAMUEL A. RAMIREZ & CO., INC
---------------------------  --------------------------------------------------
Affiliated Underwriter(s)    [X]  PNC Capital Markets LLC
                             [_]  Other:
---------------------------  --------------------------------------------------
List of Underwriter(s)       Barclays Capital Inc, Ramirez & Co., Inc., J.P.
                             Morgan Securities LLC, Goldman, Sachs & Co, Fifth
                             Third Securities, Inc., Oppenheimer & Co., Piper
                             Jaffray & Co., PNC Capital Markets LLC, Stifel,
                             Nicolaus & Company, Inc.
-------------------------------------------------------------------------------

TRANSACTION DETAILS

-------------------------------
Date of Purchase    11-19-2015
-------------------------------
-------------------------------------------------------------------------------
Purchase Price/Share      $112.243  Total Commission, Spread or Profit   0.2898
(PER SHARE / % OF PAR)       (3.54)
                          $111.795
                             (3.59)
                          $111.260
                             (3.65)
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
1. Aggregate Principal Amount Purchased (a+b)                       $42,000,000
---------------------------------------------------------------     -----------
    a. US Registered Funds
       (Appendix attached with individual Fund/Client
       purchase)                                                    $40,000,000
-------------------------------------------------------------------------------

                                  Page 1 of 2

<PAGE>

Rule 10f-3 Report - Definitions

-------------------------------------------------------------------------------
    b. Other BlackRock Clients                                     $  2,000,000
--------------------------------------------------------------     ------------
2. Aggregate Principal Amount of Offering                          $400,000,000
--------------------------------------------------------------     ------------
FUND RATIO
[Divide Sum of #1 by #2]
Must be less than 0.25                                                   0.1050
-------------------------------------------------------------------------------

LEGAL REQUIREMENTS

OFFERING TYPE (CHECK ONE)

The securities fall into one of the following transaction types (see
Definitions):

[_] U.S. Registered Public Offering. [Issuer must have 3 years of continuous
                                     operations]

[_] Eligible Rule 144A Offering..... [Issuer must have 3 years of continuous
                                     operations]

[X] Eligible Municipal Securities

[_] Eligible Foreign Offering....... [Issuer must have 3 years of continuous
                                     operations]

[_] Government Securities Offering.. [Issuer must have 3 years of continuous
                                     operations]

TIMING AND PRICE (CHECK ONE OR BOTH)

[X]The securities were purchased before the end of the first day on which any
   sales were made, at a price that was not more than the price paid by each
   other purchaser of securities in that offering or in any concurrent offering
   of the securities; and

[_]If the securities are offered for subscription upon exercise of rights, the
   securities were purchased on or before the fourth day before the day on
   which the rights offering terminated.

FIRM COMMITMENT OFFERING (CHECK ONE)

[X] YES  The securities were offered pursuant to an underwriting or similar
[_] NO   agreement under which the underwriters were committed to purchase all
         of the securities being offered, except those purchased by others
         pursuant to a rights offering, if the underwriters purchased any of
         the securities.

NO BENEFIT TO AFFILIATED UNDERWRITER (CHECK ONE)

[X] YES  No affiliated underwriter was a direct or indirect participant in, or
[_] NO   benefited directly or indirectly from, the transaction.

Completed by:  Dipankar Banerjee                              Date: 11-24-2015
               ---------------------------------------------
               Global Syndicate Team Member

Approved by:   Steven DeLaura                                 Date: 11-24-2015
               ---------------------------------------------
               Global Syndicate Team Member

<PAGE>

Rule 10f-3 Report - Definitions

DEFINITIONS

TERM                       DEFINITION
Fund Ratio                 Number appearing at the bottom of page 1 of 2 of
                           the Rule 10f-3 Report form. It is the sum of the
                           Funds' participation in the offering by the Funds
                           and other accounts managed by BlackRock divided by
                           the total amount of the offering.

