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BLACKROCK INCOME TRUST, INC.

Regulatory Filings Mar 29, 2006

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PRE 14A 1 c41536_pre14a.htm SCHEDULE 14A (Rule 14a-101) INFORMATION REQUIRED IN PROXY STATEMENT SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant [X] Filed by a Party other than the Registrant [] Check the appropriate box: [X] Preliminary Proxy Statement [] Soliciting Material Under Rule [] Confidential, For Use of the 14a-12 Commission Only (as permitted by Rule 14a-6(e)(2)) [] Definitive Proxy Statement [_] Definitive Additional Materials

THE BLACKROCK INVESTMENT QUALITY MUNICIPAL TRUST INC. (“BKN”)
THE BLACKROCK INSURED MUNICIPAL 2008 TERM TRUST INC. (“BRM”)
THE BLACKROCK CALIFORNIA INSURED MUNICIPAL 2008 TERM TRUST INC. (“BFC”)
THE BLACKROCK FLORIDA INSURED MUNICIPAL 2008 TERM TRUST (“BRF”)
THE BLACKROCK NEW YORK INSURED MUNICIPAL 2008 TERM TRUST INC. (“BLN”)
THE BLACKROCK BROAD INVESTMENT GRADE 2009 TERM TRUST INC. (“BCT”)
THE BLACKROCK INCOME TRUST INC. (“BKT”)
THE BLACKROCK HIGH YIELD TRUST (“BHY”)
THE BLACKROCK MUNICIPAL TARGET TERM TRUST INC. (“BMN”)
THE BLACKROCK CALIFORNIA INVESTMENT QUALITY MUNICIPAL TRUST INC. (“RAA”)
THE BLACKROCK FLORIDA INVESTMENT QUALITY MUNICIPAL TRUST (“RFA”)
THE BLACKROCK NEW JERSEY INVESTMENT QUALITY MUNICIPAL TRUST INC. (“RNJ”)
THE BLACKROCK NEW YORK INVESTMENT QUALITY MUNICIPAL TRUST INC. (“RNY”)
THE BLACKROCK INCOME OPPORTUNITY TRUST INC. (‘”BNA”)
THE BLACKROCK INSURED MUNICIPAL TERM TRUST INC. (“BMT”)
THE BLACKROCK PENNSYLVANIA STRATEGIC MUNICIPAL TRUST (“BPS”)
THE BLACKROCK STRATEGIC MUNICIPAL TRUST (“BSD”)
BLACKROCK FLORIDA MUNICIPAL INCOME TRUST (“BBF”)
BLACKROCK MUNICIPAL INCOME TRUST (“BFK”)
BLACKROCK CALIFORNIA MUNICIPAL INCOME TRUST (“BFZ”)
BLACKROCK NEW JERSEY MUNICIPAL INCOME TRUST (“BNJ”)
BLACKROCK NEW YORK MUNICIPAL INCOME TRUST (“BNY”)
BLACKROCK CALIFORNIA MUNICIPAL 2018 TERM TRUST (“BJZ”)
BLACKROCK MUNICIPAL 2018 TERM TRUST (“BPK “)
BLACKROCK NEW YORK MUNICIPAL 2018 TERM TRUST (“BLH”)
BLACKROCK CORE BOND TRUST (“BHK”)
BLACKROCK STRATEGIC BOND TRUST (“BHD”)
BLACKROCK MUNICIPAL BOND TRUST (“BBK”)
BLACKROCK CALIFORNIA MUNICIPAL BOND TRUST (“BZA”)
BLACKROCK FLORIDA MUNICIPAL BOND TRUST (“BIE”)
BLACKROCK MARYLAND MUNICIPAL BOND TRUST (“BZM”)
BLACKROCK NEW JERSEY MUNICIPAL BOND TRUST (“BLJ”)
BLACKROCK NEW YORK MUNICIPAL BOND TRUST (“BQH”)
BLACKROCK VIRGINIA MUNICIPAL BOND TRUST (“BHV”)
BLACKROCK MUNICIPAL INCOME TRUST II (“BLE”)
BLACKROCK CALIFORNIA MUNICIPAL INCOME TRUST II (“BCL”)
BLACKROCK NEW YORK MUNICIPAL INCOME TRUST II (“BFY”)
BLACKROCK INSURED MUNICIPAL INCOME TRUST (“BYM”)
BLACKROCK CALIFORNIA INSURED MUNICIPAL INCOME TRUST (“BCK”)
BLACKROCK FLORIDA INSURED MUNICIPAL INCOME TRUST (“BAF”)
BLACKROCK NEW YORK INSURED MUNICIPAL INCOME TRUST (“BSE”)
BLACKROCK PREFERRED OPPORTUNITY TRUST (“BPP”)
BLACKROCK LIMITED DURATION INCOME TRUST (“BLW”)
BLACKROCK MUNICIPAL 2020 TERM TRUST (“BKK”)
BLACKROCK FLORIDA MUNICIPAL 2020 TERM TRUST (“BFO”)
BLACKROCK DIVIDEND ACHIEVERS(TM) TRUST (“BDV”)
BLACKROCK STRATEGIC DIVIDEND ACHIEVERS(TM) TRUST (“BDT”)
BLACKROCK S&P QUALITY RANKINGS GLOBAL EQUITY MANAGED TRUST (“BQY”)
BLACKROCK GLOBAL FLOATING RATE INCOME TRUST (“BGT”)
BLACKROCK GLOBAL ENERGY AND RESOURCES TRUST (“BGR”)
BLACKROCK HEALTH SCIENCES TRUST (“BME”)
BLACKROCK HIGH INCOME SHARES (“HIS”)
BLACKROCK GLOBAL OPPORTUNITIES EQUITY TRUST (“BOE”)
BLACKROCK ENHANCED DIVIDEND ACHIEVERS (TM) TRUST (“BDJ”)
BLACKROCK WORLD INVESTMENT TRUST (“BWC”)
BLACKROCK LONG-TERM MUNICIPAL ADVANTAGE TRUST (“BTA”)

-------------------------------------------------------------------------------- (Name of Registrant as Specified In Its Charter) -------------------------------------------------------------------------------- (Name of Person(s) Filing Proxy Statement, if Other Than the Registrant) Payment of Filing Fee (Check the appropriate box): [X] No fee required. [] Fee computed on table below per Exchange Act Rules 14a-6(i)(4) and 0-11. 1) Title of each class of securities to which transaction applies: ________________________________________________________________________________ 2) Aggregate number of securities to which transaction applies: ________________________________________________________________________________ 3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined): ________________________________________________________________________________ 4) Proposed maximum aggregate value of transaction: ________________________________________________________________________________ 5) Total fee paid: ________________________________________________________________________________ [] Fee paid previously with preliminary materials: ___________ [] Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the form or schedule and the date of its filing. 1) Amount previously paid: ____________ 2) Form, Schedule or Registration Statement No.: ___________ 3) Filing Party: ___________ 4) Date Filed: ______________

BLACKROCK CLOSED-END FUNDS 100 BELLEVUE PARKWAY WILMINGTON, DELAWARE 19809

NOTICE OF JOINT ANNUAL MEETING OF STOCKHOLDERS/SHAREHOLDERS TO BE HELD ON MAY 23, 2006

Notice is hereby given to the Stockholders/Shareholders of each of the BlackRock Closed-End Funds listed on Appendix A to the Proxy Statement accompanying this notice (collectively, the “Trusts”) that:

The Joint Annual Meeting of Stockholders/Shareholders of the Trusts (the “Annual Meeting”) will be held at the New York East Side Marriott, 525 Lexington Avenue, New York, New York, on Tuesday, May 23, 2006, at 10:00 a.m. (New York City time). For the sake of convenience and clarity, individual Trusts are identified throughout this notice and the attached Proxy Statement by their trading symbols. A list of the Trusts setting forth each Trust’s full name and trading symbol is attached to the Proxy Statement accompanying this notice as Appendix A. The Annual Meeting is being held for the following purposes:

| 1. | For
shareholders of all Trusts, to elect nominees for the Board of Directors of
each Trust in which they own shares. |
| --- | --- |
| 2. | For each of
the following Trusts, to amend its respective Declaration of Trust to expand
the authority of the executive committee of the Board of Directors: |

BHY BPS BSD

  1. For each of the following Trusts, to amend its respective Certificate of Designation or Statement of Preferences, as appropriate, to revise the language regarding preferred shares to allow the Trusts to follow the most recent guidelines of Standard & Poor’s (“S&P”), Moody’s Investors Service, Inc. (“Moody’s”) and/or Fitch Ratings (“Fitch”), as appropriate, for credit rating criteria in effect from time to time to maintain a “AAA” rating on preferred shares:
RAA BFC
RFA BRM
RNJ BLN
RNY BSD
BKN BRF
  1. To transact such other business as may properly come before the Annual Meeting or any adjournments or postponements thereof.

THE BOARD OF DIRECTORS (THE “BOARD”) OF EACH TRUST, INCLUDING THE INDEPENDENT DIRECTORS, UNANIMOUSLY RECOMMENDS THAT YOU VOTE “FOR” EACH OF THE PROPOSALS.

We encourage you to contact BlackRock toll free at (800) 882-0052 from 9:00 a.m. to 6:00 p.m. EST if you have any questions.

The Board of each Trust has fixed the close of business on February 28, 2006 as the record date for the determination of Stockholders/Shareholders entitled to notice of, and to vote at, the Annual Meeting. We urge you to mark, sign, date, and mail the enclosed proxy in the postage-paid envelope provided or record your voting instructions via telephone or the internet (for those Trusts that permit voting by telephone or internet) so you will be represented at the Annual Meeting.

| By order of
the |
| --- |
| Board of each
Trust |
| Vincent B.
Tritto, Secretary of each Trust |

New York, New York April 19, 2006

IT IS IMPORTANT THAT YOUR SHARES BE REPRESENTED AT THE ANNUAL MEETING IN PERSON OR BY PROXY. WHETHER OR NOT YOU PLAN TO ATTEND THE ANNUAL MEETING, PLEASE VOTE BY TELEPHONE, INTERNET OR MAIL. (NOT EVERY TRUST PERMITS VOTING BY INTERNET AND TELEPHONE. PLEASE CHECK YOUR PROXY CARD.) IF VOTING BY MAIL PLEASE SIGN, DATE AND RETURN THE ENCLOSED PROXY CARD IN THE ACCOMPANYING POSTAGE-PAID ENVELOPE. IF YOU ATTEND THE ANNUAL MEETING AND WISH TO VOTE IN PERSON, YOU WILL BE ABLE TO DO SO AND YOUR VOTE AT THE ANNUAL MEETING WILL REVOKE ANY PROXY YOU MAY HAVE SUBMITTED. YOUR VOTE IS EXTREMELY IMPORTANT. NO MATTER HOW MANY OR HOW FEW SHARES YOU OWN, PLEASE SEND IN YOUR PROXY CARD TODAY.

2

BLACKROCK CLOSED-END FUNDS PROXY STATEMENT FOR JOINT ANNUAL MEETING OF STOCKHOLDERS/SHAREHOLDERS TO BE HELD ON MAY 23, 2006

This document will give you the information you need to vote on the matters listed on the accompanying Notice of Joint Annual Meeting of Stockholders/Shareholders (“Notice of Annual Meeting”). Much of the information in this joint proxy statement (“Proxy Statement”) is required under rules of the Securities and Exchange Commission (“SEC”); some of it is technical. If there is anything you don’t understand, please contact us at our toll-free number, (800) 882-0052.

This Proxy Statement is furnished in connection with the solicitation by the respective Board of Directors or Trustees, as the case may be (the “Board”), of each of the Trusts (as defined in the Notice of Annual Meeting) of proxies to be voted at the Joint Annual Meeting of Stockholders/Shareholders of the Trusts to be held on Tuesday, May 23, 2006, and any adjournment or postponement thereof (the “Annual Meeting”). The Annual Meeting will be held at the New York East Side Marriott, 525 Lexington Avenue, New York, New York, on May 26, 2005, at 10:00 a.m. (New York City time). As used in the Notice of Annual Meeting and as used herein, the term “Board of Directors” shall include Board of Trustees, “Directors” shall include Trustees, the term “shareholders” shall include stockholders and the term “share” shall include stock where the use of the terms “Board of Trustees” or “Trustees” or “stockholders” or “stock” would otherwise be appropriate. This Proxy Statement, the Notice of Annual Meeting and the enclosed proxy card are first being sent to the Trusts’ shareholders on or about April 19, 2006.

*** WHY IS A SHAREHOLDER MEETING BEING HELD?**

Because the common shares of each Trust are listed on a nationally recognized stock exchange that requires each Trust to hold an annual meeting of shareholders.

*** WHAT PROPOSALS WILL BE VOTED ON?**

In the first proposal (the “First Proposal” or “Proposal 1”), shareholders of all Trusts are being asked to elect nominees for the Board of Directors of each Trust in which they own shares.

In the second proposal (the “Second Proposal” or “Proposal 2”), shareholders of the following Trusts are being asked to approve an amendment to the Declaration of Trust of each such Trust to allow the Trustees to expand the authority of the executive committee of the Board of Directors:

BHY BPS BSD

In the third proposal (the “Third Proposal” or “Proposal 3”), shareholders of the following Trusts are being asked to approve an amendment to the Certificate of Designation or Statement of Preferences, as appropriate, to revise the language regarding preferred shares to allow the Trusts to follow the most recent guidelines of Standard & Poor’s (“S&P”), Moody’s Investors Service, Inc. (“Moody’s”) and/or Fitch Ratings (“Fitch”), as appropriate, for credit rating criteria in effect from time to time to maintain a AAA rating on preferred shares:

RAA BFC
RFA BRM
RNJ BLN
RNY BSD
BKN BRF

Summary:

| PROPOSALS — #1 To elect
Directors | TRUST — All Trusts | | |
| --- | --- | --- | --- |
| #2 To amend the
Trusts’ Declaration of Trust | BHY | BPS | BSD |
| #3 To amend the
Trusts’ Certificate of Designation or Statement of Preferences, as
appropriate | RAA | BFC | BMT |
| | RFA | BRM | |
| | RNJ | BLN | |
| | RNY | BSD | |
| | BKN | BRF | |

  • WILL MY VOTE MAKE A DIFFERENCE?

YES! Your vote is important and will make a difference in the governance of the Trust(s), no matter how many shares you own.

  • WHO IS ASKING FOR YOUR VOTE?

The enclosed proxy is solicited by the Board of each Trust for use at the Annual Meeting to be held on Tuesday, May 23, 2006, and, if the Annual Meeting is adjourned or postponed, at any later meetings, for the purposes stated in the Notice of Annual Meeting (see previous pages). The Notice of Annual Meeting, the proxy and this Proxy Statement are being mailed on or about April 19, 2006.

  • HOW DO THE TRUSTS’ BOARDS RECOMMEND THAT SHAREHOLDERS VOTE ON THE PROPOSALS?

Each Board unanimously recommends that you vote “FOR” each respective Proposal on which you are entitled to vote.

  • WHO IS ELIGIBLE TO VOTE?

Shareholders of record of each Trust at the close of business on February 28, 2006 are entitled to be present and to vote at the Annual Meeting or any adjourned or postponed meeting.

Each share is entitled to one vote. Shares represented by duly executed proxies will be voted in accordance with your instructions. If you sign the proxy, but don’t fill in a vote, your shares will be voted in accordance with your Board’s recommendation. If any other business is brought before your Trust’s Annual Meeting, your shares will be voted at your Board’s discretion.

  • HOW MANY SHARES OF EACH TRUST WERE OUTSTANDING AS OF THE RECORD DATE?

Appendix B sets forth the number of outstanding shares for each Trust at the close of business on February 28, 2006.

  • WHY DOES THIS PROXY STATEMENT LIST SEVERAL CLOSED-END FUNDS?

The Trusts have similar proposals and it is cost-efficient to have a joint proxy statement and one annual meeting. In the event that any shareholder present at the Annual Meeting objects to the holding of a joint meeting and moves for an adjournment of his or her Trust’s meeting to a time immediately after the Annual Meeting so that such Trust’s meeting may be held separately, the persons named as proxies will vote in favor of such adjournment. Shareholders of each Trust will vote separately on the respective Proposals relating to their Trust. In any event, an unfavorable vote on any Proposal by the shareholders of one Trust will not affect the implementation of such Proposal by another Trust if the Proposal is approved by the shareholders of that Trust.

2

The Proposals

*** FIRST PROPOSAL : TO ELECT DIRECTORS**

WHO ARE THE NOMINEES FOR DIRECTORS?

The Directors of the Trusts are classified into three classes of Directors: Class I, Class II and Class III. Each class has a term of three years. The term of office of one class of Directors is expiring for each Trust and the Directors of the respective Trust whose terms are expiring are being nominated for election at the Annual Meeting.

Some of the Trusts have issued preferred shares. As required by the 1940 Act, owners of preferred shares, voting as a separate class, are entitled to elect two directors. Historically, Messrs. Cavanagh and Fabozzi have been the directors elected by the owners of preferred shares. The Governance Committee has recommended that Mr. Cavanagh resign from the role of preferred share director because it is anticipated that he will become the lead independent director when Dr. Brimmer retires and the committee believes it is more appropriate for the lead independent director to be elected by all of the shareholders. The Governance Committee has nominated Kathleen F. Feldstein to replace Mr. Cavanagh as the second director elected by owners of preferred shares. Accordingly, the Boards of those Trusts issuing preferred shares here nominated Kathleen F. Feldstein and Frank J. Fabozzi to be elected by the owners of preferred shares.

