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<SEC-DOCUMENT>0000930413-07-007631.txt : 20070924
<SEC-HEADER>0000930413-07-007631.hdr.sgml : 20070924
<ACCEPTANCE-DATETIME>20070924123044
ACCESSION NUMBER:		0000930413-07-007631
CONFORMED SUBMISSION TYPE:	N-Q
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20070731
FILED AS OF DATE:		20070924
DATE AS OF CHANGE:		20070924
EFFECTIVENESS DATE:		20070924

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BLACKROCK INVESTMENT QUALITY MUNICIPAL TRUST INC
		CENTRAL INDEX KEY:			0000894242
		IRS NUMBER:				133690436
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		N-Q
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-07354
		FILM NUMBER:		071130980

	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
</SEC-HEADER>
<DOCUMENT>
<TYPE>N-Q
<SEQUENCE>1
<FILENAME>c50327_nq.htm
<TEXT>

<HTML>
<HEAD>
   <TITLE>c50327_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 <br>
SECURITIES AND EXCHANGE COMMISSION<br>
</FONT><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 <br>
MANAGEMENT INVESTMENT COMPANY </FONT></B></P>
<P align="left">
<FONT size=2 face="serif">Investment Company Act file number 811-07354 </FONT></P>
<P align="left">
<FONT size=2 face="serif">Name of Fund: BlackRock Investment Quality Municipal Trust, Inc. </FONT></P>
<P align="left">
<FONT size=2 face="serif">Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809 </FONT></P>


<P align="left" style="margin-left:40px;text-indent:-40px"><FONT size=2 face="serif">Name
    and address of agent for service: Robert S. Kapito, President, BlackRock
    Investment Quality Municipal Trust, Inc., <br>40 East 52</FONT><SUP><FONT size=2 face="serif">nd</FONT></SUP><FONT size=2 face="serif"> Street,
    New  York, NY 10022. </FONT></P>
<P align="left">
<FONT size=2 face="serif">Registrant&#146;s telephone number, including area code: (888) 825-2257 </FONT></P>
<P align="left"><FONT size=2 face="serif">Date of fiscal year end: 10/31/2007
    </FONT></P>
<P align="left"><FONT size=2 face="serif">Date of reporting period: 05/01/2007 &#150; 07/31/2007 </FONT></P>
<HR noshade align="center" width="100%" size=4>
<P align="left" style="page-break-before:always"></P><PAGE>

<P align="left"><FONT size=2 face="serif">Item 1 &#150; Schedule of Investments</FONT></P>




<P align="left">
<B><FONT face="serif">PORTFOLIO OF INVESTMENTS (unaudited) <br>
JULY 31, 2007 </FONT></B><B><FONT face="serif"><br>
BlackRock Investment Quality Municipal Trust (BKN)<br>
</FONT></B><B><FONT size=2 face="serif">(Percentages shown are based on Net Assets)
</FONT></B></P>
<TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
<TR align="center" valign="bottom">
	<TD colspan="2">
<B><FONT size=2 face="serif">Principal</FONT></B>
	</TD>
	<TD width="3%">&nbsp;
	</TD>
	<TD width="66%">&nbsp;

	</TD>
	<TD width="7%">&nbsp;
	</TD>
	<TD width="1%">&nbsp;

	</TD>
	<TD width="8%">&nbsp;

	</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR align="center" valign="bottom">
	<TD colspan="2">
<B><FONT size=2 face="serif">Amount</FONT></B>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD>&nbsp;

	</TD>
	<TD>&nbsp;

	</TD>
    <TD>&nbsp;</TD>
</TR>
<TR align="center" valign="bottom">
	<TD colspan="2" style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="serif">(000)</FONT></B>
</TD>
	<TD style="border-bottom:1px solid #000000;">&nbsp;
	</TD>
	<TD style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="serif">Description</FONT></B>
	</TD>
	<TD style="border-bottom:1px solid #000000;">&nbsp;
	</TD>
	<TD colspan="2" style="border-bottom:1px solid #000000;">
 &nbsp;<B><FONT size=2 face="serif">Value</FONT></B>
	</TD>
	<TD style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width="10%" align=left>&nbsp;

	</TD>
	<TD width="4%" align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
<B><FONT size=2 face="serif">LONG-TERM INVESTMENTS&#151;154.3%</FONT></B>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
    <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
<B><FONT size=2 face="serif">Alabama&#151;7.1%</FONT></B>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
    <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
<FONT size=2 face="serif">Birmingham Spl. Care Facs. Fing. Auth., Hlth., Hosp. &amp; Nursing
Home RB, Ascension Hlth. Proj.,</FONT>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
    <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=right>
<FONT size=2 face="serif">&#36;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,765</FONT>
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
 &nbsp; &nbsp;<FONT size=2 face="serif">Ser. C-2, 5.00%, 11/15/36</FONT>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
<FONT size=2 face="serif">&#36;</FONT>
	</TD>
	<TD align=right>
<FONT size=2 face="serif">1,772,678</FONT>
	</TD>
    <TD align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=right>
<FONT size=2 face="serif">1,265</FONT>
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
 &nbsp; &nbsp;<FONT size=2 face="serif">Ser. C-2, 5.00%, 11/15/39</FONT>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=right>
<FONT size=2 face="serif">1,268,630</FONT>
	</TD>
    <TD align=right>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=right><FONT size=2 face="serif">14,000</FONT><SUP></SUP> </TD>
  <TD align=left><sup><font size=2 face="serif">1</font></sup> </TD>
  <TD>&nbsp;</TD>
  <TD align=left><FONT size=2 face="serif">Univ. of Alabama Hosp., Hlth., Hosp. &amp; Nursing
      Home Impvts. RB, Ser. A,</FONT> <font size=2 face="serif">5.875%, 9/01/10,
      MBIA</font> </TD>
	<TD>&nbsp;
	</TD>
	<TD align=left style="border-bottom:1px solid #000000;">&nbsp;

	</TD>
	<TD align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">14,958,860</FONT>
	</TD>
    <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left style="border-bottom:1px solid #000000;">&nbsp;

	</TD>
	<TD align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">18,000,168</FONT>
	</TD>
    <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
<B><FONT size=2 face="serif">Arizona&#151;0.8%</FONT></B>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
    <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
<FONT size=2 face="serif">San Luis Fac. Dev. Corp., Correctional Fac. Impvts.
Misc. RB, Regl. Detention Ctr. Proj.,</font>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
    <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=right>
<FONT size=2 face="serif">490</FONT>
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
 &nbsp; &nbsp;<FONT size=2 face="serif">6.25%, 5/01/15</FONT>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=right>
<FONT size=2 face="serif">490,446</FONT>
	</TD>
    <TD align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=right>
<FONT size=2 face="serif">490</FONT>
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
 &nbsp; &nbsp;<FONT size=2 face="serif">7.00%, 5/01/20</FONT>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=right>
<FONT size=2 face="serif">489,887</FONT>
	</TD>
    <TD align=right>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=right>
<FONT size=2 face="serif">980</FONT>
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
 &nbsp; &nbsp;<FONT size=2 face="serif">7.25%, 5/01/27</FONT>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left style="border-bottom:1px solid #000000;">&nbsp;

	</TD>
	<TD align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">985,821</FONT>
	</TD>
    <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left style="border-bottom:1px solid #000000;">&nbsp;

	</TD>
	<TD align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">1,966,154</FONT>
	</TD>
    <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
<B><FONT size=2 face="serif">California&#151;24.8%</FONT></B>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
    <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
<FONT size=2 face="serif">California,</FONT>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
    <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=right>
<FONT size=2 face="serif">5,800</FONT>
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
 &nbsp; &nbsp;<FONT size=2 face="serif">GO, 5.00%, 2/01/32</FONT>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=right>
<FONT size=2 face="serif">5,917,102</FONT>
	</TD>
    <TD align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=right>
<FONT size=2 face="serif">3,485</FONT>
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
 &nbsp; &nbsp;<FONT size=2 face="serif">GO, 5.00%, 6/01/34</FONT>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=right>
<FONT size=2 face="serif">3,565,504</FONT>
	</TD>
    <TD align=right>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=right>
<FONT size=2 face="serif">1,595</FONT><SUP></SUP>
	</TD>
	<TD align=left><sup><font size=2 face="serif">1</font></sup>

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
 &nbsp; &nbsp;<FONT size=2 face="serif">GO, 5.625%, 5/01/10</FONT>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=right>
<FONT size=2 face="serif">1,689,759</FONT>
	</TD>
    <TD align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=right>
<FONT size=2 face="serif">290</FONT>
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
 &nbsp; &nbsp;<FONT size=2 face="serif">GO, 5.625%, 5/01/18</FONT>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=right>
<FONT size=2 face="serif">303,810</FONT>
	</TD>
    <TD align=right>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=right>
<FONT size=2 face="serif">4,545</FONT>
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left> &nbsp; &nbsp;<FONT size=2 face="serif">Misc. Taxes GO, 5.00%, 6/01/32 </FONT>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=right>
<FONT size=2 face="serif">4,682,168</FONT>
	</TD>
    <TD align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=right>
<FONT size=2 face="serif">10,000</FONT>
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
 &nbsp; &nbsp;<FONT size=2 face="serif">Pub. Impvts. Ad Valorem Ppty. Tax GO,</FONT>
 <font size=2 face="serif">5.00%, 3/01/33, CIFG</font>	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=right><font size=2 face="serif">10,317,900</font>

	</TD>
    <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
<FONT size=2 face="serif">Cnty. Tobacco Sec. Agcy., Tobacco Settlement Funded
RB,</FONT>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
    <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=right>
<FONT size=2 face="serif">1,340</FONT>
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
 &nbsp; &nbsp;<FONT size=2 face="serif">Ser. B, Zero Coupon, 6/01/46</FONT>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=right>
<FONT size=2 face="serif">138,315</FONT>
	</TD>
    <TD align=right>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=right>
<FONT size=2 face="serif">7,090</FONT>
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
 &nbsp; &nbsp;<FONT size=2 face="serif">Ser. C, Zero Coupon, 6/01/55</FONT>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=right>
<FONT size=2 face="serif">365,135</FONT>
	</TD>
    <TD align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=right><font size=2 face="serif">9,060</font>

	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
 &nbsp; &nbsp;<FONT size=2 face="serif">Stanislaus Cnty. Proj., Ser. D, Zero Coupon,
 6/01/55</FONT>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=right>
<FONT size=2 face="serif">310,486</FONT>
	</TD>
    <TD align=right>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
<FONT size=2 face="serif">Foothill Eastn. Transp. Corridor Agcy.,</FONT>
<font size=2 face="serif">Hwy. Tolls RB,</font>	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
    <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=right>
<FONT size=2 face="serif">3,495</FONT>
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left> &nbsp; &nbsp;<FONT size=2 face="serif">5.75%, 1/15/40</FONT>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=right>
<FONT size=2 face="serif">3,624,105</FONT>
	</TD>
    <TD align=right>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=right><font size=2 face="serif">7,000</font>

	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
 &nbsp; &nbsp;<FONT size=2 face="serif">Conv. Cap. Apprec. Proj., Zero Coupon,1/15/28</FONT>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=right>
<FONT size=2 face="serif">6,535,900</FONT>
	</TD>
    <TD align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=right>
<FONT size=2 face="serif">805</FONT>
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
<FONT size=2 face="serif">Golden St. Tobacco Sec. Corp., Misc. RB,</FONT>
<font size=2 face="serif">Ser. A-1, 5.125%, 6/01/47</font>	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=right><font size=2 face="serif">750,260</font>

