<SEC-DOCUMENT>0000891092-13-008048.txt : 20130924
<SEC-HEADER>0000891092-13-008048.hdr.sgml : 20130924
<ACCEPTANCE-DATETIME>20130924145934
ACCESSION NUMBER:		0000891092-13-008048
CONFORMED SUBMISSION TYPE:	N-Q
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20130731
FILED AS OF DATE:		20130924
DATE AS OF CHANGE:		20130924
EFFECTIVENESS DATE:		20130924

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:		131112087

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

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

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BLACKROCK INVESTMENT QUALITY MUNICIPAL TRUST, INC.
		DATE OF NAME CHANGE:	20120921

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BLACKROCK INVESTMENT QUALITY MUNICIPAL TRUST INC
		DATE OF NAME CHANGE:	19930328
</SEC-HEADER>
<DOCUMENT>
<TYPE>N-Q
<SEQUENCE>1
<FILENAME>e55472nq.htm
<DESCRIPTION>FORM N-Q
<TEXT>
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<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-weight: normal; font-style: normal; vertical-align: baseline">UNITED
STATES</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-weight: normal; font-style: normal; vertical-align: baseline">SECURITIES
AND EXCHANGE COMMISSION </FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-weight: normal; font-style: normal; vertical-align: baseline">Washington,
D.C. 20549</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in"><B>FORM N-Q</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in"><B>QUARTERLY SCHEDULE OF PORTFOLIO
HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: center; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">Investment Company Act file number 811-07354</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.5in">Name of Fund: BlackRock Investment
Quality Municipal Trust, Inc. (BKN)</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.5in">Fund Address: 100 Bellevue Parkway,
Wilmington, DE 19809</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.5in">Name and address of agent for service:
John M. Perlowski, Chief Executive Officer, BlackRock Investment Quality Municipal Trust, Inc., 55 East 52<SUP>nd</SUP> Street,
New York, NY 10055</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.5in">Registrant&rsquo;s telephone number,
including area code: (800) 882-0052, Option 4</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.5in">Date of fiscal year end: 04/30/2014</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.5in">Date of reporting period: 07/31/2013</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 11pt">Item 1 &ndash; Schedule of Investments</P>


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<P></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<tr style="vertical-align: bottom">
    <TD STYLE="width: 55%; border-top: rgb(0,111,192) 6pt solid; font: 12pt Times New Roman, Times, Serif; padding-top: 4pt"><font style="font: 14pt Arial, Helvetica, Sans-Serif; color: navy">Schedule of Investments</font><font style="font-family: Arial, Helvetica, Sans-Serif; color: navy"> <font style="font-size: 9pt">July 31, 2013 (Unaudited)</font> </font></td>
    <TD STYLE="width: 45%; border-top: rgb(0,111,192) 6pt solid; font: 8pt Arial, Helvetica, Sans-Serif; color: navy; text-align: right; padding-top: 4pt"><font style="font-size: 8pt"><b>BlackRock Investment Quality Municipal Trust Inc. (BKN)</b></font></td></tr>
<tr style="vertical-align: bottom">
    <TD STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;</td>
    <TD STYLE="font: 7pt Arial, Helvetica, Sans-Serif; color: navy; text-align: right"><font style="font-size: 7pt"><b>(Percentages shown are based on Net Assets)</b></font></td></tr>
</table>
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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 8pt Franklin Gothic Book; width: 100%; border-collapse: collapse">
<tr>
    <td colspan="12" style="vertical-align: bottom">&nbsp;</td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <TD COLSPAN="8" STYLE="vertical-align: bottom; font-weight: bold; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">Municipal Bonds</font></td>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">Par</font><br>
<font style="font-family: Arial, Helvetica, Sans-Serif">(000)</font></td>
    <TD STYLE="vertical-align: bottom; font-weight: bold; text-align: right; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">Value</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>
<tr>
    <td colspan="12" style="padding-top: 2pt; color: navy; font-weight: bold"><font style="font-family: Arial, Helvetica, Sans-Serif">Alabama&nbsp;&nbsp;&mdash; 3.5%</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Birmingham Special Care Facilities Financing Authority, RB, Children's Hospital (AGC):</font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">6.00%, 6/01/34 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">$</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,745</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">$</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,967,330</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">6.00%, 6/01/39 </font></td>
    <TD COLSPAN="5" STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">500</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">563,705</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Birmingham Water Works Board, RB, 4.75%, 1/01/36 </font></td>
    <TD COLSPAN="5" STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">3,150</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">3,119,854</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Hoover City Board of Education, Special Tax, Refunding, 4.25%, 2/15/40 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">3,050</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">2,878,377</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>
<tr>
    <TD COLSPAN="10" STYLE="vertical-align: bottom; padding-top: 2pt; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; text-align: right; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; text-align: right; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">8,529,266</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>

<TR>
    <TD COLSPAN="10" STYLE="vertical-align: bottom; padding-top: 2pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<tr>
    <td colspan="12" style="padding-top: 2pt; color: navy; font-weight: bold"><font style="font-family: Arial, Helvetica, Sans-Serif">Arizona&nbsp;&nbsp;&mdash; 7.9%</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Arizona Health Facilities Authority, Refunding RB, Phoenix Children's Hospital, Series A, 5.00%, 2/01/42 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">3,300</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">3,032,865</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="7" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Arizona State University, RB, Series C, 5.50%, 7/01/26 </font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">475</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">527,511</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Pima County IDA, Refunding IDRB, Tucson Electric Power Co. Project, Series B, 5.75%, 9/01/29 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,375</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,407,890</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Pinal County Electric District No. 3, Refunding RB, Electric System, 4.75%, 7/01/31 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">3,750</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">3,714,150</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Salt Verde Financial Corp., RB, Senior:</font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">5.00%, 12/01/32 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,035</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,006,176</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">5.00%, 12/01/37 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">4,585</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">4,385,690</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="7" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">San Luis Facility Development Corp., RB, Senior Lien Project, Regional Detention Center Project:</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">6.25%, 5/01/15 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">210</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">204,439</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">7.00%, 5/01/20 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">490</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">447,071</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">7.25%, 5/01/27 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">980</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">793,839</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">State of Arizona, COP, Department of Administration, Series A (AGM), 5.00%, 10/01/29 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,100</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,147,311</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">University Medical Center Corp. Arizona, RB, 6.50%, 7/01/39 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">750</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">807,368</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">University Medical Center Corp. Arizona, Refunding RB, 6.00%, 7/01/39 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,600</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">1,689,552</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>

<tr>
    <TD COLSPAN="10" STYLE="vertical-align: bottom; padding-top: 2pt; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; text-align: right; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; text-align: right; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">19,163,862</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>

<tr>
    <td colspan="12" style="padding-top: 2pt; color: navy; font-weight: bold"><font style="font-family: Arial, Helvetica, Sans-Serif">California&nbsp;&nbsp;&mdash; 24.5%</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">California County Tobacco Securitization Agency, RB, CAB, Stanislaus, Sub-Series C, 11.87%, 6/01/55 (a)</font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">7,090</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">56,933</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<TR>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<tr>
    <TD COLSPAN="8" STYLE="vertical-align: bottom; font-weight: bold; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">Municipal Bonds</font></td>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">Par</font><br>
<font style="font-family: Arial, Helvetica, Sans-Serif">(000)</font></td>
    <TD STYLE="vertical-align: bottom; font-weight: bold; text-align: right; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">Value</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>

<tr>
    <td colspan="12" style="vertical-align: bottom; padding-top: 2pt; color: navy; font-weight: bold"><font style="font-family: Arial, Helvetica, Sans-Serif">California (continued)</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">California Health Facilities Financing Authority, RB, Sutter Health, Series B, 5.88%, 8/15/31 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">$</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">2,300</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">$</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">2,522,870</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Carlsbad Unified School District, GO, Election of 2006, Series B, 5.75%, 5/01/34 (b)</font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,500</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,122,825</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">City of Manteca California, Refunding RB, Sewer System, 4.00%, 12/01/33 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,500</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,361,550</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">City of San Jose California, Refunding ARB, Series A-1, AMT, 5.75%, 3/01/34 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">3,000</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">3,123,150</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Dinuba Unified School District, GO, Election of 2006 (AGM):</font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">5.63%, 8/01/31 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">250</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">266,267</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">5.75%, 8/01/33 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">535</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">570,695</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Foothill-Eastern Transportation Corridor Agency, Refunding RB:</font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">5.75%, 1/15/40 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">3,495</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">3,348,490</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">CAB, 5.88%, 1/15/28 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">7,000</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">7,080,080</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Hartnell Community College District California, GO, CAB, Election of 2002, Series D, 5.91%, 8/01/34 (b)</font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">2,475</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,623,526</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in; padding-top: 4pt"><font style="font-family: Arial, Helvetica, Sans-Serif">Norwalk-La Mirada Unified School District California, GO, Refunding, CAB, Election of 2002, Series E (AGC), 5.92%, 8/01/38 (a)</font></td>
    <TD COLSPAN="5" STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; padding-top: 2pt">&nbsp;</td>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; padding-top: 2pt"><font style="font-family: Arial, Helvetica, Sans-Serif">12,000</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; padding-top: 2pt">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; padding-top: 2pt"><font style="font-family: Arial, Helvetica, Sans-Serif">2,790,960</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-top: 2pt">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Palomar Community College District, GO, CAB, Election of 2006, Series B:</font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">5.46%, 8/01/30 (a)</font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">2,270</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">908,477</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">5.89%, 8/01/33 (a)</font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">4,250</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,330,335</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">5.89%, 8/01/39 (b)</font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">3,000</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,564,920</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Sacramento County California, ARB, Senior Series A, 5.00%, 7/01/41 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">2,100</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">2,105,355</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">San Diego Community College District, GO, CAB, Election of 2002, 5.75%, 8/01/33 (b)</font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">4,200</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">3,099,768</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">San Jose Evergreen Community College District, GO, Election of 2010, Series B, 3.50%, 8/01/32 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,800</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,528,110</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">State of California, GO, Various Purpose:</font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">5.75%, 4/01/31 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">3,000</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">3,257,340</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">6.00%, 3/01/33 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">2,270</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">2,589,571</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">6.50%, 4/01/33 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">2,900</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">3,393,870</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">5.50%, 3/01/40 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">3,650</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">3,857,940</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">(CIFG), 5.00%, 3/01/33 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">4,485</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">4,626,726</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <TD STYLE="width: 1%">&nbsp;</td>
    <TD STYLE="width: 1%">&nbsp;</td>
    <TD STYLE="width: 70%">&nbsp;</td>
    <TD STYLE="width: 1%">&nbsp;</td>
    <TD STYLE="width: 1%">&nbsp;</td>
    <TD STYLE="width: 1%">&nbsp;</td>
    <TD STYLE="width: 1%">&nbsp;</td>
    <TD STYLE="width: 1%">&nbsp;</td>
    <TD STYLE="width: 3%">&nbsp;</td>
    <TD STYLE="width: 5%">&nbsp;</td>
    <TD STYLE="width: 3%">&nbsp;</td>
    <TD STYLE="width: 11%">&nbsp;</td>
    <TD STYLE="width: 1%">&nbsp;</td></tr></TABLE>

<!-- Field: Page; Sequence: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; padding-top: 6pt; padding-bottom: 6pt; border-top: Black 2pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 8pt Arial, Helvetica, Sans-Serif"><TR><TD NOWRAP STYLE="text-align: left; width: 33%">BLACKROCK INVESTMENT QUALITY MUNICIPAL TRUST INC.</TD><TD STYLE="text-align: center; width: 34%">JULY 31, 2013</TD><TD STYLE="text-align: right; width: 33%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->1<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="width: 66%; padding-right: 5.4pt; border-top: rgb(98,151,204) 6pt solid; font: 12pt Arial, Helvetica, Sans-Serif; color: navy; text-align: left; vertical-align: bottom">
<FONT STYLE="font-size: 14pt">Schedule of Investments</FONT>
<FONT STYLE="font: 9pt Arial, Helvetica, Sans-Serif; color: navy">(continued)</FONT></TD>
    <TD NOWRAP STYLE="width: 34%; border-top: rgb(98,151,204) 6pt solid; padding-left: 5.4pt">
        <P STYLE="color: navy; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right"><B>BlackRock Investment Quality Municipal Trust Inc. (BKN)</B></P>
        <P STYLE="color: navy; font: 7pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right"><B>(Percentages shown are based on Net Assets)</B></P></TD></TR>
</TABLE>
<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in; text-align: left">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 8pt Franklin Gothic Book; width: 100%; border-collapse: collapse">
<TR>
    <TD COLSPAN="8" STYLE="vertical-align: bottom; font-weight: bold; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">Municipal Bonds</font></td>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">Par</font><br>
<font style="font-family: Arial, Helvetica, Sans-Serif">(000)</font></td>
    <TD STYLE="vertical-align: bottom; font-weight: bold; text-align: right; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">Value</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>

<tr>
    <td colspan="12" style="vertical-align: bottom; padding-top: 2pt; color: navy; font-weight: bold"><font style="font-family: Arial, Helvetica, Sans-Serif">California (concluded)</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">State of California, GO, Various Purpose, Refunding:</font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">5.00%, 2/01/38 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">$</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">2,000</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">$</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">2,040,940</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">(NPFGC), 5.00%, 6/01/37 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">5,000</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">5,100,950</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>

<tr>
    <TD COLSPAN="10" STYLE="vertical-align: bottom; padding-top: 2pt; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; text-align: right; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; text-align: right; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">59,271,648</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>

<tr>
    <td colspan="12" style="padding-top: 2pt; color: navy; font-weight: bold"><font style="font-family: Arial, Helvetica, Sans-Serif">Colorado&nbsp;&nbsp;&mdash; 0.3%</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">Park Creek Metropolitan District, Refunding RB, Senior Limited Property Tax (AGM), 6.00%, 12/01/38 </font></td>
    <TD COLSPAN="5" STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">750</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">795,510</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>

<tr>
    <td colspan="12" style="padding-top: 2pt; color: navy; font-weight: bold"><font style="font-family: Arial, Helvetica, Sans-Serif">Connecticut&nbsp;&nbsp;&mdash; 1.1%</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Connecticut State Health &amp; Educational Facility Authority, Refunding RB:</font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Hartford Healthcare, Series A, 5.00%, 7/01/32 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,000</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">998,740</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Lawrence &amp; Memorial Hospital, Series F, 5.00%, 7/01/36 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">950</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">955,510</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</td>
    <td colspan="4" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Sacred Heart University, Series G, 5.38%, 7/01/31 </font></td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">600</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">610,416</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>

<tr>
    <TD COLSPAN="10" STYLE="vertical-align: bottom; padding-top: 2pt; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; text-align: right; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; text-align: right; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">2,564,666</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>

<tr>
    <td colspan="12" style="padding-top: 2pt; color: navy; font-weight: bold"><font style="font-family: Arial, Helvetica, Sans-Serif">Delaware&nbsp;&nbsp;&mdash; 0.8%</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">County of Sussex Delaware, RB, NRG Energy, Inc., Indian River Project, 6.00%, 10/01/40 </font></td>
    <TD COLSPAN="5" STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">1,800</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">1,857,006</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>

<tr>
    <td colspan="12" style="padding-top: 2pt; color: navy; font-weight: bold"><font style="font-family: Arial, Helvetica, Sans-Serif">Florida&nbsp;&nbsp;&mdash; 11.1%</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Hillsborough County IDA, RB, National Gypsum Co., Series A, AMT, 7.13%, 4/01/30 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">3,700</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">3,699,815</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Lee County Florida, Refunding ARB, Series A, AMT (AGM), 5.00%, 10/01/28 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">3,000</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">3,015,720</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Miami-Dade County, RB, CAB (a):</font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Sub-Series A (NPFGC), 5.56%, 10/01/32 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">4,225</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,476,849</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Sub-Series A (NPFGC), 5.62%, 10/01/33 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">4,000</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,308,080</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Sub-Series A (NPFGC), 5.67%, 10/01/34 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">4,580</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,402,487</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Sub-Series A (NPFGC), 5.68%, 10/01/35 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">5,000</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,444,700</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Subordinate Special Obligation, 5.89%, 10/01/32 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">5,000</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,643,500</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<tr>
    <TD COLSPAN="8" STYLE="vertical-align: bottom; font-weight: bold; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">Municipal Bonds</font></td>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">Par</font><br>
<font style="font-family: Arial, Helvetica, Sans-Serif">(000)</font></td>
    <TD STYLE="vertical-align: bottom; font-weight: bold; text-align: right; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">Value</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>

