August 1, 2008

Dear Shareholder:

A joint annual meeting of the BlackRock closed-end funds listed in Appendix A to the enclosed proxy statement (each a “Fund”) will be held at the offices of BlackRock Advisors, LLC, Park Avenue Plaza, 55 East 52nd Street, 11th Floor, New York, New York 10055, on Friday, September 12, 2008, at 1:30 p.m. (Eastern time), to vote on the proposal discussed in the enclosed proxy statement.

The purpose of the meeting is to seek shareholder approval of nominees to the board of directors or trustees (each a “Board,” the members of which are referred to as “Board Members”) of each Fund. At a meeting of the Boards held on May 29-30, 2008, each Board approved the proposed nominees on behalf of its Fund, subject to approval by the Fund’s shareholders. The Boards have reviewed the qualifications and backgrounds of the nominees and believe that they are experienced in overseeing investment companies and are familiar with the Funds and their investment advisers and that their election is in your best interests.

The Board Members responsible for your Fund recommend that you vote “FOR” the nominees for your Fund. However, before you vote, please read the full text of the proxy statement for an explanation of the proposal.

Your vote is important. Even if you plan to attend and vote in person at the meeting, please promptly follow the enclosed instructions to submit voting instructions by telephone or over the Internet. Alternatively, you may submit voting instructions by signing and dating each proxy card you receive, and if received by mail, returning it in the accompanying postage-paid return envelope.

You have received this proxy statement because you were a shareholder of record on July 14, 2008 of at least one of the Funds listed in Appendix A. Certain other BlackRock closed-end funds not listed in Appendix A will also hold their annual meeting at the place and date stated above. If you were also a shareholder of record on July 14, 2008 of at least one of those other funds, you will receive a separate proxy statement relating to those funds. If you have any questions about the proposal to be voted on, please call The Altman Group, Inc. at 1-800-820-2412.

Sincerely,

Howard B. Surloff
Secretary of the Funds

BlackRock Closed-End Funds
100 Bellevue Parkway Wilmington, DE 19809 (800) 441-7762


IMPORTANT NEWS
FOR FUND SHAREHOLDERS

     While we encourage you to read the full text of the enclosed proxy statement, for your convenience we have provided a brief overview of the matters to be voted on.

Questions and Answers

Q.      Why am I receiving the proxy statement?
 
A.      Each Fund is required to hold an annual meeting of shareholders for the election of Board Members. This proxy statement describes the nominees to the Board of the Fund(s) in which you own shares and provides you with other information relating to the meeting. The enclosed proxy card(s) indicate the Fund(s) in which you own shares. The table beginning on page 3 of the proxy statement identifies the nominees for each Fund.
 
Q.      How do the Boards of the Funds recommend that I vote?
 
A.      The Boards have reviewed the qualifications and backgrounds of the nominees and believe that they are experienced in overseeing investment companies and are familiar with the Funds and their investment advisers. The Boards have approved the nominees named in the proxy statement, believe their election is in your best interests and recommend that you vote “FOR” each nominee.
 
Q.      Will my vote make a difference?
 
A.      Your vote is very important and can make a difference in the governance and management of the Funds, no matter how many shares you own. Your vote can help ensure that the nominees recommended by the Boards will be elected. We encourage all shareholders to participate in the governance of their Funds.
 
Q.      Are the Funds paying for the cost of the proxy statement?
 
A.      The costs associated with the proxy statement, including the mailing and the proxy solicitation costs, will be borne by the Funds. Additional out-of-pocket costs, such as legal expenses and auditor fees, incurred in connection with the preparation of the proxy statement, also will be borne by the Funds. Costs that are borne by the Funds collectively will be allocated among the Funds on the basis of a combination of their respective net assets and number of shareholder accounts, except when direct costs can reasonably be attributed to one or more specific Funds.
 
  The Funds and BlackRock, Inc. have retained The Altman Group, Inc. (“Altman”), 60 East 42nd Street, Suite 405, New York, New York 10165, a proxy solicitation firm, to assist in the printing and distribution of proxy materials and the solicitation and tabulation of proxies. In addition, Broadridge Financial Solutions, Inc. (“Broadridge”), 51 Mercedes Way, Edgewood, New York 11717, will assist the Funds in the distribution of proxy materials. It is anticipated that Altman and Broadridge will be paid approximately $35,001 and $552,210, respectively, for such services (including reimbursements of out-of-pocket expenses).
 
Q.      Whom do I call if I have questions?
 
A.      If you need more information, or have any questions about voting, please call Altman, the Funds’ proxy solicitor, at 1-800-820-2412.
 
Q.      How do I vote my shares?
 
A.      You can provide voting instructions by telephone by calling the toll-free number on the proxy card(s) or by computer by going to the Internet address provided on the Notice of Internet Availability of Proxy Materials or proxy card(s) and following the instructions. Alternatively, if you received your proxy card(s) by mail, you can vote your shares by signing and dating the proxy card(s) and mailing it in the enclosed postage-paid envelope.
 
  You may also attend the meeting and vote in person; however, even if you intend to do so, we encourage you to provide voting instructions by one of the methods discussed above.
 

Please vote now. Your vote is important.

To avoid the wasteful and unnecessary expense of further solicitation, we urge you to indicate your voting instructions on the proxy card(s), and if received by mail, date and sign it and return it promptly in the envelope provided, or record your voting instructions by telephone or via the Internet, no matter how large or small your holdings may be. If your shares are held through a broker, you must provide voting instructions to your broker about how to vote your shares in order for your broker to vote your shares as you instruct at the meeting.








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August 1, 2008

NOTICE OF ANNUAL MEETING OF SHAREHOLDERS
TO BE HELD ON SEPTEMBER 12, 2008

Annual meetings of the shareholders of the funds identified below (each a “Fund”) will be held at the offices of BlackRock Advisors, LLC, Park Avenue Plaza, 55 East 52nd Street, 11th Floor, New York, New York 10055, on Friday, September 12, 2008, at 1:30 p.m. (Eastern time), to consider and vote on the proposal, as more fully described in the accompanying joint proxy statement:

PROPOSAL 1. To elect nominees to the Board of your Fund(s).
   
PROPOSAL 2. To transact such other business as may properly come before the meeting or any adjournments or postponements thereof.

Your Board recommends that you vote “FOR” the nominees upon which you are being asked to vote.

Shareholders of record as of the close of business on July 14, 2008 are entitled to vote at the meeting and at any adjournments or postponements thereof.

If you own shares in more than one Fund as of July 14, 2008, you may receive more than one proxy card. Please be certain to sign, date and return each proxy card you receive.

By Order of the Boards,

Howard B. Surloff
Secretary of the Funds

BlackRock Closed-End Funds
100 Bellevue Parkway Wilmington, DE 19809 (800) 441-7762


BlackRock Closed-End Funds
Holding Annual Meetings of Shareholders on September 12, 2008

Name of Fund
Ticker
BlackRock Senior High Income Fund, Inc. ARK
BlackRock Enhanced Capital and Income Fund, Inc. CII
BlackRock Corporate High Yield Fund, Inc. COY
BlackRock Corporate High Yield Fund III, Inc. CYE
BlackRock Debt Strategies Fund, Inc. DSU
BlackRock Diversified Income Strategies Fund, Inc. DVF
BlackRock Enhanced Equity Yield & Premium Fund, Inc. ECV
BlackRock Enhanced Equity Yield Fund, Inc. EEF
BlackRock Enhanced Government Fund, Inc. EGF
BlackRock Floating Rate Income Strategies Fund, Inc. FRA
BlackRock Floating Rate Income Strategies Fund II, Inc. FRB
BlackRock Corporate High Yield Fund VI, Inc. HYT
BlackRock Corporate High Yield Fund V, Inc. HYV
BlackRock MuniYield California Insured Fund, Inc. MCA
BlackRock MuniEnhanced Fund, Inc. MEN
BlackRock MuniHoldings Florida Insured Fund MFL
BlackRock MuniYield Florida Insured Fund MFT
BlackRock MuniHoldings Fund, Inc. MHD
The Massachusetts Health & Education Tax-Exempt Trust MHE
BlackRock MuniHoldings New York Insured Fund, Inc. MHN
BlackRock MuniYield Michigan Insured Fund, Inc. MIY
BlackRock MuniYield New Jersey Insured Fund, Inc. MJI
BlackRock Muni New York Intermediate Duration Fund, Inc. MNE
BlackRock MuniYield Pennsylvania Insured Fund MPA
BlackRock MuniYield Quality Fund II, Inc. MQT
BlackRock MuniYield Quality Fund, Inc. MQY
BlackRock MuniHoldings California Insured Fund, Inc. MUC
BlackRock MuniHoldings Insured Fund II, Inc. MUE
BlackRock MuniHoldings Fund II, Inc. MUH
BlackRock Muni Intermediate Duration Fund, Inc. MUI
BlackRock MuniHoldings New Jersey Insured Fund, Inc. MUJ
BlackRock MuniHoldings Insured Fund, Inc. MUS
BlackRock MuniVest Fund, Inc. MVF
BlackRock MuniVest Fund II, Inc. MVT
BlackRock MuniYield California Fund, Inc. MYC
BlackRock MuniYield Fund, Inc. MYD
BlackRock MuniYield Florida Fund MYF
BlackRock MuniYield Insured Fund, Inc. MYI
BlackRock MuniYield New Jersey Fund, Inc. MYJ
BlackRock MuniYield Michigan Insured Fund II, Inc. MYM
BlackRock MuniYield New York Insured Fund, Inc. MYN
BlackRock MuniYield Arizona Fund, Inc. MZA
BlackRock Preferred and Corporate Income Strategies Fund, Inc. PSW
BlackRock Preferred Income Strategies Fund, Inc. PSY


TABLE OF CONTENTS

  Page
 
JOINT PROXY STATEMENT 1
SUMMARY OF PROPOSAL AND FUNDS VOTING 3
PROPOSAL 1 — TO ELECT BOARD MEMBER NOMINEES 4
   Vote Required And Manner of Voting Proxies 9
   Independent Registered Public Accounting Firm 10
   Additional Information 12
Appendix A — Fund Information A-1
Appendix B — Compensation of the Board Members B-1
Appendix C — Equity Securities owned by Board Members C-1
Appendix D — Meetings of the Boards D-1
Appendix E — Standing Committees of the Boards E-1
Appendix F — Audit Committee and Governance and Nominating Committee Charters F-1
Appendix G — Officers of the Funds G-1
Appendix H — Audit Fees, Audit Related Fees, Tax Fees and All Other Fees to  
   Independent Registered Public Accountants H-1
Appendix I — 5% Share Ownership I-1
Appendix J — Section 16 Filings J-1
Appendix K — Additional Section 16 Information K-1







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ANNUAL MEETING OF SHAREHOLDERS


SEPTEMBER 12, 2008


JOINT PROXY STATEMENT

     This joint proxy statement (the “Proxy Statement”) is furnished in connection with the solicitation of proxies by the board of directors or trustees (each a “Board,” the members of which are referred to as “Board Members”) of each BlackRock closed-end fund listed on page 3 of this Proxy Statement (each a “Fund”). The proxies will be voted at the joint annual meeting of shareholders of the Funds and at any and all adjournments or postponements thereof. The meeting will be held at the offices of BlackRock Advisors, LLC, Park Avenue Plaza, 55 East 52nd Street, 11th Floor, New York, New York 10055 on Friday, September 12, 2008, at 1:30 p.m. (Eastern time). The meeting will be held for the purposes set forth in the accompanying notice.

     The Boards of the Funds have determined that the use of this Proxy Statement for the meeting is in the best interests of the Funds and their shareholders in light of the similar matters being considered and voted on by the shareholders of each Fund. This Proxy Statement and the accompanying materials, or a Notice of Internet Availability of Proxy Materials, are being mailed to shareholders on or about August 1, 2008.

     Each Fund listed in Appendix A to this Proxy Statement is organized as a Massachusetts business trust (each, a “Massachusetts Trust”) or a Maryland corporation (each, a “Maryland Corporation”). The Massachusetts Trusts and Maryland Corporations are closed-end investment companies registered under the Investment Company Act of 1940 (the “1940 Act”). A list of each Massachusetts Trust and Maryland Corporation is set forth in Appendix A.

     Shareholders of record of a Fund as of the close of business on July 14, 2008 (the “Record Date”) are entitled to attend and to vote at that Fund’s meeting. Shareholders of the Funds are entitled to one vote for each share held, with no shares having cumulative voting rights. Holders of the auction market preferred stock, auction market preferred shares or auction preferred shares (collectively, “AMPS”) of each of the Funds identified in Appendix A (collectively, the “AMPS Funds”) will have equal voting rights with the shares of common stock or common shares of beneficial interest (collectively, “common shares”) of the AMPS Funds and, except as otherwise noted in the Proxy Statement, will vote together with the holders of common shares as a single class on each nominee to the Board of the AMPS Fund in which they own AMPS, except that they are entitled to vote separately as a class to elect two Board Members for each AMPS Fund in which they own AMPS. The quorum and voting requirements for each Fund are described in the section below entitled “Vote Required and Manner of Voting Proxies.”

     The number of shares outstanding of each Fund as of the close of business on the Record Date and the net assets of each Fund on the Record Date are shown in Appendix A. Except as set forth in Appendix I, to the knowledge of each Fund, as of May 31, 2008, no person was the beneficial owner of five percent or more of a class of a Fund’s outstanding shares.

     The Fund in which you owned shares on the Record Date is named on the proxy card or Notice of Internet Availability of Proxy Materials. If you owned shares in more than one Fund on the Record Date, you may receive more than one proxy card. Even if you plan to attend the meeting, please sign, date and return EACH proxy card you receive or if you provide voting instructions by telephone or over the Internet, please vote on the proposal affecting EACH Fund you own. If you vote by telephone or over the Internet, you will be asked to enter a unique code that has been assigned to you, which is printed on your proxy card(s) or Notice of Internet Availability of Proxy Materials, as applicable. This code is designed to confirm your identity, provide access into the voting site and confirm that your instructions are properly recorded.

1


     All properly executed proxies received prior to the meeting will be voted at the meeting. On any matter coming before the meeting as to which a shareholder has specified a choice on that shareholder’s proxy, the shares will be voted accordingly. If a proxy is properly executed and returned and no choice is specified with respect to the proposal, the shares will be voted “FOR” the proposal. Shareholders who execute proxies or provide voting instructions by telephone or the Internet may revoke them with respect to the proposal at any time before a vote is taken on the proposal by filing with the applicable Fund a written notice of revocation (addressed to the Secretary of the Fund at the principal executive offices of the Fund at the address above), by delivering a duly executed proxy bearing a later date or by attending the meeting and voting in person, in all cases prior to the exercise of the authority granted in the proxy card. Merely attending the meeting, however, will not revoke any previously executed proxy. If you hold shares through a bank or other intermediary, please consult your bank or intermediary regarding your ability to revoke voting instructions after such instructions have been provided.

     Certain other BlackRock closed-end funds not listed on page 3 will also hold their annual meeting at the place and date stated above. If you were also a shareholder of record on the Record Date of at least one of those other funds, you will receive a separate proxy statement relating to those funds.

     Photographic identification will be required for admission to the meeting.

     Each Fund will furnish, without charge, a copy of its annual report and most recent semi-annual report succeeding the annual report, if any, to a shareholder upon request. Such requests should be directed to the Fund at 40 East 52nd Street, New York, New York 10022-5911, or by calling toll free at 1-800-441-7762. Copies of annual and semi-annual reports of each Fund are also available on the EDGAR Database on the Securities and Exchange Commission’s Internet site at www.sec.gov.

     Please note that only one annual or semi-annual report or Proxy Statement or Notice of Internet Availability of Proxy Materials may be delivered to two or more shareholders of a Fund who share an address, unless the Fund has received instructions to the contrary. To request a separate copy of an annual report or semi-annual report or this Proxy Statement or Notice of Internet Availability of Proxy Materials, or for instructions as to how to request a separate copy of these documents or as to how to request a single copy if multiple copies of these documents are received, shareholders should contact the applicable Fund at the address and phone number set forth above.

YOUR VOTE IS IMPORTANT

To avoid the unnecessary expense of further solicitation, we urge you to indicate voting instructions on the enclosed proxy card, and if received by mail, date and sign it and return it promptly in the envelope provided, no matter how large or small your holdings may be. If you submit a properly executed proxy but do not indicate how you wish your shares to be voted, your shares will be voted "FOR" the proposal.

 

BlackRock Closed-End Funds
100 Bellevue Parkway Wilmington, DE 19809 (800) 441-7762

2


SUMMARY OF PROPOSAL AND FUNDS VOTING

The following table shows the Funds for which the nominees are standing for election.

Fund Name
Ticker
Nominees
Standing

for

Election(1)

AMPS
Nominees

Standing for

Election(2)

BlackRock Senior High Income Fund, Inc. ARK X  
BlackRock Enhanced Capital and Income Fund, Inc. CII X  
BlackRock Corporate High Yield Fund, Inc. COY X  
BlackRock Corporate High Yield Fund III, Inc. CYE X  
BlackRock Debt Strategies Fund, Inc. DSU X  
BlackRock Diversified Income Strategies Fund, Inc. DVF X  
BlackRock Enhanced Equity Yield & Premium Fund, Inc. ECV X  
BlackRock Enhanced Equity Yield Fund, Inc. EEF X  
BlackRock Enhanced Government Fund, Inc. EGF X  
BlackRock Floating Rate Income Strategies Fund, Inc. FRA X  
BlackRock Floating Rate Income Strategies Fund II, Inc. FRB X  
BlackRock Corporate High Yield Fund VI, Inc. HYT X  
BlackRock Corporate High Yield Fund V, Inc. HYV X  
BlackRock MuniYield California Insured Fund, Inc. MCA X X
BlackRock MuniEnhanced Fund, Inc. MEN X X
BlackRock MuniHoldings Florida Insured Fund MFL X X
BlackRock MuniYield Florida Insured Fund MFT X X
BlackRock MuniHoldings Fund, Inc. MHD X X
The Massachusetts Health & Education Tax-Exempt Trust MHE X X
BlackRock MuniHoldings New York Insured Fund, Inc. MHN X X
BlackRock MuniYield Michigan Insured Fund, Inc. MIY X X
BlackRock MuniYield New Jersey Insured Fund, Inc. MJI X X
BlackRock Muni New York Intermediate Duration Fund, Inc. MNE X X
BlackRock MuniYield Pennsylvania Insured Fund MPA X X
BlackRock MuniYield Quality Fund II, Inc. MQT X X
BlackRock MuniYield Quality Fund, Inc. MQY X X
BlackRock MuniHoldings California Insured Fund, Inc. MUC X X
BlackRock MuniHoldings Insured Fund II, Inc. MUE X X
BlackRock MuniHoldings Fund II, Inc. MUH X X
BlackRock Muni Intermediate Duration Fund, Inc. MUI X X
BlackRock MuniHoldings New Jersey Insured Fund, Inc. MUJ X X
BlackRock MuniHoldings Insured Fund, Inc. MUS X X
BlackRock MuniVest Fund, Inc. MVF X X
BlackRock MuniVest Fund II, Inc. MVT X X
BlackRock MuniYield California Fund, Inc. MYC X X
BlackRock MuniYield Fund, Inc. MYD X X
BlackRock MuniYield Florida Fund MYF X X
BlackRock MuniYield Insured Fund, Inc. MYI X X
BlackRock MuniYield New Jersey Fund, Inc. MYJ X X
BlackRock MuniYield Michigan Insured Fund II, Inc. MYM X X
BlackRock MuniYield New York Insured Fund, Inc. MYN X X
BlackRock MuniYield Arizona Fund, Inc. MZA X X
BlackRock Preferred and Corporate Income      
Strategies Fund, Inc. PSW X X
BlackRock Preferred Income Strategies Fund, Inc. PSY X X

(1)      The 13 Board Member nominees are: G. Nicholas Beckwith, III, Kent Dixon, R. Glenn Hubbard, W. Carl Kester, Robert S. Salomon, Jr., Richard S. Davis, Frank J. Fabozzi, James T. Flynn, Karen P. Robards, Richard E. Cavanagh, Kathleen F. Feldstein, Henry Gabbay and Jerrold B. Harris.
 
(2)      The AMPS Nominees are Frank J. Fabozzi and W. Carl Kester.
 

3


PROPOSAL 1: TO ELECT BOARD MEMBER NOMINEES

     The purpose of Proposal 1 is to elect Board Member nominees for each Fund.

     Nominees for each Fund. The Board of each Fund currently has 13 Board Members. Shareholders of each Fund will consider electing all 13 Board Member nominees at the meeting. Each Board Member elected at the meeting will serve until the later of 2009 or until his or her successor is elected and qualifies, or until his or her earlier death, resignation, retirement or removal.

     With respect to AMPS Funds, the owners of AMPS are entitled to vote as a separate class to elect two of the Board Members (the “AMPS Nominees”) for the AMPS Fund in which they own AMPS. This means that owners of common shares are not entitled to vote in connection with the election of the AMPS Nominees. However, except as described below for MVF, the owners of common shares and the owners of AMPS, voting together as a single class, are entitled to elect the remainder of the Board Member nominees. For MVF, the remainder of the Board Member nominees are elected exclusively by the common shareholders, voting as a separate class. Frank J. Fabozzi and W. Carl Kester are standing for election this year as the AMPS Nominees.

     Please refer to the table below which identifies the nominees, including any AMPS Nominees, for election to the Board of each Fund.

     Biographical Information. The table below sets forth certain biographical information about the nominees for all of the Funds in a single location. Unless otherwise indicated, the address of each Board Member is 40 East 52nd Street, New York, New York 10022. Each Board Member was nominated by the Governance and Nominating Committee of the Board of each respective Fund. Richard E. Cavanagh was selected to serve as the Chair and Karen P. Robards was selected to serve as the Vice Chair of each Board.

