BLACKROCK FLOATING RATE INCOME TRUST

N-Q 1 c39531_nq.htm UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number: 811-21566

BlackRock Global Floating Rate Income Trust
(Exact name of registrant
as specified in charter)
100 Bellevue Parkway, Wilmington, DE	19809
(Address of principal executive offices)	(Zip code)

Robert S. Kapito, President BlackRock Global Floating Rate Income Trust 40 East 52nd Street, New York, NY 10022 (Name and address of agent for service)

| Registrant's telephone
number, including area code: | |
| --- | --- |
| Date of fiscal year end: December
31, 2005 | |
| Date of reporting period: | September 30, 2005 |

Item 1. Schedule of Investments.

The Registrants unaudited schedule of investments as of the close of the reporting period pursuant to Rule 30b1-5 under the Investment Company Act of 1940 is as follows:

PORTFOLIO OF INVESTMENTS (Unaudited) SEPTEMBER 30, 2005

BlackRock Global Floating Rate Income Trust (BGT)

	Principal
	Amount
Rating 1	(000)		Description	Value
			LONG-TERM INVESTMENTS147.6%
			Corporate Bonds21.0%
			Automotive0.3%
B-	$ 125		Accuride Corp., 8.50%, 2/01/15	$ 122,500
BB+	400		Arvinmeritor, Inc., 8.75%, 3/01/12	394,000
B2	525	2	Delco Remy Intl., Inc., 8.15%, 4/15/09	507,938
B-	40		Goodyear Tire & Rubber Co., 7.857%,
8/15/11	39,000
CCC+	150	3	Metaldyne Corp., 11.00%, 11/01/13	130,500
				1,193,938
			Basic Materials1.3%
			Abitibi-Consolidated, Inc.,
BB-	1,000		7.37%, 6/15/11 Canada	1,000,000
BB-	65		8.375%, 4/01/15 Canada	64,025
B+	260	2	Boise Cascade LLC, 7.025%, 10/15/12	259,350
BB-	1,000		Bowater, Inc., 6.87%, 3/15/10	995,000
BB-	70		Donohue Forest Products, 7.625%,
5/15/07	72,625
Ba3	750		Hercules, Inc., 6.75%, 10/15/29	735,000
BB	95		Intl. Steel Group, Inc., 6.50%, 4/15/14	93,812
			Lyondell Chemical Co.,
BB-	300		11.125%, 7/15/12	336,750
BB-	300		Ser. A, 9.625%, 5/01/07	315,000
B-	565		Nalco Co., 8.875%, 11/15/13	579,125
			NewPage Corp.,
B3	1,500		9.943%, 5/01/12	1,417,500
CCC+	80		10.00%, 5/01/12	75,400
B-	100	3	PQ Corp., 7.50%, 2/15/13	97,250
				6,040,837
			Building & Development0.3%
B+	1,000	2	Ainsworth Lumber Co. Ltd., 7.77%,
10/01/10	990,000
B2	90	3	Compression Polymers Corp., 10.50%,
7/01/13	83,475
B-	240	3	Goodman Global Holding Co., Inc.,
7.875%, 12/15/12	217,200
B	60		North American Energy Partners, Inc.,
9.00%, 6/01/10	62,400
				1,353,075
			Consumer Products0.6%
B3	45		ALH Finance LLC, 8.50%, 1/15/13	42,863
B3	400		Cenveo Corp., 7.875%, 12/01/13	384,000
CCC+	1,050		Duane Reade, Inc., 8.37%, 12/15/10	1,002,750
B2	110		Finlay Fine Jewelry Corp., 8.375%,
6/01/12	91,575
B2	40		Gold Kist, Inc., 10.25%, 3/15/14	45,200
B-	400		Lazydays RV Center, Inc., 11.75%,
5/15/12	424,500
B-	180	2	Levi Strauss & Co., 8.804%, 4/01/12	180,000
B3	310		Movie Gallery, Inc., 11.00%, 5/01/12	276,675
B-	365	3	Rite Aid Corp., 6.125%, 12/15/08	344,925
				2,792,488
			Containers & Packaging0.2%
			Crown European Holdings SA,
B+	150		9.50%, 3/01/11 France	164,438
B	600		10.875%, 3/01/13 France	696,750
				861,188
			Ecological Services & Equipment0.1%
BB-	625		Allied Waste NA, Inc., 5.75%, 2/15/11	582,813

BlackRock Global Floating Rate Income Trust (BGT) (continued)

