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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000950136-07-000034.txt : 20070104
<SEC-HEADER>0000950136-07-000034.hdr.sgml : 20070104
<ACCEPTANCE-DATETIME>20070104131713
ACCESSION NUMBER:		0000950136-07-000034
CONFORMED SUBMISSION TYPE:	NTFNSAR
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20061031
FILED AS OF DATE:		20070104
DATE AS OF CHANGE:		20070104
EFFECTIVENESS DATE:		20070104

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BlackRock Long-Term Municipal Advantage Trust
		CENTRAL INDEX KEY:			0001343793
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		NTFNSAR
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-21835
		FILM NUMBER:		07508218

	BUSINESS ADDRESS:	
		STREET 1:		40 EAST 52ND STREET
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
		BUSINESS PHONE:		800-882-0052

	MAIL ADDRESS:	
		STREET 1:		40 EAST 52ND STREET
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BlackRock Municipal Advantage Income Trust
		DATE OF NAME CHANGE:	20051108
</SEC-HEADER>
<DOCUMENT>
<TYPE>NT-NSAR
<SEQUENCE>1
<FILENAME>file1.htm
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		<BR>
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		<BR>
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	  ALIGN="center">
		<BR>
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		UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549
	 </P>
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	  STYLE="line-height:15.4px; margin-top:0px; margin-bottom:37.933px"
	  ALIGN="center">
		FORM 12b-25
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	  ALIGN="center">
		Commission File Number 811-21835
	 </P>
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	  ALIGN="center">
		CUSIP Number 09250 B 10 3
	 </P>
	 <P
	  STYLE="line-height:15.4px; margin-top:0px; margin-bottom:12.533px"
	  ALIGN="center">
		NOTIFICATION OF LATE FILING
	 </P>
	 <P STYLE="line-height:15.2px; margin-top:0px; margin-bottom:12.533px">
		(Check One): |_| Form 10-K |_| Form 20-F |_| Form 11-K |_| Form 10-Q |X|
		Form N-SAR |_| Form N-CSR
	 </P>
	 <P
	  STYLE="line-height:15.2px; margin-top:0px; margin-bottom:25px; padding-left:72px">
		For Period Ended: October 31, 2006
	 </P>
	 <P
	  STYLE="line-height:15.2px; margin-top:0px; margin-bottom:12.533px; padding-left:72px">
		|_| Transition Report on Form 10-K<BR> |_| Transition Report on Form
		20-F<BR> |_| Transition Report on Form 11-K<BR> |_| Transition Report on Form
		10-Q<BR> |_| Transition Report on Form N-SAR<BR> |_| Transition Report on Form
		N-CSR<BR>
	 </P>
	 <P
	  STYLE="line-height:15.2px; margin-top:0px; margin-bottom:37.933px; padding-left:72px">
		For the Transition Period Ended:____________________________
	 </P>
	 <P
	  STYLE="line-height:14.667px; margin-top:0px; margin-bottom:12.533px; padding-right:32.2px; text-indent:48px">
		Read Attached Instruction Sheet Before Preparing Form. Please Print or
		Type.
	 </P>
	 <P
	  STYLE="line-height:14.667px; margin-top:0px; margin-bottom:37.933px; padding-right:16px; text-indent:48px">
		Nothing in this form shall be construed to imply that the Commission has
		verified any information contained herein.