<tr>
    <td colspan="12" style="vertical-align: bottom; padding-top: 2pt; color: navy; font-weight: bold"><font style="font-family: Arial, Helvetica, Sans-Serif">Florida (concluded)</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Miami-Dade County, RB, CAB (a) (concluded):</font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Subordinate Special Obligation, 5.91%, 10/01/33 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">$</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">15,375</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">$</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">4,750,106</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Orange County Florida Tourist Development Tax Revenue, Refunding RB, 4.75%, 10/01/32 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">5,000</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">5,009,900</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Orange County Health Facilities Authority, Refunding RB, Mayflower Retirement Center, 5.00%, 6/01/32 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">200</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">192,200</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Sumter Landing Community Development District Florida, RB, Sub-Series B, 5.70%, 10/01/38 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">3,465</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">2,857,551</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>

<tr>
    <TD COLSPAN="10" STYLE="vertical-align: bottom; padding-top: 2pt; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; text-align: right; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; text-align: right; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">26,800,908</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>

<tr>
    <td colspan="12" style="padding-top: 2pt; color: navy; font-weight: bold"><font style="font-family: Arial, Helvetica, Sans-Serif">Georgia&nbsp;&nbsp;&mdash; 0.7%</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">Milledgeville &amp; Baldwin County Development Authority, RB, Georgia College &amp; State University Foundation, 6.00%, 9/01/14 (c)</font></td>
    <TD COLSPAN="5" STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">1,500</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">1,607,745</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>

<tr>
    <td colspan="12" style="padding-top: 2pt; color: navy; font-weight: bold"><font style="font-family: Arial, Helvetica, Sans-Serif">Hawaii&nbsp;&nbsp;&mdash; 0.2%</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">Hawaii State Department of Budget &amp; Finance, Refunding RB, Special Purpose, Senior Living, Kahala Nui, 5.25%, 11/15/37 </font></td>
    <TD COLSPAN="5" STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">600</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">594,258</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>

<tr>
    <td colspan="12" style="padding-top: 2pt; color: navy; font-weight: bold"><font style="font-family: Arial, Helvetica, Sans-Serif">Idaho&nbsp;&nbsp;&mdash; 1.2%</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">Idaho Health Facilities Authority, Refunding RB, Trinity Health Group, Series B, 6.25%, 12/01/33 </font></td>
    <TD COLSPAN="5" STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">2,500</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">2,834,825</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>

<tr>
    <td colspan="12" style="padding-top: 2pt; color: navy; font-weight: bold"><font style="font-family: Arial, Helvetica, Sans-Serif">Illinois&nbsp;&nbsp;&mdash; 12.0%</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Chicago Public Building Commission, RB, Series A (NPFGC), 7.00%, 1/01/20 (d)</font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">5,000</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">6,367,400</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Chicago Transit Authority, RB, Sales Tax Receipts Revenue, 5.25%, 12/01/40 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,000</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,018,840</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in; padding-top: 4pt"><font style="font-family: Arial, Helvetica, Sans-Serif">City of Chicago Illinois, Refunding RB, O'Hare International Airport Passenger Facility Charge, Series B, AMT, 4.00%, 1/01/29 </font></td>
    <TD COLSPAN="5" STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; padding-top: 4pt">&nbsp;</td>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; padding-top: 4pt"><font style="font-family: Arial, Helvetica, Sans-Serif">6,000</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; padding-top: 4pt">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; padding-top: 4pt"><font style="font-family: Arial, Helvetica, Sans-Serif">5,231,100</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-top: 4pt">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Illinois Finance Authority, RB:</font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Northwestern Memorial Hospital, Series A, 5.50%, 8/15/14 (c)</font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">3,000</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">3,162,510</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <TD STYLE="width: 1%">&nbsp;</td>
    <TD STYLE="width: 1%">&nbsp;</td>
    <TD STYLE="width: 70%">&nbsp;</td>
    <TD STYLE="width: 1%">&nbsp;</td>
    <TD STYLE="width: 1%">&nbsp;</td>
    <TD STYLE="width: 1%">&nbsp;</td>
    <TD STYLE="width: 1%">&nbsp;</td>
    <TD STYLE="width: 1%">&nbsp;</td>
    <TD STYLE="width: 3%">&nbsp;</td>
    <TD STYLE="width: 5%">&nbsp;</td>
    <TD STYLE="width: 3%">&nbsp;</td>
    <TD STYLE="width: 11%">&nbsp;</td>
    <TD STYLE="width: 1%">&nbsp;</td></tr></TABLE>

<!-- Field: Page; Sequence: 3 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; padding-top: 6pt; padding-bottom: 6pt; border-top: Black 2pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 8pt Arial, Helvetica, Sans-Serif"><TR><TD NOWRAP STYLE="text-align: left; width: 33%">BLACKROCK INVESTMENT QUALITY MUNICIPAL TRUST INC.</TD><TD STYLE="text-align: center; width: 34%">JULY 31, 2013</TD><TD STYLE="text-align: right; width: 33%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="width: 66%; padding-right: 5.4pt; border-top: rgb(98,151,204) 6pt solid; font: 12pt Arial, Helvetica, Sans-Serif; color: navy; text-align: left; vertical-align: bottom">
<FONT STYLE="font-size: 14pt">Schedule of Investments</FONT>
<FONT STYLE="font: 9pt Arial, Helvetica, Sans-Serif; color: navy">(continued)</FONT></TD>
    <TD NOWRAP STYLE="width: 34%; border-top: rgb(98,151,204) 6pt solid; padding-left: 5.4pt">
        <P STYLE="color: navy; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right"><B>BlackRock Investment Quality Municipal Trust Inc. (BKN)</B></P>
        <P STYLE="color: navy; font: 7pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right"><B>(Percentages shown are based on Net Assets)</B></P></TD></TR>
</TABLE>
<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in; text-align: left">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 8pt Franklin Gothic Book; width: 100%; border-collapse: collapse">
<TR>
    <TD COLSPAN="8" STYLE="vertical-align: bottom; font-weight: bold; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">Municipal Bonds</font></td>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">Par</font><br>
<font style="font-family: Arial, Helvetica, Sans-Serif">(000)</font></td>
    <TD STYLE="vertical-align: bottom; font-weight: bold; text-align: right; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">Value</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>

<tr>
    <td colspan="12" style="vertical-align: bottom; padding-top: 2pt; color: navy; font-weight: bold"><font style="font-family: Arial, Helvetica, Sans-Serif">Illinois (concluded)</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Illinois Finance Authority, RB&nbsp;&nbsp;(concluded):</font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Rush University Medical Center, Series C, 6.63%, 11/01/39 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">$</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,200</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">$</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,336,824</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Illinois Finance Authority, Refunding RB:</font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Friendship Village Schaumburg, Series A, 5.63%, 2/15/37 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">345</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">327,332</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</td>
    <td colspan="4" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">OSF Healthcare System, Series A, 6.00%, 5/15/39 </font></td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,490</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,604,939</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Roosevelt University Project, 6.50%, 4/01/44 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,500</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,588,650</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Railsplitter Tobacco Settlement Authority, RB:</font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">6.25%, 6/01/24 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">6,000</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">6,527,700</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">6.00%, 6/01/28 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,700</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">1,854,938</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>

<tr>
    <TD COLSPAN="10" STYLE="vertical-align: bottom; padding-top: 2pt; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; text-align: right; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; text-align: right; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">29,020,233</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>

<tr>
    <td colspan="12" style="padding-top: 2pt; color: navy; font-weight: bold"><font style="font-family: Arial, Helvetica, Sans-Serif">Indiana&nbsp;&nbsp;&mdash; 0.5%</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">Indiana Finance Authority, Refunding RB, Improvement, U.S. Steel Corp., 6.00%, 12/01/26 </font></td>
    <TD COLSPAN="5" STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">1,350</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">1,342,535</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>

<tr>
    <td colspan="12" style="padding-top: 2pt; color: navy; font-weight: bold"><font style="font-family: Arial, Helvetica, Sans-Serif">Iowa&nbsp;&nbsp;&mdash; 1.6%</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Iowa Higher Education Loan Authority, RB, Private College Facility, Buena Vista University Project, 5.00%, 4/01/31 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,355</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,382,575</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Iowa Higher Education Loan Authority, Refunding RB, Private College Facility:</font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">5.75%, 9/01/30 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">965</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,010,017</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">6.00%, 9/01/39 </font></td>
    <TD COLSPAN="5" STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,500</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">1,561,560</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>

<tr>
    <TD COLSPAN="10" STYLE="vertical-align: bottom; padding-top: 2pt; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; text-align: right; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; text-align: right; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">3,954,152</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>

<tr>
    <td colspan="12" style="padding-top: 2pt; color: navy; font-weight: bold"><font style="font-family: Arial, Helvetica, Sans-Serif">Kansas&nbsp;&nbsp;&mdash; 0.9%</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Kansas Development Finance Authority, Refunding RB, Sisters of Leavenworth, Series A, 5.00%, 1/01/28 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,155</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,193,981</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Pratt County Public Building Commission, RB, 3.25%, 12/01/32 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,200</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">976,548</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>

<tr>
    <TD COLSPAN="10" STYLE="vertical-align: bottom; padding-top: 2pt; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; text-align: right; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; text-align: right; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">2,170,529</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>

<TR>
    <TD COLSPAN="10" STYLE="vertical-align: bottom; padding-top: 2pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<tr>
    <TD COLSPAN="8" STYLE="vertical-align: bottom; font-weight: bold; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">Municipal Bonds</font></td>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">Par</font><br>
<font style="font-family: Arial, Helvetica, Sans-Serif">(000)</font></td>
    <TD STYLE="vertical-align: bottom; font-weight: bold; text-align: right; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">Value</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>

<tr>
    <td colspan="12" style="padding-top: 2pt; color: navy; font-weight: bold"><font style="font-family: Arial, Helvetica, Sans-Serif">Kentucky&nbsp;&nbsp;&mdash; 3.4%</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Kentucky Economic Development Finance Authority, Refunding RB, Norton Healthcare, Inc., Series B (NPFGC), 4.49%, 10/01/23 (a)</font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">$</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">8,500</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">$</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">5,413,395</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in; padding-top: 4pt"><font style="font-family: Arial, Helvetica, Sans-Serif">Louisville &amp; Jefferson County Metropolitan Government, Refunding RB, Jewish Hospital &amp; St. Mary&rsquo;s Healthcare, 6.13%, 2/01/18 (c)</font></td>
    <TD COLSPAN="5" STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; padding-top: 2pt">&nbsp;</td>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; padding-top: 2pt"><font style="font-family: Arial, Helvetica, Sans-Serif">2,250</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; padding-top: 2pt">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid; padding-top: 2pt"><font style="font-family: Arial, Helvetica, Sans-Serif">2,725,650</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid; padding-top: 2pt">&nbsp;</td></tr>

<tr>
    <TD COLSPAN="10" STYLE="vertical-align: bottom; padding-top: 2pt; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; text-align: right; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; text-align: right; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">8,139,045</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>

<tr>
    <td colspan="12" style="padding-top: 2pt; color: navy; font-weight: bold"><font style="font-family: Arial, Helvetica, Sans-Serif">Louisiana&nbsp;&nbsp;&mdash; 3.3%</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Lafayette Public Trust Financing Authority, Refunding RB, Ragin' Cajun Facilities Project (AGM), 3.75%, 10/01/32 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">530</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">463,040</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Louisiana Local Government Environmental Facilities &amp; Community Development Authority, RB:</font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Parish of Plaquemines Project (AGM), 4.00%, 9/01/42 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">395</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">333,352</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Westlake Chemical Corp. Project, Series A-1, 6.50%, 11/01/35 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,565</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,651,623</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Louisiana Public Facilities Authority, RB:</font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Belle Chasse Educational Foundation Project, 6.50%, 5/01/31 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">600</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">647,982</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Cleco Power LLC Project, Series B, 4.25%, 12/01/38 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">2,100</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,914,402</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Franciscan Missionaries of Our Lady Health System Project, Series B, 5.00%, 7/01/42 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">2,400</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">2,346,048</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Terrebonne Levee &amp; Conservation District, RB, Sales Tax, 4.25%, 7/01/32 (e)</font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">575</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">541,219</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>

<tr>
    <TD COLSPAN="10" STYLE="vertical-align: bottom; padding-top: 2pt; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; text-align: right; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; text-align: right; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">7,897,666</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>

<tr>
    <td colspan="12" style="padding-top: 2pt; color: navy; font-weight: bold"><font style="font-family: Arial, Helvetica, Sans-Serif">Maryland&nbsp;&nbsp;&mdash; 1.7%</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Maryland EDC, Refunding RB, CNX Marine Terminals, Inc., 5.75%, 9/01/25 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">180</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">187,798</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <TD STYLE="width: 1%">&nbsp;</td>
    <TD STYLE="width: 1%">&nbsp;</td>
    <TD STYLE="width: 70%">&nbsp;</td>
    <TD STYLE="width: 1%">&nbsp;</td>
    <TD STYLE="width: 1%">&nbsp;</td>
    <TD STYLE="width: 1%">&nbsp;</td>
    <TD STYLE="width: 1%">&nbsp;</td>
    <TD STYLE="width: 1%">&nbsp;</td>
    <TD STYLE="width: 3%">&nbsp;</td>
    <TD STYLE="width: 5%">&nbsp;</td>
    <TD STYLE="width: 3%">&nbsp;</td>
    <TD STYLE="width: 11%">&nbsp;</td>
    <TD STYLE="width: 1%">&nbsp;</td></tr></TABLE>

<!-- Field: Page; Sequence: 4 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; padding-top: 6pt; padding-bottom: 6pt; border-top: Black 2pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 8pt Arial, Helvetica, Sans-Serif"><TR><TD NOWRAP STYLE="text-align: left; width: 33%">BLACKROCK INVESTMENT QUALITY MUNICIPAL TRUST INC.</TD><TD STYLE="text-align: center; width: 34%">JULY 31, 2013</TD><TD STYLE="text-align: right; width: 33%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="width: 66%; padding-right: 5.4pt; border-top: rgb(98,151,204) 6pt solid; font: 12pt Arial, Helvetica, Sans-Serif; color: navy; text-align: left; vertical-align: bottom">
<FONT STYLE="font-size: 14pt">Schedule of Investments</FONT>
<FONT STYLE="font: 9pt Arial, Helvetica, Sans-Serif; color: navy">(continued)</FONT></TD>
    <TD NOWRAP STYLE="width: 34%; border-top: rgb(98,151,204) 6pt solid; padding-left: 5.4pt">
        <P STYLE="color: navy; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right"><B>BlackRock Investment Quality Municipal Trust Inc. (BKN)</B></P>
        <P STYLE="color: navy; font: 7pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right"><B>(Percentages shown are based on Net Assets)</B></P></TD></TR>
</TABLE>
<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in; text-align: left">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 8pt Franklin Gothic Book; width: 100%; border-collapse: collapse">
<TR>
    <TD COLSPAN="8" STYLE="vertical-align: bottom; font-weight: bold; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">Municipal Bonds</font></td>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">Par</font><br>
<font style="font-family: Arial, Helvetica, Sans-Serif">(000)</font></td>
    <TD STYLE="vertical-align: bottom; font-weight: bold; text-align: right; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">Value</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>

<tr>
    <td colspan="12" style="vertical-align: bottom; padding-top: 2pt; color: navy; font-weight: bold"><font style="font-family: Arial, Helvetica, Sans-Serif">Maryland (concluded)</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Maryland Health &amp; Higher Educational Facilities Authority, Refunding RB, Doctor's Community Hospital, 5.63%, 7/01/30 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">$</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">4,100</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">$</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">4,027,430</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>

<tr>
    <TD COLSPAN="10" STYLE="vertical-align: bottom; padding-top: 2pt; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; text-align: right; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; text-align: right; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">4,215,228</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>

