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<SEC-DOCUMENT>0000930413-09-001705.txt : 20090331
<SEC-HEADER>0000930413-09-001705.hdr.sgml : 20090331
<ACCEPTANCE-DATETIME>20090331103505
ACCESSION NUMBER:		0000930413-09-001705
CONFORMED SUBMISSION TYPE:	N-Q
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20090131
FILED AS OF DATE:		20090331
DATE AS OF CHANGE:		20090331
EFFECTIVENESS DATE:		20090331

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:		09716493

	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>c56810_nq.htm
<TEXT>

<HTML>
<HEAD>
   <TITLE> -- Converted by SEC Publisher, created by BCL Technologies Inc., for SEC Filing</TITLE>
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<BODY bgcolor="#ffffff">



<P align="center">
<FONT face="serif">UNITED STATES </FONT><BR>
<FONT face="serif">SECURITIES AND EXCHANGE COMMISSION</FONT><BR>
<FONT face="serif">Washington, D.C. 20549 </FONT></P>
<P align="center">
<B><FONT face="serif">FORM N-Q</FONT></B></P>
<P align="center">
<B><FONT face="serif">QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED</FONT></B><BR>
<B><FONT face="serif">MANAGEMENT INVESTMENT COMPANY </FONT></B></P>
<P align="left">
<FONT 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. (BKN)</FONT></P>
<P align="left">
<FONT size=2 face="serif">Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809 </FONT></P>
<P align="left" style="text-indent:-20px;margin-left:20px;">
<FONT size=2 face="serif">Name and address of agent for service: Donald C. Burke, Chief Executive Officer, BlackRock Investment Quality Municipal Trust, Inc., 800 Scudders Mill Road, Plainsboro, NJ, 08536. Mailing address: P.O. Box 9011, Princeton,
NJ, 08543-9011 </FONT></P>
<P align="left">
<FONT size=2 face="serif">Registrant&#146;s telephone number, including area code: (800) 882-0052, Option 4 </FONT></P>
<P align="left">
<FONT size=2 face="serif">Date of fiscal year end: 10/31/2009 </FONT><BR>
<BR>
<FONT size=2 face="serif">Date of reporting period: 11/01/2008 &#150; 01/31/2009</FONT></P>

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

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


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


<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
  <TR valign="bottom">
    <TD align=left width=60% nowrap><B><FONT size=4 face="sans-serif">BlackRock
    Investment Quality Municipal Trust</FONT></B></TD>
    <TD align=right width=40% nowrap>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left width=60% nowrap style="border-bottom:1px solid #000000;"><B><FONT size=2 face="sans-serif">Schedule
    of Investments January 31, 2009 (Unaudited)</FONT></B></TD>
    <TD align=right width=40% nowrap style="border-bottom:1px solid #000000;"><B><FONT size=2 face="sans-serif"> (Percentages
    shown are based on Net Assets)</FONT></B></TD>
  </TR>
</TABLE>
<TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
<TR valign="bottom">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=61% align=left nowrap>&nbsp;	</TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<B><FONT size=2 face="sans-serif">Par</FONT></B>	</TD>
	<TD width=2% align=left nowrap>&nbsp;	</TD>
	<TD width=1% align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">State</FONT></B>	</TD>
	<TD width=61% align=left nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Municipal Bonds</FONT></B>	</TD>
	<TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">(000</FONT></B>	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">)</FONT></B>	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Value</FONT></B>	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>
<B><FONT size=2 face="sans-serif">Arizona - 5.3%</FONT></B>	</TD>
	<TD width=61% align=left nowrap>
<FONT size=2 face="sans-serif">Glendale, Arizona, Municipal Property Corporation, Excise Tax Revenue</FONT>	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=61% align=left nowrap>
<FONT size=2 face="sans-serif">Refunding Bonds, Series A, 4.50%, 7/01/32 (a)</FONT>	</TD>
	<TD align=right nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">1,150</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">1,034,482</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=61% align=left nowrap>
<FONT size=2 face="sans-serif">Goodyear, Arizona, GO, 4.25%, 7/01/36 (a)</FONT>	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">2,125</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">1,793,415</FONT>	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=center>&nbsp;</TD>
    <TD width=61% align=center><div align="left"><font size=2 face="sans-serif">McAllister Academic Village,
    LLC, Arizona, Revenue Refunding Bonds</font></div></TD>
    <TD align=center>&nbsp;</TD>
    <TD width=10% align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD width=10% align=center>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=61% align=left nowrap>
<FONT size=2 face="sans-serif">(Arizona State University - Hassayampa Academic Village Project), 5%,</FONT>	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=61% align=left nowrap>
<FONT size=2 face="sans-serif">7/01/38</FONT>	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">2,000</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">1,827,820</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=61% align=left nowrap>
<FONT size=2 face="sans-serif">Salt Verde Financial Corporation, Arizona, Senior Gas Revenue Bonds,</FONT>	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=61% align=left nowrap>
<FONT size=2 face="sans-serif">5%, 12/01/32</FONT>	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">1,035</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">690,459</FONT>	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=61% align=left>
<FONT size=2 face="sans-serif">Salt Verde Financial Corporation, Arizona, Senior Gas Revenue Bonds,</FONT>	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=61% align=left nowrap>
<FONT size=2 face="sans-serif">5%, 12/01/37</FONT>	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">4,585</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">2,975,069</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=center>&nbsp;</TD>
    <TD width=61% align=center><div align="left"><font size=2 face="sans-serif">San Luis, Arizona, Facilities
    Development Corporation, Senior Lien</font></div></TD>
    <TD align=center>&nbsp;</TD>
    <TD width=10% align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD width=10% align=center>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=61% align=left nowrap>
<FONT size=2 face="sans-serif">Revenue Bonds (Regional Detention Center Project), 6.25%, 5/01/15</FONT>	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">490</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">417,338</FONT>	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=center>&nbsp;</TD>
    <TD width=61% align=center><div align="left"><font size=2 face="sans-serif">San Luis, Arizona, Facilities
    Development Corporation, Senior Lien</font></div></TD>
    <TD align=center>&nbsp;</TD>
    <TD width=10% align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD width=10% align=center>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=61% align=left nowrap>
<FONT size=2 face="sans-serif">Revenue Bonds (Regional Detention Center Project), 7%, 5/01/20</FONT>	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">490</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">400,482</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=center>&nbsp;</TD>
    <TD width=61% align=center><div align="left"><font size=2 face="sans-serif">San Luis, Arizona, Facilities
    Development Corporation, Senior Lien</font></div></TD>
    <TD align=center>&nbsp;</TD>
    <TD width=10% align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD width=10% align=center>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=61% align=left nowrap>
<FONT size=2 face="sans-serif">Revenue Bonds (Regional Detention Center Project), 7.25%, 5/01/27</FONT>	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">980</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">772,720</FONT>	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=61% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">9,911,785</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>
<B><FONT size=2 face="sans-serif">California - 20.7%</FONT></B>	</TD>
	<TD width=61% align=left nowrap>
<FONT size=2 face="sans-serif">California County Tobacco Securitization Agency, Tobacco Revenue</FONT>	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=61% align=left nowrap>
<FONT size=2 face="sans-serif">Bonds (Stanislaus County Tobacco Funding Corporation), Sub-Series C,</FONT>	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=61% align=left nowrap>
<FONT size=2 face="sans-serif">6.299%, 6/01/55 (b)</FONT>	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">7,090</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">40,058</FONT>	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=61% align=left nowrap>
<FONT size=2 face="sans-serif">California State Department of Veteran Affairs, Home Purchase</FONT>	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=61% align=left nowrap>
<FONT size=2 face="sans-serif">Revenue Bonds, AMT, Series B, 5.25%, 12/01/37</FONT>	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">5,000</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">3,880,950</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=61% align=left nowrap>
<FONT size=2 face="sans-serif">California State, GO, 5%, 3/01/33 (c)</FONT>	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">5,000</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">4,544,300</FONT>	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=61% align=left nowrap>
<FONT size=2 face="sans-serif">California State, GO, Refunding, 5.625%, 5/01/18</FONT>	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">290</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">304,477</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=61% align=left nowrap>
<FONT size=2 face="sans-serif">California State, GO, Refunding, 5%, 2/01/32</FONT>	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">5,800</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">5,310,306</FONT>	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=61% align=left nowrap>
<FONT size=2 face="sans-serif">California State, GO, Refunding, 5%, 6/01/32</FONT>	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">4,545</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">4,156,539</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=61% align=left nowrap>
<FONT size=2 face="sans-serif">Foothill/Eastern Corridor Agency, California, Toll Road Revenue</FONT>	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=61% align=left nowrap>
<FONT size=2 face="sans-serif">Refunding Bonds, 5.791%, 7/15/28 (d)</FONT>	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">7,000</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">5,990,950</FONT>	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=61% align=left nowrap>
<FONT size=2 face="sans-serif">Foothill/Eastern Corridor Agency, California, Toll Road Revenue</FONT>	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=61% align=left nowrap>
<FONT size=2 face="sans-serif">Refunding Bonds, 5.75%, 1/15/40</FONT>	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">3,495</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">2,607,934</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=61% align=left nowrap>
<FONT size=2 face="sans-serif">Golden State Tobacco Securitization Corporation of California, Tobacco</FONT>	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=61% align=left nowrap>
<FONT size=2 face="sans-serif">Settlement Revenue Refunding Bonds, Senior Series A-1, 5.125%,</FONT>	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=61% align=left nowrap>
<FONT size=2 face="sans-serif">6/01/47</FONT>	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">805</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">430,675</FONT>	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=center>&nbsp;</TD>
    <TD width=61% align=center><div align="left"><font size=2 face="sans-serif">Los Altos, California, School
    District, GO (Election of 1998), Series B,</font></div></TD>
    <TD align=center>&nbsp;</TD>
    <TD width=10% align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD width=10% align=center>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=61% align=left nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">5.93%, 8/01/13 (b)(e)(f)</FONT>	</TD>
	<TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">10,945</FONT>	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">5,390,850</FONT>	</TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Portfolio Abbreviations</FONT></B>	</TD>
	<TD width=61% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
</TR>
</TABLE>
<BR>
<TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
<TR valign="bottom">
	<TD align=left nowrap colspan=7>
<FONT size=2 face="sans-serif">To simplify the listings of portfolio holdings in the Schedule of Investments, the names and</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap colspan=7>
<FONT size=2 face="sans-serif">descriptions of many of the securities have been abbreviated according to the list below.</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<B><FONT size=2 face="sans-serif">AMT</FONT></B>	</TD>
	<TD>&nbsp;	</TD>
	<TD align=left nowrap>
<FONT size=2 face="sans-serif">Alternative Minimum Tax (subject to)</FONT>	</TD>
	<TD>&nbsp;	</TD>
	<TD align=left nowrap>
<B><FONT size=2 face="sans-serif">HFA</FONT></B>	</TD>
	<TD>&nbsp;	</TD>
	<TD align=left nowrap>
<FONT size=2 face="sans-serif">Housing Finance Agency</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<B><FONT size=2 face="sans-serif">EDA</FONT></B>	</TD>
	<TD>&nbsp;	</TD>
	<TD align=left nowrap>
<FONT size=2 face="sans-serif">Economic Development Authority</FONT>	</TD>
	<TD>&nbsp;	</TD>
	<TD align=left nowrap>
<B><FONT size=2 face="sans-serif">IDA</FONT></B>	</TD>
	<TD>&nbsp;	</TD>
	<TD align=left nowrap>
<FONT size=2 face="sans-serif">Industrial Development Authority</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<B><FONT size=2 face="sans-serif">EDR</FONT></B>	</TD>
	<TD>&nbsp;	</TD>
	<TD align=left nowrap>
<FONT size=2 face="sans-serif">Economic Development Revenue Bonds</FONT>	</TD>
	<TD>&nbsp;	</TD>
	<TD align=left nowrap>
<B><FONT size=2 face="sans-serif">PILOT</FONT></B>	</TD>
	<TD>&nbsp;	</TD>
	<TD align=left nowrap>
<FONT size=2 face="sans-serif">Payment in Lieu of Taxes</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<B><FONT size=2 face="sans-serif">GO</FONT></B>	</TD>
	<TD>&nbsp;	</TD>
	<TD align=left nowrap>
<FONT size=2 face="sans-serif">General Obligation Bonds</FONT>	</TD>
	<TD>&nbsp;	</TD>
	<TD align=left nowrap>
<B><FONT size=2 face="sans-serif">S/F</FONT></B>	</TD>
	<TD>&nbsp;	</TD>
	<TD align=left nowrap>
<FONT size=2 face="sans-serif">Single-Family</FONT>	</TD>
</TR>
</TABLE><BR>
<P align="center">
<FONT size=2 face="sans-serif">1</FONT></P>