     Richard S. Davis and Henry Gabbay are “interested persons” (as defined in the 1940 Act) of the Funds by virtue of their current or former positions with BlackRock Advisors, LLC, BlackRock Capital Management, Inc. or BlackRock Financial Management, Inc. (collectively, “BlackRock Advisors”), each a wholly owned subsidiary of BlackRock, Inc. (“BlackRock”). All of the closed-end registered investment companies advised by BlackRock Advisors, including the Funds, are referred to collectively as the “Fund Complex.”

 Name, Address and
Year of Birth
    Position(s)
Held

with Funds
    Length of
Time Served*
    Principal Occupation(s)
During Past
Five Years
    Number of
BlackRock-
Advised Funds
and Portfolios
Overseen
    Public
Directorships






Non-Interested Directors        
Richard E. Cavanagh Director/ 2007 to Trustee, Aircraft Finance Trust since 113 Funds Arch Chemical
40 East 52nd Street Trustee present 1999; Director, The Guardian Life 110 Portfolios (chemical
New York, NY and   Insurance Company of America since   and allied
10022 Chairman of   1998; Chairman and Trustee,   products)
  the Boards   Educational Testing Service since    
1946     1997; Director, The Fremont Group    
      since 1996; Formerly President and    
      Chief Executive Officer of The    
      Conference Board, Inc. (global    
      business research organization) from    
      1995 to 2007.    
 
Karen P. Robards Director/ 2007 to Partner of Robards & Company, LLC 112 Funds AtriCure, Inc.
40 East 52nd Street Trustee and present (financial advisory firm) since 1987; 109 Portfolios (medical
New York, NY Vice Chair of   Co-founder and Director of the Cooke   devices); Care
10022 the Boards   Center for Learning and Development   Investment
  and   (a not-for-profit organization) since   Trust, Inc.
1950 Chairperson   1987; Formerly Director of Enable   (health care
  of the Audit   Medical Corp. from 1996 to 2005;   REIT)
  Committee   Formerly an investment banker at    
      Morgan Stanley from 1976 to 1987.    

4


 Name, Address and
Year of Birth
      Position(s)
Held
with Funds
      Length of
Time Served*
      Principal Occupation(s)
During Past
Five Years
      Number of
BlackRock-
Advised Funds
and Portfolios
Overseen
      Public
Directorships






G. Nicholas Director/ 2007 to Chairman and Chief Executive Officer, 112 Funds None
Beckwith, III Trustee present Arch Street Management, LLC 109  
40 East 52nd Street     (Beckwith Family Foundation) and Portfolios  
New York, NY     various Beckwith property companies    
10022     since 2005; Chairman of the Board of    
      Directors, University of Pittsburgh    
1945     Medical Center since 2002; Board of    
      Directors, Shady Side Hospital    
      Foundation since 1977; Board of    
      Directors, Beckwith Institute for    
      Innovation In Patient Care since    
      1991; Member, Advisory Council on    
      Biology and Medicine, Brown    
      University since 2002; Trustee,    
      Claude Worthington Benedum    
      Foundation (charitable foundation)    
      since 1989; Board of Trustees,    
      Chatham College since 1981;    
      Board of Trustees, University of    
      Pittsburgh since 2002; Emeritus    
      Trustee, Shady Side Academy since    
      1977; Formerly Chairman and    
      Manager, Penn West Industrial    
      Trucks LLC (sales, rental and    
      servicing of material handling    
      equipment) from 2005 to 2007;    
      Formerly Chairman, President and    
      Chief Executive Officer, Beckwith    
      Machinery Company (sales, rental    
      and servicing of construction and    
      equipment) from 1985 to 2005;    
      Formerly Board of Directors,    
      National Retail Properties (REIT)    
      from 2006 to 2007.    
 
Kent Dixon Director/ 2007 to Consultant/Investor since 1988. 113 Funds None
40 East 52nd Trustee present   110  
Street and Member     Portfolios  
New York, NY of the Audit        
10022 Committee        
 
1937          
 
Frank J. Fabozzi (1) Director/ 2007 to Consultant/Editor of The Journal of 113 Funds None
40 East 52nd Trustee present Portfolio Management since 2006; 110  
Street and Member   Professor in the Practice of Finance Portfolios  
New York, NY of the Audit   and Becton Fellow, Yale University,    
10022 Committee   School of Management, since    
      2006; Formerly Adjunct Professor    
1948     of Finance and Becton Fellow, Yale    
      University from 1994 to 2006.    

5


 Name, Address and
Year of Birth
      Position(s)
Held
with Funds
      Length of
Time Served*
      Principal Occupation(s)
During Past
Five Years
      Number of
BlackRock-
Advised Funds
and Portfolios
Overseen
      Public
Directorships






Kathleen F. Director/ 2007 to President of Economics Studies, 113 Funds The
Feldstein Trustee present Inc. (private economic consulting 110 McClatchy
40 East 52nd     firm) since 1987; Chair, Board of Portfolios Company
Street     Trustees, McLean Hospital since   (publishing)
New York, NY     2000; Member of the Corporation    
10022     of Partners Community Healthcare,    
      Inc. since 2005; Member of the    
1941     Corporation of Partners HealthCare    
      since 1995; Member of the    
      Corporation of Sherrill House    
      (health care) since 1990; Trustee,    
      Museum of Fine Arts, Boston since    
      1992; Member of the Visiting    
      Committee to the Harvard    
      University Art Museum since 2003;    
      Trustee, The Committee for    
      Economic Development (research    
      organization) since 1990; Member    
      of the Advisory Board to the    
      International School of Business,    
      Brandeis University since 2002;    
      Formerly Director of Bell South    
      (communications) from 1998 to    
      2006; Formerly Director of Ionics    
      (water purification) from 1992 to    
      2005; Formerly Director of John    
      Hancock Financial Services from    
      1994 to 2003; Formerly Director of    
      Knight Ridder (media) from 1998 to    
      2006.    
 
James T. Flynn Director/ 2007 to Formerly Chief Financial Officer of 112 Funds None
40 East 52nd Trustee present JP Morgan & Co., Inc. from 1990 to 109  
Street and Member   1995. Portfolios  
New York, NY of the Audit        
10022 Committee        
 
1939          
 
Jerrold B. Harris Director/ 2007 to Trustee, Ursinus College since 112 Funds BlackRock-
40 East 52nd Trustee present 2000; Director, Troemner LLC 109 Kelso Capital
Street     (scientific equipment) since 2000. Portfolios Corp.
New York, NY          
10022          
 
1942          
 
R. Glenn Hubbard Director/ 2007 to Dean of Columbia Business School 113 Funds ADP (data
40 East 52nd Trustee present since 2004; Columbia faculty 110 and
Street     member since 1988; Formerly Co- Portfolios information
New York, NY     Director of Columbia Business   services),
10022     School’s Entrepreneurship Program   KKR Financial
      from 1997 to 2004; Visiting   Corporation
1958     Professor at the John F. Kennedy   (finance),
      School of Government at Harvard   Duke Realty
      University and the Harvard   (real estate),
      Business School since 1985 and   Metropolitan
      at the University of Chicago since   Life Insurance
      1994; Formerly Chairman of the   Company
      U.S. Council of Economic Advisers   (insurance),
      under the President of the United   Information
      States from 2001 to 2003.   Services
          Group
          (media/
          technology)

6


 Name, Address and
Year of Birth
      Position(s)
Held
with Funds
      Length of
Time Served*
      Principal Occupation(s)
During Past
Five Years
      Number of
BlackRock-
Advised Funds
and Portfolios
Overseen
      Public
Directorships






W. Carl Kester (1) Director/ 2007 to Mizuho Financial Group Professor 112 Funds None
40 East 52nd Trustee and present of Finance, Harvard Business 109  
Street Member of   School; Deputy Dean for Academic Portfolios  
New York, NY the Audit   Affairs since 2006; Unit Head,    
10022 Committee   Finance, Harvard Business School    
      from 2005 to 2006; Senior    
1951     Associate Dean and Chairman of    
      the MBA Program of Harvard    
      Business School from 1999 to    
      2005; Member of the faculty of    
      Harvard Business School since    
      1981; Independent Consultant    
      since 1978.    
 
Robert S. Director/ 2007 to Formerly Principal of STI 112 Funds None
Salomon, Jr. Trustee and present Management LLC (investment 109  
40 East 52nd Member of   adviser) from 1994 to 2005. Portfolios  
Street the Audit        
New York, NY Committee        
10022          
 
1936          
 
Interested Directors        
Richard S. Davis Director/ 2007 to Managing Director, BlackRock, Inc. 185 Funds None
40 East 52nd Trustee present since 2005; Formerly Chief 295  
Street     Executive Officer, State Street Portfolios  
New York, NY     Research & Management Company    
10022     from 2000 to 2005; Formerly    
      Chairman of the Board of Trustees,    
1945     State Street Research Mutual    
      Funds from 2000 to 2005;    
      Formerly Chairman, SSR Realty    
      from 2000 to 2004.    
 
Henry Gabbay Director/ 2007 to Consultant, BlackRock, Inc. since 184 Funds None
40 East 52nd Trustee present 2007; Formerly Managing Director, 294  
Street     BlackRock, Inc. from 1989 to Portfolios  
New York, NY     2007; Formerly Chief Administrative    
10022     Officer, BlackRock Advisors, LLC    
      from 1998 to 2007; Formerly    
1947     President of BlackRock Funds and    
      BlackRock Bond Allocation Target    
      Shares from 2005 to 2007;    
      Formerly Treasurer of certain    
      closed-end funds in the BlackRock    
      fund complex from 1989 to 2006.    

* Following the combination of Merrill Lynch Investment Managers, L.P. (“MLIM”) and BlackRock in September 2006, the various legacy MLIM and legacy BlackRock fund boards were realigned and consolidated into three new fund boards in 2007. As a result, although the chart shows certain Board Members as joining the Boards in 2007, each Board Member first became a member of the board of directors/trustees of other legacy MLIM or legacy BlackRock funds as follows: G. Nicholas Beckwith, III since 1999; Richard E. Cavanagh since 1994; Kent Dixon since 1988; Frank J. Fabozzi since 1988; Kathleen F. Feldstein since 2005; James T. Flynn since 1996; Jerrold B. Harris since 1999; R. Glenn Hubbard since 2004; W. Carl Kester since 1998; Karen P. Robards since 1998 and Robert S. Salomon, Jr. since 1996. Board Members serve until their resignation, removal or death, or until December 31 of the year in which they turn 72.
   

Messrs. Davis and Gabbay are both “interested persons,” as defined in the 1940 Act, of the Funds based on their positions with BlackRock and its affiliates.

   
(1) AMPS Nominee.

    Compensation. Information relating to compensation paid to Board Members who are not “interested persons,” as defined in the 1940 Act, (the “Independent Board Members”) for each Fund’s most recent fiscal year is set forth in Appendix B.

7


     Equity Securities Owned by the Board Members. Information relating to the amount of equity securities owned by the Board Members in the Funds that they are nominated to oversee, as well as certain other funds in the Fund Complex, as of May 31, 2008 is set forth in Appendix C.

     Attendance of Board Members at Annual Shareholders’ Meetings. It is the policy of all the Funds to encourage Board Members to attend the annual shareholders’ meeting. All of the Board Members of each Fund attended last year’s annual shareholder’s meeting.

     Board Meetings. Information relating to the number of times that the Boards met during each Fund’s most recent fiscal year is set forth in Appendix D.

     Standing Committees of the Boards. Information relating to the various standing committees of the Boards is set forth in Appendix E.

     In addition to the standing committees identified in Appendix E, the Boards of the AMPS Funds established an Ad Hoc Committee on AMPS (the “AMPS Committee”) in March 2008. The current members of the AMPS Committee are: Richard E. Cavanagh, Frank J. Fabozzi, Henry Gabbay, W. Carl Kester and Karen P. Robards. Since February 2008, most auction rate preferred shares, including the AMPS, have been unable to hold successful auctions and AMPS holders have suffered reduced liquidity. The AMPS Committee was formed for the purpose of monitoring issues arising from this recent market turmoil and overseeing efforts to provide liquidity to the AMPS holders. The AMPS Committee has met eight times since its formation. To date, the BlackRock closed-end funds, including the AMPS Funds, that have issued auction market preferred shares have redeemed more than $2.4 billion of these shares, which represents approximately 25% of all auction market preferred shares outstanding for the BlackRock closed-end funds. In addition to these redemptions, the AMPS Funds are currently exploring alternative forms of leverage in order to provide liquidity to holders of AMPS, including the development of a put feature for the AMPS or issuing a new form of preferred stock that includes a put feature, which would make each eligible for purchase by money market funds.

    Compliance with Section 16(a) of the Securities Exchange Act of 1934 (the “Exchange Act”). Section 16(a) of the Exchange Act requires the Funds’ directors/trustees, executive officers, persons who own more than ten percent of a registered class of a Fund’s equity securities, BlackRock Advisors and certain officers of BlackRock Advisors, to file reports on holdings of, and transactions in, Fund shares with the Securities and Exchange Commission (“SEC”) and to furnish the Funds with copies of all such reports. Based solely on a review of copies of such reports furnished to the relevant Fund and representations from these reporting persons, each Fund believes that its directors/trustees, executive officers, ten percent holders, BlackRock Advisors and certain officers of BlackRock Advisors met all applicable SEC filing requirements except for late Forms 3 and 4 relating to the Fund’s most recently concluded fiscal year, as listed in Appendix J for Funds with a fiscal year end of June 30 or earlier, or relating to the period between the close of the Fund’s most recently concluded fiscal year and the date of this Proxy Statement, as listed in Appendix K for Funds with a fiscal year end after June 30.

     Additionally, based on a review of copies of such reports furnished to the relevant Fund and representations from these reporting persons, each municipal fixed income Fund believes that Peter Hayes, an officer of BlackRock Advisors required to file reports under Section 16(a), met all applicable SEC filing requirements except for the late Forms 3 relating to the Fund’s most recently concluded fiscal year, or relating to the period between the close of the Fund’s most recently concluded fiscal year and the date of this Proxy Statement, as applicable.

     These late filings were primarily due to an administrative oversight following BlackRock’s acquisition of Merrill Lynch Investment Managers, L.P. and the subsequent integration of back-office systems.

     Officers of the Funds. Information about the officers of each Fund, including their year of birth and their principal occupations during the past five years, is set forth in Appendix G.

     Indemnification of Board Members and Officers. The governing documents of each Fund generally provide that, to the extent permitted by applicable law, the Fund will indemnify its Board Members and officers against liabilities and expenses incurred in connection with litigation in which they may be involved because of their offices with the Fund unless, as to liability to the Fund or its investors, it is finally adjudicated that they engaged in willful misfeasance, bad faith, gross

8


negligence or reckless disregard of the duties involved in their offices. In addition, the Fund will not indemnify Board Members with respect to any matter as to which Board Members did not act in good faith in the reasonable belief that his or her action was in the best interest of the Fund or, in the case of any criminal proceeding, as to which Board Members did not have reasonable cause to believe that the conduct was unlawful. Indemnification provisions contained in a Fund’s governing documents are subject to any limitations imposed by applicable law.

     The funds in the Fund Complex have also entered into a separate indemnification agreement with the Board Members of each Board (the “Indemnification Agreement”). The Indemnification Agreement (i) extends the indemnification provisions contained in a fund’s governing documents to Board Members who leave that fund’s Board and serve on an advisory board of a different fund in the Fund Complex; (ii) sets in place the terms of the indemnification provisions of a fund’s governing documents once a Board Member retires from a Board and (iii) in the case of Board Members who left the Board of a fund in connection with or prior to the Board consolidation that occurred last year as a result of the merger of BlackRock and Merrill Lynch & Co., Inc.’s investment management business, clarifies that that fund continues to indemnify the Board Member for claims arising out of his or her past service to that fund.

     Your Board recommends that you vote “FOR” the election of each nominee to the Board of your Fund(s).

VOTE REQUIRED AND MANNER OF VOTING PROXIES

     A quorum of shareholders is required to take action at each meeting. For CII, CYE, DSU, DVF, ECV, EEF, EGF, FRA, FRB, HYT, HYV, MHD, MHN, MNE, MUC, MUE, MUH, MUI, MUJ, MUS, PSW and PSY, the holders of 1/3 of the shares entitled to vote on any matter at a meeting present in person or by proxy shall constitute a quorum for purposes of conducting business on such matter. For the remainder of the Funds, the holders of a majority of the shares entitled to vote on any matter at a meeting present in person or by proxy shall constitute a quorum for purposes of conducting business on such matter. Except for the Funds listed in the next sentence, the affirmative vote of a plurality of the shares present for each Fund at the meeting at which a quorum is present and entitled to vote on a nominee is necessary to approve the respective nominee under Proposal 1 for each respective Fund. For MFL, MFT, MHE, MPA and MYF, the affirmative vote of a majority of shares present for such Funds at the meeting at which a quorum is present and entitled to vote on a nominee is necessary to approve the respective nominee under Proposal 1 for each respective Fund.

     Votes cast by proxy or in person at each meeting will be tabulated by the inspectors of election appointed for that meeting. The inspectors of election, who may be employees of a Fund, will determine whether or not a quorum is present at the meeting. The inspectors of election will treat abstentions and “broker non-votes” as present for purposes of determining a quorum. Broker non-votes occur when shares held by brokers or nominees, typically in “street name,” as to which proxies have been returned but (a) voting instructions have not been received from the beneficial owners or persons entitled to vote and (b) the broker or nominee does not have discretionary voting power or elects not to exercise discretion on a particular matter. Shares of AMPS of any Fund held in “street name” may be counted for purposes of establishing a quorum of that Fund if no instructions are received one business day before the applicable meeting or, if adjourned, one business day before the day to which the meeting is adjourned.

     If you hold your shares directly (not through a broker-dealer, bank or other financial institution) and if you return a properly executed proxy card that does not specify how you wish to vote on a proposal, your shares will be voted “FOR” the Board Member nominees in Proposal 1.

     Broker-dealer firms holding shares of a Fund in “street name” for the benefit of their customers and clients will request the instructions of such customers and clients on how to vote their shares on Proposal 1 before the meetings. The Funds understand that, under the rules of the New York Stock Exchange (the “NYSE”), such broker-dealer firms may, without instructions from their

9


customers and clients, grant authority to the proxies designated to vote on the election of Board Member nominees in Proposal 1 if no instructions have been received prior to the date specified in the broker-dealer firm’s request for voting instructions. A properly executed proxy card or other authorization by a beneficial owner of Fund shares that does not specify how the beneficial owner’s shares should be voted on Proposal 1 may be deemed an instruction to vote such shares in favor of the proposal. Beneficial owners who do not provide proxy instructions or who do not return a proxy card may have their shares voted by broker-dealer firms in favor of Proposal 1.

     If you hold shares of a Fund through a bank or other financial institution or intermediary (called a service agent) that has entered into a service agreement with the Fund or a distributor of the Fund, the service agent may be the record holder of your shares. At the meetings, a service agent will vote shares for which it receives instructions from its customers in accordance with those instructions. A properly executed proxy card or other authorization by a shareholder that does not specify how the shareholder’s shares should be voted on a proposal may be deemed to authorize a service provider to vote such shares in favor of the proposal. Depending on its policies, applicable law or contractual or other restrictions, a service agent may be permitted to vote shares with respect to which it has not received specific voting instructions from its customers. In those cases, the service agent may, but is not be required to, vote such shares in the same proportion as those shares for which the service agent has received voting instructions. This practice is commonly referred to as “echo voting.”

     If you beneficially own shares that are held in “street name” through a broker-dealer or that are held of record by a service agent, and if you do not give specific voting instructions for your shares, they may not be voted at all or, as described above, they may be voted in a manner that you may not intend. Therefore, you are strongly encouraged to give your broker-dealer or service agent specific instructions as to how you want your shares to be voted.

     Approval of Proposal 1 by shareholders of a Fund will occur only if a sufficient number of votes are cast “FOR” the proposal at the Fund’s meeting. Abstentions and broker non-votes will not be counted as votes cast. For the Funds that require a plurality of votes to pass Proposal 1, abstentions and broker non-votes will not have an effect on the vote for Proposal 1. For the five Funds that require a majority of votes to pass Proposal 1, abstentions and broker non-votes will not be counted as votes cast and will have the same effect as a vote against Proposal 1.

INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

     The Board Members, including a majority of the Independent Board Members, of each Fund have selected Deloitte & Touche LLP (“D&T”) as the independent registered public accounting firm for the Funds. D&T, in accordance with Independence Standards Board Standard No. 1 (ISB No. 1), has confirmed to each applicable Audit Committee that it is an independent registered public accounting firm with respect to each Fund.

     No representatives of D&T will be present at the meeting.

     Each Audit Committee has discussed with D&T its independence with respect to the Fund and certain matters required to be discussed by Statement on Auditing Standard No. 61, as currently modified or supplemented. Each Audit Committee has considered whether the provision of non-audit services by the Fund’s independent registered public accounting firm is compatible with maintaining the independence of that registered public accounting firm. Each Audit Committee also reviews and discusses the audit of the Fund’s financial statements with Fund management and the independent registered public accounting firm. If any material concerns arise during the course of the audit and the preparation of the audited financial statements mailed to shareholders and included in the Fund’s Annual Report to Shareholders, the Audit Committee would be notified by Fund management or the independent registered public accounting firm. The Audit Committees received no such notifications for any Fund. Following each Audit Committee’s review and discussion of the Fund’s independent registered public accounting firm, each Audit Committee recommended to its respective Board that the Fund’s audited financial statements for the Fund’s most recently

10


completed fiscal year (each Fund’s fiscal year end is set forth in Appendix H) for which audited financial statements are available be included in each Fund’s Annual Report to Shareholders.