Eligible Foreign Offering  The securities are sold in a public offering
                           conducted under the laws of a country other than
                           the United States and

                           (a)the offering is subject to regulation in such
                              country by a "foreign financial regulatory
                              authority," as defined in Section 2(a)(50) of
                              the Investment Company Act of 1940;

                           (b)the securities were offered at a fixed price to
                              all purchasers in the offering (except for any
                              rights to purchase securities that are required
                              by law to be granted to existing security
                              holders of the issuer);

                           (c)financial statements, prepared and audited as
                              required or permitted by the appropriate foreign
                              financial regulatory authority in such country,
                              for the two years prior to the offering, were
                              made available to the public and prospective
                              purchasers in connection with the offering; and

                           (d)if the issuer is a "domestic issuer," i.e.,
                              other than a foreign government, a national of
                              any foreign country, or a corporation or other
                              organization incorporated or organized under the
                              laws of any foreign country, it (1) has a class
                              of securities registered pursuant to section
                              12(b) or 12(g) of the Securities Exchange Act of
                              1934 or is required to file reports pursuant to
                              section 15(d) of that act, and (2) has filed all
                              the material required to be filed pursuant to
                              section 13(a) or 15(d) of that act for a period
                              of at least 12 months immediately preceding the
                              sale of securities (or for such shorter period
                              that the issuer was required to file such
                              material)

<PAGE>

Rule 10f-3 Report - Definitions

TERM                            DEFINITION
Eligible Municipal Securities   The securities:

                                (a)are direct obligations of, or obligations
                                   guaranteed as to principal or interest by,
                                   a State or any political subdivision
                                   thereof, or any agency or instrumentality
                                   of a State or any political subdivision
                                   thereof, or any municipal corporate
                                   instrumentality of one or more States, or
                                   any security which is an industrial
                                   development bond (as defined in section
                                   103(c)(2) of Title 26) the interest on
                                   which is excludable from gross income under
                                   certain provisions of the Internal Revenue
                                   Code;

                                (b)are sufficiently liquid that they can be
                                   sold at or near their carrying value within
                                   a reasonably short period of time; and

                                (c)either

                                    (1)are subject to no greater than moderate
                                       credit risk; or

                                    (2)if the issuer of the municipal
                                       securities, or the entity supplying the
                                       revenues or other payments from which
                                       the issue is to be paid, has been in
                                       continuous operation for less than
                                       three years, including the operation of
                                       any predecessors, the securities are
                                       subject to a minimal or low amount of
                                       credit risk.

                                Also, purchases of municipal securities may
                                not be designated as group sales or otherwise
                                allocated to the account of any prohibited
                                seller (i.e., an affiliated underwriter).

Eligible Rule 144A Offering     The securities are sold in an offering where

                                (a)the securities are offered or sold in
                                   transactions exempt from registration under
                                   Section 4(2) of the Securities Act of 1933,
                                   Rule 144A thereunder, or Rules 501-508
                                   thereunder;

                                (b)the securities were sold to persons that
                                   the seller and any person acting on behalf
                                   of the seller reasonably believe to include
                                   qualified institutional buyers, as defined
                                   in Rule 144A ("QIBs"); and

                                (c)the seller and any person acting on behalf
                                   of the seller reasonably believe that the
                                   securities are eligible for resale to other
                                   QIBs pursuant to Rule 144A.

Government Securities Offering  The security is issued or guaranteed as to
                                principal or interest by the United States, or
                                by a person controlled or supervised by and
                                acting as an instrumentality of the Government
                                of the United States pursuant to authority
                                granted by the Congress of the United States;
                                or any certificate of deposit for any of the
                                foregoing.

<PAGE>

Rule 10f-3 Report - Definitions

TERM                              DEFINITION
U.S. Registered Public Offering.  The securities offered are registered under
                                  the Securities Act of 1933 that are being
                                  offered to the public.
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.77O RULE 10F-3
<SEQUENCE>3
<FILENAME>paturn77o.txt
<TEXT>
<PAGE>

PARTICIPATING FUNDS

..  U.S. Registered Funds (Name of Fund, Aladdin Ticker):

   ISHARES NATIONAL AMT-FREE MUNI BOND ETF (ISHMUNI)
   BlackRock Muni Intermediate Duration Fund, Inc. (MUI)
   BlackRock Municipal Income Investment Quality Trust (BAF)
   BlackRock Municipal Income Investment Trust (BBF)
   BlackRock Municipal Bond Investment Trust (BIE)
   BlackRock MuniHoldings Investment Quality Fund (MFL)
   BlackRock MuniYield Investment Quality Fund (MFT)
   BlackRock MuniHoldings Quality Fund II, Inc. (MUE)
   BlackRock MuniHoldings Quality Fund, Inc. (MUS)
   BlackRock MuniYield Investment Fund (MYF)