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



<P STYLE="page-break-before:always"></P><PAGE>
<A name="page_2"></A>

<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
  <TR valign="bottom">
    <TD align=left width=60% nowrap><B><FONT size=4 face="sans-serif">BlackRock
          Investment Quality Municipal Trust</FONT></B></TD>
    <TD align=right width=40% nowrap>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left width=60% nowrap style="border-bottom:1px solid #000000;"><B><FONT size=2 face="sans-serif">Schedule
          of Investments January 31, 2009 (Unaudited)</FONT></B></TD>
    <TD align=right width=40% nowrap style="border-bottom:1px solid #000000;"><B><FONT size=2 face="sans-serif"> (Percentages
          shown are based on Net Assets)</FONT></B></TD>
  </TR>
</TABLE>
<TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
<TR valign="bottom">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=60% align=left nowrap>	<div align="left"></div></TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<B><FONT size=2 face="sans-serif">Par</FONT></B>	</TD>
	<TD width=3% align=left nowrap>&nbsp;	</TD>
	<TD width=1% align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">State</FONT></B>	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">
      <div align="left"><B><FONT size=2 face="sans-serif">Municipal Bonds</FONT></B> </div></TD>
	<TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">(000</FONT></B>	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">)</FONT></B>	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Value</FONT></B>	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=center>&nbsp;</TD>
    <TD align=center><div align="left"><font size=2 face="sans-serif">Sacramento County,
    California, Airport System Revenue Bonds, AMT,</font></div></TD>
    <TD align=center>&nbsp;</TD>
    <TD width=10% align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD width=10% align=center>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Senior Series A, 5%, 7/01/41 (a)</FONT> </div></TD>
	<TD align=right nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">2,000</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">1,863,660</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>
      <div align="left"><FONT size=2 face="sans-serif">University of California Revenue Bonds, Series B, 4.75%, 5/15/38</FONT> </div></TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">4,185</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">3,741,055</FONT>	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">	<div align="left">&nbsp;</div></TD>
	<TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">38,261,754</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>
<B><FONT size=2 face="sans-serif">Colorado -1.3%</FONT></B>	</TD>
	<TD align=left nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Colorado Health Facilities Authority, Revenue Refunding Bonds (Poudre</FONT> </div></TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Valley Health Care), Series B, 5.25%, 3/01/36 (a)</FONT> </div></TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">1,750</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">1,518,685</FONT>	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=center>&nbsp;</TD>
    <TD align=center><div align="left"><font size=2 face="sans-serif">Colorado Springs,
    Colorado, Utilities System Improvement Revenue</font></div></TD>
    <TD align=center>&nbsp;</TD>
    <TD width=10% align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD width=10% align=center>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Bonds, Subordinate Lien, Series C, 5%, 11/15/45 (a)</FONT> </div></TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">1,030</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">952,039</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">	<div align="left">&nbsp;</div></TD>
	<TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">2,470,724</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>
<B><FONT size=2 face="sans-serif">Connecticut - 2.3%</FONT></B>	</TD>
	<TD align=left nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Connecticut State Health and Educational Facilities Authority Revenue</FONT> </div></TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Bonds (Quinnipiac University), Series J, 5%, 7/01/37 (e)</FONT> </div></TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">2,500</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">2,297,750</FONT>	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=center>&nbsp;</TD>
    <TD align=center><div align="left"><font size=2 face="sans-serif">Mashantucket Western
    Pequot Tribe, Connecticut, Special Revenue</font></div></TD>
    <TD align=center>&nbsp;</TD>
    <TD width=10% align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD width=10% align=center>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Refunding Bonds, Sub-Series A, 5.50%, 9/01/28</FONT> </div></TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">3,000</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">1,892,820</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">	<div align="left">&nbsp;</div></TD>
	<TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">4,190,570</FONT>	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>
<B><FONT size=2 face="sans-serif">District of Columbia - 1.8%</FONT></B>	</TD>
	<TD align=left nowrap>
      <div align="left"><FONT size=2 face="sans-serif">District of Columbia Tobacco Settlement Financing Corporation, Asset-</FONT> </div></TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">
      <div align="left"><FONT size=2 face="sans-serif">Backed Revenue Refunding Bonds, 6.50%, 5/15/33</FONT> </div></TD>
	<TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">4,960</FONT>	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">3,388,573</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>
<B><FONT size=2 face="sans-serif">Florida - 15.1%</FONT></B>	</TD>
	<TD align=left nowrap>
      <div align="left"><FONT size=2 face="sans-serif">FishHawk Community Development District II, Florida, Special</FONT> </div></TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Assessment and Tax Allocation Bonds, Series A, 6.125%, 5/01/34</FONT> </div></TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">2,020</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">1,530,938</FONT>	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=center>&nbsp;</TD>
    <TD align=center><div align="left"><font size=2 face="sans-serif">Hillsborough County,
    Florida, IDA, Exempt Facilities Revenue Bonds</font></div></TD>
    <TD align=center>&nbsp;</TD>
    <TD width=10% align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD width=10% align=center>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>
      <div align="left"><FONT size=2 face="sans-serif">(National Gypsum Company), AMT, Series A,</FONT> </div></TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>
      <div align="left"><FONT size=2 face="sans-serif">7.125%, 4/01/30</FONT> </div></TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">3,700</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">2,018,054</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=center>&nbsp;</TD>
    <TD align=center><div align="left"><font size=2 face="sans-serif">Miami Beach, Florida,
    Health Facilities Authority, Hospital Revenue</font></div></TD>
    <TD align=center>&nbsp;</TD>
    <TD width=10% align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD width=10% align=center>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Refunding Bonds (Mount Sinai Medical Center of Florida), 6.75%,</FONT> </div></TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>
      <div align="left"><FONT size=2 face="sans-serif">11/15/21</FONT> </div></TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">3,770</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">2,862,297</FONT>	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=center>&nbsp;</TD>
    <TD align=center><div align="left"><font size=2 face="sans-serif">Miami-Dade County,
    Florida, Special Obligation Revenue Bonds, Sub-</font></div></TD>
    <TD align=center>&nbsp;</TD>
    <TD width=10% align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD width=10% align=center>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Series A, 5.189%, 10/01/31 (b)(e)</FONT> </div></TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">3,380</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">690,534</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=center>&nbsp;</TD>
    <TD align=center><div align="left"><font size=2 face="sans-serif">Miami-Dade County,
    Florida, Special Obligation Revenue Bonds, Sub-</font></div></TD>
    <TD align=center>&nbsp;</TD>
    <TD width=10% align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD width=10% align=center>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Series A, 5.199%, 10/01/32 (b)(e)</FONT> </div></TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">4,225</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">797,807</FONT>	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=center>&nbsp;</TD>
    <TD align=center><div align="left"><font size=2 face="sans-serif">Miami-Dade County,
    Florida, Special Obligation Revenue Bonds, Sub-</font></div></TD>
    <TD align=center>&nbsp;</TD>
    <TD width=10% align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD width=10% align=center>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Series A, 5.209%, 10/01/33 (b)(e)</FONT> </div></TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">4,000</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">699,280</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=center>&nbsp;</TD>
    <TD align=center><div align="left"><font size=2 face="sans-serif">Miami-Dade County,
    Florida, Special Obligation Revenue Bonds, Sub-</font></div></TD>
    <TD align=center>&nbsp;</TD>
    <TD width=10% align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD width=10% align=center>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Series A, 5.209%, 10/01/34 (b)(e)</FONT> </div></TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">4,580</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">740,494</FONT>	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=center>&nbsp;</TD>
    <TD align=center><div align="left"><font size=2 face="sans-serif">Miami-Dade County,
    Florida, Special Obligation Revenue Bonds, Sub-</font></div></TD>
    <TD align=center>&nbsp;</TD>
    <TD width=10% align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD width=10% align=center>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Series A, 5.219%, 10/01/35 (b)(e)</FONT> </div></TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">5,000</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">751,250</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=center>&nbsp;</TD>
    <TD align=center><div align="left"><font size=2 face="sans-serif">Miami-Dade County,
    Florida, Special Obligation Revenue Bonds, Sub-</font></div></TD>
    <TD align=center>&nbsp;</TD>
    <TD width=10% align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD width=10% align=center>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Series A, 5.229%, 10/01/36 (b)(e)</FONT> </div></TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">10,000</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">1,396,400</FONT>	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=center>&nbsp;</TD>
    <TD align=center><div align="left"><font size=2 face="sans-serif">Miami-Dade County,
    Florida, Special Obligation Revenue Bonds, Sub-</font></div></TD>
    <TD align=center>&nbsp;</TD>
    <TD width=10% align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD width=10% align=center>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Series A, 5.239%, 10/01/37 (b)(e)</FONT> </div></TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">10,000</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">1,297,300</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Orange County, Florida, Tourist Development, Tax Revenue Refunding</FONT> </div></TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Bonds, 4.75%, 10/01/32 (g)</FONT> </div></TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">7,895</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">6,483,137</FONT>	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Sumter Landing Community Development District, Florida, Recreational</FONT> </div></TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Revenue Bonds, Sub-Series B, 5.70%, 10/01/38</FONT> </div></TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">3,685</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">2,237,606</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=center>&nbsp;</TD>
    <TD align=center><div align="left"><font size=2 face="sans-serif">Village Community
    Development District Number 5, Florida, Special</font></div></TD>
    <TD align=center>&nbsp;</TD>
    <TD width=10% align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD width=10% align=center>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Assessment Bonds, 5.625%, 5/01/22</FONT> </div></TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">7,740</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">6,402,683</FONT>	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">	<div align="left">&nbsp;</div></TD>
	<TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">27,907,780</FONT>	</TD>
</TR>
</TABLE>
<BR>
<P align="center">
<FONT size=2 face="sans-serif">2</FONT></P>

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



<P STYLE="page-break-before:always"></P><PAGE>
<A name="page_3"></A>

<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
  <TR valign="bottom">
    <TD align=left width=60% nowrap><B><FONT size=4 face="sans-serif">BlackRock
          Investment Quality Municipal Trust</FONT></B></TD>
    <TD align=right width=40% nowrap>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left width=60% nowrap style="border-bottom:1px solid #000000;"><B><FONT size=2 face="sans-serif">Schedule
          of Investments January 31, 2009 (Unaudited)</FONT></B></TD>
    <TD align=right width=40% nowrap style="border-bottom:1px solid #000000;"><B><FONT size=2 face="sans-serif"> (Percentages
          shown are based on Net Assets)</FONT></B></TD>
  </TR>
</TABLE>
<TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
<TR valign="bottom">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<B><FONT size=2 face="sans-serif">Par</FONT></B>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">State</FONT></B>	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Municipal Bonds</FONT></B>	</TD>
	<TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">(000</FONT></B>	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">)</FONT></B>	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Value</FONT></B>	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>
<B><FONT size=2 face="sans-serif">Georgia - 3.1%</FONT></B>	</TD>
	<TD align=left nowrap>
<FONT size=2 face="sans-serif">Atlanta, Georgia, Water and Wastewater Revenue Bonds, 5%,</FONT>	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>
<FONT size=2 face="sans-serif">11/01/34 (a)</FONT>	</TD>
	<TD align=right nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">4,000</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">3,716,600</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=center>&nbsp;</TD>
    <TD align=center><div align="left"><font size=2 face="sans-serif">Main Street Natural Gas,
    Inc., Georgia, Gas Project Revenue Bonds,</font></div></TD>
    <TD align=center>&nbsp;</TD>
    <TD width=10% align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD width=10% align=center>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>
<FONT size=2 face="sans-serif">Series A, 6.375%, 7/15/38 (h)(i)</FONT>	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">1,000</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">197,490</FONT>	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap bgcolor="#E6E6E6">&nbsp;	</TD>
	<TD align=left nowrap>
<FONT size=2 face="sans-serif">Milledgeville-Baldwin County, Georgia, Development Authority Revenue</FONT>	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>
<FONT size=2 face="sans-serif">Bonds (Georgia College and State University Foundation),</FONT>	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>
<FONT size=2 face="sans-serif">6%, 9/01/14 (f)</FONT>	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">1,500</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">1,850,175</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">5,764,265</FONT>	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>
<B><FONT size=2 face="sans-serif">Hawaii - 1.3%</FONT></B>	</TD>
	<TD align=left nowrap>
<FONT size=2 face="sans-serif">Hawaii State Department of Budget and Finance, Special Purpose</FONT>	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=center>&nbsp;</TD>
    <TD align=center><div align="left"><font size=2 face="sans-serif">Revenue Refunding Bonds (Hawaiian
    Electric Company, Inc.), AMT,</font></div></TD>
    <TD align=center>&nbsp;</TD>
    <TD width=10% align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD width=10% align=center>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">Series D, 6.15%, 1/01/20 (j)</FONT>	</TD>
	<TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">2,500</FONT>	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">2,296,550</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>
<B><FONT size=2 face="sans-serif">Idaho - 2.0%</FONT></B>	</TD>
	<TD align=left nowrap>
<FONT size=2 face="sans-serif">Idaho HFA, Grant and Revenue Anticipation Bonds (Federal Highway</FONT>	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>
<FONT size=2 face="sans-serif">Trust Fund), Series A, 5%, 7/15/27</FONT>	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">1,200</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">1,202,880</FONT>	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=center>&nbsp;</TD>
    <TD align=center><div align="left"><font size=2 face="sans-serif">Idaho Health Facilities Authority,
    Revenue Refunding Bonds (Trinity</font></div></TD>
    <TD align=center>&nbsp;</TD>
    <TD width=10% align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD width=10% align=center>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>
<FONT size=2 face="sans-serif">Health Group), Series B, 6.25%, 12/01/33</FONT>	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">2,500</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">2,516,525</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">3,719,405</FONT>	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>
<B><FONT size=2 face="sans-serif">Illinois - 13.7%</FONT></B>	</TD>
	<TD align=left nowrap>
<FONT size=2 face="sans-serif">Bolingbrook, Illinois, GO, Refunding, Series A, 4.75%, 1/01/38 (e)</FONT>	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">6,500</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">5,314,205</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>
<FONT size=2 face="sans-serif">CenterPoint Intermodal Center Program Trust, Illinois, Tax Allocation</FONT>	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>
<FONT size=2 face="sans-serif">Bonds, Class A, 8%, 6/15/23 (k)</FONT>	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">1,920</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">1,476,384</FONT>	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>
<FONT size=2 face="sans-serif">Chicago, Illinois, O'Hare International Airport Revenue Refunding Bonds,</FONT>	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>
<FONT size=2 face="sans-serif">Third Lien, AMT, Series C-2, 5.25%, 1/01/30 (a)</FONT>	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">3,540</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">3,012,505</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>
<FONT size=2 face="sans-serif">Chicago, Illinois, Public Building Commission, Building Revenue Bonds,</FONT>	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>
<FONT size=2 face="sans-serif">Series A, 7%, 1/01/20 (e)(l)</FONT>	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">5,000</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">6,460,350</FONT>	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>
<FONT size=2 face="sans-serif">Illinois Municipal Electric Agency, Power Supply Revenue Bonds, 4.50%,</FONT>	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>
<FONT size=2 face="sans-serif">2/01/35 (e)(m)</FONT>	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">1,145</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">957,128</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=center>&nbsp;</TD>
    <TD align=center><div align="left"><font size=2 face="sans-serif">Illinois State Finance Authority
    Revenue Bonds (Friendship Village of</font></div></TD>
    <TD align=center>&nbsp;</TD>
    <TD width=10% align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD width=10% align=center>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>
<FONT size=2 face="sans-serif">Schaumburg), Series A, 5.625%, 2/15/37</FONT>	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">690</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">378,099</FONT>	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>
<FONT size=2 face="sans-serif">Illinois State Finance Authority Revenue Bonds (Monarch Landing, Inc.</FONT>	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>
<FONT size=2 face="sans-serif">Project), Series A, 7%, 12/01/37</FONT>	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">1,155</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">771,528</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>
<FONT size=2 face="sans-serif">Illinois State Finance Authority Revenue Bonds (Northwestern Memorial</FONT>	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>
<FONT size=2 face="sans-serif">Hospital), Series A, 5.50%, 8/15/14 (f)</FONT>	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">5,800</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">6,941,556</FONT>	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>
<FONT size=2 face="sans-serif">Illinois State Finance Authority, Student Housing Revenue Bonds (MJH</FONT>	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>
<FONT size=2 face="sans-serif">Education Assistance IV LLC), Sub-Series B, 5.375%, 6/01/35 (h)(i)</FONT>	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">700</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">68,950</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">25,380,705</FONT>	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>
<B><FONT size=2 face="sans-serif">Kentucky - 4.4%</FONT></B>	</TD>
	<TD align=left nowrap>
<FONT size=2 face="sans-serif">Kentucky Economic Development Finance Authority, Health System</FONT>	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>
<FONT size=2 face="sans-serif">Revenue Refunding Bonds (Norton Healthcare, Inc.), Series B, 6.188%,</FONT>	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>
<FONT size=2 face="sans-serif">10/01/23 (b)(e)</FONT>	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">13,500</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">5,206,275</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>
<FONT size=2 face="sans-serif">Kentucky Economic Development Financing Authority, Louisville Arena</FONT>	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>
<FONT size=2 face="sans-serif">Project Revenue Bonds (Louisville Arena Authority, Inc.),</FONT>	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>
<FONT size=2 face="sans-serif">Sub-Series A-1, 6%, 12/01/38 (n)</FONT>	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">700</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">696,080</FONT>	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=center>&nbsp;</TD>
    <TD align=center><div align="left"><font size=2 face="sans-serif">Louisville and Jefferson
    County, Kentucky, Metropolitan Government</font></div></TD>
    <TD align=center>&nbsp;</TD>
    <TD width=10% align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD width=10% align=center>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>
<FONT size=2 face="sans-serif">Health Facilities, Revenue Refunding Bonds (Jewish Hospital and Saint</FONT>	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>
<FONT size=2 face="sans-serif">Mary's HealthCare), 6.125%, 2/01/37</FONT>	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">2,250</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">2,198,497</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">8,100,852</FONT>	</TD>
</TR>
</TABLE>
<BR>
<P align="center">
<FONT size=2 face="sans-serif">3</FONT></P>

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



<P STYLE="page-break-before:always"></P><PAGE>
<A name="page_4"></A>

<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
  <TR valign="bottom">
    <TD align=left width=60% nowrap><B><FONT size=4 face="sans-serif">BlackRock
          Investment Quality Municipal Trust</FONT></B></TD>
    <TD align=right width=40% nowrap>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left width=60% nowrap style="border-bottom:1px solid #000000;"><B><FONT size=2 face="sans-serif">Schedule
          of Investments January 31, 2009 (Unaudited)</FONT></B></TD>
    <TD align=right width=40% nowrap style="border-bottom:1px solid #000000;"><B><FONT size=2 face="sans-serif"> (Percentages
          shown are based on Net Assets)</FONT></B></TD>
  </TR>
</TABLE>

<TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
<TR valign="bottom">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD width=62% align=left nowrap>

	  <div align="left"></div></TD>
	<TD width=1% align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<B><FONT size=2 face="sans-serif">Par</FONT></B>	</TD>
	<TD width=1% align=left nowrap>&nbsp;	</TD>
	<TD width=1% align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">State</FONT></B>	</TD>
	<TD align=right nowrap style="border-bottom:1px solid #000000;">
      <div align="left"><B><FONT size=2 face="sans-serif">Municipal Bonds</FONT></B> </div></TD>
	<TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">(000</FONT></B>	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">)</FONT></B>	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Value</FONT></B>	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>
<B><FONT size=2 face="sans-serif">Maryland - 3.2%</FONT></B>	</TD>
	<TD align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Maryland State Community Development Administration, Department of</FONT> </div></TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Housing and Community Development, Residential Revenue Refunding</FONT> </div></TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Bonds, AMT, Series A, 4.80%, 9/01/42</FONT> </div></TD>
	<TD align=right nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">3,000</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">2,336,850</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=center>&nbsp;</TD>
    <TD align=center><div align="left"><font size=2 face="sans-serif">Maryland State Health and
    Higher Educational Facilities Authority</font></div></TD>
    <TD align=center>&nbsp;</TD>
    <TD width=10% align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD width=10% align=center>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Revenue Bonds (Anne Arundel Health System), Series A, 6.75%, 7/01/39</FONT> </div></TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">1,500</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">1,496,040</FONT>	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=center>&nbsp;</TD>
    <TD align=center><div align="left"><font size=2 face="sans-serif">Maryland State Health and
    Higher Educational Facilities Authority,</font></div></TD>
    <TD align=center>&nbsp;</TD>
    <TD width=10% align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD width=10% align=center>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Mortgage Revenue Refunding Bonds (Western Maryland Health System),</FONT> </div></TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">4.375%, 7/01/36 (e)(o)</FONT> </div></TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">750</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">582,202</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=center>&nbsp;</TD>
    <TD align=center><div align="left"><font size=2 face="sans-serif">Maryland State Health and
    Higher Educational Facilities Authority,</font></div></TD>
    <TD align=center>&nbsp;</TD>
    <TD width=10% align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD width=10% align=center>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Revenue Refunding Bonds (MedStar Health, Inc.), 5.50%, 8/15/33</FONT> </div></TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">1,740</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">1,516,462</FONT>	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">

	  <div align="left">&nbsp;</div></TD>
	<TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">5,931,554</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>
<B><FONT size=2 face="sans-serif">Michigan - 3.8%</FONT></B>	</TD>
	<TD align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Michigan State Building Authority, Revenue Refunding Bonds (Facilities</FONT> </div></TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Program), Series I, 6.25%, 10/15/38</FONT> </div></TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">1,875</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">1,959,694</FONT>	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=center>&nbsp;</TD>
    <TD align=center><div align="left"><font size=2 face="sans-serif">Michigan State Hospital Finance
    Authority, Revenue Refunding Bonds</font></div></TD>
    <TD align=center>&nbsp;</TD>
    <TD width=10% align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD width=10% align=center>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">(Henry Ford Health System), Series A, 5.25%, 11/15/46</FONT> </div></TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">1,670</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">1,084,632</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=center>&nbsp;</TD>
    <TD align=center><div align="left"><font size=2 face="sans-serif">Royal Oak, Michigan, Hospital
    Finance Authority, Hospital Revenue</font></div></TD>
    <TD align=center>&nbsp;</TD>
    <TD width=10% align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD width=10% align=center>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Refunding Bonds (William Beaumont Hospital), 8.25%, 9/01/39</FONT> </div></TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">4,000</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">4,087,040</FONT>	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">

	  <div align="left">&nbsp;</div></TD>
	<TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">7,131,366</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>
<B><FONT size=2 face="sans-serif">Minnesota - 2.0%</FONT></B>	</TD>
	<TD align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Minneapolis, Minnesota, Health Care System, Revenue Refunding Bonds</FONT> </div></TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right nowrap style="border-bottom:1px solid #000000;">
      <div align="left"><FONT size=2 face="sans-serif">(Fairview Health Services), Series B, 6.50%, 11/15/38 (n)</FONT> </div></TD>
	<TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">3,500</FONT>	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">3,696,770</FONT>	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>
<B><FONT size=2 face="sans-serif">Missouri - 5.3%</FONT></B>	</TD>
	<TD align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Missouri Joint Municipal Electric Utility Commission, Power Project</FONT> </div></TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Revenue Bonds (Plum Point Project), 4.60%, 1/01/36 (e)</FONT> </div></TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">2,820</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">1,861,736</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=center>&nbsp;</TD>
    <TD align=center><div align="left"><font size=2 face="sans-serif">Missouri State Health and
    Educational Facilities Authority, Health</font></div></TD>
    <TD align=center>&nbsp;</TD>
    <TD width=10% align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD width=10% align=center>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Facilities Revenue Bonds (Saint Luke's Health System), Series A, 5.50%,</FONT> </div></TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">11/15/35</FONT> </div></TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">3,750</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">3,459,150</FONT>	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Missouri State Housing Development Commission, S/F Mortgage Revenue</FONT> </div></TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=center>&nbsp;</TD>
    <TD align=center><div align="left"><font size=2 face="sans-serif">Refunding Bonds (Homeownership
    Loan Program), AMT, Series B-1,</font></div></TD>
    <TD align=center>&nbsp;</TD>
    <TD width=10% align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD width=10% align=center>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">5.05%, 3/01/38 (p)(q)(r)</FONT> </div></TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">4,955</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">4,583,177</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">

	  <div align="left">&nbsp;</div></TD>
	<TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">9,904,063</FONT>	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>
<B><FONT size=2 face="sans-serif">Multi State - 5.6%</FONT></B>	</TD>
	<TD align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Charter Mac Equity Issuer Trust, 7.60%, 11/30/50 (k)(s)</FONT> </div></TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">7,000</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">7,377,160</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">MuniMae TE Bond Subsidiary LLC, 7.75%, 6/30/50 (k)(s)</FONT> </div></TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">4,000</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">3,059,360</FONT>	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">

	  <div align="left">&nbsp;</div></TD>
	<TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">10,436,520</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>
<B><FONT size=2 face="sans-serif">Nebraska - 2.7%</FONT></B>	</TD>
	<TD align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Omaha Public Power District, Nebraska, Electric System Revenue Bonds,</FONT> </div></TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Series A, 5%, 2/01/34</FONT> </div></TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">2,500</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">2,420,300</FONT>	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Omaha Public Power District, Nebraska, Electric System Revenue Bonds,</FONT> </div></TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Series A, 4.75%, 2/01/44</FONT> </div></TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">2,765</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">2,499,726</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">

	  <div align="left">&nbsp;</div></TD>
	<TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">4,920,026</FONT>	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>
<B><FONT size=2 face="sans-serif">Nevada - 1.0%</FONT></B>	</TD>
	<TD align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Clark County, Nevada, EDR, Refunding (Alexander Dawson School of</FONT> </div></TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right nowrap style="border-bottom:1px solid #000000;">
      <div align="left"><FONT size=2 face="sans-serif">Nevada Project), 5%, 5/15/29</FONT> </div></TD>
	<TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">2,065</FONT>	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">1,800,288</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>
<B><FONT size=2 face="sans-serif">New Jersey - 4.0%</FONT></B>	</TD>
	<TD align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Middlesex County, New Jersey, Improvement Authority, Subordinate</FONT> </div></TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Revenue Bonds (Heldrich Center Hotel/Conference Project),</FONT> </div></TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Series B, 6.25%, 1/01/37</FONT> </div></TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">1,510</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">852,380</FONT>	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">New Jersey EDA, Cigarette Tax Revenue Bonds, 5.75%, 6/15/29</FONT> </div></TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">7,000</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">5,209,330</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">New Jersey State Housing and Mortgage Finance Agency Revenue Bonds,</FONT> </div></TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD width=10% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD width=15% align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Series AA, 6.50%, 10/01/38</FONT> </div></TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="sans-serif">1,250</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">1,318,675</FONT>	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD width=15% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">

	  <div align="left">&nbsp;</div></TD>
	<TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">7,380,385</FONT>	</TD>
</TR>
</TABLE>
<BR>
<P align="center">
<FONT size=2 face="sans-serif">4</FONT></P>

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



<P STYLE="page-break-before:always"></P><PAGE>
<A name="page_5"></A>

<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
  <TR valign="bottom">
    <TD align=left width=60% nowrap><B><FONT size=4 face="sans-serif">BlackRock
          Investment Quality Municipal Trust</FONT></B></TD>
    <TD align=right width=40% nowrap>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left width=60% nowrap style="border-bottom:1px solid #000000;"><B><FONT size=2 face="sans-serif">Schedule
          of Investments January 31, 2009 (Unaudited)</FONT></B></TD>
    <TD align=right width=40% nowrap style="border-bottom:1px solid #000000;"><B><FONT size=2 face="sans-serif"> (Percentages
          shown are based on Net Assets)</FONT></B></TD>
  </TR>
</TABLE>
<TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
<TR valign="bottom">
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>	<div align="left"></div></TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD align=right nowrap>
<B><FONT size=2 face="sans-serif">Par</FONT></B>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">State</FONT></B>	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">
      <div align="left"><B><FONT size=2 face="sans-serif">Municipal Bonds</FONT></B> </div></TD>
	<TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">(000</FONT></B>	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">)</FONT></B>	</TD>
	<TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Value</FONT></B>	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left nowrap>
<B><FONT size=2 face="sans-serif">New York - 12.6%</FONT></B>	</TD>
	<TD align=left nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Albany, New York, IDA, Civic Facility Revenue Bonds (New Covenant</FONT> </div></TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Charter School Project), Series A, 7%, 5/01/35</FONT> </div></TD>
	<TD align=right nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>	</TD>
	<TD align=right nowrap>
<FONT size=2 face="sans-serif">725</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>	</TD>
	<TD align=right nowrap>
<FONT size=2 face="sans-serif">449,935</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD align=center>&nbsp;</TD>
    <TD align=center><div align="left"><font size=2 face="sans-serif">Hudson Yards Infrastructure
    Corporation, New York, Revenue Bonds,</font></div></TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Series A, 5%, 2/15/47 (m)</FONT> </div></TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD align=right nowrap>
<FONT size=2 face="sans-serif">1,400</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD align=right nowrap>
<FONT size=2 face="sans-serif">1,065,274</FONT>	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Long Island Power Authority, New York, Electric System Revenue</FONT> </div></TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Refunding Bonds, Series A, 6.25%, 4/01/33</FONT> </div></TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD align=right nowrap>
<FONT size=2 face="sans-serif">480</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD align=right nowrap>
<FONT size=2 face="sans-serif">497,717</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Metropolitan Transportation Authority, New York, Revenue Refunding</FONT> </div></TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Bonds, Series A, 5%, 11/15/25 (e)(m)</FONT> </div></TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD align=right nowrap>
<FONT size=2 face="sans-serif">750</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD align=right nowrap>
<FONT size=2 face="sans-serif">747,413</FONT>	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=center>&nbsp;</TD>
    <TD align=center><div align="left"><font size=2 face="sans-serif">New York City, New York,
    City IDA, PILOT Revenue Bonds (Queens</font></div></TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Baseball Stadium Project), 6.50%, 1/01/46 (n)</FONT> </div></TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD align=right nowrap>
<FONT size=2 face="sans-serif">1,100</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD align=right nowrap>
<FONT size=2 face="sans-serif">1,115,972</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD align=center>&nbsp;</TD>
    <TD align=center><div align="left"><font size=2 face="sans-serif">New York City, New York,
    City IDA, Special Facility Revenue Bonds</font></div></TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=center>&nbsp;</TD>
    <TD align=center><div align="left"><font size=2 face="sans-serif">(American Airlines, Inc.
    - JFK International Airport), AMT, 7.625%,</font></div></TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>
      <div align="left"><FONT size=2 face="sans-serif">8/01/25</FONT> </div></TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD align=right nowrap>
<FONT size=2 face="sans-serif">2,600</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD align=right nowrap>
<FONT size=2 face="sans-serif">1,844,700</FONT>	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=center>&nbsp;</TD>
    <TD align=center><div align="left"><font size=2 face="sans-serif">New York City, New York,
    City Municipal Water Finance Authority,</font></div></TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Water and Sewer System Revenue Bonds, Series A, 5.75%, 6/15/40</FONT> </div></TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD align=right nowrap>
<FONT size=2 face="sans-serif">700</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD align=right nowrap>
<FONT size=2 face="sans-serif">735,175</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>
      <div align="left"><FONT size=2 face="sans-serif">New York City, New York, City Transitional Finance Authority, Building</FONT> </div></TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Aid Revenue Bonds, Series S-1, 5%, 7/15/24 (e)(m)</FONT> </div></TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD align=right nowrap>
<FONT size=2 face="sans-serif">2,000</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD align=right nowrap>
<FONT size=2 face="sans-serif">2,024,700</FONT>	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>
      <div align="left"><FONT size=2 face="sans-serif">New York City, New York, GO, Series A-1, 4.75%, 8/15/25</FONT> </div></TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD align=right nowrap>
<FONT size=2 face="sans-serif">1,000</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD align=right nowrap>
<FONT size=2 face="sans-serif">944,940</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>
      <div align="left"><FONT size=2 face="sans-serif">New York Liberty Development Corporation Revenue Bonds (Goldman</FONT> </div></TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Sachs Headquarters), 5.25%, 10/01/35</FONT> </div></TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD align=right nowrap>
<FONT size=2 face="sans-serif">4,100</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD align=right nowrap>
<FONT size=2 face="sans-serif">3,296,605</FONT>	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>
      <div align="left"><FONT size=2 face="sans-serif">New York State Dormitory Authority, Non-State Supported Debt</FONT> </div></TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=center>&nbsp;</TD>
    <TD align=center><div align="left"><font size=2 face="sans-serif">Revenue Bonds (Rochester
    Institute of Technology), Series A, 6%,</font></div></TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>
      <div align="left"><FONT size=2 face="sans-serif">7/01/33</FONT> </div></TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD align=right nowrap>
<FONT size=2 face="sans-serif">1,625</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD align=right nowrap>
<FONT size=2 face="sans-serif">1,667,201</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>
      <div align="left"><FONT size=2 face="sans-serif">New York State Dormitory Authority, Revenue Refunding Bonds</FONT> </div></TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>
      <div align="left"><FONT size=2 face="sans-serif">(University of Rochester), Series A, 6.715%, 7/01/10 (d)(e)(f)</FONT> </div></TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD align=right nowrap>
<FONT size=2 face="sans-serif">1,865</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD align=right nowrap>
<FONT size=2 face="sans-serif">1,847,749</FONT>	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>
      <div align="left"><FONT size=2 face="sans-serif">New York State Dormitory Authority, Revenue Refunding Bonds</FONT> </div></TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>
      <div align="left"><FONT size=2 face="sans-serif">(University of Rochester), Series A, 6.765%, 7/01/10 (d)(e)(f)</FONT> </div></TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD align=right nowrap>
<FONT size=2 face="sans-serif">2,030</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD align=right nowrap>
<FONT size=2 face="sans-serif">2,011,223</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>
      <div align="left"><FONT size=2 face="sans-serif">New York State Dormitory Authority, State Personal Income Tax</FONT> </div></TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Revenue Bonds (Education), Series B, 5.25%, 3/15/38</FONT> </div></TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD align=right nowrap>
<FONT size=2 face="sans-serif">4,250</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD align=right nowrap>
<FONT size=2 face="sans-serif">4,224,627</FONT>	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=center>&nbsp;</TD>
    <TD align=center><div align="left"><font size=2 face="sans-serif">Port Authority of New York
    and New Jersey, Consolidated Revenue</font></div></TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Refunding Bonds, AMT, 152nd Series, 5.75%, 11/01/30</FONT> </div></TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD align=right nowrap>
<FONT size=2 face="sans-serif">1,000</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">958,040</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">	<div align="left">&nbsp;</div></TD>
	<TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">23,431,271</FONT>	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left nowrap>
<B><FONT size=2 face="sans-serif">North Carolina - 2.1%</FONT></B>	</TD>
	<TD align=left nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Gaston County, North Carolina, Industrial Facilities and Pollution</FONT> </div></TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Control Financing Authority, Revenue Bonds (National Gypsum Company</FONT> </div></TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Project), AMT, 5.75%, 8/01/35</FONT> </div></TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD align=right nowrap>
<FONT size=2 face="sans-serif">2,425</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD align=right nowrap>
<FONT size=2 face="sans-serif">1,266,699</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>
      <div align="left"><FONT size=2 face="sans-serif">North Carolina Medical Care Commission, Health Care Facilities,</FONT> </div></TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Revenue Refunding Bonds (University Health System), Series D, 6.25%,</FONT> </div></TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>
      <div align="left"><FONT size=2 face="sans-serif">12/01/33</FONT> </div></TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD align=right nowrap>
<FONT size=2 face="sans-serif">2,500</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">2,557,050</FONT>	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">	<div align="left">&nbsp;</div></TD>
	<TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">3,823,749</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<B><FONT size=2 face="sans-serif">Ohio - 7.2%</FONT></B>	</TD>
	<TD align=left nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco</FONT> </div></TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Settlement Asset-Backed Bonds, Series A-2, 6.50%, 6/01/47</FONT> </div></TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD align=right nowrap>
<FONT size=2 face="sans-serif">1,870</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD align=right nowrap>
<FONT size=2 face="sans-serif">1,161,251</FONT>	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Cuyahoga County, Ohio, Revenue Refunding Bonds, Series A,</FONT> </div></TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>
      <div align="left"><FONT size=2 face="sans-serif">6%, 1/01/20</FONT> </div></TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD align=right nowrap>
<FONT size=2 face="sans-serif">3,485</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD align=right nowrap>
<FONT size=2 face="sans-serif">3,642,557</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Cuyahoga County, Ohio, Revenue Refunding Bonds, Series A,</FONT> </div></TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>
      <div align="left"><FONT size=2 face="sans-serif">6%, 1/01/21</FONT> </div></TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD align=right nowrap>
<FONT size=2 face="sans-serif">5,000</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD align=right nowrap>
<FONT size=2 face="sans-serif">5,179,800</FONT>	</TD>
</TR>
</TABLE>
<BR>
<P align="center">
<FONT size=2 face="sans-serif">5</FONT></P>