	</TD>
    <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=right>
<FONT size=2 face="serif">10,945</FONT><SUP></SUP>
	</TD>
	<TD align=left><sup><font size=2 face="serif">1</font></sup>

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
<FONT size=2 face="serif">Los Altos Sch. Dist., Sch. Impvts. Ad</FONT>
<font size=2 face="serif">Valorem Ppty. Tax GO, Zero Coupon, 8/01/13, MBIA</font>	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=right><font size=2 face="serif">4,620,322</font>

	</TD>
    <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=right>
<FONT size=2 face="serif">15,460</FONT>
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
<FONT size=2 face="serif">Los Angeles Cnty. Cap. Asset Leasing</FONT>
<font size=2 face="serif">Corp., Lease Abatement RB, 3.80%,</font>	<font size=2 face="serif">12/01/07,
AMBAC</font></TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=right><font size=2 face="serif">15,572,858</font>

	</TD>
    <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=right><FONT size=2 face="serif">4,185</FONT> </TD>
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left><FONT size=2 face="serif">Univ. of California, Univ. &amp; Coll.
      Impvts.</FONT> <font size=2 face="serif">RB, Ser. B, 4.75%, 5/15/38</font> </TD>
	<TD>&nbsp;
	</TD>
	<TD align=left style="border-bottom:1px solid #000000;">&nbsp;

	</TD>
	<TD align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">4,177,969</FONT>
	</TD>
    <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left style="border-bottom:1px solid #000000;">&nbsp;

	</TD>
	<TD align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">62,571,593</FONT>
	</TD>
    <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
<B><FONT size=2 face="serif">Colorado&#151;0.8%</FONT></B>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
    <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=right>
<FONT size=2 face="serif">1,030</FONT>
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
<FONT size=2 face="serif">City of Colorado Springs, Mult. Util.</FONT>
<font size=2 face="serif">Impvts. RB, Ser. C, 5.00%, 11/15/45, FSA</font>	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=right><font size=2 face="serif">1,058,768</font>

	</TD>
    <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=right><FONT size=2 face="serif">1,020</FONT> </TD>
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left><FONT size=2 face="serif">Pk. Creek Met. Dist., Ppty. Tax Misc.
      RB,</FONT> <font size=2 face="serif">5.50%, 12/01/37</font> </TD>
	<TD>&nbsp;
	</TD>
	<TD align=left style="border-bottom:1px solid #000000;">&nbsp;

	</TD>
	<TD align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">1,059,861</FONT>
	</TD>
    <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left style="border-bottom:1px solid #000000;">&nbsp;

	</TD>
	<TD align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">2,118,629</FONT>
	</TD>
    <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
<B><FONT size=2 face="serif">Connecticut&#151;1.2%</FONT></B>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
    <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=right><FONT size=2 face="serif">3,000</FONT><SUP></SUP> </TD>
  <TD align=left><sup><font size=2 face="serif">2</font></sup> </TD>
	<TD>&nbsp;
	</TD>
	<TD align=left> <font size=2 face="serif">Mashantucket Western Pequot Tribe Casino </font><FONT size=2 face="serif">RB, Ser. A, 5.50%, 9/01/28</FONT>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left style="border-bottom:1px solid #000000;">&nbsp;

	</TD>
	<TD align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">3,027,090</FONT>
	</TD>
    <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
<B><FONT size=2 face="serif">District of Columbia&#151;2.3%</FONT></B>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
    <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=right><FONT size=2 face="serif">4,960</FONT> </TD>
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left><FONT size=2 face="serif">Tobacco Settlement Fing. Corp., Tobacco
      Settlement Funded RB, 6.50%, 5/15/33 </FONT> </TD>
	<TD>&nbsp;
	</TD>
	<TD align=left style="border-bottom:1px solid #000000;">&nbsp;

	</TD>
	<TD align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">5,727,114</FONT>
	</TD>
    <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>

<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
<B><FONT size=2 face="serif">Florida&#151;18.2%</FONT></B>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
    <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
<FONT size=2 face="serif">Cnty. of Miami-Dade, Recreational Fac. Impvts. Misc.
SO,</FONT>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
    <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=right>
<FONT size=2 face="serif">3,380</FONT>
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left> &nbsp; &nbsp;<FONT size=2 face="serif">Ser. A, Zero Coupon, 10/01/31, MBIA</FONT>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;
</TD>
	<TD align=right>
<FONT size=2 face="serif">997,134</FONT>
	</TD>
    <TD align=right>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=right>
<FONT size=2 face="serif">4,225</FONT>
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
 &nbsp; &nbsp;<FONT size=2 face="serif">Ser. A, Zero Coupon, 10/01/32, MBIA</FONT>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=right>
<FONT size=2 face="serif">1,182,197</FONT>
	</TD>
    <TD align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=right>
<FONT size=2 face="serif">4,000</FONT>
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
 &nbsp; &nbsp;<FONT size=2 face="serif">Ser. A, Zero Coupon, 10/01/33, MBIA</FONT>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=right>
<FONT size=2 face="serif">1,057,160</FONT>
	</TD>
    <TD align=right>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=right>
<FONT size=2 face="serif">4,580</FONT>
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
 &nbsp; &nbsp;<FONT size=2 face="serif">Ser. A, Zero Coupon, 10/01/34, MBIA</FONT>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=right>
<FONT size=2 face="serif">1,149,763</FONT>
	</TD>
    <TD align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=right>
<FONT size=2 face="serif">5,000</FONT>
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
 &nbsp; &nbsp;<FONT size=2 face="serif">Ser. A, Zero Coupon, 10/01/35, MBIA</FONT>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=right>
<FONT size=2 face="serif">1,191,850</FONT>
	</TD>
    <TD align=right>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=right>
<FONT size=2 face="serif">10,000</FONT>
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
 &nbsp; &nbsp;<FONT size=2 face="serif">Ser. A, Zero Coupon, 10/01/36, MBIA</FONT>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=right>
<FONT size=2 face="serif">2,253,900</FONT>
	</TD>
    <TD align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=right>
<FONT size=2 face="serif">10,000</FONT>
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
 &nbsp; &nbsp;<FONT size=2 face="serif">Ser. A, Zero Coupon, 10/01/37, MBIA</FONT>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=right>
<FONT size=2 face="serif">2,136,000</FONT>
	</TD>
    <TD align=right>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=right><FONT size=2 face="serif">7,895</FONT> </TD>
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left><FONT size=2 face="serif">Cnty. of Orange, Sales Tax RB, 4.75%,</FONT> <font size=2 face="serif">10/01/32,
      XLCA</font> </TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=right>
<FONT size=2 face="serif">7,902,105</FONT>
	</TD>
    <TD align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=right><FONT size=2 face="serif">2,050</FONT> </TD>
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left><FONT size=2 face="serif">Fishhawk Cmnty. Dev. Dist. II, Pub.
      Impvts.</FONT> <font size=2 face="serif">TA, Ser. A, 6.125%, 5/01/34</font> </TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=right>
<FONT size=2 face="serif">2,139,995</FONT>
	</TD>
    <TD align=right>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=right><FONT size=2 face="serif">2,415</FONT> </TD>
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left><FONT size=2 face="serif">Halifax Hosp. Med. Ctr., Hlth., Hosp. &amp; Nursing
      Home RB, Ser. A, 5.00%, 6/01/38</FONT> </TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=right>
<FONT size=2 face="serif">2,341,029</FONT>
	</TD>
    <TD align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=right><FONT size=2 face="serif">3,700</FONT> </TD>
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left><FONT size=2 face="serif">Hillsborough Cnty., Indl. Dev. Auth.
      RB, Nat. Gypsum Proj., Ser. A, 7.125%,</FONT> <font size=2 face="serif">4/01/30</font> </TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=right>
<FONT size=2 face="serif">3,940,426</FONT>
	</TD>
    <TD align=right>&nbsp;</TD>
</TR>
<TR valign="top" bgcolor="#E6E6E6">
  <TD align=right><FONT size=2 face="serif">1,690</FONT> </TD>
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left><FONT size=2 face="serif">Jacksonville Hlth. Facs. Auth., Hlth.,
      Hosp.</FONT> <font size=2 face="serif">&amp; Nursing Home Impvts. RB, Baptist
      Med. Ctr. Proj., <br>
 &nbsp; &nbsp;Ser. A, 5.00%, 8/15/37</font> </TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=right valign="bottom">
<FONT size=2 face="serif">1,676,970</FONT>
	</TD>
    <TD align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=right valign="top"><FONT size=2 face="serif">4,755</FONT> </TD>
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left><FONT size=2 face="serif">Miami Beach Hlth. Facs. Auth., Hlth.,
      Hosp.</FONT> <font size=2 face="serif">&amp; Nursing Home Impvts. RB, Mt.
      Sinai Med. Ctr. Proj.,<br>
 &nbsp; &nbsp;6.75%, 11/15/21</font> </TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=right>
<FONT size=2 face="serif">5,272,915</FONT>
	</TD>
    <TD align=right>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=right><FONT size=2 face="serif">3,770</FONT> </TD>
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left><FONT size=2 face="serif">Sumter Landing Cmnty. Dev. Dist.,
      Retirement Facs. Misc. RB, Ser. B, 5.70%, 10/01/38</FONT> </TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=right>
<FONT size=2 face="serif">3,791,640</FONT>
	</TD>
    <TD align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=right><FONT size=2 face="serif">8,700</FONT> </TD>
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left><FONT size=2 face="serif">Vlg. Cmnty. Dev. Dist. No. 6, Pub.
      Impvts. SA, 5.625%, 5/01/22</FONT> </TD>
	<TD>&nbsp;
	</TD>
	<TD align=left style="border-bottom:1px solid #000000;">&nbsp;

	</TD>
	<TD align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">8,889,660</FONT>
	</TD>
    <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left style="border-bottom:1px solid #000000;">&nbsp;

	</TD>
	<TD align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">45,922,744</FONT>
	</TD>
    <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
<B><FONT size=2 face="serif">Georgia&#151;3.0%</FONT></B>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
    <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
<FONT size=2 face="serif">City of Atlanta,</FONT>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
    <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=right><FONT size=2 face="serif">1,760</FONT> </TD>
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left>&nbsp; &nbsp;<FONT size=2 face="serif">Port, Arpt. &amp; Marina
      Impvts. RB, Ser. J, 5.00%, 1/01/34, FSA</FONT> </TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=right>
<FONT size=2 face="serif">1,809,315</FONT>
	</TD>
    <TD align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=right><FONT size=2 face="serif">4,000</FONT> </TD>
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left>&nbsp; &nbsp;<FONT size=2 face="serif">Wtr. &amp; Wstwtr., Wtr.
      Util. Impvts. RB, 5.00%, 11/01/34, FSA</FONT> </TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=right>
<FONT size=2 face="serif">4,132,280</FONT>
	</TD>
    <TD align=right>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=right valign="top"><FONT size=2 face="serif">1,500</FONT><SUP></SUP> </TD>
  <TD align=left valign="top"><sup><font size=2 face="serif">1</font></sup> </TD>
  <TD>&nbsp;</TD>
  <TD colspan="2" align=left valign="bottom"><FONT size=2 face="serif">Milledgeville &amp; Baldwin Cnty.
      Dev. Auth.,</FONT> <font size=2 face="serif">Univ. &amp; Coll. Impvts.
      RB, Georgia Coll. &amp; St. Univ. Fndtn. Proj.,<br>
	   &nbsp; &nbsp;6.00%, 9/01/14</font>	</TD>
	<TD align=left style="border-bottom:1px solid #000000;">&nbsp;