	Principal
	Amount
Rating 1	(000)		Description	Value
			Energy8.2%
BB+	$ 750	3	AES Corp., 9.00%, 5/15/15	$ 825,000
B1	130		ANR Pipeline Co., 9.625%, 11/01/21	160,550
Ba3	70	3	Compagnie Generale de Geophysique
SA, 7.50%, 5/15/15	73,938
B	750		Compton Petroleum Corp., 9.90%, 5/15/09	802,500
B	375		El Paso Production Holding Co., 7.75%,
6/01/13	393,281
B1	750		Foundation Pennsylvania Coal Co.,
7.25%, 8/01/14	783,750
BB	14,430		Gazprom OAO, 9.625%, 3/01/13	17,841,252
B-	730		KCS Energy, Inc., 7.125%, 4/01/12	748,250
			Pemex Project Funding Master Trust,
Baa1	800	3	9.625%, 12/02/08	905,000
Baa1	12,700	2	Ser. 15, 5.95%, 10/15/09	13,398,500
			Reliant Energy, Inc.,
BB-	225		6.75%, 12/15/14	219,937
BB-	750		9.25%, 7/15/10	813,750
B2	300		Whiting Petroleum Corp., 7.25%, 5/01/13	304,125
				37,269,833
			Entertainment & Leisure0.2%
BB	750		MGM Mirage, 5.875%, 2/27/14	712,500
B	25		Poster Financial Group, Inc., 8.75%,
12/01/11	25,750
B+	40	3	San Pasqual Casino, 8.00%, 9/15/13	40,200
B+	70		Wynn Las Vegas LLC / Wynn Las Vegas
Cap. Corp., 6.625%, 12/01/14	66,675
				845,125
			Financial Institutions3.2%
B+	94		AES Ironwood LLC, 8.857%, 11/30/25	107,216
BB	140	3	American Real Estate Partners LP
/ American Real Estate Finance Corp., 7.125%, 2/15/13	140,000
BB	750		Crum & Forster Hldgs. Corp.,
10.375%, 6/15/13	819,375
BBB-	60		Ford Motor Credit Co., 7.25%, 10/25/11	57,329
BB	3,000	2	General Motors Acceptance Corp.,
5.05%, 1/16/07	2,958,390
BB	5,455		Kazkommerts Intl. BV, 8.50%, 4/16/13	5,955,224
Baa2	3,000	3	Kazkommertsbank Intl. BV, 8.50%,
4/16/13	3,288,750
BBB	25	2	Marsh & McLennan Cos., Inc.,
4.27%, 7/13/07	24,856
B+	750	3	Rainbow National Services LLC, 8.75%,
9/01/12	798,750
B-	300		Universal City Florida Hldg. Co.
I/II, 8.443%, 5/01/10	312,000
				14,461,890
			Health Care0.9%
CCC	10		Curative Health Services, Inc., 10.75%,
5/01/11	6,450
B-	750		IASIS Healthcare LLC / IASIS Cap.
Corp., 8.75%, 6/15/14	780,000
B	1,750	3	Insight Health Services Corp., 9.174%,
11/01/11	1,715,000
			Tenet Healthcare Corp.,
B	30		6.375%, 12/01/11	28,013
B	50		9.875%, 7/01/14	52,312
B-	830		Universal Hospital Services, Inc.,
10.125%, 11/01/11	852,825
B2	450		US Oncology, Inc., 9.00%, 8/15/12	486,000
				3,920,600
			Industrials0.7%
Caa1	705	3	DI Finance/DynCorp. Intl., 9.50%,
2/15/13	733,200
Caa1	125	3	Hydrochem Industrial Services, 9.25%,
2/15/13	116,250
B-	555	3	Knowledge Learning Corp., Inc., 7.75%,
2/01/15	541,125
B-	180		NationsRent Cos., Inc., 9.50%, 5/01/15	187,200
CCC+	325		Park-Ohio Inds., Inc., 8.375%, 11/15/14	281,937
B3	210	3	Sunstate Equipment Co. LLC, 10.50%,
4/01/13	215,250
CCC+	575		Trimas Corp., 9.875%, 6/15/12	474,375
Caa1	600		United Rentals NA, Inc., 7.00%, 2/15/14	555,000
				3,104,337

BlackRock Global Floating Rate Income Trust (BGT) (continued)

	Principal
	Amount
Rating 1	(000)		Description	Value
			Media0.6%
NR	$ 250		Cablecom SCA, 4/30/12	$ 303,698
CCC+	780		Charter Communications Holdings II,
LLC/Charter Comminications Holdings II Cap. Corp., 10.25%, 9/15/10	801,450
BB-	350	3	Choctaw Resort Development Enterprise,
7.25%, 11/15/19	351,313
BB-	750		Echostar DBS Corp., 6.375%, 10/01/11	742,500
CCC+	100	3	iesy Repository GmbH, 10.375%, 2/15/15	107,375
B3	70		Nexstar Finance, Inc., 7.00%, 1/15/14	63,000
B	485		PRIMEdia, Inc., 7.625%, 4/01/08	490,456
				2,859,792
			Real Estate1.3%
BB+	6,350		Rouse Co., 5.375%, 11/26/13	6,077,140
			Technology0.8%
BB+	1,500	2	Freescale Semiconductor, Inc., 6.90%,
7/15/09	1,541,250
Ba3	1,875		MagnaChip Semiconductor SA/Magna
Semiconductor Finance Co. (Luxembourg), 7.12%, 12/15/11	1,865,625
B-	250	3	Sungard Data Systems, Inc., 8.525%,
8/15/13	258,750
B	140		Superior Essex Communications LLC/Essex
Group, Inc., 9.00%, 4/15/12	141,400
				3,807,025
			Telecommunications2.0%
BB-	810		Cincinnati Bell, Inc., 7.25%, 7/15/13	860,625
			Dobson Cellular Systems, Inc.,
B1	350		8.375%, 11/01/11	368,375
B1	325		8.443%, 11/01/11	336,781
B-	1153		Hawaiian Telcom Communications, Inc.,
8.914%, 5/01/13	115,575
			Intelsat Ltd.,
Caa1	75		5.25%, 11/01/08	68,813
B2	50	3	8.25%, 1/15/13	50,250
B2	200	3	8.625%, 1/15/15	204,000
B2	485	3	8.695%, 1/15/12	494,700
B+	2,350		Qwest Communications Intl., Inc,
7.29%, 2/15/09	2,338,250
BB	2,500	3	Qwest Corp., 7.12%, 6/15/13	2,600,000
B+	945		Qwest Services Corp., 13.50%, 12/15/10	1,083,206
BB	400		Rogers Wireless Communications, Inc.,
6.995%, 12/15/10	415,000
Caa1	385		Rural Cellular Corp., 9.875%, 2/01/10	403,287
				9,338,862
			Transporation0.3%
B3	400		Horizon Lines LLC, 9.00%, 11/01/12	428,500
B+	750		OMI Corp., 7.625%, 12/01/13	765,000
				1,193,500
			Total Corporate Bonds	95,702,443
			Bank Loans96.0%
			Aerospace & Defense2.2%
	2,970		CACI Intl., Inc., Term Loan, LIBOR
+ 1.50%, 2/04/07	2,995,912
			Camp Acquisition Co.,
	976		Term Loan A, LIBOR +
3.25%, 8/30/11	978,246
	8		Term Loan A, PRIME +
2.00%, 8/30/11	8,085
	998		Dyncorp International LLC, Term Loan,
LIBOR + 2.75%, 1/31/11	1,006,644
	411		Hexcel Corporation, Term Loan, LIBOR
+ 1.75%, 4.80%, 2/28/12	415,222
	2,000		MRO Acquisition LLC, Second Lien
Term Loan, LIBOR + 5.25%, 9/15/11	2,030,000
	2,492		Standard Aero, Inc., Term Loan, LIBOR
+ 2.25%, 8/18/12	2,517,230
				9,951,339
			Automotive2.8%
			Goodyear Tire & Rubber Co. (The),
	500		Second Lien Term Loan,
LIBOR + 2.75%, 4/01/10	505,938
	1,000		Third Lien Term Loan,
LIBOR + 3.50%, 4/01/11	992,292
	998		Hilite Intl., Term Loan, LIBOR +
4.00%, 4/15/10	952,613
	999		Metaldyne Co. LLC, Term Loan D, LIBOR
+ 4.50%, 12/31/09	988,006
	1,750		Polar Corp., Second Lein Term Loan,
LIBOR, 5/30/10	1,776,250
	1,857		Progressive Moulded Products, Ltd.,
Term Loan, LIBOR + 2.50%, 8/30/11	1,717,333
	2,993		TI Group Automotive Systems, Term
Loan C, LIBOR + 3.25%, 6/30/11	2,907,146