	 </P>
	 <P
	  STYLE="line-height:14.867px; margin-top:0px; margin-bottom:25px; padding-right:8px; text-indent:48px">
		If the notification relates to a portion of the filing checked above,
		identify the Item(s) to which the notification relates:________________________

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		<BR>
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		<BR>
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		<BR>
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		<BR>
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		<BR> <BR>
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		<BR>
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		<BR>
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	 <P STYLE="line-height:15.4px; margin-top:0px; margin-bottom:25px"
	  ALIGN="center">
		PART I REGISTRANT INFORMATION
	 </P>
	 <P STYLE="line-height:15.2px; margin-top:0px; margin-bottom:12.533px">
		BlackRock Long-Term Municipal Advantage Trust
	 </P>
	 <P STYLE="line-height:15.2px; margin-top:0px; margin-bottom:12.533px">
		Full Name of Registrant
	 </P>
	 <P STYLE="margin-top:0px; margin-bottom:12.533px">
		Former Name if Applicable
	 </P>
	 <P STYLE="margin-top:0px; margin-bottom:12.533px">
		100 Bellevue Parkway
	 </P>
	 <P STYLE="margin-top:0px; margin-bottom:12.533px">
		Address of Principal Executive Office (Street and Number)
	 </P>
	 <P STYLE="margin-top:0px; margin-bottom:12.533px">
		Wilmington, Delaware 19809
	 </P>
	 <P STYLE="margin:0px">
		City, State and Zip Code
	 </P>
	 <P STYLE="line-height:15.4px; margin-top:0px; margin-bottom:25px"
	  ALIGN="center">
		<BR>
	 </P>
	 <P STYLE="line-height:15.4px; margin-top:0px; margin-bottom:25px"
	  ALIGN="center">
		PART II RULE 12b-25(b) AND (c)
	 </P>
	 <P
	  STYLE="line-height:14.667px; margin-top:0px; margin-bottom:25px; padding-right:24.2px; text-indent:48px">
		If the subject report could not be filed without unreasonable effort or
		expense and the registrant seeks relief pursuant to Rule 12b-25(b), the
		following should be completed. (Check box if appropriate) |X|
	 </P>
	 <P STYLE="margin:0px">
		(a) The reasons described in reasonable detail in Part III of this form
		could not be eliminated without unreasonable effort or expense;
	 </P>
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		<BR>
	 </P>
	 <P STYLE="margin:0px">
		(b) The subject annual report, semi-annual report, transition report on
		Form 10-K, Form 20-F, 11-K, Form N-SAR or Form N-CSR, or portion thereof will
		be filed on or before the 15th calendar day following the prescribed due date;
		or the subject quarterly report or transition report on Form 10-Q, or portion
		thereof will be filed on or before the fifth calendar day following the
		prescribed due date; and
	 </P>
	 <P STYLE="margin:0px">
		<BR>
	 </P>
	 <P STYLE="margin:0px">
		(c) The accountant's statement or other exhibit required by Rule
		12b-25(c) has been attached if applicable.
	 </P>
	 <P STYLE="margin:0px">
		<BR>
	 </P>
	 <P
	 STYLE="line-height:15.533px; margin-top:0px; margin-bottom:12.533px; padding-right:320px; text-indent:312px">
		2
	 </P>
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		<BR>
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		<BR>
	 </P>
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		<BR>
	 </P>
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		<BR>
	 </P>
	 <P STYLE="line-height:15.533px; margin-top:0px; margin-bottom:12.533px">
		<BR>
	 </P>
	 <P STYLE="line-height:15.533px; margin-top:0px; margin-bottom:12.533px">
		<BR>
	 </P>
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		<BR>
	 </P>
	 <P STYLE="margin:0px">
		<BR>
	 </P>
	 <PAGE>
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		<BR>
	 </P>
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		<BR>
	 </P>
	 <P STYLE="line-height:15.4px; margin-top:0px; margin-bottom:25px"
	 ALIGN="center">
		PART III NARRATIVE
	 </P>
	 <P
	 STYLE="line-height:14.667px; margin-top:0px; margin-bottom:12.533px; padding-right:16px; text-indent:48px">
		State below in reasonable detail the reasons why Forms 10-K, 20-F, 11-K,
		10-Q, N-SAR, N-CSR or the transition report or portion thereof could not be
		filed within the prescribed time period. (Attach extra sheets if needed.)
	 </P>
	 <P
	 STYLE="line-height:15.067px; margin-top:0px; margin-bottom:12.533px; text-indent:48px">
		Additional time is required to prepare a complete and accurate filing as
		a result of a recent determination that certain transfers of municipal
		securities by the Fund, previously accounted for as sales, do not qualify for
		sale treatment and should be accounted for as secured borrowings. &nbsp;The
		Fund's Form N-SAR will be completed and filed with the Securities and Exchange
		Commission as soon as practicable.
	 </P>
	 <P STYLE="line-height:15.4px; margin-top:0px; margin-bottom:57.4px"
	  ALIGN="center">
		PART IV OTHER INFORMATION
	 </P>
	 <P STYLE="margin:0px" ALIGN="center">
		<BR>
	 </P>
	 <P
	  STYLE="margin-top:0px; margin-bottom:12.533px; padding-right:47.867px; text-indent:48px">
		(1) Name and telephone number of person to contact in regard to this
		notification.
	 </P>
	 <P STYLE="line-height:15.2px; margin-top:0px; margin-bottom:12.533px">
		Neal Andrews (302) 797-6179
	 </P>
	 <P STYLE="line-height:15.2px; margin-top:0px; margin-bottom:12.533px">
		(Name) (Area code) (Telephone number)
	 </P>
	 <P STYLE="margin:0px; text-indent:48px">
		(2) Have all other periodic reports required under Section 13 or 15(d) of
		the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act
		of 1940 during the preceding 12 months or for such shorter period that the
		registrant was required to file such report(s) been filed? If answer is no,
		identify report(s).