	</TD>
	<TD align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">1,701,390</FONT>
	</TD>
    <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left style="border-bottom:1px solid #000000;">&nbsp;

	</TD>
	<TD align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">7,642,985</FONT>
	</TD>
    <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
<B><FONT size=2 face="serif">Hawaii&#151;1.0%</FONT></B>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
    <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=right><FONT size=2 face="serif">2,500</FONT> </TD>
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD colspan="2" align=left><FONT size=2 face="serif">Dept. of Budget &amp; Fin., Elec.,
      Pwr. &amp; Lt.</FONT> <font size=2 face="serif">RB, Hawaiian Elec. Co.,
      Inc. Proj., Ser.</font> <font size=2 face="serif">D, 6.15%, 1/01/20, AMBAC</font>	</TD>
	<TD align=left style="border-bottom:1px solid #000000;">&nbsp;

	</TD>
	<TD align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">2,590,400</FONT>
	</TD>
    <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
<B><FONT size=2 face="serif">Illinois&#151;13.4%</FONT></B>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
    <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=right><FONT size=2 face="serif">1,920</FONT><SUP></SUP> </TD>
  <TD align=left><sup><font size=2 face="serif">2</font></sup> </TD>
  <TD>&nbsp;</TD>
  <TD align=left><FONT size=2 face="serif">Centerpoint Intermodal Ctr. Prog.
      Trust TA, Ser. A, 8.00%, 6/15/23, AMT</FONT> </TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=right>
<FONT size=2 face="serif">1,934,669</FONT>
	</TD>
    <TD align=right>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=right><FONT size=2 face="serif">3,210</FONT> </TD>
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left><FONT size=2 face="serif">Chicago Hsg. Auth., Local or Gtd.
      Hsg. RB,</FONT> <font size=2 face="serif">5.00%, 7/01/24, FSA</font> </TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=right>
<FONT size=2 face="serif">3,338,657</FONT>
	</TD>
    <TD align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=right><FONT size=2 face="serif">3,540</FONT> </TD>
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left><FONT size=2 face="serif">Chicago O&#146;Hare Intl. Arpt., Port,
      Arpt. &amp; Marina RB, Ser. C-2, 5.25%, 1/01/30,</FONT> <font size=2 face="serif">FSA</font> </TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=right>
<FONT size=2 face="serif">3,658,519</FONT>
	</TD>
    <TD align=right>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=right><FONT size=2 face="serif">5,000</FONT><SUP></SUP> </TD>
  <TD align=left><sup><font size=2 face="serif">3</font></sup> </TD>
  <TD>&nbsp;</TD>
  <TD colspan="2" align=left><FONT size=2 face="serif">Chicago Pub. Bldg. Comm. Bldg., Sch.</FONT> <font size=2 face="serif">Impvts.
      Ad Valorem Ppty. Tax RB, Ser. A, 7.00%, 1/01/20, MBIA</font>	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=right>
<FONT size=2 face="serif">6,217,800</FONT>
	</TD>
    <TD align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
<FONT size=2 face="serif">Fin. Auth.,</FONT>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
    <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=right><FONT size=2 face="serif">690</FONT> </TD>
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left>&nbsp; &nbsp;<FONT size=2 face="serif">Hlth., Hosp. &amp; Nursing
      Home RB,</FONT> <font size=2 face="serif">Friendship Vlg. Schaumburg Proj.,
      Ser. A,</font> <font size=2 face="serif">5.625%, 2/15/37</font></TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=right>
<FONT size=2 face="serif">698,639</FONT>
	</TD>
    <TD align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=right><FONT size=2 face="serif">5,800</FONT> </TD>
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left>&nbsp; &nbsp;<FONT size=2 face="serif">Hlth., Hosp. &amp; Nursing
      Home RB, Northwestern Mem. Hosp. Proj., Ser. A,</FONT> <font size=2 face="serif">5.50%,
      8/15/43</font> </TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=right>
<FONT size=2 face="serif">6,203,738</FONT>
	</TD>
    <TD align=right>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=right><FONT size=2 face="serif">875</FONT> </TD>
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left>&nbsp; &nbsp;<FONT size=2 face="serif">Univ. &amp; Coll. Impvts.
      RB, MJH Ed. Asst.</FONT> <font size=2 face="serif">LLC Proj., Ser. A, 5.125%,
      6/01/35</font></TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=right>
<FONT size=2 face="serif">864,071</FONT>
	</TD>
    <TD align=right>&nbsp;</TD>
</TR>
</TABLE>
<BR>
<P align="center">
<FONT size=2 face="serif">1</FONT></P>

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



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


<P align="left">
<B><FONT face="serif">BlackRock Investment Quality Municipal Trust (BKN) (continued) </FONT></B><B><FONT size=2 face="sans-serif"><br>
(</FONT></B><B><FONT size=2 face="serif">Percentages shown are based on Net Assets)</FONT></B><B><FONT size=2 face="sans-serif"> </FONT></B></P>
<TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
<TR align="center" valign="bottom">
	<TD colspan="2">
<B><FONT size=2 face="serif">Principal</FONT></B>
	</TD>
	<TD width="3%">&nbsp;
	</TD>
	<TD width="66%">&nbsp;

	</TD>
	<TD width="7%">&nbsp;
	</TD>
	<TD width="1%">&nbsp;

	</TD>
	<TD width="8%">&nbsp;

	</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR align="center" valign="bottom">
	<TD colspan="2">
<B><FONT size=2 face="serif">Amount</FONT></B>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD>&nbsp;

	</TD>
	<TD>&nbsp;

	</TD>
    <TD>&nbsp;</TD>
</TR>
<TR align="center" valign="bottom">
	<TD colspan="2" style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="serif">(000)</FONT></B>
</TD>
	<TD style="border-bottom:1px solid #000000;">&nbsp;
	</TD>
	<TD style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="serif">Description</FONT></B>
	</TD>
	<TD style="border-bottom:1px solid #000000;">&nbsp;
	</TD>
	<TD colspan="2" style="border-bottom:1px solid #000000;">
 &nbsp;<B><FONT size=2 face="serif">Value</FONT></B>
	</TD>
	<TD style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width="10%" align=left>&nbsp;

	</TD>
	<TD width="4%" align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
<B><FONT size=2 face="serif">Illinois&#151;(cont&#146;d)</FONT></B>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
    <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=right><font size=2 face="serif">&#36;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;700</font>

	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
 &nbsp; &nbsp;<FONT size=2 face="serif">Univ. &amp; Coll. Impvts. RB, MJH Ed.
 Asst. LLC Proj., Ser. B, 5.375%, 6/01/35</FONT>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
<FONT size=2 face="serif">&#36;</FONT>
	</TD>
	<TD align=right>
<FONT size=2 face="serif">700,539</FONT>
	</TD>
    <TD align=right>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=right><FONT size=2 face="serif">3,980</FONT> </TD>
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left><FONT size=2 face="serif">Mun. Elec. Agcy., Elec., Pwr. &amp; Lt.
      RB,</FONT> <font size=2 face="serif">4.50%, 2/01/35, FGIC</font></TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=right>
<FONT size=2 face="serif">3,828,123</FONT>
	</TD>
    <TD align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=right><FONT size=2 face="serif">6,500</FONT> </TD>
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left><FONT size=2 face="serif">Vlg. of Bolingbrook, Ad Valorem Ppty.
      Tax GO, Ser. A, 4.75%, 1/01/38, MBIA</FONT> </TD>
	<TD>&nbsp;
	</TD>
	<TD align=left style="border-bottom:1px solid #000000;">&nbsp;

	</TD>
	<TD align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">6,515,860</FONT>
	</TD>
    <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left style="border-bottom:1px solid #000000;">&nbsp;

	</TD>
	<TD align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">33,960,615</FONT>
	</TD>
    <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
<B><FONT size=2 face="serif">Indiana&#151;1.2%</FONT></B>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
    <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=right><FONT size=2 face="serif">3,050</FONT> </TD>
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD colspan="2" align=left><FONT size=2 face="serif">Mun. Pwr. Agcy., Elec., Pwr. &amp; Lt.
      Impvts.</FONT> <font size=2 face="serif">RB, Pwr. Sply. Sys. Proj., Ser.
      A, 4.50%, 1/01/32, AMBAC</font>	</TD>
	<TD align=left style="border-bottom:1px solid #000000;">&nbsp;

	</TD>
	<TD align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">2,970,486</FONT>
	</TD>
    <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
<B><FONT size=2 face="serif">Kentucky&#151;2.4%</FONT></B>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
    <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=right valign="top"><font size=2 face="serif">13,500</font>

	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD colspan="2" align=left>
      <FONT size=2 face="serif">Econ. Dev. Fin. Auth., Hlth., Hosp. &amp; Nursing Home RB, Norton Hlth. Care, Inc. Proj., Ser. B, Zero Coupon,<br>
 &nbsp; &nbsp;10/01/23, MBIA</FONT>
	</TD>
	<TD align=left style="border-bottom:1px solid #000000;">&nbsp;

	</TD>
	<TD align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">6,133,455</FONT>
	</TD>
    <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
<B><FONT size=2 face="serif">Maryland&#151;2.6%</FONT></B>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
    <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=right><FONT size=2 face="serif">5,000</FONT>

	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
  <FONT size=2 face="serif">Cmnty. Dev. Admin., Local or Gtd. Hsg. RB, Ser. A, 4.80%, 9/01/42</FONT>
    </TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=right>
<FONT size=2 face="serif">4,727,900</FONT>
	</TD>
    <TD align=right>&nbsp;</TD>
</TR>
<TR valign="top">
	<TD align=right><FONT size=2 face="serif">1,740</FONT>

	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD colspan="2" align=left>
    <FONT size=2 face="serif">Hlth. &amp; Higher Edl. Facs. Auth., Hlth., Hosp. &amp; Nursing Home Impvts. RB, Medstar Hlth., Inc. Proj., 5.50%,<br>
 &nbsp; &nbsp;8/15/33</FONT>
	</TD>
	<TD align=left style="border-bottom:1px solid #000000;">&nbsp;

	</TD>
	<TD align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">1,804,624</FONT>
	</TD>
    <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left style="border-bottom:1px solid #000000;">&nbsp;

	</TD>
	<TD align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">6,532,524</FONT>
	</TD>
    <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
<B><FONT size=2 face="serif">Massachusetts&#151;1.3%</FONT></B>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
    <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=right><FONT size=2 face="serif">3,075</FONT>

	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
  <FONT size=2 face="serif">Wtr. Recs. Auth., Wtr. RB, Ser. A, 5.00%, 8/01/41</FONT>
    </TD>
	<TD>&nbsp;
	</TD>
	<TD align=left style="border-bottom:1px solid #000000;">&nbsp;

	</TD>
	<TD align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">3,169,402</FONT>
	</TD>
    <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
<B><FONT size=2 face="serif">Michigan&#151;0.7%</FONT></B>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
    <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=right><font size=2 face="serif">1,670</font>

	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD colspan="2" align=left>
    <FONT size=2 face="serif">Hosp. Fin. Auth., Hlth., Hosp. &amp; Nursing Home RB, Henry Ford Hlth. Sys. Proj., Ser. A, 5.25%, 11/15/46</FONT>
	</TD>
	<TD align=left style="border-bottom:1px solid #000000;">&nbsp;

	</TD>
	<TD align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">1,692,295</FONT>
	</TD>
    <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
<B><FONT size=2 face="serif">Mississippi&#151;0.9%</FONT></B>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
    <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=right><FONT size=2 face="serif">2,535</FONT>