Mr. Cavanagh, a Class I Director, and Ms. Feldstein, a Class II Director, will each stand for election to the Board of each Trust schedule to vote for their respective class at the Annual Meeting. In addition, Mr. Cavanagh will stand for election to Board of each other Trust that has preferred shares outstanding, because the common shareholders of those Trusts previously have not had the opportunity to vote for him. Similarly, Ms. Feldstein will stand for election to the Board of each other Trust that has preferred shares outstanding, because the preferred shareholders of those Trusts, voting as a separate class, previously have not had the opportunity to vote for her as a preferred share Director.

The following table sets forth the class and nominees to be voted on by each Trust. Each nominee’s background is described in further detail below. Unless indicated by an asterisk, each Director will be voted on by holders of common shares and preferred shares voting together as a single class and the holders of any preferred shares will have equal voting rights with the holders of common shares (i.e., one vote per share).

TRUST DIRECTORS STANDING FOR ELECTION — Class I Directors Class II Directors Class III Directors
BPK BFZ BJZ BGT Richard
E. Cavanagh Frank
J. Fabozzi Kathleen F. Feldstein Ralph L. Schlosstein __
BBF BNJ BLH
BFK BNY BMT
BDT BQY BHK BME __ Frank
J. Fabozzi Kathleen F. Feldstein Ralph L. Schlosstein __
BOE BDJ BHD HIS
BKT BNA BWC
BGR BMN BTA
BPS BPP BFO RNJ Richard
E. Cavanagh Kathleen
F. Feldstein* Andrew
F. Brimmer Kent Dixon Robert S. Kapito
BSD BKK RNY RAA
RFA
BLW BDV BCT __ __ Andrew
F. Brimmer Kent Dixon Robert S. Kapito
BBK BKN BLE BYM Richard
E. Cavanagh R. Glenn Hubbard Kathleen
F. Feldstein* __
BQH BRF BCL BLJ
BZA BHV BRM BSE
BZM BIE BFY BFC
BCK BAF BLN
BHY Richard
E. Cavanagh R. Glenn Hubbard __ __
  • Voted on by preferred shareholders only.

3

Each Director elected will hold office for three years or until their respective class stands for re-election, whichever is shorter, and until their successors shall have been elected and qualified. The other Directors of the Trusts will continue to serve under their current terms. The other classes will be elected at subsequent annual meetings of shareholders.

BCT holds substantially all of its assets in its wholly owned subsidiary, BCT Subsidiary Inc. (“BCTS”). The Board of the wholly owned subsidiary is identical to the Board of its parent company. Accordingly, nominees elected as Directors of BCT will be appointed by BCT to serve as Directors of BCTS which has investment objectives and policies identical to BCT.

Mr. Clay LaForce and Mr. Walter Mondale retired from the Board of Directors on February 23, 2006. The Board of Directors has not nominated candidates to replace Messrs. LaForce and Mondale and has not yet determined whether to do so.

Certain information concerning the nominees for each of the Trusts is set forth in the table below. All of the nominees are currently Directors of each of the Trusts, including BCTS, and have served in such capacity since each of the Trusts commenced their respective operations, except for the following exceptions:

| • | Mr. Richard
E. Cavanagh has served as Director since his appointment by the Boards of
BKN, BRM, BFC, BRF, BLN, BCT, BKT, BMN, RAA, RFA, RNJ, RNY, BNA and BMT on
August 11, 1994 to fill a vacancy; |
| --- | --- |
| • | Mr. Robert
S. Kapito was appointed by the Boards on August 22, 2002 to fill a vacancy
for each of the Trusts in existence on such date; |
| • | Mr. R. Glenn
Hubbard was appointed to the Board of each Trust November 23, 2004 for each
of the Trusts in existence on such date; and |
| • | Ms. Kathleen
F. Feldstein was appointed as a board member to BKT, BNA, BMN, BMT, BGR, RNY,
RNJ, RFA, RAA, BSD, BPS, BCT, BKN, BRM, BFC, BRF, BLN and BHY and an Advisory
Board member to the other Trusts then in existence as of January 19, 2005.
She was elected as a Director to such other Trusts at the annual meeting of
shareholders on May 26, 2005. |

As of February 28, 2006, each Director holds his/her position as to each of the 56 active closed-end funds advised by BlackRock Advisors, Inc. (the “Fund Complex”). As of February 28, 2006, the Fund Complex consisted of 56 active closed-end funds, each with one investment portfolio. Certain information concerning the nominees for each of the Trusts is set forth in the table below. Except as indicated, each individual has held the office shown or other offices in the same company for the last five years. Independent directors are those who are not interested persons of the Trusts or BlackRock Advisors, Inc. for purposes of the Investment Company Act of 1940 and comply with the definition of “independent” (as defined in Rule 10A-3 under the Securities Exchange Act of 1934) (the “Independent Directors”). Unless specified otherwise below, the business address of the Directors and officers of each of the Trusts is 40 East 52nd Street, New York, New York 10022, and the address of BlackRock Advisors, Inc. (the “Advisor”) is 100 Bellevue Parkway, Wilmington, Delaware 19809.

| NAME, ADDRESS AND AGE | PRINCIPAL OCCUPATION(S) DURING PAST 5 YEARS | OTHER DIRECTORSHIPS HELD BY DIRECTOR OR NOMINEE FOR
DIRECTOR |
| --- | --- | --- |
| INTERESTED
DIRECTORS: | | |
| Ralph
L. Schlosstein* Age 55 Class II | Director since 1999 and
President of BlackRock, Inc. since its formation in 1998 and of BlackRock,
Inc.’s predecessor entities since 1988. Member of the Management Committee
and Investment Strategy Group of BlackRock, Inc. Formerly, Managing Director
of Lehman Brothers, Inc. and Co-head of its Mortgage and Savings Institutions
Group. Chairman and President of the BlackRock Liquidity Funds and Director
of several of BlackRock’s alternative investment vehicles. Chairman of the
Board of Anthracite Capital, Inc. since September 2005. | Member of the Visiting
Board of Overseers of the John F. Kennedy School of Government at Harvard
University, a member of the board of the Financial Institutions Center of The
Wharton School of the University of Pennsylvania, a trustee of the American
Museum of Natural History, a trustee of Trinity School in New York City, a
member of the Board of Advisors of Marujupu LLC, and a trustee of New Visions
for Public Education, the Public Theater in New York City and the James Beard
Foundation. Formerly, a director of Pulte Corporation, the nation’s largest
homebuilder, a Trustee of Denison University and a member of Fannie Mae’s
Advisory Council. |

4

| Robert
S. Kapito* Age: 49 Class III | Vice Chairman of BlackRock,
Inc. Head of the Portfolio Management Group. Also a member of the Management
Committee, the Investment Strategy Group, the Fixed Income and Global
Operating Committees and the Equity Investment Strategy Group of BlackRock,
Inc. Responsible for the portfolio management of the Fixed Income, Domestic
Equity and International Equity, Liquidity, and Alternative Investment Groups
of BlackRock. | Chairman of the Hope and
Heroes Children’s Cancer Fund. President of the Board of Directors of the
Periwinkle National Theatre for Young Audiences. |
| --- | --- | --- |
| INDEPENDENT
DIRECTORS: | | |
| Andrew
F. Brimmer P.O. Box 4546 New York, NY 10163 Age: 79 Class III | President of Brimmer &
Company, Inc., a Washington D.C.-based economic and financial consulting
firm, also Wilmer D. Barrett Professor of Economics, University of
Massachusetts - Amherst. Formerly member of the Board of Governors of the
Federal Reserve System. Formerly Chairman, District of Columbia Financial
Control Board. | Director of CarrAmerica
Realty Corporation and Borg-Warner Automotive. Formerly Director of AirBorne
Express, BankAmerica Corporation (Bank of America), BellSouth Corporation,
College Retirement Equities Fund (Trustee), Commodity Exchange, Inc. (Public
Governor), Connecticut Mutual Life Insurance Company, E.I. du Pont de Nemours
& Company, Equitable Life Assurance Society of the United States, Gannett
Company, Mercedes-Benz of North America, MNC Financial Corporation (American
Security Bank), NCM Capital Management, Navistar International Corporation,
PHH Corp. and UAL Corporation (United Airlines). |
| Richard
E. Cavanagh P.O. Box 4546 New York, NY 10163 Age: 59 Class I | President and Chief
Executive Officer of The Conference Board, Inc., a leading global business
research organization, from 1995-present. Former Executive Dean of the John
F. Kennedy School of Government at Harvard University from 1988-1995. Acting
Director, Harvard Center for Business and Government (1991-1993). Formerly
Partner (principal) of McKinsey & Company, Inc. (1980-1988). Former
Executive Director of Federal Cash Management, White House Office of
Management and Budget (1977-1979). Co-author, THE WINNING PERFORMANCE (best
selling management book published in 13 national editions). | Trustee of Aircraft Finance
Trust (AFT) and Chairman of Educational Testing Service (ETS). Director, Arch
Chemicals, Fremont Group and The Guardian Life Insurance Company of America. |
| Kent
Dixon P.O. Box 4546 New York, NY 10163 Age: 68 Class III | Consultant/Investor. Former
President and Chief Executive Officer of Empire Federal Savings Bank of
America and Banc PLUS Savings Association, former Chairman of the Board,
President and Chief Executive Officer of Northeast Savings. | Former Director of ISFA
(the owner of INVEST, a national securities brokerage service designed for
banks and thrift institutions). |
| Frank
J. Fabozzi P.O. Box 4546 New York, NY 10163 Age: 57 Class II | Consultant. Editor of THE
JOURNAL OF PORTFOLIO MANAGEMENT and Adjunct Professor of Finance and Becton
Fellow at the School of Management at Yale University. Author and editor of
several books on fixed income portfolio management. Visiting Professor of
Finance and Accounting at the Sloan School of Management, Massachusetts
Institute of Technology from 1986 to August 1992. | Director, Guardian Mutual
Funds Group (18 portfolios). |

5

| Kathleen F. Feldstein P.O. Box 4546 New York, NY 10163 Age: 64 Class II | President of
Economics Studies, Inc., a Belmont, MA-based private economic consulting
firm, since 1987; Chair, Board of Trustees, McLean Hospital in Belmont, MA. | Director of
BellSouth Inc., Ionics, Inc. and Knight Ridder, Inc.; Trustee of the Museum
of Fine Arts, Boston, and of the Committee for Economic Development and
member of Partners HealthCare and Sherrill House Inc.; Member of the Visiting
Committee of the Harvard University Art Museums and of the Advisory Board to
the International School of Business at Brandeis University. |
| --- | --- | --- |
| R. Glenn Hubbard P.O. Box 4546 New York, NY 10163 Age: 47 Class I | Dean of
Columbia Business School since July 1, 2004. Columbia faculty member since
1988. Co-director of Columbia Business School’s Entrepreneurship Program
1994-1997. Visiting Professor at the John F. Kennedy School of Government at
Harvard University and the Harvard Business School, as well as the University
of Chicago. Visiting scholar at the American Enterprise Institute in Washington
and member of International Advisory Board of the MBA Program of Ben-Gurion
University. Deputy assistant secretary of the U.S. Treasury Department for
Tax Policy 1991-1993. Chairman of the U.S. Council of Economic Advisers under
the President of the United States 2001-2003. | Director of
ADP, Dex Media, Duke Realty, KKR Financial Corporation, and Ripplewood
Holdings. Advisory boards of the Congressional Budget Office, the Council on
Competitiveness, the American Council on Capital Formation, the Tax Foundation
and the Center for Addiction and Substance Abuse. Trustee of Fifth Avenue
Presbyterian Church of New York. |

DO THE TRUSTS HAVE ANY COMMITTEES?

Yes. The Trusts’ Directors have determined that the efficient conduct of the Trusts’ affairs makes it desirable to delegate responsibility for certain specific matters to committees of the Boards. The committees meet as often as necessary, either in conjunction with regular meetings of the Directors or otherwise. The Board has created a Governance Committee comprised of all of the Independent Directors. The Governance Committee appoints the members and chairperson of the Compliance Committee, Portfolio Review Committees and the chairperson of the Governance Committee. The Board appoints the members and chairperson of the Audit Committee.

GOVERNANCE COMMITTEE

Each of the Trusts has a Governance Committee, which also performs the functions normally performed by a nominating committee. The 1940 Act requires that the Trusts have a minimum proportion of directors who are not affiliated in any way with the investment manager, principal underwriter or any broker-dealer of the Trusts. These Independent Directors must vote separately to approve all financial arrangements and other agreements with the Trusts’ investment manager and other affiliated parties. Each Trust’s Independent Directors meet regularly (at least quarterly) as a group in executive session as the Governance Committee. As part of its duties, the Governance Committee makes recommendations to the full Board of each Trust with respect to candidates for the Board and with respect to the compensation of Directors. The Governance Committee will consider director candidates recommended by shareholders. In considering candidates submitted by shareholders, the Governance Committee will take into consideration the needs of the Board and the qualifications of the candidate. The Governance Committee may also take into consideration the number of shares held by the recommending shareholder and the length of time that such shares have been held. To have a candidate considered by the Governance Committee, a shareholder must submit the recommendation in writing and must include:

| • | The name of
the shareholder and evidence of the person’s ownership of shares of the
applicable Trust(s), including the number of shares owned and the length of
time of ownership; and |
| --- | --- |
| • | The name of
the candidate, the candidate’s resume or a listing of his or her
qualifications to be a Director of the Trust(s) and the person’s consent to
be named as a Director if selected by the Governance Committee and nominated
by the Board. |

The shareholder recommendation and information described above must be sent to the Corporate Secretary, c/o BlackRock, P.O. Box 4546, New York, New York 10163, and must be received by the Corporate Secretary not less than 120 days

6

prior to the anniversary date of the Trust’s most recent annual meeting of shareholders (which deadline will be no later than January 23, 2007, for next year’s Annual Meeting). The Governance Committee believes that the minimum qualifications for serving as a Director of the Trust(s) are that a candidate demonstrate, by significant accomplishment in his or her field, an ability to make a meaningful contribution to the Board’s oversight of the business and affairs of the Trust(s) and have an impeccable record and reputation for honest and ethical conduct in both his or her professional and personal activities. In addition, the Governance Committee examines a candidate’s specific experiences and skills, time availability in light of other commitments, potential conflicts of interest and independence from management and the Trust(s). The Governance Committee also seeks to have the Board represent a diversity of backgrounds and experience.

The Joint Governance Committee Charter of the Trusts is available at BlackRock, Inc.’s (“BlackRock ’s”) website at http://www.blackrock.com/indiv/products/closedendfunds/corpgov.html.

AUDIT COMMITTEE

Each of the Trusts has an Audit Committee, composed of four of the Independent Directors, which is charged with selecting a firm of independent registered public accountants for its respective Trust and reviewing accounting matters with the accountants.

The Audit Committee of each Trust presents the following report:

The Audit Committee of each Trust has performed the following functions: (i) the Audit Committee reviewed and discussed the audited financial statements of each Trust with management of each respective Trust, (ii) the Audit Committee discussed with the independent registered public accounting firm the matters required to be discussed by the Statement on Auditing Standards No. 61, (iii) the Audit Committee received the written disclosures and the letter from the independent registered public accounting firm required by ISB Standard No. 1 and has discussed with the independent registered public accounting firm their independence and (iv) the Audit Committee recommended to the Board of Directors of each Trust that the financial statements be included in each Trust’s Annual Report for the past fiscal year.

The members of the Audit Committee of each Trust are Messrs. Brimmer (Chairman of the Audit Committee), Cavanagh, Dixon and Fabozzi, all of whom are Independent Directors. The Board of each Trust has determined that each Trust has three audit committee financial experts serving on its Audit Committee, Dr. Brimmer, Mr. Dixon and Mr. Fabozzi, all of whom are independent for the purpose of the definition of audit committee financial expert as applicable to the Trusts. The Audit Committee is governed by a written charter, which was revised on May 26, 2005 and re-approved in February 2006 and is attached hereto as Appendix C.

PORTFOLIO REVIEW COMMITTEES

In an effort to continue to improve the Board’s oversight and governance of the Trusts, the Governance Committee created two portfolio review committees (the “Portfolio Review Committees”). The purposes of each Portfolio Review Committee are as follows: (1) to support the Independent Directors in acting independently of BlackRock in pursuing the best interests of the Trusts and their shareholders, (2) to review the investment objectives, policies and practices of each Trust under its oversight, (3) to review with respect to each Trust under its oversight: (a) whether such Trust has complied with its investment policies and restrictions as reflected in its prospectus and Statement of Additional Information, (b) appropriate benchmarks and competitive universes, (c) investment performance, (d) unusual or exceptional investment matters and (e) other matter bearing on such Trust’s investment results.

Each Trust’s Portfolio Review Committee was formed in November of 2005. The Taxable and Municipal Trusts Portfolio Review Committee is chaired by Richard E. Cavanagh, and Frank J. Fabozzi, Kathleen F. Feldstein, and Ralph L. Schlosstein are members. The Equity and High Yield Trusts Portfolio Review Committee is chaired by Kent Dixon, and R. Glenn Hubbard, and Robert S. Kapito are members. Andrew F. Brimmer is an ex officio member of each Portfolio Review Committee.