BlackRock Global Floating Rate Income Trust (BGT) (continued)

	Principal
	Amount
Rating 1	(000)	Description	Value
		Automotive(contd)
		TRW Automotive Acquisitions Corp.,
	$ 495	Term Loan B, LIBOR +
1.50%, 6/30/12	$ 499,853
	2,487	Term Loan E, LIBOR +
1.50%, 10/31/10	2,512,997
			12,852,428
		Basic Materials10.7%
	2,790	Appleton Papers, Inc., Term Loan,
LIBOR + 2.25%, 6/30/10	2,817,900
		Basell NV,
	500	Term Loan, LIBOR + 2.50%,
9/30/13	507,500
	500	Term Loan, LIBOR + 3.00%,
9/30/14	508,750
	1,001	Berry Plastics Corp., Term Loan,
LIBOR + 2.25%, 7/22/10	1,013,000
	2,520	Boise Cascade LLC, Term Loan, LIBOR
+ 1.75%, 10/31/11	2,556,540
	795	Buckeye Technologies, Inc., Term
Loan, LIBOR + 2.00%, 4/15/10	800,705
	3,989	Celanese, Ag, Term Loan, LIBOR +
2.25%, 4/06/11	4,046,967
	2,000	Cognis Deutschland, Second Lien Term
Loan, LIBOR + 4.75%, 11/15/13	2,043,000
	1,553	Foundation Coal Corp., Term Loan,
LIBOR + 2.00%, 7/30/11	1,577,783
	992	Hercules, Inc., Term Loan, LIBOR
+ 1.75%, 4/07/10	1,001,891
	4,866	Huntsman International, LLC, New
Term Loan B, LIBOR + 1.75%, 8/15/12	4,901,228
	3,800	Innophos, Inc., Term Loan, LIBOR
+ 2.25%, 8/15/10	3,840,733
	2,020	Intermet Corp., Term Loan B, PRIME
+ 1.75%, 3/31/09	1,979,489
		Invista, B.V.,
	3,364	New Term B-1, LIBOR +
2.25%, 4/30/11	3,414,878
	1,460	New Term B-2, LIBOR +
2.25%, 4/30/11	1,481,601
	221	Kraton Polymers, LLC, Term Loan,
LIBOR + 2.50%, 12/15/10	224,300
	5,831	Nalco Co., Term Loan, LIBOR + 2.00%,
11/04/10	5,918,179
	499	PQ Corp., Term Loan, LIBOR + 2.00%,
2/28/12	504,361
	963	Professional Paint, Inc., Term Loan,
LIBOR + 3.25%, 9/30/11	975,734
	6,468	Rockwood Specialties Group, Inc.,
Term Loan D, LIBOR + 2.50%, 8/15/12	6,564,513
	1,980	Supresta, LLC, Term Loan, LIBOR +
3.00%, 7/16/11	2,007,225
			48,686,277
		Building & Development1.7%
	243	Atrium Companies, Inc., Term Loan,
LIBOR + 2.75%, 12/30/11	242,414
	1,500	Custom Building Products, Inc., Second
Lien Term Loan, LIBOR + 5.00%, 4/30/12	1,490,625
		Euramax International, Inc.,
	334	Second Lien Domestic
Term Loan, LIBOR + 7.00%, 7/15/13	335,046
	166	Second Lien Euro Term
Loan, LIBOR + 7.00%, 7/15/13	166,204
	2,000	Landsource Communities Development,
LLC, Term Loan B, LIBOR + 2.50%, 3/31/10	2,012,500
		Nortek, Inc.,
	988	Term Loan B, LIBOR +
2.25%, 8/24/11	999,103
	3	Term Loan B, PRIME +
1.25%, 8/24/11	2,529
		Ply Gem Industries, Inc.,
	114	CND Term Loan, LIBOR
+ 2.50%, 2/12/11	114,820
	778	USD Term Loan, LIBOR
+ 2.50%, 2/12/11	783,655
	1,497	Incremental Term Loan
B, LIBOR + 2.50%, 2/12/11	1,508,116
			7,655,012
		Business Equipment & Services0.2%
	995	Latham Intl. Ltd., Term Loan, LIBOR
+ 3.75%, 12/31/10	1,004,950
		Conglomerates5.1%
		Atlantis Plastics, Inc.,
	998	First Lien Term Loan,
LIBOR + 2.75%, 9/30/11	1,001,241
	1,000	Second Lien Term Loan,
LIBOR + 7.25%, 9/30/11	995,000
	1,770	Fidelity National Information Solutions,
Inc., Term Loan, LIBOR + 1.75%, 3/30/13	1,775,689
	500	Gentek, Inc., 2nd Lien Term Loan,
LIBOR + 5.75%, 3/15/12	491,000
	3,465	Honeywell Security, Term Loan, LIBOR
+ 3.25%, 6/28/10	3,490,988
		IAP Acquisition Corp.,
	1,500	1st Lien Term Loan, LIBOR
+ 2.75%, 3/31/11	1,523,749
	625	Second Lien Term Loan,
LIBOR + 5.75%, 3/30/12	637,500

BlackRock Global Floating Rate Income Trust (BGT) (continued)