     Appendix H sets forth for each Fund the fees billed by that Fund’s independent registered public accounting firm for the two most recent fiscal years for all audit and non-audit services provided directly to the Fund. The fee information in Appendix H is presented under the following captions:

     (a) Audit Fees—fees related to the audit and review of the financial statements included in annual reports and registration statements, and other services that are normally provided in connection with statutory and regulatory filings or engagements, including out-of-pocket expenses.

     (b) Audit-Related Fees—fees related to assurance and related services that are reasonably related to the performance of the audit or review of financial statements, but not reported under “Audit Fees,” including accounting consultations, agreed-upon procedure reports, attestation reports, comfort letters, out-of-pocket expenses and internal control reviews not required by regulators.

     (c) Tax Fees—fees associated with tax compliance, tax advice and tax planning, including services relating to the filing or amendment of federal, state or local income tax returns, regulated investment company qualification reviews, tax distribution and analysis reviews and miscellaneous tax advice.

     (d) All Other Fees—fees for products and services provided to the Fund other than those reported under “Audit Fees,” “Audit-Related Fees” and “Tax Fees.”

     Each Audit Committee is required to approve all audit engagement fees and terms for the Fund. Each Audit Committee also is required to consider and act upon (i) the provision by any independent accountant of any non-audit services for any Fund, and (ii) the provision by any independent accountant of non-audit services to Fund service providers and their affiliates (“Affiliated Service Providers”) to the extent that such approval (in the case of this clause (ii)) is required under applicable regulations of the SEC. The Audit Committee has implemented policies and procedures by which such services may be approved other than by the full Audit Committee. See Appendix H to this Proxy Statement for information about the fees paid by the Funds, their investment advisers, and Affiliated Service Providers to each Fund’s independent registered public accounting firm.

     The Audit Committee of each Fund complies with applicable laws and regulations with regard to the pre-approval of services. Audit, audit-related and tax compliance services provided to a Fund on an annual basis require specific pre-approval by the Fund’s Audit Committee. As noted above, the Audit Committee also must approve other non-audit services provided to a Fund and those non-audit services provided to the Fund’s Affiliated Service Providers that relate directly to the operations and financial reporting of the Fund. Certain of these non-audit services that the Audit Committee believes are (a) consistent with the SEC’s auditor independence rules and (b) routine and recurring services that will not impair the independence of the independent registered public accounting firm may be approved by the Audit Committee without consideration on a specific case-by-case basis (“general pre-approval”). The Audit Committee is informed of each service approved subject to general pre-approval at the next regularly scheduled in-person board meeting.

     For each Fund’s two most recent fiscal years, there were no services rendered by D&T to the Funds for which the pre-approval requirement was waived.

     Each Audit Committee has considered whether the provision of non-audit services that were rendered by D&T to BlackRock Advisors and Affiliated Service Providers that were not pre-approved (not requiring pre-approval) is compatible with maintaining such auditor’s independence. All services provided by D&T to each Fund, BlackRock Advisors or Affiliated Service Providers that required pre-approval were pre-approved as required.

     The Audit Committee of each Fund consists of the following Board Members: Karen P. Robards (Chair), Kent Dixon, Frank J. Fabozzi, James T. Flynn, W. Carl Kester and Robert S. Salomon, Jr.

11


ADDITIONAL INFORMATION

5% Share Ownership

     As of May 31, 2008, to the best of the Funds’ knowledge, the persons listed in Appendix I owned beneficially or of record the amounts of the Funds indicated.

Submission of Shareholder Proposals

     A shareholder proposal intended to be presented at a future meeting of shareholders of a Fund must be received at the offices of the Fund, 40 East 52nd Street, New York, New York 10022-5911, a reasonable time before the Fund begins to print and mail its proxy materials. Timely submission of a proposal does not guarantee that such proposal will be included in a proxy statement.

     The Funds anticipate holding their next annual meeting of shareholders in August 2009. If a shareholder intends to present a proposal at the 2009 annual meeting of shareholders of these Funds and desires to have the proposal included in the Fund’s proxy statement and form of proxy for that meeting pursuant to Rule 14a-8 under the Exchange Act, the shareholder must deliver the proposal to the offices of the appropriate Fund by April 3, 2009.

     Shareholders who do not wish to submit a proposal for inclusion in the Fund’s proxy statement and form of proxy for the 2009 annual meeting in accordance with Rule 14a-8 may submit a proposal for consideration at the 2009 annual meeting in accordance with the By-laws of the Funds. The By-laws for all of the Funds generally require that advance notice be given to the Fund in the event a shareholder desires to transact any business from the floor at an annual meeting of shareholders. Notice of any such business must be in writing and received at the Fund’s principal executive office between Friday, May 15, 2009 and Saturday, June 14, 2009.

     For all Funds, written proposals and notices should be sent to the Secretary of the Fund, 40 East 52nd Street, New York, New York 10022.

Shareholder Communications

     Shareholders who want to communicate with the Board or any individual Board Member should write their Fund to the attention of the Secretary, 40 East 52nd Street, New York, New York 10022-5911. Shareholders may communicate with the Boards electronically by sending an email to closedendfundsbod@blackrock.com. The communication should indicate that you are a Fund shareholder. If the communication is intended for a specific Board Member and so indicates, it will be sent only to that Board Member. If a communication does not indicate a specific Board Member, it will be sent to the Chair of the Governance and Nominating Committee and the outside counsel to the Independent Board Members for further distribution as deemed appropriate by such persons.

     Additionally, shareholders with complaints or concerns regarding accounting matters may address letters to the Fund’s Chief Compliance Officer (“CCO”), 40 East 52nd Street, New York, New York 10022-5911. Shareholders who are uncomfortable submitting complaints to the CCO may address letters directly to the Chair of the Audit Committee of the Board that oversees the Fund. Such letters may be submitted on an anonymous basis.

Expense of Proxy Solicitation

     The cost of preparing, printing and mailing the enclosed proxy, accompanying notice and this Proxy Statement and costs in connection with the solicitation of proxies will be borne by the Funds. Additional out-of-pocket costs, such as legal expenses and auditor fees, incurred in connection with the preparation of this Proxy Statement, also will be borne by the Funds. Costs that are borne by the Funds collectively will be allocated among the Funds on the basis of a combination of their respective net assets and number of shareholder accounts, except when direct costs can be reasonably attributed to one or more specific Funds.

     Solicitation may be made by letter or telephone by officers or employees of BlackRock Advisors, or by dealers and their representatives. Brokerage houses, banks and other fiduciaries may be

12


requested to forward proxy solicitation material to their principals to obtain authorization for the execution of proxies. The Funds and BlackRock will reimburse brokerage firms, custodians, banks and fiduciaries for their expenses in forwarding this Proxy Statement and proxy materials to the beneficial owners of each Fund’s shares. The Funds and BlackRock have retained The Altman Group, Inc. (“Altman”), 60 East 42nd Street, Suite 405, New York, New York 10165, a proxy solicitation firm, to assist in the printing and distribution of proxy materials and the solicitation and tabulation of proxies. In addition, Broadridge Financial Solutions, Inc. (“Broadridge”), 51 Mercedes Way, Edgewood, New York 11717, will assist the Funds in the distribution of proxy materials. It is anticipated that Altman and Broadridge will be paid approximately $35,001 and $552,210, respectively, for such services (including reimbursements of out-of-pocket expenses). Altman may solicit proxies personally and by telephone. Each Fund’s portion of the foregoing expenses is not subject to any cap or voluntary agreement to waive fees and/or reimburse expenses that may otherwise apply to that Fund.

Fiscal Year

     The fiscal year end of certain Funds was amended at a meeting of the Boards in May 2008. However, all information in this Proxy Statement, unless otherwise noted, relates to the pre-amended fiscal year end. The pre-amended and post-amended fiscal year end of each Fund is as set forth in Appendix H.

Privacy Principles of the Funds

     BlackRock is committed to maintaining the privacy of its current and former fund investors and individual clients (collectively, “Clients”) and to safeguarding their non-public personal information. The following information is provided to help you understand what personal information BlackRock collects, how we protect that information and why in certain cases we share such information with select parties.

     If you are located in a jurisdiction where specific laws, rules or regulations require BlackRock to provide you with additional or different privacy-related rights beyond what is set forth below, then BlackRock will comply with those specific laws, rules or regulations.

     BlackRock obtains or verifies personal non-public information from and about you from different sources, including the following: (i) information we receive from you or, if applicable, your financial intermediary, on applications, forms or other documents; (ii) information about your transactions with us, our affiliates, or others; (iii) information we receive from a consumer reporting agency; and (iv) from visits to our web sites.

     BlackRock does not sell or disclose to non-affiliated third parties any non-public personal information about its Clients, except as permitted by law or as is necessary to respond to regulatory inquiries or service Client accounts. These non-affiliated third parties are required to protect the confidentiality and security of this information and to use it only for its intended purpose.

     We may share information with our affiliates to service your account or to provide you with information about other BlackRock products or services that may be of interest to you. In addition, BlackRock restricts access to non-public personal information about its Clients to those BlackRock employees with a legitimate business need for the information. BlackRock maintains physical, electronic and procedural safeguards that are designed to protect the non-public personal information of its Clients, including procedures relating to the proper storage and disposal of such information.

General

     Management does not intend to present and does not have reason to believe that any other items of business will be presented at the meeting. However, if other matters are properly presented to the meeting for a vote, the proxies will be voted by the persons acting under the proxies upon such matters in accordance with their judgment of the best interests of the Fund.

 

13


     A list of shareholders entitled to be present and to vote at the meeting will be available at the offices of the Funds, 40 East 52nd Street, New York, New York 10022-5911, for inspection by any shareholder during regular business hours beginning ten days prior to the date of the meeting.

     Failure of a quorum to be present at any meeting will necessitate adjournment. The persons named in the enclosed proxy may also move for an adjournment of any meeting to permit further solicitation of proxies with respect to the proposal if they determine that adjournment and further solicitation are reasonable and in the best interests of shareholders. Any such adjournment will require the affirmative vote of a majority of the shares of the Fund present in person or by proxy and entitled to vote at the time of the meeting to be adjourned. Any adjourned meeting or meetings may be held without the necessity of another notice. The persons named as proxies will vote in favor of any such adjournment if they believe the adjournment and additional proxy solicitation are reasonable and in the best interests of the Fund’s shareholders. For purposes of determining the presence of a quorum, abstentions and broker non-votes will be treated as shares that are present at the meeting.

     Please vote promptly by signing and dating each enclosed proxy card, and if received by mail, returning it in the accompanying postage-paid return envelope OR by following the enclosed instructions to provide voting instructions by telephone or over the Internet.

By Order of the Boards,

Howard B. Surloff
Secretary of the Funds

August 1, 2008

14


Appendix A

Fund Information

     The following table lists, with respect to each Fund, the total number of shares outstanding and the net assets of the Fund on July 14, 2008, the record date for voting at the meeting. All Funds have a policy to encourage Board Members to attend the annual meeting.

Ticker Fund Form of Organization Total
Common
Shares
Outstanding
Total AMPS
Outstanding
Net
Assets ($)*






ARK BlackRock Senior High Income Fund, Inc. Maryland Corporation 56,447,675 N/A     279,610,975
CII BlackRock Enhanced Capital          
     and Income Fund, Inc. Maryland Corporation 12,188,736 N/A   219,708,040
COY BlackRock Corporate High Yield Fund, Inc. Maryland Corporation 34,580,960 N/A   253,889,504
CYE BlackRock Corporate High Yield Fund III, Inc. Maryland Corporation 37,316,497 N/A   269,557,366
DSU BlackRock Debt Strategies Fund, Inc. Maryland Corporation 106,878,613 N/A   576,691,929
DVF BlackRock Diversified Income          
     Strategies Fund, Inc. Maryland Corporation 12,176,877 N/A   174,701,860
ECV BlackRock Enhanced Equity          
     Yield & Premium Fund, Inc. Maryland Corporation 17,697,047 N/A   251,494,316
EEF BlackRock Enhanced Equity Yield Fund, Inc. Maryland Corporation 20,954,427 N/A   301,952,594
EGF BlackRock Enhanced Government Fund, Inc. Maryland Corporation 12,256,377 N/A   214,321,004
FRA BlackRock Floating Rate Income          
     Strategies Fund, Inc. Maryland Corporation 18,305,029 N/A   299,022,097
FRB BlackRock Floating Rate Income          
     Strategies Fund II, Inc. Maryland Corporation 10,496,930 N/A   170,462,932
HYT BlackRock Corporate High Yield          
     Fund VI, Inc. Maryland Corporation 35,286,436 N/A   426,981,693
HYV BlackRock Corporate High Yield          
     Fund V, Inc. Maryland Corporation 32,944,087 N/A   400,384,087
MCA BlackRock MuniYield California          
     Insured Fund, Inc.† Maryland Corporation 34,361,200 7,692   679,998,803
MEN BlackRock MuniEnhanced Fund, Inc.† Maryland Corporation 29,369,874 6,354   470,549,231
MFL BlackRock MuniHoldings Florida Insured Fund† Massachusetts 37,667,658 11,845   812,306,209
    Business Trust        
MFT BlackRock MuniYield Florida Insured Fund† Massachusetts 8,451,814 2,490   178,504,252
    Business Trust        
MHD BlackRock MuniHoldings Fund, Inc.† Maryland Corporation 13,913,010 3,677   300,741,382
MHE The Massachusetts Health & Education          
     Tax-Exempt Trust† Massachusetts 2,344,067 370   48,458,028
    Business Trust        
MHN BlackRock MuniHoldings New York          
     Insured Fund, Inc.† Maryland Corporation 30,795,138 10,115   686,612,373
MIY BlackRock MuniYield Michigan          
     Insured Fund, Inc.† Maryland Corporation 18,206,301 5,786   408,652,590
MJI BlackRock MuniYield New Jersey          
     Insured Fund, Inc.† Maryland Corporation 8,802,099 2,628   194,034,474
MNE BlackRock Muni New York Intermediate          
     Duration Fund, Inc.† Maryland Corporation 4,206,439 1,185   87,816,340
MPA BlackRock MuniYield Pennsylvania          
     Insured Fund† Massachusetts 11,480,567 3,096   246,663,612
    Business Trust        
MQT BlackRock MuniYield Quality Fund II, Inc.† Maryland Corporation 22,366,930 5,130   406,228,558
MQY BlackRock MuniYield Quality Fund, Inc.† Maryland Corporation 30,425,258 8,144   631,512,814
MUC BlackRock MuniHoldings California          
     Insured Fund, Inc.† Maryland Corporation 40,874,458 11,495   862,692,386
MUE BlackRock MuniHoldings Insured Fund II, Inc.† Maryland Corporation 22,352,426 5,812   440,285,638
MUH BlackRock MuniHoldings Fund II, Inc.† Maryland Corporation 11,173,277 2,440   216,840,635
MUI BlackRock Muni Intermediate          
     Duration Fund, Inc.† Maryland Corporation 38,034,934 11,487   828,283,666

A-1


Ticker Fund Form of Organization Total
Common
Shares
Outstanding
Total AMPS
Outstanding
Net
Assets ($)*






MUJ BlackRock MuniHoldings New Jersey            
     Insured Fund, Inc.† Maryland Corporation 21,245,413 7,068   487,333,090
MUS BlackRock MuniHoldings Insured Fund, Inc.† Maryland Corporation 12,886,200 3,768   264,721,839
MVF BlackRock MuniVest Fund, Inc.† Maryland Corporation 61,875,156 11,028   831,685,479
MVT BlackRock MuniVest Fund II, Inc.† Maryland Corporation 20,358,182 6,032   427,163,881
MYC BlackRock MuniYield California Fund, Inc.† Maryland Corporation 21,295,255 5,060   426,455,242
MYD BlackRock MuniYield Fund, Inc.† Maryland Corporation 45,318,214 10,860   870,344,863
MYF BlackRock MuniYield Florida Fund† Massachusetts 13,558,024 3,633   279,268,495
    Business Trust        
MYI BlackRock MuniYield Insured Fund, Inc.† Maryland Corporation 67,303,125 15,831   1,297,262,296
MYJ BlackRock MuniYield New Jersey Fund, Inc.† Maryland Corporation 14,203,242 4,189   313,553,065
MYM BlackRock MuniYield Michigan          
     Insured Fund II, Inc.† Maryland Corporation 12,069,721 3,494   251,185,581
MYN BlackRock MuniYield New York          
     Insured Fund, Inc.† Maryland Corporation 39,445,962 10,701   798,525,291
MZA BlackRock MuniYield Arizona Fund, Inc.† Maryland Corporation 4,543,959 1,612   99,829,622
PSW BlackRock Preferred and Corporate Income          
     Strategies Fund, Inc.† Maryland Corporation 10,291,881 2,730   224,561,234
PSY BlackRock Preferred Income          
     Strategies Fund, Inc.† Maryland Corporation 40,606,540 11,000   902,822,600

Denotes an AMPS Fund.
* Includes amounts borrowed for investment purposes.

A-2


Appendix B

Compensation of the Board Members

     The Board Members who are not “interested persons,” as defined in the 1940 Act, (the “Independent Board Members”) receive retainer fees which includes meeting fees (up to six meetings per year) for Board and committee meetings and are reimbursed for all out-of-pocket expenses relating to attendance at such meetings. The Funds do not provide compensation to any Board Member who is an “interested person,” as defined in the 1940 Act. Information regarding compensation, including amounts deferred, paid to the Independent Board Members for each Fund’s most recent fiscal year is set forth below.

     Each Fund shall pay a pro rata portion quarterly (based on the relative net assets) of the following Board Member fees paid by the Funds in the Fund Complex for which they serve: (i) $250,000 per annum for each Independent Board Member as a retainer and (ii) $10,000 per day for each Independent Board Member for each special meeting of each Board in the Fund Complex for which they serve (i.e., any meeting, whether telephonic or in person, other than one of the six regularly scheduled meetings of each board per year) attended. Each Independent Board Member shall also be entitled to reimbursement for all of his or her out-of-pocket expenses in attending each meeting of each Board and any committee thereof. Mr. Cavanagh will receive an additional $120,000 per annum from the funds in the Fund Complex for acting as the Chair for each Board. Ms. Robards will receive an additional $40,000 per annum from the funds in the Fund Complex for acting as the Vice Chair for each Board. Mr. Fabozzi will receive an additional $20,000 per annum from the funds in the Fund Complex for acting as Chair of each Performance Oversight Committee. Ms. Feldstein will receive an additional $20,000 per annum from the funds in the Fund Complex for acting as Chair of each Compliance Committee. Mr. Hubbard will receive an additional $10,000 per annum from the funds in the Fund Complex for acting as Chair of each Governance and Nominating Committee. Mr. Dixon, Mr. Fabozzi, Mr. Flynn, Mr. Kester, Ms. Robards and Mr. Salomon will each receive an additional $25,000 per annum from the funds in the Fund Complex for their service on each Audit Committee. Ms. Robards will receive an additional $35,000 per annum from the funds in the Fund Complex for acting as the Chair of each Audit Committee. The additional compensation payable to Mr. Cavanagh, Mr. Dixon, Mr. Fabozzi, Ms. Feldstein, Mr. Flynn, Mr. Hubbard, Mr. Kester, Ms. Robards and Mr. Salomon will be allocated among the funds in the Fund Complex for which they serve based on their relative net assets.

     The Independent Board Members have agreed that a maximum of 50% of each Independent Board Member’s total compensation paid by funds in the Fund Complex may be deferred pursuant to the Fund Complex’s deferred compensation plan. Under the deferred compensation plan, deferred amounts earn a return for the Independent Board Members as though equivalent dollar amounts had been invested in common shares of certain funds in the Fund Complex selected by the Independent Board Members. This has approximately the same economic effect for the Independent Board Members as if they had invested the deferred amounts in such other funds in the Fund Complex for which they serve. The deferred compensation plan is not funded and obligations thereunder represent general unsecured claims against the general assets of a fund. A fund may, however, elect to invest in common shares of those funds in the Fund Complex selected by the Independent Board Members in order to match its deferred compensation obligation. For the year ended December 31, 2007, the Funds supervised by the Boards reimbursed Independent Board Member expenses in an aggregate amount of $9,579.

     The table below sets forth the aggregate compensation paid to each Independent Board Member by each Fund during its most recently completed fiscal year (based on each Fund’s pre-amended fiscal year end).