	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
    <FONT size=2 face="serif">Business Fin. Comm., Indl. Impvts. RB, Northrop Grumman Ship Sys. Proj., 4.55%, 12/01/28, AMT</FONT>
    </TD>
	<TD>&nbsp;
	</TD>
	<TD align=left style="border-bottom:1px solid #000000;">&nbsp;

	</TD>
	<TD align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">2,365,434</FONT>
	</TD>
    <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
<B><FONT size=2 face="serif">Missouri&#151;3.2%</FONT></B>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
    <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=right><FONT size=2 face="serif">5,250</FONT>

	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
  <FONT size=2 face="serif">Hsg. Dev. Comm., Local or Gtd. Hsg. RB, Ser. B1, 5.05%, 3/01/38</FONT>
    </TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=right>
<FONT size=2 face="serif">5,310,690</FONT>
	</TD>
    <TD align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=right><FONT size=2 face="serif">2,820</FONT>

	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
    <FONT size=2 face="serif">Joint Mun. Elec. Util. Comm., Elec., Pwr. &amp; Lt. Impvts. RB, Plum Point Proj., 4.60%, 1/01/36, MBIA</FONT>
    </TD>
	<TD>&nbsp;
	</TD>
	<TD align=left style="border-bottom:1px solid #000000;">&nbsp;

	</TD>
	<TD align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">2,758,609</FONT>
	</TD>
    <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left style="border-bottom:1px solid #000000;">&nbsp;

	</TD>
	<TD align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">8,069,299</FONT>
	</TD>
    <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
<B><FONT size=2 face="serif">Multi-State&#151;4.7%</FONT></B>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
    <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=right bgcolor="#E6E6E6"><FONT size=2 face="serif">7,000</FONT><SUP></SUP> </TD>
  <TD align=left bgcolor="#E6E6E6"><sup><font size=2 face="serif">2</font></sup> </TD>
	<TD bgcolor="#E6E6E6">&nbsp;
	</TD>
	<TD align=left bgcolor="#E6E6E6">
  <FONT size=2 face="serif">Charter Mac Equity Issuer Trust, Ser. B, 7.60%, 11/30/50</FONT>
    </TD>
	<TD bgcolor="#E6E6E6">&nbsp;
	</TD>
	<TD align=left bgcolor="#E6E6E6">&nbsp;

	</TD>
	<TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="serif">7,576,450</FONT>
	</TD>
    <TD align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=right><FONT size=2 face="serif">4,000</FONT><SUP></SUP> </TD>
  <TD align=left><sup><font size=2 face="serif">2</font></sup> </TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
  <FONT size=2 face="serif">MuniMae TE Bond Subsidiary LLC, Ser. B, 7.75%, 6/30/50</FONT>
    </TD>
	<TD>&nbsp;
	</TD>
	<TD align=left style="border-bottom:1px solid #000000;">&nbsp;

	</TD>
	<TD align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">4,338,440</FONT>
	</TD>
    <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left style="border-bottom:1px solid #000000;">&nbsp;

	</TD>
	<TD align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">11,914,890</FONT>
	</TD>
    <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
<B><FONT size=2 face="serif">Nebraska&#151;3.1%</FONT></B>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
    <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
  <FONT size=2 face="serif">Omaha Pub. Pwr. Dist., Elec., Pwr. &amp; Lt. Impvts. RB,</FONT>
    </TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
    <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=right>
<FONT size=2 face="serif">2,765</FONT>
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left> &nbsp; &nbsp;<FONT size=2 face="serif">Ser. A, 4.75%, 2/01/44</FONT>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=right>
<FONT size=2 face="serif">2,755,488</FONT>
	</TD>
    <TD align=right>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=right>
<FONT size=2 face="serif">5,000</FONT>
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left> &nbsp; &nbsp;<FONT size=2 face="serif">Ser. A, 5.00%, 2/01/34</FONT>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left style="border-bottom:1px solid #000000;">&nbsp;

	</TD>
	<TD align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">5,142,400</FONT>
	</TD>
    <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left style="border-bottom:1px solid #000000;">&nbsp;

	</TD>
	<TD align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">7,897,888</FONT>
	</TD>
    <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
<B><FONT size=2 face="serif">Nevada&#151;0.8%</FONT></B>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
    <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=right><FONT size=2 face="serif">2,065</FONT> </TD>
  <TD align=left>&nbsp;</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
    <FONT size=2 face="serif">Cnty. of Clark, Private Schs. RB, Alexander Dawson Sch. Rainbow Proj., 5.00%, 5/15/29</FONT>
    </TD>
	<TD>&nbsp;
	</TD>
	<TD align=left style="border-bottom:1px solid #000000;">&nbsp;

	</TD>
	<TD align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">2,115,014</FONT>
	</TD>
    <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
<B><FONT size=2 face="serif">New Jersey&#151;3.6%</FONT></B>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
    <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=right><FONT size=2 face="serif">7,000</FONT> </TD>
  <TD align=left>&nbsp;</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
  <FONT size=2 face="serif">Econ. Dev. Auth., Econ. Impvts. Misc. RB, Cigarette
  Tax Proj., 5.75%, 6/15/29</FONT>
    </TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=right>
<FONT size=2 face="serif">7,453,600</FONT>
	</TD>
    <TD align=right>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=right valign="top"><FONT size=2 face="serif">1,510</FONT> </TD>
  <TD align=left>&nbsp;</TD>
	<TD>&nbsp;
	</TD>
	<TD colspan="2" align=left>
      <FONT size=2 face="serif">Middlesex Cnty. Impvt. Auth., Pub. Impvts. Hotel Occupancy Tax RB, Heldrich Associates LLC Proj., Ser. B,<br>
 &nbsp; &nbsp;6.25%, 1/01/37</FONT>
	</TD>
	<TD align=left style="border-bottom:1px solid #000000;">&nbsp;
</TD>
	<TD align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">1,575,141</FONT>
	</TD>
    <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left style="border-bottom:1px solid #000000;">&nbsp;

	</TD>
	<TD align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">9,028,741</FONT>
	</TD>
    <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
<B><FONT size=2 face="serif">New York&#151;5.6%</FONT></B>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
    <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=right valign="top"><FONT size=2 face="serif">725</FONT> </TD>
  <TD align=left>&nbsp;</TD>
	<TD>&nbsp;
	</TD>
	<TD colspan="2" align=left>
    <FONT size=2 face="serif">Albany Indl. Dev. Agcy., Sch. Impvts. Lease Approp. RB, New Covenant Charter
    Sch. Proj., Ser. A, 7.00%,<br>
 &nbsp; &nbsp;5/01/35</FONT>	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=right>
<FONT size=2 face="serif">615,199</FONT>
	</TD>
    <TD align=right>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
<FONT size=2 face="serif">Dorm. Auth., Univ. &amp; Coll. Impvts. RB,</FONT>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
    <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=right><FONT size=2 face="serif">2,030</FONT><SUP></SUP> </TD>
  <TD align=left><sup><font size=2 face="serif">1</font></sup> </TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
 &nbsp; &nbsp;<FONT size=2 face="serif">Univ. of Rochester Proj., Ser. A, Zero Coupon, 7/01/10, MBIA</FONT>
    </TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=right>
<FONT size=2 face="serif">1,831,852</FONT>
	</TD>
    <TD align=right>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=right><FONT size=2 face="serif">1,865</FONT><SUP></SUP> </TD>
  <TD align=left><sup><font size=2 face="serif">1</font></sup> </TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
 &nbsp; &nbsp;<FONT size=2 face="serif">Univ. of Rochester Proj., Ser. A, Zero Coupon, 7/01/10, MBIA</FONT>
    </TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=right>
<FONT size=2 face="serif">1,682,957</FONT>
	</TD>
    <TD align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=right><FONT size=2 face="serif">4,100</FONT> </TD>
  <TD align=left>&nbsp;</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
    <FONT size=2 face="serif">Liberty Dev. Corp., Indl. Impvts. Misc. RB, Goldman Sachs Grp., Inc. Proj., 5.25%, 10/01/35</FONT>
    </TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=right>
<FONT size=2 face="serif">4,350,182</FONT>
	</TD>
    <TD align=right>&nbsp;</TD>
</TR>
<TR valign="top" bgcolor="#E6E6E6">
  <TD align=right><FONT size=2 face="serif">2,600</FONT> </TD>
  <TD align=left>&nbsp;</TD>
	<TD>&nbsp;
	</TD>
	<TD colspan="2" align=left>
      <FONT size=2 face="serif">New York City Indl. Dev. Agcy., Port, Arpt. &amp; Marina Impvts. RB, American
    Airlines, Inc./JFK Intl. Arpt. Proj.,<br>
 &nbsp; &nbsp;7.625%, 8/01/25</FONT>	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=right>
<FONT size=2 face="serif">3,034,330</FONT>
	</TD>
    <TD align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=right><FONT size=2 face="serif">2,500</FONT> </TD>
  <TD align=left>&nbsp;</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
    <FONT size=2 face="serif">New York City Mun. Wtr. Fin. Auth., Wtr. Util. Impvts. Wtr. RB, Ser. D, 5.00%, 6/15/38</FONT>
    </TD>
	<TD>&nbsp;
	</TD>
	<TD align=left style="border-bottom:1px solid #000000;">&nbsp;

	</TD>
	<TD align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">2,581,250</FONT>
	</TD>
    <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left style="border-bottom:1px solid #000000;">&nbsp;

	</TD>
	<TD align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">14,095,770</FONT>
	</TD>
    <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
<B><FONT size=2 face="serif">North Carolina&#151;4.7%</FONT></B>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
    <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=right><FONT size=2 face="serif">5,000</FONT> </TD>
  <TD align=left>&nbsp;</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
  <FONT size=2 face="serif">Eastn. Mun. Pwr. Agcy., Elec., Pwr. &amp; Lt. RB, Ser. B, 7.00%, 1/01/08, CAPMAC</FONT>
    </TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=right>
<FONT size=2 face="serif">5,065,600</FONT>
	</TD>
    <TD align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=right><FONT size=2 face="serif">2,425</FONT> </TD>
  <TD align=left>&nbsp;</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
  <FONT size=2 face="serif">Gaston Cnty. Indl. Facs. &amp; Poll. Ctrl. Fing. Auth., Indl. Impvts. RB, 5.75%, 8/01/35</FONT>
    </TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=right>
<FONT size=2 face="serif">2,504,395</FONT>
	</TD>
    <TD align=right>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=right><FONT size=2 face="serif">4,315</FONT> </TD>
  <TD align=left>&nbsp;</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
    <FONT size=2 face="serif">Med. Care Comm., Hlth., Hosp. &amp; Nursing Home RB, Novant Hlth., Inc. Proj., 5.00%, 11/01/39</FONT>
    </TD>
	<TD>&nbsp;
	</TD>
	<TD align=left style="border-bottom:1px solid #000000;">&nbsp;

	</TD>
	<TD align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">4,336,877</FONT>
	</TD>
    <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left style="border-bottom:1px solid #000000;">&nbsp;