<tr>
    <td colspan="12" style="padding-top: 2pt; color: navy; font-weight: bold"><font style="font-family: Arial, Helvetica, Sans-Serif">Michigan&nbsp;&nbsp;&mdash; 5.2%</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Michigan State Building Authority, Refunding RB, Facilities Program, Series I, 6.25%, 10/15/38 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,875</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">2,135,587</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Michigan State Hospital Finance Authority, Refunding RB, Trinity Health Credit Group, Series C, 4.00%, 12/01/32 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">6,000</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">5,214,360</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Michigan Technological University, Refunding RB, General, Series A, 4.00%, 10/01/30 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,930</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,797,834</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Royal Oak Hospital Finance Authority, Refunding RB, William Beaumont Hospital, 8.25%, 9/01/39 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">2,750</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">3,320,130</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>

<tr>
    <TD COLSPAN="10" STYLE="vertical-align: bottom; padding-top: 2pt; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; text-align: right; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; text-align: right; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">12,467,911</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>

<tr>
    <td colspan="12" style="padding-top: 2pt; color: navy; font-weight: bold"><font style="font-family: Arial, Helvetica, Sans-Serif">Minnesota&nbsp;&nbsp;&mdash; 1.1%</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">City of Minneapolis Minnesota, Refunding RB, Fairview Health Services, Series B (AGC), 6.50%, 11/15/38 </font></td>
    <TD COLSPAN="5" STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">2,250</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">2,591,505</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>

<tr>
    <td colspan="12" style="padding-top: 2pt; color: navy; font-weight: bold"><font style="font-family: Arial, Helvetica, Sans-Serif">Mississippi&nbsp;&nbsp;&mdash; 3.6%</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Mississippi Development Bank, RB, Special Obligation:</font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">CAB, Hinds Community College District (AGM), 5.00%, 4/01/36 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,910</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,939,032</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Jackson County Limited Tax Note (AGC), 5.50%, 7/01/32 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">2,655</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">2,791,467</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">University of Southern Mississippi, RB, Campus Facilities Improvements Project, 5.38%, 9/01/36 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">3,150</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">3,298,554</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in; padding-top: 4pt"><font style="font-family: Arial, Helvetica, Sans-Serif">Warren County Mississippi, RB, Gulf Opportunity Zone Bonds, International Paper Co. Project, Series A, 5.38%, 12/01/35 </font></td>
    <TD COLSPAN="5" STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; padding-top: 2pt">&nbsp;</td>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; padding-top: 2pt"><font style="font-family: Arial, Helvetica, Sans-Serif">600</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; padding-top: 2pt">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid; padding-top: 2pt"><font style="font-family: Arial, Helvetica, Sans-Serif">600,552</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid; padding-top: 2pt">&nbsp;</td></tr>

<tr>
    <TD COLSPAN="10" STYLE="vertical-align: bottom; padding-top: 2pt; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; text-align: right; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; text-align: right; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">8,629,605</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>

<TR>
    <TD COLSPAN="10" STYLE="vertical-align: bottom; padding-top: 2pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<tr>
    <TD COLSPAN="8" STYLE="vertical-align: bottom; font-weight: bold; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">Municipal Bonds</font></td>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">Par</font><br>
<font style="font-family: Arial, Helvetica, Sans-Serif">(000)</font></td>
    <TD STYLE="vertical-align: bottom; font-weight: bold; text-align: right; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">Value</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>

<tr>
    <td colspan="12" style="padding-top: 2pt; color: navy; font-weight: bold"><font style="font-family: Arial, Helvetica, Sans-Serif">Missouri&nbsp;&nbsp;&mdash; 3.9%</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Missouri State Development Finance Board, RB:</font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Annual Appropriation Sewer System, Series B, 5.00%, 11/01/41 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">$</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,350</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">$</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,325,835</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">St. Joseph Sewage System Improvements, Series E, 5.25%, 5/01/31 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">620</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">620,297</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Missouri State Development Finance Board, Refunding RB, Electric System Projects, Series F, 4.00%, 6/01/32 </font></td>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">4,750</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">4,190,450</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Missouri State Health &amp; Educational Facilities Authority, RB:</font></td>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">A.T. Still University Health Sciences, 5.25%, 10/01/31 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">500</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">516,725</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Heartland Regional Medical Center, 4.13%, 2/15/43 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,530</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,256,222</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Missouri State Health &amp; Educational Facilities Authority, Refunding RB, Coxhealth, Series A, 5.00%, 11/15/38 </font></td>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,500</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">1,466,190</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>

<tr>
    <TD COLSPAN="10" STYLE="vertical-align: bottom; padding-top: 2pt; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; text-align: right; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; text-align: right; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">9,375,719</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>

<tr>
    <td colspan="12" style="padding-top: 2pt; color: navy; font-weight: bold"><font style="font-family: Arial, Helvetica, Sans-Serif">Montana&nbsp;&nbsp;&mdash; 0.5%</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">Montana Facility Finance Authority, Refunding RB, Sisters of Leavenworth, Series A, 4.75%, 1/01/40 </font></td>
    <TD COLSPAN="5" STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">1,250</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">1,242,500</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>

<tr>
    <td colspan="12" style="padding-top: 2pt; color: navy; font-weight: bold"><font style="font-family: Arial, Helvetica, Sans-Serif">Nebraska&nbsp;&nbsp;&mdash; 1.6%</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Central Plains Energy Project Nebraska, RB, Gas Project No. 3, 5.00%, 9/01/42 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">900</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">862,713</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">City of Omaha Nebraska Sewer Revenue, RB, Sanitary Sewerage System, 4.00%, 11/15/42 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">3,300</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">2,963,400</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>

<tr>
    <TD COLSPAN="10" STYLE="vertical-align: bottom; padding-top: 2pt; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; text-align: right; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; text-align: right; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">3,826,113</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>

<tr>
    <td colspan="12" style="padding-top: 2pt; color: navy; font-weight: bold"><font style="font-family: Arial, Helvetica, Sans-Serif">Nevada&nbsp;&nbsp;&mdash; 0.4%</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">Clark County Nevada, Refunding RB, Alexander Dawson School Nevada Project, 5.00%, 5/15/29 </font></td>
    <TD COLSPAN="5" STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">1,065</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">1,085,949</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>

<tr>
    <td colspan="12" style="padding-top: 2pt; color: navy; font-weight: bold"><font style="font-family: Arial, Helvetica, Sans-Serif">New Jersey&nbsp;&nbsp;&mdash; 6.4%</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Delaware River Port Authority, RB, Series D (AGM), 5.00%, 1/01/40 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">3,640</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">3,724,011</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <TD STYLE="width: 1%">&nbsp;</td>
    <TD STYLE="width: 1%">&nbsp;</td>
    <TD STYLE="width: 70%">&nbsp;</td>
    <TD STYLE="width: 1%">&nbsp;</td>
    <TD STYLE="width: 1%">&nbsp;</td>
    <TD STYLE="width: 1%">&nbsp;</td>
    <TD STYLE="width: 1%">&nbsp;</td>
    <TD STYLE="width: 1%">&nbsp;</td>
    <TD STYLE="width: 3%">&nbsp;</td>
    <TD STYLE="width: 5%">&nbsp;</td>
    <TD STYLE="width: 3%">&nbsp;</td>
    <TD STYLE="width: 11%">&nbsp;</td>
    <TD STYLE="width: 1%">&nbsp;</td></tr></TABLE>

<!-- Field: Page; Sequence: 5 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; padding-top: 6pt; padding-bottom: 6pt; border-top: Black 2pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 8pt Arial, Helvetica, Sans-Serif"><TR><TD NOWRAP STYLE="text-align: left; width: 33%">BLACKROCK INVESTMENT QUALITY MUNICIPAL TRUST INC.</TD><TD STYLE="text-align: center; width: 34%">JULY 31, 2013</TD><TD STYLE="text-align: right; width: 33%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->4<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="width: 66%; padding-right: 5.4pt; border-top: rgb(98,151,204) 6pt solid; font: 12pt Arial, Helvetica, Sans-Serif; color: navy; text-align: left; vertical-align: bottom">
<FONT STYLE="font-size: 14pt">Schedule of Investments</FONT>
<FONT STYLE="font: 9pt Arial, Helvetica, Sans-Serif; color: navy">(continued)</FONT></TD>
    <TD NOWRAP STYLE="width: 34%; border-top: rgb(98,151,204) 6pt solid; padding-left: 5.4pt">
        <P STYLE="color: navy; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right"><B>BlackRock Investment Quality Municipal Trust Inc. (BKN)</B></P>
        <P STYLE="color: navy; font: 7pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right"><B>(Percentages shown are based on Net Assets)</B></P></TD></TR>
</TABLE>
<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in; text-align: left">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 8pt Franklin Gothic Book; width: 100%; border-collapse: collapse">
<TR>
    <TD COLSPAN="8" STYLE="vertical-align: bottom; font-weight: bold; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">Municipal Bonds</font></td>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">Par</font><br>
<font style="font-family: Arial, Helvetica, Sans-Serif">(000)</font></td>
    <TD STYLE="vertical-align: bottom; font-weight: bold; text-align: right; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">Value</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>

<tr>
    <td colspan="12" style="vertical-align: bottom; padding-top: 2pt; color: navy; font-weight: bold"><font style="font-family: Arial, Helvetica, Sans-Serif">New Jersey (concluded)</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Middlesex County Improvement Authority, RB, Subordinate, Heldrich Center Hotel, Series B, 6.25%, 1/01/37 (f)(g)</font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">$</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,510</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">$</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">105,609</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">New Jersey EDA, RB:</font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Cigarette Tax, 5.75%, 6/15/14 (c)</font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">3,000</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">3,143,970</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Continental Airlines, Inc. Project, AMT, 5.25%, 9/15/29 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,335</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,252,030</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">New Jersey Educational Facilities Authority, Refunding RB, University of Medicine &amp; Dentistry, Series B (c):</font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">7.13%, 6/01/19 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">950</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,234,744</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">7.50%, 6/01/19 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,225</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,617,563</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">New Jersey Health Care Facilities Financing Authority, Refunding RB, Barnabas Health Series A:</font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">5.63%, 7/01/37 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">2,560</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">2,609,792</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">4.63%, 7/01/23 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">770</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">796,811</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">5.00%, 7/01/25 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">500</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">517,435</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">New Jersey Housing &amp; Mortgage Finance Agency, RB, S/F Housing, Series AA, 6.50%, 10/01/38 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">505</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">519,297</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>

<tr>
    <TD COLSPAN="10" STYLE="vertical-align: bottom; padding-top: 2pt; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; text-align: right; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; text-align: right; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">15,521,262</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>

<tr>
    <td colspan="12" style="padding-top: 2pt; color: navy; font-weight: bold"><font style="font-family: Arial, Helvetica, Sans-Serif">New Mexico&nbsp;&nbsp;&mdash; 0.3%</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">New Mexico State University, Refunding RB, Series A, 3.50%, 4/01/33 </font></td>
    <TD COLSPAN="5" STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">780</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">647,837</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>

<tr>
    <td colspan="12" style="padding-top: 2pt; color: navy; font-weight: bold"><font style="font-family: Arial, Helvetica, Sans-Serif">New York&nbsp;&nbsp;&mdash; 7.4%</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Albany Industrial Development Agency, RB, New Covenant Charter School Project, Series A, 7.00%, 5/01/35 (f)(g)</font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">725</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">108,533</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">City of New York, New York, GO, Sub-Series A-1 (e):</font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">5.00%, 8/01/29 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">600</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">644,448</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">5.00%, 8/01/35 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">2,380</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">2,465,275</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="6" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Hudson New York Yards Infrastructure Corp., RB, Series A:</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">(AGM), 5.00%, 2/15/47 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,250</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,250,150</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">(NPFGC), 5.00%, 2/15/47 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">500</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">495,295</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Long Island Power Authority, Refunding RB, Series A, 5.75%, 4/01/39 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">2,475</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">2,703,640</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="7" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Metropolitan Transportation Authority, Refunding RB, Series D, 4.00%, 11/15/32 </font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">650</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">603,811</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<TR>
    <TD COLSPAN="7" STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<tr>
    <TD COLSPAN="8" STYLE="vertical-align: bottom; font-weight: bold; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">Municipal Bonds</font></td>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">Par</font><br>
<font style="font-family: Arial, Helvetica, Sans-Serif">(000)</font></td>
    <TD STYLE="vertical-align: bottom; font-weight: bold; text-align: right; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">Value</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>

<tr>
    <td colspan="12" style="vertical-align: bottom; padding-top: 2pt; color: navy; font-weight: bold"><font style="font-family: Arial, Helvetica, Sans-Serif">New York (concluded)</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">New York City Industrial Development Agency, RB:</font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">American Airlines, Inc., JFK International Airport, AMT, 7.63%, 8/01/25 (h)</font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">$</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">2,600</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">$</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">2,853,786</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">PILOT, Queens Baseball Stadium (AGC), 6.50%, 1/01/46 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">300</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">325,992</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">PILOT, Queens Baseball Stadium (AMBAC), 5.00%, 1/01/39 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,900</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,655,945</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in; padding-top: 4pt"><font style="font-family: Arial, Helvetica, Sans-Serif">New York Liberty Development Corp., Refunding RB, Second Priority, Bank of America Tower at One Bryant Park Project, 6.38%, 7/15/49 </font></td>
    <TD COLSPAN="5" STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; padding-top: 2pt">&nbsp;</td>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; padding-top: 2pt"><font style="font-family: Arial, Helvetica, Sans-Serif">1,250</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; padding-top: 2pt">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; padding-top: 2pt"><font style="font-family: Arial, Helvetica, Sans-Serif">1,358,875</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-top: 2pt">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Niagara Area Development Corp., Refunding RB, Covanta Energy Project, Series A, AMT, 5.25%, 11/01/42 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">600</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">525,600</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Onondaga Civic Development Corp., Refunding RB, St. Joseph's Hospital Health Center Project, 4.50%, 7/01/32 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,420</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,240,626</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Westchester County Healthcare Corp. New York, Refunding RB, Senior Lien, Series A, 5.00%, 11/01/30 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,600</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">1,631,296</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>

<tr>
    <TD COLSPAN="10" STYLE="vertical-align: bottom; padding-top: 2pt; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; text-align: right; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; text-align: right; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">17,863,272</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>

<tr>
    <td colspan="12" style="padding-top: 2pt; color: navy; font-weight: bold"><font style="font-family: Arial, Helvetica, Sans-Serif">North Carolina&nbsp;&nbsp;&mdash; 4.0%</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Gaston County Industrial Facilities &amp; Pollution Control Financing Authority, RB, Exempt Facilities, National Gypsum Co. Project, AMT, 5.75%, 8/01/35 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">2,175</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,878,635</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">North Carolina Medical Care Commission, Refunding RB:</font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Novant Health, Series A, 4.00%, 11/01/46 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">5,600</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">4,467,288</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Southeastern Regional Medical Center, 3.25%, 6/01/27 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">450</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">389,223</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Southeastern Regional Medical Center, 5.00%, 6/01/32 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">985</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">998,987</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">University Health System, Series D, 6.25%, 12/01/33 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,750</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">1,956,377</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>

<tr>
    <TD COLSPAN="10" STYLE="vertical-align: bottom; padding-top: 2pt; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; text-align: right; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; text-align: right; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">9,690,510</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>

<tr>
    <TD STYLE="width: 1%">&nbsp;</td>
    <TD STYLE="width: 1%">&nbsp;</td>
    <TD STYLE="width: 70%">&nbsp;</td>
    <TD STYLE="width: 1%">&nbsp;</td>
    <TD STYLE="width: 1%">&nbsp;</td>
    <TD STYLE="width: 1%">&nbsp;</td>
    <TD STYLE="width: 1%">&nbsp;</td>
    <TD STYLE="width: 1%">&nbsp;</td>
    <TD STYLE="width: 3%">&nbsp;</td>
    <TD STYLE="width: 5%">&nbsp;</td>
    <TD STYLE="width: 3%">&nbsp;</td>
    <TD STYLE="width: 11%">&nbsp;</td>
    <TD STYLE="width: 1%">&nbsp;</td></tr></TABLE>

