BLACKROCK CORE BOND TRUST — Director's Dealing 2003

May 27, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BLACKROCK CORE BOND TRUST (BHK)
CIK: 0001160864
Period of Report: 2003-05-22

Reporting Person: LAFORCE JAMES (Director)

Footnotes

F1: The phantom stock units were accrued under the BlackRock Funds Deferred Compensation Plan.

F2: One performance right is convertible into the cash value of one share of common stock of BlackRock Core Bond Trust.

F3: The units are to be settled 100% in cash at the end of the deferral period chosen by the reporting person.