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



<P STYLE="page-break-before:always"></P><PAGE>
<A name="page_6"></A>

<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
  <TR valign="bottom">
    <TD align=left width=60% nowrap><B><FONT size=4 face="sans-serif">BlackRock
          Investment Quality Municipal Trust</FONT></B></TD>
    <TD align=right width=40% nowrap>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left width=60% nowrap style="border-bottom:1px solid #000000;"><B><FONT size=2 face="sans-serif">Schedule
          of Investments January 31, 2009 (Unaudited)</FONT></B></TD>
    <TD align=right width=40% nowrap style="border-bottom:1px solid #000000;"><B><FONT size=2 face="sans-serif"> (Percentages
          shown are based on Net Assets)</FONT></B></TD>
  </TR>
</TABLE>
<TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
<TR valign="bottom">
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>

	  <div align="left"></div></TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD align=right nowrap>
<B><FONT size=2 face="sans-serif">Par</FONT></B>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">State</FONT></B>	</TD>
	<TD align=right nowrap style="border-bottom:1px solid #000000;">
      <div align="left"><B><FONT size=2 face="sans-serif">Municipal Bonds</FONT></B> </div></TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">(000</FONT></B>	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">)</FONT></B>	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Value</FONT></B>	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=center>&nbsp;</TD>
    <TD align=center><div align="left"><font size=2 face="sans-serif">Ohio State Air
    Quality Development Authority, Revenue Refunding</font></div></TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap colspan=4>
      <div align="left"><FONT size=2 face="sans-serif">Bonds (Dayton Power and
        Light Company Project), Series B, 4.80%,</FONT> </div></TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">1/01/34</FONT>      <font size=2 face="sans-serif">(m)(t)</font></div></TD>
	<TD align=left nowrap>&nbsp;</TD>
	<TD align=right nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>	</TD>
	<TD align=right nowrap>
<FONT size=2 face="sans-serif">3,500</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">&#36;</FONT>	</TD>
	<TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">3,333,715</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">

	  <div align="left">&nbsp;</div></TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">13,317,323</FONT>	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left nowrap>
<B><FONT size=2 face="sans-serif">Oklahoma - 1.9%</FONT></B>	</TD>
	<TD align=left nowrap colspan=4>
      <div align="left"><FONT size=2 face="sans-serif">Tulsa County, Oklahoma, Home Finance Authority, S/F Mortgage</FONT> </div></TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Revenue Refunding Bonds, AMT, Series C, 5.25%, 12/01/38 (r)</FONT> </div></TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD align=right nowrap>
<FONT size=2 face="sans-serif">1,358</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap>
<FONT size=2 face="sans-serif">1,120,677</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD align=center>&nbsp;</TD>
    <TD align=center><div align="left"><font size=2 face="sans-serif">Tulsa, Oklahoma,
    Municipal Airport Trust, Revenue Refunding Bonds,</font></div></TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Series A, 7.75%, 6/01/35</FONT> </div></TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD align=right nowrap>
<FONT size=2 face="sans-serif">2,900</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">2,443,250</FONT>	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">

	  <div align="left">&nbsp;</div></TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">3,563,927</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<B><FONT size=2 face="sans-serif">Pennsylvania - 6.1%</FONT></B>	</TD>
	<TD align=left nowrap colspan=4>
      <div align="left"><FONT size=2 face="sans-serif">Delaware River Port Authority of Pennsylvania and New Jersey Revenue</FONT> </div></TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=center nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Bonds (Port District Project),
        Series B, 5.70%, 1/01/22 (a)</FONT> </div></TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD align=right nowrap>
<FONT size=2 face="sans-serif">2,000</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap>
<FONT size=2 face="sans-serif">2,010,540</FONT>	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap colspan=4>
      <div align="left"><FONT size=2 face="sans-serif">McKeesport, Pennsylvania, Area School District, GO, Refunding, 5.529%,</FONT> </div></TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">10/01/31 (b)</FONT><font size=2 face="sans-serif">(l)(m)</font></div></TD>
	<TD align=left nowrap>&nbsp;</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD align=right nowrap>
<FONT size=2 face="sans-serif">870</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap>
<FONT size=2 face="sans-serif">282,741</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap colspan=4>
      <div align="left"><FONT size=2 face="sans-serif">McKeesport, Pennsylvania, Area School District, GO, Refunding, 5.529%,</FONT> </div></TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">10/01/31</FONT>      <font size=2 face="sans-serif">(b)(m)</font></div></TD>
	<TD align=left nowrap>&nbsp;</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD align=right nowrap>
<FONT size=2 face="sans-serif">2,435</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap>
<FONT size=2 face="sans-serif">558,126</FONT>	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=center>&nbsp;</TD>
    <TD align=center><div align="left"><font size=2 face="sans-serif">Pennsylvania Economic
    Development Financing Authority, Exempt</font></div></TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=center>&nbsp;</TD>
    <TD align=center><div align="left"><font size=2 face="sans-serif">Facilities Revenue
    Bonds (Amtrak Project), AMT, Series A, 6.25%,</font></div></TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">11/01/31</FONT> </div></TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD align=right nowrap>
<FONT size=2 face="sans-serif">2,000</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap>
<FONT size=2 face="sans-serif">1,466,460</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD align=center>&nbsp;</TD>
    <TD align=center><div align="left"><font size=2 face="sans-serif">Pennsylvania Economic
    Development Financing Authority, Exempt</font></div></TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Facilities Revenue Bonds (Amtrak Project), AMT, Series A,</FONT> </div></TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">6.375%, 11/01/41</FONT> </div></TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD align=right nowrap>
<FONT size=2 face="sans-serif">3,100</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap>
<FONT size=2 face="sans-serif">2,229,954</FONT>	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=center>&nbsp;</TD>
    <TD align=center><div align="left"><font size=2 face="sans-serif">Pennsylvania Economic
    Development Financing Authority, Exempt</font></div></TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Facilities Revenue Bonds (Reliant Energy), AMT, Series A, 6.75%,</FONT> </div></TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">12/01/36</FONT> </div></TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD align=right nowrap>
<FONT size=2 face="sans-serif">6,380</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">4,747,167</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">

	  <div align="left">&nbsp;</div></TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">11,294,988</FONT>	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left nowrap>
<B><FONT size=2 face="sans-serif">Rhode Island - 0.1%</FONT></B>	</TD>
	<TD align=left nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Rhode Island State Health and Educational Building Corporation,</FONT> </div></TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap colspan=4>
      <div align="left"><FONT size=2 face="sans-serif">Hospital Revenue Refunding Bonds (Lifespan Obligation Group), 5.50%,</FONT> </div></TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right nowrap style="border-bottom:1px solid #000000;">
      <div align="left"><FONT size=2 face="sans-serif">5/15/16</FONT>      <font size=2 face="sans-serif">(e)</font></div></TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
	<TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">200</FONT>	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">200,324</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<B><FONT size=2 face="sans-serif">South Carolina - 5.9%</FONT></B>	</TD>
	<TD align=right nowrap colspan=4>
      <div align="left"><FONT size=2 face="sans-serif">South Carolina Housing Finance and Development Authority, Mortgage</FONT> </div></TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Revenue Refunding Bonds, AMT, Series A-2, 5.15%, 7/01/37 (j)</FONT> </div></TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD align=right nowrap>
<FONT size=2 face="sans-serif">4,975</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap>
<FONT size=2 face="sans-serif">4,219,497</FONT>	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap colspan=4>
      <div align="left"><FONT size=2 face="sans-serif">South Carolina Jobs EDA, Hospital Facilities Revenue Refunding Bonds</FONT> </div></TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">(Palmetto Health Alliance), Series A, 6.25%, 8/01/31</FONT> </div></TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD align=right nowrap>
<FONT size=2 face="sans-serif">2,185</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap>
<FONT size=2 face="sans-serif">1,911,613</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap colspan=4>
      <div align="left"><FONT size=2 face="sans-serif">South Carolina Jobs EDA, Hospital Facilities Revenue Refunding Bonds</FONT> </div></TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">(Palmetto Health Alliance), Series C, 6.875%, 8/01/13 (f)</FONT> </div></TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD align=right nowrap>
<FONT size=2 face="sans-serif">4,000</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">4,820,802</FONT>	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">

	  <div align="left">&nbsp;</div></TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">10,951,912</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<B><FONT size=2 face="sans-serif">Tennessee - 2.5%</FONT></B>	</TD>
	<TD align=left nowrap colspan=4>
      <div align="left"><FONT size=2 face="sans-serif">Memphis-Shelby County, Tennessee, Airport Authority, Airport Revenue</FONT> </div></TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right nowrap style="border-bottom:1px solid #000000;">
      <div align="left"><FONT size=2 face="sans-serif">Bonds, AMT, Series D, 6%, 3/01/24 (j)</FONT> </div></TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">4,865</FONT>	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">4,575,192</FONT>	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left nowrap>
<B><FONT size=2 face="sans-serif">Texas - 12.3%</FONT></B>	</TD>
	<TD align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Grapevine, Texas, GO, 5.875%, 8/15/10 (f)(m)</FONT> </div></TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD align=right nowrap>
<FONT size=2 face="sans-serif">6,000</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap>
<FONT size=2 face="sans-serif">6,466,680</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD align=center>&nbsp;</TD>
    <TD align=center><div align="left"><font size=2 face="sans-serif">Harris County-Houston
    Sports Authority, Texas, Revenue Refunding</font></div></TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Bonds, Senior Lien, Series A, 6.17%, 11/15/38 (b)(e)</FONT> </div></TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap>&nbsp;	</TD>
	<TD align=right nowrap>
<FONT size=2 face="sans-serif">5,000</FONT>	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD align=right nowrap>
<FONT size=2 face="sans-serif">460,200</FONT>	</TD>
</TR>
</TABLE>
<BR>
<P align="center">
<FONT size=2 face="sans-serif">6</FONT></P>