	Principal
	Amount
Rating 1	(000)	Description	Value
		Conglomerates(contd)
		Invensys Intl. Holdings, Ltd.,
	$ 2,000	Term Loan, LIBOR, 3/05/09	$ 1,940,000
	815	Term Loan B1, LIBOR +
3.50%, 8/30/09	821,440
	2,000	Second Lien Term Loan,
LIBOR + 4.75%, 11/30/09	2,045,000
	500	Lionbridge Technologies, Inc., Term
Loan, LIBOR + 3.50%, 9/15/11	504,375
	1,000	Mueller Group, Inc., Term Loan, LIBOR
+ 2.25%, 9/30/12	1,016,100
	487	NDC Health Corp., Term Loan, LIBOR
+ 3.00%, 11/04/08	487,179
	500	Penn Engineering & Manufacturing,
Term Loan, LIBOR + 2.25%, 4/30/11	505,000
	2,571	Polypore, Inc., Term Loan, LIBOR
+ 2.25%, 11/15/11	2,572,106
		Rexnord Corp.,
	706	Term Loan, LIBOR + 2.25%,
10/31/09	715,096
	31	Term Loan, PRIME + 1.00%,
10/31/09	31,035
	2,500	Sungard Data Systems, Inc., Term
Loan B, LIBOR + 2.50%, 1/05/13	2,527,558
			23,080,056
		Consumer Products15.2%
	1,000	24 Hour Fitness Worldwide, Inc.,
Term Loan B, LIBOR + 3.00%, 6/30/12	1,014,375
	489	Adams Outdoor Advertising, LP., Term
Loan, LIBOR + 2.00%, 10/15/12	495,837
	1,995	Alliance One International, Inc.,
Term Loan, LIBOR + 3.25%, 5/13/10	2,017,443
	500	Arbys Restaurant Group, Inc.,
Term Loan, LIBOR + 2.25%, 7/31/12	503,438
		Berkline Bench Craft,
	1,950	Term Loan B, LIBOR +
3.00%, 10/31/11	1,959,750
	2,000	Second Lien Term Loan,
LIBOR + 8.00%, 4/30/12	2,010,000
	1,000	Burger King Corp.,Tranche B Term
Loan, LIBOR + 1.75%, 6/20/12	1,014,643
	968	Carrols Corp., Term Loan, LIBOR +
2.50%, 12/31/10	981,033
	500	Centerplate Inc., Term Loan, LIBOR
+ 3.25%, 10/15/10	506,250
	746	Central Garden Pet, Term Loan, LIBOR
+ 1.75%, 5/30/09	755,545
		Chiquita Brands International, Inc.,
	399	Term Loan B, LIBOR +
2.50%, 7/15/12	405,484
	499	Term Loan C, LIBOR +
2.50%, 7/15/13	506,543
	1,352	Church & Dwight Co., Inc., Tranche
B, LIBOR + 1.75%, 5/31/11	1,364,888
	1,358	CKE Restaurants, Inc., Term Loan,
LIBOR + 2.00%, 5/17/09	1,368,253
	1,885	Coinmach Service Corp., Term Loan,
LIBOR + 3.00%, 7/30/09	1,908,172
	1,191	Constellation Brands, Inc., Term
Loan, LIBOR + 1.75%, 12/31/11	1,206,025
	743	Culligan International Co., Term
Loan B, LIBOR + 2.50%, 10/15/11	751,781
		Delaware Laboratories, Inc.,
	499	Term Loan, LIBOR + 2.75%,
10/30/11	497,909
	1	Term Loan, PRIME + 1.75%,
10/30/11	1,254
	3,500	Dennys Corp., Term Loan, LIBOR
+ 5.13%, 8/25/10	3,587,500
		Desa International, Inc.,
	2,970	Term Loan, LIBOR + 5.00%,
12/30/11	2,910,600
	8	Term Loan, PRIME + 4.00%,
12/30/11	7,350
	993	Doane Pet Care Co., Term Loan, LIBOR
+ 4.00%, 11/15/09	994,154
	500	Fender Musical Instruments Corp.,
Second Lien Term Loan, LIBOR + 4.50%, 9/30/12	505,000
	348	Herbalife International, Inc., Term
Loan, LIBOR + 1.75%, 12/31/10	352,061
		Jarden Corp.,
	500	Term Loan B2, LIBOR +
1.75%, 1/24/12	502,250
	1,668	Incremental Term Loan,
LIBOR + 2.00%, 1/15/12	1,681,043
		Knoll, Inc.,
	567	Term Loan, LIBOR + 3.00%,
10/15/11	567,768
	1,000	Term Loan, PRIME + 2.00%,
10/15/11	1,001,250
	995	Landrys Restaurants, Inc.,
Term Loan, LIBOR + 1.75%, 12/31/10	1,005,572
	757	Language Line, Inc., Term Loan, LIBOR
+ 4.25%, 6/14/11	763,660
		Maidenform, Inc.,
	800	Term Loan, LIBOR + 2.25%,
5/14/10	806,000
	133	Term Loan, PRIME + 1.25%,
5/14/10	134,333
		Mapco Express, Inc.,
	997	Term Loan, LIBOR + 2.75%,
5/15/11	1,011,386
	4	Term Loan, PRIME + 1.75%,
5/15/11	3,614
	3,500	Movie Gallery, Inc., Term Loan, LIBOR
+ 3.75%, 4/30/11	3,475,500

BlackRock Global Floating Rate Income Trust (BGT) (continued)