The Portfolio Review Committees may meet as a whole or separately and concurrently with each other. Portfolio reviews of particular Trusts will be allocated among the Portfolio Review Committees as determined by the Governance Committee in consultation with BlackRock.

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COMPLIANCE COMMITTEE

Each Trust has a Compliance Committee that was formed in November of 2005. All members of the Compliance Committee are Independent Directors. The members and the chair of the Compliance Committee are determined annually by the Governance Committee. Dr. Andrew F. Brimmer is the chair of the Compliance Committee for each of the Trusts. Richard E. Cavanagh, Kathleen F. Feldstein and R. Glenn Hubbard, are members of the Compliance Committee.

The purposes of the Compliance Committee are to (1) support the Independent Directors in acting independently of the Adviser in pursuing the best interests of the Trusts and their shareholders, (2) receive information on and, where appropriate recommend policies concerning the Trusts compliance with applicable law, and (3) receive reports from and make recommendations in respect of the Trusts’ Chief Compliance Officer.

EXECUTIVE COMMITTEE

Each Trust has an Executive Committee composed of Messrs. Schlosstein and Kapito, which acts on behalf of the full Board on certain matters in the interval between meetings of the Board.

  • DO THE TRUSTS HAVE A POLICY WITH RESPECT TO THE ATTENDANCE OF DIRECTORS AT THE ANNUAL MEETING?

It is the Trusts’ policy to encourage Directors to attend the Annual Meeting. At the Annual Meeting on May 26, 2005, all of the Trusts’ Directors serving at that time were present.

  • HOW CAN THE TRUSTS’ SHAREHOLDERS SEND COMMUNICATIONS TO THE DIRECTORS?

Shareholders and other interested parties may contact the Boards or any member of the Boards by mail or electronically. To communicate with the Boards or any member of the Boards, correspondence should be addressed to the Board or the Board members with whom you wish to communicate by either name or title. All such correspondence should be sent c/o Secretary of the applicable Trust or Trusts at P.O. Box 4546, New York, New York 10163. Shareholders may communicate with the Boards electronically by sending an email to [email protected].

  • HOW MANY SHARES OF THE TRUSTS DO THE DIRECTORS OWN?

The chart attached hereto as Appendix D lists the number of shares beneficially owned by the Directors and the number of share equivalents owned by the Directors pursuant to the Directors’ deferred compensation plan.

8

  • HOW OFTEN DO THE DIRECTORS MEET?

During each Trust’s last full fiscal year, each Director attended at least 75% of the aggregate of: (i) all regular meetings of the Board of each Trust (held during the period for which the Director served on the Board); and (ii) all meetings of all committees of the Board of each Trust on which the Director served (during the periods that the Director served). The number of meetings held are set forth below.

Trust Most Recent Fiscal Year Number of Meetings — Full Board Governance Committee Audit Committee
BZA,
BIE, BZM, BBK, BLJ, BQH, BHV, BLE, BCL, BFY, BYM, BCK, BAF and BSE September
1, 2004 to August 31, 2005 7 4 7
BNA,
BHD, BCT, BHY, BKN, BKT, RAA, RNJ, RNY, BHK, RFA, BBF, BFK, BFZ, BNJ, BLW, BNY, BQY, BDT, BDV and BGT November
1, 2004 to October 31, 2005 7 4 7
BMN,
BFC, BLN, BMT, BRM, BPS, BRF, BSD, BJZ, BLH, BKK, BFO, BPP and BPK January
1, 2005 to December 31, 2005 7 4 7

Annual meeting information and Directors’ attendance for BGR, BOE, BDJ, BME, BWC and BTA have not been provided because such Trusts have not been in operation for a full fiscal year. HIS joined the BlackRock Closed-End Fund complex on March 1, 2005. Annual meeting information and Directors’ attendance for HIS is not included because HIS did not operate for one full fiscal year as part of the BlackRock Closed-End Fund complex.

  • WHAT ARE THE DIRECTORS PAID FOR THEIR SERVICES?

The following table sets forth certain information regarding the compensation of the Trusts’ Independent Directors (the Trusts’ interested Directors do not receive a salary from the Trusts).

NAME OF DIRECTOR
Andrew F.
Brimmer $290,000
(2)(3)(4)
Richard E.
Cavanagh $210,000
(2)(4)
Kent Dixon $210,000
(2)(4)
Frank J.
Fabozzi $210,000
(2)(4)
Kathleen F.
Feldstein $190,000 (2)
R. Glenn
Hubbard $190,000 (2)

| (1) | Represents
the total compensation earned by such persons during the calendar year ended
December 31, 2005, from the fund complex. |
| --- | --- |
| (2) | Represents
the aggregate compensation earned by such persons during the calendar year
ended December 31, 2005. Of this amount, Dr. Brimmer, Mr. Cavanagh, Mr.
Dixon, Mr. Fabozzi, Ms. Feldstein and Mr. Hubbard deferred $50,000, $50,000,
$50,000, $50,000, $30,000 and $190,000, respectively, pursuant to the Fund
Complex’s deferred compensation plan (described below). |
| (3) | Dr. Brimmer
serves as “lead independent director” for each Board in the Fund Complex. For
his services as lead independent director, Dr. Brimmer was compensated in the
amount of $50,000 per annum by the Fund Complex allocated among the |

9

| | Trusts in
the Fund Complex based on each Trust’s relative net assets. Dr. Brimmer
received an additional $30,000 per annum from the Fund Complex for his
service as the Audit Committee Chairman of the Fund Complex. |
| --- | --- |
| (4) | Messrs.
Brimmer, Cavanagh, Dixon and Fabozzi serve on the Audit Committee of the Fund
Complex and for their service received an additional $20,000 per annum,
allocated among the Trusts in the Fund Complex based on their relative net
assets. |

During the last fiscal year, each Independent Director received an annual fee calculated as follows: (i) $6,000 from each Trust in the Fund Complex and (ii) $1,000 for each meeting of each Board in the Fund Complex attended by such Independent Director. The total annual aggregate compensation for each Independent Director was capped at $190,000 per annum, except that Dr. Brimmer received an additional $50,000 per annum from the Fund Complex for acting as the lead independent director for each Board in the Fund Complex and an additional $30,000 per annum from the Fund Complex for acting as the Audit Committee Chairman of the Fund Complex and Messrs. Brimmer, Cavanagh, Dixon and Fabozzi received an additional $20,000 per annum, from the Fund Complex for their service on the Audit Committee of the Fund Complex. This additional compensation to Messrs. Brimmer, Cavanagh, Dixon and Fabozzi was allocated among the Trusts in the Fund Complex based on their relative net assets. In the event that the $190,000 cap was met with respect to an Independent Director, the amount of the Independent Director’s fee borne by each Trust in the Fund Complex was reduced by reference to the net assets of the Trust relative to the other Trusts in the Fund Complex. In addition, the attendance fees of each Independent Director of the Trusts were reduced proportionately, based on each respective Trust’s net assets, so that the aggregate per meeting fee for all meetings of the Boards of the Trusts (excluding the per annum Audit Committee fee) held on a single day did not exceed $15,834 for any Independent Director.

The following Directors’ fees were accrued by the following Trusts during their last fiscal year from January 1, 2005 to December 31, 2005. These amounts include fees accrued by Messrs. LaForce and Mondale, who were members of the Board in 2005 and retired on February 23, 2006.

BRM $73,000 BGT $56,700 BLH $12,800
BLN $27,700 BPS $12,400 BPP $54,500
BFC $25,900 BSD $15,300 BKK $40,200
BRF $20,800 BMT $39,700 HIS $27,000
BFO $13,100 BJZ $13,500 BTA (1) –
BMN $67,700 BPK $33,200

(1) BTA was not yet formed during this time period.

The following Directors’ fees were accrued by the following Trusts during their last fiscal year from November 1, 2004 to October 31, 2005:

BHY $12,500 RNY $12,200 BHK $58,000
BCT $12,700 BKN $36,600 BHD $13,900
RAA $12,200 BNA $59,600 BFK $79,600
RFA $12,200 BBF $14,200 BNJ $15,700
BFZ $30,700 BNY $26,600 BLW $79,900
RNJ $12,200 BKT $58,100 BDV $88,300
BDT $57,800 BQY $15,000 BDJ (1) $23,500
BGR (1) $75,600 BOE (1) $13,100 BME (1) $14,100
BWC (1) $ 1,000

(1) BGR, BOE, BDJ, BME and BWC accruals do not represent a full fiscal year because these Trusts were formed during the fiscal period.

The following Directors’ fees were accrued by the following Trusts during their last fiscal year from September 1, 2004 to August 31, 2005:

BBK $21,200 BHV $12,400 BYM $54,400
BZA $12,800 BLE $45,300 BCK $13,100

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BIE $12,800 BCL $16,100 BAF $18,300
BZM $12,400 BLJ $12,400 BSE $13,500
BQH $12,800 BFY $13,100

None of the Directors received any pension or retirement benefits. Under the deferred compensation plan (the “Plan”) approved by each Trust’s Board, Independent Directors may elect to defer receipt of all or a portion of their annual compensation. As of January 1, 2003, the Board elected to require its Independent Directors to defer a portion of their annual compensation pursuant to the Plan. Deferred amounts earn an approximate return as though equivalent dollar amounts had been invested in common shares of certain BlackRock closed-end Trusts selected by the Directors. This has approximately the same economic effect for the Directors as if the Directors had invested the deferred amounts in such Trusts. The Plan is not funded and obligations thereunder represent general unsecured claims against the general assets of the Trust. Each Trust may, however, elect to invest in common shares of those Trusts selected by the Directors in order to match its deferred compensation obligations.

The Independent Directors deferred at least $30,000 of their $190,000 base fee pursuant to the Plan. Also, members of the Audit Committee of the Fund Complex deferred all of the $20,000 per annum fee they received for their services on the Audit Committee pursuant to the Plan.

None of the officers of the Trusts received any compensation, including pension or retirement benefits, from the Trusts for such period. Messrs. Schlosstein, Kapito, Gabbay, Klingert, Kong, Gary, Tritto, Battista, Kindelan and Ms. Ackerley, officers of the Trusts, are also affiliated with the Adviser or its affiliates. They receive compensation from the Advisor or one of its affiliates, although under the terms of the investment advisory agreements some portion of their compensation could be re­imbursable by a particular Trust to the extent such person’s working time (other than time related to providing investment advisory services) is devoted to certain of that particular Trust’s operations.

The Directors have adopted a new compensation structure for 2006. Under the new compensation structure, the Trusts anticipate that each Director will be compensated as follows:

New Fee
Annual Board Retainer Fee (continue mandatory deferral of
$30,000) $190,000
Anuual Board Meeting Fee (6 meetings including 2 telephonic) 0
Sub Total Annual Board Retainer and Meeting Fees 190,000
Annual Audit Committee Meeting Fee (6 meetings including 4
telephonic, which may or may not occur in conjunction with regularly
scheduled board meetings) (continue mandatory deferral of $20,000) 30,000
Annual Audit Committee Chair Fee 30,000
Annual Lead Director Fee 60,000
Each Board/Audit Committee Meeting Fee in excess of the 6 scheduled
meetings (either in-person or telephonic, including organizational meetings
for new funds other than meetings held in conjunction with regularly
scheduled meetings) 3,000
  • HOW LARGE A STAKE DO THE DIRECTORS HAVE IN THE TRUSTS?

The Directors believe each Director should have a beneficial investment in the BlackRock closed-end Trusts. The Directors allocate their investments among the 56 active BlackRock closed-end Trusts based on their own investment needs. The table attached at Appendix E to this Proxy Statement sets forth the dollar range of equity securities beneficially owned and share equivalents held by each Director in all of the BlackRock closed-end Trusts represented in this Proxy Statement as of February 28, 2006.

11

*** WHAT VOTE IS REQUIRED TO APPROVE THIS PROPOSAL?**

The affirmative vote of a plurality of the shares present for each Trust at the Annual Meeting at which a quorum is present and entitled to vote on a Director is necessary to approve the respective Director nominated under Proposal 1 for each respective Trust.

*** HOW DO THE DIRECTORS RECOMMEND I VOTE ON THIS PROPOSAL?**

THE BOARD OF EACH TRUST HAS APPROVED SUBMITTING THIS PROPOSAL TO SHAREHOLDERS OF EACH TRUST. THE BOARD OF EACH TRUST, INCLUDING THE INDEPENDENT DIRECTORS, UNANIMOUSLY RECOMMENDS THAT YOU VOTE “FOR” EACH OF THE DIRECTORS NOMINATED UNDER THIS PROPOSAL.


*** SECOND PROPOSAL : FOR EACH OF BHY, BPS AND BSD, TO AMEND ITS DECLARATION OF TRUST TO EXPAND THE AUTHORITY OF THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES**

The Declaration of Trust of each of BHY, BPS and BSD (the “Proposal 2 Trusts”) currently permits the following: “The Trustees may designate an executive committee which shall have all the authority of the entire Board of Trustees except such committee cannot declare dividends and cannot authorize removal of a trustee or any merger, consolidation or sale of substantially all of the assets of the Trust.”

The Directors believe that consistency among the Declarations of Trust for the Trusts organized as Delaware statutory trusts generally enhances efficiency in administering the various Trusts. To this end, the Directors believe that creating a uniform provision regarding delegation and committees for all of the Delaware statutory trusts is in the best interests of the shareholders of the Trusts, including the Proposal 2 Trusts. In order to achieve uniformity in the BlackRock closed-end Trusts family, it is necessary for each Proposal 2 Trust to revise the provision to allow as follows: “The Trustees may designate one or more committees which shall have all or such lesser portion of the authority of the entire Board of Trustees as the Trustees shall determine from time to time, except to the extent action by the entire Board of Trustees or particular Trustees is required by the 1940 Act.” The Directors believe that this amendment would increase the efficiency of the operation of the Proposal 2 Trusts, primarily by permitting the Executive Committee to declare dividends.

The affirmative vote of a majority of the outstanding shares of a Proposal 2 Trust is necessary to approve Proposal 2 for the respective Trust. Holders of common shares and preferred shares vote together as a single class with respect to this proposal.

THE BOARD OF EACH PROPOSAL 2 TRUST HAS APPROVED SUBMITTING THIS PROPOSAL TO SHAREHOLDERS OF THE RESPECTIVE PROPOSAL 2 TRUST. THE BOARD OF EACH PROPOSAL 2 TRUST, INCLUDING THE INDEPENDENT DIRECTORS, UNANIMOUSLY RECOMMENDS THAT YOU VOTE “FOR” THIS PROPOSAL.


*** THIRD PROPOSAL : FOR EACH OF THE PROPOSAL 3 TRUSTS, TO AMEND ITS RESPECTIVE CERTIFICATE OF DESIGNATION OR STATEMENT OF PREFERENCES, AS APPROPRIATE, TO REVISE THE LANGUAGE REGARDING PREFERRED SHARES TO ALLOW THE TRUSTS TO FOLLOW THE MOST RECENT GUIDELINES OF S&P, MOODY’S AND/OR FITCH, AS APPROPRIATE, FOR CREDIT RATING CRITERIA IN EFFECT FROM TIME TO TIME TO MAINTAIN A “AAA” RATING ON PREFERRED SHARES**

The Certificate of Designation or Statement of Preferences, as appropriate, of each of RAA, RFA, RNJ, RNY, BKN, BFC, BRM, BLN, BSD, BRF and BMT (the “Proposal 3 Trusts”) currently imposes credit rating standards that were in effect for S&P, Moody’s and/or Fitch, as appropriate, at the time the preferred shares were initially offered. In order to keep current the credit rating standards applicable to Proposal 3 Trusts, it is necessary to allow the Proposal 3 Trusts to follow the most recent credit rating criteria of S&P, Moody’s and/or Fitch required to maintain a “AAA” rating on preferred shares. Revising such language will allow the Proposal 3 Trusts to follow the preferred share testing standards as the standards change over time. If the Third Proposal is approved by the shareholders of a Proposal 3 Trust, the Certificate of Designation or Statement of Preferences, as appropriate, of such Trust will be amended, accordingly.

12

The affirmative vote of the holders of a majority of the outstanding preferred shares of a Proposal 3 Trust is necessary to approve Proposal 3 for the respective Trust.

THE BOARD OF EACH PROPOSAL 3 TRUST HAS APPROVED SUBMITTING THIS PROPOSAL TO SHAREHOLDERS OF THE RESPECTIVE PROPOSAL 3 TRUST. THE BOARD OF EACH PROPOSAL 3 TRUST, INCLUDING THE INDEPENDENT DIRECTORS, UNANIMOUSLY RECOMMENDS THAT YOU VOTE “FOR” THIS PROPOSAL.


FURTHER INFORMATION ABOUT VOTING AND THE ANNUAL MEETING

The cost of soliciting proxies will be borne by each Trust in proportion to the amount of proxies solicited on behalf of a Trust bears to the total proxies solicited on behalf of all of the Trusts. In addition, certain officers, directors and employees of each of the Trusts and the Advisor, located at 100 Bellevue Parkway, Wilmington, Delaware 19809 (none of whom will receive additional compensation therefor) may solicit proxies by telephone or mail. Also, certain of the Trusts may employ The Altman Group, Inc. pursuant to its standard contract as proxy solicitor, the cost of which will be borne proportionately by each of the Trusts and is estimated to be approximately $2,500 per Trust.

Abstentions will be counted as shares present at the Annual Meeting and will not affect the result of the vote on Proposal 1. Abstentions on Proposals 2 and 3 will have the same effect as a negative vote.