<!-- Field: Page; Sequence: 6 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; padding-top: 6pt; padding-bottom: 6pt; border-top: Black 2pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 8pt Arial, Helvetica, Sans-Serif"><TR><TD NOWRAP STYLE="text-align: left; width: 33%">BLACKROCK INVESTMENT QUALITY MUNICIPAL TRUST INC.</TD><TD STYLE="text-align: center; width: 34%">JULY 31, 2013</TD><TD STYLE="text-align: right; width: 33%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->5<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="width: 66%; padding-right: 5.4pt; border-top: rgb(98,151,204) 6pt solid; font: 12pt Arial, Helvetica, Sans-Serif; color: navy; text-align: left; vertical-align: bottom">
<FONT STYLE="font-size: 14pt">Schedule of Investments</FONT>
<FONT STYLE="font: 9pt Arial, Helvetica, Sans-Serif; color: navy">(continued)</FONT></TD>
    <TD NOWRAP STYLE="width: 34%; border-top: rgb(98,151,204) 6pt solid; padding-left: 5.4pt">
        <P STYLE="color: navy; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right"><B>BlackRock Investment Quality Municipal Trust Inc. (BKN)</B></P>
        <P STYLE="color: navy; font: 7pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right"><B>(Percentages shown are based on Net Assets)</B></P></TD></TR>
</TABLE>
<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in; text-align: left">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 8pt Franklin Gothic Book; width: 100%; border-collapse: collapse">
<TR>
    <TD COLSPAN="8" STYLE="vertical-align: bottom; font-weight: bold; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">Municipal Bonds</font></td>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">Par</font><br>
<font style="font-family: Arial, Helvetica, Sans-Serif">(000)</font></td>
    <TD STYLE="vertical-align: bottom; font-weight: bold; text-align: right; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">Value</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>

<tr>
    <td colspan="12" style="padding-top: 2pt; color: navy; font-weight: bold"><font style="font-family: Arial, Helvetica, Sans-Serif">North Dakota&nbsp;&nbsp;&mdash; 1.1%</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">City of Fargo North Dakota, Refunding RB, University Facilities Development Foundation Project, 3.00%, 12/01/30 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">$</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">600</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">$</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">477,654</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">City of Grand Forks North Dakota, Refunding RB, Altru Health System Obligated Group, 5.00%, 12/01/32 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">2,120</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">2,088,857</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>

<tr>
    <TD COLSPAN="10" STYLE="vertical-align: bottom; padding-top: 2pt; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; text-align: right; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; text-align: right; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">2,566,511</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>

<tr>
    <td colspan="12" style="padding-top: 2pt; color: navy; font-weight: bold"><font style="font-family: Arial, Helvetica, Sans-Serif">Ohio&nbsp;&nbsp;&mdash; 0.5%</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">Kent State University, RB, General Receipts, Series A, 5.00%, 5/01/42 </font></td>
    <TD COLSPAN="5" STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">1,200</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">1,204,968</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>

<tr>
    <td colspan="12" style="padding-top: 2pt; color: navy; font-weight: bold"><font style="font-family: Arial, Helvetica, Sans-Serif">Oklahoma&nbsp;&nbsp;&mdash; 0.5%</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">Oklahoma Municipal Power Authority, RB, Power Supply System, Series A, 4.00%, 1/01/38 </font></td>
    <TD COLSPAN="5" STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">1,500</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">1,297,395</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>

<tr>
    <td colspan="12" style="padding-top: 2pt; color: navy; font-weight: bold"><font style="font-family: Arial, Helvetica, Sans-Serif">Oregon&nbsp;&nbsp;&mdash; 2.5%</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">City of Madras Oregon, GO, Refunding, Full Faith and Credit, 4.00%, 2/15/33 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">600</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">499,356</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Clackamas County Housing Authority, HRB, M/F Housing, Easton Ridge Apartments Project, Series A:</font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">3.50%, 9/01/33 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">760</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">630,093</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">4.00%, 9/01/43 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">660</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">568,867</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">4.00%, 9/01/49 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">825</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">680,138</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Oregon Health &amp; Science University, RB, Series A, 5.75%, 7/01/39 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,250</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,373,713</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Oregon Health &amp; Science University, Refunding RB:</font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Series A, 3.00%, 7/01/24 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,500</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,419,990</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Series E, 5.00%, 7/01/32 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">500</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">508,255</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Oregon State Facilities Authority, Refunding RB, Limited College Project, Series A, 5.25%, 10/01/40 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">500</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">494,965</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>

<tr>
    <TD COLSPAN="10" STYLE="vertical-align: bottom; padding-top: 2pt; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; text-align: right; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; text-align: right; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">6,175,377</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>

<tr>
    <td colspan="12" style="padding-top: 2pt; color: navy; font-weight: bold"><font style="font-family: Arial, Helvetica, Sans-Serif">Pennsylvania&nbsp;&nbsp;&mdash; 1.6%</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Allegheny County IDA, Refunding RB, US Steel Corp. Project, 6.55%, 12/01/27 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">2,535</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">2,610,061</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<TR>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<tr>
    <TD COLSPAN="8" STYLE="vertical-align: bottom; font-weight: bold; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">Municipal Bonds</font></td>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">Par</font><br>
<font style="font-family: Arial, Helvetica, Sans-Serif">(000)</font></td>
    <TD STYLE="vertical-align: bottom; font-weight: bold; text-align: right; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">Value</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>

<tr>
    <td colspan="12" style="vertical-align: bottom; padding-top: 2pt; color: navy; font-weight: bold"><font style="font-family: Arial, Helvetica, Sans-Serif">Pennsylvania (concluded)</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Mckeesport Area School District, GO, CAB, Refunding, (NPFGC) (a):</font></td>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">4.05%, 10/01/31 (d)</font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">$</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">500</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">$</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">241,340</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">5.36%, 10/01/31 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">2,435</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">931,485</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>

<tr>
    <TD COLSPAN="10" STYLE="vertical-align: bottom; padding-top: 2pt; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; text-align: right; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; text-align: right; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">3,782,886</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>

<tr>
    <td colspan="12" style="padding-top: 2pt; color: navy; font-weight: bold"><font style="font-family: Arial, Helvetica, Sans-Serif">Puerto Rico&nbsp;&nbsp;&mdash; 1.2%</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Puerto Rico Sales Tax Financing Corp., RB:</font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">CAB, Series A, 6.56%, 8/01/35 (a)</font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,000</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">241,710</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">First Sub-Series A, 5.75%, 8/01/37 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,500</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,467,540</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Puerto Rico Sales Tax Financing Corp., Refunding RB, CAB, Series A (NPFGC), 6.60%, 8/01/41 (a)</font></td>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">7,500</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">1,216,500</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>

<tr>
    <TD COLSPAN="10" STYLE="vertical-align: bottom; padding-top: 2pt; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; text-align: right; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; text-align: right; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">2,925,750</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>

<tr>
    <td colspan="12" style="padding-top: 2pt; color: navy; font-weight: bold"><font style="font-family: Arial, Helvetica, Sans-Serif">Rhode Island&nbsp;&nbsp;&mdash; 2.7%</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Rhode Island Health &amp; Educational Building Corp., RB:</font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">City of Newport Issue, Series C, 4.00%, 5/15/33 </font></td>
    <td colspan="4" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,850</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,736,022</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Hospital Financing, LifeSpan Obligation, Series A (AGC), 7.00%, 5/15/39 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">3,000</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">3,321,270</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">State of Rhode Island, COP, Series C, School for the Deaf (AGC), 5.38%, 4/01/28 </font></td>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,330</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">1,403,203</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>

<tr>
    <TD COLSPAN="10" STYLE="vertical-align: bottom; padding-top: 2pt; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; text-align: right; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; text-align: right; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">6,460,495</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>

<tr>
    <td colspan="12" style="padding-top: 2pt; color: navy; font-weight: bold"><font style="font-family: Arial, Helvetica, Sans-Serif">South Carolina&nbsp;&nbsp;&mdash; 4.0%</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">South Carolina Jobs-EDA, Refunding RB:</font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Hospital Facilities, 6.88%, 8/01/13 (c)</font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">3,560</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">3,560,000</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Palmetto Health Alliance, Series A, 6.25%, 8/01/31 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">2,185</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">2,193,237</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <TD COLSPAN="6" STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in; padding-top: 4pt"><font style="font-family: Arial, Helvetica, Sans-Serif">South Carolina State Housing Finance &amp; Development Authority, Refunding RB, Series A-2, AMT (AMBAC), 5.15%, 7/01/37 </font></td>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; padding-top: 2pt">&nbsp;</td>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; padding-top: 2pt"><font style="font-family: Arial, Helvetica, Sans-Serif">3,655</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; padding-top: 2pt">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid; padding-top: 2pt"><font style="font-family: Arial, Helvetica, Sans-Serif">3,806,902</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid; padding-top: 2pt">&nbsp;</td></tr>

<tr>
    <TD COLSPAN="10" STYLE="vertical-align: bottom; padding-top: 2pt; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; text-align: right; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; text-align: right; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">9,560,139</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>

<tr>
    <td colspan="12" style="padding-top: 2pt; color: navy; font-weight: bold"><font style="font-family: Arial, Helvetica, Sans-Serif">Tennessee&nbsp;&nbsp;&mdash; 1.8%</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Johnson City Health &amp; Educational Facilities Board, RB, Mountain States Health, 5.00%, 8/15/42 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,200</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,140,108</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <TD STYLE="width: 1%">&nbsp;</td>
    <TD STYLE="width: 1%">&nbsp;</td>
    <TD STYLE="width: 70%">&nbsp;</td>
    <TD STYLE="width: 1%">&nbsp;</td>
    <TD STYLE="width: 1%">&nbsp;</td>
    <TD STYLE="width: 1%">&nbsp;</td>
    <TD STYLE="width: 1%">&nbsp;</td>
    <TD STYLE="width: 1%">&nbsp;</td>
    <TD STYLE="width: 3%">&nbsp;</td>
    <TD STYLE="width: 5%">&nbsp;</td>
    <TD STYLE="width: 3%">&nbsp;</td>
    <TD STYLE="width: 11%">&nbsp;</td>
    <TD STYLE="width: 1%">&nbsp;</td></tr></TABLE>

<!-- Field: Page; Sequence: 7 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; padding-top: 6pt; padding-bottom: 6pt; border-top: Black 2pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 8pt Arial, Helvetica, Sans-Serif"><TR><TD NOWRAP STYLE="text-align: left; width: 33%">BLACKROCK INVESTMENT QUALITY MUNICIPAL TRUST INC.</TD><TD STYLE="text-align: center; width: 34%">JULY 31, 2013</TD><TD STYLE="text-align: right; width: 33%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->6<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="width: 66%; padding-right: 5.4pt; border-top: rgb(98,151,204) 6pt solid; font: 12pt Arial, Helvetica, Sans-Serif; color: navy; text-align: left; vertical-align: bottom">
<FONT STYLE="font-size: 14pt">Schedule of Investments</FONT>
<FONT STYLE="font: 9pt Arial, Helvetica, Sans-Serif; color: navy">(continued)</FONT></TD>
    <TD NOWRAP STYLE="width: 34%; border-top: rgb(98,151,204) 6pt solid; padding-left: 5.4pt">
        <P STYLE="color: navy; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right"><B>BlackRock Investment Quality Municipal Trust Inc. (BKN)</B></P>
        <P STYLE="color: navy; font: 7pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right"><B>(Percentages shown are based on Net Assets)</B></P></TD></TR>
</TABLE>
<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in; text-align: left">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 8pt Franklin Gothic Book; width: 100%; border-collapse: collapse">
<TR>
    <TD COLSPAN="8" STYLE="vertical-align: bottom; font-weight: bold; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">Municipal Bonds</font></td>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">Par</font><br>
<font style="font-family: Arial, Helvetica, Sans-Serif">(000)</font></td>
    <TD STYLE="vertical-align: bottom; font-weight: bold; text-align: right; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">Value</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>

<tr>
    <td colspan="12" style="vertical-align: bottom; padding-top: 2pt; color: navy; font-weight: bold"><font style="font-family: Arial, Helvetica, Sans-Serif">Tennessee (concluded)</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Memphis-Shelby County Sports Authority, Inc., Refunding RB, Memphis Arena Project, Series A:</font></td>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">5.25%, 11/01/27 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">$</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,135</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">$</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,193,044</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">5.38%, 11/01/28 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,000</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,049,360</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in; padding-top: 4pt"><font style="font-family: Arial, Helvetica, Sans-Serif">Shelby County Health Educational &amp; Housing Facilities Board, RB, Methodist Le Bonheur Healthcare, 5.00%, 5/01/42 </font></td>
    <TD COLSPAN="5" STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; padding-top: 2pt">&nbsp;</td>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; padding-top: 2pt"><font style="font-family: Arial, Helvetica, Sans-Serif">940</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; padding-top: 2pt">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid; padding-top: 2pt"><font style="font-family: Arial, Helvetica, Sans-Serif">935,667</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid; padding-top: 2pt">&nbsp;</td></tr>

<tr>
    <TD COLSPAN="10" STYLE="vertical-align: bottom; padding-top: 2pt; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; text-align: right; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; text-align: right; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">4,318,179</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>

<tr>
    <td colspan="12" style="padding-top: 2pt; color: navy; font-weight: bold"><font style="font-family: Arial, Helvetica, Sans-Serif">Texas&nbsp;&nbsp;&mdash; 12.4%</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">City of San Antonio Texas, RB, Electric &amp; Gas Systems, Junior Lien, 5.00%, 2/01/43 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">2,370</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">2,436,787</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in; padding-top: 4pt"><font style="font-family: Arial, Helvetica, Sans-Serif">Harris County Cultural Education Facilities Finance Corp., Refunding RB, Young Men's Christian Association of the Greater Houston Area, Series A, 5.00%, 6/01/38 </font></td>
    <TD COLSPAN="5" STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; padding-top: 2pt">&nbsp;</td>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; padding-top: 2pt"><font style="font-family: Arial, Helvetica, Sans-Serif">345</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; padding-top: 2pt">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; padding-top: 2pt"><font style="font-family: Arial, Helvetica, Sans-Serif">329,858</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-top: 2pt">&nbsp;</td></tr>
<tr>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in; padding-top: 2pt"><font style="font-family: Arial, Helvetica, Sans-Serif">Harris County Health Facilities Development Corp., Refunding RB, Memorial Hermann Healthcare System, Series B (c):</font></td>
    <TD COLSPAN="5" STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; padding-top: 2pt">&nbsp;</td>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; padding-top: 2pt">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; padding-top: 2pt">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; padding-top: 2pt">&nbsp;</td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-top: 2pt">&nbsp;</td></tr>
<tr>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">7.13%, 12/01/18 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,000</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,292,340</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">7.25%, 12/01/18 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">2,650</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">3,441,661</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Harris County-Houston Sports Authority, Refunding RB, CAB, Senior Lien, Series A (NPFGC), 6.31%, 11/15/38 (a)</font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">5,000</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,039,100</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Love Field Airport Modernization Corp., RB, Southwest Airlines Co. Project, 5.25%, 11/01/40 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,445</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,404,092</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in; padding-top: 4pt"><font style="font-family: Arial, Helvetica, Sans-Serif">Matagorda County Navigation District No. 1 Texas, Refunding RB, Central Power &amp; Light Co. Project, Series A, 6.30%, 11/01/29 </font></td>
    <TD COLSPAN="5" STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; padding-top: 2pt">&nbsp;</td>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; padding-top: 2pt"><font style="font-family: Arial, Helvetica, Sans-Serif">2,200</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; padding-top: 2pt">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; padding-top: 2pt"><font style="font-family: Arial, Helvetica, Sans-Serif">2,419,296</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-top: 2pt">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Midland County Fresh Water Supply District No. 1, Refunding RB, City of Midland Project:</font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">3.38%, 9/15/32 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">2,425</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">2,018,158</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">CAB, Series A, 5.12%, 9/15/36 (a)</font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">7,640</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">2,373,901</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">CAB, Series A, 5.22%, 9/15/38 (a)</font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">16,780</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">4,598,055</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<tr>
    <TD COLSPAN="8" STYLE="vertical-align: bottom; font-weight: bold; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">Municipal Bonds</font></td>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">Par</font><br>
<font style="font-family: Arial, Helvetica, Sans-Serif">(000)</font></td>
    <TD STYLE="vertical-align: bottom; font-weight: bold; text-align: right; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">Value</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>