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



<P STYLE="page-break-before:always"></P><PAGE>
<A name="page_7"></A>

<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
  <TR valign="bottom">
    <TD align=left width=60% nowrap><B><FONT size=4 face="sans-serif">BlackRock
          Investment Quality Municipal Trust</FONT></B></TD>
    <TD align=right width=40% nowrap>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left width=60% nowrap style="border-bottom:1px solid #000000;"><B><FONT size=2 face="sans-serif">Schedule
          of Investments January 31, 2009 (Unaudited)</FONT></B></TD>
    <TD align=right width=40% nowrap style="border-bottom:1px solid #000000;"><B><FONT size=2 face="sans-serif"> (Percentages
          shown are based on Net Assets)</FONT></B></TD>
  </TR>
</TABLE>
<TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
<TR valign="bottom">
	<TD align=left width=16% nowrap>&nbsp;	</TD>
	<TD align=left width=52% nowrap>	<div align="left"></div></TD>
	<TD align=right width=2% nowrap>&nbsp;	</TD>
	<TD align=right width=6% nowrap>
<B><FONT size=2 face="sans-serif">Par</FONT></B>	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
	<TD align=left width=1% nowrap>&nbsp;	</TD>
	<TD align=left width=8% nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=16% nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">State</FONT></B>	</TD>
	<TD align=left width=52% nowrap style="border-bottom:1px solid #000000;">
      <div align="left"><B><FONT size=2 face="sans-serif">Municipal Bonds</FONT></B> </div></TD>
	<TD align=right width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right width=6% nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">(000</FONT></B>	</TD>
	<TD align=left width=2% nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">)</FONT></B>	</TD>
	<TD align=left width=1% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right width=8% nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Value</FONT></B>	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=center width=26%>&nbsp;</TD>
    <TD align=center width=52%><div align="left"><font size=2 face="sans-serif">Harris County,
    Texas, Health Facilities Development Corporation,</font></div></TD>
    <TD align=center width=2%>&nbsp;</TD>
    <TD align=center width=6%>&nbsp;</TD>
    <TD align=center width=2%>&nbsp;</TD>
    <TD align=center width=1%>&nbsp;</TD>
    <TD align=center width=8%>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=center width=26%>&nbsp;</TD>
    <TD align=center width=52%><div align="left"><font size=2 face="sans-serif">Hospital Revenue
    Refunding Bonds (Memorial Hermann Healthcare</font></div></TD>
    <TD align=center width=2%>&nbsp;</TD>
    <TD align=center width=6%>&nbsp;</TD>
    <TD align=center width=2%>&nbsp;</TD>
    <TD align=center width=1%>&nbsp;</TD>
    <TD align=center width=8%>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left width=16% nowrap>&nbsp;	</TD>
	<TD align=left width=52% nowrap>
      <div align="left"><FONT size=2 face="sans-serif">System), Series B, 7.125%, 12/01/31</FONT> </div></TD>
	<TD align=right width=2% nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>	</TD>
	<TD align=right width=6% nowrap>
<FONT size=2 face="sans-serif">1,000</FONT>	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
	<TD align=left width=1% nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>	</TD>
	<TD align=right width=8% nowrap>
<FONT size=2 face="sans-serif">1,043,300</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD align=center width=26%>&nbsp;</TD>
    <TD align=center width=52%><div align="left"><font size=2 face="sans-serif">Harris County,
    Texas, Health Facilities Development Corporation,</font></div></TD>
    <TD align=center width=2%>&nbsp;</TD>
    <TD align=center width=6%>&nbsp;</TD>
    <TD align=center width=2%>&nbsp;</TD>
    <TD align=center width=1%>&nbsp;</TD>
    <TD align=center width=8%>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=center width=26%>&nbsp;</TD>
    <TD align=center width=52%><div align="left"><font size=2 face="sans-serif">Hospital Revenue
    Refunding Bonds (Memorial Hermann Healthcare</font></div></TD>
    <TD align=center width=2%>&nbsp;</TD>
    <TD align=center width=6%>&nbsp;</TD>
    <TD align=center width=2%>&nbsp;</TD>
    <TD align=center width=1%>&nbsp;</TD>
    <TD align=center width=8%>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=16% nowrap>&nbsp;	</TD>
	<TD align=left width=52% nowrap>
      <div align="left"><FONT size=2 face="sans-serif">System), Series B, 7.25%, 12/01/35</FONT> </div></TD>
	<TD align=right width=2% nowrap>&nbsp;	</TD>
	<TD align=right width=6% nowrap>
<FONT size=2 face="sans-serif">2,650</FONT>	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
	<TD align=left width=1% nowrap>&nbsp;	</TD>
	<TD align=right width=8% nowrap>
<FONT size=2 face="sans-serif">2,766,997</FONT>	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left width=16% nowrap>&nbsp;	</TD>
	<TD align=left width=52% nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Lower Colorado River Authority, Texas, Revenue Refunding Bonds, 5%,</FONT> </div></TD>
	<TD align=right width=2% nowrap>&nbsp;	</TD>
	<TD align=left width=6% nowrap>&nbsp;	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
	<TD align=left width=1% nowrap>&nbsp;	</TD>
	<TD align=left width=8% nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left width=16% nowrap>&nbsp;	</TD>
	<TD align=left width=52% nowrap>
      <div align="left"><FONT size=2 face="sans-serif">5/15/13 (e)(f)</FONT> </div></TD>
	<TD align=right width=2% nowrap>&nbsp;	</TD>
	<TD align=right width=6% nowrap>
<FONT size=2 face="sans-serif">20</FONT>	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
	<TD align=left width=1% nowrap>&nbsp;	</TD>
	<TD align=right width=8% nowrap>
<FONT size=2 face="sans-serif">22,916</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD align=center width=26%>&nbsp;</TD>
    <TD align=center width=52%><div align="left"><font size=2 face="sans-serif">Lower Colorado
    River Authority, Texas, Revenue Refunding Bonds,</font></div></TD>
    <TD align=center width=2%>&nbsp;</TD>
    <TD align=center width=6%>&nbsp;</TD>
    <TD align=center width=2%>&nbsp;</TD>
    <TD align=center width=1%>&nbsp;</TD>
    <TD align=center width=8%>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=16% nowrap>&nbsp;	</TD>
	<TD align=left width=52% nowrap>
      <div align="left"><FONT size=2 face="sans-serif">4.75%, 5/15/36 (j)</FONT> </div></TD>
	<TD align=right width=2% nowrap>&nbsp;	</TD>
	<TD align=right width=6% nowrap>
<FONT size=2 face="sans-serif">3,595</FONT>	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
	<TD align=left width=1% nowrap>&nbsp;	</TD>
	<TD align=right width=8% nowrap>
<FONT size=2 face="sans-serif">3,041,586</FONT>	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=center width=26%>&nbsp;</TD>
    <TD align=center width=52%><div align="left"><font size=2 face="sans-serif">Lower Colorado
    River Authority, Texas, Revenue Refunding Bonds,</font></div></TD>
    <TD align=center width=2%>&nbsp;</TD>
    <TD align=center width=6%>&nbsp;</TD>
    <TD align=center width=2%>&nbsp;</TD>
    <TD align=center width=1%>&nbsp;</TD>
    <TD align=center width=8%>&nbsp;</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left width=16% nowrap>&nbsp;	</TD>
	<TD align=left width=52% nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Series A, 5%, 5/15/13 (e)(f)</FONT> </div></TD>
	<TD align=right width=2% nowrap>&nbsp;	</TD>
	<TD align=right width=6% nowrap>
<FONT size=2 face="sans-serif">5</FONT>	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
	<TD align=left width=1% nowrap>&nbsp;	</TD>
	<TD align=right width=8% nowrap>
<FONT size=2 face="sans-serif">5,729</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD align=center width=26%>&nbsp;</TD>
    <TD align=center width=52%><div align="left"><font size=2 face="sans-serif">Montgomery County,
    Texas, Municipal Utility District Number 46,</font></div></TD>
    <TD align=center width=2%>&nbsp;</TD>
    <TD align=center width=6%>&nbsp;</TD>
    <TD align=center width=2%>&nbsp;</TD>
    <TD align=center width=1%>&nbsp;</TD>
    <TD align=center width=8%>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=16% nowrap>&nbsp;	</TD>
	<TD align=left width=52% nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Waterworks and Sewer System, GO, 4.75%, 3/01/30 (e)</FONT> </div></TD>
	<TD align=right width=2% nowrap>&nbsp;	</TD>
	<TD align=right width=6% nowrap>
<FONT size=2 face="sans-serif">355</FONT>	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
	<TD align=left width=1% nowrap>&nbsp;	</TD>
	<TD align=right width=8% nowrap>
<FONT size=2 face="sans-serif">322,819</FONT>	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left width=16% nowrap>&nbsp;	</TD>
	<TD align=left width=52% nowrap>
      <div align="left"><FONT size=2 face="sans-serif">San Antonio Energy Acquisition Public Facilities Corporation, Texas, Gas</FONT> </div></TD>
	<TD align=right width=2% nowrap>&nbsp;	</TD>
	<TD align=left width=6% nowrap>&nbsp;	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
	<TD align=left width=1% nowrap>&nbsp;	</TD>
	<TD align=left width=8% nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left width=16% nowrap>&nbsp;	</TD>
	<TD align=left width=52% nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Supply Revenue Bonds, 5.50%, 8/01/24</FONT> </div></TD>
	<TD align=right width=2% nowrap>&nbsp;	</TD>
	<TD align=right width=6% nowrap>
<FONT size=2 face="sans-serif">2,550</FONT>	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>

	<TD align=left width=1% nowrap>&nbsp;	</TD>
	<TD align=right width=8% nowrap>
<FONT size=2 face="sans-serif">1,929,763</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=16% nowrap>&nbsp;	</TD>
	<TD align=left width=52% nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Texas State Turnpike Authority, Central Texas Turnpike System</FONT> </div></TD>
	<TD align=right width=2% nowrap>&nbsp;	</TD>
	<TD align=left width=6% nowrap>&nbsp;	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
	<TD align=left width=1% nowrap>&nbsp;	</TD>
	<TD align=left width=8% nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=16% nowrap>&nbsp;	</TD>
	<TD align=left width=52% nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Revenue Bonds, 6.052%, 8/15/31 (b)(j)</FONT> </div></TD>
	<TD align=right width=2% nowrap>&nbsp;	</TD>
	<TD align=right width=6% nowrap>
<FONT size=2 face="sans-serif">15,000</FONT>	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
	<TD align=left width=1% nowrap>&nbsp;	</TD>
	<TD align=right width=8% nowrap>
<FONT size=2 face="sans-serif">3,071,850</FONT>	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left width=16% nowrap>&nbsp;	</TD>
	<TD align=left width=52% nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Texas State Turnpike Authority, Central Texas Turnpike System</FONT> </div></TD>
	<TD align=right width=2% nowrap>&nbsp;	</TD>
	<TD align=left width=6% nowrap>&nbsp;	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
	<TD align=left width=1% nowrap>&nbsp;	</TD>
	<TD align=left width=8% nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left width=16% nowrap>&nbsp;	</TD>
	<TD align=left width=52% nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Revenue Bonds, First Tier, Series A, 5%, 8/15/42 (j)</FONT> </div></TD>
	<TD align=right width=2% nowrap>&nbsp;	</TD>
	<TD align=right width=6% nowrap>
<FONT size=2 face="sans-serif">3,325</FONT>	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
	<TD align=left width=1% nowrap>&nbsp;	</TD>
	<TD align=right width=8% nowrap>
<FONT size=2 face="sans-serif">2,677,789</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=16% nowrap>&nbsp;	</TD>
	<TD align=left width=52% nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Texas State Water Financial Assistance, GO, Refunding, 5.75%,</FONT> </div></TD>
	<TD align=right width=2% nowrap>&nbsp;	</TD>
	<TD align=left width=6% nowrap>&nbsp;	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
	<TD align=left width=1% nowrap>&nbsp;	</TD>
	<TD align=left width=8% nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=16% nowrap>&nbsp;	</TD>
	<TD align=left width=52% nowrap>
      <div align="left"><FONT size=2 face="sans-serif">8/01/22</FONT> </div></TD>
	<TD align=right width=2% nowrap>&nbsp;	</TD>
	<TD align=right width=6% nowrap>
<FONT size=2 face="sans-serif">1,000</FONT>	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
	<TD align=left width=1% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right width=8% nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">1,035,630</FONT>	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left width=16% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left width=52% nowrap style="border-bottom:1px solid #000000;">	<div align="left">&nbsp;</div></TD>
	<TD align=right width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left width=6% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left width=1% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right width=8% nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">22,845,259</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=16% nowrap>
<B><FONT size=2 face="sans-serif">Virginia - 0.8%</FONT></B>	</TD>
	<TD align=left width=52% nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Tobacco Settlement Financing Corporation of Virginia, Revenue</FONT> </div></TD>
	<TD align=right width=2% nowrap>&nbsp;	</TD>
	<TD align=left width=6% nowrap>&nbsp;	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
	<TD align=left width=1% nowrap>&nbsp;	</TD>
	<TD align=left width=8% nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=16% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left width=52% nowrap style="border-bottom:1px solid #000000;">
      <div align="left"><FONT size=2 face="sans-serif">Refunding Bonds, Senior Series B-1, 5%, 6/01/47</FONT> </div></TD>
	<TD align=right width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right width=6% nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">2,900</FONT>	</TD>
	<TD align=left width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left width=1% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right width=8% nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">1,517,077</FONT>	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left width=16% nowrap>
<B><FONT size=2 face="sans-serif">Washington - 0.5%</FONT></B>	</TD>
	<TD align=left width=52% nowrap>
      <div align="left"><FONT size=2 face="sans-serif">King County, Washington, Sewer Revenue Refunding Bonds, 5%,</FONT> </div></TD>
	<TD align=right width=2% nowrap>&nbsp;	</TD>
	<TD align=left width=6% nowrap>&nbsp;	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
	<TD align=left width=1% nowrap>&nbsp;	</TD>
	<TD align=left width=8% nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left width=16% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left width=52% nowrap style="border-bottom:1px solid #000000;">
      <div align="left"><FONT size=2 face="sans-serif">1/01/36 (a)</FONT> </div></TD>
	<TD align=right width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right width=6% nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">1,000</FONT>	</TD>
	<TD align=left width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left width=1% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right width=8% nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">971,150</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=16% nowrap>
<B><FONT size=2 face="sans-serif">Wisconsin - 1.4%</FONT></B>	</TD>
	<TD align=left width=52% nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Wisconsin State Health and Educational Facilities Authority Revenue</FONT> </div></TD>
	<TD align=right width=2% nowrap>&nbsp;	</TD>
	<TD align=left width=6% nowrap>&nbsp;	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
	<TD align=left width=1% nowrap>&nbsp;	</TD>
	<TD align=left width=8% nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=16% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left width=52% nowrap style="border-bottom:1px solid #000000;">
      <div align="left"><FONT size=2 face="sans-serif">Bonds (Aurora Health Care, Inc.), 6.40%, 4/15/33</FONT> </div></TD>
	<TD align=right width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right width=6% nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">3,220</FONT>	</TD>
	<TD align=left width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left width=1% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right width=8% nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">2,535,428</FONT>	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left width=16% nowrap>
<B><FONT size=2 face="sans-serif">Wyoming - 0.9%</FONT></B>	</TD>
	<TD align=left width=52% nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Wyoming Community Development Authority, Housing Revenue Bonds,</FONT> </div></TD>
	<TD align=right width=2% nowrap>&nbsp;	</TD>
	<TD align=left width=6% nowrap>&nbsp;	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
	<TD align=left width=1% nowrap>&nbsp;	</TD>
	<TD align=left width=8% nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left width=16% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left width=52% nowrap style="border-bottom:1px solid #000000;">
      <div align="left"><FONT size=2 face="sans-serif">AMT, Series 3, 4.75%, 12/01/37</FONT> </div></TD>
	<TD align=right width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right width=6% nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">2,145</FONT>	</TD>
	<TD align=left width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left width=1% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right width=8% nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">1,698,197</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=16% nowrap>
<B><FONT size=2 face="sans-serif">Puerto Rico - 4.3%</FONT></B>	</TD>
	<TD align=left width=52% nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Puerto Rico Commonwealth Aqueduct and Sewer Authority, Senior Lien</FONT> </div></TD>
	<TD align=right width=2% nowrap>&nbsp;	</TD>
	<TD align=left width=6% nowrap>&nbsp;	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
	<TD align=left width=1% nowrap>&nbsp;	</TD>
	<TD align=left width=8% nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=16% nowrap>&nbsp;	</TD>
	<TD align=left width=52% nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Revenue Bonds, Series A, 6%, 7/01/38</FONT> </div></TD>
	<TD align=right width=2% nowrap>&nbsp;	</TD>
	<TD align=right width=6% nowrap>
<FONT size=2 face="sans-serif">2,500</FONT>	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
	<TD align=left width=1% nowrap>&nbsp;	</TD>
	<TD align=right width=8% nowrap>
<FONT size=2 face="sans-serif">2,184,300</FONT>	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left width=16% nowrap>&nbsp;	</TD>
	<TD align=left width=52% nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Puerto Rico Electric Power Authority, Power Revenue Refunding Bonds,</FONT> </div></TD>
	<TD align=right width=2% nowrap>&nbsp;	</TD>
	<TD align=left width=6% nowrap>&nbsp;	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
	<TD align=left width=1% nowrap>&nbsp;	</TD>
	<TD align=left width=8% nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left width=16% nowrap>&nbsp;	</TD>
	<TD align=left width=52% nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Series UU, 5%, 7/01/23 (a)</FONT> </div></TD>
	<TD align=right width=2% nowrap>&nbsp;	</TD>
	<TD align=right width=6% nowrap>
<FONT size=2 face="sans-serif">2,900</FONT>	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
	<TD align=left width=1% nowrap>&nbsp;	</TD>
	<TD align=right width=8% nowrap>
<FONT size=2 face="sans-serif">2,883,673</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD align=center width=26%>&nbsp;
	</TD>
    <TD align=left width=52%><FONT size=2 face="sans-serif">Puerto Rico Housing Financing Authority, Capital Funding Program,</FONT></TD>
    <TD align=center width=2%>&nbsp;</TD>
    <TD align=center width=6%>&nbsp;</TD>
    <TD align=center width=2%>&nbsp;</TD>
    <TD align=center width=1%>&nbsp;</TD>
    <TD align=center width=8%>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=16% nowrap>&nbsp;	</TD>
	<TD align=left width=52% nowrap>
      <div align="left"><FONT size=2 face="sans-serif">Subordinate Revenue Refunding Bonds, 5.125%, 12/01/27</FONT> </div></TD>
	<TD align=right width=2% nowrap>&nbsp;	</TD>
	<TD align=right width=6% nowrap>
<FONT size=2 face="sans-serif">3,000</FONT>	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
	<TD align=left width=1% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right width=8% nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">2,944,710</FONT>	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left width=16% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left width=52% nowrap style="border-bottom:1px solid #000000;">	<div align="left">&nbsp;</div></TD>
	<TD align=right width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left width=6% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left width=1% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right width=8% nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">8,012,683</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=16% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left width=52% nowrap style="border-bottom:1px solid #000000;">
      <div align="left"><B><FONT size=2 face="sans-serif">Total Municipal Bonds - 157.2%</FONT></B> </div></TD>
	<TD align=right width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left width=6% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left width=1% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right width=8% nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">291,332,415</FONT>	</TD>
</TR>
</TABLE>
<BR>
<P align="center">
<FONT size=2 face="sans-serif">7</FONT></P>

