BLACKROCK CORE BOND TRUST — Director's Dealing 2006

Jan 24, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BLACKROCK CORE BOND TRUST (BHK)
CIK: 0001160864
Period of Report: 2006-01-20

Reporting Person: DIXON KENT (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-01-20	Performance Rights	$	A	378	Acquired		Common Stock (378)	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 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.