THE OFFERING

KEY CHARACTERISTICS (COMPLETE ALL FIELDS)

-------------------------------------
Date of                   12-02-2015
Offering Commencement:
------------------------  -----------
Security Type:            BND/MUNI
-------------------------------------
-------------------------------------------------------------------------------
Issuer                       Pennsylvania Turnpike Commission Turnpike Senior
                             Revenue Bonds, Series B of 2015
---------------------------  --------------------------------------------------
Selling Underwriter          RBC Capital Markets
---------------------------  --------------------------------------------------
Affiliated Underwriter(s)    [X] PNC Capital Markets LLC
                             [_] Other:
---------------------------  --------------------------------------------------
List of Underwriter(s)       RBC Capital Markets, Janney Montgomery Scott LLC,
                             Siebert Brandford Shank & Co., Boenning &
                             Scattergood, Inc., PNC Capital Markets LLC, Wells
                             Fargo Securities
-------------------------------------------------------------------------------

TRANSACTION DETAILS

-------------------------------
Date of Purchase    12-02-2015
-------------------------------
-------------------------------------------------------------------------------
Purchase Price/Share      $115.333  Total Commission, Spread or Profit    0.389
(PER SHARE / % OF PAR)       (3.19)
                          $111.625
                             (3.60)
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
1. Aggregate Principal Amount Purchased (a+b)                      $ 12,205,000
--------------------------------------------------------------     ------------
    a. US Registered Funds
       (Appendix attached with individual Fund/Client
       purchase)                                                   $  9,790,000
--------------------------------------------------------------     ------------
    b. Other BlackRock Clients                                     $  2,415,000
--------------------------------------------------------------     ------------
2. Aggregate Principal Amount of Offering                          $304,005,000
--------------------------------------------------------------     ------------

                                  Page 1 of 2

<PAGE>

Rule 10f-3 Report - Definitions

-------------------------------------------------------------------------------
FUND RATIO
[Divide Sum of #1 by #2]
Must be less than 0.25                                                  0.04015
-------------------------------------------------------------------------------

LEGAL REQUIREMENTS

OFFERING TYPE (CHECK ONE)

The securities fall into one of the following transaction types (see
Definitions):

[_] U.S. Registered
    Public Offering....... [Issuer must have 3 years of continuous operations]

[_] Eligible Rule 144A
    Offering.............. [Issuer must have 3 years of continuous operations]

[X] Eligible Municipal
    Securities

[_] Eligible Foreign
    Offering.............. [Issuer must have 3 years of continuous operations]

[_] Government Securities
    Offering.............. [Issuer must have 3 years of continuous operations]

TIMING AND PRICE (CHECK ONE OR BOTH)

[X]The securities were purchased before the end of the first day on which any
   sales were made, at a price that was not more than the price paid by each
   other purchaser of securities in that offering or in any concurrent offering
   of the securities; and

[_]If the securities are offered for subscription upon exercise of rights, the
   securities were purchased on or before the fourth day before the day on
   which the rights offering terminated.

FIRM COMMITMENT OFFERING (CHECK ONE)

[X]YES  The securities were offered pursuant to an underwriting or similar
[_]NO   agreement under which the underwriters were committed to purchase all
        of the securities being offered, except those purchased by others
        pursuant to a rights offering, if the underwriters purchased any of
        the securities.

NO BENEFIT TO AFFILIATED UNDERWRITER (CHECK ONE)

[X]YES  No affiliated underwriter was a direct or indirect participant in, or
[_]NO   benefited directly or indirectly from, the transaction.

Completed by:  Dipankar Banerjee                              Date: 12-23-2015
               ---------------------------------------------
               Global Syndicate Team Member

Approved by:   Betsy Mathews, Steven DeLaura                  Date: 12-23-2015
               ---------------------------------------------
               Global Syndicate Team Member

<PAGE>

Rule 10f-3 Report - Definitions

DEFINITIONS

TERM                       DEFINITION
Fund Ratio                 Number appearing at the bottom of page 1 of 2 of
                           the Rule 10f-3 Report form. It is the sum of the
                           Funds' participation in the offering by the Funds
                           and other accounts managed by BlackRock divided by
                           the total amount of the offering.