<tr>
    <td colspan="12" style="vertical-align: bottom; padding-top: 2pt; color: navy; font-weight: bold"><font style="font-family: Arial, Helvetica, Sans-Serif">Texas (concluded)</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Texas Private Activity Bond Surface Transportation Corp., RB, Senior Lien, LBJ Infrastructure Group LLC, LBJ Freeway Managed Lanes Project, 7.00%, 6/30/40 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">$</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">3,000</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">$</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">3,407,070</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="7" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Texas State Turnpike Authority, RB, CAB (AMBAC), 6.03%, 8/15/31 (a)</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">15,000</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">5,133,750</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>

<tr>
    <TD COLSPAN="10" STYLE="vertical-align: bottom; padding-top: 2pt; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; text-align: right; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; text-align: right; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">29,894,068</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>

<tr>
    <td colspan="12" style="padding-top: 2pt; color: navy; font-weight: bold"><font style="font-family: Arial, Helvetica, Sans-Serif">Vermont&nbsp;&nbsp;&mdash; 1.8%</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">University of Vermont &amp; State Agricultural College, Refunding RB, Series A, 4.00%, 10/01/38 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,800</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,586,034</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in; padding-top: 4pt"><font style="font-family: Arial, Helvetica, Sans-Serif">Vermont Educational &amp; Health Buildings Financing Agency, RB, Hospital, Fletcher Allen Health, Series A, 4.75%, 12/01/36 </font></td>
    <TD COLSPAN="5" STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; padding-top: 2pt">&nbsp;</td>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; padding-top: 2pt"><font style="font-family: Arial, Helvetica, Sans-Serif">1,495</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; padding-top: 2pt">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; padding-top: 2pt"><font style="font-family: Arial, Helvetica, Sans-Serif">1,453,798</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-top: 2pt">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Vermont Educational &amp; Health Buildings Financing Agency, Refunding RB, St. Michaels College, 5.00%, 10/01/42 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,350</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">1,333,570</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>

<tr>
    <TD COLSPAN="10" STYLE="vertical-align: bottom; padding-top: 2pt; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; text-align: right; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; text-align: right; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">4,373,402</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>

<tr>
    <td colspan="12" style="padding-top: 2pt; color: navy; font-weight: bold"><font style="font-family: Arial, Helvetica, Sans-Serif">Virginia&nbsp;&nbsp;&mdash; 1.7%</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Prince William County IDA, Refunding RB, Novant Health Obligation Group, Series B, 4.00%, 11/01/46 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">2,800</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">2,270,884</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in; padding-top: 4pt"><font style="font-family: Arial, Helvetica, Sans-Serif">Virginia Small Business Financing Authority, RB, Senior Lien, Elizabeth River Crossings Project, AMT, 6.00%, 1/01/37 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,755</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">1,768,145</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>

<tr>
    <TD COLSPAN="10" STYLE="vertical-align: bottom; padding-top: 2pt; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; text-align: right; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; text-align: right; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">4,039,029</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>

<tr>
    <td colspan="12" style="padding-top: 2pt; color: navy; font-weight: bold"><font style="font-family: Arial, Helvetica, Sans-Serif">Washington&nbsp;&nbsp;&mdash; 0.9%</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">Washington Health Care Facilities Authority, RB, MultiCare Health System, Series B (AGC), 6.00%, 8/15/39 </font></td>
    <TD COLSPAN="5" STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">2,100</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">2,247,021</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>

<tr>
    <td colspan="12" style="padding-top: 2pt; color: navy; font-weight: bold"><font style="font-family: Arial, Helvetica, Sans-Serif">West Virginia&nbsp;&nbsp;&mdash; 1.9%</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">City of Wheeling West Virginia Waterworks &amp; Sewerage System Revenue, RB, 5.00%, 6/01/38 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">3,000</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">3,013,680</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">West Virginia University, RB, West Virginia University Projects, Series B, 5.00%, 10/01/36 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,650</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">1,709,185</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>

<tr>
    <TD COLSPAN="10" STYLE="vertical-align: bottom; padding-top: 2pt; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; text-align: right; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; text-align: right; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">4,722,865</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>

<tr>
    <TD STYLE="width: 1%">&nbsp;</td>
    <TD STYLE="width: 1%">&nbsp;</td>
    <TD STYLE="width: 70%">&nbsp;</td>
    <TD STYLE="width: 1%">&nbsp;</td>
    <TD STYLE="width: 1%">&nbsp;</td>
    <TD STYLE="width: 1%">&nbsp;</td>
    <TD STYLE="width: 1%">&nbsp;</td>
    <TD STYLE="width: 1%">&nbsp;</td>
    <TD STYLE="width: 3%">&nbsp;</td>
    <TD STYLE="width: 5%">&nbsp;</td>
    <TD STYLE="width: 3%">&nbsp;</td>
    <TD STYLE="width: 11%">&nbsp;</td>
    <TD STYLE="width: 1%">&nbsp;</td></tr></TABLE>

<!-- Field: Page; Sequence: 8 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; padding-top: 6pt; padding-bottom: 6pt; border-top: Black 2pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 8pt Arial, Helvetica, Sans-Serif"><TR><TD NOWRAP STYLE="text-align: left; width: 33%">BLACKROCK INVESTMENT QUALITY MUNICIPAL TRUST INC.</TD><TD STYLE="text-align: center; width: 34%">JULY 31, 2013</TD><TD STYLE="text-align: right; width: 33%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->7<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="width: 66%; padding-right: 5.4pt; border-top: rgb(98,151,204) 6pt solid; font: 12pt Arial, Helvetica, Sans-Serif; color: navy; text-align: left; vertical-align: bottom">
<FONT STYLE="font-size: 14pt">Schedule of Investments</FONT>
<FONT STYLE="font: 9pt Arial, Helvetica, Sans-Serif; color: navy">(continued)</FONT></TD>
    <TD NOWRAP STYLE="width: 34%; border-top: rgb(98,151,204) 6pt solid; padding-left: 5.4pt">
        <P STYLE="color: navy; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right"><B>BlackRock Investment Quality Municipal Trust Inc. (BKN)</B></P>
        <P STYLE="color: navy; font: 7pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right"><B>(Percentages shown are based on Net Assets)</B></P></TD></TR>
</TABLE>
<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in; text-align: left">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 8pt Franklin Gothic Book; width: 100%; border-collapse: collapse">
<TR>
    <TD COLSPAN="8" STYLE="vertical-align: bottom; font-weight: bold; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">Municipal Bonds</font></td>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">Par</font><br>
<font style="font-family: Arial, Helvetica, Sans-Serif">(000)</font></td>
    <TD STYLE="vertical-align: bottom; font-weight: bold; text-align: right; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">Value</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>

<tr>
    <td colspan="12" style="padding-top: 2pt; color: navy; font-weight: bold"><font style="font-family: Arial, Helvetica, Sans-Serif">Wyoming&nbsp;&nbsp;&mdash; 0.8%</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">Sweetwater County Wyoming, Refunding RB, Idaho Power Co. Project, 5.25%, 7/15/26 </font></td>
    <TD COLSPAN="5" STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">$</font></td>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">1,800</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">$</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">1,918,836</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>

<tr>
    <TD COLSPAN="10" STYLE="vertical-align: bottom; padding-top: 2pt; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif"><b>Total Municipal Bonds</b> &mdash; <b>144.5%</b></font></td>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; text-align: right; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; text-align: right; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">349,188,186</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>

<tr>
    <TD STYLE="width: 1%"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></td>
    <TD STYLE="width: 1%"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></td>
    <TD STYLE="width: 70%"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></td>
    <TD STYLE="width: 1%"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></td>
    <TD STYLE="width: 1%"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></td>
    <TD STYLE="width: 1%"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></td>
    <TD STYLE="width: 1%"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></td>
    <TD STYLE="width: 1%"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></td>
    <TD STYLE="width: 3%"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></td>
    <TD STYLE="width: 5%"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></td>
    <TD STYLE="width: 3%"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></td>
    <TD STYLE="width: 11%"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></td>
    <TD STYLE="width: 1%"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></td></tr>
</TABLE>

<P STYLE="margin: 0; border-bottom: rgb(98,151,204) 6pt solid"><FONT STYLE="font-size: 4pt">&nbsp;</FONT></P>


<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 8pt Franklin Gothic Book; width: 100%; border-collapse: collapse">
<tr>
    <TD COLSPAN="9" STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; font-weight: bold"><font style="font-family: Arial, Helvetica, Sans-Serif">Municipal Bonds Transferred to Tender Option Bond (TOB) Trusts (i)</font></td>
    <TD COLSPAN="4" STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>

<tr>
    <td colspan="12" style="padding-top: 2pt; color: navy; font-weight: bold"><font style="font-family: Arial, Helvetica, Sans-Serif">Colorado&nbsp;&nbsp;&mdash; 2.2%</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">Colorado Health Facilities Authority, RB, Catholic Health, Series C-7 (AGM), 5.00%, 9/01/36 </font></td>
    <TD COLSPAN="5" STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">5,250</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">5,221,335</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>

<tr>
    <td colspan="12" style="padding-top: 2pt; color: navy; font-weight: bold"><font style="font-family: Arial, Helvetica, Sans-Serif">Massachusetts&nbsp;&nbsp;&mdash; 1.3%</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">Massachusetts Water Resources Authority, Refunding RB, General, Series A, 5.00%, 8/01/41 </font></td>
    <TD COLSPAN="5" STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">3,070</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">3,164,034</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>

<tr>
    <td colspan="12" style="padding-top: 2pt; color: navy; font-weight: bold"><font style="font-family: Arial, Helvetica, Sans-Serif">New Jersey&nbsp;&nbsp;&mdash; 1.2%</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">New Jersey Transportation Trust Fund Authority, RB, Series B, 5.25%, 6/15/36 (j)</font></td>
    <TD COLSPAN="5" STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">2,861</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">2,970,627</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>

<tr>
    <td colspan="12" style="padding-top: 2pt; color: navy; font-weight: bold"><font style="font-family: Arial, Helvetica, Sans-Serif">New York&nbsp;&nbsp;&mdash; 9.8%</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Hudson New York Yards Infrastructure Corp., RB, Senior Series A, 5.75%, 2/15/47 (j)</font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,750</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,857,827</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">New York City Municipal Water Finance Authority, RB, Fiscal 2009, Series A, 5.75%, 6/15/40 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">690</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">766,203</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">New York City Municipal Water Finance Authority, Refunding RB:</font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Series FF-2, 5.50%, 6/15/40 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">810</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">881,898</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Water &amp; Sewer System, Second General Resolution, Series CC, 5.00%, 6/15/47 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">4,000</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">4,103,240</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</td>
    <td colspan="4" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Water &amp; Sewer System, Series A, 4.75%, 6/15/30 </font></td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">4,000</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">4,131,520</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">New York Liberty Development Corp., RB, 1 World Trade Center Port Authority Construction, 5.25%, 12/15/43 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">4,500</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">4,675,609</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">New York State Dormitory Authority, RB, New York University, Series A, 5.00%, 7/01/38 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">3,359</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">3,426,444</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<TR>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<tr>
    <TD COLSPAN="8" STYLE="vertical-align: bottom; font-weight: bold; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">Municipal Bonds Transferred to Tender Option Bond (TOB) Trusts (i)</font></td>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">Par</font><br>
<font style="font-family: Arial, Helvetica, Sans-Serif">(000)</font></td>
    <TD STYLE="vertical-align: bottom; font-weight: bold; text-align: right; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">Value</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>

<tr>
    <td colspan="12" style="vertical-align: bottom; padding-top: 2pt; color: navy; font-weight: bold"><font style="font-family: Arial, Helvetica, Sans-Serif">New York (concluded)</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">New York State Dormitory Authority, Refunding LRB, State University Dormitory Facilities, Series A, 5.00%, 7/01/42 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">$</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,200</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">$</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,224,180</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">New York State Thruway Authority, Refunding RB, Series A, 5.00%, 3/15/31 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">2,360</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">2,498,674</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>

<tr>
    <TD COLSPAN="10" STYLE="vertical-align: bottom; padding-top: 2pt; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; text-align: right; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; text-align: right; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">23,565,595</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>

<tr>
    <td colspan="12" style="padding-top: 2pt; color: navy; font-weight: bold"><font style="font-family: Arial, Helvetica, Sans-Serif">Ohio&nbsp;&nbsp;&mdash; 1.8%</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">County of Montgomery Ohio, RB, Catholic Health, Series C-1 (AGM), 5.00%, 10/01/41 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,740</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">1,721,712</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Ohio Higher Educational Facility Commission, Refunding RB, Hospital, Cleveland Clinic Health, Series A, 5.25%, 1/01/33 </font></td>
    <td colspan="5" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">2,600</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">2,654,262</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>

<tr>
    <TD COLSPAN="10" STYLE="vertical-align: bottom; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; text-align: right; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; text-align: right; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">4,375,974</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>

<tr>
    <TD COLSPAN="10" STYLE="vertical-align: bottom; border-bottom: Black 1pt solid">
        <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0"><b>Total Municipal Bonds Transferred to Tender</b></P>
        <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0"><b>Option Bond (TOB) Trusts</b> &mdash; <b>16.3%</b></P></td>
    <TD STYLE="vertical-align: bottom; text-align: right; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; text-align: right; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">39,297,565</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>

<tr>
    <TD COLSPAN="10" STYLE="vertical-align: bottom; padding-top: 2pt; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif"><b>Total Long-Term Investments</b></font><br>
<font style="font-family: Arial, Helvetica, Sans-Serif"><b>(Cost &mdash; $385,460,450) &mdash; 160.8%</b></font></td>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; text-align: right; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; text-align: right; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">388,485,751</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>

<tr>
    <TD><FONT STYLE="font-size: 3pt">&nbsp;</FONT></td>
    <TD><FONT STYLE="font-size: 3pt">&nbsp;</FONT></td>
    <TD><FONT STYLE="font-size: 3pt">&nbsp;</FONT></td>
    <TD><FONT STYLE="font-size: 3pt">&nbsp;</FONT></td>
    <TD><FONT STYLE="font-size: 3pt">&nbsp;</FONT></td>
    <TD STYLE="width: 0"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></td>
    <TD STYLE="width: 1%"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></td>
    <TD STYLE="width: 1%"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></td>
    <TD STYLE="width: 3%"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></td>
    <TD STYLE="width: 5%"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></td>
    <TD STYLE="width: 3%"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></td>
    <TD STYLE="width: 11%"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></td>
    <TD STYLE="width: 1%"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></td></tr>

</TABLE>

<P STYLE="margin: 0; border-bottom: rgb(98,151,204) 6pt solid"><FONT STYLE="font-size: 4pt">&nbsp;</FONT></P>


<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 8pt Franklin Gothic Book; width: 100%; border-collapse: collapse">
<tr>
    <TD COLSPAN="8" STYLE="vertical-align: bottom; font-weight: bold; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">Short-Term Securities</font></td>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><br>
<font style="font-family: Arial, Helvetica, Sans-Serif">Shares</font></td>
    <TD STYLE="vertical-align: bottom; font-weight: bold; text-align: right; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>

<tr>
    <td colspan="12" style="vertical-align: bottom">&nbsp;</td>
    <TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;</td></tr>
<tr>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">FFI Institutional Tax-Exempt Fund, 0.03% (k)(l)</font></td>
    <TD COLSPAN="5" STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; text-align: center"><font style="font-family: Arial, Helvetica, Sans-Serif">2,250,412</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">2,250,412</font></td>
    <TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>

<tr>
    <TD COLSPAN="10" STYLE="vertical-align: bottom; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif"><b>Total Short-Term Securities</b></font><br>
<font style="font-family: Arial, Helvetica, Sans-Serif"><b>(Cost &mdash; $2,250,412) &mdash; 0.9%</b></font></td>
    <TD STYLE="vertical-align: bottom; text-align: right; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; text-align: right; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">2,250,412</font></td>
    <TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>