B-1


Fund    Pre
Amended
FYE
(1) (9) (10)
   Post
Amended
FYE
   Richard E.
Cavanagh
(2)
  Kent
Dixon
(3)
  Frank J.
Fabozzi
(4)
  Kathleen F.
Feldstein
(5)
R. Glenn
Hubbard
(6)
G. Nicholas
Beckwith III
(7)
James T.
Flynn
(7)
Jerrold B.
Harris
(7)
W. Carl
Kester
(7)
Karen P.
Robards
(7)
Robert S.
Salomon Jr.
(7)

  
  
  
  
  
  
  
  
  
  
  
  
  
ARK   28-Feb   N/A   $ 1,409    $ 1,047    $ 1,123    $ 1,028    $ 990    $ 952    $ 1,047    $ 952    $ 1,047    $ 1,333    $ 1,047
CII   31-Dec   31-Oct   $ 481   $ 357   $ 383   $ 351   $ 338   $ 325   $ 5,270   $ 325   $ 5,270   $ 6,315   $ 357
COY   31-May   28-Feb   $ 1,994   $ 1,482   $ 1,590   $ 1,455   $ 1,401   $ 1,347   $ 1,482   $ 1,347   $ 1,482   $ 1,886   $ 2,278
CYE   31-May   28-Feb   $ 2,124   $ 1,579   $ 1,694   $ 1,550   $ 1,493   $ 1,435   $ 1,579   $ 1,435   $ 1,579   $ 2,009   $ 2,399
DSU   28-Feb   N/A   $ 3,001   $ 2,231   $ 2,393   $ 2,190   $ 2,109   $ 2,028   $ 2,231   $ 2,028   $ 2,231   $ 2,839   $ 2,231
DVF   31-Aug   N/A   $   $   $   $   $   $   $   $   $   $   $
ECV   31-Dec   N/A   $ 574   $ 427   $ 458   $ 419   $ 403   $ 388   $ 5,817   $ 388   $ 5,817   $ 7,014   $ 427
EEF   31-Dec   N/A   $ 680   $ 505   $ 542   $ 496   $ 478   $ 459   $ 6,766   $ 459   $ 6,766   $ 8,227   $ 505
EGF   31-Dec   N/A   $ 391   $ 290   $ 311   $ 285   $ 274   $ 264   $ 4,598   $ 264   $ 4,598   $ 5,457   $ 290
FRA   31-Aug   N/A   $   $   $   $   $   $   $   $   $   $   $
FRB   28-Feb   N/A   $ 832   $ 618   $ 663   $ 607   $ 584   $ 562   $ 618   $ 562   $ 618   $ 787   $ 618
HYT   31-Aug   N/A   $   $   $   $   $   $   $   $   $   $   $ 3,684
HYV   31-Aug   N/A   $   $   $   $   $   $   $   $   $   $   $ 3,557
MCA   31-Oct   31-Jul   $   $   $   $   $   $   $   $   $   $   $ 4,161
MEN   31-Jan   30-Apr   $ 1,454   $ 1,081   $ 1,159   $ 1,061   $ 1,022   $ 982   $ 1,081   $ 982   $ 1,081   $ 1,375   $ 3,502
MFL   31-Aug   N/A   $   $   $   $   $   $   $   $   $   $   $
MFT   31-Oct   31-Jul   $   $   $   $   $   $   $   $   $   $   $
MHD   30-Apr   N/A   $ 1,574   $ 1,170   $ 1,255   $ 1,148   $ 1,106   $ 1,063   $ 1,170   $ 1,063   $ 1,170   $ 1,489   $ 1,170
MHE   31-Dec   31-Aug   $ 54   $ 40   $ 43   $ 39   $ 38   $ 36   $ 40   $ 36   $ 40   $ 51   $ 40
MHN   31-Aug   N/A   $   $   $   $   $   $   $   $   $   $   $
MIY   31-Oct   31-Jul   $   $   $   $   $   $   $   $   $   $   $
MJI   31-Oct   31-Jul   $   $   $   $   $   $   $   $   $   $   $
MNE   31-May   31-Jul   $ 436   $ 324   $ 347   $ 318   $ 306   $ 294   $ 324   $ 294   $ 324   $ 412   $ 324
MPA   31-Oct   31-Jul   $   $   $   $   $   $   $   $   $   $   $
MQT   31-Oct   30-Apr   $   $   $   $   $   $   $   $   $   $   $ 3,165
MQY   31-Oct   30-Apr   $   $   $   $   $   $   $   $   $   $   $ 3,927
MUC   30-Jun   31-Jul   $ 4,240   $ 3,151   $ 3,380   $ 3,094   $ 2,979   $ 2,865   $ 3,151   $ 2,865   $ 3,151   $ 4,011   $ 4,751
MUE   30-Sep   31-Jul   $   $   $   $   $   $   $   $   $   $   $ 3,707
MUH   31-Jul   30-Apr   $   $   $   $   $   $   $   $   $   $   $
MUI   31-May   30-Apr   $ 4,056   $ 3,014   $ 3,233   $ 2,959   $ 2,850   $ 2,740   $ 3,014   $ 2,740   $ 3,014   $ 3,836   $ 3,014
MUJ   31-Jul   N/A   $   $   $   $   $   $   $   $   $   $   $
MUS   30-Apr   N/A   $ 1,257   $ 934   $ 1,002   $ 917   $ 883   $ 849   $ 934   $ 849   $ 934   $ 1,189   $ 934
MVF   31-Aug   N/A   $   $   $   $   $   $   $   $   $   $   $
MVT   31-Oct   30-Apr   $   $   $   $   $   $   $   $   $   $   $
MYC   31-Oct   31-Jul   $   $   $   $   $   $   $   $   $   $   $ 2,824
MYD   31-Oct   30-Apr   $   $   $   $   $   $   $   $   $   $   $ 4,401
MYF   31-Oct   31-Jul   $   $   $   $   $   $   $   $   $   $   $ 2,269
MYI   31-Oct   31-Jul   $   $   $   $   $   $   $   $   $   $   $ 6,170
MYJ   30-Nov   31-Jul   $   $   $   $   $   $   $   $   $   $   $ 2,355
MYM   31-Oct   31-Jul   $   $   $   $   $   $   $   $   $   $   $ 2,149
MYN   31-Oct   31-Jul   $   $   $   $   $   $   $   $   $   $   $ 3,958
MZA   31-Oct   31-Jul   $   $   $   $   $   $   $   $   $   $   $ 1,637

B-2



Fund    Pre
Amended
FYE
(1) (9) (10)
   Post
Amended
FYE
   Richard E.
Cavanagh
(2)
  Kent
Dixon
(3)
  Frank J.
Fabozzi
(4)
  Kathleen F.
Feldstein
(5)
R. Glenn
Hubbard
(6)
G. Nicholas
Beckwith III
(7)
James T.
Flynn
(7)
Jerrold B.
Harris
(7)
W. Carl
Kester
(7)
Karen P.
Robards
(7)
Robert S.
Salomon Jr.
(7)

  
  
  
  
  
  
  
  
  
  
  
  
  
PSW   31-Oct   N/A   $   $   $   $   $   $   $ 6,344   $   $ 6,344   $ 7,551   $
PSY   31-Oct   N/A   $   $   $   $   $   $   $ 19,417   $   $ 19,417   $ 24,255   $
                                                                 
Total Compensation from
    Fund Complex (8)
$ 390,280   $ 299,365   $ 302,699   $ 251,005   $ 249,338   $ 119,817   $ 175,894   $ 123,567   $ 175,894   $ 221,763   $ 245,969
                                                                 
Number of Funds in Fund Complex
   
Overseen by Board Member
110   110   110   110   110   109   109   109   109   109   109
                                                     

(1)      Information is for the Fund’s most recent fiscal year.
(2)      Total amount of deferred compensation, including interest, payable to Board Member or accrued is $294,563 as of 12/31/07.
(3)      Total amount of deferred compensation, including interest, payable to Board Member or accrued is $230,925 as of 12/31/07.
(4)      Total amount of deferred compensation, including interest, payable to Board Member or accrued is $208,975 as of 12/31/07.
(5)      Total amount of deferred compensation, including interest, payable to Board Member or accrued is $84,532 as of 12/31/07.
(6)      Total amount of deferred compensation, including interest, payable to Board Member or accrued is $508,856 as of 12/31/07.
(7)      As of December 31, 2007 the Board Member did not participate in the deferred compensation plan.
(8)      Represents the aggregate compensation earned by such persons during the calendar year ended December 31, 2007. Of this amount, Mr. Cavanagh, Mr. Dixon, Mr. Fabozzi, Ms. Feldstein and Mr. Hubbard deferred $50,000, $50,000, $50,000, $30,000 and $193,502, respectively, pursuant to the Fund Complex’s deferred compensation plan.
(9)      The fiscal year end (FYE) for certain Funds was amended at a meeting of the Boards in May 2008. However, the information reflected in this chart is for the pre-amended FYE.
(10)      Due to the board consolidation that occurred last year as a result of the merger of BlackRock and Merrill Lynch & Co., Inc.’s investment management business and payment methodology change, reflected compensation may cover a service period in excess of twelve months.

B-3







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Appendix C

Equity Securities Owned by Board Members

     The following table shows the amount of equity securities owned by the Board Members in the funds that they are nominated to oversee as of May 31, 2008, except as otherwise indicated.

Name of Board Member Fund Name Number of
Shares of
Common
Stock
Number of
Shares of
AMPS
Aggregate
Dollar
Range of
Equity
Securities
in Each

Fund
Aggregate
Dollar
Range of
Equity
Securities
in All Funds
Overseen
or To Be
Overseen
by the
Board
Member
in Fund
Complex
Number
of Share
Equivalents

(1)
Aggregate
Dollar
Range of
Share
Equivalents
in Each

Fund
Aggregate
Dollar
Range of
Common
Stock
and Share
Equivalents
in all

Funds









Interested Board Members:                
Richard S. Davis BlackRock Debt 500 None $1-$10,000 Over Over
  Strategies Fund, Inc.       $100,000     $100,000
 
  BlackRock Diversified 500 None $1-$10,000    
  Income Strategies              
  Fund, Inc.              
 
  BlackRock Global 500 None $1-$10,000    
  Floating Rate              
  Income Trust              
 
  BlackRock 3,600 None $50,001    
  International Growth     -$100,000        
  and Income Trust              
 
  BlackRock Limited 500 None $1-$10,000    
  Duration Income Trust            
 
  BlackRock Municipal 500 None $1-$10,000    
  2018 Term Trust              
 
  BlackRock Real 500 None $1-$10,000    
  Asset Equity Trust              
 
  BlackRock World 500 None $1-$10,000    
  Investment Trust              
 
  The Massachusetts 500 None $1-$10,000    
  Health & Education              
  Tax-Exempt Trust              
 
Henry Gabbay BlackRock Dividend 1,000 None $10,001 Over Over
  Achievers™ Trust     -$50,000 $100,000     $100,000
 
  BlackRock Global 500 None $10,001    
  Energy and     -$50,000        
  Resources Trust              
 
  BlackRock Health 550 None $10,001    
  Sciences Trust     -$50,000        
 
  BlackRock 900 None $10,001    
  International Growth     -$50,000        
  and Income Trust              
 
  BlackRock Long-Term 1,600 None $10,001    
  Municipal Advantage     -$50,000        
  Trust              
 
  BlackRock Muni 1,400 None $10,001    
  New York Intermediate   -$50,000        
  Duration Fund, Inc.              
 
  BlackRock 1,400 None $10,001    
  MuniHoldings     -$50,000        
  New York Insured              
  Fund, Inc.              

C-1


Name of Board Member Fund Name Number of
Shares of
Common
Stock
Number of
Shares of
AMPS
Aggregate
Dollar
Range of
Equity
Securities
in Each

Fund
Aggregate
Dollar
Range of
Equity
Securities
in All Funds
Overseen
or To Be
Overseen
by the
Board
Member
in Fund
Complex
Number
of Share
Equivalents

(1)
Aggregate
Dollar
Range of
Share
Equivalents
in Each

Fund
Aggregate
Dollar
Range of
Common
Stock
and Share
Equivalents
in all

Funds









Interested Board Members:                
(continued)                
Henry Gabbay (continued) BlackRock MuniYield 1,500 None $10,001    
  New York Insured     -$50,000        
  Fund, Inc.              
 
  BlackRock New York 1,300 None $10,001    
  Municipal Income     -$50,000        
  Trust II              
 
  BlackRock Real 950 None $10,001    
  Asset Equity Trust     -$50,000        
 
  BlackRock S&P 840 None $10,001    
  Quality Rankings     -$50,000        
  Global Equity              
  Managed Trust              
 
  BlackRock Strategic 1,000 None $10,001    
  Dividend Achievers™     -$50,000        
  Trust              
 
Independent Board Members:              
G. Nicholas Beckwith, III BlackRock Apex 102 None $1-$10,000 $50,001 Over
  Municipal Fund, Inc.       -$100,000     $100,000
 
  BlackRock Broad 101 None $1-$10,000    
  Investment Grade              
  2009 Term Trust Inc.              
 
  BlackRock Core 102 None $1-$10,000    
  Bond Trust              
 
  BlackRock Corporate 104 None $1-$10,000    
  High Yield Fund, Inc.              
 
  BlackRock Corporate 104 None $1-$10,000    
  High Yield Fund              
  III, Inc.              
 
  BlackRock Corporate 104 None $1-$10,000    
  High Yield Fund V, Inc.            
 
  BlackRock Corporate 104 None $1-$10,000   715 $1-$10,000  
  High Yield Fund VI, Inc.            
 
  BlackRock Debt 103 None $1-$10,000    
  Strategies Fund, Inc.              
 
  BlackRock Diversified 103 None $1-$10,000    
  Income Strategies              
  Fund, Inc.              
 
  BlackRock Dividend 102 None $1-$10,000    
  Achievers™ Trust              
 
  BlackRock 102 None $1-$10,000    
  EcoSolutions              
  Investment Trust              
 
  BlackRock Enhanced 103 None $1-$10,000    
  Capital and Income              
  Fund, Inc.              
 
  BlackRock Enhanced 103 None $1-$10,000   719 $1-$10,000  
  Dividend Achievers™              
  Trust              

C-2


Name of Board Member Fund Name Number of
Shares of
Common
Stock
Number of
Shares of
AMPS
Aggregate
Dollar
Range of
Equity
Securities
in Each

Fund
Aggregate
Dollar
Range of
Equity
Securities
in All Funds
Overseen
or To Be
Overseen
by the
Board
Member
in Fund
Complex
Number
of Share
Equivalents

(1)
Aggregate
Dollar
Range of
Share
Equivalents
in Each

Fund
Aggregate
Dollar
Range of
Common
Stock
and Share
Equivalents
in all

Funds









Independent Board Members:              
(continued)                
G. Nicholas Beckwith, III BlackRock Enhanced 100 None $1-$10,000    
(continued) Equity Yield &              
  Premium Fund, Inc.              
 
  BlackRock Enhanced 103 None $1-$10,000    
  Equity Yield Fund, Inc.              
 
  BlackRock Enhanced 102 None $1-$10,000    
  Government Fund, Inc.            
 
  BlackRock Floating 103 None $1-$10,000    
  Rate Income              
  Strategies Fund, Inc.              
 
  BlackRock Floating 102 None $1-$10,000    
  Rate Income              
  Strategies Fund II, Inc.            
 
  BlackRock Global 101 None $1-$10,000   249 $1-$10,000  
  Energy and              
  Resources Trust              
 
  BlackRock Global 103 None $1-$10,000    
  Equity Income Trust              
 
  BlackRock Global 103 None $1-$10,000   529 $1-$10,000  
  Floating Rate Income              
  Trust              
 
  BlackRock Global 102 None $1-$10,000    
  Opportunities Equity              
  Trust              
 
  BlackRock Health 102 None $1-$10,000    
  Sciences Trust              
 
  BlackRock High 103 None $1-$10,000    
  Income Shares              
 
  BlackRock High 103 None $1-$10,000    
  Yield Trust              
 
  BlackRock Income 102 None $1-$10,000    
  Opportunity Trust, Inc.              
 
  BlackRock Income 102 None $1-$10,000    
  Trust, Inc.              
 
  BlackRock Insured 101 None $1-$10,000    
  Municipal Income              
  Trust              
 
  BlackRock 103 None $1-$10,000   450 $1-$10,000  
  International Growth              
  and Income Trust              
 
  BlackRock Investment 102 None $1-$10,000    
  Quality Municipal              
  Trust, Inc.              
 
  BlackRock Limited 103 None $1-$10,000   517 $1-$10,000  
  Duration Income              
  Trust              
 
  BlackRock Long-Term 101 None $1-$10,000    
  Municipal Advantage              
  Trust              

C-3


Name of Board Member Fund Name Number of
Shares of
Common
Stock
Number of
Shares of
AMPS
Aggregate
Dollar
Range of
Equity
Securities
in Each

Fund
Aggregate
Dollar
Range of
Equity
Securities
in All Funds
Overseen
or To Be
Overseen
by the
Board
Member
in Fund
Complex
Number
of Share
Equivalents

(1)
Aggregate
Dollar
Range of
Share
Equivalents
in Each

Fund
Aggregate
Dollar
Range of
Common
Stock
and Share
Equivalents
in all

Funds









Independent Board Members:              
(continued)                
G. Nicholas Beckwith, III BlackRock Muni 101 None $1-$10,000    
(continued) Intermediate Duration              
  Fund, Inc.              
 
  BlackRock MuniAssets 102 None $1-$10,000    
  Fund, Inc.              
 
  BlackRock Municipal 101 None $1-$10,000    
  2018 Term Trust              
 
  BlackRock Municipal 101 None $1-$10,000    
  2020 Term Trust              
 
  BlackRock Municipal 102 None $1-$10,000    
  Bond Trust              
 
  BlackRock Municipal 102 None $1-$10,000    
  Income Trust              
 
  BlackRock Municipal 102 None $1-$10,000    
  Income Trust II              
 
  BlackRock 101 None $1-$10,000    
  MuniEnhanced              
  Fund, Inc.              
 
  BlackRock 101 None $1-$10,000    
  MuniHoldings              
  Fund, Inc.              
 
  BlackRock 101 None $1-$10,000    
  MuniHoldings              
  Fund II, Inc.              
 
  BlackRock 101 None $1-$10,000    
  MuniHoldings              
  Insured Fund, Inc.              
 
  BlackRock 101 None $1-$10,000    
  MuniHoldings              
  Insured Fund II, Inc.              
 
  BlackRock MuniVest 101 None $1-$10,000    
  Fund, Inc.              
 
  BlackRock MuniVest 102 None $1-$10,000    
  Fund II, Inc.              
 
  BlackRock MuniYield 102 None $1-$10,000    
  Fund, Inc.              
 
  BlackRock MuniYield 101 None $1-$10,000    
  Insured Fund, Inc.              
 
  BlackRock MuniYield 101 None $1-$10,000    
  Pennsylvania              
  Insured Fund              
 
  BlackRock MuniYield 101 None $1-$10,000    
  Quality Fund, Inc.              
 
  BlackRock MuniYield 101 None $1-$10,000    
  Quality Fund II, Inc.              

C-4


Name of Board Member Fund Name Number of
Shares of
Common
Stock
Number of
Shares of
AMPS
Aggregate
Dollar
Range of
Equity
Securities
in Each

Fund
Aggregate
Dollar
Range of
Equity
Securities
in All Funds
Overseen
or To Be
Overseen
by the
Board
Member
in Fund
Complex
Number
of Share
Equivalents

(1)
Aggregate
Dollar
Range of
Share
Equivalents
in Each

Fund
Aggregate
Dollar
Range of
Common
Stock
and Share
Equivalents
in all

Funds









Independent Board Members:              
(continued)                
G. Nicholas Beckwith, III BlackRock Preferred 103 None $1-$10,000    
(continued) and Corporate              
  Income Strategies              
  Fund, Inc.              
 
  BlackRock Preferred 103 None $1-$10,000   474 $1-$10,000  
  and Equity              
  Advantage Trust              
 
  BlackRock Preferred 103 None $1-$10,000   501 $1-$10,000  
  Income Strategies              
  Fund, Inc.              
 
  BlackRock Preferred 103 None $1-$10,000    
  Opportunity Trust              
 
  BlackRock Real 102 None $1-$10,000    
  Asset Equity Trust              
 
  BlackRock S&P 101 None $1-$10,000    
  Quality Rankings              
  Global Equity              
  Managed Trust              
 
  BlackRock Senior 103 None $1-$10,000    
  High Income Fund, Inc.            
 
  BlackRock Strategic 103 None $1-$10,000    
  Bond Trust              
 
  BlackRock Strategic 102 None $1-$10,000    
  Dividend Achievers™              
  Trust              
 
  BlackRock World 102 None $1-$10,000    
  Investment Trust              
 
  The BlackRock 101 None $1-$10,000    
  Insured Municipal              
  Term Trust, Inc.              
 
  The BlackRock 101 None $1-$10,000    
  Pennsylvania              
  Strategic Municipal              
  Trust              
 
  The BlackRock 102 None $1-$10,000    
  Strategic Municipal              
  Trust              
 
Richard E. Cavanagh BlackRock Apex 100 None $1-$10,000 Over Over
  Municipal Fund, Inc.       $100,000     $100,000
 
  BlackRock Broad 100 None $1-$10,000    
  Investment Grade              
  2009 Term Trust Inc.              
 
  BlackRock Core 500 None $1-$10,000    
  Bond Trust              
 
  BlackRock Corporate 100 None $1-$10,000    
  High Yield Fund, Inc.              
 
  BlackRock Corporate 100 None $1-$10,000    
  High Yield Fund III, Inc.            

C-5


Name of Board Member Fund Name Number of
Shares of
Common
Stock
Number of
Shares of
AMPS
Aggregate
Dollar
Range of
Equity
Securities
in Each

Fund
Aggregate
Dollar
Range of
Equity
Securities
in All Funds
Overseen
or To Be
Overseen
by the
Board
Member
in Fund
Complex
Number
of Share
Equivalents

(1)
Aggregate
Dollar
Range of
Share
Equivalents
in Each

Fund
Aggregate
Dollar
Range of
Common
Stock
and Share
Equivalents
in all

Funds









Independent Board Members:              
(continued)                
Richard E. Cavanagh BlackRock Corporate 100 None $1-$10,000    
(continued) High Yield Fund V, Inc.              
 
  BlackRock Corporate 100 None $1-$10,000   3,774 $10,001  
  High Yield Fund VI, Inc.         -$50,000  
 
  BlackRock Debt 100 None $1-$10,000    
  Strategies Fund, Inc.              
 
  BlackRock Diversified 100 None $1-$10,000    
  Income Strategies              
  Fund, Inc.              
 
  BlackRock Dividend 100 None $1-$10,000    
  Achievers™ Trust              
 
  BlackRock 100 None $1-$10,000    
  EcoSolutions              
  Investment Trust              
 
  BlackRock Enhanced 100 None $1-$10,000    
  Capital and Income              
  Fund, Inc.              
 
  BlackRock Enhanced 100 None $1-$10,000   3,611 $10,001  
  Dividend Achievers™           -$50,000  
  Trust              
 
  BlackRock Enhanced 100 None $1-$10,000    
  Equity Yield &              
  Premium Fund, Inc.              
 
  BlackRock Enhanced 100 None $1-$10,000    
  Equity Yield Fund, Inc.              
 
  BlackRock Enhanced 100 None $1-$10,000    
  Government Fund, Inc.              
 