All properly executed proxies received prior to the Annual Meeting will be voted at the Annual Meeting in accordance with the instructions marked thereon or otherwise as provided therein. Shareholders may revoke their proxies at any time prior to the time they are voted by giving written notice to the Secretary of the Trust by delivering a subsequently dated proxy or by attending and voting at the Annual Meeting.

The Board of each Trust has fixed the close of business on February 28, 2006 as the record date for the determination of shareholders of each Trust entitled to notice of, and to vote at, the Annual Meeting. Shareholders of each Trust on that date will be entitled to one vote on each matter to be voted on by that Trust for each share held and a fractional vote with respect to each fractional share held with no cumulative voting rights.

ADDITIONAL INFORMATION

EXECUTIVE OFFICERS

In addition to Messrs. Schlosstein and Kapito, the following executive officers hold the same position with each of the Trusts.

NAME AND AGE TITLE OTHER PRINCIPAL OCCUPATIONS IN PAST 5 YEARS
Anne Ackerley Age: 44 Vice President Managing Director of
BlackRock since 2000. Formerly First
Vice President and Chief Operating Officer, Mergers and Acquisitions Group at
Merrill Lynch & Co. from 1997 to 2000; First Vice President and Chief
Operating Officer, Public Finance Group at Merrill Lynch & Co. from 1995
to 1997; First Vice President, Emerging Markets Fixed Income Research at
Merrill Lynch & Co. prior thereto.
Bartholomew Battista Age: 47 Chief Compliance Officer Chief Compliance Officer
and Anti-Money Laundering Compliance Officer of BlackRock since 2004. Chief Com­pliance Officer and Anti-Money
Laundering Compliance Officer of BlackRock Funds since 2004. Managing Director (since 2003), and
Director (2000-2002) of BlackRock

13

| Henry Gabbay Age: 58 | Treasurer | Compliance
Officer at Moore Capital Manage­ment from 1995-1998. — Managing
Director of BlackRock and its predecessor entities. |
| --- | --- | --- |
| Jeff Gary Age: 43 | Vice
President | Managing
Director of BlackRock since 2003.
Formerly, Managing Director and high yield portfolio manager with AIG
(American General) Investment Group. |
| Brian P.
Kindelan Age: 46 | Assistant
Secretary | Managing
Director and Senior Counsel (since January 2005), Director and Senior Counsel
(2001-2004) and Vice President and Senior Counsel (1998-2000), BlackRock;
Senior Counsel, PNC Bank Corp. from May 1995 to April 1998; Associate,
Stradley, Ronon, Stevens & Young, LLP from March 1990 to May 1995. |
| Kevin
Klingert Age: 43 | Vice
President | Managing
Director of BlackRock and its predecessor entities. |
| James Kong Age: 45 | Assistant
Treasurer | Managing
Director of BlackRock and its predecessor entities. |
| Vincent B.
Tritto Age: 44 | Secretary | Managing
Director, Senior Counsel and Assistant Secretary of BlackRock (since January
2005) and Director, Senior Counsel and Assistant Secretary (2002-2004) of
BlackRock. Formerly, Executive
Director (2000-2002) and Vice President (1998-2000), Morgan Stanley & Co.
Incorporated and Morgan Stanley Asset Management Inc. and officer of various
Morgan Stanley-sponsored investment vehicles; Counsel (1998) and associate
(1988-1997), Rogers & Wells LLP, New York, NY; Foreign Associate
(1992-1994), Asahi Law Offices/Masuda & Ejiri, Tokyo, Japan. |

INVESTMENT ADVISOR

The Advisor, located at 100 Bellevue Parkway, Wilmington, Delaware 19809, is a wholly owned subsidiary of BlackRock, which is one of the largest publicly traded investment management firms in the United States, with approximately $452.7 billion of assets under management as of December 31, 2005. BlackRock manages assets on behalf of institutions and individual investors worldwide, through a variety of equity, fixed income, liquidity and alternative investment separate accounts and mutual funds, including the BlackRock Funds and BlackRock Liquidity Funds. In addition, BlackRock provides risk management and investment system services to a growing number of institutional investors under the BlackRock Solutions (R) name. Clients are served from BlackRock’s headquarters in New York City, as well as offices in Boston, Edinburgh, Hong Kong, Morristown, San Francisco, Singapore, Sydney, Tokyo and Wilmington. BlackRock is a member of The PNC Financial Services Group, Inc. (NYSE: PNC), one of the largest diversified financial services organizations in the United States, and is majority owned by PNC and by BlackRock employees. The Advisor also acts as the administrator of the Trusts.

BlackRock, Inc. and Merrill Lynch & Co., Inc. (“Merrill Lynch”) announced on February 15, 2006 that they had reached an agreement to merge Merrill Lynch’s investment management business, Merrill Lynch Investment Managers, with BlackRock to create a new independent company. Merrill Lynch will have a 49.8% economic interest and a 45% voting interest in the combined company and PNC, which currently holds a majority interest in BlackRock, will have approximately a 34% economic and voting interest. The new company will operate under the BlackRock name and be governed by a board of directors with a

14

majority of independent members. Each of Merrill Lynch and PNC has agreed that it will vote all of its shares on all matters in accordance with the recommendation of BlackRock’s board in order to assure its independence. Completion of the transaction is subject to various regulatory approvals, client consents, approval by BlackRock shareholders and customary conditions.

The executive officers of the Advisor are:

NAME POSITION
Laurence D.
Fink Chief
Executive Officer
Ralph L.
Schlosstein President
Robert S.
Kapito Vice
Chairman
Robert P.
Connolly General
Counsel and Secretary
Bartholomew
Battista Chief
Compliance Officer

Mr. Schlosstein is a Director of the Trusts, Mr. Kapito is an officer and Director of the Trusts and Mr. Battista is an officer of the Trusts.

INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

Deloitte & Touche LLP (“D&T”) has been selected as the independent registered public accounting firm by the Audit Committee of each Trust and ratified by a majority of each Trust’s Board, including a majority of the Independent Directors, by vote cast in person, to audit the accounts of each Trust for and during each Trust’s fiscal year ending in 2006. None of the Trusts knows of any direct or indirect financial interest of D&T in the Trusts.

Representatives of D&T will attend the Annual Meeting, will have the opportunity to make a statement if they desire to do so and will be available to answer questions.

AUDIT FEES

The aggregate fees billed to each Trust by D&T for professional services rendered for the audit of each Trust’s annual financial statements for the most recent fiscal year (or period) were in the following amounts:

BKN $ BLJ $ BFC $ BHY $
BCT $ 30,900 BKT $ 69,900 BLE $ 32,700 BHV $ 10,600
BQH $ 25,500 RAA $ 10,100 RFA $ 10,200 BMN $ 40,100
RNJ $ 10,100 BCL $ 27,300 BSD $ 23,400 BMT $ 31,300
BFY $ 26,200 RNY $ 10,200 BCK $ 26,800 BYM $ 34,400
BPS $ 15,800 BBF $ 26,000 BFK $ 31,100 BNA $ 88,300
BFZ $ 27,100 BAF $ 28,100 BPK $ 27,500 BNY $ 26,800
BSE $ 27,300 BNJ $ 26,100 BLW $ 39,100 BPP $ 34,200
BJZ $ 26,200 BHK $ 43,500 BHD $ 34,700 BLH $ 25,700
BBK $ 28,300 BKK $ 27,700 BIE $ 25,700 BZA $ 25,700
BFO $ 25,000 BRF $ 21,600 BGT $ 40,500 BDV $ 30,400
BDT $ 39,100 BQY $ 39,400 BRM $ 32,300 BGR (1) $ 29,100
BLN $ 22,200 BZM $ 25,200 HIS $ 28,700 BME (1) $ 28,900
BOE (1) $ 42,200 BDJ (1) $ 33,300 BWC (1) $ 47,800 BTA (1,2) $ 5,000

| (1) | BGR, BME, BOE, BDJ, BWC
and BTA have not completed a full fiscal year. However BGR, BME, BOE, BDJ and BWC have nonetheless paid to
D&T fees for professional services rendered for the audit of their annual
financial statements. |
| --- | --- |
| (2) | Initial seed audit fee. |

15

The aggregate fees billed to each Trust (1) by D&T for professional services rendered for the audit of each Trust’s annual financial statements for the fiscal year preceding the most recent one were in the following amounts:

BKN $ BLJ $ BFC $ BHY $
BCT $ 34,300 BKT $ 60,800 BLE $ 30,400 BHV $ 10,400
BQH $ 25,200 RAA $ 7,500 RFA $ 7,500 BMN $ 39,700
RNJ $ 7,500 BCL $ 26,500 BSD $ 23,400 BMT $ 31,400
BFY $ 25,800 RNY $ 7,600 BCK $ 26,300 BYM $ 31,900
BPS $ 11,400 BBF $ 25,800 BFK $ 29,900 BNA $ 74,100
BFZ $ 26,800 BAF $ 27,200 BPK $ 27,500 BNY $ 26,500
BSE $ 26,600 BNJ $ 25,900 BLW $ 38,100 BPP $ 29,700
BJZ $ 26,200 BHK $ 41,000 BHD $ 34,100 BLH $ 25,700
BBK $ 27,200 BKK $ 27,600 BIE $ 25,400 BZA $ 25,400
BFO $ 25,000 BRF $ 21,700 BGT (1) $ 41,600 BDV (1) $ 35,600
BDT (1) $ 32,400 BQY (1) $ 28,800 BRM $ 32,500
BLN $ 22,200 BZM $ 25,100 HIS (2) $ 42,600

| (1) | BDV, BDT,
BQY and BGT had not completed a full fiscal year. However BDV, BDT, BQY and BGT had nonetheless paid to D&T
fees for professional services rendered for the audit of their annual
financial statements. BGR, BME, BOE,
BDJ, BWC and BTA are not included in the above chart because such Trusts had
either not completed their initial fiscal year (or period) or had not yet
been formed in the fiscal year preceding the most recent one. |
| --- | --- |
| (2) | HIS joined the BlackRock
Closed-End Fund complex on March 1, 2005.
Prior to this date the annual audit of the financial statements was performed by
PricewaterhouseCoopers, LLP. |

AUDIT-RELATED FEES

The aggregate fees billed in the most recent fiscal year (or period) to each Trust (1) by D&T for assurance and related services reasonably related to the performance of the audit of each Trust’s annual financial statements are as listed below. The nature of these services was attest services not required by statute or regulation and out-of-pocket expenses. The fees for each Trust were in the following amounts:

BKN $ BLJ $ BFC $ BHY $
BCT $ 0 BKT $ 0 BLE $ 2,500 BHV $ 1,900
BQH $ 2,000 RAA $ 1,900 RFA $ 1,900 BMN $ 2,400
RNJ $ 1,900 BCL $ 2,100 BSD $ 2,000 BMT $ 2,200
BFY $ 2,000 RNY $ 1,900 BCK $ 2,000 BYM $ 2,600
BPS $ 1,900 BBF $ 2,100 BFK $ 2,400 BNA $ 0
BFZ $ 2,400 BAF $ 2,100 BPK $ 2,200 BNY $ 2,300
BSE $ 2,100 BNJ $ 2,100 BLW $ 0 BPP $ 2,400
BJZ $ 2,000 BHK $ 0 BHD $ 0 BLH $ 1,900
BBK $ 2,200 BKK $ 2,300 BIE $ 2,000 BZA $ 2,000
BFO $ 2,000 BRF $ 2,000 BGT $ 600 BDV $ 0
BDT $ 0 BQY $ 0 BRM $ 2,400 BGR (1) $ 0
BLN $ 2,100 BZM $ 1,900 HIS $ 5,200 BME (1) $ 0
BOE (1) $ 0 BDJ (1) $ 0 BWC (1) $ 0 BTA (1) $ 0

(1) BGR, BME, BOE, BDJ, BWC and BTA have not completed a full fiscal year.

The aggregate fees billed in the fiscal year preceding the most recent to each Trust (1) by D&T for assurance and related services reasonably related to the performance of the audit of each Trust’s annual financial statements were in the amounts listed below. The nature of these services was attest services not required by statute or regulation and out-of-pocket expenses. The fees for each Trust were in the following amounts:

16

BKN $ BLJ $ BFC $ BHY $
BCT $ 0 BKT $ 0 BLE $ 3,300 BHV $ 1,900
BQH $ 2,000 RAA $ 1,800 RFA $ 0 BMN $ 4,800
RNJ $ 1,800 BCL $ 2,300 BSD $ 2,100 BMT $ 4,300
BFY $ 2,100 RNY $ 1,800 BCK $ 2,200 BYM $ 3,500
BPS $ 1,900 BBF $ 2,200 BFK $ 4,000 BNA $ 0
BFZ $ 2,600 BAF $ 2,400 BPK $ 2,400 BNY $ 2,500
BSE $ 2,200 BNJ $ 2,200 BLW $ 0 BPP $ 5,300
BJZ $ 2,100 BHK $ 0 BHD $ 0 BLH $ 2,000
BBK $ 2,500 BKK $ 2,600 BIE $ 2,100 BZA $ 2,000
BFO $ 2,000 BRF $ 2,100 BGT (1) $ 0 BDV (1) $ 0
BDT (1) $ 0 BQY (1) $ 0 BRM $ 4,800
BLN $ 4,100 BZM $ 2,000 HIS (2) $ 12,300

| (1) | BDV, BDT,
BQY and BGT had not completed a full fiscal year. BGR, BME, BOE, BDJ, BWC and BTA are not included in the above
chart because such Trusts had either not completed their initial fiscal year
(or period) or had not yet been formed in the fiscal year preceding the most
recent one. |
| --- | --- |
| (2) | HIS joined
the BlackRock Closed-End Fund complex on March 1, 2005. Prior to this date the Trust paid
PricewaterhouseCoopers, LLP for assurance and related services reasonably
related to the performance of the audit of the Trust’s annual financial
statements. |

TAX FEES

The aggregate fees billed in the most recent fiscal year (or period) to each Trust (1) by D&T for professional services rendered for tax compliance, tax advice and tax planning are as listed below. The nature of these services was federal, state and local income and excise tax return preparation and related advice and planning, determination of taxable income for CMO’s, and miscellaneous tax advice. The fees for each Trust are in the following amounts:

BKN $ BLJ $ BFC $ BHY $
BCT $ 15,000 BKT $ 7,500 BLE $ 7,700 BHV $ 7,700
BQH $ 7,700 RAA $ 7,700 RFA $ 7,700 BMN $ 7,700
RNJ $ 7,700 BCL $ 7,700 BSD $ 7,700 BMT $ 7,700
BFY $ 7,700 RNY $ 7,700 BCK $ 7,700 BYM $ 7,700
BPS $ 7,700 BBF $ 7,700 BFK $ 7,700 BNA $ 7,500
BFZ $ 7,700 BAF $ 7,700 BPK $ 7,700 BNY $ 7,700
BSE $ 7,700 BNJ $ 7,700 BLW $ 7,500 BPP $ 7,500
BJZ $ 7,700 BHK $ 7,500 BHD $ 7,500 BLH $ 7,700
BBK $ 7,700 BKK $ 7,700 BIE $ 7,700 BZA $ 7,700
BFO $ 7,700 BRF $ 7,700 BGT $ 7,500 BDV $ 7,500
BDT $ 7,500 BQY $ 7,500 BRM $ 7,700 BGR (1) $ 4,500
BLN $ 7,700 BZM $ 7,700 HIS $ 4,500 BME (1) $ 3,000
BOE (1) $ 3,000 BDJ (1) $ 3,000 BWC (1) $ 0 BTA (1) $ 0

(1) BRG, BME, BOE, BDJ, BWC and BTA have not completed a full fiscal year. However BGR, BME, BOE and BDJ have nonetheless paid to D&T fees for professional services rendered for tax compliance, tax advice and tax planning.

The aggregate fees billed in the fiscal year preceding the most recent one to each Trust (1) by D&T for tax compliance, tax advice and tax planning were as listed below. The nature of these services was federal, state and local income and excise tax return preparation and related advice and planning, determination of taxable income for CMO’s, and miscellaneous tax advice. The fees for each Trust were in the following amounts:

BKN $ BLJ $ BFC $ BHY $
BCT $ 21,000 BKT $ 10,500 BLE $ 12,000 BHV $ 8,000
BQH $ 8,100 RAA $ 11,000 RFA $ 11,000 BMN $ 8,100
RNJ $ 11,000 BCL $ 11,300 BSD $ 3,800 BMT $ 7,400

17

BFY $ RNY $ BCK $ BYM $
BPS $ 3,500 BBF $ 11,300 BFK $ 13,000 BNA $ 10,500
BFZ $ 11,700 BAF $ 8,300 BPK $ 7,300 BNY $ 8,600
BSE $ 8,200 BNJ $ 11,300 BLW $ 10,500 BPP $ 6,200
BJZ $ 6,700 BHK $ 7,500 BHD $ 10,500 BLH $ 6,600
BBK $ 8,400 BKK $ 4,400 BIE $ 8,100 BZA $ 8,100
BFO $ 3,700 BRF $ 6,900 BGT (1) $ 0 BDV (1) $ 6,000
BDT (1) $ 6,000 BQY (1) $ 0 BRM $ 8,000
BLN $ 7,100 BZM $ 8,000 HIS (2) $ 6,200

| (1) | BDV, BDT,
BQY and BGT had not completed a full fiscal year. However BDV and BDT had nonetheless paid to D&T fees for
professional services rendered for tax compliance, tax advice and tax
planning. BGR, BME, BOE, BDJ, BWC and
BTA are not included in the above chart because such Trusts had either not
completed their initial fiscal year (or period) or had not yet been formed in
the fiscal year preceding the most recent one. |
| --- | --- |
| (2) | HIS joined
the BlackRock Closed-End Fund complex on March 1, 2005. Prior to this date the Trust paid
PricewaterhouseCoopers, LLP for professional services rendered for tax
compliance, tax advice and tax planning. |

ALL OTHER FEES

The Trusts hired D&T to conduct a complete review of their compliance procedures and provide an attestation regarding such review.

