BLACKROCK CORE BOND TRUST — Director's Dealing 2004

Jan 15, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BLACKROCK CORE BOND TRUST (BHK)
CIK: 0001160864
Period of Report: 2004-01-13

Reporting Person: DIXON KENT (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-01-13	Performance Rights	$0	A	233	Acquired		Common Stock (233)	Direct

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.