<tr>
    <td colspan="10" style="vertical-align: bottom; padding-top: 2pt"><font style="font-family: Arial, Helvetica, Sans-Serif"><b>Total Investments</b></font><br>
<font style="font-family: Arial, Helvetica, Sans-Serif"><b>(Cost &mdash; $387,710,862*) &mdash; 161.7%</b></font></td>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; text-align: right">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; text-align: right"><font style="font-family: Arial, Helvetica, Sans-Serif">390,736,163</font></td>
    <TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;</td></tr>
<tr>
    <td colspan="10" style="vertical-align: bottom; padding-top: 2pt"><font style="font-family: Arial, Helvetica, Sans-Serif"><b>Liabilities in Excess of Other Assets</b> &mdash; <b>(0.2%)</b></font></td>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; text-align: right">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; text-align: right"><font style="font-family: Arial, Helvetica, Sans-Serif">(480,894</font></td>
    <TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">)</td></tr>
<tr>
    <td colspan="10" style="vertical-align: bottom; padding-top: 2pt"><font style="font-family: Arial, Helvetica, Sans-Serif"><b>Liability for TOB Trust Certificates, Including Interest Expense and Fees Payable</b> &mdash; <b>(9.4%)</b></font></td>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; text-align: right">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; text-align: right"><font style="font-family: Arial, Helvetica, Sans-Serif">(22,704,742</font></td>
    <TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">)</td></tr>
<tr>
    <td colspan="10" style="vertical-align: bottom; padding-top: 2pt"><font style="font-family: Arial, Helvetica, Sans-Serif"><b>VMTP Shares, at Liquidation Value</b> &mdash; <b>(52.1%)</b></font></td>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; padding-top: 2pt; text-align: right">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; padding-top: 2pt; text-align: right"><font style="font-family: Arial, Helvetica, Sans-Serif">(125,900,000</font></td>
    <TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; border-bottom: Black 1pt solid">)</td></tr>
<tr style="vertical-align: bottom">
    <td colspan="13" style="padding-bottom: 2pt"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></td></tr>
<tr>
    <td colspan="10" style="vertical-align: bottom; padding-top: 2pt"><font style="font-family: Arial, Helvetica, Sans-Serif"><b>Net Assets Applicable to Common Shares</b> &mdash; <b>100.0%</b></font></td>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; padding-top: 2pt; text-align: right"><font style="font-family: Arial, Helvetica, Sans-Serif">$</font></td>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; padding-top: 2pt; text-align: right"><font style="font-family: Arial, Helvetica, Sans-Serif">241,650,527</font></td>
    <TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; border-bottom: Black 1pt solid">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td colspan="13" style="padding-bottom: 2pt; font-weight: bold">&nbsp;</td></tr>
<tr>
    <TD STYLE="vertical-align: top; border-top: windowtext 1pt solid; text-align: center"><font style="font-family: Arial, Helvetica, Sans-Serif">*</font></td>
    <td colspan="11" style="vertical-align: top; border-top: windowtext 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">As of July 31, 2013, gross unrealized appreciation and gross unrealized depreciation based on cost for federal income tax purposes were as follows:</font></td>
    <TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; border-top: Black 1pt solid">&nbsp;</td></tr>
<TR>
    <TD COLSPAN="10" STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</TD></TR>
<tr>
    <td colspan="10" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Tax cost</font></td>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">$</font></td>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">364,942,223</font></td>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td colspan="13" style="padding-bottom: 2pt; font-family: Times New Roman, Times, Serif"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></td></tr>
<tr>
    <td colspan="10" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Gross unrealized appreciation</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">$</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">18,433,708</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td></tr>
<tr>
    <td colspan="10" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">Gross unrealized depreciation</font></td>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">(15,338,809</font></td>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; padding-left: 0.1in; text-align: left; text-indent: -0.1in">)</td></tr>
<tr style="vertical-align: bottom">
    <td colspan="13" style="padding-bottom: 2pt; font-family: Times New Roman, Times, Serif"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></td></tr>
<tr>
    <td colspan="10" style="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Net
unrealized appreciation</FONT></td>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">$</font></td>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">3,094,899</font></td>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; padding-left: 0.1in; text-align: right; text-indent: -0.1in">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td colspan="13" style="border-bottom: windowtext 1pt solid; padding-bottom: 2pt; font-family: Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <TD STYLE="width: 1%">&nbsp;</td>
    <TD STYLE="width: 1%">&nbsp;</td>
    <TD STYLE="width: 69%">&nbsp;</td>
    <TD STYLE="width: 1%">&nbsp;</td>
    <TD STYLE="width: 1%">&nbsp;</td>
    <TD STYLE="width: 1%">&nbsp;</td>
    <TD STYLE="width: 1%">&nbsp;</td>
    <TD STYLE="width: 1%">&nbsp;</td>
    <TD STYLE="width: 1%">&nbsp;</td>
    <TD STYLE="width: 8%">&nbsp;</td>
    <TD STYLE="width: 3%">&nbsp;</td>
    <TD STYLE="width: 11%">&nbsp;</td>
    <TD STYLE="width: 1%">&nbsp;</td></tr>
</table>

<!-- Field: Page; Sequence: 9 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; padding-top: 6pt; padding-bottom: 6pt; border-top: Black 2pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 8pt Arial, Helvetica, Sans-Serif"><TR><TD NOWRAP STYLE="text-align: left; width: 33%">BLACKROCK INVESTMENT QUALITY MUNICIPAL TRUST INC.</TD><TD STYLE="text-align: center; width: 34%">JULY 31, 2013</TD><TD STYLE="text-align: right; width: 33%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->8<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="width: 66%; padding-right: 5.4pt; border-top: rgb(98,151,204) 6pt solid; font: 12pt Arial, Helvetica, Sans-Serif; color: navy; text-align: left; vertical-align: bottom">
<FONT STYLE="font-size: 14pt">Schedule of Investments</FONT>
<FONT STYLE="font: 9pt Arial, Helvetica, Sans-Serif; color: navy">(continued)</FONT></TD>
    <TD NOWRAP STYLE="width: 34%; border-top: rgb(98,151,204) 6pt solid; padding-left: 5.4pt">
        <P STYLE="color: navy; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right"><B>BlackRock Investment Quality Municipal Trust Inc. (BKN)</B></P></TD></TR>
</TABLE>
<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in; text-align: left">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 8pt Franklin Gothic Book; width: 100%; border-collapse: collapse">
<tr>
    <TD STYLE="vertical-align: bottom; padding-bottom: 4pt; font-weight: bold">&nbsp;</td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <TD COLSPAN="2"><P STYLE="color: navy; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: #99CCFF; border-top: navy 1pt solid; border-bottom: navy 1pt solid"><B>Notes to Schedule of Investments </B></P>

</td></tr>
<tr>
    <TD STYLE="text-align: left; vertical-align: bottom; width: 5%"><font style="font-family: Arial, Helvetica, Sans-Serif">(a)</font></td>
    <TD STYLE="vertical-align: bottom; width: 95%"><font style="font-family: Arial, Helvetica, Sans-Serif">Represents a zero-coupon bond. Rate shown reflects the current yield as of report date.</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; width: 0%">&nbsp;</td></tr>
<tr>
    <TD STYLE="text-align: left; vertical-align: top; padding-top: 3pt"><font style="font-family: Arial, Helvetica, Sans-Serif">(b)</font></td>
    <TD STYLE="vertical-align: bottom; padding-top: 3pt"><font style="font-family: Arial, Helvetica, 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 is as of report date.</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-top: 3pt">&nbsp;</td></tr>
<tr>
    <TD STYLE="text-align: left; vertical-align: top; padding-top: 3pt"><font style="font-family: Arial, Helvetica, Sans-Serif">(c)</font></td>
    <TD STYLE="vertical-align: bottom; padding-top: 3pt"><font style="font-family: Arial, Helvetica, 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></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <TD STYLE="vertical-align: bottom"><font style="font-family: Arial, Helvetica, Sans-Serif">(d)</font></td>
    <TD STYLE="vertical-align: bottom"><font style="font-family: Arial, Helvetica, Sans-Serif">Security is collateralized by municipal or US Treasury obligations.</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <TD STYLE="vertical-align: bottom"><font style="font-family: Arial, Helvetica, Sans-Serif">(e)</font></td>
    <TD STYLE="vertical-align: bottom"><font style="font-family: Arial, Helvetica, Sans-Serif">When-issued security. Unsettled when-issued transactions were as follows:</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 8pt Franklin Gothic Book; width: 100%; border-collapse: collapse">
<tr style="vertical-align: bottom">
    <TD STYLE="font-size: 2pt; position: relative; top: -3pt; font-weight: bold"><font style="font-family: Arial, Helvetica, Sans-Serif">&#9;&#9;</font></td></tr>
<tr>
    <TD STYLE="vertical-align: bottom; font-weight: bold; border-top: Black 1pt solid; border-bottom: Black 1pt solid; width: 3%">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; font-weight: bold; border-top: Black 1pt solid; border-bottom: Black 1pt solid; width: 45%"><font style="font-family: Arial, Helvetica, Sans-Serif">Counterparty</font></td>
    <TD STYLE="vertical-align: bottom; font-weight: bold; border-top: Black 1pt solid; border-bottom: Black 1pt solid; width: 2%">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; font-weight: bold; text-align: center; border-top: Black 1pt solid; border-bottom: Black 1pt solid; width: 2%"><font style="font-family: Arial, Helvetica, Sans-Serif"></font></td>
    <TD STYLE="vertical-align: bottom; font-weight: bold; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; width: 20%">Value</td>
    <TD STYLE="vertical-align: bottom; font-weight: bold; text-align: center; border-top: Black 1pt solid; border-bottom: Black 1pt solid; width: 6%"></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; width: 22%"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>Unrealized</B></FONT><B><FONT STYLE="font-size: 8pt"><br>
    <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Appreciation</FONT><br>
    <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">(Depreciation)</FONT></FONT></B></td></tr>
<tr style="vertical-align: bottom">
    <TD STYLE="font-size: 2pt; position: relative; top: -3pt; font-weight: bold"><font style="font-family: Arial, Helvetica, Sans-Serif">&#9;&#9;</font></td></tr>
<tr>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">JPMorgan
Chase Bank NA</FONT></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">$</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">3,109,723</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in"><font style="font-family: Arial, Helvetica, Sans-Serif">$</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; padding-right: 5.4pt"><font style="font-family: Arial, Helvetica, Sans-Serif">48,944&nbsp;</font></td>
    </tr>
<tr>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">Raymond James Financial, Inc.</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in; border-bottom: Black 1pt solid">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">$</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">541,219</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">$</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: right; text-indent: -0.1in; padding-right: 5.4pt; border-bottom: Black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif">(21,317)</font></td>
    </tr>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 8pt Franklin Gothic Book; width: 100%; border-collapse: collapse">
<tr>
    <TD STYLE="text-align: left; width: 5%; vertical-align: bottom"><font style="font-family: Arial, Helvetica, Sans-Serif">(f)</font></td>
    <TD STYLE="vertical-align: bottom; width: 95%"><font style="font-family: Arial, Helvetica, Sans-Serif">Issuer filed for bankruptcy and/or is in default of principal and/or interest payments.</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; width: 0%">&nbsp;</td></tr>
<tr>
    <TD STYLE="text-align: left; vertical-align: bottom"><font style="font-family: Arial, Helvetica, Sans-Serif">(g)</font></td>
    <TD STYLE="vertical-align: bottom"><font style="font-family: Arial, Helvetica, Sans-Serif">Non-income producing security.</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <TD STYLE="text-align: left; vertical-align: bottom"><font style="font-family: Arial, Helvetica, Sans-Serif">(h)</font></td>
    <TD STYLE="vertical-align: bottom"><font style="font-family: Arial, Helvetica, Sans-Serif">Variable rate security. Rate shown is as of report date.</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <TD STYLE="text-align: left; vertical-align: top"><font style="font-family: Arial, Helvetica, Sans-Serif">(i)</font></td>
    <TD STYLE="vertical-align: bottom"><font style="font-family: Arial, Helvetica, Sans-Serif">Securities represent bonds transferred to a TOB in exchange for which the Trust acquired residual interest certificates. These securities serve as collateral in a financing transaction.</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <TD STYLE="text-align: left; vertical-align: top"><font style="font-family: Arial, Helvetica, Sans-Serif">(j)</font></td>
    <TD STYLE="vertical-align: bottom"><font style="font-family: Arial, Helvetica, Sans-Serif">All or a portion of security is subject to a recourse agreement, which may require the Trust to pay the liquidity provider in the event there is a shortfall between the TOB trust certificates and proceeds received from the sale of the security contributed to the TOB trust. In the case of a shortfall, the aggregate maximum potential amount the Trust could ultimately be required to pay under the agreements, which expire from February 15, 2019 to June 15, 2019 is $3,149,396.</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <TD STYLE="text-align: left; vertical-align: top"><font style="font-family: Arial, Helvetica, Sans-Serif">(k)</font></td>
    <TD STYLE="vertical-align: bottom"><font style="font-family: Arial, Helvetica, Sans-Serif">Investments in issuers considered to be an affiliate of the Trust during the period ended July 31, 2013, for purposes of Section 2(a)(3) of the 1940 Act, were as follows:</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 8pt Franklin Gothic Book; width: 100%; border-collapse: collapse">
<tr>
    <td colspan="18" style="vertical-align: bottom; font-weight: bold">&nbsp;</td>
    <td colspan="12" style="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td colspan="30" style="font-size: 2pt; position: relative; top: -3pt; font-weight: bold"><font style="font-family: Arial, Helvetica, Sans-Serif">&#9;&#9;</font></td></tr>
<tr>
    <TD STYLE="vertical-align: bottom; font-weight: bold; padding-top: 6pt">&nbsp;</td>
    <TD COLSPAN="7" STYLE="vertical-align: bottom; font-weight: bold; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 6pt"><font style="font-family: Arial, Helvetica, Sans-Serif">Affiliate</font></td>
    <TD STYLE="vertical-align: bottom; font-weight: bold; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 6pt">&nbsp;</td>
    <TD COLSPAN="7" STYLE="vertical-align: bottom; font-weight: bold; text-align: center; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 6pt"><font style="font-family: Arial, Helvetica, Sans-Serif">Shares</font><br>
<font style="font-family: Arial, Helvetica, Sans-Serif">Held at</font><br>
<font style="font-family: Arial, Helvetica, Sans-Serif">April 30, 2013</font></td>
    <TD STYLE="vertical-align: bottom; font-weight: bold; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 6pt">&nbsp;</td>
    <TD COLSPAN="5" STYLE="vertical-align: bottom; font-weight: bold; text-align: center; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 6pt"><font style="font-family: Arial, Helvetica, Sans-Serif">Net</font><br>
<font style="font-family: Arial, Helvetica, Sans-Serif">Activity</font></td>
    <TD STYLE="vertical-align: bottom; font-weight: bold; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 6pt">&nbsp;</td>
    <TD COLSPAN="4" STYLE="vertical-align: bottom; font-weight: bold; text-align: center; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 6pt"><font style="font-family: Arial, Helvetica, Sans-Serif">Shares</font><br>
<font style="font-family: Arial, Helvetica, Sans-Serif">Held at</font><br>
<font style="font-family: Arial, Helvetica, Sans-Serif">July 31, 2013</font></td>
    <TD STYLE="vertical-align: bottom; font-weight: bold; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 6pt">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; font-weight: bold; text-align: center; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 6pt"><font style="font-family: Arial, Helvetica, Sans-Serif">Income</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 6pt">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td colspan="30" style="font-size: 2pt; position: relative; top: -3pt; font-weight: bold"><font style="font-family: Arial, Helvetica, Sans-Serif">&#9;&#9;</font></td></tr>
<tr>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in; padding-bottom: 3pt">&nbsp;</td>
    <TD COLSPAN="7" NOWRAP STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in; border-bottom: Black 1pt solid; padding-bottom: 3pt"><font style="font-family: Arial, Helvetica, Sans-Serif">FFI Institutional Tax-Exempt Fund</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in; border-bottom: Black 1pt solid; padding-bottom: 3pt">&nbsp;</td>
    <TD COLSPAN="6" STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: center; text-indent: -0.1in; border-bottom: Black 1pt solid; padding-bottom: 3pt"><font style="font-family: Arial, Helvetica, Sans-Serif">4,475,537</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in; border-bottom: Black 1pt solid; padding-bottom: 3pt">&nbsp;</td>
    <TD COLSPAN="6" STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: center; text-indent: -0.1in; border-bottom: Black 1pt solid; padding-bottom: 3pt"><font style="font-family: Arial, Helvetica, Sans-Serif">(2,225,125)</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in; border-bottom: Black 1pt solid; padding-bottom: 3pt">&nbsp;</td>
    <TD COLSPAN="4" STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: center; text-indent: -0.1in; border-bottom: Black 1pt solid; padding-bottom: 3pt"><font style="font-family: Arial, Helvetica, Sans-Serif">2,250,412</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in; border-bottom: Black 1pt solid; padding-bottom: 3pt"><font style="font-family: Arial, Helvetica, Sans-Serif">$</font></td>
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-align: center; text-indent: -0.1in; border-bottom: Black 1pt solid; padding-bottom: 3pt"><font style="font-family: Arial, Helvetica, Sans-Serif">217</font></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid; padding-bottom: 3pt">&nbsp;</td></tr>
<tr>
    <TD STYLE="width: 14px">&nbsp;</td>
    <TD STYLE="width: 1px">&nbsp;</td>
    <TD STYLE="width: 19px">&nbsp;</td>
    <TD STYLE="width: 9px">&nbsp;</td>
    <TD STYLE="width: 65px">&nbsp;</td>
    <TD>&nbsp;</td>
    <TD>&nbsp;</td>
    <TD STYLE="width: 3px">&nbsp;</td>
    <TD STYLE="width: 5px">&nbsp;</td>
    <TD STYLE="width: 2px">&nbsp;</td>
    <TD STYLE="width: 54px">&nbsp;</td>
    <TD STYLE="width: 10px">&nbsp;</td>
    <TD STYLE="width: 54px">&nbsp;</td>
    <TD STYLE="width: 10px">&nbsp;</td>
    <TD STYLE="width: 6px">&nbsp;</td>
    <TD STYLE="width: 10px">&nbsp;</td>
    <TD STYLE="width: 10px">&nbsp;</td>
    <TD STYLE="width: 29px">&nbsp;</td>
    <TD STYLE="width: 10px">&nbsp;</td>
    <TD STYLE="width: 10px">&nbsp;</td>
    <TD STYLE="width: 19px">&nbsp;</td>
    <TD STYLE="width: 38px">&nbsp;</td>
    <TD STYLE="width: 10px">&nbsp;</td>
    <TD STYLE="width: 67px">&nbsp;</td>
    <TD STYLE="width: 10px">&nbsp;</td>
    <TD STYLE="width: 19px">&nbsp;</td>
    <TD STYLE="width: 29px">&nbsp;</td>
    <TD STYLE="width: 19px">&nbsp;</td>
    <TD>&nbsp;</td>
    <TD STYLE="width: 10px">&nbsp;</td></tr></TABLE>