	Principal
	Amount
Rating 1	(000)	Description	Value
		Consumer Products(contd)
	$ 2,000	NewPage Corp., Term Loan, LIBOR +
3.00%, 4/30/12	$ 2,025,000
	3,500	Olympus Cable Holdings, LLC, Term
Loan B, PRIME + 2.00%, 9/30/10	3,474,376
	996	Oreck Corp., Term Loan, LIBOR + 2.75%,
1/31/12	990,026
		Oriental Trading Co., Inc.,
	750	Term Loan, LIBOR + 4.063%,
1/08/11	753,750
	364	Term Loan B, LIBOR +
2.25%, 8/06/10	366,212
	1,519	Second Lien Term Loan,
LIBOR + 4.75%, 8/06/10-12/02/10	1,528,682
		OSI Group LLC,
	770	German Term Loan, LIBOR
+ 2.25%, 9/15/11	778,708
	1,734	US Term Loan, LIBOR +
2.00%, 9/15/11	1,754,547
	960	Osi-Holland Fin. B.V., Dutch Term
Loan, LIBOR + 2.25%, 9/15/11	970,933
	950	PBM Products, LLC, Term Loan B, LIBOR
+ 3.00%, 7/31/11	957,125
	2,583	Pierre Foods, Inc., Term Loan, LIBOR
+ 2.75%, 7/15/10	2,616,932
	750	Pivotal Promontory, LLC, Second Lien
Term Loan, LIBOR, 9/15/11	753,750
		Prestige Brands Holdings, Inc.,
	1,970	New Term Loan B, LIBOR
+ 2.25%, 4/07/11	1,991,341
	5	New Term Loan B, PRIME
+ 1.25%, 4/07/11	5,054
		R.H. Donnelley, Inc.,
	1,436	Term Loan A3, LIBOR +
1.75%, 6/30/11	1,444,262
	1,193	Term Loan D, LIBOR +
1.75%, 6/30/11	1,201,855
	1,470	Rite Aid Corp., Term Loan, LIBOR
+ 1.75%, 9/15/09	2,979,899
	998	Spectrum Brands, Inc.,US Term Loan,
LIBOR + 2.00%, 1/31/12	1,008,306
		Synventive Acquisition, Inc.,
	800	Term Loan, LIBOR + 14.0%,
2/17/14	800,000
	750	Term Loan B, LIBOR +
3.25%, 7/27/12	755,625
	500	Travel Centers of America, Inc.,
Term Loan, LIBOR + 1.75%, 6/30/11	505,000
	3,001	United Subcontractors, Inc., Term
Loan, LIBOR + 2.75%, 7/15/12	3,033,750
			69,272,797
		Containers & Packaging3.8%
		Flexsol Packaging Corp.,
	358	First Lien Term Loan,
LIBOR + 3.25%, 11/30/11	354,332
	1,000	Second Lien Term Loan,
LIBOR + 7.00%, 11/30/12	970,000
		Graham Packaging Company, L.P.,
	6,468	Tranche B, LIBOR + 2.50%,
10/01/11	6,547,335
	2,000	Tranche C, LIBOR + 4.25%,
4/01/12	2,035,000
	3,576	Graphics Packaging Intl., Term Loan,
LIBOR + 2.50%, 8/08/10	3,627,417
	995	Smurfit Stone Container Corp., Term
Loan, LIBOR + 2.00%, 4.52%, 11/01/11	1,003,292
	2,962	Solo Cup Co., Term Loan, LIBOR +
2.00%, 2/27/11	2,967,590
			17,504,966
		Ecological Services & Equipment0.9%
	1,957	Allied Waste NA, Inc., Term Loan
A, LIBOR + 2.00%, 3/31/12	1,970,603
	2,000	Envirosolutions, Inc., Term Loan,
LIBOR + 3.50%, 7/15/12	2,027,500
			3,998,103
		Energy5.5%
	1,500	AES Corp., Term Loan, LIBOR + 1.75%,
4/30/08	1,516,500
	1,001	Cellnet Technology, Inc., Term Loan
B, LIBOR + 3.00%, 4/30/12	1,004,999
		Coffeyville Resources, LLC,
	600	Term Loan, LIBOR + 2.50%,
7/15/12	609,250
	896	Term Loan B, LIBOR +
2.50%, 7/15/12	909,814
	4	Term Loan B, PRIME, 7/15/12	4,062
	933	Cogentrix Delaware Holdings, Inc.,
Term Loan, LIBOR + 1.75%, 4/30/12	945,887
	500	Coleto Creek Power, Term Loan C1,
LIBOR + 2.00%, 8/05/12	509,375
	250	Complete Production Services, Inc.,
Term Loan B, LIBOR + 0.00%, 8/31/12	252,708
	1,980	Dynegy Holdings, Inc., Term Loan,
LIBOR + 4.00%, 5/10/10	1,984,538
		El Paso Corp.,
	750	Term Loan, LIBOR + 2.77%,
11/30/09	758,333
	1,235	Term Loan B, LIBOR +
2.75%, 11/30/09	1,248,723
	500	Energy Transfer Co., Term Loan B,
LIBOR + 3.00%, 6/30/08	505,500
	1,001	Kerr-Mcgee Corp., Term Loan, LIBOR
+ 2.50%, 4/19/11	1,004,000

BlackRock Global Floating Rate Income Trust (BGT) (continued)

	Principal
	Amount
Rating 1	(000)	Description	Value
		Energy(contd)
	$ 1,500	Key Energy Services, Term Loan, LIBOR
+ 2.75%, 8/15/12	$ 1,522,500
	500	Magellan Midstream Holdings, L.P.,
Term Loan, LIBOR + 2.13%, 7/15/12	507,187
	489	Mainline, L.P., Term Loan, LIBOR
+ 2.38%, 12/31/11	489,306
	250	Petrohawk,Second Lien Term Loan,
LIBOR + 4.50%, 7/31/10	252,500
	5,471	Reliant Energy, Inc., Term Loan,
LIBOR + 2.38%, 4/30/10	5,496,653
		Semcrude, L.P.,
	3,221	Term Loan, LIBOR + 2.50%,
2/28/11	3,257,317
	3	Term Loan, PRIME + 1.00%,
2/28/11	2,720
	1,991	Texas Genco LLC , Term Loan, LIBOR
+ 2.00%, 12/15/11	2,001,730
	500	Trout Coal Holdings, LLC,Second Lien
Term Loan, LIBOR + 5.00%, 3/31/12	504,375
			25,287,977
		Entertainment & Leisure7.7%
	1,000	Blockbuster Entertainment Corp.,
Term Loan, LIBOR + 3.50%, 8/20/11	957,308
	1,980	Boyd Gaming Corp., Term Loan, LIBOR
+ 1.50%, 5/14/11	1,999,800
		CCM Merger, Inc.,
	498	Term Loan, 0.50%, 1/31/06	499,370
	750	Term Loan B, LIBOR +
2.00%, 7/31/12	756,563
	500	Country Road Communications, LLC,
Second Lien Term Loan, LIBOR, 6/30/13	506,250
	1,880	Greektown Casino, LLC, Term Loan,
LIBOR + 3.50%, 12/31/05	1,886,949
	1,000	Hit Entertainment, Ltd., Term Loan,
LIBOR + 2.25%, 8/31/12	1,011,250
		Hollywood Theaters, Inc.,
	1,732	First Lien Term Loan,
LIBOR + 3.25%, 8/01/09	1,747,659
	2,500	Second Lien Term Loan,
LIBOR + 7.00%, 1/21/10	2,509,375
	1,485	Kerasotes Theatres, Inc., New Term
Loan B, LIBOR + 2.25%, 11/01/11	1,493,044
	4,924	Loews Cineplex Entertainment Corp.,
NEW TERM L, LIBOR + 2.25%, 8/15/11	4,940,936
	996	Marina District Fin. Company, Inc.,
New Term L, LIBOR + 1.75%, 10/15/11	1,002,048
	5,000	Metro-Goldwyn-Mayer Studios, Inc.,
Term Loan B, LIBOR + 2.25%, 4/15/12	5,057,955
	1,000	Penn National Gaming, Term Loan,
PRIME + 1.00%, 5/31/12	1,011,406
	995	Universal City Development Partners,
Ltd., Term Loan, LIBOR + 2.00%, 6/30/12	1,007,023
	1,500	Venetian Casino Resorts, Term Loan
B , LIBOR + 1.75%, 6/15/11	1,511,720
		Wembley, Inc.,
	1,000	First Lien Term Loan,
LIBOR + 2.00%, 8/31/11	1,014,375
	500	Second Lien Term Loan,
LIBOR + 3.75%, 8/31/12	509,375
	1,750	Wyndham International, Inc., Term
Loan E, LIBOR, 9/11/07	1,750,000
	4,000	Wynn Las Vegas, LLC, Term Loan, LIBOR
+ 2.13%, 12/31/11	4,038,000
			35,210,406
		Financial Institutions2.3%
	1,500	Arias Acquisitions, Inc., Term Loan,
LIBOR + 3.75%, 7/30/11	1,507,500
	1,608	Global Cash Access, LLC, Term Loan,
LIBOR + 2.25%, 3/15/10	1,630,405
	3,800	Jostens, Inc., Term Loan, LIBOR +
2.25%, 10/15/11	3,856,050
		N.E.W. Holdings I, LLC,
	991	First Lien Term Loan,
LIBOR + 3.25%, 7/15/11	1,004,533
	250	Second Lien Term Loan,
LIBOR + 7.00%, 7/15/12	253,438
	1,605	Refco Fin. Holdings, LLC, Term Loan
B, LIBOR + 2.00%, 7/30/11	1,620,649
	497	USI Holdings Corp., Term Loan B,
LIBOR + 2.50%, 7/30/08	498,395
			10,370,970
		Health Care9.1%
		Arizant, Inc.,
	3,185	Term Loan, LIBOR + 3.75%,
8/15/10	3,196,918
	740	Term Loan, PRIME, 8/15/10	742,801
	5,405	Community Health Systems, Inc., Term
Loan, LIBOR + 1.75%, 8/15/11	5,472,826
		Concentra Operating Corp.,
	3,500	Term Loan, LIBOR + 2.00%,
9/30/11	3,535,000
	4,257	Term Loan, LIBOR + 2.50%,
6/30/10	4,278,135
	201	Term Loan, PRIME + 1.50%,
6/30/10	201,791
	750	Cooper Companies, Term Loan, LIBOR
+ 1.75%, 11/15/11	754,375
	1,000	Davita, Inc., Term Loan, LIBOR +
2.25%, 6/30/12	1,014,028