The aggregate amount billed in the most recent fiscal year (or period) by D&T for services rendered to the Trusts for this compliance procedures review and attestation were in the following amounts:

BKN $ BLJ $ BFC $ BHY $
BCT $ 300 BKT $ 2,900 BLE $ 2,300 BHV $ 200
BQH $ 300 RAA $ 100 RFA $ 100 BMN $ 3,500
RNJ $ 100 BCL $ 800 BSD $ 900 BMT $ 2,100
BFY $ 500 RNY $ 100 BCK $ 500 BYM $ 2,700
BPS $ 200 BBF $ 700 BFK $ 4,300 BNA $ 2,700
BFZ $ 1,500 BAF $ 900 BPK $ 1,900 BNY $ 1,300
BSE $ 600 BNJ $ 800 BLW $ 4,700 BPP $ 3,500
BJZ $ 700 BHK $ 2,600 BHD $ 700 BLH $ 400
BBK $ 1,100 BKK $ 2,300 BIE $ 400 BZA $ 400
BFO $ 600 BRF $ 1,000 BGT $ 3,400 BDV $ 5,300
BDT $ 2,600 BQY $ 600 BRM $ 3,300 BGR $ 5,000
BLN $ 1,400 BZM $ 200 HIS $ 1,100 BME $ 1,200
BOE $ 400 BDJ $ 1,400 BWC $ 1,000

No Trust paid D&T fees for other services other than those described above during the fiscal year (or period) preceding the most recent one.

AGGREGATE NON-AUDIT FEES

The aggregate non-audit fees billed in the most recent fiscal year (or period) by D&T for services rendered to the Trusts are in the following amounts:

BKN $ BLJ $ BFC $ BHY $
BCT $ 15,300 BKT $ 10,400 BLE $ 12,500 BHV $ 9,800
BQH $ 10,000 RAA $ 9,700 RFA $ 9,700 BMN $ 13,600
RNJ $ 9,700 BCL $ 10,600 BSD $ 10,600 BMT $ 12,000
BFY $ 10,200 RNY $ 9,700 BCK $ 10,200 BYM $ 13,000
BPS $ 9,800 BBF $ 10,500 BFK $ 14,400 BNA $ 10,200
BFZ $ 11,600 BAF $ 10,700 BPK $ 11,800 BNY $ 11,300

18

BSE $ BNJ $ BLW $ BPP $
BJZ $ 10,400 BHK $ 10,100 BHD $ 8,200 BLH $ 10,000
BBK $ 11,000 BKK $ 12,300 BIE $ 10,100 BZA $ 10,100
BFO $ 10,300 BRF $ 10,700 BGT $ 11,500 BDV $ 12,800
BDT $ 10,100 BQY $ 8,100 BRM $ 13,400 BGR $ 9,500
BLN $ 11,200 BZM $ 9,800 HIS $ 10,800 BME $ 4,200
BOE $ 3,400 BDJ $ 4,400 BWC $ 1,000 BTA $

The aggregate non-audit fees billed in the fiscal year preceding the most recent one by D&T for services rendered to the Trusts (1) were in the following amounts:

BKN $ BLJ $ BFC $ BHY $
BCT $ 21,000 BKT $ 10,500 BLE $ 15,300 BHV $ 9,900
BQH $ 10,100 RAA $ 12,800 RFA $ 11,000 BMN $ 12,900
RNJ $ 12,800 BCL $ 13,600 BSD $ 5,900 BMT $ 11,700
BFY $ 13,300 RNY $ 12,800 BCK $ 10,400 BYM $ 12,700
BPS $ 5,400 BBF $ 13,500 BFK $ 17,000 BNA $ 10,500
BFZ $ 14,300 BAF $ 10,700 BPK $ 9,700 BNY $ 11,100
BSE $ 10,400 BNJ $ 13,500 BLW $ 10,500 BPP $ 11,500
BJZ $ 8,800 BHK $ 7,500 BHD $ 10,500 BLH $ 8,600
BBK $ 10,900 BKK $ 7,000 BIE $ 10,200 BZA $ 10,100
BFO $ 5,700 BRF $ 9,000 BGT (1) $ 0 BDV (1) $ 6,000
BDT (1) $ 6,000 BQY (1) $ 0 BRM $ 12,800
BLN $ 11,200 BZM $ 10,000 HIS (2) $ 18,500

| (1) | BDV, BDT,
BQY and BGT had not completed a full fiscal year. BGR, BME, BOE, BDJ, BWC and BTA are not included in the above
chart because such Trusts had either not completed their initial fiscal year
(or period) or had not yet been formed in the fiscal year preceding the most
recent one. |
| --- | --- |
| (2) | HIS joined the BlackRock
Closed-End Fund complex on March 1, 2005.
Prior to this date the aggregate non-audit fees billed in the fiscal
year preceding the most recent one for services rendered were paid by the
Trust to PricewaterhouseCoopers, LLP. |

In addition, the aggregate non-audit fees billed by D&T for services rendered to the Advisor, or any entity controlling, controlled by, or under common control with the Advisor that provides ongoing services to the Trusts were $286,150 for the most recent fiscal year of the Trusts and $0 for the fiscal year preceding the most recent one of the Trusts.

AUDIT COMMITTEE’S PRE-APPROVAL POLICIES AND PROCEDURES

On May 22, 2003, the Audit Committee of each Trust adopted Pre-Approval Policies and Procedures. Since the adoption of such policies and procedures, the Audit Committee of each Trust has pre-approved all audit and non-audit services provided by D&T for the Trusts, and all non-audit services provided by D&T for the Advisor, or any entity controlling, controlled by, or under common control with the Advisor, that provides ongoing services to the Trusts, which are related to the operations of the Trusts.

The Advisor and affiliates of the Advisor performing services for one or more Trusts paid no fees to D&T in any Trust’s most recent fiscal year for services other than those described above or for any other services, including for information systems design and implementation.

PRINCIPAL EXECUTIVE OFFICES

The principal executive office of each Trust is located at 100 Bellevue Parkway, Wilmington, Delaware 19809.

19

PRINCIPAL SHAREHOLDERS

As of February 28, 2006, to the knowledge of each Trust, no person beneficially owned more than 5% of any Trust, except as set forth in the following table:

TRUST NAME & ADDRESS OF BENEFICIAL OWNER AMOUNT OF BENEFICIAL OWNERSHIP PERCENT OF CLASS
BCT Karpus
Management, Inc. 14 Tobey Village Office Park Pittsford, New York 14534 149,225 5.1
BLN Karpus
Management, Inc. 14 Tobey Village Office Park Pittsford, New York 14534 1,183,232 10.5
BMN Karpus
Management, Inc. 14 Tobey Village Office Park Pittsford, New York 14534 3,850,875 8.5
BRM Karpus
Management, Inc. 14 Tobey Village Office Park Pittsford, New York 14534 1,541,728 5.7
BCK First Trust
Portfolios L.P. 1001 Warrenville Road Lisle, Illinois 505321 344,973 6.5
BFK First Trust
Portfolios L.P. 1001 Warrenville Road Lisle, Illinois 50532 959,752 6.4
BCL First Trust
Portfolios L.P. 1001 Warrenville Road Lisle, Illinois 50532 627,245 7.9
BQH First Trust
Portfolios L.P. 1001 Warrenville Road Lisle, Illinois 50532 147,145 5.4
BLE First Trust
Portfolios L.P. 1001 Warrenville Road Lisle, Illinois 50532 1,266,792 5.6
BHK First Trust
Portfolios L.P. 1001 Warrenville Road Lisle, Illinois 50532 1,598,569 5.9
BZA First Trust
Portfolios L.P. 1001 Warrenville Road Lisle, Illinois 60532 188,601 5.6
BHD First Trust
Portfolios L.P. 1001 Warrenville Road Lisle, Illinois 60532 576,694 8.2

20

TRUST NAME & ADDRESS OF BENEFICIAL OWNER AMOUNT OF BENEFICIAL OWNERSHIP PERCENT OF CLASS
HIS First Trust
Portfolios L.P. 1001 Warrenville Road Lisle, Illinois 60532 4,465,848 8.3
RAA M.H.
Whittier Corp. James E. Greene, Arlo G. Sorensen, Michael J. Casey and
Whittier Trust Co. (Jointly Held) 242,400 24.1

With respect to the above chart, all shares are common shares.

FINANCIAL STATEMENTS AND OTHER INFORMATION

EACH TRUST WILL FURNISH, WITHOUT CHARGE, A COPY OF SUCH TRUST’S MOST RECENT ANNUAL REPORT AND THE MOST RECENT SEMI-ANNUAL REPORT SUCCEEDING THE ANNUAL REPORT, IF ANY, TO ANY SHAREHOLDER UPON REQUEST. REQUESTS SHOULD BE DIRECTED TO BLACKROCK ADVISORS, INC., 100 BELLEVUE PARKWAY, WILMINGTON, DELAWARE 19809 (TELEPHONE NUMBER (800) 882-0052).

Monthly performance and other information regarding the Trusts may be found on BlackRock’s website, which can be accessed at http://www.blackrock.com/indiv/products/closedendfunds/funds.html. This reference to BlackRock’s website is intended to allow investors to access information regarding the Trusts and does not, and is not intended to, incorporate BlackRock’s website into this Proxy Statement.

SECTION 16(A) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE

Section 16(a) of the Securities Exchange Act of 1934 and Section 30(h) of the 1940 Act require each Trust’s officers and Directors, officers and directors of the Trusts’ investment advisor, affiliated persons of the investment advisor, and persons who beneficially own more than 10% of the Trusts’ shares to file certain reports of ownership (“Section 16 filings”) with the SEC and the New York Stock Exchange or the American Stock Exchange (as applicable) and each of the Trusts. Due to administrative oversight Form 4 reports were filed late on behalf of Messrs. Hubbard (BWC) and Dixon (BWC, BDJ).

PRIVACY PRINCIPLES OF THE TRUSTS

The Trusts are committed to maintaining the privacy of shareholders and to safeguarding their non-public personal information. The following information is provided to help you understand what personal information the Trusts collect, how the Trusts protect that information and why, in certain cases, the Trusts may share information with select other parties.

Generally, the Trusts do not receive any non-public personal information relating to their shareholders, although certain non-public personal information of their shareholders may become available to the Trusts. The Trusts do not disclose any non-public personal information about their shareholders or former shareholders to anyone, except as permitted by law or as is necessary in order to service shareholder accounts (for example, to a transfer agent or third party administrator).

The Trusts restrict access to non-public personal information about the shareholders to employees of the Advisor with a legitimate business need for the information. The Trusts maintain physical, electronic and procedural safeguards designed to protect the non-public personal information of their shareholders.

DEADLINE FOR SHAREHOLDER PROPOSALS

Shareholder proposals intended for inclusion in the Trusts’ proxy statement in connection with the Trusts’ 2007 annual meeting of shareholders pursuant to Rule 14a-8 under the Securities Exchange Act of 1934 must be received by a Trust at such Trust’s principal executive offices by December 20, 2006. In order for proposals made outside of Rule 14a-8 under the

21

Exchange Act to be considered “timely” within the meaning of Rule 14a-4(c) under the Exchange Act, such proposals must be received by a Trust at the Trust’s principal executive offices not later than March 5, 2007.

OTHER MATTERS

The management of the Trusts knows of no other matters which are to be brought before the Annual Meeting. However, if any other matters not now known properly come before the Annual Meeting, it is the intention of the persons named in the enclosed form of proxy to vote such proxy in accordance with their judgment on such matters.

RALPH L.
SCHLOSSTEIN
Chairman
ROBERT S.
KAPITO
President
April 19,
2006

22

APPENDIX A

A list of the Trusts setting forth each Trust’s full name and trading symbol is set forth below:

NAME TRADING SYMBOL
THE
BLACKROCK INVESTMENT QUALITY MUNICIPAL TRUST INC. BKN
THE
BLACKROCK INSURED MUNICIPAL 2008 TERM TRUST INC. BRM
THE
BLACKROCK CALIFORNIA INSURED MUNICIPAL 2008 TERM TRUST INC. BFC
THE
BLACKROCK FLORIDA INSURED MUNICIPAL 2008 TERM TRUST BRF
THE
BLACKROCK NEW YORK INSURED MUNICIPAL 2008 TERM TRUST INC. BLN
THE
BLACKROCK BROAD INVESTMENT GRADE 2009 TERM TRUST INC. BCT
THE
BLACKROCK INCOME TRUST INC. BKT
THE
BLACKROCK HIGH YIELD TRUST BHY
THE
BLACKROCK MUNICIPAL TARGET TERM TRUST INC. BMN
THE
BLACKROCK CALIFORNIA INVESTMENT QUALITY MUNICIPAL TRUST INC. RAA
THE
BLACKROCK FLORIDA INVESTMENT QUALITY MUNICIPAL TRUST RFA
THE
BLACKROCK NEW JERSEY INVESTMENT QUALITY MUNICIPAL TRUST INC. RNJ
THE
BLACKROCK NEW YORK INVESTMENT QUALITY MUNICIPAL TRUST INC. RNY
THE
BLACKROCK INCOME OPPORTUNITY TRUST INC. BNA
THE
BLACKROCK INSURED MUNICIPAL TERM TRUST INC. BMT
THE
BLACKROCK PENNSYLVANIA STRATEGIC MUNICIPAL TRUST BPS
THE
BLACKROCK STRATEGIC MUNICIPAL TRUST BSD
BLACKROCK
FLORIDA MUNICIPAL INCOME TRUST BBF
BLACKROCK
MUNICIPAL INCOME TRUST BFK
BLACKROCK
CALIFORNIA MUNICIPAL INCOME TRUST BFZ
BLACKROCK NEW
JERSEY MUNICIPAL INCOME TRUST BNJ
BLACKROCK
NEW YORK MUNICIPAL INCOME TRUST BNY
BLACKROCK
CALIFORNIA MUNICIPAL 2018 TERM TRUST BJZ
BLACKROCK
MUNICIPAL 2018 TERM TRUST BPK
BLACKROCK
NEW YORK MUNICIPAL 2018 TERM TRUST BLH
BLACKROCK
CORE BOND TRUST BHK
BLACKROCK
STRATEGIC BOND TRUST BHD
BLACKROCK
MUNICIPAL BOND TRUST BBK
BLACKROCK
CALIFORNIA MUNICIPAL BOND TRUST BZA
BLACKROCK
FLORIDA MUNICIPAL BOND TRUST BIE
BLACKROCK
MARYLAND MUNICIPAL BOND TRUST BZM
BLACKROCK
NEW JERSEY MUNICIPAL BOND TRUST BLJ
BLACKROCK
NEW YORK MUNICIPAL BOND TRUST BQH
BLACKROCK
VIRGINIA MUNICIPAL BOND TRUST BHV
BLACKROCK
MUNICIPAL INCOME TRUST II BLE
BLACKROCK
CALIFORNIA MUNICIPAL INCOME TRUST II BCL
BLACKROCK
NEW YORK MUNICIPAL INCOME TRUST II BFY
BLACKROCK
INSURED MUNICIPAL INCOME TRUST BYM
BLACKROCK
CALIFORNIA INSURED MUNICIPAL INCOME TRUST BCK
BLACKROCK
FLORIDA INSURED MUNICIPAL INCOME TRUST BAF
BLACKROCK
NEW YORK INSURED MUNICIPAL INCOME TRUST BSE
BLACKROCK
PREFERRED OPPORTUNITY TRUST BPP
BLACKROCK
LIMITED DURATION INCOME TRUST BLW
BLACKROCK
MUNICIPAL 2020 TERM TRUST BKK
BLACKROCK
FLORIDA MUNICIPAL 2020 TERM TRUST BFO
BLACKROCK
DIVIDEND ACHIEVERS(TM) TRUST BDV
BLACKROCK
STRATEGIC DIVIDEND ACHIEVERS(TM) TRUST BDT
BLACKROCK
S&P QUALITY RANKINGS GLOBAL EQUITY MANAGED TRUST BQY
BLACKROCK
GLOBAL FLOATING RATE INCOME TRUST BGT
BLACKROCK
GLOBAL ENERGY AND RESOURCES TRUST BGR
BLACKROCK
HEALTH SCIENCES TRUST BME
BLACKROCK
HIGH INCOME SHARES HIS
BLACKROCK
GLOBAL OPPORTUNITIES EQUITY TRUST BOE
BLACKROCK
ENHANCED DIVIDEND ACHIEVERS (TM) TRUST BDJ
BLACKROCK
WORLD INVESTMENT TRUST BWC
BLACKROCK
LONG-TERM MUNICIPAL ADVANTAGE TRUST BTA

A-1

APPENDIX B OUTSTANDING SHARES

The following table sets forth the number of outstanding shares for each Trust at the close of business on February 28, 2006:

TRUST OUTSTANDING SHARES OF COMMON STOCK OUTSTANDING SHARES OF PREFERRED STOCK
BKN 16,707,093 5,862
BRM 27,207,093 10,840
BFC 10,407,093 4,182
BRF 8,707,093 3,366
BLN 11,257,093 4,382
BCT 2,957,093 —
BKT 63,942,536 —
BHY 6,411,693 —
BMN 45,410,639 —
RAA 1,007,093 300
RFA 1,127,093 340
RNJ 1,007,093 300
RNY 1,307,093 392
BNA 34,449,693 —
BMT 25,885,639 6,816
BPS 2,017,100 700
BSD 7,253,492 2,480
BBF 6,651,878 2,302
BFK 43,720,672 15,005
BFZ 14,993,678 5,278
BNJ 7,432,894 2,552
BNY 12,540,168 4,390
BJZ 6,433,028 2,221
BPK 15,908,028 5,504
BLH 3,633,028 1,256
BHK 27,018,774 —
BHD 7,058,402 —
BBK 10,167,170 3,620
BZA 3,356,422 1,199
BIE 3,312,785 1,191
BZM 2,019,870 720
BLJ 2,274,620 809
BQH 2,706,216 968
BHV 1,531,266 541
BLE 22,856,544 8,222
BCL 7,984,696 2,878
BFY 4,937,652 1,786
BYM 26,203,900 9,159
BCK 5,276,156 1,860
BAF 8,734,048 3,040
BSE 6,469,766 2,240
BPP 18,309,937 8,832
BLW 36,768,498 —
BKK 20,236,628 7,104
BFO 5,562,128 1,956
BDV 54,518,315 —
BDT 26,908,028 —
BQY 6,033,028 —
BGT 23,481,021 9,738
BGR 29,766,217 —
BME 7,504,817 —
HIS 54,493,341 —
BOE 12,376,932 —
BDJ 69,088,582 —
BWC 51,919,893 —
BTA 13,049,704 —

For each Trust in the above table, the class or classes of shares listed above are the only authorized class or classes of shares.