	</TD>
	<TD align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">11,906,872</FONT>
	</TD>
    <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
<B><FONT size=2 face="serif">Ohio&#151;7.8%</FONT></B>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
    <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=right><FONT size=2 face="serif">10,475</FONT> </TD>
  <TD align=left>&nbsp;</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
    <FONT size=2 face="serif">Air Qual. Dev. Auth., Rec. Recovery RB, Dayton Pwr. &amp; Lt. Co. Proj., 4.80%, 1/01/34</FONT>
    </TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=right>
<FONT size=2 face="serif">10,530,831</FONT>
	</TD>
    <TD align=right>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
  <FONT size=2 face="serif">Cnty. of Cuyahoga, Hlth., Hosp. &amp; Nursing</FONT>
  <FONT size=2 face="serif">Home RB,</FONT>
    </TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
    <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=right><FONT size=2 face="serif">3,485</FONT> </TD>
  <TD align=left>&nbsp;</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
 &nbsp; &nbsp;<FONT size=2 face="serif">Cleveland Clinic Fndtn. Proj., 6.00%, 1/01/20</FONT>
    </TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=right>
<FONT size=2 face="serif">3,804,749</FONT>
	</TD>
    <TD align=right>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=right><FONT size=2 face="serif">5,000</FONT> </TD>
  <TD align=left>&nbsp;</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
 &nbsp; &nbsp;<FONT size=2 face="serif">Cleveland Clinic Hlth. Sys. Proj., 6.00%, 1/01/21</FONT>
    </TD>
	<TD>&nbsp;
	</TD>
	<TD align=left style="border-bottom:1px solid #000000;">&nbsp;

	</TD>
	<TD align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">5,453,300</FONT>
	</TD>
    <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left style="border-bottom:1px solid #000000;">&nbsp;

	</TD>
	<TD align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">19,788,880</FONT>
	</TD>
    <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
<B><FONT size=2 face="serif">Oklahoma&#151;2.2%</FONT></B>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
    <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=right><FONT size=2 face="serif">2,110</FONT> </TD>
  <TD align=left>&nbsp;</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
    <FONT size=2 face="serif">Dev. Fin. Auth., Hlth., Hosp. &amp; Nursing Home RB, St. John Hlth. Sys.,
    Inc. Proj., 5.00%, 2/15/42</FONT>	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=right>
<FONT size=2 face="serif">2,109,958</FONT>
	</TD>
    <TD align=right>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=right><FONT size=2 face="serif">2,900</FONT> </TD>
  <TD align=left>&nbsp;</TD>
	<TD>&nbsp;
	</TD>
	<TD colspan="2" align=left>
    <FONT size=2 face="serif">Tulsa Mun. Arpt. Trust, Port, Arpt. &amp; Marina Impvts. RB, AMR Corp. Proj., Ser. A, 7.75%, 6/01/35, AMT</FONT>
	</TD>
	<TD align=left style="border-bottom:1px solid #000000;">&nbsp;

	</TD>
	<TD align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">3,326,764</FONT>
	</TD>
    <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left style="border-bottom:1px solid #000000;">&nbsp;

	</TD>
	<TD align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">5,436,722</FONT>
	</TD>
    <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
<B><FONT size=2 face="serif">Pennsylvania&#151;6.5%</FONT></B>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
    <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=right><FONT size=2 face="serif">2,000</FONT> </TD>
  <TD align=left>&nbsp;</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
    <FONT size=2 face="serif">Delaware River Port. Auth., Port, Arpt. &amp; Marina RB, Port Dist. Proj., Ser. B, 5.70%, 1/01/22, FSA</FONT>
    </TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=right>
<FONT size=2 face="serif">2,077,140</FONT>
	</TD>
    <TD align=right>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
<FONT size=2 face="serif">Econ. Dev. Fing. Auth.,</FONT>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
    <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=right><FONT size=2 face="serif">6,380</FONT> </TD>
  <TD align=left>&nbsp;</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
 &nbsp; &nbsp;<FONT size=2 face="serif">Elec., Pwr. &amp; Lt. Impvts. RB, Reliant Energy, Inc. Proj., Ser. A, 6.75%, 12/01/36</FONT>
    </TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=right>
<FONT size=2 face="serif">6,981,761</FONT>
	</TD>
    <TD align=right>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=right><FONT size=2 face="serif">2,000</FONT> </TD>
  <TD align=left>&nbsp;</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
 &nbsp; &nbsp;<FONT size=2 face="serif">Trans. Impvts. Lease Renewal RB, Amtrak Proj., Ser. A, 6.25%, 11/01/31</FONT>
    </TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=right>
<FONT size=2 face="serif">2,074,420</FONT>
	</TD>
    <TD align=right>&nbsp;</TD>
</TR>
</TABLE>
<BR>
<P align="center">
<FONT size=2 face="serif">2</FONT></P>

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



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


<P align="left">
<B><FONT face="serif">BlackRock Investment Quality Municipal Trust (BKN) (continued)</FONT></B><B><FONT face="serif"> </FONT></B><B><FONT size=2 face="sans-serif"><br>
(</FONT></B><B><FONT size=2 face="serif">Percentages shown are based on Net
Assets)</FONT></B><B><FONT size=2 face="sans-serif"> </FONT></B></P>
<TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
<TR align="center" valign="bottom">
	<TD colspan="2">
<B><FONT size=2 face="serif">Principal</FONT></B>
	</TD>
	<TD width="3%">&nbsp;
	</TD>
	<TD width="66%">&nbsp;

	</TD>
	<TD width="7%">&nbsp;
	</TD>
	<TD width="1%">&nbsp;

	</TD>
	<TD width="8%">&nbsp;

	</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR align="center" valign="bottom">
	<TD colspan="2">
<B><FONT size=2 face="serif">Amount</FONT></B>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD>&nbsp;

	</TD>
	<TD>&nbsp;

	</TD>
    <TD>&nbsp;</TD>
</TR>
<TR align="center" valign="bottom">
	<TD colspan="2" style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="serif">(000</FONT></B><b><font size=2 face="serif">)</font></b>
</TD>
	<TD style="border-bottom:1px solid #000000;">&nbsp;
	</TD>
	<TD style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="serif">Description</FONT></B>
	</TD>
	<TD style="border-bottom:1px solid #000000;">&nbsp;
	</TD>
	<TD colspan="2" style="border-bottom:1px solid #000000;">
 &nbsp;<B><FONT size=2 face="serif">Value</FONT></B>
	</TD>
	<TD style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width="10%" align=left>&nbsp;

	</TD>
	<TD width="4%" align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
<B><FONT size=2 face="serif">Pennsylvania&#151;(cont&#146;d)</FONT></B>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
    <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=right><FONT size=2 face="serif">&#36;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,100</FONT> </TD>
  <TD align=left>&nbsp;</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
 &nbsp; &nbsp;<FONT size=2 face="serif">Trans. Impvts. Lease Renewal RB, Amtrak Proj., Ser. A, 6.375%, 11/01/41</FONT>
    </TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
<FONT size=2 face="serif">&#36;</FONT>
	</TD>
	<TD align=right>
<FONT size=2 face="serif">3,245,235</FONT>
	</TD>
    <TD align=right>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=right><FONT size=2 face="serif">980</FONT> </TD>
  <TD align=left>&nbsp;</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left bgcolor="#E6E6E6">
  <FONT size=2 face="serif">Hsg. Fin. Agcy., Local or Gtd. Hsg. RB, Ser. 97A, 4.60%, 10/01/27</FONT>
    </TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=right>
<FONT size=2 face="serif">928,354</FONT>
	</TD>
    <TD align=right>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#FFFFFF">
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
  <FONT size=2 face="serif">McKeesport Area Sch. Dist., Ad Valorem</FONT>
  <FONT size=2 face="serif">Ppty. Tax GO,</FONT>
    </TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
    <TD align=left>&nbsp;</TD>
</TR>
<TR valign="top" bgcolor="#E6E6E6">
	<TD align=right>
<FONT size=2 face="serif">870</FONT><SUP></SUP>
	</TD>
	<TD align=left><sup><font size=2 face="serif">3</font></sup>

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
 &nbsp; &nbsp;<FONT size=2 face="serif">Zero Coupon, 10/01/31, FGIC</FONT>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=right>
<FONT size=2 face="serif">278,461</FONT>
	</TD>
    <TD align=right>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#FFFFFF">
	<TD align=right>
<FONT size=2 face="serif">2,435</FONT>
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
 &nbsp; &nbsp;<FONT size=2 face="serif">Zero Coupon, 10/01/31, FGIC</FONT>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left style="border-bottom:1px solid #000000;">&nbsp;

	</TD>
	<TD align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">762,983</FONT>
	</TD>
    <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left style="border-bottom:1px solid #000000;">&nbsp;

	</TD>
	<TD align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">16,348,354</FONT>
	</TD>
    <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#FFFFFF">
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
<B><FONT size=2 face="serif">Puerto Rico&#151;2.6%</FONT></B>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
    <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=right><FONT size=2 face="serif">2,900</FONT> </TD>
  <TD align=left>&nbsp;</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
  <FONT size=2 face="serif">Elec. Pwr. Auth., Elec., Pwr. &amp; Lt. RB, Ser. UU, 5.00%, 7/01/23, FSA</FONT>
    </TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=right>
<FONT size=2 face="serif">3,076,813</FONT>
	</TD>
    <TD align=right>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#FFFFFF">
  <TD align=right><FONT size=2 face="serif">3,115</FONT> </TD>
  <TD align=left>&nbsp;</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
  <FONT size=2 face="serif">Hwy. &amp; Transp. Auth., Hwy. Impvts. Tolls RB, Ser. N, 5.25%, 7/01/34</FONT>
    </TD>
	<TD>&nbsp;
	</TD>
	<TD align=left style="border-bottom:1px solid #000000;">&nbsp;

	</TD>
	<TD align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">3,441,016</FONT>
	</TD>
    <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left style="border-bottom:1px solid #000000;">&nbsp;

	</TD>
	<TD align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">6,517,829</FONT>
	</TD>
    <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#FFFFFF">
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
<B><FONT size=2 face="serif">Rhode Island&#151;0.1%</FONT></B>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
    <TD align=left>&nbsp;</TD>
</TR>
<TR valign="top" bgcolor="#E6E6E6">
  <TD align=right><FONT size=2 face="serif">200</FONT> </TD>
  <TD align=left>&nbsp;</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
    <FONT size=2 face="serif">Hlth. &amp; Edl. Bldg. Corp., Hlth., Hosp. &amp; Nursing Home Impvts. RB, Lifespan Proj., <br>
 &nbsp; &nbsp;5.50%, 5/15/16, MBIA</FONT>
    </TD>
	<TD>&nbsp;
	</TD>
	<TD align=left style="border-bottom:1px solid #000000;">&nbsp;

	</TD>
	<TD align=right valign="bottom" style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">204,226</FONT>
	</TD>
    <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#FFFFFF">
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
<B><FONT size=2 face="serif">South Carolina&#151;4.7%</FONT></B>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
    <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=right><FONT size=2 face="serif">5,000</FONT> </TD>
  <TD align=left>&nbsp;</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
 &nbsp; &nbsp;<FONT size=2 face="serif">Hsg. Fin. &amp; Dev. Auth., Hsg. RB, Ser. A2, 5.15%, 7/01/37, AMBAC</FONT>
    </TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=right>
<FONT size=2 face="serif">5,022,350</FONT>
	</TD>
    <TD align=right>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#FFFFFF">
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
    <FONT size=2 face="serif">Jobs-Econ. Dev. Auth., Hlth., Hosp. &amp;</FONT>
    <FONT size=2 face="serif">Nursing Home RB, Palmetto Hlth. Alliance</FONT>
    <FONT size=2 face="serif">Proj.,</FONT>
    </TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
    <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=right>
<FONT size=2 face="serif">4,000</FONT><SUP></SUP>
	</TD>
	<TD align=left><sup><font size=2 face="serif">1</font></sup>

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
 &nbsp; &nbsp;<FONT size=2 face="serif">6.875%, 8/01/13</FONT>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=right>
<FONT size=2 face="serif">4,612,700</FONT>
	</TD>
    <TD align=right>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#FFFFFF">
	<TD align=right>
<FONT size=2 face="serif">2,185</FONT>
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
 &nbsp; &nbsp;<FONT size=2 face="serif">Ser. A, 6.25%, 8/01/31</FONT>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left style="border-bottom:1px solid #000000;">&nbsp;

