BLACKROCK CORE BOND TRUST — Director's Dealing 2004

Jul 14, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BLACKROCK CORE BOND TRUST (BHK)
CIK: 0001160864
Period of Report: 2004-07-12

Reporting Person: DIXON KENT (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-07-12	Performance Rights	$	A	243	Acquired		Common Stock (243)	Direct

Footnotes

F1: The Phantom Stock units were accrued under the BlackRock Deferred Compensation Plan.

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

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