B-1

APPENDIX C

JOINT AUDIT COMMITTEE CHARTER OF THE BLACKROCK CLOSED-END FUNDS (the “Fund” or “Funds”)

AS APPROVED BY THE BOARDS OF TRUSTEES/DIRECTORS FEBRUARY, 2006 1

I. THE MEMBERS OF THE COMMITTEE

Each Trust shall have an audit committee (the “ Committee ”) of its Board of Directors/Trustees (the “ Board ”). The Committee will be composed of at least three members of the Board, each of whom is independent ( i.e. not an “interested person” of the Fund, as that term is defined in Section 2(a)(19) of the Investment Company Act of 1940). No member of the Committee shall directly or indirectly receive any compensation from the Fund, or any subsidiary thereof, if applicable, except compensation for services as a member of the Fund’s Board or a committee of the Board. 2 Members shall have no relationships with the Fund or its investment adviser, administrator or custodian that may interfere with the exercise of their independence from management of the Fund. The members and the Committee chair shall be elected by the full Board.

Each member shall be “financially literate” as the Board interprets such qualification in its business judgment. At least one member shall have accounting or related financial management expertise, as the Board interprets such qualification in its business judgment. The Board shall determine annually whether any member of the Committee is an “audit committee financial expert” (“ACFE”) as defined in Item 3 of Form N-CSR. The Board may presume that an ACFE has the requisite accounting or related financial management expertise. The designation of a person as an ACFE shall not impose any greater responsibility or liability on that person than the responsibility or liability imposed on such person as a member of the Committee.

In the event a member simultaneously serves on the audit committees of more than three public companies, the Board shall determine whether such simultaneous service would impair the ability of such member to effectively serve on the Fund’s audit committee. The Board has determined that simultaneous service on the Committee of each Fund shall be deemed to be equivalent to service on the audit committee of a single public company for purposes of this requirement and that such service does not impair the ability of a member to effectively serve on the Committee of any single Fund.

II. PURPOSE OF THE COMMITTEE

The purpose of the Committee is to assist the Board in fulfilling its oversight responsibilities relating to the accounting and financial reporting policies and practices of the Fund, including:

| • | the integrity of the
Fund’s financial statements; |
| --- | --- |
| • | the Fund’s compliance with
legal and regulatory requirements; |
| • | the qualifications and
independence of the Fund’s independent auditors; |
| • | the performance of the
Fund’s internal audit function provided by its investment advisor,
administrator, pricing agent and other service providers; and |
| • | preparing for each Fund
the report required to be included in its annual proxy statement, if any, by
the rules of the Securities and Exchange Commission. |

| 1 | This Joint
Audit Committee Charter, if adopted, supercedes and replaces all prior
versions that may have been adopted from time to time. |
| --- | --- |
| 2 | For this
purpose, compensation includes any compensation paid by a Fund or a subsidiary
for services to a law firm, accounting firm, consulting firm, investment bank
or financial advisory firm in which the Committee member is a partner,
member, executive officer or holds a similar position. |

C-1

III. DUTIES AND RESPONSIBILITIES

The Committee shall have the following duties and responsibilities:

A. Approval of Auditors and Services

| 1. | approve the
selection, retention, termination and compensation of the independent
registered public accounting firm (the “independent accountants”) and in
connection therewith; |
| --- | --- |
| 2. | pre-approve
all audit and permissible non-audit services to be provided by the
independent accountants to the Fund, to its investment adviser and to any
entity controlling, controlled by or under common control with the investment
adviser that provides ongoing services to the Fund (“Covered Services
Provider”), if the engagement relates directly to the operations and
financial reporting of the Fund; the Committee may delegate its
responsibility to pre-approve any such audit and permissible non-audit
services to the chair of the Committee, pursuant to the pre-approval policies
and procedures adopted by the Committee; |

B. Independence of Accountants

| 1. | evaluate the
independence of the accountants and actively engage in a dialogue with them
regarding matters that might reasonably be expected to affect their
independence; in this connection, the Committee shall ensure receipt from the
independent accountants at least annually of a formal written statement delineating
all the relationships between them and the Fund, consistent with Independence
Standards Board Standard No. 1; |
| --- | --- |
| 2. | set clear
hiring policies for employees or former employees of the independent
accountants. |

C. Oversight

| 1. | meet with
the Fund’s independent accountants, at least twice a year and more often if
required, to review the conduct and results of each audit and discuss the
Fund’s audited and unaudited financial statements; and in this connection
discuss the matters stated in SAS 61 “Communications with Audit Committees,”
as amended, and any other communications required to be discussed with the
Committee pursuant to applicable laws and regulations; |
| --- | --- |
| 2. | discuss
policies with respect to risk assessment and risk management; |
| 3. | meet
periodically with the Fund’s independent accountants, the Fund’s principal
executive officer and the Fund’ principal financial officer (the person
responsible for the internal audit function) in separate executive sessions
as the Committee deems necessary or advisable; |
| 4. | review and
evaluate any issues raised by the independent accountants or management
regarding the accounting or financial reporting policies and practices of the
Fund, its internal controls, and, as appropriate, the internal controls of
certain service providers and management’s response; evaluate the independent
auditor’s qualifications and performance (including the performance of the
lead partner); resolve disagreements between management and the independent
accountants regarding financial reporting; |
| 5. | establish
procedures for the receipt, retention and treatment of complaints received by
the Fund relating to accounting, internal accounting controls, or auditing
matters, and the confidential, anonymous submission by employees of the Fund
and its affiliates and service providers of concerns about accounting or
auditing matters pertaining to the Fund, and to address reports from
attorneys or auditors of possible violations of federal or state law or
fiduciary duty; |
| 6. | authorize
and oversee investigations into any matters within the Committee’s scope of
responsibilities or as specifically delegated to the Committee by the Board; |
| 7. | generally
discuss the Fund’s earnings press releases, as applicable, and financial information
and earnings guidance provided to analysts and ratings agencies; |

C-2

D. Reports

| 1. | at least
annually, obtain and review a report by the independent accountant
describing: | |
| --- | --- | --- |
| | • | all critical
accounting policies and practices used; |
| | • | all
alternative treatments of financial information discussed with management,
the ramifications of the alternatives and the independent accountant’s
preferred treatment; |
| | • | material
written communications between the independent accountants and management; |
| | • | all fees for
audited and non-audit services provided to the Fund’s investment adviser and
any entity controlling, controlled by or under common control with the Fund’s
investment advisor; |
| | • | the firm’s
internal quality-control procedures; |
| | • | any material
issues raised by the most recent internal quality-control review, or peer
review, of the firm, or by any inquiry or investigation by governmental or
professional authorities, within the preceding five years, respecting one or
more independent audits carried out by the firm, and any steps taken to deal
with any such issues; and |
| 2. | As noted
above, the Committee shall ensure receipt from the independent accountants at
least annually of a formal written statement delineating all the
relationships between them and the Fund, consistent with Independence
Standards Board Standard No. 1; | |
| 3. | As noted
above, the Committee shall ensure receipt of the communications required by
SAS 61, as amended; | |
| 4. | prepare and
approve the audit committee report required by Item 306 of Regulation S-K for
proxy statements relating to the election of directors/trustees; and | |
| 5. | report to
the Board on a regular and timely basis; and | |

E. Other

  1. take such actions as the Committee deems necessary or desirable to fulfill its purpose as described above.

IV. RESOURCES

The Committee may retain independent legal counsel or other advisers as it determines to be necessary or advisable to perform its duties. The Fund shall provide appropriate funding (as determined by the Committee) for the Committee to carry out its duties and its responsibilities, including:

| • | for payment
of compensation to the Fund’s independent accountants or any other public
accounting firm providing audit, review or attest services for the Fund; |
| --- | --- |
| • | for payment
of compensation to any special counsel and other advisors employed by the
Committee; |
| • | for the
ordinary administrative expenses of the Committee; and |
| • | for
continuing education programs to enable Committee members to keep abreast of
industry and regulatory development and to gain continuing insights to best
practices of audit committees. |

In performing its duties the Committee shall consult, as it deems appropriate, with the members of the Board, officers and employees of the Fund, the investment adviser, the Fund’s counsel and the Fund’s other service providers.

C-3

V. ANNUAL REVIEW

On an annual basis, the Committee shall review and reassess the adequacy of this charter and recommend to the full Board any changes the Committee deems appropriate. In addition, on an annual basis, the Committee shall evaluate its performance as a whole and that of its individual members to assess whether it is functioning effectively. The independence of Committee members and satisfaction of the requirements to serve on the Committee shall be affirmed annually.

C-4

APPENDIX D

DIRECTORS’ SHARE HOLDINGS

The following chart lists the number of shares beneficially owned and the number of share equivalents owned by the Directors pursuant to the Directors’ deferred compensation plan as of February 28, 2006. If a Trust is not listed, the Director does not own any shares or share equivalents of the Trust.

DIRECTOR TRUST TRUST SHARES OWNED SHARE EQUIVALENTS(1) % OF SHARES OUTSTANDING
INTERESTED
DIRECTORS:
Ralph L.
Schlosstein BKT 1,000 — (2)
BMN 100 —
BMT 100 —
BRM 100 —
BKN 100 —
BCT 100 —
BSD 100 —
BHY 1,000 —
BNA 1,500 —
BFK 100 —
BPK 100 —
BHK 100 —
RNJ 100 —
BLN 100 —
BNY 100 —
BLH 100 —
BHD 100 —
BBK 100 —
BLE 100 —
BYM 100 —
BQH 100 —
BFY 100 —
BSE 100 —
BPP 121 —
BLW 119 —
BKK 114 —
BDV 113 —
BDT 110 —
BQY 109 —
BGT 100 —

D-1

DIRECTOR TRUST TRUST SHARES OWNED SHARE EQUIVALENTS(1) % OF SHARES OUTSTANDING
BGR 108 —
BME 105 —
HIS 100 —
BOE 105 —
BDJ 100 —
BWC 100 —
Robert S.
Kapito BKT 1,880 — (2)
BMN 10 —
BMT 10 —
BRM 10 —
BKN 20,610 —
BCT 10 —
BSD 10,010 —
BHY 10 —
BNA 10 —
BFK 10,010 —
BPK 25,010 —
BHK 10 —
RNJ 1,000 —
BNJ 45,000 —
BHD 1,000 —
BBK 6,000 —
BLE 36,000 —
BYM 100 —
BLJ 1,000 —
BPP 1,000 —
BLW 1,000 —
BKK 1,000 —
BDV 1,000 —
BDT 500 —
BQY 500 —
BGT 1,000 —
BGR 1,000 —
BME 100 —
HIS 1,000 —
BOE 1,000 —

D-2

DIRECTOR TRUST TRUST SHARES OWNED SHARE EQUIVALENTS(1) % OF SHARES OUTSTANDING
BDJ 1,000 —
BWC 1,000 —
INDEPENDENT
DIRECTORS:
Andrew F.
Brimmer BKT 150 6,379 (2)
BMN 10 —
BMT 10 —
BRM 10 —
BKN 10 —
BCT 20 2,923
BSD 25 —
BHY 200 4,504
BNA 10 4,203
BFK 100 —
BPK 25 —
BHK 25 2,204
BHD 25 2,104
BBK 25 —
BLE 50 —
BYM 50 —
BPP 10 —
BLW 10 —
BKK 10 —
BDV 30 —
BDT 25 —
BQY 25 —
BGT 25 —
BGR 10 —
BME 10 —
HIS 10 —
BOE 10 —
BDJ 25 —
BWC 25 —
Richard E.
Cavanagh BKT 500 10,094 (2)
BMN 100 —
BMT 100 —
BRM 100 —

D-3

DIRECTOR TRUST TRUST SHARES OWNED SHARE EQUIVALENTS(1) % OF SHARES OUTSTANDING
BKN 500 —
BCT 100 1,635
BSD 500 —
BHY 200 7,211
BNA 100 2,550
BFK 300 —
BPK 300 —
BHK 500 1,914
BLN 100 —
RNY 100 —
BNY 300 —
BLH 100 —
BHD 300 1,820
BBK 100 —
BLE 100 —
BYM 200 —
BQH 100 —
BFY 100 —
BSE 200 —
BPP 100 —
BLW 100 —
BKK 100 —
BDV 100 —
BDT 100 —
BQY 100 —
BGT 200 —
BGR 100 —
BME 100 —
HIS 100 —
BOE 100 —
BDJ 100 —
BWC 100 —
Kent Dixon BKT 100 3,810 (2)
BMN 100 —
BMT 100 —
BRM 100 —

D-4

DIRECTOR TRUST TRUST SHARES OWNED SHARE EQUIVALENTS(1) % OF SHARES OUTSTANDING
BKN 100 —
BCT 100 1,653
BSD 100 —
BHY 5,000 2,900
BNA 100 2,422
BFK 5,100 —
BPK 100 —
BHK 100 1,919
BRF 100 —
RFA 100 —
BBF 2,100 —
BHD 100 1,808
BBK 5,000 —
BLE 100 —
BYM 5,100 —
BIE 100 —
BAF 100 —
BPP 100 —
BLW 1,000 —
BKK 100 —
BFO 100 —
BDV 2,000 —
BDT 100 —
BQY 100 —
BGT 500 —
BGR 500 —
BME 100 —
HIS 500 —
BOE 500 —
BDJ 1,000 —
BWC 1,000 —
Frank J.
Fabozzi BKT 2,010 3,132 (2)
BMN 10 —
BMT 10 —
BRM 10 —
BKN 10 —

D-5

DIRECTOR TRUST TRUST SHARES OWNED SHARE EQUIVALENTS(1) % OF SHARES OUTSTANDING
BCT 10 1,345
BSD 100 —
BHY 10 2,326
BNA 10 2,009
BFK 20 —
BPK 20 —
BHK 20 1,563
BPS 100 —
BHD 100 1,475
BBK 20 —
BLE 10 —
BYM 10 —
BPP 100 —
BLW 100 —
BKK 100 —
BDV 300 —
BDT 100 —
BQY 100 —
BGT 100 —
BGR 100 —
BME 100 —
HIS 100 —
BOE 100 —
BDJ 100 —
BWC 100 —
Kathleen F.
Feldstein BKT 54 768 (2)
BMN 52 —
BMT 53 —
BRM 53 —
BKN 53 —
BCT 54 323
BSD 54 —
BHY 55 574
BNA 55 454
BFK 54 —
BPK 53 —

D-6

DIRECTOR TRUST TRUST SHARES OWNED SHARE EQUIVALENTS(1) % OF SHARES OUTSTANDING
BHK 56 358
BHD 55 369
BBK 54 —
BLE 54 —
BYM 53 —
BPP 55 —
BLW 55 —
BKK 53 —
BDV 53 —
BDT 53 —
BQY 53 —
BGT 54 —
BGR 50 —
BME 105 —
HIS 106 —
BOE 100 —
BDJ 101 —
BWC 101 —
R. Glenn
Hubbard BKT 108 5,227 (2)
BMN 105 —
BMT 106 —
BRM 106 —
BKN 107 —
BCT 109 2,203
BSD 107 —
BHY 110 3,782
BNA 110 3,153
BFK 107 —
BPK 106 —
BHK 112 2,525
BLN 105 —
RNY 107 —
BNY 107 —
BLH 105 —
BHD 110 2,372
BBK 107 —

D-7

DIRECTOR TRUST SHARES OWNED SHARE EQUIVALENTS(1)
BLE 107 —
BYM 106 —
BQH 107 —
BFY 106 —
BSE 106 —
BPP 111 —
BLW 109 —
BKK 106 —
BDV 107 —
BDT 106 —
BQY 107 —
BGT 108 —
BGR 108 —
BME 105 —
HIS 107 —
BOE 104 —
BDJ 101 —
BWC 101 —

| (1) | Represents,
as of February 28, 2006, the approximate number of share equivalents owned
under the deferred compensation plan in each Trust by the Independent
Directors of the Trusts who have participated in the deferred compensation
plan. Share equivalents are held in
cash accounts by each Trust on behalf of the Independent Directors in
connection with the deferred compensation plan. Under the deferred compensation plan, BCT, BHY, BKT, BNA, BHD
and BHK are eligible investments. Messrs.
Schlosstein and Kapito are not eligible to participate in the deferred compensation
plan. |
| --- | --- |
| (2) | Less than 1%
of each Trust listed. |

D-8

APPENDIX E

The following table sets forth the dollar range of equity securities beneficially owned and share equivalents held by each Director as of February 28, 2006. If a Trust is not listed, the Director does not own any shares of the Trust.