  BlackRock Floating 100 None $1-$10,000    
  Rate Income              
  Strategies Fund, Inc.              
 
  BlackRock Floating 100 None $1-$10,000    
  Rate Income              
  Strategies Fund II, Inc.              
 
  BlackRock Global 100 None $1-$10,000   1,315 $10,001  
  Energy and           -$50,000  
  Resources Trust              
 
  BlackRock Global 100 None $1-$10,000    
  Equity Income Trust              
 
  BlackRock Global 200 None $1-$10,000   2,830 $10,001  
  Floating Rate           -$50,000  
  Income Trust              
 
  BlackRock Global 100 None $1-$10,000    
  Opportunities Equity              
  Trust              
 
  BlackRock Health 100 None $1-$10,000    
  Sciences Trust              
 
  BlackRock High 100 None $1-$10,000    
  Income Shares              

C-6


Name of Board Member Fund Name Number of
Shares of
Common
Stock
Number of
Shares of
AMPS
Aggregate
Dollar
Range of
Equity
Securities
in Each

Fund
Aggregate
Dollar
Range of
Equity
Securities
in All Funds
Overseen
or To Be
Overseen
by the
Board
Member
in Fund
Complex
Number
of Share
Equivalents

(1)
Aggregate
Dollar
Range of
Share
Equivalents
in Each

Fund
Aggregate
Dollar
Range of
Common
Stock
and Share
Equivalents
in all

Funds









Independent Board Members:              
(continued)                
Richard E. Cavanagh BlackRock High 200 None $1-$10,000    
(continued) Yield Trust              
 
  BlackRock Income 100 None $1-$10,000    
  Opportunity Trust, Inc.              
 
  BlackRock Income 500 None $1-$10,000    
  Trust, Inc.              
 
  BlackRock Insured 200 None $1-$10,000    
  Municipal Income              
  Trust              
 
  BlackRock 100 None $1-$10,000   2,637 $10,001  
  International Growth           -$50,000  
  and Income Trust              
 
  BlackRock 500 None $1-$10,000    
  Investment Quality              
  Municipal Trust, Inc.              
 
  BlackRock Limited 100 None $1-$10,000   2,701 $10,001  
  Duration Income Trust           -$50,000  
 
  BlackRock Long-Term 200 None $1-$10,000    
  Municipal Advantage              
  Trust              
 
  BlackRock Muni 100 None $1-$10,000    
  Intermediate              
  Duration Fund, Inc.              
 
  BlackRock 100 None $1-$10,000    
  MuniAssets Fund, Inc.              
 
  BlackRock Municipal 300 None $1-$10,000    
  2018 Term Trust              
 
  BlackRock Municipal 100 None $1-$10,000    
  2020 Term Trust              
 
  BlackRock Municipal 100 None $1-$10,000    
  Bond Trust              
 
  BlackRock Municipal 300 None $1-$10,000    
  Income Trust              
 
  BlackRock Municipal 100 None $1-$10,000    
  Income Trust II              
 
  BlackRock 100 None $1-$10,000    
  MuniEnhanced              
  Fund, Inc.              
 
  BlackRock 100 None $1-$10,000    
  MuniHoldings              
  Fund Inc.              
 
  BlackRock 100 None $1-$10,000    
  MuniHoldings              
  Fund II, Inc.              
 
  BlackRock 100 None $1-$10,000    
  MuniHoldings              
  Insured Fund, Inc.              

C-7


Name of Board Member Fund Name Number of
Shares of
Common
Stock
Number of
Shares of
AMPS
Aggregate
Dollar
Range of
Equity
Securities
in Each

Fund
Aggregate
Dollar
Range of
Equity
Securities
in All Funds
Overseen
or To Be
Overseen
by the
Board
Member
in Fund
Complex
Number
of Share
Equivalents

(1)
Aggregate
Dollar
Range of
Share
Equivalents
in Each

Fund
Aggregate
Dollar
Range of
Common
Stock
and Share
Equivalents
in all

Funds









Independent Board Members:              
(continued)                
Richard E. Cavanagh BlackRock 100 None $1-$10,000    
(continued) MuniHoldings              
  Insured Fund II, Inc.              
 
  BlackRock MuniVest 100 None $1-$10,000    
  Fund, Inc.              
 
  BlackRock MuniVest 100 None $1-$10,000    
  Fund II, Inc.              
 
  BlackRock MuniYield 100 None $1-$10,000    
  Fund, Inc.              
 
  BlackRock MuniYield 100 None $1-$10,000    
  Insured Fund, Inc.              
 
  BlackRock MuniYield 100 None $1-$10,000    
  Quality Fund, Inc.              
 
  BlackRock MuniYield 100 None $1-$10,000    
  Quality Fund II, Inc.              
 
  BlackRock New York 200 None $1-$10,000    
  Insured Municipal              
  Income Trust              
 
  BlackRock New York 100 None $1-$10,000    
  Investment Quality              
  Municipal Trust, Inc.              
 
  BlackRock New York 100 None $1-$10,000    
  Municipal 2018              
  Term Trust              
 
  BlackRock New York 100 None $1-$10,000    
  Municipal Bond Trust              
 
  BlackRock New York 300 None $1-$10,000    
  Municipal Income              
  Trust              
 
  BlackRock New York 100 None $1-$10,000    
  Municipal Income              
  Trust II              
 
  BlackRock Preferred 100 None $1-$10,000    
  and Corporate              
  Income Strategies              
  Fund, Inc.              
 
  BlackRock Preferred 200 None $1-$10,000   2,520 $10,001  
  and Equity           -$50,000  
  Advantage Trust              
 
  BlackRock Preferred 100 None $1-$10,000   2,630 $10,001  
  Income Strategies           -$50,000  
  Fund, Inc.              
 
  BlackRock Preferred 100 None $1-$10,000    
  Opportunity Trust              
 
  BlackRock Real Asset 200 None $1-$10,000    
  Equity Trust              

C-8


Name of Board Member Fund Name Number of
Shares of
Common
Stock
Number of
Shares of
AMPS
Aggregate
Dollar
Range of
Equity
Securities
in Each

Fund
Aggregate
Dollar
Range of
Equity
Securities
in All Funds
Overseen
or To Be
Overseen
by the
Board
Member
in Fund
Complex
Number
of Share
Equivalents

(1)
Aggregate
Dollar
Range of
Share
Equivalents
in Each

Fund
Aggregate
Dollar
Range of
Common
Stock
and Share
Equivalents
in all

Funds









Independent Board Members:              
(continued)                
Richard E. Cavanagh BlackRock S&P 100 None $1-$10,000    
(continued) Quality Rankings              
  Global Equity              
  Managed Trust              
 
  BlackRock Senior 100 None $1-$10,000    
  High Income              
  Fund, Inc.              
 
  BlackRock Strategic 300 None $1-$10,000    
  Bond Trust              
 
  BlackRock Strategic 100 None $1-$10,000    
  Dividend Achievers™              
  Trust              
 
  BlackRock World 100 None $1-$10,000    
  Investment Trust              
 
  The BlackRock 100 None $1-$10,000    
  Insured Municipal              
  2008 Term Trust, Inc.              
 
  The BlackRock 100 None $1-$10,000    
  Insured Municipal              
  Term Trust, Inc.              
 
  The BlackRock 100 None $1-$10,000    
  New York Insured              
  Municipal 2008              
  Term Trust              
 
  The BlackRock 500 None $1-$10,000    
  Strategic Municipal              
  Trust              
 
  The Massachusetts 100 None $1-$10,000    
  Health & Education              
  Tax-Exempt Trust              
 
Kent Dixon BlackRock Broad 100 None $1-$10,000 Over Over
  Investment Grade       $100,000     $100,000
  2009 Term Trust Inc.              
 
  BlackRock Core 100 None $1-$10,000    
  Bond Trust              
 
  BlackRock Corporate None   2,725 $10,001  
  High Yield Fund           -$50,000  
  VI, Inc.              
 
  BlackRock Dividend 3,000 None $10,001    
  Achievers™ Trust     -$50,000        
 
  BlackRock 100 None $1-$10,000    
  EcoSolutions              
  Investment Trust              
 
  BlackRock Enhanced 3,000 None $10,001   2,622 $10,001  
  Dividend Achievers™     -$50,000     -$50,000  
  Trust              
 
  BlackRock Florida 100 None $1-$10,000    
  Insured Municipal              
  Income Trust              

C-9


Name of Board Member Fund Name Number of
Shares of
Common
Stock
Number of
Shares of
AMPS
Aggregate
Dollar
Range of
Equity
Securities
in Each

Fund
Aggregate
Dollar
Range of
Equity
Securities
in All Funds
Overseen
or To Be
Overseen
by the
Board
Member
in Fund
Complex
Number
of Share
Equivalents

(1)
Aggregate
Dollar
Range of
Share
Equivalents
in Each

Fund
Aggregate
Dollar
Range of
Common
Stock
and Share
Equivalents
in all

Funds









Independent Board Members:              
(continued)                
Kent Dixon BlackRock Florida 100 None $1-$10,000    
(continued) Investment Quality              
  Municipal Trust              
 
  BlackRock Florida 100 None $1-$10,000    
  Municipal 2020              
  Term Trust              
 
  BlackRock Florida 100 None $1-$10,000    
  Municipal Bond Trust              
 
  BlackRock Florida 2,100 None $10,001    
  Municipal Income     -$50,000        
  Trust              
 
  BlackRock Global 1,500 None $50,001   951 $10,001  
  Energy and     -$100,000     -$50,000  
  Resources Trust              
 
  BlackRock Global 1,000 None $10,001    
  Equity Income Trust     -$50,000        
 
  BlackRock Global 500 None $1-$10,000   2,038 $10,001  
  Floating Rate Income           -$50,000  
  Trust              
 
  BlackRock Global 3,000 None $50,001    
  Opportunities Equity     -$100,000        
  Trust              
 
  BlackRock Health 1,100 None $10,001    
  Sciences Trust     -$50,000        
 
  BlackRock High 500 None $1-$10,000    
  Income Shares              
 
  BlackRock High 5,000 None $10,001    
  Yield Trust     -$50,000        
 
  BlackRock Income 100 None $1-$10,000    
  Opportunity Trust, Inc.            
 
  BlackRock Income 100 None $1-$10,000    
  Trust, Inc.              
 
  BlackRock Insured 5,100 None $50,001    
  Municipal Income     -$100,000        
  Trust              
 
  BlackRock 2,000 None $10,001   1,920 $10,001  
  International Growth     -$50,000     -$50,000  
  and Income Trust              
 
  BlackRock Investment 100 None $1-$10,000    
  Quality Municipal              
  Trust, Inc.              
 
  BlackRock Limited 1,000 None $10,001   1,929 $10,001  
  Duration Income     -$50,000     -$50,000  
  Trust              
 
  BlackRock Long-Term 100 None $1-$10,000    
  Municipal Advantage              
  Trust              

C-10


Name of Board Member Fund Name Number of
Shares of
Common
Stock
Number of
Shares of
AMPS
Aggregate
Dollar
Range of
Equity
Securities
in Each

Fund
Aggregate
Dollar
Range of
Equity
Securities
in All Funds
Overseen
or To Be
Overseen
by the
Board
Member
in Fund
Complex
Number
of Share
Equivalents

(1)
Aggregate
Dollar
Range of
Share
Equivalents
in Each

Fund
Aggregate
Dollar
Range of
Common
Stock
and Share
Equivalents
in all

Funds









Independent Board Members:              
(continued)                
Kent Dixon BlackRock Municipal 100 None $1-$10,000    
(continued) 2018 Term Trust              
 
  BlackRock Municipal 100 None $1-$10,000    
  2020 Term Trust              
 
  BlackRock Municipal 5,000 None $50,001    
  Bond Trust     -$100,000        
 
  BlackRock Municipal 5,100 None $50,001    
  Income Trust     -$100,000        
 
  BlackRock Municipal 100 None $1-$10,000    
  Income Trust II              
 
  BlackRock Preferred 2,000 None $10,001   1,820 $10,001  
  and Equity Advantage     -$50,000     -$50,000  
  Trust              
 
  BlackRock Preferred None   1,898 $10,001  
  Income Strategies           -$50,000  
  Fund, Inc.              
 
  BlackRock Preferred 100 None $1-$10,000    
  Opportunity Trust              
 
  BlackRock Real 1,000 None $10,001    
  Asset Equity Trust     -$50,000        
 
  BlackRock S&P 100 None $1-$10,000    
  Quality Rankings              
  Global Equity              
  Managed Trust              
 
  BlackRock Strategic 100 None $1-$10,000    
  Bond Trust              
 
  BlackRock Strategic 100 None $1-$10,000    
  Dividend Achievers™              
  Trust              
 
  BlackRock World 1,000 None $10,001    
  Investment Trust     -$50,000        
 
  The BlackRock 100 None $1-$10,000    
  Florida Insured              
  Municipal 2008              
  Term Trust              
 
  The BlackRock 100 None $1-$10,000    
  Insured Municipal              
  2008 Term Trust, Inc.              
 
  The BlackRock 100 None $1-$10,000    
  Insured Municipal              
  Term Trust, Inc.              
 
  The BlackRock 100 None $1-$10,000    
  Strategic Municipal              
  Trust              
 
Frank J. Fabozzi BlackRock Apex 10 None $1-$10,000 $50,001 Over $100,000
  Municipal Fund, Inc.       -$100,000      

C-11


Name of Board Member Fund Name Number of
Shares of
Common
Stock
Number of
Shares of
AMPS
Aggregate
Dollar
Range of
Equity
Securities
in Each

Fund
Aggregate
Dollar
Range of
Equity
Securities
in All Funds
Overseen
or To Be
Overseen
by the
Board
Member
in Fund
Complex
Number
of Share
Equivalents

(1)
Aggregate
Dollar
Range of
Share
Equivalents
in Each

Fund
Aggregate
Dollar
Range of
Common
Stock
and Share
Equivalents
in all

Funds









Independent Board Members:              
(continued)                
Frank J. Fabozzi BlackRock Broad 10 None $1-$10,000    
(continued) Investment Grade              
  2009 Term Trust Inc.              
 
  BlackRock Core 20 None $1-$10,000    
  Bond Trust              
 
  BlackRock Corporate 10 None $1-$10,000    
  High Yield Fund              
 
  BlackRock Corporate 10 None $1-$10,000    
  High Yield Fund III              
 
  BlackRock Corporate 10 None $1-$10,000    
  High Yield Fund V, Inc.            
 
  BlackRock Corporate None   2,960 $10,001  
  High Yield Fund VI, Inc.         -$50,000  
 
  BlackRock Debt 10 None $1-$10,000    
  Strategies Fund, Inc.              
 
  BlackRock Defined 10 None $1-$10,000    
  Opportunity Credit              
  Trust              
 
  BlackRock Diversified 10 None $1-$10,000    
  Income Strategies              
  Fund, Inc.              
 
  BlackRock Dividend 300 None $1-$10,000    
  Achievers™ Trust              
 
  BlackRock 300 None $1-$10,000    
  EcoSolutions              
  Investment Trust              
 
  BlackRock Enhanced 100 None $1-$10,000   2,845 $10,001  
  Dividend Achievers™           -$50,000  
  Trust              
 
  BlackRock Enhanced 10 None $1-$10,000    
  Government Fund, Inc.            
 
  BlackRock Floating 10 None $1-$10,000    
  Rate Income              
  Strategies Fund Inc.              
 
  BlackRock Floating 10 None $1-$10,000    
  Rate Income              
  Strategies II              
  Fund, Inc.              
 
  BlackRock Global 100 None $1-$10,000   1,020 $10,001  
  Energy and           -$50,000  
  Resources Trust              
 
  BlackRock Global 300 None $1-$10,000    
  Equity Income Trust              
 
  BlackRock Global 100 None $1-$10,000   2,200 $10,001  
  Floating Rate           -$50,000  
  Income Trust              

C-12


Name of Board Member Fund Name Number of
Shares of
Common
Stock
Number of
Shares of
AMPS
Aggregate
Dollar
Range of
Equity
Securities
in Each

Fund
Aggregate
Dollar
Range of
Equity
Securities
in All Funds
Overseen
or To Be
Overseen
by the
Board
Member
in Fund
Complex
Number
of Share
Equivalents

(1)
Aggregate
Dollar
Range of
Share
Equivalents
in Each

Fund
Aggregate
Dollar
Range of
Common
Stock
and Share
Equivalents
in all

Funds









Independent Board Members:              
(continued)                
Frank J. Fabozzi BlackRock Global 100 None $1-$10,000    
(continued) Opportunities              
  Equity Trust              
 
  BlackRock Health 100 None $1-$10,000    
  Sciences Trust              
 
  BlackRock High 100 None $1-$10,000    
  Income Shares              
 
  BlackRock High 10 None $1-$10,000    
  Yield Trust              
 
  BlackRock Income 10 None $1-$10,000    
  Opportunity Trust, Inc.              
 
  BlackRock Income 2,010 None $10,001    
  Trust, Inc.     -$50,000        
 
  BlackRock Insured 10 None $1-$10,000    
  Municipal Income              
  Trust              
 
  BlackRock 300 None $1-$10,000   2,047 $10,001  
  International Growth           -$50,000  
  and Income Trust              
 
  BlackRock Investment 10 None $1-$10,000    
  Quality Municipal              
  Trust, Inc.              
 
  BlackRock Limited 100 None $1-$10,000   2,096 $10,001  
  Duration Income Trust           -$50,000  
 
  BlackRock Long-Term 100 None $1-$10,000    
  Municipal Advantage              
  Trust              
 
  BlackRock Muni 10 None $1-$10,000    
  Intermediate              
  Duration Fund, Inc.              
 
  BlackRock 10 None $1-$10,000    
  MuniAssets Fund, Inc.              
 
  BlackRock Municipal 20 None $1-$10,000    
  2018 Term Trust              
 
  BlackRock Municipal 100 None $1-$10,000    
  2020 Term Trust              
 
  BlackRock Municipal 20 None $1-$10,000    
  Bond Trust              
 
  BlackRock Municipal 20 None $1-$10,000    
  Income Trust              
 
  BlackRock Municipal 10 None $1-$10,000    
  Income Trust II              
 
  BlackRock 10 None $1-$10,000    
  MuniEnhanced              
  Fund, Inc.              
 
  BlackRock 10 None $1-$10,000    
  MuniHoldings              
  Fund, Inc.              

C-13


Name of Board Member Fund Name Number of
Shares of
Common
Stock
Number of
Shares of
AMPS
Aggregate
Dollar
Range of
Equity
Securities
in Each

Fund
Aggregate
Dollar
Range of
Equity
Securities
in All Funds
Overseen
or To Be
Overseen
by the
Board
Member
in Fund
Complex
Number
of Share
Equivalents

(1)
Aggregate
Dollar
Range of
Share
Equivalents
in Each

Fund
Aggregate
Dollar
Range of
Common
Stock
and Share
Equivalents
in all

Funds









Independent Board Members:              
(continued)                
Frank J. Fabozzi BlackRock 10 None $1-$10,000    
(continued) MuniHoldings              
  Fund II, Inc.              
 
  BlackRock 10 None $1-$10,000    
  MuniHoldings              
  Insured Fund, Inc.              
 
  BlackRock 10 None $1-$10,000    
  MuniHoldings              
  Insured Fund II, Inc.              
 
  BlackRock MuniVest 10 None $1-$10,000    
  Fund, Inc.              
 
  BlackRock MuniVest 10 None $1-$10,000    
  Fund II, Inc.              
 
  BlackRock MuniYield 10 None $1-$10,000    
  Fund, Inc.              
 
  BlackRock MuniYield 10 None $1-$10,000    
  Insured Fund, Inc.              
 
  Black Rock 10 None $1-$10,000    
  MuniYield              
  Pennsylvania              
  Insured Fund              
 
  BlackRock MuniYield 10 None $1-$10,000    
  Quality Fund, Inc.              
 
  BlackRock MuniYield 10 None $1-$10,000    
  Quality Fund II, Inc.              
 
  BlackRock Preferred 10 None $1-$10,000    
  and Corporate              
  Income Strategies              
  Fund, Inc.              
 
  BlackRock Preferred 100 None $1-$10,000   1,974 $10,001-  
  and Equity           $50,000  
  Advantage Trust              
 
  BlackRock Preferred None   2,064 $10,001  
  Income Strategies           -$50,000  
  Fund, Inc.              
 
  BlackRock Preferred 100 None $1-$10,000    
  Opportunity Trust              
 
  BlackRock Real Asset 100 None $1-$10,000    
  Equity Trust              
 
  BlackRock S&P 100 None $1-$10,000    
  Quality Rankings              
  Global Equity              
  Managed Trust              
 
  BlackRock Senior 10 None $1-$10,000    
  High Income Fund, Inc.            
 
  BlackRock Strategic 100 None $1-$10,000    
  Bond Trust              

C-14


Name of Board Member Fund Name Number of
Shares of
Common
Stock
Number of
Shares of
AMPS
Aggregate
Dollar
Range of
Equity
Securities
in Each

Fund
Aggregate
Dollar
Range of
Equity
Securities
in All Funds
Overseen
or To Be
Overseen
by the
Board
Member
in Fund
Complex
Number
of Share
Equivalents

(1)
Aggregate
Dollar
Range of
Share
Equivalents
in Each

Fund
Aggregate
Dollar
Range of
Common
Stock
and Share
Equivalents
in all

Funds









Independent Board Members:              
(continued)                
Frank J. Fabozzi BlackRock Strategic 100 None $1-$10,000    
(continued) Dividend Achievers™              
  Trust              
 
  BlackRock World 100 None $1-$10,000    
  Investment Trust              
 
  The BlackRock 10 None $1-$10,000    
  Insured Municipal              
  2008 Term Trust, Inc.              
 
  The BlackRock 10 None $1-$10,000    
  Insured Municipal              
  Term Trust, Inc.              
 