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



<P STYLE="page-break-before:always"></P><PAGE>
<A name="page_8"></A>

<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
  <TR valign="bottom">
    <TD align=left width=60% nowrap><B><FONT size=4 face="sans-serif">BlackRock
          Investment Quality Municipal Trust</FONT></B></TD>
    <TD align=right width=40% nowrap>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left width=60% nowrap style="border-bottom:1px solid #000000;"><B><FONT size=2 face="sans-serif">Schedule
          of Investments January 31, 2009 (Unaudited)</FONT></B></TD>
    <TD align=right width=40% nowrap style="border-bottom:1px solid #000000;"><B><FONT size=2 face="sans-serif"> (Percentages
          shown are based on Net Assets)</FONT></B></TD>
  </TR>
</TABLE>

<TABLE border=0 cellspacing=0 cellpadding=0>
<TR valign="bottom">
	<TD align=left width=17% nowrap>&nbsp;	</TD>
	<TD align=left width=49% nowrap>
<B><FONT size=2 face="sans-serif">Municipal Bonds Transferred to</FONT></B>	</TD>
	<TD align=right width=2% nowrap>&nbsp;	</TD>
	<TD align=right width=6% nowrap>
<B><FONT size=2 face="sans-serif">Par</FONT></B>	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
	<TD align=left width=1% nowrap>&nbsp;	</TD>
	<TD align=left width=8% nowrap>&nbsp;	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=17% nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">State</FONT></B>	</TD>
	<TD align=left width=49% nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Tender Option Bond Trusts (u)</FONT></B>	</TD>
	<TD align=right width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right width=6% nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">(000</FONT></B>	</TD>
	<TD align=left width=2% nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">)</FONT></B>	</TD>
	<TD align=left width=1% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left width=8% nowrap style="border-bottom:1px solid #000000;">
 &nbsp; &nbsp;<B><FONT size=2 face="sans-serif">Value</FONT></B>	</TD>
	<TD align=left width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left width=17% nowrap>
<B><FONT size=2 face="sans-serif">Colorado - 2.4%</FONT></B>	</TD>
	<TD align=left width=49% nowrap>
<FONT size=2 face="sans-serif">Colorado Health Facilities Authority Revenue Bonds (Catholic Health),</FONT>	</TD>
	<TD align=right width=2% nowrap>&nbsp;	</TD>
	<TD align=left width=6% nowrap>&nbsp;	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
	<TD align=left width=1% nowrap>&nbsp;	</TD>
	<TD align=left width=8% nowrap>&nbsp;	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left width=17% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left width=49% nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">Series C-7, 5%, 9/01/36 (a)</FONT>	</TD>
	<TD align=right width=2% nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">&#36;</FONT>	</TD>
	<TD align=right width=6% nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">5,250</FONT>	</TD>
	<TD align=left width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left width=1% nowrap style="border-bottom:1px solid #000000;">
 &nbsp;<FONT size=2 face="sans-serif">&#36;</FONT>	</TD>
	<TD align=right width=8% nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">4,539,728</FONT>	</TD>
	<TD align=left width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=17% nowrap>
<B><FONT size=2 face="sans-serif">Illinois - 1.8%</FONT></B>	</TD>
	<TD align=left width=61% nowrap colspan=3>
<FONT size=2 face="sans-serif">Chicago, Illinois, Housing Authority, Capital Program Revenue Refunding</FONT>	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
	<TD align=left width=1% nowrap>&nbsp;	</TD>
	<TD align=left width=8% nowrap>&nbsp;	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=17% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left width=49% nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">Bonds, 5%, 7/01/24 (a)</FONT>	</TD>
	<TD align=right width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right width=6% nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">3,194</FONT>	</TD>
	<TD align=left width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left width=1% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right width=8% nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">3,249,094</FONT>	</TD>
	<TD align=left width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left width=17% nowrap>
<B><FONT size=2 face="sans-serif">Massachusetts - 1.6%</FONT></B>	</TD>
	<TD align=left width=49% nowrap>
<FONT size=2 face="sans-serif">Massachusetts State Water Resource Authority, General Revenue</FONT>	</TD>
	<TD align=right width=2% nowrap>&nbsp;	</TD>
	<TD align=left width=6% nowrap>&nbsp;	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
	<TD align=left width=1% nowrap>&nbsp;	</TD>
	<TD align=left width=8% nowrap>&nbsp;	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left width=17% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left width=49% nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">Refunding Bonds, Series A, 5%, 8/01/41</FONT>	</TD>
	<TD align=right width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right width=6% nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">3,070</FONT>	</TD>
	<TD align=left width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left width=1% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right width=8% nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">2,983,549</FONT>	</TD>
	<TD align=left width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=17% nowrap>
<B><FONT size=2 face="sans-serif">New York - 1.7%</FONT></B>	</TD>
	<TD align=left width=49% nowrap>
<FONT size=2 face="sans-serif">New York State Dormitory Authority, Non-State Supported Debt</FONT>	</TD>
	<TD align=right width=2% nowrap>&nbsp;	</TD>
	<TD align=left width=6% nowrap>&nbsp;	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
	<TD align=left width=1% nowrap>&nbsp;	</TD>
	<TD align=left width=8% nowrap>&nbsp;	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=17% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left width=49% nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">Revenue Bonds (New York University), Series A, 5%, 7/01/38</FONT>	</TD>
	<TD align=right width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right width=6% nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">3,359</FONT>	</TD>
	<TD align=left width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left width=1% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right width=8% nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">3,180,828</FONT>	</TD>
	<TD align=left width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left width=17% nowrap>
<B><FONT size=2 face="sans-serif">Ohio - 2.1%</FONT></B>	</TD>
	<TD align=left width=49% nowrap>
<FONT size=2 face="sans-serif">Montgomery County, Ohio, Revenue Bonds (Catholic Health Initiatives),</FONT>	</TD>
	<TD align=right width=2% nowrap>&nbsp;	</TD>
	<TD align=left width=6% nowrap>&nbsp;	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
	<TD align=left width=1% nowrap>&nbsp;	</TD>
	<TD align=left width=8% nowrap>&nbsp;	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left width=17% nowrap>&nbsp;	</TD>
	<TD align=left width=49% nowrap>
<FONT size=2 face="sans-serif">Series C-1, 5%, 10/01/41 (a)</FONT>	</TD>
	<TD align=right width=2% nowrap>&nbsp;	</TD>
	<TD align=right width=6% nowrap>
<FONT size=2 face="sans-serif">1,740</FONT>	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
	<TD align=left width=1% nowrap>&nbsp;	</TD>
	<TD align=right width=8% nowrap>
<FONT size=2 face="sans-serif">1,476,616</FONT>	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=17% nowrap>&nbsp;	</TD>
	<TD align=left width=49% nowrap>
<FONT size=2 face="sans-serif">Ohio State Higher Educational Facilities Commission, Hospital</FONT>	</TD>
	<TD align=right width=2% nowrap>&nbsp;	</TD>
	<TD align=left width=6% nowrap>&nbsp;	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
	<TD align=left width=1% nowrap>&nbsp;	</TD>
	<TD align=left width=8% nowrap>&nbsp;	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=17% nowrap>&nbsp;	</TD>
	<TD align=left width=49% nowrap>
<FONT size=2 face="sans-serif">Revenue Bonds (University Hospitals Health System), Series A,</FONT>	</TD>
	<TD align=right width=2% nowrap>&nbsp;	</TD>
	<TD align=left width=6% nowrap>&nbsp;	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
	<TD align=left width=1% nowrap>&nbsp;	</TD>
	<TD align=left width=8% nowrap>&nbsp;	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=17% nowrap>&nbsp;	</TD>
	<TD align=left width=49% nowrap>
<FONT size=2 face="sans-serif">5.25%, 1/01/33</FONT>	</TD>
	<TD align=right width=2% nowrap>&nbsp;	</TD>
	<TD align=right width=6% nowrap>
<FONT size=2 face="sans-serif">2,600</FONT>	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
	<TD align=left width=1% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right width=8% nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">2,403,492</FONT>	</TD>
	<TD align=left width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left width=17% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left width=49% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left width=6% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left width=1% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right width=8% nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">3,880,108</FONT>	</TD>
	<TD align=left width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=17% nowrap>&nbsp;	</TD>
	<TD align=left width=49% nowrap>
<B><FONT size=2 face="sans-serif">Total Municipal Bonds Transferred to</FONT></B>	</TD>
	<TD align=right width=2% nowrap>&nbsp;	</TD>
	<TD align=left width=6% nowrap>&nbsp;	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
	<TD align=left width=1% nowrap>&nbsp;	</TD>
	<TD align=left width=8% nowrap>&nbsp;	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=17% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left width=49% nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Tender Option Bond Trusts - 9.6%</FONT></B>	</TD>
	<TD align=right width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left width=6% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left width=1% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right width=8% nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">17,833,307</FONT>	</TD>
	<TD align=left width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left width=17% nowrap>&nbsp;	</TD>
	<TD align=left width=49% nowrap>
<B><FONT size=2 face="sans-serif">Total Long-Term Investments</FONT></B>	</TD>
	<TD align=right width=2% nowrap>&nbsp;	</TD>
	<TD align=left width=6% nowrap>&nbsp;	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
	<TD align=left width=1% nowrap>&nbsp;	</TD>
	<TD align=left width=8% nowrap>&nbsp;	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left width=17% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left width=49% nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">(Cost - &#36;352,094,884) - 166.8%</FONT></B>	</TD>
	<TD align=right width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left width=6% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left width=1% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right width=8% nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">309,165,722</FONT>	</TD>
	<TD align=left width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=17% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left width=49% nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Short-Term Securities</FONT></B>	</TD>
	<TD align=right width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right width=6% nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Shares</FONT></B>	</TD>
	<TD align=left width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left width=1% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left width=8% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left width=17% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left width=49% nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">Merrill Lynch Institutional Tax-Exempt Fund, 0.60% (v)(w)</FONT>	</TD>
	<TD align=right width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right width=6% nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">8,600,000</FONT>	</TD>
	<TD align=left width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left width=1% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right width=8% nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">8,600,000</FONT>	</TD>
	<TD align=left width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=17% nowrap>&nbsp;	</TD>
	<TD align=left width=49% nowrap>
<B><FONT size=2 face="sans-serif">Total Short-Term Securities</FONT></B>	</TD>
	<TD align=right width=2% nowrap>&nbsp;	</TD>
	<TD align=left width=6% nowrap>&nbsp;	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
	<TD align=left width=1% nowrap>&nbsp;	</TD>
	<TD align=left width=8% nowrap>&nbsp;	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=17% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left width=49% nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">(Cost - &#36;8,600,000) - 4.7%</FONT></B>	</TD>
	<TD align=right width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left width=6% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left width=1% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right width=8% nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">8,600,000</FONT>	</TD>
	<TD align=left width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left width=17% nowrap>&nbsp;	</TD>
	<TD align=left width=49% nowrap>
<B><FONT size=2 face="sans-serif">Total Investments (Cost - &#36;360,694,884*) - 171.5%</FONT></B>	</TD>
	<TD align=right width=2% nowrap>&nbsp;	</TD>
	<TD align=left width=6% nowrap>&nbsp;	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
	<TD align=left width=1% nowrap>&nbsp;	</TD>
	<TD align=right width=8% nowrap>
<FONT size=2 face="sans-serif">317,765,722</FONT>	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=17% nowrap>&nbsp;	</TD>
	<TD align=left width=49% nowrap>
<B><FONT size=2 face="sans-serif">Other Assets Less Liabilities - 2.5%</FONT></B>	</TD>
	<TD align=right width=2% nowrap>&nbsp;	</TD>
	<TD align=left width=6% nowrap>&nbsp;	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
	<TD align=left width=1% nowrap>&nbsp;	</TD>
	<TD align=right width=8% nowrap>
<FONT size=2 face="sans-serif">4,685,541</FONT>	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left width=17% nowrap>&nbsp;	</TD>
	<TD align=left width=49% nowrap>
<B><FONT size=2 face="sans-serif">Liability for Trust Certificates, Including Interest Expense and</FONT></B>	</TD>
	<TD align=right width=2% nowrap>&nbsp;	</TD>
	<TD align=left width=6% nowrap>&nbsp;	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
	<TD align=left width=1% nowrap>&nbsp;	</TD>
	<TD align=left width=8% nowrap>&nbsp;	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left width=17% nowrap>&nbsp;	</TD>
	<TD align=left width=49% nowrap>
<B><FONT size=2 face="sans-serif">Fees Payable - (5.5)%</FONT></B>	</TD>
	<TD align=right width=2% nowrap>&nbsp;	</TD>
	<TD align=left width=6% nowrap>&nbsp;	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
	<TD align=left width=1% nowrap>&nbsp;	</TD>
	<TD align=right width=8% nowrap>
<FONT size=2 face="sans-serif">(10,180,202</FONT>	</TD>
	<TD align=left width=2% nowrap>
<FONT size=2 face="sans-serif">)</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=17% nowrap>&nbsp;	</TD>
	<TD align=left width=49% nowrap>
<B><FONT size=2 face="sans-serif">Preferred Shares, at Redemption Value - (68.5)%</FONT></B>	</TD>
	<TD align=right width=2% nowrap>&nbsp;	</TD>
	<TD align=left width=6% nowrap>&nbsp;	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
	<TD align=left width=1% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right width=8% nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">(126,967,752</FONT>	</TD>
	<TD align=left width=2% nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">)</FONT>	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left width=17% nowrap>&nbsp;	</TD>
	<TD align=left width=49% nowrap>
<B><FONT size=2 face="sans-serif">Net Assets Applicable to Common Shares - 100.0%</FONT></B>	</TD>
	<TD align=right width=2% nowrap>&nbsp;	</TD>
	<TD align=left width=6% nowrap>&nbsp;	</TD>
	<TD align=left width=2% nowrap>&nbsp;	</TD>
	<TD align=left width=1% nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="sans-serif">&#36;</FONT>	</TD>
	<TD align=right width=8% nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="sans-serif">185,303,309</FONT>	</TD>
	<TD align=left width=2% nowrap style="border-bottom:3px double #000000;">&nbsp;	</TD>
</TR>
</TABLE>
<BR>


<TABLE border=0 cellspacing=0 cellpadding=0>
<TR>
	<TD nowrap valign=top>
<FONT size=2 face="sans-serif">*</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=100%>
<P align="left"><FONT size=2 face="sans-serif">The cost and unrealized appreciation (depreciation) of investments as of January 31, 2009, as computed for federal income tax purposes, were as follows:</FONT></P>
	</TD>
</TR>
<TR><TD colspan=2>&nbsp;</TD></TR>
</TABLE>