NAME DOLLAR RANGE OF EQUITY SECURITIES IN EACH TRUST (1) — TRUST DOLLAR RANGE AGGREGATE DOLLAR RANGE OF EQUITY SECURITIES OF ALL TRUSTS (1) DOLLAR RANGE OF SHARE EQUIVALENTS IN EACH TRUST (1) — TRUST DOLLAR RANGE AGGREGATE DOLLAR RANGE OF EQUITY SECURITIES AND SHARE EQUIVALENTS OF ALL TRUSTS (1)
INTERESTED DIRECTORS:
Ralph L. Schlosstein BKT $1-$10,000 $50,001-$100,000 BKT — $50,001-$100,000 (1)
BMN $1-$10,000 BMN —
BMT $1-$10,000 BMT —
BRM $1-$10,000 BRM —
BKN $1-$10,000 BKN —
BCT $1-$10,000 BCT —
BSD $1-$10,000 BSD —
BHY $1-$10,000 BHY —
BNA $10,001-$50,000 BNA —
BFK $1-$10,000 BFK —
BPK $1-$10,000 BPK —
BHK $1-$10,000 BHK —
RNJ $1-$10,000 RNJ —
BLN $1-$10,000 BLN —
BNY $1-$10,000 BNY —
BLH $1-$10,000 BLH —
BHD $1-$10,000 BHD —
BBK $1-$10,000 BBK —
BLE $1-$10,000 BLE —
BYM $1-$10,000 BYM —
BQH $1-$10,000 BQH —
BFY $1-$10,000 BFY —
BSE $1-$10,000 BSE —
BPP $1-$10,000 BPP —
BLW $1-$10,000 BLW —
BKK $1-$10,000 BKK —
BDV $1-$10,000 BDV —
BDT $1-$10,000 BDT —
BQY $1-$10,000 BQY —
BGT $1-$10,000 BGT —
BGR $1-$10,000 BGR —
BME $1-$10,000 BME —
HIS $1-$10,000 HIS —
BOE $1-$10,000 BOE —

E-1

NAME DOLLAR RANGE OF EQUITY SECURITIES IN EACH TRUST (1) — TRUST DOLLAR RANGE AGGREGATE DOLLAR RANGE OF EQUITY SECURITIES OF ALL TRUSTS (1) DOLLAR RANGE OF SHARE EQUIVALENTS IN EACH TRUST (1) — TRUST DOLLAR RANGE AGGREGATE DOLLAR RANGE OF EQUITY SECURITIES AND SHARE EQUIVALENTS OF ALL TRUSTS (1)
BDJ $1-$10,000 BDJ —
BWC $1-$10,000 BWC —
Robert S. Kapito BKT $10,001-$50,000 Over
$100,000 BKT — Over
$100,000 (1)
BMN $1-$10,000 BMN —
BMT $1-$10,000 BMT —
BRM $1-$10,000 BRM —
BKN Over
$100,000 BKN —
BCT $1-$10,000 BCT —
BSD Over
$100,000 BSD —
BHY $1-$10,000 BHY —
BNA $1-$10,000 BNA —
BFK Over
$100,000 BFK —
BPK Over
$100,000 BPK —
BHK $1-$10,000 BHK —
RNJ $10,001-$50,000 RNJ —
BNJ Over
$100,000 BNJ —
BHD $10,001-$50,000 BHD —
BBK Over
$100,000 BBK —
BLE Over
$100,000 BLE —
BYM $1-$10,000 BYM —
BLJ $10,001-$50,000 BLJ —
BPP $10,001-$50,000 BPP —
BLW $10,001-$50,000 BLW —
BKK $10,001-$50,000 BKK —
BDV $10,001-$50,000 BDV —
BDT $1-$10,000 BDT —
BQY $1-$10,000 BQY —
BGT $10,001-$50,000 BGT —
BGR $10,001-$50,000 BGR —
BME $1-$10,000 BME —
HIS $1-$10,000 HIS —
BOE $10,001-$50,000 BOE —
BDJ $10,001-$50,000 BDJ —
BWC $10,001-$50,000 BWC —
INDEPENDENT DIRECTORS:
Andrew F. Brimmer BKT $1-$10,000 $10,001-$50,000 BKT $10,001-$50,000 Over
$100,000
BMN $1-$10,000 BMN —
BMT $1-$10,000 BMT —
BRM $1-$10,000 BRM —
BKN $1-$10,000 BKN —

E-2

NAME DOLLAR RANGE OF EQUITY SECURITIES IN EACH TRUST (1) — TRUST DOLLAR RANGE AGGREGATE DOLLAR RANGE OF EQUITY SECURITIES OF ALL TRUSTS (1) DOLLAR RANGE OF SHARE EQUIVALENTS IN EACH TRUST (1) — TRUST DOLLAR RANGE AGGREGATE DOLLAR RANGE OF EQUITY SECURITIES AND SHARE EQUIVALENTS OF ALL TRUSTS (1)
BCT — BCT $10,001-$50,000
BSD $1-$10,000 BSD —
BHY $1-$10,000 BHY $10,001-$50,000
BNA $1-$10,000 BNA $10,001-$50,000
BFK $1-$10,000 BFK —
BPK $1-$10,000 BPK —
BHK $1-$10,000 BHK $10,001-$50,000
BHD $1-$10,000 BHD $10,001-$50,000
BBK $1-$10,000 BBK —
BLE $1-$10,000 BLE —
BYM $1-$10,000 BYM —
BPP $1-$10,000 BPP —
BLW $1-$10,000 BLW —
BKK $1-$10,000 BKK —
BDV $1-$10,000 BDV —
BDT $1-$10,000 BDT —
BQY $1-$10,000 BQY —
BGT $1-$10,000 BGT —
BGR $1-$10,000 BGR —
BME $1-$10,000 BME —
HIS $1-$10,000 HIS —
BOE $1-$10,000 BOE —
BDJ $1-$10,000 BDJ —
BWC $1-$10,000 BWC —
Richard E. Cavanagh BKT $1-$10,000 $50,001-$100,000 BKT $50,001-$100,000 Over
$100,000
BMN $1-$10,000 BMN —
BMT $1-$10,000 BMT —
BRM $1-$10,000 BRM —
BKN $1-$10,000 BKN —
BCT $1-$10,000 BCT $10,001-$50,000
BSD $1-$10,000 BSD —
BHY $1-$10,000 BHY $50,001-$100,000
BNA $1-$10,000 BNA $10,001-$50,000
BFK $1-$10,000 BFK —
BPK $1-$10,000 BPK —
BHK $1-$10,000 BHK $10,001-$50,000
BLN $1-$10,000 BLN —
RNY $1-$10,000 RNY —
BNY $1-$10,000 BNY —
BLH $1-$10,000 BLH —

E-3

NAME DOLLAR RANGE OF EQUITY SECURITIES IN EACH TRUST (1) — TRUST DOLLAR RANGE AGGREGATE DOLLAR RANGE OF EQUITY SECURITIES OF ALL TRUSTS (1) DOLLAR RANGE OF SHARE EQUIVALENTS IN EACH TRUST (1) — TRUST DOLLAR RANGE AGGREGATE DOLLAR RANGE OF EQUITY SECURITIES AND SHARE EQUIVALENTS OF ALL TRUSTS (1)
BHD $1-$10,000 BHD $10,001-$50,000
BBK $1-$10,000 BBK —
BLE $1-$10,000 BLE —
BYM $1-$10,000 BYM —
BQH $1-$10,000 BQH —
BFY $1-$10,000 BFY —
BSE $1-$10,000 BSE —
BPP $1-$10,000 BPP —
BLW $1-$10,000 BLW —
BKK $1-$10,000 BKK —
BDV $1-$10,000 BDV —
BDT $1-$10,000 BDT —
BQY $1-$10,000 BQY —
BGT $1-$10,000 BGT —
BGR $1-$10,000 BGR —
BME $1-$10,000 BME —
HIS $1-$10,000 HIS —
BOE $1-$10,000 BOE —
BDJ $1-$10,000 BDJ —
BWC $1-$10,000 BWC —
Kent Dixon BKT $1-
$10,000 Over
$100,000 BKT $10,001
- $50,000 Over
$100,000
BMN $1-$10,000 BMN —
BMT $1-$10,000 BMT —
BRM $1-$10,000 BRM —
BKN $1-$10,000 BKN —
BCT $1-$10,000 BCT $10,001
- $50,000
BSD $1-$10,000 BSD —
BHY $10,001-$50,000 BHY $10,001
- $50,000
BNA $1-$10,000 BNA $10,001
- $50,000
BFK $50,001-$100,000 BFK —
BPK $1-$10,000 BPK —
BHK $1-$10,000 BHK $10,001
- $50,000
BRF $1-$10,000 BRF —
RFA $1-$10,000 RFA —
BBF $10,001-$50,000 BBF —
BHD $1-$10,000 BHD $10,001
- $50,000
BBK $50,001-$100,000 BBK —
BLE $1-$10,000 BLE —
BYM $50,001-$100,000 BYM —
BIE $1-$10,000 BIE —

E-4

NAME DOLLAR RANGE OF EQUITY SECURITIES IN EACH TRUST (1) — TRUST DOLLAR RANGE AGGREGATE DOLLAR RANGE OF EQUITY SECURITIES OF ALL TRUSTS (1) DOLLAR RANGE OF SHARE EQUIVALENTS IN EACH TRUST (1) — TRUST DOLLAR RANGE AGGREGATE DOLLAR RANGE OF EQUITY SECURITIES AND SHARE EQUIVALENTS OF ALL TRUSTS (1)
BAF $1-$10,000 BAF —
BPP $1-$10,000 BPP —
BLW $10,001-$50,000 BLW —
BKK $1-$10,000 BKK —
BFO $1-$10,000 BFO —
BDV $10,001-$50,000 BDV —
BDT $1-$10,000 BDT —
BQY $1-$10,000 BQY —
BGT $1-$10,000 BGT —
BGR $10,001-$50,000 BGR —
BME $1-$10,000 BME —
HIS $1-$10,000 HIS —
BOE $10,001-$50,000 BOE —
BDJ $10,001-$50,000 BDJ —
BWC $10,001-$50,000 BWC —
Frank J. Fabozzi BKT $10,001-$50,000 $10,001-$50,000 BKT $10,001-$50,000 Over
$100,000
BMN $1-$10,000 BMN —
BMT $1-$10,000 BMT —
BRM $1-$10,000 BRM —
BKN $1-$10,000 BKN —
BCT $1-$10,000 BCT $10,001-$50,000
BSD $1-$10,000 BSD —
BHY $1-$10,000 BHY $10,001-$50,000
BNA $1-$10,000 BNA $10,001-$50,000
BFK $1-$10,000 BFK —
BPK $1-$10,000 BPK —
BHK $1-$10,000 BHK $10,001-$50,000
BPS $1-$10,000 BPS —
BHD $1-$10,000 BHD $10,001-$50,000
BBK $1-$10,000 BBK —
BLE $1-$10,000 BLE —
BYM $1-$10,000 BYM —
BPP $1-$10,000 BPP —
BLW $1-$10,000 BLW —
BKK $1-$10,000 BKK —
BDV $1-$10,000 BDV —
BDT $1-$10,000 BDT —
BQY $1-$10,000 BQY —
BGT $1-$10,000 BGT —
BGR $1-$10,000 BGR —

E-5

NAME DOLLAR RANGE OF EQUITY SECURITIES IN EACH TRUST (1) — TRUST DOLLAR RANGE AGGREGATE DOLLAR RANGE OF EQUITY SECURITIES OF ALL TRUSTS (1) DOLLAR RANGE OF SHARE EQUIVALENTS IN EACH TRUST (1) — TRUST DOLLAR RANGE AGGREGATE DOLLAR RANGE OF EQUITY SECURITIES AND SHARE EQUIVALENTS OF ALL TRUSTS (1)
BME $1-$10,000 BME —
HIS $1-$10,000 HIS —
BOE $1-$10,000 BOE —
BDJ $1-$10,000 BDJ —
BWC $1-$10,000 BWC —
Kathleen F. Feldstein BKT $1-$10,000 $10,001-$50,000 BKT $1-$10,000 $50,001-$100,000
BMN $1-$10,000 BMN —
BMT $1-$10,000 BMT —
BRM $1-$10,000 BRM —
BKN $1-$10,000 BKN —
BCT $1-$10,000 BCT $1-$10,000
BSD $1-$10,000 BSD —
BHY $1-$10,000 BHY $1-$10,000
BNA $1-$10,000 BNA $1-$10,000
BFK $1-$10,000 BFK —
BPK $1-$10,000 BPK —
BHK $1-$10,000 BHK $1-$10,000
BHD $1-$10,000 BHD $1-$10,000
BBK $1-$10,000 BBK —
BLE $1-$10,000 BLE —
BYM $1-$10,000 BYM —
BPP $1-$10,000 BPP —
BLW $1-$10,000 BLW —
BKK $1-$10,000 BKK —
BDV $1-$10,000 BDV —
BDT $1-$10,000 BDT —
BQY $1-$10,000 BQY —
BGT $1-$10,000 BGT —
BGR $1-$10,000 BGR —
BME $1-$10,000 BME —
HIS $1-$10,000 HIS —
BOE $1-$10,000 BOE —
BDJ $1-$10,000 BDJ —
BWC $1-$10,000 BWC —
R. Glenn Hubbard BKT $1-$10,000 $50,001-$100,000 BKT $10,001-$50,000 Over
$100,000
BMN $1-$10,000 BMN —
BMT $1-$10,000 BMT —
BRM $1-$10,000 BRM —
BKN $1-$10,000 BKN —

E-6

DOLLAR RANGE OF EQUITY SECURITIES IN EACH TRUST (1) — TRUST DOLLAR RANGE DOLLAR RANGE OF SHARE EQUIVALENTS IN EACH TRUST (1) — TRUST DOLLAR RANGE
BCT $1-$10,000 BCT $10,001-$50,000
BSD $1-$10,000 BSD —
BHY $1-$10,000 BHY $10,001-$50,000
BNA $1-$10,000 BNA $10,001-$50,000
BFK $1-$10,000 BFK —
BPK $1-$10,000 BPK —
BHK $1-$10,000 BHK $10,001-$50,000
BLN $1-$10,000 BLN —
RNY $1-$10,000 RNY —
BNY $1-$10,000 BNY —
BLH $1-$10,000 BLH —
BHD $1-$10,000 BHD $10,001-$50,000
BBK $1-$10,000 BBK —
BLE $1-$10,000 BLE —
BYM $1-$10,000 BYM —
BQH $1-$10,000 BQH —
BFY $1-$10,000 BFY —
BSE $1-$10,000 BSE —
BPP $1-$10,000 BPP —
BLW $1-$10,000 BLW —
BKK $1-$10,000 BKK —
BDV $1-$10,000 BDV —
BDT $1-$10,000 BDT —
BQY $1-$10,000 BQY —
BGT $1-$10,000 BGT —
BGR $1-$10,000 BGR —
BME $1-$10,000 BME —
HIS $1-$10,000 HIS —
BOE $1-$10,000 BOE —
BDJ $1-$10,000 BDJ —
BWC $1-$10,000 BWC —

(1) Messrs. Kapito and Schlosstein and are not eligible to participate in the deferred compensation plan. Therefore, they own the same amount of equity securities without share equivalents as equity securities including share equivalents.

E-7

The BlackRock Investment Quality Municipal Trust Inc.

[ ]
changes to your
name or address details above.

Annual Meeting Proxy Card - Common Stock

A Election of Directors PLEASE REFER TO THE REVERSE SIDE FOR TELEPHONE AND INTERNET VOTING INSTRUCTIONS.

1. The Board of Directors recommends a vote FOR the listed nominees. For Withhold
01 - Richard E. Cavanagh [ ] [ ]
02 - R. Glenn Hubbard [ ] [ ]
B Issues
The Board of Directors
recommends a vote FOR the
following proposal.
For Against Abstain
2. To amend the Trust’s Certificate of Designation or Statement [ ] [ ] [ ]
of Preferences, as appropriate.
Mark this box with an X if you have made comments below [ ]

C Authorized Signatures - Sign Here - This section must be completed for your instructions to be executed.

Please be sure to sign and date this proxy. Please sign exactly as your name appears on this proxy. When shares are held by joint tenants, both should sign. When signing as attorney, executor, administrator, trustee, or guardian, please give full title as such. If a corporation, please sign in full corporate name by president or other authorized officer. If a partnership, please sign in partnership name by authorized person.