Eligible Foreign Offering  The securities are sold in a public offering
                           conducted under the laws of a country other than
                           the United States and

                           (a)the offering is subject to regulation in such
                              country by a "foreign financial regulatory
                              authority," as defined in Section 2(a)(50) of
                              the Investment Company Act of 1940;

                           (b)the securities were offered at a fixed price to
                              all purchasers in the offering (except for any
                              rights to purchase securities that are required
                              by law to be granted to existing security
                              holders of the issuer);

                           (c)financial statements, prepared and audited as
                              required or permitted by the appropriate foreign
                              financial regulatory authority in such country,
                              for the two years prior to the offering, were
                              made available to the public and prospective
                              purchasers in connection with the offering; and

                           (d)if the issuer is a "domestic issuer," i.e.,
                              other than a foreign government, a national of
                              any foreign country, or a corporation or other
                              organization incorporated or organized under the
                              laws of any foreign country, it (1) has a class
                              of securities registered pursuant to section
                              12(b) or 12(g) of the Securities Exchange Act of
                              1934 or is required to file reports pursuant to
                              section 15(d) of that act, and (2) has filed all
                              the material required to be filed pursuant to
                              section 13(a) or 15(d) of that act for a period
                              of at least 12 months immediately preceding the
                              sale of securities (or for such shorter period
                              that the issuer was required to file such
                              material)

<PAGE>

Rule 10f-3 Report - Definitions

TERM                            DEFINITION
Eligible Municipal Securities   The securities:

                                (a)are direct obligations of, or obligations
                                   guaranteed as to principal or interest by,
                                   a State or any political subdivision
                                   thereof, or any agency or instrumentality
                                   of a State or any political subdivision
                                   thereof, or any municipal corporate
                                   instrumentality of one or more States, or
                                   any security which is an industrial
                                   development bond (as defined in section
                                   103(c)(2) of Title 26) the interest on
                                   which is excludable from gross income under
                                   certain provisions of the Internal Revenue
                                   Code;

                                (b)are sufficiently liquid that they can be
                                   sold at or near their carrying value within
                                   a reasonably short period of time; and

                                (c)either

                                    (1)are subject to no greater than moderate
                                       credit risk; or

                                    (2)if the issuer of the municipal
                                       securities, or the entity supplying the
                                       revenues or other payments from which
                                       the issue is to be paid, has been in
                                       continuous operation for less than
                                       three years, including the operation of
                                       any predecessors, the securities are
                                       subject to a minimal or low amount of
                                       credit risk.

                                Also, purchases of municipal securities may
                                not be designated as group sales or otherwise
                                allocated to the account of any prohibited
                                seller (i.e., an affiliated underwriter).

Eligible Rule 144A Offering     The securities are sold in an offering where

                                (a)the securities are offered or sold in
                                   transactions exempt from registration under
                                   Section 4(2) of the Securities Act of 1933,
                                   Rule 144A thereunder, or Rules 501-508
                                   thereunder;

                                (b)the securities were sold to persons that
                                   the seller and any person acting on behalf
                                   of the seller reasonably believe to include
                                   qualified institutional buyers, as defined
                                   in Rule 144A ("QIBs"); and

                                (c)the seller and any person acting on behalf
                                   of the seller reasonably believe that the
                                   securities are eligible for resale to other
                                   QIBs pursuant to Rule 144A.

Government Securities Offering  The security is issued or guaranteed as to
                                principal or interest by the United States, or
                                by a person controlled or supervised by and
                                acting as an instrumentality of the Government
                                of the United States pursuant to authority
                                granted by the Congress of the United States;
                                or any certificate of deposit for any of the
                                foregoing.

<PAGE>

Rule 10f-3 Report - Definitions

TERM                              DEFINITION
U.S. Registered Public Offering.  The securities offered are registered under
                                  the Securities Act of 1933 that are being
                                  offered to the public.
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