<P STYLE="margin: 0">&nbsp;</P>

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<tr>
    <TD STYLE="vertical-align: top; width: 5%"><font style="font-family: Arial, Helvetica, Sans-Serif">(l)</font></td>
    <TD STYLE="vertical-align: bottom; width: 95%">
        <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">Represents the current yield as of report date.</P>
        <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P></td>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; width: 0%">&nbsp;</td></tr>
</table>






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    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; padding-top: 6pt; padding-bottom: 6pt; border-top: Black 2pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 8pt Arial, Helvetica, Sans-Serif"><TR><TD NOWRAP STYLE="text-align: left; width: 33%">BLACKROCK INVESTMENT QUALITY MUNICIPAL TRUST INC.</TD><TD STYLE="text-align: center; width: 34%">JULY 31, 2013</TD><TD STYLE="text-align: right; width: 33%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->9<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
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    <TD NOWRAP STYLE="width: 66%; padding-right: 5.4pt; border-top: rgb(98,151,204) 6pt solid; font: 12pt Arial, Helvetica, Sans-Serif; color: navy; text-align: left; vertical-align: bottom">
<FONT STYLE="font-size: 14pt">Schedule of Investments</FONT>
<FONT STYLE="font: 9pt Arial, Helvetica, Sans-Serif; color: navy">(continued)</FONT></TD>
    <TD NOWRAP STYLE="width: 34%; border-top: rgb(98,151,204) 6pt solid; padding-left: 5.4pt">
        <P STYLE="color: navy; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right"><B>BlackRock Investment Quality Municipal Trust Inc. (BKN)</B></P></TD></TR>
</TABLE>
<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in; text-align: left">&nbsp;</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0"></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<table cellspacing="0" cellpadding="0" style="font: 8pt Franklin Gothic Book; width: 100%; border-collapse: collapse">
<tr>
    <td colspan="5">
        <P STYLE="color: navy; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: #99CCFF; border-top: navy 1pt solid; border-bottom: navy 1pt solid"><b>Portfolio
        Abbreviations </b></P></td></tr>
<tr>
    <td colspan="5" style="padding-bottom: 4pt; font-weight: bold"><font style="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal">To simplify the listings of portfolio holdings in the Schedule of Investments, the names and descriptions of many of the securities have been abbreviated according to the following list: </font></td></tr>
<tr>
    <td colspan="4" style="vertical-align: bottom; padding-bottom: 4pt; font-weight: bold">&nbsp;</td>
    <td style="font: 12pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr>
    <td colspan="3" style="vertical-align: top"><font style="font-family: Arial, Helvetica, Sans-Serif">AGC</font></td>
    <td colspan="2" style="vertical-align: bottom"><font style="font-family: Arial, Helvetica, Sans-Serif">Assured Guarantee Corp.</font></td></tr>
<tr>
    <td colspan="3" style="vertical-align: top"><font style="font-family: Arial, Helvetica, Sans-Serif">AGM</font></td>
    <td colspan="2" style="vertical-align: bottom"><font style="font-family: Arial, Helvetica, Sans-Serif">Assured Guaranty Municipal Corp.</font></td></tr>
<tr>
    <td colspan="3" style="vertical-align: top"><font style="font-family: Arial, Helvetica, Sans-Serif">AMBAC</font></td>
    <td colspan="2" style="vertical-align: bottom"><font style="font-family: Arial, Helvetica, Sans-Serif">American Municipal Bond Assurance Corp.</font></td></tr>
<tr>
    <td colspan="3" style="vertical-align: top"><font style="font-family: Arial, Helvetica, Sans-Serif">AMT</font></td>
    <td colspan="2" style="vertical-align: bottom"><font style="font-family: Arial, Helvetica, Sans-Serif">Alternative Minimum Tax (subject to)</font></td></tr>
<tr>
    <td colspan="3" style="vertical-align: top"><font style="font-family: Arial, Helvetica, Sans-Serif">ARB</font></td>
    <td colspan="2" style="vertical-align: bottom"><font style="font-family: Arial, Helvetica, Sans-Serif">Airport Revenue Bonds</font></td></tr>
<tr>
    <td colspan="3" style="vertical-align: top"><font style="font-family: Arial, Helvetica, Sans-Serif">CAB</font></td>
    <td colspan="2" style="vertical-align: bottom"><font style="font-family: Arial, Helvetica, Sans-Serif">Capital Appreciation Bonds</font></td></tr>
<tr>
    <td colspan="3" style="vertical-align: top"><font style="font-family: Arial, Helvetica, Sans-Serif">CIFG</font></td>
    <td colspan="2" style="vertical-align: bottom"><font style="font-family: Arial, Helvetica, Sans-Serif">CDC IXIS Financial Guaranty</font></td></tr>
<tr>
    <td colspan="3" style="vertical-align: top"><font style="font-family: Arial, Helvetica, Sans-Serif">COP</font></td>
    <td colspan="2" style="vertical-align: bottom"><font style="font-family: Arial, Helvetica, Sans-Serif">Certificates of Participation</font></td></tr>
<tr>
    <td colspan="3" style="vertical-align: top"><font style="font-family: Arial, Helvetica, Sans-Serif">EDA</font></td>
    <td colspan="2" style="vertical-align: bottom"><font style="font-family: Arial, Helvetica, Sans-Serif">Economic Development Authority</font></td></tr>
<tr>
    <td colspan="3" style="vertical-align: top"><font style="font-family: Arial, Helvetica, Sans-Serif">EDC</font></td>
    <td colspan="2" style="vertical-align: bottom"><font style="font-family: Arial, Helvetica, Sans-Serif">Economic Development Corp.</font></td></tr>
<tr>
    <td colspan="3" style="vertical-align: top"><font style="font-family: Arial, Helvetica, Sans-Serif">GO</font></td>
    <td colspan="2" style="vertical-align: bottom"><font style="font-family: Arial, Helvetica, Sans-Serif">General Obligation Bonds</font></td></tr>
<tr>
    <td colspan="3" style="vertical-align: top"><font style="font-family: Arial, Helvetica, Sans-Serif">HRB</font></td>
    <td colspan="2" style="vertical-align: bottom"><font style="font-family: Arial, Helvetica, Sans-Serif">Housing Revenue Bonds</font></td></tr>
<tr>
    <td colspan="3" style="vertical-align: top"><font style="font-family: Arial, Helvetica, Sans-Serif">IDA</font></td>
    <td colspan="2" style="vertical-align: bottom"><font style="font-family: Arial, Helvetica, Sans-Serif">Industrial Development Authority</font></td></tr>
<tr>
    <td colspan="3" style="vertical-align: top"><font style="font-family: Arial, Helvetica, Sans-Serif">IDRB</font></td>
    <td colspan="2" style="vertical-align: bottom"><font style="font-family: Arial, Helvetica, Sans-Serif">Industrial Development Revenue Bonds</font></td></tr>
<tr>
    <td colspan="3" style="vertical-align: top"><font style="font-family: Arial, Helvetica, Sans-Serif">LRB</font></td>
    <td colspan="2" style="vertical-align: bottom"><font style="font-family: Arial, Helvetica, Sans-Serif">Lease Revenue Bonds</font></td></tr>
<tr>
    <td colspan="3" style="vertical-align: top"><font style="font-family: Arial, Helvetica, Sans-Serif">M/F</font></td>
    <td colspan="2" style="vertical-align: bottom"><font style="font-family: Arial, Helvetica, Sans-Serif">Multi-Family</font></td></tr>
<tr>
    <td colspan="3" style="vertical-align: top"><font style="font-family: Arial, Helvetica, Sans-Serif">NPFGC</font></td>
    <td colspan="2" style="vertical-align: bottom"><font style="font-family: Arial, Helvetica, Sans-Serif">National Public Finance Guarantee Corp.</font></td></tr>
<tr>
    <td colspan="3" style="vertical-align: top"><font style="font-family: Arial, Helvetica, Sans-Serif">PILOT</font></td>
    <td colspan="2" style="vertical-align: bottom"><font style="font-family: Arial, Helvetica, Sans-Serif">Payment in Lieu of Taxes</font></td></tr>
<tr>
    <td colspan="3" style="vertical-align: top"><font style="font-family: Arial, Helvetica, Sans-Serif">RB</font></td>
    <td colspan="2" style="vertical-align: bottom"><font style="font-family: Arial, Helvetica, Sans-Serif">Revenue Bonds</font></td></tr>
<tr>
    <td colspan="3" style="vertical-align: top"><font style="font-family: Arial, Helvetica, Sans-Serif">S/F</font></td>
    <td colspan="2" style="vertical-align: bottom"><font style="font-family: Arial, Helvetica, Sans-Serif">Single Family</font></td></tr>
<tr style="vertical-align: bottom">
    <td colspan="5">&nbsp;</td></tr>
<tr>
    <td style="vertical-align: top; text-align: center"><font style="font-family: Arial, Helvetica, Sans-Serif">&bull;</font></td>
    <td colspan="4" style="vertical-align: bottom"><font style="font-family: Arial, Helvetica, Sans-Serif">Fair Value Measurements - Various inputs are used in determining the fair value of investments. These inputs to valuation techniques are categorized into a disclosure hierarchy consisting of three broad levels for financial reporting purposes as follows:</font><br>
<br>
</td></tr>
<tr>
    <td style="vertical-align: bottom">&nbsp;</td>
    <td style="vertical-align: top; text-align: center"><font style="font-family: Arial, Helvetica, Sans-Serif">&bull;</font></td>
    <td colspan="3" style="vertical-align: bottom"><font style="font-family: Arial, Helvetica, Sans-Serif">Level 1 &mdash; unadjusted price quotations in active markets/exchanges for identical assets or liabilities that the Trust has the ability to access</font></td></tr>
<tr style="vertical-align: bottom">
    <td colspan="5">&nbsp;</td></tr>
<tr>
    <td style="vertical-align: bottom">&nbsp;</td>
    <td style="vertical-align: top; text-align: center"><font style="font-family: Arial, Helvetica, Sans-Serif">&bull;</font></td>
    <td colspan="3" style="vertical-align: bottom"><font style="font-family: Arial, Helvetica, Sans-Serif">Level 2 &mdash; other observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or 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></td></tr>
<tr style="vertical-align: bottom">
    <td colspan="5">&nbsp;</td></tr>
<tr>
    <td style="vertical-align: bottom">&nbsp;</td>
    <td style="vertical-align: top; text-align: center"><font style="font-family: Arial, Helvetica, Sans-Serif">&bull;</font></td>
    <td colspan="3" style="vertical-align: bottom"><font style="font-family: Arial, Helvetica, Sans-Serif">Level 3 &mdash; unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the Trust's own assumptions used in determining the fair value of investments)</font></td></tr>
<tr style="vertical-align: bottom">
    <td colspan="5">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td colspan="5"><font style="font-family: Arial, Helvetica, Sans-Serif">The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety.</font><br>
<br>
<font style="font-family: Arial, Helvetica, Sans-Serif">Changes in valuation techniques may result in transfers into or out of an assigned level within the disclosure hierarchy. In accordance with the Trust's policy, transfers between different levels of the fair value disclosure hierarchy are deemed to have occurred as of the beginning of the reporting period. The categorization of a value determined for investments is based on the pricing transparency of the investment and is not necessarily an indication of the risks associated with investing in those securities. For information about the Trust's policy regarding valuation of investments, please refer to the Trust's most recent financial statements as contained in its annual report.</font><br>

</td></tr>
<tr>
    <td style="width: 1%">&nbsp;</td>
    <td style="width: 1%">&nbsp;</td>
    <td style="width: 4%">&nbsp;</td>
    <td style="width: 44%">&nbsp;</td>
    <td style="width: 50%">&nbsp;</td></tr>
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    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; padding-top: 6pt; padding-bottom: 6pt; border-top: Black 2pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 8pt Arial, Helvetica, Sans-Serif"><TR><TD NOWRAP STYLE="text-align: left; width: 33%">BLACKROCK INVESTMENT QUALITY MUNICIPAL TRUST INC.</TD><TD STYLE="text-align: center; width: 34%">JULY 31, 2013</TD><TD STYLE="text-align: right; width: 33%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->10<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
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    <TD NOWRAP STYLE="width: 66%; padding-right: 5.4pt; border-top: rgb(98,151,204) 6pt solid; font: 12pt Arial, Helvetica, Sans-Serif; color: navy; text-align: left; vertical-align: bottom">
<FONT STYLE="font-size: 14pt">Schedule of Investments</FONT>
<FONT STYLE="font: 9pt Arial, Helvetica, Sans-Serif; color: navy">(concluded)</FONT></TD>
    <TD NOWRAP STYLE="width: 34%; border-top: rgb(98,151,204) 6pt solid; padding-left: 5.4pt">
        <P STYLE="color: navy; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right"><B>BlackRock Investment Quality Municipal Trust Inc. (BKN)</B></P></TD></TR>
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<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0in; text-align: left">&nbsp;</P>
<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0"></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0"></P>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font-weight: normal">The following table summarizes the
Trust's investments categorized in the disclosure hierarchy as of July 31, 2013:</FONT></P>