	</TD>
	<TD align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">2,367,404</FONT>
	</TD>
    <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left style="border-bottom:1px solid #000000;">&nbsp;

	</TD>
	<TD align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">12,002,454</FONT>
	</TD>
    <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#FFFFFF">
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
<B><FONT size=2 face="serif">Tennessee&#151;2.0%</FONT></B>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
    <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=right><FONT size=2 face="serif">4,865</FONT> </TD>
  <TD align=left>&nbsp;</TD>
	<TD>&nbsp;
	</TD>
	<TD colspan="2" align=left>
    <FONT size=2 face="serif">Memphis-Shelby Cnty. Arpt. Auth., Port, Arpt. &amp; Marina Impvts. RB, Ser. D, 6.00%, 3/01/24, AMBAC</FONT>
	</TD>
	<TD align=left style="border-bottom:1px solid #000000;">&nbsp;

	</TD>
	<TD align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">5,108,542</FONT>
	</TD>
    <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#FFFFFF">
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
<B><FONT size=2 face="serif">Texas&#151;15.0%</FONT></B>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
    <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=right><FONT size=2 face="serif">6,000</FONT><SUP></SUP> </TD>
  <TD align=left><sup><font size=2 face="serif">1</font></sup> </TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
  <FONT size=2 face="serif">Grapevine, Pub. Impvts. Ad Valorem Ppty. Tax GO, 5.875%, 8/15/10, FGIC</FONT>
    </TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=right>
<FONT size=2 face="serif">6,351,360</FONT>
	</TD>
    <TD align=right>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#FFFFFF">
  <TD align=right><FONT size=2 face="serif">5,000</FONT> </TD>
  <TD align=left>&nbsp;</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
    <FONT size=2 face="serif">Harris Cnty.-Houston Sports Auth. Hotel Occupancy Tax RB, Ser. A, Zero
    Coupon, 11/15/38, MBIA</FONT>	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=right>
<FONT size=2 face="serif">957,300</FONT>
	</TD>
    <TD align=right>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=right valign="top"><FONT size=2 face="serif">2,480</FONT> </TD>
  <TD align=left>&nbsp;</TD>
	<TD>&nbsp;
	</TD>
	<TD colspan="2" align=left>
    <FONT size=2 face="serif">Hlth. Care Facs. Auth., Hlth., Hosp. &amp; Nursing Home RB, Providence Hlth.
    Care Svcs. Proj., <br>
 &nbsp; &nbsp;4.50%, 10/01/35, FGIC</FONT>	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=right>
<FONT size=2 face="serif">2,365,598</FONT>
	</TD>
    <TD align=right>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#FFFFFF">
  <TD align=right><FONT size=2 face="serif">9,495</FONT> </TD>
  <TD align=left>&nbsp;</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
    <FONT size=2 face="serif">La Joya Indpt. Sch. Dist., Sch. Impvts. Ad Valorem Ppty. Tax GO, 5.00%, 2/15/34, PSF</FONT>
    </TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=right>
<FONT size=2 face="serif">9,723,355</FONT>
	</TD>
    <TD align=right>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
<FONT size=2 face="serif">Lower Colorado River Auth., Misc. RB,</FONT>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
    <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#FFFFFF">
	<TD align=right>
<FONT size=2 face="serif">3,845</FONT>
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
 &nbsp; &nbsp;<FONT size=2 face="serif">4.75%, 5/15/36, AMBAC</FONT>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=right>
<FONT size=2 face="serif">3,846,077</FONT>
	</TD>
    <TD align=right>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=right>
<FONT size=2 face="serif">5</FONT><SUP></SUP>
	</TD>
	<TD align=left><sup><font size=2 face="serif">1</font></sup>

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
 &nbsp; &nbsp;<FONT size=2 face="serif">Ser. A, 5.00%, 5/15/13, MBIA</FONT>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=right>
<FONT size=2 face="serif">5,282</FONT>
	</TD>
    <TD align=right>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#FFFFFF">
	<TD align=right>
<FONT size=2 face="serif">945</FONT>
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
 &nbsp; &nbsp;<FONT size=2 face="serif">Ser. A, 5.00%, 5/15/31, MBIA</FONT>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=right>
<FONT size=2 face="serif">967,812</FONT>
	</TD>
    <TD align=right>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=right><FONT size=2 face="serif">675</FONT> </TD>
  <TD align=left>&nbsp;</TD>
	<TD>&nbsp;
	</TD>
	<TD colspan="2" align=left>
    <FONT size=2 face="serif">Montgomery Cnty. Mun. Util. Dist. No. 46, Pub. Impvts. Ad Valorem Ppty.
    Tax GO, 4.75%, 3/01/30, MBIA</FONT>	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=right>
<FONT size=2 face="serif">674,973</FONT>
	</TD>
    <TD align=right>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#FFFFFF">
  <TD align=right><FONT size=2 face="serif">2,010</FONT> </TD>
  <TD align=left>&nbsp;</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
  <FONT size=2 face="serif">Pearland, Ad Valorem Ppty. Tax GO, 4.75%, 3/01/29, FGIC</FONT>
    </TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=right>
<FONT size=2 face="serif">2,021,196</FONT>
	</TD>
    <TD align=right>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=right><FONT size=2 face="serif">2,550</FONT> </TD>
  <TD align=left>&nbsp;</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
    <FONT size=2 face="serif">San Antonio Energy Acquisition Pub. Fac. Corp., Natural Gas Util. Impvts. RB, 5.50%, 8/01/24</FONT>
    </TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=right>
<FONT size=2 face="serif">2,722,074</FONT>
	</TD>
    <TD align=right>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#FFFFFF">
  <TD align=right><FONT size=2 face="serif">1,000</FONT> </TD>
  <TD align=left>&nbsp;</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
  <FONT size=2 face="serif">Texas, Wtr. Util. Impvts. GO, Wtr. Fin. Asst. Proj., 5.75%, 8/01/22</FONT>
    </TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=right>
<FONT size=2 face="serif">1,047,570</FONT>
	</TD>
    <TD align=right>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
<FONT size=2 face="serif">Tpke. Auth., Hwy. &amp; Tolls Impvts. RB,</FONT>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
    <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#FFFFFF">
	<TD align=right>
<FONT size=2 face="serif">15,000</FONT>
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
 &nbsp; &nbsp;<FONT size=2 face="serif">Zero Coupon, 8/15/31, AMBAC</FONT>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=right>
<FONT size=2 face="serif">3,897,750</FONT>
	</TD>
    <TD align=right>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=right>
<FONT size=2 face="serif">3,325</FONT>
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
 &nbsp; &nbsp;<FONT size=2 face="serif">Ser. A, 5.00%, 8/15/42, AMBAC</FONT>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left style="border-bottom:1px solid #000000;">&nbsp;

	</TD>
	<TD align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">3,385,049</FONT>
	</TD>
    <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#FFFFFF">
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left style="border-bottom:1px solid #000000;">&nbsp;

	</TD>
	<TD align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">37,965,396</FONT>
	</TD>
    <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>

<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
<B><FONT size=2 face="serif">Utah&#151;0.8%</FONT></B>
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
    <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#FFFFFF">
  <TD align=right><FONT size=2 face="serif">1,950</FONT><SUP></SUP> </TD>
  <TD align=left><sup><font size=2 face="serif">3</font></sup> </TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
  <FONT size=2 face="serif">Intermountain Pwr. Agcy., Elec., Pwr. &amp; Lt. RB, 5.00%, 7/01/13, AMBAC</FONT>
    </TD>
	<TD align=left>&nbsp;

	</TD>
	<TD style="border-bottom:1px solid #000000;">&nbsp;
	</TD>
	<TD align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">1,951,736</FONT>
	</TD>
    <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
<B><FONT size=2 face="serif">Virginia&#151;1.1%</FONT></B>
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
    <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#FFFFFF">
  <TD align=right><FONT size=2 face="serif">2,900</FONT> </TD>
  <TD align=left>&nbsp;</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
    <FONT size=2 face="serif">Tobacco Settlement Fing. Corp., Tobacco Settlement Funded RB, Ser. B1, 5.00%, 6/01/47</FONT>
    </TD>
	<TD align=left>&nbsp;

	</TD>
	<TD style="border-bottom:1px solid #000000;">&nbsp;
	</TD>
	<TD align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">2,675,250</FONT>
	</TD>
    <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
<B><FONT size=2 face="serif">Washington&#151;1.9%</FONT></B>
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
    <TD align=left>&nbsp;</TD>
</TR>
<TR valign="top" bgcolor="#FFFFFF">
  <TD align=right><FONT size=2 face="serif">1,420</FONT> </TD>
  <TD align=left>&nbsp;</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
  <FONT size=2 face="serif">Cnty. of King, Swr. RB, 5.00%, 1/01/36, FSA</FONT>
    </TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=right>
<FONT size=2 face="serif">1,465,213</FONT>
	</TD>
    <TD align=right>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD align=right valign="top"><FONT size=2 face="serif">3,480</FONT> </TD>
  <TD align=left valign="top">&nbsp;</TD>
	<TD valign="top">&nbsp;
	</TD>
	<TD colspan="2" align=left valign="top">
    <FONT size=2 face="serif">Hlth. Care Facs. Auth., Hlth., Hosp. &amp; Nursing Home RB, Providence Hlth.
    Sys. Proj., <br>
 &nbsp; &nbsp;Ser. A, 4.625%, 10/01/34, FGIC</FONT>	</TD>
	<TD valign="top" style="border-bottom:1px solid #000000;">&nbsp;
	</TD>
	<TD align=right valign="bottom" style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">3,387,884</FONT>
	</TD>
    <TD align=right valign="top" style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#FFFFFF">
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD style="border-bottom:1px solid #000000;">&nbsp;
	</TD>
	<TD align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">4,853,097</FONT>
	</TD>
    <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
<B><FONT size=2 face="serif">Wisconsin&#151;1.4%</FONT></B>
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
    <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#FFFFFF">
  <TD align=right><FONT size=2 face="serif">3,220</FONT> </TD>
  <TD align=left>&nbsp;</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
    <FONT size=2 face="serif">Hlth. &amp; Edl. Facs. Auth., Hlth., Hosp. &amp; Nursing Home RB, Aurora Hlth. Care Proj., 6.40%, 4/15/33</FONT>
    </TD>
	<TD align=left>&nbsp;

	</TD>
	<TD style="border-bottom:1px solid #000000;">&nbsp;
	</TD>
	<TD align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">3,499,947</FONT>
	</TD>
    <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
<B><FONT size=2 face="serif">Wyoming&#151;0.8%</FONT></B>
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
    <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#FFFFFF">
  <TD align=right><FONT size=2 face="serif">2,145</FONT> </TD>
  <TD align=left>&nbsp;</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
  <FONT size=2 face="serif">Cmnty. Dev. Auth., Local or Gtd. Hsg. RB, Ser. 3, 4.75%, 12/01/37</FONT>
    </TD>
	<TD align=left>&nbsp;

	</TD>
	<TD style="border-bottom:1px solid #000000;">&nbsp;
	</TD>
	<TD align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">2,032,774</FONT>
	</TD>
    <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
<B><FONT size=2 face="serif">Total Long-Term Investments </FONT></B><FONT size=2 face="serif">(cost &#36;375,308,334)</FONT>
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD style="border-bottom:1px solid #000000;">&nbsp;
	</TD>
	<TD align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">389,804,769</FONT>
	</TD>
    <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="border-bottom:1px solid #000000;">&nbsp;