<TABLE width="50%" border=0 cellpadding=0 cellspacing=0>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left width=54% nowrap>
<FONT size=2 face="sans-serif">Aggregate cost</FONT>	</TD>
	<TD width=16%>&nbsp;	</TD>
	<TD align=left width=4% nowrap style="border-bottom:3px double #000000;">
<U><FONT size=2 face="sans-serif">&#36;</FONT></U>	</TD>
	<TD width=2% style="border-bottom:3px double #000000;">&nbsp;
	</TD>
	<TD align=right width=20% nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="sans-serif">348,128,262</FONT>	</TD>
	<TD align=left width=4% nowrap style="border-bottom:3px double #000000;">&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=54% nowrap>
<FONT size=2 face="sans-serif">Gross unrealized appreciation</FONT>	</TD>
	<TD width=16%>&nbsp;	</TD>
	<TD align=left width=4% nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>	</TD>
	<TD width=2%>&nbsp;
	</TD>
	<TD align=right width=20% nowrap>
<FONT size=2 face="sans-serif">8,434,629</FONT>	</TD>
	<TD align=left width=4% nowrap>&nbsp;

	</TD>
</TR>
<TR valign="bottom" bgcolor="#E6E6E6">
	<TD align=left width=54% nowrap>
<FONT size=2 face="sans-serif">Gross unrealized depreciation</FONT>	</TD>
	<TD width=16%>&nbsp;	</TD>
	<TD align=left width=4% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD width=2% style="border-bottom:1px solid #000000;">&nbsp;
	</TD>
	<TD align=right width=20% nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">(48,934,969</FONT>	</TD>
	<TD align=left width=4% nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">)</FONT>
	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=54% nowrap>
<FONT size=2 face="sans-serif">Net unrealized depreciation</FONT>	</TD>
	<TD width=16%>&nbsp;	</TD>
	<TD align=left width=4% nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="sans-serif">&#36;</FONT>	</TD>
	<TD width=2% style="border-bottom:3px double #000000;">&nbsp;
	</TD>
	<TD align=right width=20% nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="sans-serif">(40,500,340</FONT>	</TD>
	<TD align=left width=4% nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="sans-serif">)</FONT>
	</TD>
</TR>
</TABLE><BR>
<TABLE border=0 cellspacing=0 cellpadding=0>
<TR>
	<TD nowrap valign=top>
<FONT size=2 face="sans-serif">(a)</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=100%>
<P align="left"><FONT size=2 face="sans-serif">FSA Insured.</FONT></P>
	</TD>
</TR>
<TR><TD colspan=2>&nbsp;</TD></TR><TR>
	<TD nowrap valign=top>
<FONT size=2 face="sans-serif">(b)</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=100%>
<P align="left"><FONT size=2 face="sans-serif">Represents a zero-coupon bond. Rate shown reflects the effective yield as of report date.</FONT></P>
	</TD>
</TR>
<TR><TD colspan=2>&nbsp;</TD></TR><TR>
	<TD nowrap valign=top>
<FONT size=2 face="sans-serif">(c)</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=100%>
<P align="left"><FONT size=2 face="sans-serif">CIFG Insured.</FONT></P>
	</TD>
</TR>
<TR><TD colspan=2>&nbsp;</TD></TR><TR>
	<TD nowrap valign=top>
<FONT size=2 face="sans-serif">(d)</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=100%>
<P align="left"><FONT size=2 face="sans-serif">Represents a step-up bond that pays an initial coupon rate for the first period and then a higher coupon rate for the following periods. Rate shown reflects the effective yield as of report
date.</FONT></P>
	</TD>
</TR>
<TR><TD colspan=2>&nbsp;</TD></TR><TR>
	<TD nowrap valign=top>
<FONT size=2 face="sans-serif">(e)</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=100%>
<P align="left"><FONT size=2 face="sans-serif">MBIA Insured.</FONT></P>
	</TD>
</TR>
<TR><TD colspan=2>&nbsp;</TD></TR><TR>
	<TD nowrap valign=top>
<FONT size=2 face="sans-serif">(f)</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=100%>
<P align="left"><FONT size=2 face="sans-serif">US government securities, held in escrow, are used to pay interest on this security as well as to retire the bond in full at the date indicated, typically at a premium to par.</FONT></P>
	</TD>
</TR>
<TR><TD colspan=2>&nbsp;</TD></TR><TR>
	<TD nowrap valign=top>
<FONT size=2 face="sans-serif">(g)</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=100%>
<P align="left"><FONT size=2 face="sans-serif">XL Capital Insured.</FONT></P>
	</TD>
</TR>
<TR><TD colspan=2>&nbsp;</TD></TR><TR>
	<TD nowrap valign=top>
<FONT size=2 face="sans-serif">(h)</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=100%>
<P align="left"><FONT size=2 face="sans-serif">Non-income producing security.</FONT></P>
	</TD>
</TR>
<TR><TD colspan=2>&nbsp;</TD></TR><TR>
	<TD nowrap valign=top>
<FONT size=2 face="sans-serif">(i)</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=100%>
<P align="left"><FONT size=2 face="sans-serif">Issuer filed for bankruptcy and/or is in default of interest payments.</FONT></P>
	</TD>
</TR>
<TR><TD colspan=2>&nbsp;</TD></TR></TABLE>
<P align="center">
<FONT size=2 face="sans-serif">8</FONT></P>

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



<P STYLE="page-break-before:always"></P><PAGE>
<A name="page_9"></A>

<P align="left">
<B><FONT size=4 face="sans-serif">BlackRock Investment Quality Municipal Trust</FONT></B></P>
<P align="left">
<B><FONT size=2 face="sans-serif">Schedule of Investments January 31, 2009 (Unaudited)</FONT></B></P>
<TABLE border=0 cellspacing=0 cellpadding=0>
<TR>
	<TD width="5%" align=right valign=top>
<FONT size=2 face="sans-serif">(j)</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=95%>
<P align="left"><FONT size=2 face="sans-serif">AMBAC Insured.</FONT></P>
	</TD>
</TR>
<TR><TD colspan=2>&nbsp;</TD></TR><TR>
	<TD valign=top align=right>
<FONT size=2 face="sans-serif">(k)</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=95%>
<P align="left"><FONT size=2 face="sans-serif">Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration to qualified institutional investors.</FONT></P>
	</TD>
</TR>
<TR><TD colspan=2>&nbsp;</TD></TR><TR>
	<TD valign=top align=right>
<FONT size=2 face="sans-serif">(l)</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=95%>
<P align="left"><FONT size=2 face="sans-serif">Security is collateralized by Municipal or US Treasury Obligations.</FONT></P>
	</TD>
</TR>
<TR><TD colspan=2>&nbsp;</TD></TR><TR>
	<TD valign=top align=right>
<FONT size=2 face="sans-serif">(m)</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=95%>
<P align="left"><FONT size=2 face="sans-serif">FGIC Insured.</FONT></P>
	</TD>
</TR>
<TR><TD colspan=2>&nbsp;</TD></TR><TR>
	<TD valign=top align=right>
<FONT size=2 face="sans-serif">(n)</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=95%>
<P align="left"><FONT size=2 face="sans-serif">Assured Guaranty Insured.</FONT></P>
	</TD>
</TR>
<TR><TD colspan=2>&nbsp;</TD></TR><TR>
	<TD valign=top align=right>
<FONT size=2 face="sans-serif">(o)</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=95%>
<P align="left"><FONT size=2 face="sans-serif">FHA Insured.</FONT></P>
	</TD>
</TR>
<TR><TD colspan=2>&nbsp;</TD></TR><TR>
	<TD valign=top align=right>
<FONT size=2 face="sans-serif">(p)</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=95%>
<P align="left"><FONT size=2 face="sans-serif">FHLMC Collateralized.</FONT></P>
	</TD>
</TR>
<TR><TD colspan=2>&nbsp;</TD></TR><TR>
	<TD valign=top align=right>
<FONT size=2 face="sans-serif">(q)</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=95%>
<P align="left"><FONT size=2 face="sans-serif">FNMA Collateralized.</FONT></P>
	</TD>
</TR>
<TR><TD colspan=2>&nbsp;</TD></TR><TR>
	<TD valign=top align=right>
<FONT size=2 face="sans-serif">(r)</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=95%>
<P align="left"><FONT size=2 face="sans-serif">GNMA Collateralized.</FONT></P>
	</TD>
</TR>
<TR><TD colspan=2>&nbsp;</TD></TR><TR>
	<TD valign=top align=right>
<FONT size=2 face="sans-serif">(s)</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=95%>
<P align="left"><FONT size=2 face="sans-serif">Security represents a beneficial interest in a trust. The collateral deposited into the trust is federally tax-exempt revenue bonds issued by various state or local governments, or their respective
agencies or authorities. The security is subject to mandatory redemption at maturity.</FONT></P>
	</TD>
</TR>
<TR><TD colspan=2>&nbsp;</TD></TR><TR>
	<TD valign=top align=right>
<FONT size=2 face="sans-serif">(t)</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=95%>
<P align="left"><FONT size=2 face="sans-serif">BHAC Insured.</FONT></P>
	</TD>
</TR>
<TR><TD colspan=2>&nbsp;</TD></TR><TR>
	<TD valign=top align=right>
<FONT size=2 face="sans-serif">(u)</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=95%>
<P align="left"><FONT size=2 face="sans-serif">Securities represent bonds transferred to a tender option bond trust in exchange for which the Trust acquired residual interest certificates. These securities serve as collateral in a financing
transaction.</FONT></P>

	</TD>
</TR>
<TR><TD colspan=2>&nbsp;</TD></TR><TR>
	<TD valign=top align=right>
<FONT size=2 face="sans-serif">(v)</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=95%>
<P align="left"><FONT size=2 face="sans-serif">Represents the current yield as of report date.</FONT></P>
	</TD>
</TR>
<TR><TD colspan=2>&nbsp;</TD></TR><TR>
	<TD valign=top align=right>
<FONT size=2 face="sans-serif">(w)</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=95%>
<P align="left"><FONT size=2 face="sans-serif">Investments in companies considered to be an affiliate of the Trust, for purposes of Section 2(a)(3) of the Investment Company Act of 1940, were as follows:</FONT></P>
	</TD>
</TR>
<TR><TD colspan=2>&nbsp;</TD></TR></TABLE>


<TABLE border=0 cellspacing=0 cellpadding=0>
<TR valign="bottom">
	<TD align=left width=45% nowrap style="border-bottom:1px solid #000000; border-top:1px solid #000000">
<B><FONT size=2 face="sans-serif">Affiliate</FONT></B>
	</TD>
	<TD width=2% style="border-bottom:1px solid #000000; border-top:1px solid #000000">&nbsp;
	</TD>
	<TD align=left width=18% nowrap style="border-bottom:1px solid #000000; border-top:1px solid #000000">
<B><FONT size=2 face="sans-serif">Net Activity</FONT></B>
	</TD>
	<TD align=left width=3% nowrap style="border-bottom:1px solid #000000; border-top:1px solid #000000">&nbsp;

	</TD>
	<TD width=2% style="border-bottom:1px solid #000000; border-top:1px solid #000000">&nbsp;
	</TD>
	<TD align=left width=6% nowrap style="border-bottom:1px solid #000000; border-top:1px solid #000000">&nbsp;

	</TD>
	<TD width=2% style="border-bottom:1px solid #000000; border-top:1px solid #000000">&nbsp;
	</TD>
	<TD align=left width=11% nowrap style="border-bottom:1px solid #000000; border-top:1px solid #000000">
<B><FONT size=2 face="sans-serif">Income</FONT></B>
	</TD>
	<TD width=2% style="border-bottom:1px solid #000000; border-top:1px solid #000000">&nbsp;
	</TD>
	<TD align=left width=6% nowrap style="border-bottom:1px solid #000000; border-top:1px solid #000000">&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=45% nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">Merrill Lynch Institutional Tax-Exempt Fund</FONT>
	</TD>
	<TD width=2% style="border-bottom:1px solid #000000;">&nbsp;
	</TD>
	<TD align=right width=18% nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">(6,800,000</FONT>
	</TD>
	<TD align=left width=3% nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">)</FONT>
	</TD>
	<TD width=2% style="border-bottom:1px solid #000000;">&nbsp;
	</TD>
	<TD align=left width=6% nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">&#36;</FONT>
	</TD>
	<TD width=2% style="border-bottom:1px solid #000000;">&nbsp;
	</TD>
	<TD align=left width=11% nowrap style="border-bottom:1px solid #000000;">&nbsp;

	</TD>
	<TD width=2% style="border-bottom:1px solid #000000;">&nbsp;
	</TD>
	<TD align=left width=6% nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">23,816</FONT>
	</TD>
</TR>
</TABLE><BR>
<TABLE border=0 cellspacing=0 cellpadding=0>
<TR>
	<TD nowrap valign=top>
<font size=2 face="Wingdings">&#159; &nbsp;</font></TD>
	<TD width=100% colspan=2>
<P align="left"><FONT size=2 face="sans-serif">Effective November 1, 2008, the Trust adopted Financial Accounting Standards Board Statement of Financial Accounting Standards No. 157, "Fair Value Measurements" ("FAS 157"). FAS 157 clarifies the
definition of fair value, establishes a framework for measuring fair values and requires additional disclosures about the use of fair value measurements.</FONT></P>
	</TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
<TD>&nbsp;</TD>	<TD width=100% colspan=2>
<P align="left"><FONT size=2 face="sans-serif">Various inputs are used in determining the fair value of investments, which are as follows:</FONT></P>
	</TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
<TD>&nbsp;</TD>
<TD nowrap valign=top>
<font size=2 face="Wingdings">&#159; &nbsp;</font></TD>
	<TD width=100%>
<P align="left"><FONT size=2 face="sans-serif">Level 1 - price quotations in active markets/exchanges for identical securities</FONT></P>
	</TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
<TD>&nbsp;</TD>	<TD nowrap valign=top>
<font size=2 face="Wingdings">&#159;</font></TD>
	<TD width=100%>
<P align="left"><FONT size=2 face="sans-serif">Level 2 - other observable inputs (including, but not limited to: quoted prices for similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for
the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, and default rates) or other market-corroborated inputs)</FONT></P>
	</TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
<TD>&nbsp;</TD>	<TD nowrap valign=top>
<font size=2 face="Wingdings">&#159;</font></TD>
	<TD width=100%>
<P align="left"><FONT size=2 face="sans-serif">Level 3 - unobservable inputs based on the best information available in the circumstance, to the extent observable inputs are not available (including the Trust's own assumption used in determining the
fair value of investments)</FONT></P>
	</TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
<TD>&nbsp;</TD>	<TD width=100% colspan=2>
<P align="left"><FONT size=2 face="sans-serif">The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For information about the Trust's policy regarding
valuation of investments and other significant accounting policies, please refer to the Trust's most recent financial statements as contained in its annual report.</FONT></P>
	</TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR></TABLE>
<P align="left">
<FONT size=2 face="sans-serif">The following table summarizes the inputs used as of January 31, 2009 in determining the fair valuation of the Trust's investments:</FONT></P>
<TABLE width="40%" border=0 cellpadding=0 cellspacing=0>
<TR valign="bottom">
	<TD align=center width=35% nowrap style="border-top:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Valuation</FONT></B>	</TD>
	<TD width=17% style="border-top:1px solid #000000;">&nbsp;	</TD>
	<TD align=left width=5% nowrap style="border-top:1px solid #000000;">&nbsp;	</TD>
	<TD align=center width=43% nowrap style="border-top:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Investments in</FONT></B>	</TD>
</TR>
<TR valign="bottom">
	<TD align=center width=35% nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Inputs</FONT></B>	</TD>
	<TD width=17% style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left width=5% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=center width=43% nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="sans-serif">Securities</FONT></B>	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=35% nowrap>&nbsp;	</TD>
	<TD width=17%>&nbsp;	</TD>
	<TD align=left width=5% nowrap>&nbsp;	</TD>
	<TD align=center width=43% nowrap>
<B><U><FONT size=2 face="sans-serif">Assets</FONT></U></B>	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=35% nowrap>
<FONT size=2 face="sans-serif">Level 1</FONT>	</TD>
	<TD width=17%>&nbsp;	</TD>
	<TD align=left width=5% nowrap>
<FONT size=2 face="sans-serif">&#36;</FONT>	</TD>
	<TD align=right width=43% nowrap>
<FONT size=2 face="sans-serif">8,600,000</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=35% nowrap>
<FONT size=2 face="sans-serif">Level 2</FONT>	</TD>
	<TD width=17%>&nbsp;	</TD>
	<TD align=left width=5% nowrap>&nbsp;	</TD>
	<TD align=right width=43% nowrap>
<FONT size=2 face="sans-serif">309,165,722</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=35% nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">Level 3</FONT>	</TD>
	<TD width=17% style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=left width=5% nowrap style="border-bottom:1px solid #000000;">&nbsp;	</TD>
	<TD align=right width=43% nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="sans-serif">-</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=35% nowrap>
<B><FONT size=2 face="sans-serif">Total</FONT></B>	</TD>
	<TD width=17%>&nbsp;	</TD>
	<TD align=left width=5% nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="sans-serif">&#36;</FONT>	</TD>
	<TD align=right width=43% nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="sans-serif">317,765,722</FONT>	</TD>
</TR>
</TABLE>
<BR>
<P align="center">
<FONT size=2 face="sans-serif">9</FONT></P>