  The BlackRock 100 None $1-$10,000    
  Pennsylvania Strategic            
  Municipal Trust              
 
  The BlackRock 100 None $1-$10,000    
  Strategic Municipal              
  Trust              
 
Kathleen F. Feldstein BlackRock Broad 64 None $1-$10,000 $10,001 Over
  Investment Grade       -$50,000     $100,000
  2009 Term Trust Inc.              
 
  BlackRock Core 65 None $1-$10,000    
  Bond Trust              
 
  BlackRock Corporate None   1,451 $10,001  
  High Yield Fund           -$50,000  
  VI, Inc.              
 
  BlackRock Dividend 62 None $1-$10,000    
  Achievers™ Trust              
 
  BlackRock 104 None $1-$10,000    
  EcoSolutions              
  Investment Trust              
 
  BlackRock Enhanced 124 None $1-$10,000   1,420 $10,001  
  Dividend Achievers™           -$50,000  
  Trust              
 
  BlackRock Global 50 None $1-$10,000   512 $10,001  
  Energy and           -$50,000  
  Resources Trust              
 
  BlackRock Global 103 None $1-$10,000    
  Equity Income Trust              
 
  BlackRock Global 65 None $1-$10,000   1,066 $10,001  
  Floating Rate Income           -$50,000  
  Trust              
 
  BlackRock Global 100 None $1-$10,000    
  Opportunities Equity              
  Trust              
 
  BlackRock Health 126 None $1-$10,000    
  Sciences Trust              
 
  BlackRock High 131 None $1-$10,000    
  Income Shares              

C-15


Name of Board Member Fund Name Number of
Shares of
Common
Stock
Number of
Shares of
AMPS
Aggregate
Dollar
Range of
Equity
Securities
in Each

Fund
Aggregate
Dollar
Range of
Equity
Securities
in All Funds
Overseen
or To Be
Overseen
by the
Board
Member
in Fund
Complex
Number
of Share
Equivalents

(1)
Aggregate
Dollar
Range of
Share
Equivalents
in Each

Fund
Aggregate
Dollar
Range of
Common
Stock
and Share
Equivalents
in all

Funds









Independent Board Members:              
(continued)                
Kathleen F. Feldstein BlackRock High 66 None $1-$10,000    
(continued) Yield Trust              
 
  BlackRock Income 64 None $1-$10,000    
  Opportunity Trust, Inc.            
 
  BlackRock Income 62 None $1-$10,000    
  Trust, Inc.              
 
  BlackRock Insured 60 None $1-$10,000    
  Municipal Income              
  Trust              
 
  BlackRock 105 None $1-$10,000   987 $10,001  
  International Growth           -$50,000  
  and Income Trust              
 
  BlackRock Investment 61 None $1-$10,000    
  Quality Municipal              
  Trust, Inc.              
 
  BlackRock Limited 66 None $1-$10,000   1,029 $10,001  
  Duration Income           -$50,000  
  Trust              
 
  BlackRock Long-Term 107 None $1-$10,000    
  Municipal Advantage              
  Trust              
 
  BlackRock Municipal 60 None $1-$10,000    
  2018 Term Trust              
 
  BlackRock Municipal 60 None $1-$10,000    
  2020 Term Trust              
 
  BlackRock Municipal 62 None $1-$10,000    
  Bond Trust              
 
  BlackRock Municipal 61 None $1-$10,000    
  Income Trust              
 
  BlackRock Municipal 61 None $1-$10,000    
  Income Trust II              
 
  BlackRock Preferred 113 None $1-$10,000   967 $10,001  
  and Equity Advantage           -$50,000  
  Trust              
 
  BlackRock Preferred None   1,012 $10,001  
  Income Strategies           -$50,000  
  Fund, Inc.              
 
  BlackRock Preferred 66 None $1-$10,000    
  Opportunity Trust              
 
  BlackRock Real 111 None $1-$10,000    
  Asset Equity Trust              
 
  BlackRock S&P 60 None $1-$10,000    
  Quality Rankings              
  Global Equity              
  Managed Trust              
 
  BlackRock Strategic 65 None $1-$10,000    
  Bond Trust              

C-16


Name of Board Member Fund Name Number of
Shares of
Common
Stock
Number of
Shares of
AMPS
Aggregate
Dollar
Range of
Equity
Securities
in Each

Fund
Aggregate
Dollar
Range of
Equity
Securities
in All Funds
Overseen
or To Be
Overseen
by the
Board
Member
in Fund
Complex
Number
of Share
Equivalents

(1)
Aggregate
Dollar
Range of
Share
Equivalents
in Each

Fund
Aggregate
Dollar
Range of
Common
Stock
and Share
Equivalents
in all

Funds









Independent Board Members:              
(continued)                
Kathleen F. Feldstein BlackRock Strategic 62 None $1-$10,000    
(continued) Dividend Achievers™              
  Trust              
 
  BlackRock World 130 None $1-$10,000    
  Investment Trust              
 
  The BlackRock 59 None $1-$10,000    
  Insured Municipal              
  2008 Term Trust, Inc.              
 
  The BlackRock 57 None $1-$10,000    
  Insured Municipal              
  Term Trust, Inc.              
 
  The BlackRock 61 None $1-$10,000    
  Strategic Municipal              
  Trust              
 
James T. Flynn BlackRock Corporate None $50,001 787 $1-$10,000 Over
  High Yield Fund       -$100,000     $100,000
  VI, Inc.              
 
  BlackRock Enhanced None   791 $1-$10,000  
  Dividend Achievers™              
  Trust              
 
  BlackRock Global None   274 $1-$10,000  
  Energy and              
  Resources Trust              
 
  BlackRock Global None   582 $1-$10,000  
  Floating Rate              
  Income Trust              
 
  BlackRock None   495 $1-$10,000  
  International Growth              
  and Income Trust              
 
  BlackRock Limited None   569 $1-$10,000  
  Duration Income              
  Trust              
 
  BlackRock Preferred None   521 $1-$10,000  
  and Equity Advantage              
  Trust              
 
  BlackRock Preferred None   551 $1-$10,000  
  Income Strategies              
  Fund, Inc.              
 
  BlackRock Senior 6,783 None $50,001    
  Floating Rate     -$100,000        
  Fund, Inc.              
 
  BlackRock Senior 255 None $1-$10,000    
  Floating Rate              
  Fund II, Inc.              
 
Jerrold B. Harris BlackRock Apex 100 None $1-$10,000 $50,001 Over
  Municipal Fund, Inc.       -$100,000     $100,000
 
  BlackRock Broad 101 None $1-$10,000    
  Investment Grade              
  2009 Term Trust, Inc.              

C-17


Name of Board Member Fund Name Number of
Shares of
Common
Stock
Number of
Shares of
AMPS
Aggregate
Dollar
Range of
Equity
Securities
in Each

Fund
Aggregate
Dollar
Range of
Equity
Securities
in All Funds
Overseen
or To Be
Overseen
by the
Board
Member
in Fund
Complex
Number
of Share
Equivalents

(1)
Aggregate
Dollar
Range of
Share
Equivalents
in Each

Fund
Aggregate
Dollar
Range of
Common
Stock
and Share
Equivalents
in all

Funds









Independent Board Members:              
(continued)                
Jerrold B. Harris BlackRock Core 102 None $1-$10,000    
(continued) Bond Trust              
 
  BlackRock Corporate 103 None $1-$10,000    
  High Yield Fund, Inc.              
 
  BlackRock Corporate 103 None $1-$10,000    
  High Yield              
  Fund III, Inc.              
 
  BlackRock Corporate 103 None $1-$10,000    
  High Yield Fund V, Inc.            
 
  BlackRock Corporate 103 None $1-$10,000   715 $1-$10,000  
  High Yield Fund VI, Inc.            
 
  BlackRock Debt 102 None $1-$10,000    
  Strategies Fund, Inc.              
 
  BlackRock Diversified 102   $1-$10,000    
  Income Strategies              
  Fund, Inc.              
 
  BlackRock Dividend 102 None $1-$10,000    
  Achievers™ Trust              
 
  BlackRock 102 None $1-$10,000    
  EcoSolutions              
  Investment Trust              
 
  BlackRock Enhanced 103 None $1-$10,000    
  Capital and Income              
  Fund, Inc.              
 
  BlackRock Enhanced 102 None $1-$10,000   719 $1-$10,000  
  Dividend Achievers™              
  Trust              
 
  BlackRock Enhanced 100 None $1-$10,000    
  Equity Yield &              
  Premium Fund, Inc.              
 
  BlackRock Enhanced 103 None $1-$10,000    
  Equity Yield Fund, Inc.              
 
  BlackRock Enhanced 101 None $1-$10,000    
  Government Fund,              
  Inc.              
 
  BlackRock Floating 102 None $1-$10,000    
  Rate Income              
  Strategies Fund, Inc.              
 
  BlackRock Floating 102 None $1-$10,000    
  Rate Income              
  Strategies Fund II, Inc.            
 
  BlackRock Global 233 None $1-$10,000   249 $1-$10,000  
  Energy and              
  Resources Trust              
 
  BlackRock Global 100 None $1-$10,000    
  Equity Income Trust              

C-18


Name of Board Member Fund Name Number of
Shares of
Common
Stock
Number of
Shares of
AMPS
Aggregate
Dollar
Range of
Equity
Securities
in Each

Fund
Aggregate
Dollar
Range of
Equity
Securities
in All Funds
Overseen
or To Be
Overseen
by the
Board
Member
in Fund
Complex
Number
of Share
Equivalents

(1)
Aggregate
Dollar
Range of
Share
Equivalents
in Each

Fund
Aggregate
Dollar
Range of
Common
Stock
and Share
Equivalents
in all

Funds









Independent Board Members:              
(continued)                
Jerrold B. Harris BlackRock Global 102 None $1-$10,000   529 $1-$10,000  
(continued) Floating Rate              
  Income Trust              
 
  BlackRock Global 100 None $1-$10,000    
  Opportunities Equity              
  Trust              
 
  BlackRock Health 102 None $1-$10,000    
  Sciences Trust              
 
  BlackRock High 103 None $1-$10,000    
  Income Shares              
 
  BlackRock High 102 None $1-$10,000    
  Yield Trust              
 
  BlackRock Income 102 None $1-$10,000    
  Opportunity Trust, Inc.              
 
  BlackRock Income 101 None $1-$10,000    
  Trust, Inc.              
 
  BlackRock Insured 100 None $1-$10,000    
  Municipal Income              
  Trust              
 
  BlackRock 102 None $1-$10,000   450 $1-$10,000  
  International Growth              
  and Income Trust              
 
  BlackRock Investment 100 None $1-$10,000    
  Quality Municipal              
  Trust, Inc.              
 
  BlackRock Limited 102 None $1-$10,000   517 $1-$10,000  
  Duration Income              
  Trust              
 
  BlackRock Long-Term 100 None $1-$10,000    
  Municipal Advantage              
  Trust              
 
  BlackRock Maryland 100 None $1-$10,000    
  Municipal Bond Trust              
 
  BlackRock Muni 100 None $1-$10,000    
  Intermediate Duration              
  Fund, Inc.              
 
  BlackRock 100 None $1-$10,000    
  MuniAssets Fund, Inc.              
 
  BlackRock Municipal 101 None $1-$10,000    
  2018 Term Trust              
 
  BlackRock Municipal 101 None $1-$10,000    
  2020 Term Trust              
 
  BlackRock Municipal 102 None $1-$10,000    
  Bond Trust              
 
  BlackRock Municipal 102 None $1-$10,000    
  Income Trust              
 
  BlackRock Municipal 102 None $1-$10,000    
  Income Trust II              

C-19


Name of Board Member Fund Name Number of
Shares of
Common
Stock
Number of
Shares of
AMPS
Aggregate
Dollar
Range of
Equity
Securities
in Each

Fund
Aggregate
Dollar
Range of
Equity
Securities
in All Funds
Overseen
or To Be
Overseen
by the
Board
Member
in Fund
Complex
Number
of Share
Equivalents

(1)
Aggregate
Dollar
Range of
Share
Equivalents
in Each

Fund
Aggregate
Dollar
Range of
Common
Stock
and Share
Equivalents
in all

Funds









Independent Board Members:              
(continued)                
Jerrold B. Harris BlackRock 101 None $1-$10,000    
(continued) MuniEnhanced              
  Fund, Inc.              
 
  BlackRock 101 None $1-$10,000    
  MuniHoldings              
  Fund, Inc.              
 
  BlackRock 101 None $1-$10,000    
  MuniHoldings              
  Fund II, Inc.              
 
  BlackRock 101 None $1-$10,000    
  MuniHoldings              
  Insured Fund, Inc.              
 
  BlackRock 101 None $1-$10,000    
  MuniHoldings              
  Insured Fund II, Inc.              
 
  BlackRock 101 None $1-$10,000    
  MuniVest Fund, Inc.              
 
  BlackRock MuniVest 101 None $1-$10,000    
  Fund II, Inc.              
 
  BlackRock MuniYield 101 None $1-$10,000    
  Fund, Inc.              
 
  BlackRock MuniYield 101 None $1-$10,000    
  Insured Fund, Inc.              
 
  BlackRock MuniYield 101 None $1-$10,000    
  Quality Fund, Inc.              
 
  BlackRock MuniYield 101 None $1-$10,000    
  Quality Fund II, Inc.              
 
  BlackRock Preferred 102 None $1-$10,000    
  and Corporate              
  Income Strategies              
  Fund              
 
  BlackRock Preferred 102 None $1-$10,000   474 $1-$10,000  
  and Equity              
  Advantage Trust              
 
  BlackRock Preferred 102 None $1-$10,000   501 $1-$10,000  
  Income Strategies              
 
  BlackRock Preferred 102 None $1-$10,000    
  Opportunity Trust              
 
  BlackRock Real 101 None $1-$10,000    
  Asset Equity Trust              
 
  BlackRock S&P 100 None $1-$10,000    
  Quality Rankings              
  Global Equity              
  Managed Trust              
 
  BlackRock Senior 102 None $1-$10,000    
  High Income Fund, Inc.            
 
  BlackRock Strategic 102 None $1-$10,000    
  Bond Trust              

C-20


Name of Board Member Fund Name Number of
Shares of
Common
Stock
Number of
Shares of
AMPS
Aggregate
Dollar
Range of
Equity
Securities
in Each

Fund
Aggregate
Dollar
Range of
Equity
Securities
in All Funds
Overseen
or To Be
Overseen
by the
Board
Member
in Fund
Complex
Number
of Share
Equivalents

(1)
Aggregate
Dollar
Range of
Share
Equivalents
in Each

Fund
Aggregate
Dollar
Range of
Common
Stock
and Share
Equivalents
in all

Funds









Independent Board Members:              
(continued)                
Jerrold B. Harris BlackRock Strategic 102 None $1-$10,000    
(continued) Dividend Achievers™              
  Trust              
 
  BlackRock World 101 None $1-$10,000    
  Investment Trust              
 
  BlackRock Insured 100 None $1-$10,000    
  Municipal Term              
  Trust, Inc.              
 
  BlackRock Strategic 102 None $1-$10,000    
  Municipal Trust              
 
R. Glenn Hubbard BlackRock Broad 128 None $1-$10,000 $50,001 Over
  Investment Grade       -$100,000     $100,000
  Term Trust, Inc.              
 
  BlackRock Core 126 None $1-$10,000    
  Bond Trust              
 
  BlackRock Corporate None   6,766 $50,001  
  High Yield Fund           -$100,000  
  VI, Inc.              
 
  BlackRock Dividend 124 None $1-$10,000    
  Achievers™ Trust              
 
  BlackRock Enhanced 124 None $1-$10,000   6,443 $50,001  
  Dividend Achievers™           -$100,000  
  Trust              
 
  BlackRock Global 236 None $1-$10,000   2,319 $50,001  
  Energy and           -$100,000  
  Resources Trust              
 
  BlackRock Global 103 None $1-$10,000    
  Equity Income Trust              
 
  BlackRock Global 130 None $1-$10,000   5,033 $50,001  
  Floating Rate           -$100,000  
  Income Trust              
 
  BlackRock Global 132 None $1-$10,000    
  Opportunities Equity              
  Trust              
 
  BlackRock Health 126 None $1-$10,000    
  Sciences Trust              
 
  BlackRock High 132 None $1-$10,000    
  Income Shares              
 
  BlackRock High 132 None $1-$10,000    
  Yield Trust              
 
  BlackRock Income 128 None $1-$10,000    
  Opportunity Trust, Inc.            
 
  BlackRock Income 124 None $1-$10,000    
  Trust, Inc.              
 
  BlackRock Insured 119 None $1-$10,000    
  Municipal Income Trust            

C-21


Name of Board Member Fund Name Number of
Shares of
Common
Stock
Number of
Shares of
AMPS
Aggregate
Dollar
Range of
Equity
Securities
in Each

Fund
Aggregate
Dollar
Range of
Equity
Securities
in All Funds
Overseen
or To Be
Overseen
by the
Board
Member
in Fund
Complex
Number
of Share
Equivalents

(1)
Aggregate
Dollar
Range of
Share
Equivalents
in Each

Fund
Aggregate
Dollar
Range of
Common
Stock
and Share
Equivalents
in all

Funds









Independent Board Members:              
(continued)                
R. Glenn Hubbard BlackRock 104 None $1-$10,000   4,710 $50,001-  
(continued) International Growth           $100,000  
  and Income Trust              
 
  BlackRock Investment 121 None $1-$10,000    
  Quality Municipal              
  Trust, Inc.              
 
  BlackRock Limited 132 None $1-$10,000   4,849 $50,001  
  Duration Income Trust         -$100,000  
 
  BlackRock Long-Term 107 None $1-$10,000    
  Municipal Advantage              
  Trust              
 
  BlackRock Municipal 120 None $1-$10,000    
  2018 Term Trust              
 
  BlackRock Municipal 119 None $1-$10,000    
  2020 Term Trust              
 
  BlackRock Municipal 123 None $1-$10,000    
  Bond Trust              
 
  BlackRock Municipal 122 None $1-$10,000    
  Income Trust              
 
  BlackRock Municipal 122 None $1-$10,000    
  Income Trust II              
 
  BlackRock New York 119 None $1-$10,000    
  Insured Municipal              
  Income Trust              
 
  BlackRock New York 119 None $1-$10,000    
  Investment Quality              
  Municipal Trust, Inc.              
 
  BlackRock New York 117 None $1-$10,000    
  Municipal 2018              
  Term Trust              
 
  BlackRock New York 120 None $1-$10,000    
  Municipal Bond Trust              
 
  BlackRock New York 120 None $1-$10,000    
  Municipal Income              
  Trust              
 
  BlackRock New York 119 None $1-$10,000    
  Municipal Income              
  Trust II              
 
  BlackRock Preferred 113 None $1-$10,000   4,516 $50,001  
  and Equity           -$100,000  
  Advantage Trust              
 
  BlackRock Preferred None   4,716 $50,001  
  Income Strategies           -$100,000  
  Fund, Inc.              
 
  BlackRock Preferred 133 None $1-$10,000    
  Opportunity Trust              
 
  BlackRock Real 111 None $1-$10,000    
  Asset Equity Trust              

C-22


Name of Board Member Fund Name Number of
Shares of
Common
Stock
Number of
Shares of
AMPS
Aggregate
Dollar
Range of
Equity
Securities
in Each

Fund
Aggregate
Dollar
Range of
Equity
Securities
in All Funds
Overseen
or To Be
Overseen
by the
Board
Member
in Fund
Complex
Number
of Share
Equivalents

(1)
Aggregate
Dollar
Range of
Share
Equivalents
in Each

Fund
Aggregate
Dollar
Range of
Common
Stock
and Share
Equivalents
in all

Funds









Independent Board Members:              
(continued)                
R. Glenn Hubbard BlackRock S&P 120 None $1-$10,000    
(continued) Quality Rankings              
  Global Equity              
  Managed Trust              
 
  BlackRock Strategic 131 None $1-$10,000    
  Bond Trust              
 
  BlackRock Strategic 123 None $1-$10,000    
  Dividend Achievers™              
  Trust              
 
  BlackRock World 130 None $1-$10,000    
  Investment Trust              
 
  The BlackRock 116 None $1-$10,000    
  Insured Municipal              
  2008 Term Trust, Inc.              
 
  The BlackRock 115 None $1-$10,000    
  Insured Municipal              
  Term Trust, Inc.              
 
  The BlackRock 116 None $1-$10,000    
  New York Insured              
  Municipal 2008              
  Term Trust              
 
  The BlackRock 122 None $1-$10,000    
  Strategic Municipal              
  Trust              
 
W. Carl Kester BlackRock Broad 100 None $1-$10,000 Over Over
  Investment Grade       $100,000     $100,000
  2009 Term Trust              
 
  BlackRock Core 1,000 None $10,001    
  Bond Trust     -$50,000        
 
  BlackRock Corporate 100 None $1-$10,000    
  High Yield Fund, Inc.              
 
  BlackRock Corporate 100 None $1-$10,000    
  High Yield Fund              
  III, Inc.              
 
  BlackRock Corporate 100 None $1-$10,000    
  High Yield Fund V, Inc.            
 
  BlackRock Corporate None   429 $1-$10,000  
  High Yield Fund VI, Inc.            
 
  BlackRock Debt 100 None $1-$10,000    
  Strategies Fund, Inc.              
 
  BlackRock Diversified 100 None $1-$10,000    
  Income Strategies              
  Fund, Inc.              
 
  BlackRock Dividend 100 None $1-$10,000    
  Achievers™ Trust              
 
  BlackRock Enhanced 1,000 None $10,001    
  Capital and Income     -$50,000        
  Fund, Inc.              