	</TD>
	<TD style="border-bottom:1px solid #000000;">&nbsp;</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;
	</TD>
	<TD align=left>&nbsp;
</TD>
	<TD >&nbsp;
	</TD>
	<TD align=right>
<FONT size=2 face="serif">&nbsp;</FONT>
	</TD>
    <TD align=right >&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD colspan="2" align=center>
<B><FONT size=2 face="serif">Shares</FONT></B>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
    <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD colspan="2" align=center style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="serif">(000</FONT></B><b><font size=2 face="serif">)</font></b>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
    <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
<B><FONT size=2 face="serif">MONEY MARKET FUND&#151;2.6%</FONT></B>
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
    <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=right><FONT size=2 face="serif">6,400</FONT><SUP></SUP> </TD>
  <TD align=left><sup><font size=2 face="serif">4,5</font></sup> </TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
  <FONT size=2 face="serif">Merrill Lynch Institutional Tax-Exempt Fund, 3.47% (cost &#36;6,400,000)</FONT>
    </TD>
	<TD align=left>&nbsp;

	</TD>
	<TD style="border-bottom:1px solid #000000;">&nbsp;
	</TD>
	<TD align=right style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">6,400,000</FONT>
	</TD>
    <TD align=right style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>

<TR valign="bottom">
  <TD colspan="4" align=left bgcolor="#E6E6E6">
<B><FONT size=2 face="serif">Total Investments &#151;156.9% </FONT></B><FONT size=2 face="serif">(cost &#36;381,708,334</FONT><SUP><FONT size=2 face="serif">6</FONT></SUP><FONT size=2 face="serif">)</FONT>	</TD>
  <TD bgcolor="#E6E6E6">&nbsp;
	</TD>
	<TD align=left bgcolor="#E6E6E6">
<FONT size=2 face="serif">&#36;</FONT>
	</TD>
	<TD align=right bgcolor="#E6E6E6">
<FONT size=2 face="serif">396,204,769</FONT>
	</TD>
	<TD align=left bgcolor="#E6E6E6">&nbsp;

	</TD>
</TR>
<TR valign="bottom">
  <TD colspan="4" align=left>
    <FONT size=2 face="serif">Other assets in excess of liabilities &#151;1.2%</FONT>	</TD>
  <TD>&nbsp;
	</TD>
	<TD align=left>&nbsp;

	</TD>
	<TD align=right>
<FONT size=2 face="serif">3,128,847</FONT>
	</TD>
	<TD align=left>&nbsp;

	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
  <TD colspan="4" align=left>
    <FONT size=2 face="serif">Preferred shares at redemption value, including dividends payable &#151;(58.1)%</FONT>	</TD>
  <TD>&nbsp;
	</TD>
	<TD style="border-bottom:1px solid #000000;">&nbsp;
	</TD>
	<TD align=right style="border-bottom:1px solid #000000;"><FONT size=2 face="serif">(146,741,344</FONT>

	</TD>
	<TD align=left style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">)</FONT>	</TD>
</TR>
<TR valign="bottom">
  <TD colspan="4" align=left>
    <B><FONT size=2 face="serif">Net Assets Applicable to Common Shareholders &#151;100%</FONT></B>	</TD>
  <TD>&nbsp;
	</TD>
	<TD align=left style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">&#36;</FONT>
	</TD>
	<TD align=right style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">252,592,272</FONT>
	</TD>
	<TD align=left style="border-bottom:3px double #000000;">&nbsp;

	</TD>
</TR>
</TABLE>


<div style="border-bottom:1px solid #000000; width:100px">&nbsp;</div>
<br>

<TABLE border=0 cellspacing=0 cellpadding=0>
<TR>
	<TD nowrap valign=top>
<SUP><FONT size=2 face="serif">1</FONT></SUP>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=100%>
<FONT size=2 face="serif">This bond is prerefunded. U.S. government securities, held in escrow, are used to pay interest on this security, as well as retire the bond in full at the date indicated, typically at a premium to par.</FONT>	</TD>
</TR>
<TR><TD colspan=2>&nbsp;</TD></TR><TR>
	<TD nowrap valign=top>
<SUP><FONT size=2 face="serif">2</FONT></SUP>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=100%>
<FONT size=2 face="serif">Security is not registered under the Securities Act of 1933. These securities may be resold in transactions in accordance with Rule 144A under that Act, to qualified institutional buyers. As of July 31, 2007, the Trust held
6.7% of its net assets, with a current market value of &#36;16,876,649, in securities restricted as to resale.</FONT>	</TD>
</TR>
<TR><TD colspan=2>&nbsp;</TD></TR><TR>
	<TD nowrap valign=top>
<SUP><FONT size=2 face="serif">3</FONT></SUP>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=100%>
<FONT size=2 face="serif">Security is collateralized by Municipal or U.S. Treasury obligations.</FONT>	</TD>
</TR>
<TR><TD colspan=2>&nbsp;</TD></TR><TR>
	<TD nowrap valign=top>
<SUP><FONT size=2 face="serif">4</FONT></SUP>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=100%>
<FONT size=2 face="serif">Represents an investment in an affiliate.</FONT>	</TD>
</TR>
<TR><TD colspan=2>&nbsp;</TD></TR><TR>
	<TD nowrap valign=top>
<SUP><FONT size=2 face="serif">5</FONT></SUP>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=100%>
<FONT size=2 face="serif">Represents current yield as of July 31, 2007.</FONT>	</TD>
</TR>
<TR><TD colspan=2>&nbsp;</TD></TR><TR>
	<TD nowrap valign=top>
<SUP><FONT size=2 face="serif">6</FONT></SUP>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=100%>
<FONT size=2 face="serif">Cost for federal income tax purposes is &#36;382,292,881. The net unrealized appreciation on a tax basis is &#36;13,911,888, consisting of &#36;16,055,313 gross unrealized appreciation and &#36;2,143,425 gross unrealized
depreciation.</FONT>	</TD>
</TR>
<TR><TD colspan=2>&nbsp;</TD></TR></TABLE>
<TABLE width="30%" border=0 align="center" cellpadding=0 cellspacing=0>
<TR valign="bottom">
  <TD colspan="3" align=center style="border-top:1px solid #000000;">&nbsp;</TD>
  </TR>
<TR valign="bottom">
  <TD colspan="3" align=center>
    <B><FONT size=2 face="serif">KEY TO ABBREVIATIONS</FONT></B>	</TD>
  </TR>
<TR valign="bottom">
  <TD width=16% align=right nowrap><font size=2 face="serif">AMBAC</font></TD>
  <TD width=8% align=center nowrap><font size=2 face="serif">&nbsp;&#151;&nbsp;</font></TD>
	<TD width=76% align=left nowrap> <FONT size=2 face="serif">American Municipal Bond Assurance Corp.</FONT>
	</TD>
</TR>
<TR valign="bottom">
  <TD width=16% align=right nowrap><font size=2 face="serif">AMT</font></TD>
  <TD width=8% align=center nowrap><font size=2 face="serif">&#151;</font></TD>
	<TD width=76% align=left nowrap> <FONT size=2 face="serif">Subject to Alternative Minimum Tax</FONT>
	</TD>
</TR>
<TR valign="bottom">
  <TD width=16% align=right nowrap><font size=2 face="serif">CAPMAC</font></TD>
  <TD width=8% align=center nowrap><font size=2 face="serif">&#151;</font></TD>
	<TD width=76% align=left nowrap>
<FONT size=2 face="serif"> Capital Markets Assurance Co.</FONT>
	</TD>
</TR>
<TR valign="bottom">
  <TD width=16% align=right nowrap><font size=2 face="serif">CIFG</font></TD>
  <TD width=8% align=center nowrap><font size=2 face="serif">&#151;</font></TD>
	<TD width=76% align=left nowrap> <FONT size=2 face="serif">CDC IXIS Financial Guaranty</FONT>
	</TD>
</TR>
<TR valign="bottom">
  <TD width=16% align=right nowrap><font size=2 face="serif">FGIC</font></TD>
  <TD width=8% align=center nowrap><font size=2 face="serif">&#151;</font></TD>
	<TD width=76% align=left nowrap> <FONT size=2 face="serif">Financial Guaranty Insurance Co.</FONT>
	</TD>
</TR>
<TR valign="bottom">
  <TD width=16% align=right nowrap><font size=2 face="serif">FSA</font></TD>
  <TD width=8% align=center nowrap><font size=2 face="serif">&#151;</font></TD>
	<TD width=76% align=left nowrap> <FONT size=2 face="serif">Financial Security Assurance</FONT>
	</TD>
</TR>
<TR valign="bottom">
  <TD width=16% align=right nowrap><font size=2 face="serif">GO</font></TD>
  <TD width=8% align=center nowrap><font size=2 face="serif">&#151;</font></TD>
	<TD width=76% align=left nowrap> <FONT size=2 face="serif">General Obligation</FONT>
	</TD>
</TR>
<TR valign="bottom">
  <TD width=16% align=right nowrap><font size=2 face="serif">MBIA</font></TD>
  <TD width=8% align=center nowrap><font size=2 face="serif">&#151;</font></TD>
	<TD width=76% align=left nowrap> <FONT size=2 face="serif">Municipal Bond Insurance Assoc.</FONT>
	</TD>
</TR>
<TR valign="bottom">
  <TD width=16% align=right nowrap><font size=2 face="serif">PSF</font></TD>
  <TD width=8% align=center nowrap><font size=2 face="serif">&#151;</font></TD>
	<TD width=76% align=left nowrap> <FONT size=2 face="serif">Public School Fund Guaranteed</FONT>
	</TD>
</TR>
<TR valign="bottom">
  <TD width=16% align=right nowrap><font size=2 face="serif">RB</font></TD>
  <TD width=8% align=center nowrap><font size=2 face="serif">&#151;</font></TD>
	<TD width=76% align=left nowrap> <FONT size=2 face="serif">Revenue Bond</FONT>
	</TD>
</TR>
<TR valign="bottom">
  <TD width=16% align=right nowrap><font size=2 face="serif">SA</font></TD>
  <TD width=8% align=center nowrap><font size=2 face="serif">&#151;</font></TD>
	<TD width=76% align=left nowrap> <FONT size=2 face="serif">Special Assessment</FONT>
	</TD>
</TR>
<TR valign="bottom">
  <TD width=16% align=right nowrap><font size=2 face="serif">SO</font></TD>
  <TD width=8% align=center nowrap><font size=2 face="serif">&#151;</font></TD>
	<TD width=76% align=left nowrap> <FONT size=2 face="serif">Special Obligation</FONT>
	</TD>
</TR>
<TR valign="bottom">
  <TD width=16% align=right nowrap><font size=2 face="serif">TA</font></TD>
  <TD width=8% align=center nowrap><font size=2 face="serif">&#151;</font></TD>
	<TD width=76% align=left nowrap> <FONT size=2 face="serif">Tax Allocation</FONT>
	</TD>
</TR>
<TR valign="bottom">
  <TD width=16% align=right nowrap><font size=2 face="serif">XLCA</font></TD>
  <TD width=8% align=center nowrap><font size=2 face="serif">&#151;</font></TD>
	<TD width=76% align=left nowrap> <FONT size=2 face="serif">XL Capital Assurance</FONT>
	</TD>
</TR>
<TR valign="bottom">
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=center style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=left style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
</TABLE>
<p>&nbsp;</p>
<P align="center">
<FONT size=2 face="serif">3</FONT></P>