BlackRock Global Floating Rate Income Trust (BGT) (continued)

	Principal
	Amount
Rating 1	(000)	Description	Value
		Health Care(contd)
		HealthSouth Corp.,
	$ 2,000	Term Loan, 10.40%, 1/15/11	$ 1,960,000
	1,181	Term Loan, LIBOR + 2.50%,
3/31/10	1,185,679
	2,000	Term Loan, LIBOR + 5.00%,
3/21/10	1,997,500
	319	Term Loan B, LIBOR +
2.50%, 3/31/10	319,945
	2,970	IASIS Healthcare Corp., Term Loan,
LIBOR + 2.25%, 6/30/11	3,009,777
	2,723	Jean Coutu Group, Inc., Term Loan
B, LIBOR + 2.25%, 6/30/11	2,764,190
	561	Kinetic Concepts, Inc., Term Loan
B-2, LIBOR + 1.75%, 8/05/10	567,533
	995	Pacificare Health Systems, Inc.,
Term Loan B, LIBOR + 1.50%, 12/15/10	996,244
		Select Med. Corp.,
	997	Term Loan B, LIBOR +
1.75%, 2/28/12	999,129
		Term Loan B, PRIME +
0.75%, 2/28/12	173
	500	Triumph Healthcare Second Holdings,
Inc., Term Loan, PRIME + 7.50%, 9/15/12	500,312
	3,037	US Oncology, Inc., Term Loan, LIBOR
+ 2.75%, 6/30/11	3,081,063
	995	Vanguard Hlth. Holding Co., Term
Loan, LIBOR + 2.25%, 9/30/11	1,000,390
		Warner Chilcott Corp.,
	530	Term Loan, 1.38%, 1/18/11	533,376
	2,177	Term Loan B, LIBOR +
2.75%, 1/18/11	2,192,186
	878	Term Loan C, LIBOR +
2.75%, 1/18/11	883,344
	405	Term Loan D, LIBOR +
2.75%, 1/18/11	408,080
			41,594,795
		Industrials1.1%
	481	Alderwoods Group, Inc., Term Loan
B2, LIBOR + 2.00%, 9/29/09	487,788
		Novelis, Inc.,
	285	Canadian Term Loan B,
LIBOR + 1.75%, 12/30/11	288,401
	580	US Term Loan B, LIBOR
+ 1.75%, 12/30/11	586,449
	2,000	Tinnerman Palnut Engineered Products,
Inc., Term Loan, LIBOR + 7.25%, 11/01/11	1,920,000
	1,702	Worldspan, LP, Term Loan, LIBOR +
2.75%, 6/30/07	1,661,795
			4,944,433
		Media14.9%
	1,854	Alliance Atlantis Communications,
Inc., Term Loan, LIBOR + 1.75%, 11/30/11	1,872,928
	1,745	American Lawyers Media, Inc., 1st
Lien, LIBOR + 2.50%, 3/15/10	1,747,079
	980	Bragg Communications, Inc., New Term
Loan B, LIBOR + 2.00%, 9/15/11	993,475
	1,000	Bresnan Communications LLC, Term
Loan, LIBOR + 3.50%, 9/30/10	1,015,313
	10,000	Century Cable Holdings, LLC, Discretionary
Term, PRIME + 2.00%, 12/31/09	9,917,860
	2,000	Century TCI California, L.P., Term
Loan, PRIME + 0.75%, 12/31/07	1,994,000
		Charter Communications Operating,
LLC,
	5,993	Tranche A Term Loan,
LIBOR + 3.00%, 4/27/10	6,017,017
	1,978	Tranche B Term Loan,
LIBOR + 3.25%, 4/30/11	1,985,616
	3,552	Dex Media East, LLC, Term Loan, LIBOR
+ 1.75%, 12/31/08	3,569,131
	1,722	Dex Media West, LLC, Term Loan, LIBOR
+ 1.75%, 9/01/09	1,729,842
	2,000	DirecTV Holdings, LLC, Term Loan,
LIBOR + 1.50%, 3/06/10	2,021,666
	1,985	Emmis Communications Co., Term Loan
B, LIBOR + 1.75%, 5/15/12	1,996,910
		Insight Midwest Holdings, LLC,
	4,229	Term Loan A, LIBOR +
1.50%, 6/30/09	4,231,075
	3,000	Term Loan C, LIBOR +
2.00%, 12/31/09	3,042,375
		Mediacom Communications Corp.,
	2,161	Term Loan A, LIBOR +
1.25%, 3/31/10	2,153,584
	998	Term Loan C, LIBOR +
2.00%, 9/30/10	1,011,060
	1,990	Mediacom Illinois LLC, Term Loan
B, LIBOR + 2.25%, 3/31/13	2,020,160
	1,946	Mission Broadcasting, Inc., Term
Loan B, LIBOR + 1.75%, 8/14/12	1,957,266
		Nep Supershooters, L.P.,
	695	First Lien Term Loan,
LIBOR + 4.00%, 2/01/11	700,829
	500	Second Lien Term Loan,
LIBOR + 8.00%, 8/01/11	503,750
	434	New Skies Satellites, Term Loan,
LIBOR + 2.25%, 4/12/11	439,275
	2,139	Nexstar Broadcasting, Inc., Term
Loan, LIBOR + 1.75%, 8/14/12	2,066,066
	5,000	Ntl Investment Holding Ltd., Term
Loan B, LIBOR + 3.00%, 4/13/12	5,018,750
	750	Puerto Rico Cable Acquisition Co.,
Second Lien Term Loan, LIBOR + 6.25%, 7/31/11	761,250
	2,500	Raycom Media, Inc., Term Loan B,
LIBOR + 1.75%, 4/01/12	2,509,375