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


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

<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr>
    <td width="6%" align="left" valign="top"><FONT size=2 face="serif">2(a) &#150;</FONT></td>
    <td width="94%" align="left" valign="top"><FONT size=2 face="serif">The registrant&#146;s principal executive and
        principal financial officers or persons performing similar functions
        have concluded that the registrant&#146;s disclosure controls and procedures
        (as defined in Rule 30a-3(c) under the Investment Company Act of 1940,
        as amended (the &#147;1940 Act&#148;)) are effective as of a date within
        90 days of the filing of this report based on the evaluation of these
        controls and procedures required by Rule 30a-3(b) under the 1940 Act
    and Rule 13(a)-15(b) under the Securities Exchange Act of 1934, as amended. </FONT></td>
  </tr>
  <tr>
    <td width="6%" align="left" valign="top">&nbsp;</td>
    <td width="94%" align="left" valign="top">&nbsp;</td>
  </tr>
  <tr>
    <td width="6%" align="left" valign="top"><FONT size=2 face="serif">2(b) &#150;</FONT></td>
    <td width="94%" align="left" valign="top"><FONT size=2 face="serif">There were no changes in the registrant&#146;s
        internal control over financial reporting (as defined in Rule 30a-3(d)
        under the 1940 Act) that occurred during the registrant&#146;s last fiscal
        quarter that have materially affected, or are reasonably likely to materially
    affect, the registrant&#146;s internal control over financial reporting. </FONT></td>
  </tr>
</table>
<P align="left"><FONT size=2 face="serif">Item 3 &#150; Exhibits</FONT></P>
<TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
<TR valign="bottom">
  <TD width=6% align=left nowrap>&nbsp;</TD>
  <TD colspan="3" align=left nowrap>
    <FONT size=2 face="serif">Certifications &#150; Attached hereto</FONT>	</TD>
  </TR>
<TR>
  <TD width="6%">&nbsp;</TD>
  <TD width="4%">&nbsp;</TD>
	<TD colspan="2">&nbsp;	</TD>
</TR>
<TR valign="bottom">
  <TD width=6% align=left>&nbsp;</TD>
  <TD colspan="3" align=left>
    <FONT size=2 face="serif">Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company</FONT>
    <FONT size=2 face="serif">Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned,</FONT>
    <FONT size=2 face="serif">thereunto duly authorized.</FONT>	</TD>
  </TR>

<TR>
  <TD width="6%">&nbsp;</TD>
  <TD width="4%">&nbsp;</TD>
	<TD colspan="2">&nbsp;	</TD>
</TR>
<TR valign="bottom">
  <TD width=6% align=left nowrap>&nbsp;</TD>
  <TD colspan="3" align=left nowrap><FONT size=2 face="serif">BlackRock Investment Quality Municipal Trust, Inc.</FONT>	</TD>
  </TR>
<TR>
  <TD width="6%">&nbsp;</TD>
  <TD width="4%">&nbsp;</TD>
	<TD colspan="2">&nbsp;	</TD>
</TR>
<TR valign="bottom">
  <TD width=6% align=left nowrap>&nbsp;</TD>
  <TD width=4% align=left nowrap><FONT size=2 face="serif">By:</FONT> </TD>
	<TD width=20% align=left nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="serif">/s/ Donald C. Burke</FONT></TD>
    <TD width=70% align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=6% align=left nowrap>&nbsp;</TD>
  <TD width=4% align=left nowrap>&nbsp;</TD>
	<TD colspan="2" align=left nowrap><FONT size=2 face="serif">Donald C. Burke</FONT>	</TD>
</TR>
<TR valign="bottom">
  <TD width=6% align=left nowrap>&nbsp;</TD>
  <TD width=4% align=left nowrap>&nbsp;</TD>
	<TD colspan="2" align=left nowrap> <FONT size=2 face="serif">Chief Executive Officer of</FONT>	</TD>
</TR>
<TR valign="bottom">
  <TD width=6% align=left nowrap>&nbsp;</TD>
  <TD width=4% 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 width="6%">&nbsp;</TD>
  <TD width="4%">&nbsp;</TD>
	<TD colspan="2">&nbsp;	</TD>
</TR>
<TR valign="bottom">
  <TD width=6% align=left nowrap>&nbsp;</TD>
  <TD colspan="3" align=left nowrap><FONT size=2 face="serif">Date: March 25,
    2009</FONT>	</TD>
  </TR>
<TR>
  <TD width="6%">&nbsp;</TD>
  <TD width="4%">&nbsp;</TD>
	<TD colspan="2">&nbsp;	</TD>
</TR>
<TR valign="bottom">
  <TD width=6% align=left nowrap>&nbsp;</TD>
  <TD colspan="3" align=left><FONT size=2 face="serif">Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company</FONT>	<FONT size=2 face="serif">Act of 1940, this report has been signed below by the following persons on behalf of the registrant</FONT>	<FONT size=2 face="serif">and in the capacities and on the dates indicated.</FONT>	</TD>
  </TR>

<TR>
  <TD width="6%">&nbsp;</TD>
  <TD width="4%">&nbsp;</TD>
	<TD colspan="2">&nbsp;	</TD>
</TR>
<TR valign="bottom">
  <TD width=6% align=left nowrap>&nbsp;</TD>
  <TD width=4% align=left nowrap><FONT size=2 face="serif">By:</FONT> </TD>
	<TD width=20% align=left nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="serif">/s/ Donald C. Burke</FONT></TD>
    <TD width=70% align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=6% align=left nowrap>&nbsp;</TD>
  <TD width=4% align=left nowrap>&nbsp;</TD>
	<TD colspan="2" align=left nowrap> <FONT size=2 face="serif">Donald C. Burke</FONT>	</TD>
</TR>
<TR valign="bottom">
  <TD width=6% align=left nowrap>&nbsp;</TD>
  <TD width=4% align=left nowrap>&nbsp;</TD>
	<TD colspan="2" align=left nowrap><FONT size=2 face="serif">Chief Executive Officer (principal executive officer) of</FONT>	</TD>
</TR>
<TR valign="bottom">
  <TD width=6% align=left nowrap>&nbsp;</TD>
  <TD width=4% 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 width="6%">&nbsp;</TD>
  <TD width="4%">&nbsp;</TD>
	<TD colspan="2">&nbsp;	</TD>
</TR>
<TR valign="bottom">
  <TD width=6% align=left nowrap>&nbsp;</TD>
  <TD colspan="3" align=left nowrap><FONT size=2 face="serif">Date: March 25,
    2009</FONT>	</TD>
  </TR>
<TR>
  <TD width="6%">&nbsp;</TD>
  <TD width="4%">&nbsp;</TD>
	<TD colspan="2">&nbsp;	</TD>
</TR>
<TR valign="bottom">
  <TD width=6% align=left nowrap>&nbsp;</TD>
  <TD width=4% align=left nowrap><FONT size=2 face="serif">By:</FONT> </TD>
	<TD width=20% align=left nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="serif">/s/ Neal J. Andrews</FONT></TD>
    <TD width=70% align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=6% align=left nowrap>&nbsp;</TD>
  <TD width=4% align=left nowrap>&nbsp;</TD>
	<TD colspan="2" align=left nowrap> <FONT size=2 face="serif">Neal J. Andrews</FONT>	</TD>
</TR>
<TR valign="bottom">
  <TD width=6% align=left nowrap>&nbsp;</TD>
  <TD width=4% align=left nowrap>&nbsp;</TD>
	<TD colspan="2" align=left nowrap><FONT size=2 face="serif">Chief Financial Officer (principal financial officer) of</FONT>	</TD>
</TR>
<TR valign="bottom">
  <TD width=6% align=left nowrap>&nbsp;</TD>
  <TD width=4% 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 width="6%">&nbsp;</TD>
  <TD width="4%">&nbsp;</TD>
	<TD colspan="2">&nbsp;	</TD>
</TR>
<TR valign="bottom">
  <TD width=6% align=left nowrap>&nbsp;</TD>
  <TD colspan="3" align=left nowrap><FONT size=2 face="serif">Date: March 25,
    2009</FONT>	</TD>
  </TR>
</TABLE>
<BR>

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<DOCUMENT>
<TYPE>EX-99.CERT
<SEQUENCE>2
<FILENAME>c56810_ex99-cert.htm
<TEXT>

<HTML>
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<TITLE> -- Converted by SEC Publisher, created by BCL Technologies Inc., for SEC Filing</TITLE>
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<P align="left">
<B><FONT size=2 face="serif">EX-99. CERT </FONT></B><BR>
<B><FONT size=2 face="serif">CERTIFICATION PURSUANT TO RULE 30a-2(a) UNDER THE 1940 ACT AND SECTION 302 OF</FONT></B><BR>
<B><FONT size=2 face="serif">THE SARBANES-OXLEY ACT OF 2002 </FONT></B></P>
<div style="border-bottom:1px solid #000000"> </div>
<P align="left">
<FONT size=2 face="serif">I, Donald C. Burke, Chief Executive Officer (principal executive officer) of BlackRock Investment Quality Municipal Trust, Inc., certify that: </FONT></P>
<P align="left">
<FONT size=2 face="serif">1.</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="sans-serif"> </FONT><FONT size=2 face="serif">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>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="sans-serif"> </FONT><FONT size=2 face="serif">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>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="sans-serif"> </FONT><FONT size=2 face="serif">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>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="sans-serif"> </FONT><FONT size=2 face="serif">The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in
Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have: </FONT></P>
<div style="margin-left:5%">
<P align="left">
<FONT size=2 face="serif">a)</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="sans-serif"> </FONT><FONT size=2 face="serif">designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure
that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; </FONT></P>
<P align="left">
<FONT size=2 face="serif">b)</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="sans-serif"> </FONT><FONT size=2 face="serif">designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our
supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; </FONT></P>
<P align="left">
<FONT size=2 face="serif">c)</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="sans-serif"> </FONT><FONT size=2 face="serif">evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the
effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and </FONT></P>
<P align="left">
<FONT size=2 face="serif">d)</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="sans-serif"> </FONT><FONT size=2 face="serif">disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent
fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and </FONT></P>
</div>
<P align="left">
<FONT size=2 face="serif">5.</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="sans-serif"> </FONT><FONT size=2 face="serif">The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of
directors (or persons performing the equivalent functions): </FONT></P>
<div style="margin-left:5%">
<P align="left">
<FONT size=2 face="serif">a)</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="sans-serif"> </FONT><FONT size=2 face="serif">all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably
likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and </FONT></P>
<P align="left">
<FONT size=2 face="serif">b)</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="sans-serif"> </FONT><FONT size=2 face="serif">any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over
financial reporting. </FONT></P>
</div>
<P align="left">
<FONT size=2 face="serif">Date: March 25, 2009</FONT></P>
<TABLE width="30%" border=0 cellpadding=0 cellspacing=0>
<TR valign="bottom">
  <TD width=50% align=left nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="serif">/s/ Donald C. Burke</FONT></TD>
  <TD width=50% align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=100% colspan="2" align=left nowrap>
<FONT size=2 face="serif">Donald C. Burke</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD width=100% colspan="2" align=left nowrap>
<FONT size=2 face="serif">Chief Executive Officer (principal executive officer) of</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD width=100% colspan="2" align=left nowrap>
<FONT size=2 face="serif">BlackRock Investment Quality Municipal Trust, Inc.</FONT>	</TD>
</TR>
</TABLE>
<BR>

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


<P align="left">
<B><FONT size=2 face="serif">EX-99. CERT </FONT></B><BR>
<B><FONT size=2 face="serif">CERTIFICATION PURSUANT TO RULE 30a-2(a) UNDER THE 1940 ACT AND SECTION 302 OF</FONT></B><BR>
<B><FONT size=2 face="serif">THE SARBANES-OXLEY ACT OF 2002 </FONT></B></P>
<div style="border-bottom:1px solid #000000"> </div>
<P align="left">
<FONT size=2 face="serif">I, Neal J. Andrews, Chief Financial Officer (principal financial officer) of BlackRock Investment Quality Municipal Trust, Inc., certify that: </FONT></P>
<P align="left">
<FONT size=2 face="serif">1.</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="sans-serif"> </FONT><FONT size=2 face="serif">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>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="sans-serif"> </FONT><FONT size=2 face="serif">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>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="sans-serif"> </FONT><FONT size=2 face="serif">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>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="sans-serif"> </FONT><FONT size=2 face="serif">The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in
Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have: </FONT></P>
<div style="margin-left:5%">
<P align="left">
<FONT size=2 face="serif">a)</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="sans-serif"> </FONT><FONT size=2 face="serif">designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure
that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; </FONT></P>
<P align="left">
<FONT size=2 face="serif">b)</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="sans-serif"> </FONT><FONT size=2 face="serif">designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our
supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; </FONT></P>
<P align="left">
<FONT size=2 face="serif">c)</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="sans-serif"> </FONT><FONT size=2 face="serif">evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the
effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and </FONT></P>
<P align="left">
<FONT size=2 face="serif">d)</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="sans-serif"> </FONT><FONT size=2 face="serif">disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent
fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and </FONT></P>
</div>
<P align="left">
<FONT size=2 face="serif">5.</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="sans-serif"> </FONT><FONT size=2 face="serif">The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of
directors (or persons performing the equivalent functions): </FONT></P>
<div style="margin-left:5%">
<P align="left">
<FONT size=2 face="serif">a)</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="sans-serif"> </FONT><FONT size=2 face="serif">all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably
likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and </FONT></P>
<P align="left">
<FONT size=2 face="serif">b)</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="sans-serif"> </FONT><FONT size=2 face="serif">any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over
financial reporting. </FONT></P>
</div>
<P align="left">
<FONT size=2 face="serif">Date: March 25, 2009</FONT></P>
<TABLE width="30%" border=0 cellpadding=0 cellspacing=0>
<TR valign="bottom">
  <TD width=50% align=left nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="serif">/s/ Neal J. Andrews</FONT></TD>
  <TD width=50% align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=100% colspan="2" align=left nowrap>
<FONT size=2 face="serif">Neal J. Andrews</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD width=100% colspan="2" align=left nowrap>
<FONT size=2 face="serif">Chief Financial Officer (principal financial officer) of</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD width=100% colspan="2" align=left nowrap>
<FONT size=2 face="serif">BlackRock Investment Quality Municipal Trust, Inc.</FONT>	</TD>
</TR>
</TABLE>
<BR>

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