<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 8pt Franklin Gothic Book; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; width: 2%">&nbsp;</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; width: 26%">&nbsp;</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; width: 3%">&nbsp;</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; width: 14%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Level 1</FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; width: 5%">&nbsp;</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; width: 14%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Level 2</FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; width: 4%">&nbsp;</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; width: 14%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Level 3</FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; width: 4%">&nbsp;</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; width: 14%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Total</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Assets:</B><SUP> </SUP>&nbsp;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Investments:<SUP> </SUP></FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Long-Term Investments<SUP>1</SUP></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&mdash;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">$</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">388,485,751</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&mdash;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">$</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">388,485,751</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Short-Term Securities</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">$</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">2,250,412</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&mdash;</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&mdash;</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">2,250,412</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Total</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">$</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">2,250,412</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">$</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">388,485,751</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&mdash;</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">$</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">390,736,163</FONT></TD></TR>
</TABLE>


<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0"></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0"></P>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0"><SUP>1&#9;</SUP>See above Schedule of Investments for values in each
state or political subdivision.</P>



<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0"></P>






<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 8pt Franklin Gothic Book; width: 100%; border-collapse: collapse">
<tr style="vertical-align: bottom">
    <td colspan="16" style="font-family: Times New Roman, Times, Serif"><font style="font: 8pt Arial, Helvetica, Sans-Serif">Certain of the Trust&rsquo;s assets and liabilities are held at carrying amount, which approximates fair value for financial reporting purposes. As of July 31, 2013, such assets and liabilities are categorized within the disclosure hierarchy as follows:</font></td></tr>
<tr style="vertical-align: bottom">
    <td colspan="16" style="border-bottom: windowtext 1pt solid; padding-bottom: 2pt; font-family: Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td colspan="3" style="border-bottom: windowtext 1pt solid; font-weight: bold">&nbsp;</td>
    <TD COLSPAN="4" STYLE="border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Level 1</FONT></td>
    <TD COLSPAN="4" STYLE="border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Level 2</FONT></td>
    <TD COLSPAN="4" STYLE="border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Level 3</FONT></td>
    <TD STYLE="border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center"><font style="font-family: Arial, Helvetica, Sans-Serif">Total</font></td></tr>
<tr style="vertical-align: bottom">
    <td colspan="16" style="padding-bottom: 2pt; font-family: Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td colspan="16"><font style="font-family: Arial, Helvetica, Sans-Serif"><b>Assets:</b><sup> </sup>&nbsp;</font></td></tr>
<tr style="vertical-align: bottom">
    <TD>&nbsp;</td>
    <TD><font style="font-family: Arial, Helvetica, Sans-Serif">Cash</font></td>
    <td colspan="2" style="text-align: right"><font style="font-family: Arial, Helvetica, Sans-Serif">$</font></td>
    <td colspan="2" style="text-align: right"><font style="font-family: Arial, Helvetica, Sans-Serif">555,645</font></td>
    <td colspan="2" style="text-align: right">&nbsp;</td>
    <td colspan="2" style="text-align: right"><font style="font-family: Arial, Helvetica, Sans-Serif">&mdash;</font></td>
    <td colspan="2" style="text-align: right">&nbsp;</td>
    <td colspan="2" style="text-align: right"><font style="font-family: Arial, Helvetica, Sans-Serif">&mdash;</font></td>
    <TD STYLE="text-align: right"><font style="font-family: Arial, Helvetica, Sans-Serif">$</font></td>
    <TD STYLE="text-align: right"><font style="font-family: Arial, Helvetica, Sans-Serif">555,645</font></td></tr>
<tr style="vertical-align: bottom">
    <td colspan="16"><font style="font-family: Arial, Helvetica, Sans-Serif"><b>Liabilities:</b><sup> </sup>&nbsp;</font></td></tr>
<tr style="vertical-align: bottom">
    <TD>&nbsp;</td>
    <TD><font style="font-family: Arial, Helvetica, Sans-Serif">TOB trust certificates</font></td>
    <td colspan="2" style="text-align: right">&nbsp;</td>
    <td colspan="2" style="text-align: right"><font style="font-family: Arial, Helvetica, Sans-Serif">&mdash;</font></td>
    <td colspan="2" style="text-align: right"><font style="font-family: Arial, Helvetica, Sans-Serif">$</font></td>
    <td colspan="2" style="text-align: right"><font style="font-family: Arial, Helvetica, Sans-Serif">(22,699,041)</font></td>
    <td colspan="2" style="text-align: right">&nbsp;</td>
    <td colspan="2" style="text-align: right"><font style="font-family: Arial, Helvetica, Sans-Serif">&mdash;</font></td>
    <TD STYLE="text-align: right">&nbsp;</td>
    <TD STYLE="text-align: right"><font style="font-family: Arial, Helvetica, Sans-Serif">(22,699,041)</font></td></tr>
<tr style="vertical-align: bottom">
    <TD>&nbsp;</td>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">VMTP Shares</FONT></td>
    <td colspan="2" style="text-align: right">&nbsp;</td>
    <td colspan="2" style="text-align: right"><font style="font-family: Arial, Helvetica, Sans-Serif">&mdash;</font></td>
    <td colspan="2" style="text-align: right">&nbsp;</td>
    <td colspan="2" style="text-align: right"><font style="font-family: Arial, Helvetica, Sans-Serif">(125,900,000)</font></td>
    <td colspan="2" style="text-align: right">&nbsp;</td>
    <td colspan="2" style="text-align: right"><font style="font-family: Arial, Helvetica, Sans-Serif">&mdash;</font></td>
    <TD STYLE="text-align: right">&nbsp;</td>
    <TD STYLE="text-align: right"><font style="font-family: Arial, Helvetica, Sans-Serif">(125,900,000)</font></td></tr>
<tr style="vertical-align: bottom">
    <td colspan="16" style="padding-bottom: 2pt; font-family: Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td colspan="2"><font style="font-family: Arial, Helvetica, Sans-Serif"><b>Total</b></font></td>
    <td colspan="2" style="border-top: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: right"><font style="font-family: Arial, Helvetica, Sans-Serif">$</font></td>
    <td colspan="2" style="border-top: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: right"><font style="font-family: Arial, Helvetica, Sans-Serif">555,645</font></td>
    <td colspan="2" style="border-top: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: right"><font style="font-family: Arial, Helvetica, Sans-Serif">$</font></td>
    <td colspan="2" style="border-top: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: right"><font style="font-family: Arial, Helvetica, Sans-Serif">(148,599,041)</font></td>
    <td colspan="2" style="border-top: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: right">&nbsp;</td>
    <td colspan="2" style="border-top: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: right"><font style="font-family: Arial, Helvetica, Sans-Serif">&mdash;</font></td>
    <TD STYLE="border-top: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: right"><font style="font-family: Arial, Helvetica, Sans-Serif">$</font></td>
    <TD STYLE="border-top: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: right"><font style="font-family: Arial, Helvetica, Sans-Serif">(148,043,396)</font></td></tr>
<tr style="vertical-align: bottom">
    <td colspan="16"><br>
<font style="font-family: Arial, Helvetica, Sans-Serif">There were no transfers between levels during the period ended July 31, 2013.</font></td></tr>
<tr>
    <TD STYLE="width: 2%">&nbsp;</td>
    <TD STYLE="width: 26%">&nbsp;</td>
    <TD STYLE="width: 1%">&nbsp;</td>
    <TD STYLE="width: 2%">&nbsp;</td>
    <TD STYLE="width: 7%">&nbsp;</td>
    <TD STYLE="width: 7%">&nbsp;</td>
    <TD STYLE="width: 2%">&nbsp;</td>
    <TD STYLE="width: 3%">&nbsp;</td>
    <TD STYLE="width: 7%">&nbsp;</td>
    <TD STYLE="width: 7%">&nbsp;</td>
    <TD STYLE="width: 2%">&nbsp;</td>
    <TD STYLE="width: 2%">&nbsp;</td>
    <TD STYLE="width: 7%">&nbsp;</td>
    <TD STYLE="width: 7%">&nbsp;</td>
    <TD STYLE="width: 4%">&nbsp;</td>
    <TD STYLE="width: 14%">&nbsp;</td></tr>
</table>




<!-- Field: Page; Sequence: 12 -->
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    <DIV STYLE="page-break-before: always; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0"></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>



<P></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 11pt 42pt; text-indent: -42pt">Item 2 &ndash; Controls and Procedures</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 6%; font: 11pt Times New Roman, Times, Serif; padding-right: -0.25in; padding-bottom: 11pt"><FONT STYLE="font-size: 11pt">2(a) &ndash; </FONT></TD>
    <TD STYLE="width: 94%; font: 11pt Times New Roman, Times, Serif; padding-right: -0.25in; padding-bottom: 11pt"><FONT STYLE="font-size: 11pt">The registrant's principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant's disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the &Prime;1940 Act&Prime;)) are effective as of a date within 90 days of the filing of this report based on the evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act and Rule 13a-15(b) under the Securities Exchange Act of 1934, as amended.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 11pt Times New Roman, Times, Serif; padding-right: -0.25in; padding-bottom: 11pt"><FONT STYLE="font-size: 11pt">2(b) &ndash; </FONT></TD>
    <TD STYLE="font: 11pt Times New Roman, Times, Serif; padding-right: -0.25in; padding-bottom: 11pt"><FONT STYLE="font-size: 11pt">There were no changes in the registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) that occurred during the registrant's last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant's internal control over financial reporting.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 11pt 42pt; text-indent: -42pt">Item 3 &ndash; Exhibits</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 11pt 42pt; text-indent: -6pt">Certifications &ndash; Attached hereto</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in">Pursuant to the requirements of the Securities Exchange
Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 41.75pt">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 11pt 42pt; text-indent: -6pt">BlackRock Investment Quality Municipal Trust, Inc.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 41.75pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 80%; font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; margin-left: 0.5in">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 6%; padding-right: -0.25in"><FONT STYLE="font-size: 11pt">By:</FONT></TD>
    <TD STYLE="width: 94%; padding-right: -0.25in"><FONT STYLE="font-size: 11pt"><U>/s/ John M. Perlowski</U></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: -0.25in">&nbsp;</TD>
    <TD STYLE="padding-right: -0.25in"><FONT STYLE="font-size: 11pt">John M. Perlowski</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: -0.25in">&nbsp;</TD>
    <TD STYLE="padding-right: -0.25in"><FONT STYLE="font-size: 11pt">Chief Executive Officer (principal executive officer) of</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: -0.25in">&nbsp;</TD>
    <TD STYLE="padding-right: -0.25in"><FONT STYLE="font-size: 11pt">BlackRock Investment Quality Municipal Trust, Inc.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 41.75pt">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 11pt 42pt; text-indent: -6pt">Date: September 24, 2013</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 41.75pt">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 11pt 36pt; text-indent: 0">Pursuant to the requirements of the Securities Exchange
Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the
registrant and in the capacities and on the dates indicated.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 41.75pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 80%; font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; margin-left: 0.5in">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 6%; padding-right: -0.25in"><FONT STYLE="font-size: 11pt">By:</FONT></TD>
    <TD STYLE="width: 94%; padding-right: -0.25in"><FONT STYLE="font-size: 11pt"><U>/s/ John M. Perlowski</U></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: -0.25in">&nbsp;</TD>
    <TD STYLE="padding-right: -0.25in"><FONT STYLE="font-size: 11pt">John M. Perlowski</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: -0.25in">&nbsp;</TD>
    <TD STYLE="padding-right: -0.25in"><FONT STYLE="font-size: 11pt">Chief Executive Officer (principal executive officer) of</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: -0.25in">&nbsp;</TD>
    <TD STYLE="padding-right: -0.25in"><FONT STYLE="font-size: 11pt">BlackRock Investment Quality Municipal Trust, Inc.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 41.75pt">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 11pt 42pt; text-indent: -6pt">Date: September 24, 2013</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 41.75pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 80%; font: 11pt Times New Roman, Times, Serif; border-collapse: collapse; margin-left: 0.5in">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 6%; padding-right: -0.25in"><FONT STYLE="font-size: 11pt">By:</FONT></TD>
    <TD STYLE="width: 94%; padding-right: -0.25in"><FONT STYLE="font-size: 11pt"><U>/s/ Neal J. Andrews</U></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: -0.25in">&nbsp;</TD>
    <TD STYLE="padding-right: -0.25in"><FONT STYLE="font-size: 11pt">Neal J. Andrews</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: -0.25in">&nbsp;</TD>
    <TD STYLE="padding-right: -0.25in"><FONT STYLE="font-size: 11pt">Chief Financial Officer (principal financial officer) of</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: -0.25in">&nbsp;</TD>
    <TD STYLE="padding-right: -0.25in"><FONT STYLE="font-size: 11pt">BlackRock Investment Quality Municipal Trust, Inc.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 41.75pt">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 11pt 42pt; text-indent: -6pt">Date: September 24, 2013</P>



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<DOCUMENT>
<TYPE>EX-99.CERT
<SEQUENCE>2
<FILENAME>e55472ex99cert.htm
<DESCRIPTION>CERTIFICATION
<TEXT>
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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.25pt; text-indent: -0.25pt; background-color: White"><FONT STYLE="vertical-align: baseline"><B>EX-99.
CERT</B></FONT></P>

<P STYLE="font: 11pt Cambria; margin: 0; text-indent: 0in; background-color: White; border-bottom: Black 1pt solid"><B>CERTIFICATION
PURSUANT TO RULE 30a-2(a) UNDER THE 1940 ACT AND SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 11pt; text-indent: -0.25pt">I, John M. Perlowski, Chief Executive
Officer (principal executive officer) of BlackRock Investment Quality Municipal Trust, Inc., certify that:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 11pt; text-indent: 0in">1.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>I have reviewed this report on Form N-Q of BlackRock Investment Quality Municipal Trust, Inc.;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 11pt; text-indent: 0in">2.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>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;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 11pt; text-indent: 0in">3.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>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;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 11pt; text-indent: 0in">4.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>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:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 11pt 0.5in; text-indent: 0in">a)<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>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;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 11pt 0.5in; text-indent: 0in">b)<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>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;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 11pt 0.5in; text-indent: 0in">c)<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>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</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 11pt 0.5in; text-indent: 0in">d)<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>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</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 11pt; text-indent: 0in">5.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>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):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 11pt 0.5in; text-indent: 0in">a)<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>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</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 11pt 0.5in; text-indent: 0in">b)<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 11pt; text-indent: -0.25pt">Date: September 24, 2013</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><U>/s/ John M. Perlowski</U></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0pt"></TD><TD STYLE="width: 0pt"></TD><TD>John M. Perlowski</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: -0.25pt">Chief Executive Officer (principal executive
officer) of<BR>
BlackRock Investment Quality Municipal Trust, Inc.</P>


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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.25pt; text-indent: -0.25pt; background-color: White"><FONT STYLE="vertical-align: baseline"><B>EX-99.
CERT</B></FONT></P>

<P STYLE="font: 11pt Cambria; margin: 0; text-indent: 0in; background-color: White; border-bottom: Black 1pt solid"><B>CERTIFICATION
PURSUANT TO RULE 30a-2(a) UNDER THE 1940 ACT AND SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 11pt; text-indent: -0.25pt">I, Neal J. Andrews, Chief Financial
Officer (principal financial officer) of BlackRock Investment Quality Municipal Trust, Inc., certify that:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 11pt; text-indent: 0in">1.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>I have reviewed this report on Form N-Q of BlackRock Investment Quality Municipal Trust, Inc.;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 11pt; text-indent: 0in">2.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>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;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 11pt; text-indent: 0in">3.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>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;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 11pt; text-indent: 0in">4.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>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:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 11pt 0.5in; text-indent: 0in">a)<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>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;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 11pt 0.5in; text-indent: 0in">b)<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>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;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 11pt 0.5in; text-indent: 0in">c)<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>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</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 11pt 0.5in; text-indent: 0in">d)<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>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</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 11pt; text-indent: 0in">5.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>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):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 11pt 0.5in; text-indent: 0in">a)<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>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</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 11pt 0.5in; text-indent: 0in">b)<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 11pt; text-indent: -0.25pt">Date: September 24, 2013</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><U>/s/ Neal J. Andrews</U></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0pt"></TD><TD STYLE="width: 0pt"></TD><TD>Neal J. Andrews</TD></TR></TABLE>

<P STYLE="margin: 0">Chief Financial Officer (principal financial officer) of<BR>
BlackRock Investment Quality Municipal Trust, Inc.</P>



<P STYLE="margin: 0"></P>

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