BlackRock Global Floating Rate Income Trust (BGT) (continued)

	Principal
	Amount
Rating 1	(000)	Description	Value
		Media(contd)
	$ 1,250	San. Pasqual,Term 6 Months, LIBOR
+ 2.50%, 8/31/08	$ 1,250,000
	1,000	UPC Distribution Corp., Term Loan
H, LIBOR + 2.50%, 10/30/12	1,010,000
	3,954	Warner Music Group, Corp., Term Loan,
LIBOR + 2.00%, 4/08/11	3,996,110
	500	Young Broadcasting, Inc., Term Loan,
LIBOR + 2.25%, 11/01/12	502,917
			68,034,679
		Publishing0.2%
	750	Endurance Business Media, Term Loan
B, LIBOR + 2.75%, 3/15/12	753,750
		Real Estate2.9%
	1,247	Acoustical Materials, Term Loan,
LIBOR + 2.75%, 4/30/12	1,257,785
		General Growth Properties, Inc.,
	879	Term Loan A, LIBOR +
1.75%, 11/12/07	883,151
	3,500	Term Loan B, LIBOR +
2.00%, 11/12/08	3,542,000
		Headwaters, Inc.,
	2,704	Term Loan, LIBOR + 2.25%,
4/30/11	2,735,753
	62	Term Loan, PRIME + 1.25%,
4/30/11	63,229
	333	Second Lien Term Loan,
PRIME + 4.50%, 4/30/11	342,223
		Kyle Acquisition Group, LLC,
	731	Term Loan B, PRIME, 7/31/08	740,489
	550	Term Loan C, PRIME, 7/31/10	556,875
	908	Lake Las Vegas Resort, Term Loan,
LIBOR + 2.75%, 10/13/09	919,685
	1,000	Macerich Partnership, L.P., Interim
Term Loan, LIBOR + 1.60%, 3/31/06	1,000,000
	499	Masonite Intl. Corp., Term Loan,
LIBOR + 2.00%, 3/31/13	500,054
	475	Stewart Enterprises, Term Loan, LIBOR
+ 1.75%, 11/30/11	480,088
			13,021,332
		Technology2.2%
	2,916	DIrected Electronics, Inc., Term
Loan, LIBOR + 3.25%, 3/15/10	2,942,910
	499	Federal IT Systems, Inc., Term Loan,
LIBOR + 2.75%, 4/30/11	504,049
	2,359	Ugs Corp., Term Loan, LIBOR + 2.00%,
5/30/11	2,391,670
	2,889	Verifone, Inc., Term Loan, LIBOR
+ 2.00%, 6/30/11	2,904,164
	1,471	Westcom Corp., Term Loan B, LIBOR
+ 2.75%, 12/31/10	1,477,987
			10,220,780
		Telecommunications7.2%
	250	AAT Communications Corp.,First Lien
Term Loan, LIBOR + 1.75%, 7/31/12	253,281
	1,000	Alaska Communications Systems Holdings,
Inc., Term Loan, LIBOR + 2.00%, 1/31/12	1,013,542
	2,000	Atlantic Broadband Finance, LLC,
Term Loan B1, LIBOR + 2.75%, 1/30/11	2,030,000
	4,695	Centennial Cellular Operating Co.,
Term Loan, LIBOR + 2.25%, 2/09/11	4,735,891
	749	Fairpoint Communications, Inc., Term
Loan, LIBOR + 2.00%, 2/15/12	757,735
	2,494	Freedom Communications, Inc, Term
Loan B, LIBOR + 1.50%, 5/01/13	2,519,311
	995	Intelsat Bermuda, Ltd., Term Loan,
LIBOR + 1.75%, 7/31/11	1,003,291
	2,000	Iowa Telecommunications Services,
Inc., Term Loan, LIBOR + 1.75%, 11/30/11	2,024,376
		Ipc Acquisition Corp.,
	1,000	First Lien Term Loan,
LIBOR + 2.75%, 8/15/11	1,012,500
	750	Second Lien Term Loan,
LIBOR, 8/15/12	757,500
	1,000	Madison River Capital, LLC, Term
Loan B, LIBOR + 2.50%, 7/31/12	1,015,000
	1,496	Ntelos, Inc., Term Loan, LIBOR +
2.50%, 2/24/10	1,507,846
		PanAmSat Corp.,
	819	Term Loan A1, LIBOR +
2.50%, 8/20/09	826,930
	428	Term Loan A2, LIBOR +
2.50%, 8/20/09	432,377
	1,985	Term Loan B1, LIBOR +
2.25%, 7/16/11	2,010,284
	1,000	Qwest Corp., Term Loan A, LIBOR +
4.75%, 6/30/07	2,062,500
	2,000	Satbirds Finance, Second Lien Term
Loan, LIBOR + 4.25%, 10/15/13	2,423,223
	4,477	Triton PCS, Inc., Term Loan, LIBOR
+ 3.25%, 11/15/09	4,511,081
	1,933	Valor Telecommunications, Term Loan
B, LIBOR + 1.75%, 2/28/12	1,955,774
			32,852,443
		Transporation0.3%
	500	Sirva Worldwide, Inc, Term Loan L,
LIBOR + 3.00%, 12/31/09	476,750
	1,033	Transport Industries LP, Term Loan,
LIBOR + 4.00%, 6/14/10	1,033,014
			1,509,764
		Total Bank Loans	437,807,256