C-23


Name of Board Member Fund Name Number of
Shares of
Common
Stock
Number of
Shares of
AMPS
Aggregate
Dollar
Range of
Equity
Securities
in Each

Fund
Aggregate
Dollar
Range of
Equity
Securities
in All Funds
Overseen
or To Be
Overseen
by the
Board
Member
in Fund
Complex
Number
of Share
Equivalents

(1)
Aggregate
Dollar
Range of
Share
Equivalents
in Each

Fund
Aggregate
Dollar
Range of
Common
Stock
and Share
Equivalents
in all

Funds









Independent Board Members:              
(continued)                
W. Carl Kester BlackRock Enhanced None   432 $1-$10,000  
(continued) Dividend Achievers™              
  Trust              
 
  BlackRock Enhanced 500 None $1-$10,000    
  Equity Yield &              
  Premium Fund, Inc.              
 
  BlackRock Enhanced 500 None $1-$10,000    
  Equity Yield Fund, Inc.              
 
  BlackRock Enhanced 1,000 None $10,001    
  Government Fund, Inc.     -$50,000        
 
  BlackRock Floating 100 None $1-$10,000    
  Rate Income              
  Strategies Fund, Inc.              
 
  BlackRock Floating 100 None $1-$10,000    
  Rate Income              
  Strategies Fund II, Inc.            
 
  BlackRock Global None   149 $1-$10,000  
  Energy and              
  Resources Trust              
 
  BlackRock Global 100 None $1-$10,000    
  Equity Income Trust              
 
  BlackRock Global None   317 $1-$10,000  
  Floating Rate              
  Income Trust              
 
  BlackRock Global 100 None $1-$10,000    
  Opportunities Equity              
  Trust              
 
  BlackRock Health 100 None $1-$10,000    
  Sciences Trust              
 
  BlackRock High 500 None $1-$10,000    
  Income Shares              
 
  BlackRock High 100 None $1-$10,000    
  Yield Trust              
 
  BlackRock Income 100 None $1-$10,000    
  Opportunity Trust              
 
  BlackRock Income 3,000 None $10,001    
  Trust, Inc.     -$50,000        
 
  BlackRock None   270 $1-$10,000  
  International Growth              
  and Income Trust              
 
  BlackRock Limited None   310 $1-$10,000  
  Duration Income Trust              
 
  BlackRock Preferred 100 None $1-$10,000    
  and Corporate              
  Income Strategies              
  Fund              

C-24


Name of Board Member Fund Name Number of
Shares of
Common
Stock
Number of
Shares of
AMPS
Aggregate
Dollar
Range of
Equity
Securities
in Each

Fund
Aggregate
Dollar
Range of
Equity
Securities
in All Funds
Overseen
or To Be
Overseen
by the
Board
Member
in Fund
Complex
Number
of Share
Equivalents

(1)
Aggregate
Dollar
Range of
Share
Equivalents
in Each

Fund
Aggregate
Dollar
Range of
Common
Stock
and Share
Equivalents
in all

Funds









Independent Board Members:              
(continued)                
W. Carl Kester BlackRock Preferred None   284 $1-$10,000  
(continued) and Equity              
  Advantage Trust              
 
  BlackRock Preferred 100 None $1-$10,000   301 $1-$10,000  
  Income Strategies              
  Fund, Inc.              
 
  BlackRock Preferred 100 None $1-$10,000    
  Opportunity Trust              
 
  BlackRock Real 100 None $1-$10,000    
  Asset Equity Trust              
 
  BlackRock S&P 100 None $1-$10,000    
  Quality Rankings              
  Global Equity              
  Managed Trust              
 
  BlackRock Senior 1,000 None $1-$10,000    
  High Income Fund, Inc.            
 
  BlackRock Strategic 100 None $1-$10,000    
  Bond Trust              
 
  BlackRock Strategic 100 None $1-$10,000    
  Dividend Achievers™              
  Trust              
 
  BlackRock World 1,000 None $10,001    
  Investment Trust     -$50,000        
 
Karen P. Robards BlackRock Corporate None Over 661 $1-$10,000 Over
  High Yield Fund VI, Inc.     $100,000     $100,000
 
  BlackRock Enhanced 1026 None $10,001    
  Capital and Income     -$50,000        
  Fund, Inc.              
 
  BlackRock Enhanced None   665 $1-$10,000  
  Dividend Achievers™              
  Trust              
 
  BlackRock Enhanced 912 None $10,001    
  Equity Yield Fund, Inc.     -$50,000        
 
  BlackRock Global 400 None $10,001   230 $1-$10,000  
  Energy and     -$50,000        
  Resources Trust              
 
  BlackRock Global None   489 $1-$10,000  
  Floating Rate              
  Income Trust              
 
  BlackRock Health 500 None $10,001    
  Sciences Trust     -$50,000        
 
  BlackRock None   415 $1-$10,000  
  International Growth              
  and Income Trust              
 
  BlackRock Limited None   478 $1-$10,000  
  Duration Income Trust            

C-25


Name of Board Member Fund Name Number of
Shares of
Common
Stock
Number of
Shares of
AMPS
Aggregate
Dollar
Range of
Equity
Securities
in Each

Fund
Aggregate
Dollar
Range of
Equity
Securities
in All Funds
Overseen
or To Be
Overseen
by the
Board
Member
in Fund
Complex
Number
of Share
Equivalents

(1)
Aggregate
Dollar
Range of
Share
Equivalents
in Each

Fund
Aggregate
Dollar
Range of
Common
Stock
and Share
Equivalents
in all

Funds









Independent Board Members:              
(continued)                
Karen P. Robards BlackRock New York 750 None $10,001    
(continued) Municipal 2018     -$50,000        
  Term Trust              
 
  BlackRock Preferred 675 None $10,001    
  and Corporate     -$50,000        
  Income Strategies              
  Fund              
 
  BlackRock Preferred None   438 $1-$10,000  
  and Equity Advantage              
  Trust              
 
  BlackRock Preferred 690 None $10,001   463 $1-$10,000  
  Income Strategies     -$50,000        
  Fund, Inc.              
 
  BlackRock Real 700 None $10,001    
  Asset Equity Trust     -$50,000        
 
  BlackRock New York 750 None $10,001    
  Insured Municipal     -$50,000        
  2008 Term Trust              
 
Robert S. Salomon, Jr. None   None   None      

(1)      Represents, as of May 31, 2008, the approximate number of share equivalents owned under the deferred compensation plan in each Fund by certain Independent Board Members who have participated in the deferred compensation plan. Under the deferred compensation plan BlackRock International Growth and Income Trust, BlackRock Enhanced Dividend Achievers™ Trust, BlackRock Global Energy and Resources Trust, BlackRock Global Floating Rating Income Trust, BlackRock Limited Duration Income Trust, BlackRock Preferred and Equity Advantage Trust, BlackRock Corporate High Yield Fund VI, Inc. and BlackRock Preferred Income Strategies Fund, Inc. are eligible investments.

     As of July 14, 2008, all Board Members and officers as a group owned less than 1% of the outstanding shares of each Fund for which they are nominated to oversee.

     None of the Independent Board Members or their family members had any interest in BlackRock or any person directly or indirectly controlling, controlled by, or under common control with BlackRock as of May 31, 2008.

C-26


Appendix D

Meetings of the Boards

     During the most recent full fiscal year for each Fund listed in the table below, the Board met the following number of times:

  Pre-Amended
Fiscal
Year End†
Post-Amended
Fiscal
Year End
Number of
Board
Meetings
 
Fund




ARK 28-Feb N/A 6
CII 31-Dec 31-Oct 6
COY 31-May 28-Feb 6
CYE 31-May 28-Feb 6
DSU 28-Feb N/A 6
DVF 31-Aug N/A 6
ECV 31-Dec N/A 6
EEF 31-Dec N/A 6
EGF 31-Dec N/A 6
FRA 31-Aug N/A 6
FRB 28-Feb N/A 7
HYT 31-Aug N/A 5
HYV 31-Aug N/A 5
MCA 31-Oct 31-Jul 5
MEN 31-Jan 30-Apr 5
MFL 31-Aug N/A 6
MFT 31-Oct 31-Jul 5
MHD 30-Apr N/A 7
MHE 31-Dec 31-Aug 6
MHN 31-Aug N/A 6
MIY 31-Oct 31-Jul 5
MJI 31-Oct 31-Jul 5
MNE 31-May 31-Jul 6
MPA 31-Oct 31-Jul 5
MQT 31-Oct 30-Apr 5
MQY 31-Oct 30-Apr 5
MUC 30-Jun 31-Jul 6
MUE 30-Sep 31-Jul 5
MUH 31-Jul 30-Apr 6
MUI 31-May 30-Apr 6
MUJ 31-Jul N/A 6
MUS 30-Apr N/A 7
MVF 31-Aug N/A 6
MVT 31-Oct 30-Apr 6
MYC 31-Oct 31-Jul 5
MYD 31-Oct 30-Apr 5
MYF 31-Oct 31-Jul 5
MYI 31-Oct 31-Jul 5
MYJ 30-Nov 31-Jul 4
MYM 31-Oct 31-Jul 5
MYN 31-Oct 31-Jul 5
MZA 31-Oct 31-Jul 5
PSW 31-Oct N/A 5
PSY 31-Oct N/A 5

†    

The fiscal year end (FYE) for certain Funds was amended at a meeting of the Boards in May 2008. However, the information reflected in this chart is for the pre-amended FYE.

     No incumbent Board Member attended less than 75% of the aggregate number of meetings of each Board and of each committee of each Board on which the Board Member served.

D-1







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Appendix E

Standing Committees of the Boards

     The business and affairs of each Fund are managed by or under the direction of its Board. The Board of each Fund has established the following standing committees.

     Audit Committee. Each Board has a standing Audit Committee comprised of Karen P. Robards, Kent Dixon, Frank J. Fabozzi, James T. Flynn, W. Carl Kester and Robert S. Salomon, Jr., each of whom is an Independent Board Member. The primary purposes of each Board’s Audit Committee are to assist the Board in fulfilling its responsibility for oversight of the integrity of the accounting, auditing and financial reporting practices of the Funds, the qualifications and independence of the Funds’ independent registered public accounting firm, and the Funds’ compliance with legal and regulatory requirements. The Audit Committees review the scope of the Funds’ audit, accounting and financial reporting policies and practices and internal controls. The Audit Committees approve, and recommend to the Independent Board Members for their ratification, the selection, appointment, retention or termination of the Funds’ independent registered public accounting firms. The Audit Committees also approve all audit and permissible non-audit services provided by the Funds’ independent registered public accounting firms to its manager or adviser and any affiliated service providers if the engagement relates directly to the Fund’s operations and financial reporting of the Fund. A copy of the Audit Committee Charter for each Fund is included in Appendix F.

     Governance and Nominating Committee. Each Board has a standing Governance and Nominating Committee. Each Governance and Nominating Committee is comprised of R. Glenn Hubbard, G. Nicholas Beckwith, III, Richard E. Cavanagh, Jerrold B. Harris and Kathleen F. Feldstein, each of whom is not an “interested persons” within the meaning of the 1940 Act.

     Each Governance and Nominating Committee is responsible for, among other things, recommending candidates to fill vacancies on the Board, scheduling and organization of Board meetings, evaluating the structure and composition of the board and determining compensation of the Fund’s non-interested Board Members. Each Governance and Nominating Committee may consider nominees recommended by a shareholder. Shareholders who wish to recommend a nominee should send recommendations to the Fund’s Secretary that include all information relating to such person that is required to be disclosed in solicitations of proxies for the election of Board Members. To have a candidate considered by the Governance and Nominating Committee, a shareholder must submit the recommendation in writing and must include:

     Such recommendation must be accompanied by a written consent of each proposed candidate to being named as a nominee and to serve as a director/trustee if elected. The Governance and Nominating Committee may also take into consideration the number of shares held by the

E-1


recommending shareholder and the length of time that such shares have been held. A copy of the Governance and Nominating Committee Charter for each Fund is included in Appendix F.

     Compliance Committee. Each Fund has a Compliance Committee composed of Kathleen F. Feldstein, G. Nicholas Beckwith, III, Richard E. Cavanagh, Jerrold B. Harris and R. Glenn Hubbard, each of whom is not an “interested persons” within the meaning of the 1940 Act. The Compliance Committee performs those functions enumerated in the Compliance Committee charter, including, but not limited to, supporting the Board Members in acting independently of BlackRock Advisors in pursuing the best interests of the Funds and their shareholders, receiving information on and, where appropriate, recommending policies concerning the Funds’ compliance with applicable law, and receiving reports from and making certain recommendations in respect of the Funds’ Chief Compliance Officer.

     Performance Oversight Committee. Each Fund has a Performance Oversight Committee composed of all of the Independent Board Members. The Performance Oversight Committee acts in accordance with the Performance Oversight Committee charter. The Performance Oversight Committee performs those functions enumerated in the Performance Oversight Committee charter, including, but not limited to, supporting the Board Members who are not “interested persons,” within the meaning of the 1940 Act, of the Funds in acting independently of BlackRock in pursuing the best interests of the Funds and their shareholders, developing an understanding of and reviewing the investment objective, policies and practices of the Funds, and reviewing with respect to the Funds: (a) whether the Funds have complied with their investment policies and restrictions as reflected in its prospectus and statement of additional information, (b) appropriate benchmarks and competitive universes, (c) investment performance, (d) unusual or exceptional investment matters, and (e) other matters bearing on the Funds’ investment results.

     Executive Committee. Each Fund has an Executive Committee composed of Messrs. Cavanagh and Davis, which acts on behalf of the full Board on certain matters in the interval between meetings of the Board.

     Each Governance and Nominating Committee, each Audit Committee, each Compliance Committee and each Performance Oversight Committee met the following number of times for each Fund’s most recent fiscal year:

Fund Pre-Amended
Fiscal

Year End†
Post-Amended
Fiscal

Year End
Number of
Audit
Committee
Meetings
Number of
Governance
and
Nominating
Committee
Meetings
Number of
Compliance
Committee
Meetings
Number of
Performance
Oversight
Committee
Meeting







ARK 28-Feb N/A 5 3 2 2
CII 31-Dec 31-Oct 5 2 1 1
COY 31-May 28-Feb 5 3 3 3
CYE 31-May 28-Feb 5 3 3 3
DSU 28-Feb N/A 5 3 2 2
DVF 31-Aug N/A 6 1 0 0
ECV 31-Dec N/A 5 2 1 1
EEF 31-Dec N/A 5 2 1 1
EGF 31-Dec N/A 5 2 1 1
FRA 31-Aug N/A 6 1 0 0
FRB 28-Feb N/A 6 3 2 2
HYT 31-Aug N/A 6 1 0 0
HYV 31-Aug N/A 6 1 0 0
MCA 31-Oct 31-Jul 6 1 0 0
MEN 31-Jan 30-Apr 5 2 1 1
MFL 31-Aug N/A 7 1 0 0
MFT 31-Oct 31-Jul 5 1 0 0
MHD 30-Apr N/A 5 3 2 2
MHE 31-Dec 31-Aug 5 1 1 1
MHN 31-Aug N/A 7 1 0 0

E-2


Fund Pre-Amended
Fiscal

Year End†
Post-Amended
Fiscal

Year End
Number of
Audit
Committee
Meetings
Number of
Governance
and
Nominating
Committee
Meetings
Number of
Compliance
Committee
Meetings
Number of
Performance
Oversight
Committee
Meeting







MIY 31-Oct 31-Jul 5 1 0 0
MJI 31-Oct 31-Jul 5 1 0 0
MNE 31-May 31-Jul 5 3 3 3
MPA 31-Oct 31-Jul 5 1 0 0
MQT 31-Oct 30-Apr 6 1 0 0
MQY 31-Oct 30-Apr 6 1 0 0
MUC 30-Jun 31-Jul 4 3 3 3
MUE 30-Sep 31-Jul 5 1 0 0
MUH 31-Jul 30-Apr 7 1 0 0
MUI 31-May 30-Apr 5 3 3 3
MUJ 31-Jul N/A 7 1 0 0
MUS 30-Apr N/A 5 3 2 2
MVF 31-Aug N/A 7 1 0 0
MVT 31-Oct 30-Apr 6 1 0 0
MYC 31-Oct 31-Jul 6 1 0 0
MYD 31-Oct 30-Apr 6 1 0 0
MYF 31-Oct 31-Jul 6 1 0 0
MYI 31-Oct 31-Jul 6 1 0 0
MYJ 30-Nov 31-Jul 5 2 1 1
MYM 31-Oct 31-Jul 6 1 0 0
MYN 31-Oct 31-Jul 6 1 0 0
MZA 31-Oct 31-Jul 6 1 0 0
PSW 31-Oct N/A 4 1 0 0
PSY 31-Oct N/A 4 1 0 0

†    

The fiscal year end (FYE) for certain Funds was amended at a meeting of the Boards in May 2008. However, the information reflected in this chart is for the pre-amended FYE.


E-3







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Appendix F

Joint Audit Committee Charter
of
The BlackRock Closed-End Funds

A. Background

     Each of the closed-end funds managed by BlackRock Advisors, LLC or its affiliates (collectively, “BlackRock”) is referred to as the “Fund”; the Board of Trustees/Directors of the Fund is referred to as the “Board of Directors” and its members are referred to as the “Directors”; and the Directors who are not “interested persons” (as such term is defined in the Investment Company Act of 1940) of the Fund are referred to as the “Independent Directors”. The Board of Directors, including at least a majority of the Independent Directors, has adopted this Charter. The Audit Committee is referred to as the “Committee”.

B. Purposes of the Committee

     The purpose of the Committee is to assist the Board in fulfilling its oversight responsibilities relating to the accounting and financial reporting policies and practices of the Fund, including:

     (1) the integrity of the Fund’s financial statements;

     (2) the Fund’s compliance with legal and regulatory requirements;

     (3) the qualifications and independence of the Fund’s independent auditors;

     (4) the performance of the Fund’s internal audit function provided by its investment advisor, administrator, pricing agent or other service providers; and

     (5) preparing for each Fund the report required to be included in its annual proxy statement, if any, by the rules of the Securities and Exchange Commission.

C. The Members of the Committee

     The Committee shall be composed of at least three members of the Board, each of whom is an Independent Director. No member of the Committee shall directly or indirectly receive any compensation from the Fund, except compensation for services as a member or officer of the Fund’s Board or a committee of the Board1. Members shall have no relationships with the Fund, BlackRock or the Fund’s administrator or custodian that may interfere with the exercise of their independence from management of the Fund. The members and the Committee chair will be elected by the full Board. The Chairman of the Board may designate an acting Chair in the absence of the Chair.

     Each member shall be “financially literate” as the Board interprets such qualification in its business judgment. At least one member shall have accounting or related financial management expertise, as the Board interprets such qualification in its business judgment. The Board shall determine annually whether any member of the Committee is an “audit committee financial expert” (“ACFE”) as defined in Item 3 of Form N-CSR. The Board may presume that an ACFE has the requisite accounting or related financial management expertise. The designation of a person as an ACFE shall not impose any greater responsibility or liability on that person than the responsibility or liability imposed on such person as a member of the Committee.

     If a member simultaneously serves on the audit committees of more than three public companies, the Board shall determine whether such simultaneous service would impair the ability of such member to effectively serve on the Fund’s audit committee. The Board has determined that simultaneous service on the Committee of each Fund shall be deemed to be equivalent to service on the audit


1      For this purpose, compensation includes any compensation paid by a Fund or a subsidiary for services to a law firm, accounting firm, consulting firm, investment bank or financial advisory firm in which the Committee member is a partner, member, executive officer or holds a similar position.

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committee of a single public company for purposes of this requirement and that such service does not impair the ability of a member to effectively serve on the Committee of any single Fund.

D. Chair; Functions of the Chair

     The Chair will have the following responsibilities:

     (1) The Chair will preside at all meetings of the Committee. Any designated alternate will preside in the Chair’s absence.

     (2) The Chair will be responsible for reviewing and providing direction on meeting agendas.

     (3) The Chair will coordinate with the chairs of other committees as appropriate.

     (4) The Chair will assist in identifying and bringing to the attention of the Chairman of the Board issues that should be considered by the Board of Directors, the Independent Directors or any other committee.

     (5) At meetings of the Board of Directors the Chair will report on the Committee’s recommendations on applicable resolutions and on any important actions by or discussions at the Committee.

E. Meetings and Procedures of the Committee

     (1) The Committee will generally meet on a quarterly basis, or more frequently as called by the Chair. The Chair or a majority of the members of the Committee may call a special meeting of the Committee.

     (2) The Committee may determine its own rules of procedure, which shall be consistent with the charter document of the Fund, the Bylaws of the Fund and this Charter.

     (3) A majority of the members of the Committee, present in person or by means of a conference telephone or other communications equipment by means of which all persons participating in the meeting can communicate with each other, shall constitute a quorum. The Committee may take action by written consent if at least the number of Directors required for approval at a meeting consent to the action in writing and the written consents are filed with the records of meetings of the Committee, unless otherwise required by applicable law.

     (4) The Committee may request that any Director, officer or employee of a Fund, or other persons whose advice and counsel are sought by the Committee, attend any meeting of the Committee to provide such information as the Committee requests.

     (5) The Committee shall cause to be kept written minutes of its meetings, which minutes shall be maintained with the books and records of the Fund.

     (6) Meetings of the Committee will be open to all Independent Directors.

F. Duties and Responsibilities

     The Committee shall have the following duties and responsibilities:

     1. Engagement of Auditors. The Committee will approve the selection, retention, termination and compensation of the independent registered public accounting firm (the “independent accountants”) for the Fund.

     2. Auditor Reporting. The Committee will:

     (a)       Be the representative of the Fund to which each independent accountant reports.
       
    (b) Have sole authority to hire and fire any independent accountant of the Fund.
       
    (c) Approve all audit engagement fees and terms for the Fund.
       