<HR noshade align="center" width="100%" size=4>
<P align="left" style="page-break-before:always"></P><PAGE>


<P align="left">
<FONT size=2 face="serif">Item 2 &#150; Controls and Procedures</FONT></P>

<P align="left" style="margin-left:50px;text-indent:-50px"><FONT size=2 face="serif">2(a) &#150; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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 and Exchange Act of 1934, as amended. </FONT></P>
<P align="left" style="margin-left:50px;text-indent:-50px">
<FONT size=2 face="serif">2(b) &#150; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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 (17 CFR 270.30a -3(d)) 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></P>
<P align="left">
<FONT size=2 face="serif">Item 3 &#150; Exhibits</FONT></P>

<div style="margin-left:50px">
<P align="left">
<FONT size=2 face="serif">Certifications &#150; Attached hereto</FONT></P>
<P 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></P>
<TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
<TR valign="bottom">
  <TD colspan="2" align=left nowrap>
      <FONT size=2 face="serif">BlackRock Investment Quality Municipal Trust, Inc.</FONT>	</TD>
	<TD width="61%" align=left nowrap>&nbsp;</TD>
</TR>
<TR>
  <TD width="3%">&nbsp;</TD>
	<TD width="32%">&nbsp;

	</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap><font size=2 face="serif">By:</font></TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="serif">/s/ Donald C. Burke</FONT>
</TD>
    <TD align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap>&nbsp;</TD>
	<TD align=left nowrap> <FONT size=2 face="serif">Donald C. Burke,</FONT>
	</TD>
    <TD align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap>&nbsp;</TD>
	<TD align=left nowrap> <FONT size=2 face="serif">Treasurer of</FONT>
	</TD>
    <TD align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap>&nbsp;</TD>
	<TD colspan="2" align=left nowrap> <FONT size=2 face="serif">BlackRock Investment Quality Municipal Trust, Inc.</FONT>
	</TD>
  </TR>
<TR>
  <TD>&nbsp;</TD>
	<TD>&nbsp;

	</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
  <TD colspan="2"><font size=2 face="serif">Date: September 20, 2007</font></TD>
  <TD>&nbsp;</TD>
</TR>
</TABLE>

<P 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></P>
<TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
  <TR>
    <TD width="3%">&nbsp;</TD>
    <TD width="32%">&nbsp;</TD>
    <TD width="61%">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left nowrap><font size=2 face="serif">By:</font></TD>
    <TD align=left nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="serif">/s/
Robert S. Kapito        </FONT> </TD>
    <TD align=left nowrap>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left nowrap>&nbsp;</TD>
    <TD align=left nowrap><font size=2 face="serif">Robert S. Kapito,</font></TD>
    <TD align=left nowrap>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left nowrap>&nbsp;</TD>
    <TD align=left nowrap><font size=2 face="serif">President (principal executive
    officer) of</font></TD>
    <TD align=left nowrap>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left nowrap>&nbsp;</TD>
    <TD colspan="2" align=left nowrap><font size=2 face="serif">BlackRock Investment
    Quality Municipal Trust, Inc.</font></TD>
  </TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR>
    <TD colspan="2"><font size=2 face="serif">Date: September 20, 2007</font></TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR>
    <TD colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left nowrap><font size=2 face="serif">By:</font></TD>
    <TD align=left nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="serif">/s/
        Donald C. Burke</FONT> </TD>
    <TD align=left nowrap>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left nowrap>&nbsp;</TD>
    <TD align=left nowrap><FONT size=2 face="serif">Donald C. Burke,</FONT> </TD>
    <TD align=left nowrap>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left nowrap>&nbsp;</TD>
    <TD align=left nowrap><font size=2 face="serif">Treasurer (principal financial
    officer) of</font></TD>
    <TD align=left nowrap>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left nowrap>&nbsp;</TD>
    <TD colspan="2" align=left nowrap><font size=2 face="serif">BlackRock Investment
    Quality Municipal Trust, Inc.</font></TD>
  </TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR>
    <TD colspan="2"><font size=2 face="serif">Date: September 20, 2007</font></TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR>
    <TD colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
</TABLE>
</div>
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<DOCUMENT>
<TYPE>EX-99.CERT
<SEQUENCE>2
<FILENAME>c50327_ex99cert.htm
<TEXT>

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   <TITLE>c50327_ex99cert.htm -- Converted by SEC Publisher, created by BCL Technologies Inc., for SEC Filing</TITLE>
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<TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
<TR valign="bottom">
	<TD align=left nowrap>
<B><FONT size=2 face="serif">EX-99. CERT</FONT></B>
	</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<B><FONT size=2 face="serif">CERTIFICATION PURSUANT TO RULE 30a-2(a) UNDER THE 1940 ACT AND SECTION 302 OF</FONT></B>
	</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>

<B><FONT size=2 face="serif">THE SARBANES-OXLEY ACT OF 2002</FONT></B>
	</TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap style="border-bottom:1px solid #000000">&nbsp;</TD>
</TR>
</TABLE>
<BR>
<P align="left">
<FONT size=2 face="serif">I, Robert S. Kapito, President (principal executive officer) of BlackRock Investment Quality Municipal Trust, Inc., certify that: </FONT></P>
<P align="left">
<FONT size=2 face="serif">1.</FONT><FONT size=2 face="sans-serif"> </FONT><FONT size=2 face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I have reviewed this report on Form N-Q of BlackRock Investment Quality Municipal Trust, Inc.; </FONT></P>
<P align="left">
<FONT size=2 face="serif">2.</FONT><FONT size=2 face="sans-serif"> </FONT><FONT size=2 face="serif">&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.</FONT><FONT size=2 face="sans-serif"> </FONT><FONT size=2 face="serif">&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.</FONT><FONT size=2 face="sans-serif"> </FONT><FONT size=2 face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The registrant&#146;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:25px"><FONT size=2 face="serif">a)</FONT><FONT size=2 face="sans-serif"> </FONT><FONT size=2 face="serif">&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:25px"><FONT size=2 face="serif">b)</FONT> <FONT size=2 face="serif">&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:25px"><FONT size=2 face="serif">c)</FONT> <FONT size=2 face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;evaluated the effectiveness of the registrant&#146;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:25px"><FONT size=2 face="serif">d)</FONT> <FONT size=2 face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;disclosed in this report any change in the registrant&#146;s internal control over financial reporting that occurred during the registrant&#146;s
  most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant&#146;s
  internal control over financial reporting; and </FONT></P>
<P align="left">
<FONT size=2 face="serif">5.</FONT><FONT size=2 face="sans-serif"> </FONT><FONT size=2 face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The registrant&#146;s other certifying officer(s) and I have disclosed to the registrant&#146;s auditors and the audit committee of the
registrant&#146;s board of directors (or persons performing the equivalent functions): </FONT></P>
<P align="left" style="margin-left:25px">
<FONT size=2 face="serif">a)</FONT><FONT size=2 face="sans-serif"> </FONT><FONT size=2 face="serif">&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&#146;s ability to record, process, summarize, and report financial information; and </FONT></P>
<P align="left" style="margin-left:25px"><FONT size=2 face="serif">b)</FONT> <FONT size=2 face="serif">&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&#146;s
  internal control over financial reporting. </FONT></P>
<TABLE border=0 cellspacing=0 cellpadding=0>
  <TR valign="bottom">
    <TD align=left nowrap><font size=2 face="serif">Date: September 20, 2007</font></TD>
  </TR>
  <TR valign="bottom">
    <TD align=left nowrap>&nbsp;</TD>
  </TR>
<TR valign="bottom">
	<TD align=left width=100% nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="serif">/s/
	    Robert S. Kapito</FONT>
</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=100% nowrap>
<FONT size=2 face="serif">Robert S. Kapito,</FONT>
	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=100% nowrap>
<FONT size=2 face="serif">President (principal executive officer) of</FONT>
	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=100% nowrap>
<FONT size=2 face="serif">BlackRock Investment Quality Municipal Trust, Inc.</FONT>
	</TD>
</TR>
</TABLE>
<BR>

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


<TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
  <TR valign="bottom">
    <TD align=left nowrap><B><FONT size=2 face="serif">EX-99. CERT</FONT></B> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left nowrap><B><FONT size=2 face="serif">CERTIFICATION PURSUANT
          TO RULE 30a-2(a) UNDER THE 1940 ACT AND SECTION 302 OF</FONT></B> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left nowrap><B><FONT size=2 face="serif">THE SARBANES-OXLEY ACT
          OF 2002</FONT></B> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left nowrap style="border-bottom:1px solid #000000">&nbsp;</TD>
  </TR>
</TABLE>
<p><BR>
  <FONT size=2 face="serif">I, Donald C. Burke, Treasurer (principal financial officer) of BlackRock Investment Quality Municipal Trust, Inc., certify that: </FONT></p>
<P align="left">
<FONT size=2 face="serif">1.</FONT><FONT size=2 face="sans-serif"> </FONT><FONT size=2 face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I have reviewed this report on Form N-Q of BlackRock Investment Quality Municipal Trust, Inc.; </FONT></P>
<P align="left">
<FONT size=2 face="serif">2.</FONT><FONT size=2 face="sans-serif"> </FONT><FONT size=2 face="serif">&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.</FONT><FONT size=2 face="sans-serif"> </FONT><FONT size=2 face="serif">&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.</FONT><FONT size=2 face="sans-serif"> </FONT><FONT size=2 face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The registrant&#146;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:25px">
<FONT size=2 face="serif">a)</FONT><FONT size=2 face="sans-serif"> </FONT><FONT size=2 face="serif">&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:25px"><FONT size=2 face="serif">b)</FONT> <FONT size=2 face="serif">&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:25px"><FONT size=2 face="serif">c)</FONT> <FONT size=2 face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;evaluated the effectiveness of the registrant&#146;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:25px"><FONT size=2 face="serif">d)</FONT> <FONT size=2 face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;disclosed in this report any change in the registrant&#146;s internal control over financial reporting that occurred during the registrant&#146;s
  most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant&#146;s
  internal control over financial reporting; and </FONT></P>
<P align="left">
<FONT size=2 face="serif">5.</FONT><FONT size=2 face="sans-serif"> </FONT><FONT size=2 face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The registrant&#146;s other certifying officer(s) and I have disclosed to the registrant&#146;s auditors and the audit committee of the
registrant&#146;s board of directors (or persons performing the equivalent functions): </FONT></P>
<P align="left" style="margin-left:25px">
<FONT size=2 face="serif">a)</FONT><FONT size=2 face="sans-serif"> </FONT><FONT size=2 face="serif">&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&#146;s ability to record, process, summarize, and report financial information; and </FONT></P>
<P align="left" style="margin-left:25px"><FONT size=2 face="serif">b)</FONT> <FONT size=2 face="serif">&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&#146;s
  internal control over financial reporting. </FONT></P>
<TABLE border=0 cellspacing=0 cellpadding=0>
  <TR valign="bottom">
    <TD align=left nowrap><font size=2 face="serif">Date: September 20, 2007</font></TD>
  </TR>
  <TR valign="bottom">
    <TD align=left nowrap>&nbsp;</TD>
  </TR>
<TR valign="bottom">
	<TD align=left width=100% nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="serif">/s/
	    Donald C. Burke</FONT>
</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=100% nowrap>
<FONT size=2 face="serif">Donald C. Burke,</FONT>
	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=100% nowrap>
<FONT size=2 face="serif">Treasurer (principal financial officer) of</FONT>
	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=100% nowrap>
<FONT size=2 face="serif">BlackRock Investment Quality Municipal Trust, Inc.</FONT>
	</TD>
</TR>
</TABLE>
<BR>

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