	 </P>
	 <P STYLE="margin:0px">
		<BR>
	 </P>
	 <P STYLE="margin:0px; text-indent:48px">
		|X| Yes |_| No
	 </P>
	 <P STYLE="margin:0px">
		<BR>
	 </P>
	 <P STYLE="margin:0px">
		(3) Is it anticipated that any significant change in results of
		operations from the corresponding period for the last fiscal year will be
		reflected by the earnings statements to be included in the subject report or
		portion thereof?
	 </P>
	 <P STYLE="margin:0px">
		<BR>
	 </P>
	 <P
	  STYLE="line-height:14.867px; margin-top:0px; margin-bottom:12.533px; padding-right:8px; text-indent:48px">
		|_| Yes |X| No
	 </P>
	 <P
	  STYLE="line-height:14.667px; margin-top:0px; margin-bottom:25px; padding-right:16px; text-indent:48px">
		If so, attach an explanation of the anticipated change, both narratively
		and quantitatively, and, if appropriate, state the reasons why a reasonable
		estimate of the results cannot be made.
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		3
	 </P>
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		<BR>
	 </P>
	 <P STYLE="line-height:18.667px; margin:0px; font-size:16px" ALIGN="center">
		<FONT FACE="Times New Roman">&nbsp;</FONT>
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		<BR>
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		<BR>
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		<BR>
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		<BR>
	 </P>
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		<BR>
	 </P>
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		<BR>
	 </P>
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		<BR>
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		<TR>
		  <TD WIDTH="5%"></TD>
		  <TD WIDTH="45%"></TD>
		  <TD WIDTH="7%"></TD>
		  <TD WIDTH="43%"></TD>
		</TR>
		<TR>
		  <TD VALIGN="top" WIDTH="5%">
			 <P STYLE="margin:0px">
				Date
			 </P>
		  </TD>
		  <TD VALIGN="top" WIDTH="45%">
			 <P STYLE="margin:0px">
				January 3, 2007
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		  </TD>
		  <TD VALIGN="top" WIDTH="7%">
			 <P STYLE="margin:0px" ALIGN="center">
				By
			 </P>
		  </TD>
		  <TD VALIGN="top" WIDTH="43%">
			 <P STYLE="margin:0px">
				/s/ Neal Andrews
			 </P>
		  </TD>
		</TR>
		<TR>
		  <TD VALIGN="top" WIDTH="5%">
			 <P STYLE="font-size:2pt">
				&nbsp;
			 </P>
		  </TD>
		  <TD VALIGN="bottom" WIDTH="45%">
			 <P STYLE="font-size:2pt">
				&nbsp;
			 </P>
		  </TD>
		  <TD VALIGN="top" WIDTH="7%">
			 <P STYLE="font-size:2pt">
				&nbsp;
			 </P>
		  </TD>
		  <TD VALIGN="bottom" WIDTH="43%">
			 <P STYLE="font-size:2pt">
				&nbsp;
			 </P>
		  </TD>
		</TR>
		<TR>
		  <TD VALIGN="top" WIDTH="5%">
			 <P STYLE="font-size:2pt">
				&nbsp;
			 </P>
		  </TD>
		  <TD VALIGN="top" WIDTH="45%">
			 <P STYLE="font-size:2pt">
				&nbsp;
			 </P>
		  </TD>
		  <TD VALIGN="top" WIDTH="7%">
			 <P STYLE="font-size:2pt">
				&nbsp;
			 </P>
		  </TD>
		  <TD WIDTH="43%">
			 <P STYLE="margin:0px">
				Neal Andrews
			 </P>
		  </TD>
		</TR>
		<TR>
		  <TD VALIGN="top" WIDTH="5%">
			 <P STYLE="font-size:2pt">
				&nbsp;
			 </P>
		  </TD>
		  <TD VALIGN="top" WIDTH="45%">
			 <P STYLE="font-size:2pt">
				&nbsp;
			 </P>
		  </TD>
		  <TD VALIGN="top" WIDTH="7%">
			 <P STYLE="font-size:2pt">
				&nbsp;
			 </P>
		  </TD>
		  <TD VALIGN="bottom" WIDTH="43%">
			 <P STYLE="margin:0px">
				Assistant Treasurer
			 </P>
		  </TD>
		</TR>
	 </TABLE>
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		<BR>
	 </P>
	 <P STYLE="margin:0px; padding-left:312px">
		<FONT FACE="Times New Roman">4 </FONT>
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		<BR> <BR>
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