    (d)  Consider and act upon (i) the provision by any independent accountant of any non-audit services for any Fund, and (ii) the provision by any independent accountant of

 

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      non-audit services to Fund service providers and their affiliates to the extent that such approval (in the case of this clause (ii)) is required under applicable regulations (the “Auditor Independence Regulations”) of the Securities and Exchange Commission. In furtherance of the foregoing, the Committee may from time to time adopt and provide oversight in respect of policies and procedures for non-audit engagements by independent accountant of the Fund.
 
3.      Independence of Auditors.
 
  (a)      Evaluate the independence and objectivity of the independent accountant and actively engage in a dialogue with them regarding matters that might reasonably be expected to affect their independence; in this connection, the Committee shall ensure receipt from the independent accountants at least annually of a formal written statement delineating all the relationships between them and the Fund, consistent with Independence Standards Board Standard No. 1.
 
  (b)      Provide oversight of BlackRock’s hiring policies for employees or former employees of the independent accountants and receive reports in respect thereof.
 
4.      Oversight.
 
  (a)      Meet with the Fund’s independent accountants, at least twice a year and more often if in its discretion, to review the conduct and results of each audit and discuss the Fund’s audited and unaudited financial statements; and in this connection discuss the matters stated in SAS 61 “Communications with Audit Committees,” as amended, and any other communications required to be discussed with the Committee pursuant to applicable laws, regulations, listing agreements and rules of any applicable SRO.
 
  (b)      Discuss with BlackRock its policies with respect to risk assessment and risk management.
 
  (c)      Meet periodically with the Fund’s independent accountants, the Fund’s principal executive officer and the Fund’ principal financial officer, and internal auditors in separate executive sessions as the Committee deems necessary or advisable.
 
  (d)      Review any issues raised by the independent accountants or management regarding the accounting or financial reporting policies and practices of the Fund, its internal controls, and, as appropriate, the internal controls of certain service providers and management’s response; evaluate the independent auditor’s qualifications and performance (including the performance of the lead partner); resolve disagreements between management and the independent accountants regarding financial reporting.
 
  (e)      Provide oversight of procedures for the receipt, retention and treatment of complaints received by the Fund relating to accounting, internal accounting controls, or auditing matters, and the confidential, anonymous submission by employees of the Fund and its affiliates and service providers of concerns about accounting or auditing matters pertaining to the Fund.
 
  (f)      Provide oversight in respect of reports from attorneys or auditors of possible violations of federal or state law or fiduciary duty.
 
  (g)      Provide oversight in respect of any legal matters brought to the Committee’s attention that may have a material impact on the Fund’s financial statements and any material reports or inquiries received from regulators or governmental agencies. These matters may also be reviewed by the Compliance Committee.
 
  (h)      Receive reports from each independent accountant engaged by the Fund describing (i) any material issues raised by the most recent internal quality control review, peer review or Public Company Accounting Oversight Board examination of the auditing firm and any steps taken to deal with such issues, and (ii) any material issues raised by any inquiry or investigations by governmental or professional authorities of the auditing firm since the most recent report and any steps taken to deal with such issues.
 

F-3


    (i)      Discuss generally the Fund’s earnings press releases, as applicable, and financial information and earnings guidance provided to analysts and ratings agencies.
 
    (j)      Authorize and oversee investigations into any matters within the Committee’s scope of responsibilities or as specifically delegated to the Committee by the Board.
 
  5.      Reports.
 
    (a)      Prepare and approve the audit committee report required by Item 306 of Regulation S-K for proxy statements relating to the election of directors/trustees.
 
    (b)      Report to the Board on a regular basis.
 
   6.      Other. Take such other actions as the Committee deems necessary or desirable to fulfill its purpose as described above.

G. Resources

     The Committee may retain independent legal counsel or other advisers as it determines to be necessary or advisable to perform its duties. The Fund shall provide appropriate funding (as determined by the Committee) for the Committee to carry out its duties and its responsibilities, including:

     (1) for payment of compensation to the Fund’s independent accountants or any other public accounting firm providing audit, review or attest services for the Fund;

     (2) for payment of compensation to any special counsel and other advisors employed by the Committee;

     (3) for the ordinary administrative expenses of the Committee; and

     (4) for continuing education programs to enable Committee members to keep abreast of industry and regulatory development and to gain continuing insights to best practices of audit committees.

     In performing its duties the Committee may consult, as it deems appropriate, with the members of the Board, officers and employees of the Fund, the investment adviser, the Fund’s counsel and the Fund’s other service providers.

H. Self-Assessment; Amendment of Charter

     The Committee shall, on an annual basis, assess its performance. The Committee shall evaluate whether this Charter appropriately addresses the matters that are or should be within its scope. The independence of Committee members and satisfaction of the requirements to serve on the Committee shall be affirmed annually.

     The Committee shall report to the Board on an annual basis on the results of its evaluation, including any recommended amendments to this Charter, and any recommended changes to the Fund’s or the Board’s policies or procedures.

     The Committee may from time to time recommend to the Board such amendments to this Charter as the Committee determines to be necessary or appropriate.

     Note: Solely for the sake of clarity and simplicity, this Joint Audit Committee Charter has been drafted as if there is a single Fund, a single Performance Oversight Committee, a single Audit Committee, a single Governance and Nominating Committee, a single Compliance Committee and a single Board. The terms “Performance Oversight Committee,” “Audit Committee,” “Governance and Nominating Committee,” “Compliance Committee” and “Board” mean each “Performance Oversight Committee,” “Audit Committee,” “Governance and Nominating Committee,” “Compliance Committee” and “Board” as it relates to its respective Fund, unless the context otherwise requires. Each Performance Oversight Committee, Audit Committee, Governance and Nominating Committee, Compliance Committee and Board of each Fund shall act separately and in the best interests of its respective Fund.

F-4


Joint Governance and Nominating Committee Charter
of the BlackRock Closed-End Funds

I. Background

     Each of the closed-end trusts managed by BlackRock Advisors, LLC or its affiliates (collectively, “BlackRock”) is referred to as the “Fund”; the Board of Directors/Trustees of the Fund is referred to as the “Board of Directors” and its members are referred to as the “Directors”; and the Directors who are not “interested persons” (as such term is defined in the Investment Company Act of 1940) of the Fund are referred to as the “Independent Directors”. The Board of Directors, including at least a majority of the Independent Directors, has adopted this Charter. The Governance and Nominating Committee is referred to as the “Committee”.

J. Purpose of the Committee

     The purposes of the Committee are to:

     (1) support the Independent Directors in pursuing the best interests of the Fund and its shareholders,

     (2) identify individuals qualified to serve as Independent Directors,

     (3) advise the Board of Directors with respect to Board composition, procedures and committees (other than the Audit Committee),

     (4) oversee periodic self-assessments of the Board of Directors and committees of the Board of Directors (other than the Audit Committee),

     (5) monitor corporate governance matters and make recommendations in respect thereof to the Board of Directors,

     (6) act as the administrative committee with respect to Board of Directors policies and procedures, committee policies and procedures (other than the Audit Committee) and codes of ethics as they relate to Independent Directors, and

     (7) Review and make recommendations in respect of Independent Director Compensation.

K. Composition of the Committee

     The Committee will have at least three members, all of whom will be Independent Directors. The members and the Chair of the Committee will be determined annually by vote of the Independent Directors. The Chairman of the Board may designate an acting chair in the absence of the Chair.

L. Chair; Functions of the Chair

     (1) The Chair will have the following responsibilities:

     (2) The Chair will preside at all meetings of the Committee. Any designated alternate will preside in the Chair’s absence.

     (3) The Chair will be responsible for reviewing and providing direction on meeting agendas.

     (4) The Chair will coordinate with the chairs of other committees as appropriate.

     (5) The Chair, reflecting the views of Committee members, will engage BlackRock in a dialogue on the scope and contents of materials furnished to the Committee.

     (6) The Chair will assist in identifying and bringing to the attention of the Chairman of the Board issues that should be considered by the Board of Directors, the Independent Directors or any other committee.

F-5


     (7) At meetings of the Board of Directors the Chair will report on the Committee’s recommendations on applicable resolutions and on any important actions by or discussions at the Committee.

     (8) The Chair will coordinate with counsel for the Funds on matters requiring legal advice, and will coordinate with counsel to the Independent Directors on matters involving conflicts of interest with BlackRock.

M. Meetings and Procedures of the Committee

     (1) The Committee will generally meet on a quarterly basis, or more frequently as called by the Chair. The Chair or a majority of the members of the Committee may call a special meeting of the Committee.

     (2) The Committee may determine its own rules of procedure, which shall be consistent with the charter document of the Fund, the Bylaws of the Fund and this Charter.

     (3) A majority of the members of the Committee, present in person or by means of a conference telephone or other communications equipment by means of which all persons participating in the meeting can communicate with each other, shall constitute a quorum. The Committee may take action by written consent if at least the number of Directors required for approval at a meeting consent to the action in writing and the written consents are filed with the records of meetings of the Committee, unless otherwise required by the Fund’s charter, bylaws or applicable law.

     (4) The Committee may request that any Director, officer or employee of a Fund, or other persons whose advice and counsel are sought by the Committee, attend any meeting of the Committee to provide such information as the Committee requests.

     (5) The Committee shall cause to be kept written minutes of its meetings, which minutes shall be maintained with the books and records of the Fund.

     (6) Meetings of the Committee will be open to all Independent Directors.

N. Particular Actions of the Committee

     (1) Board Candidates and Nominees. The Committee shall have the following goals and responsibilities with respect to Board candidates and nominees:

    1.      Make recommendations as to the Independent Directors’ criteria for evaluating potential nominees. (The present criteria are attached as Annex A.)
 
  2.      Recommend Independent Director nominees for election by the shareholders or appointment by the Board. In assessing candidates for the office of Independent Director the Committee shall give appropriate weight to the criteria referred to in clause (a).
 
  3.      Review the suitability for continued service as a director of each Independent Director when his or her term expires and at such other times as the Committee deems necessary or appropriate, and to recommend whether or not the Independent Director should be re-nominated.
 

     (2) Board Composition and Procedures. The Committee shall have the following goals and responsibilities with respect to the composition and procedures of the Board as a whole:

    1.      Review periodically with the Board the size and composition of the Board as a whole and recommend, if necessary, measures to be taken so that the Board reflects the appropriate balance of knowledge, experience, skills, expertise and diversity required for the Board as a whole and contains at least the minimum number of Independent Directors required by law.
 
  2.      Make recommendations on the frequency and structure of Board meetings.
 

F-6


    3.      Make recommendations concerning any other aspect of the procedures of the Board that the Committee considers warranted.
 
  4.      Make recommendations on the requirements for, and means of, Board orientation and training.
 
  5.      Act as the administrative committee under the Trustee’s Fee Deferral Plan.
 
  6.      Make recommendations as to the Independent Directors’ compensation.

     (3) Corporate Governance. The following shall be the goals and responsibilities of the Committee with respect to governance matters:

    1.      Consider any corporate governance issues that arise from time to time, and to develop appropriate recommendations for the Board giving appropriate weight to relevant factors including industry “best practices”.
 
  2.      Monitor compliance with, and act as the administrative committee with respect to, the provisions of the Code of Ethics pursuant to Rule 17j-1(c) under the 1940 Act as they apply to the Independent Directors.
 
  3.      Provide oversight of Fund counsel.

     (4) Board Committees. The following shall be the goals and responsibilities of the Committee with respect to the committee structure of the Board. The following provisions shall not apply to the Audit Committee, which will be supervised by the Board:

    1.      Make recommendations to the Board regarding the size and composition of each committee of the Board, including the identification of individuals to serve as members of a committee, and recommend individual Directors to fill any vacancy that might occur on a committee.
 
  2.      Monitor the functioning of the committees of the Board and to make recommendations for any changes, including the creation or elimination of committees, the orientation of committee members, the annual review performed, if any, by each committee.
 
  3.      Recommend that the Board establish such special committees as may be desirable or necessary from time to time.
 

     (5) Self-Assessment of the Board. The Committee shall be responsible for overseeing the annual self-assessment of the Board. The Committee shall address all matters that the Committee considers relevant to the Board’s performance.

     The Committee shall report to the Board on the results of its evaluation, including any recommended amendments to the principles of corporate governance, and any recommended changes to the Fund’s or the Board’s policies or procedures.

O. Self-Assessment of the Committee

     The Committee shall, on an annual basis, assess its performance. The Committee shall address matters that the Committee considers relevant to its performance.

     The Committee shall report to the Board on an annual basis on the results of its evaluation, including any recommended amendments to this Charter, and any recommended changes to the Fund’s or the Board’s policies or procedures. This report may be written or oral.

     The Committee may from time to time recommend to the Board such amendments to this Charter as the Committee determines to be necessary or appropriate.

P. Consultants; Investigations and Studies; Outside Advisers

     The Committee will have authority, upon consultation with the Chairman of the Board, to retain and terminate any third-party advisers, including authority to approve fees and other retention terms. The Committee may conduct or authorize investigations into or studies of matters within the

F-7


Committee’s scope of responsibilities, and may retain, at the Fund’s expense, such independent counsel or other advisers as it deems necessary. The Committee may call upon the Fund’s independent accountants (with the concurrence of the Audit Committee) or other third parties for such fact-finding and analysis as may be appropriate in light of the objectives of this Charter.

     Note: Solely for the sake of clarity and simplicity, this Joint Governance and Nominating Committee Charter has been drafted as if there is a single Fund, a single Performance Oversight Committee, a single Audit Committee, a single Governance and Nominating Committee, a single Compliance Committee and a single Board. The terms “Performance Oversight Committee,” “Audit Committee,” “Governance and Nominating Committee,” and “Compliance Committee” and “Board” mean each “Performance Oversight Committee,” “Audit Committee,” “Governance and Nominating Committee” and “Compliance Committee” and “Board” as it relates to its respective Fund, unless the context otherwise requires. Each Performance Oversight Committee, Audit Committee, Governance and Nominating Committee and Compliance Committee and Board of each Fund shall act separately and in the best interests of its respective Fund.

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Appendix G

Officers of the Funds

     The officers of each Fund, their year of birth and their principal occupations during the past five years (their titles may have varied during that period) are shown in the tables below. The address of each officer is BlackRock, Inc., 40 E. 52nd Street, New York, NY 10022.

     Officers receive no compensation from the Funds, although they may be reimbursed for reasonable travel expenses for attending meetings of the Boards.

     Each officer is an “interested person” of the Funds, as defined in the 1940 Act, by virtue of that individual’s position with BlackRock or its affiliates described in the table below.

Information Pertaining to the Officers

        Length of
Time Served
      Principal Occupation(s)
During Past 5 Years
Name, Address
and Year of Birth
      Position(s) Held with Funds      

 
 
 
 
Donald C. Burke   President of the Funds except   Since 2007   Managing Director of BlackRock, Inc.
40 East 52nd Street   MFL, MYF, MFT and MPA and       since 2006; Formerly Managing
New York, NY 10022   Chief Executive Officer of       Director of Merrill Lynch Investment
    the Funds       Managers, L.P. (“MLIM”) and Fund
1960           Asset Management, L.P. (“FAM”) in
            2006; First Vice President thereof
            from 1997 to 2005; Treasurer thereof
            from 1999 to 2006 and Vice
            President thereof from 1990 to 1997.
 
Anne F. Ackerley   Vice President of the Funds   Since 2007   Managing Director of BlackRock, Inc.
40 East 52nd Street           since 2000 and First Vice President
New York, NY 10022           and Chief Operating Officer of
            Mergers and Acquisitions Group from
1962           1997 to 2000; First Vice President
            and Chief Operating Officer of Public
            Finance Group thereof from 1995 to
            1997; First Vice President of
            Emerging Markets Fixed Income
            Research of Merrill Lynch & Co., Inc.
            from 1994 to 1995.
     
Neal J. Andrews   Chief Financial Officer   Since 2007   Managing Director of BlackRock, Inc.
40 East 52nd Street   of the Funds       since 2006; Formerly Senior Vice
New York, NY 10022           President and Line of Business Head
            of Fund Accounting and
1966           Administration at PFPC Inc. from
            1992 to 2006.
     
Jay M. Fife   Treasurer of the Funds   Since 2007   Managing Director of BlackRock, Inc.
40 East 52nd Street           since 2007 and Director in 2006;
New York, NY 10022           Formerly Assistant Treasurer of the
            MLIM/FAM-advised Funds from 2005
1970           to 2006; Director of MLIM Fund
            Services Group from 2001 to 2006.

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Name, Address
and Year of Birth
      Position(s) Held with Funds       Length of
Time Served
      Principal Occupation(s)
During Past 5 Years

 
 
 
Brian P. Kindelan Chief Compliance Officer Since 2007 Chief Compliance Officer of the
40 East 52nd Street of the Funds   BlackRock-advised Funds since 2007;
New York, NY 10022     Anti-Money Laundering Officer of the
      Funds since 2007; Managing Director
1959     and Senior Counsel of BlackRock, Inc.
      since 2005; Director and Senior
      Counsel of BlackRock Advisors, Inc.
      from 2001 to 2004 and Vice President
      and Senior Counsel thereof from 1998
      to 2000; Senior Counsel of The PNC
      Bank Corp. from 1995 to 1998.
Howard Surloff Secretary of the Funds Since 2007 Managing Director of BlackRock, Inc.
40 East 52nd Street     and General Counsel of U.S. Funds at
New York, NY 10022     BlackRock, Inc. since 2006; Formerly
      General Counsel (U.S.) of Goldman
1965     Sachs Asset Management, L.P. from
      1993 to 2006.
Richard S. Davis President of MFL, MYF, Since 2007 Managing Director, BlackRock, Inc.
40 East 52nd Street MFT and MPA   since 2005; Formerly Chief Executive
New York, NY 10022     Officer, State Street Research &
      Management Company from 2000 to
1945     2005; Formerly Chairman of the
      Board of Trustees, State Street
      Research Mutual Funds from 2000 to
      2005; Formerly Chairman, SSR Realty
      from 2000 to 2004.

G-2


Appendix H

Audit Fees, Audit Related Fees, Tax Fees and All Other Fees
to Independent Registered Public Accountants

Audit Fees and Audit Related Fees

      Audit Fees Audit Related Fees
     

Fund Pre-Amended
Fiscal Year

End†
Post-Amended
Fiscal

Year End
Most Recent
Fiscal Year ($)
Fiscal Year
Prior to Most
Recent
Fiscal Year
End ($)
Most Recent
Fiscal Year ($)
Fiscal Year
Prior to Most
Recent
Fiscal Year
End ($)







ARK 28-Feb N/A 46,300 41,300      — 8,000
CII 31-Dec 31-Oct 37,000 37,000 8,000 8,000
COY 31-May 28-Feb 41,000 38,850      — 8,000
CYE 31-May 28-Feb 41,000 38,850      — 8,000
DSU 28-Feb N/A 46,300 45,500      — 8,000
DVF 31-Aug N/A 38,500 38,500      — 8,000
ECV 31-Dec N/A 32,500 32,500      —      —
EEF 31-Dec N/A 32,500 32,500      —      —
EGF 31-Dec N/A 33,500 33,500      —      —
FRA 31-Aug N/A 39,900 39,900      — 8,000
FRB 28-Feb N/A 46,300 40,200      — 8,000
HYT 31-Aug N/A 38,500 38,500      — 8,000
HYV 31-Aug N/A 38,500 38,500      — 8,000
MCA 31-Oct 31-Jul 55,450 30,600 3,500 3,500
MEN 31-Jan 30-Apr 28,000 28,500 3,500 3,500
MFL 31-Aug N/A 32,600 32,600 3,500 3,500
MFT 31-Oct 31-Jul 51,350 26,500 3,500 3,500
MHD 30-Apr N/A 29,000 29,400 3,500 3,500
MHE 31-Dec 31-Aug 23,000 22,500 3,500 3,500
MHN 31-Aug N/A 30,500 30,500 3,500 3,500
MIY 31-Oct 31-Jul 53,350 28,500 3,500 3,500
MJI 31-Oct 31-Jul 51,350 26,500 3,500 3,500
MNE 31-May 31-Jul 27,100 26,800 3,500 3,500
MPA 31-Oct 31-Jul 51,350 26,500 3,500 3,500
MQT 31-Oct 30-Apr 52,850 28,000 3,500 3,500
MQY 31-Oct 30-Apr 55,450 30,600 3,500 3,500
MUC 30-Jun 31-Jul 57,350 32,500 3,500 3,500
MUE 30-Sep 31-Jul 53,350 32,000 3,500 3,500
MUH 31-Jul 30-Apr 51,350 26,500 3,500 3,500
MUI 31-May 30-Apr 32,300 32,500 3,500 3,500
MUJ 31-Jul N/A 52,850 28,000 3,500 3,500
MUS 30-Apr N/A 29,000 29,400 3,500 3,500
MVF 31-Aug N/A 30,500 30,500 3,500 3,500
MVT 31-Oct 30-Apr 52,850 28,000 3,500 3,500
MYC 31-Oct 31-Jul 52,850 28,000 3,500 3,500
MYD 31-Oct 30-Apr 57,450 32,600 3,500 3,500
MYF 31-Oct 31-Jul 52,350 27,500 3,500 3,500
MYI 31-Oct 31-Jul 57,350 32,500 3,500 3,500
MYJ 30-Nov 31-Jul 52,850 28,000 3,500 3,500
MYM 31-Oct 31-Jul 51,350 26,500 3,500 3,500
MYN 31-Oct 31-Jul 55,450 30,600 3,500 3,500
MZA 31-Oct 31-Jul 50,350 25,500 3,500 3,500
PSW 31-Oct N/A 38,900 38,900 3,500 3,500
PSY 31-Oct N/A 41,000 41,000 3,500 3,500

†    

The fiscal year end (FYE) for certain Funds was amended at a meeting of the Boards in May 2008. However, all information provided in this appendix, unless otherwise noted, is for the pre-amended FYE.

 

H-1

Tax Fees and All Other Fees

      Tax Fees All Other Fees
     

Fund