BlackRock Global Floating Rate Income Trust (BGT) (continued)

	Principal
	Amount
Rating 1	(000)		Description	Value
			Foreign Government Bonds30.7%
B-	$ 6,598		Argentina Republic, 3.01%, 8/03/12	$ 5,287,896
B+	7,261		Bolivarian Republic of Venezuela,
2.75%, 12/18/07	7,225,191
			Federative Republic of Brazil,
BB-	3,834		2.125%, 4/15/12	3,771,475
BB-	11,530		3.125%, 4/15/09-4/15/12	11,388,922
BB-	9,435	4	9.76%, 6/29/09	11,062,538
BB-	1,840		Ser. B, 10.00%, 8/07/11	2,150,960
B+	1,600		Islamic Republic of Pakistan, 6.75%,
2/19/09	1,633,899
NR	5,689		Kingdom of Morocco, Zero Coupon,
1/05/09	5,681,776
A-	800		Malaysia, 8.75%, 6/01/09	901,512
A	2,400		Republic of Chile, 6.875%, 4/28/09	2,577,504
BB	3,200		Republic of Costa Rica, 9.335%, 5/15/09	3,603,200
BB+	800		Republic of El Salvador, 9.50%, 8/15/06	832,400
			Republic of Panama,
BB	12,714		2.75%, 7/17/16	12,380,523
BB+	840		8.25%, 4/22/08	906,360
			Republic of Peru,
BB	5,488		4.50%, 3/07/17	5,323,360
BB	2,400		9.125%, 1/15/08	2,592,000
BBB+	2,400		Republic of South Africa, 7.375%,
4/25/12	2,703,600
BB-	2,400		Republic of the Philippines, 8.875%,
4/15/08	2,573,328
BB-	2,400		Republic of Turkey, 12.00%, 12/15/08	2,862,000
NR	950		Republic of Uruguay, 6.875%, 1/19/16	1,186,849
B+	4,428		Republic of Venezuela, 3.063%, 3/31/07	4,406,076
BBB-	4,000		Russian Federation, 10.00%, 6/26/07	4,352,800
A2	2,000	2	Sberbank of Russia, 10/24/06	2,024,800
			Ukraine,
BB-	2,800	3	6.875%, 3/04/11	2,940,000
BB-	16,100	3	7.343%, 8/05/09	17,511,970
			United Mexican States,
Baa1	4,800	2	4.83%, 1/13/09 Mexico	4,881,600
NR	53,910		8.00%, 12/24/08 Mexico	4,958,810
A	3,400		9.00%, 12/20/12 Mexico	323,338
			Venezuela Republic,
B+	4,000	2	5.181%, 4/20/11	3,960,000
B+	4,800		9.125%, 6/18/07	5,116,800
B+	2,000		11.00%, 3/05/08	2,821,456
			Total Foreign Government Bonds	139,942,943
			Total Long-Term Investments (cost
665,331,135 4 )	673,452,642

BlackRock Global Floating Rate Income Trust (BGT) (continued)


	Amount
	(000)	Description	Value
		SHORT-TERM INVESTMENTS6.5%
		Foreign Government Bond1.3%
	$ 5,000	German Treasury Bill, 1.993%, 11/16/05	$ 6,013,399
		U.S. Government and Agency Zero
Coupon Bond5.2%
	23,600	FNMA Discount Note, Zero Coupon, 10/03/05	23,595,411
		Total Short-Term Investments (cost
$29,721,449)	29,608,810
		Total investments154.1%
(cost $695,052,584)	$703,061,452
		Liabilities in excess of other assets(0.7)%	(3,366,210)
		Preferred shares at redemption value,
including dividends payable(53.4)%	(243,498,142)
		Net Assets100%	$456,197,100
1.	Using the higher of S&Ps, Moodys
or Fitchs Rating.
2.	Security interest rate is as of September
30, 2005.
3.	Security is not registered under the Securities
Act of 1933. These securities may be resold in transactions in
accordance with Rule 144A under that Act, to qualified institutional
buyers. As of September 30, 2005, the Trust held 7.7% of its net
assets, with a current market value of $34,899,746, in securities
restricted as to resale.
4.	Cost for Federal income tax purposes is
$665,394,160. The net unrealized appreciation on a tax basis is
$8,058,482, consisting of $10,949,194 gross unrealized appreciation
and $2,890,712 gross unrealized depreciation.

A category in the Corporate Bonds and Bank Loans sections may contain multiple industries as defined by the SECs Standard Industry Codes.

KEY TO ABBREVIATIONS

EUREuropean Monetary Unit

Item 2. Controls and Procedures.

(a) The Registrant's principal executive and principal financial officers have evaluated the Registrant's disclosure controls and procedures within 90 days of this filing and have concluded, as of that date, that the Registrants disclosure controls and procedures were reasonably designed to ensure that information required to be disclosed by the Registrant in this Form N-Q was recorded, processed, summarized, and reported within the required time periods and that information to be disclosed by the Registrant in this Form N-Q was accumulated and communicated to the Registrants management , including it principle executive and principle financial officers, as appropriate to allow timely decisions regarding required disclosure.

(b) There were no changes in the Registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a -3(d)) that occurred during the registrant's last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the Registrant's internal control over financial reporting.

Item 3. Exhibits.

Separate certifications of the registrants principal executive and financial officers pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 are attached as EX-99.CERT.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

(Registrant) BlackRock Global Floating Rate Income Trust

By: /s/ Henry Gabbay Name: Henry Gabbay Title: Treasurer Date: November 18, 2005

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.

By: /s/ Robert S. Kapito Name: Robert S. Kapito Title: Principal Executive Officer Date: November 18, 2005 By: /s/ Henry Gabbay Name: Henry Gabbay Title: Principal Financial Officer Date: November 18, 2005

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