Signature 1 - Please keep signature within the box
/ /

0 0 8 7 1 7 1 1 U P X C O Y

001CD40001 00JORB

Proxy - The BlackRock Investment Quality Municipal Trust Inc.

COMMON STOCK

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS

The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the common stock of The BlackRock Investment Quality Municipal Trust Inc. (the "Trust") held of record by the undersigned on February 28, 2006 at the Annual Meeting of Stockholders of the Trust to be held on May 23, 2006 or at any adjournments or postponements thereof.

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSALS. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF.

PLEASE MARK BOXES IN BLUE OR BLACK INK.

SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE.

Telephone and Internet Voting Instructions

You can vote by telephone OR Internet! Available 24 hours a day 7 days a week! Instead of mailing your proxy, you may choose one of the two voting methods outlined below to vote your proxy.

| ● | To
vote using the Internet |
| --- | --- |
| Call toll free 1-800-652-VOTE (8683)
in the United States or Canada any time on a
touch tone telephone. There is NO
CHARGE to you for the call. Follow the simple instructions provided
by the recorded message. | Go to the following web site: WWW.COMPUTERSHARE.COM/EXPRESSVOTE Enter the information requested on
your computer screen and follow the simple
instructions. |

If you vote by telephone or the Internet, please DO NOT mail back this proxy card. Proxies submitted by telephone or the Internet must be received by 1:00 a.m., Central Time, on May 23, 2006. THANK YOU FOR VOTING

The BlackRock Investment Quality Municipal Trust Inc.

[ ]
changes to your name or address details above.

Annual Meeting Proxy Card - Preferred Stock

A Election of Directors

  1. The Board of Directors recommends a vote FOR the listed nominees.
For Withhold For Withhold
01 - Richard E. Cavanagh [ ] [ ] 03 - R. Glenn Hubbard [ ] [ ]
02 - Kathleen F. Feldstein [ ] [ ]
B Issues
The Board of Directors recommends
a vote FOR the
following proposal.
For Against Abstain
2. To amend the Trust’s
Certificate of Designation or Statement [ ] [ ] [ ]
of Preferences,
as appropriate.
Mark this box with an X if you have made comments below [ ]

C Authorized Signatures - Sign Here - This section must be completed for your instructions to be executed.

Please be sure to sign and date this proxy. Please sign exactly as your name appears on this proxy. When shares are held by joint tenants, both should sign. When signing as attorney, executor, administrator, trustee, or guardian, please give full title as such. If a corporation, please sign in full corporate name by president or other authorized officer. If a partnership, please sign in partnership name by authorized person.

Signature 1 - Please keep signature within the box
/ /

0 0 8 7 1 7 2 1 U P X C O Y

001CD40001 00JOSB

Proxy - The BlackRock Investment Quality Municipal Trust Inc.

PREFERRED STOCK

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS

The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the preferred stock of The BlackRock Investment Quality Municipal Trust Inc. (the "Trust") held of record by the undersigned on February 28, 2006 at the Annual Meeting of Stockholders of the Trust to be held on May 23, 2006 or at any adjournments or postponements thereof.

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSALS. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF.

PLEASE MARK BOXES IN BLUE OR BLACK INK.

SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE.

The BlackRock Insured Municipal 2008 Term Trust Inc.

[ ]
changes to your
name or address details above.

Annual Meeting Proxy Card - Common Stock

A Election of Directors PLEASE REFER TO THE REVERSE SIDE FOR TELEPHONE AND INTERNET VOTING INSTRUCTIONS.

1. The Board of Directors recommends a vote FOR the listed nominees. For Withhold
01 - Richard E. Cavanagh [ ] [ ]
02 - R. Glenn Hubbard [ ] [ ]
B Issues
The Board of Directors
recommends a vote FOR the
following proposal.
For Against Abstain
2. To amend the Trust’s Certificate of Designation or Statement [ ] [ ] [ ]
of Preferences, as appropriate.
Mark this box with an X if you have made comments below [ ]

C Authorized Signatures - Sign Here - This section must be completed for your instructions to be executed.

Please be sure to sign and date this proxy. Please sign exactly as your name appears on this proxy. When shares are held by joint tenants, both should sign. When signing as attorney, executor, administrator, trustee, or guardian, please give full title as such. If a corporation, please sign in full corporate name by president or other authorized officer. If a partnership, please sign in partnership name by authorized person.

Signature 1 - Please keep signature within the box
/ /

0 0 8 7 1 6 1 1 U P X C O Y

001CD40001 00JOOB

Proxy - The BlackRock Insured Municipal 2008 Term Trust Inc.

COMMON STOCK

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS

The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the common stock of The BlackRock Insured Municipal 2008 Term Trust Inc. (the "Trust") held of record by the undersigned on February 28, 2006 at the Annual Meeting of Stockholders of the Trust to be held on May 23, 2006 or at any adjournments or postponements thereof.

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSALS. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF.

PLEASE MARK BOXES IN BLUE OR BLACK INK.

SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE.

Telephone and Internet Voting Instructions

You can vote by telephone OR Internet! Available 24 hours a day 7 days a week! Instead of mailing your proxy, you may choose one of the two voting methods outlined below to vote your proxy.

| ● | To
vote using the Internet |
| --- | --- |
| Call toll free 1-800-652-VOTE (8683)
in the United States or Canada any time on a
touch tone telephone. There is NO
CHARGE to you for the call. Follow the simple instructions provided
by the recorded message. | Go to the following web site: WWW.COMPUTERSHARE.COM/EXPRESSVOTE Enter the information requested on
your computer screen and follow the simple
instructions. |

If you vote by telephone or the Internet, please DO NOT mail back this proxy card. Proxies submitted by telephone or the Internet must be received by 1:00 a.m., Central Time, on May 23, 2006. THANK YOU FOR VOTING

The BlackRock Insured Municipal 2008 Term Trust Inc.

[ ]
changes to your name or address details above.

Annual Meeting Proxy Card - Preferred Stock

A Election of Directors

  1. The Board of Directors recommends a vote FOR the listed nominees.
For Withhold For Withhold
01 - Richard E. Cavanagh [ ] [ ] 03 - R. Glenn Hubbard [ ] [ ]
02 - Kathleen F. Feldstein [ ] [ ]
B Issues
The Board of Directors recommends
a vote FOR the
following proposal.
For Against Abstain
2. To amend the Trust’s
Certificate of Designation or Statement [ ] [ ] [ ]
of Preferences,
as appropriate.
Mark this box with an X if you have made comments below [ ]

C Authorized Signatures - Sign Here - This section must be completed for your instructions to be executed.

Please be sure to sign and date this proxy. Please sign exactly as your name appears on this proxy. When shares are held by joint tenants, both should sign. When signing as attorney, executor, administrator, trustee, or guardian, please give full title as such. If a corporation, please sign in full corporate name by president or other authorized officer. If a partnership, please sign in partnership name by authorized person.

Signature 1 - Please keep signature within the box
/ /

0 0 8 7 1 6 2 1 U P X C O Y

001CD40001 00JOPB

Proxy - The BlackRock Insured Municipal 2008 Term Trust Inc.

PREFERRED STOCK

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS

The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the preferred stock of The BlackRock Insured Municipal 2008 Term Trust Inc. (the "Trust") held of record by the undersigned on February 28, 2006 at the Annual Meeting of Stockholders of the Trust to be held on May 23, 2006 or at any adjournments or postponements thereof.

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSALS. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF.

PLEASE MARK BOXES IN BLUE OR BLACK INK.

SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE.

The BlackRock California Insured Municipal 2008 Term Trust Inc.

[ ]
changes to your
name or address details above.

Annual Meeting Proxy Card - Common Stock

A Election of Directors PLEASE REFER TO THE REVERSE SIDE FOR TELEPHONE AND INTERNET VOTING INSTRUCTIONS.

1. The Board of Directors recommends a vote FOR the listed nominees. For Withhold
01 - Richard E. Cavanagh [ ] [ ]
02 - R. Glenn Hubbard [ ] [ ]
B Issues
The Board of Directors
recommends a vote FOR the
following proposal.
For Against Abstain
2. To amend the Trust’s Certificate of Designation or Statement [ ] [ ] [ ]
of Preferences, as appropriate.
Mark this box with an X if you have made comments below [ ]

C Authorized Signatures - Sign Here - This section must be completed for your instructions to be executed.

Please be sure to sign and date this proxy. Please sign exactly as your name appears on this proxy. When shares are held by joint tenants, both should sign. When signing as attorney, executor, administrator, trustee, or guardian, please give full title as such. If a corporation, please sign in full corporate name by president or other authorized officer. If a partnership, please sign in partnership name by authorized person.

Signature 1 - Please keep signature within the box
/ /

0 0 8 7 1 5 1 1 U P X C O Y

001CD40001 00JNFB

Proxy - The BlackRock California Insured Municipal 2008 Term Trust Inc.

COMMON STOCK

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS

The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the common stock of The BlackRock California Insured Municipal 2008 Term Trust Inc. (the "Trust") held of record by the undersigned on February 28, 2006 at the Annual Meeting of Stockholders of the Trust to be held on May 23, 2006 or at any adjournments or postponements thereof.

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSALS. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF.

PLEASE MARK BOXES IN BLUE OR BLACK INK.

SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE.

Telephone and Internet Voting Instructions

You can vote by telephone OR Internet! Available 24 hours a day 7 days a week! Instead of mailing your proxy, you may choose one of the two voting methods outlined below to vote your proxy.

| ● | To
vote using the Internet |
| --- | --- |
| Call toll free 1-800-652-VOTE (8683)
in the United States or Canada any time on a
touch tone telephone. There is NO
CHARGE to you for the call. Follow the simple instructions provided
by the recorded message. | Go to the following web site: WWW.COMPUTERSHARE.COM/EXPRESSVOTE Enter the information requested on
your computer screen and follow the simple
instructions. |

If you vote by telephone or the Internet, please DO NOT mail back this proxy card. Proxies submitted by telephone or the Internet must be received by 1:00 a.m., Central Time, on May 23, 2006. THANK YOU FOR VOTING

The BlackRock California Insured Municipal 2008 Term Trust Inc.

[ ]
changes to your name or address details above.

Annual Meeting Proxy Card - Preferred Stock

A Election of Directors

  1. The Board of Directors recommends a vote FOR the listed nominees.
For Withhold For Withhold
01 - Richard E. Cavanagh [ ] [ ] 03 - R. Glenn Hubbard [ ] [ ]
02 - Kathleen F. Feldstein [ ] [ ]
B Issues
The Board of Directors recommends
a vote FOR the
following proposal.
For Against Abstain
2. To amend the Trust’s
Certificate of Designation or Statement [ ] [ ] [ ]
of Preferences,
as appropriate.
Mark this box with an X if you have made comments below [ ]

C Authorized Signatures - Sign Here - This section must be completed for your instructions to be executed.

Please be sure to sign and date this proxy. Please sign exactly as your name appears on this proxy. When shares are held by joint tenants, both should sign. When signing as attorney, executor, administrator, trustee, or guardian, please give full title as such. If a corporation, please sign in full corporate name by president or other authorized officer. If a partnership, please sign in partnership name by authorized person.

Signature 1 - Please keep signature within the box
/ /

0 0 8 7 1 5 2 1 U P X C O Y

001CD40001 00JNJB

Proxy - The BlackRock California Insured Municipal 2008 Term Trust Inc.

PREFERRED STOCK

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS

The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the preferred stock of The BlackRock California Insured Municipal 2008 Term Trust Inc. (the "Trust") held of record by the undersigned on February 28, 2006 at the Annual Meeting of Stockholders of the Trust to be held on May 23, 2006 or at any adjournments or postponements thereof.

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSALS. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF.

PLEASE MARK BOXES IN BLUE OR BLACK INK.

SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE.

The BlackRock Florida Insured Municipal 2008 Term Trust

[ ]
changes to your
name or address details above.

Annual Meeting Proxy Card - Common Shares

A Election of Trustees

1. The Board of Trustees recommends a vote FOR the listed nominees. For Withhold
01 - Richard E. Cavanagh [ ] [ ]
02 - R. Glenn Hubbard [ ] [ ]
B Issues
The Board of Trustees
recommends a vote FOR the
following proposal.
For Against Abstain
2. To amend the Trust’s Certificate of Designation or Statement [ ] [ ] [ ]
of Preferences, as appropriate.
Mark this box with an X if you have made comments below [ ]

C Authorized Signatures - Sign Here - This section must be completed for your instructions to be executed.

Please be sure to sign and date this proxy. Please sign exactly as your name appears on this proxy. When shares are held by joint tenants, both should sign. When signing as attorney, executor, administrator, trustee, or guardian, please give full title as such. If a corporation, please sign in full corporate name by president or other authorized officer. If a partnership, please sign in partnership name by authorized person.

Signature 1 - Please keep signature within the box
/ /

0 0 8 6 9 1 1 1 U P X C O Y

001CD40001 00JFVB

Proxy - The BlackRock Florida Insured Municipal 2008 Term Trust

COMMON SHARES

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES

The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the common shares of The BlackRock Florida Insured Municipal 2008 Term Trust (the "Trust") held of record by the undersigned on February 28, 2006 at the Annual Meeting of Shareholders of the Trust to be held on May 23, 2006 or at any adjournments or postponements thereof.

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSALS. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF.

PLEASE MARK BOXES IN BLUE OR BLACK INK.

SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE.

The BlackRock Florida Insured Municipal 2008 Term Trust

[ ]
changes to your
name or address details above.

Annual Meeting Proxy Card - Preferred Shares

A Election of Trustees

1. The Board of Trustees recommends a vote FOR the listed nominees. For Withhold
01 - Richard E. Cavanagh [ ] [ ]
02 - Kathleen F.
Feldstein [ ] [ ]
03 - R. Glenn Hubbard [ ] [ ]
B Issues
The Board of Trustees
recommends a vote FOR the
following proposal.
For Against Abstain
2. To amend the Trust’s Certificate of Designation or Statement [ ] [ ] [ ]
of Preferences, as appropriate.
Mark this box with an X if you have made comments below [ ]

C Authorized Signatures - Sign Here - This section must be completed for your instructions to be executed.

Please be sure to sign and date this proxy. Please sign exactly as your name appears on this proxy. When shares are held by joint tenants, both should sign. When signing as attorney, executor, administrator, trustee, or guardian, please give full title as such. If a corporation, please sign in full corporate name by president or other authorized officer. If a partnership, please sign in partnership name by authorized person.

Signature 1 - Please keep signature within the box
/ /

0 0 8 6 9 1 2 1 U P X C O Y

001CD40001 00JFWC

Proxy - The BlackRock Florida Insured Municipal 2008 Term Trust

PREFERRED SHARES

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES

The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the preferred shares of The BlackRock Florida Insured Municipal 2008 Term Trust (the "Trust") held of record by the undersigned on February 28, 2006 at the Annual Meeting of Shareholders of the Trust to be held on May 23, 2006 or at any adjournments or postponements thereof.

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSALS. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF.

PLEASE MARK BOXES IN BLUE OR BLACK INK.

SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE.

The BlackRock New York Insured Municipal 2008 Term Trust Inc.

[ ]
changes to your
name or address details above.

Annual Meeting Proxy Card - Common Stock

A Election of Directors PLEASE REFER TO THE REVERSE SIDE FOR TELEPHONE AND INTERNET VOTING INSTRUCTIONS.

1. The Board of Directors recommends a vote FOR the listed nominees. For Withhold
01 - Richard E. Cavanagh [ ] [ ]
02 - R. Glenn Hubbard [ ] [ ]
B Issues
The Board of Directors
recommends a vote FOR the
following proposal.
For Against Abstain
2. To amend the Trust’s Certificate of Designation or Statement [ ] [ ] [ ]
of Preferences, as appropriate.
Mark this box with an X if you have made comments below [ ]

C Authorized Signatures - Sign Here - This section must be completed for your instructions to be executed.

Please be sure to sign and date this proxy. Please sign exactly as your name appears on this proxy. When shares are held by joint tenants, both should sign. When signing as attorney, executor, administrator, trustee, or guardian, please give full title as such. If a corporation, please sign in full corporate name by president or other authorized officer. If a partnership, please sign in partnership name by authorized person.

Signature 1 - Please keep signature within the box
/ /

0 0 8 7 1 8 1 1 U P X C O Y

001CD40001 00JOUB

Proxy - The BlackRock New York Insured Municipal 2008 Term Trust Inc.

COMMON STOCK

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS

The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the common stock of The BlackRock New York Insured Municipal 2008 Term Trust Inc. (the "Trust") held of record by the undersigned on February 28, 2006 at the Annual Meeting of Stockholders of the Trust to be held on May 23, 2006 or at any adjournments or postponements thereof.

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSALS. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF.

PLEASE MARK BOXES IN BLUE OR BLACK INK.

SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE.

Telephone and Internet Voting Instructions

You can vote by telephone OR Internet! Available 24 hours a day 7 days a week! Instead of mailing your proxy, you may choose one of the two voting methods outlined below to vote your proxy.

| ● | To
vote using the Internet |
| --- | --- |
| Call toll free 1-800-652-VOTE (8683)
in the United States or Canada any time on a
touch tone telephone. There is NO
CHARGE to you for the call. Follow the simple instructions provided
by the recorded message. | Go to the following web site: WWW.COMPUTERSHARE.COM/EXPRESSVOTE Enter the information requested on
your computer screen and follow the simple
instructions. |

If you vote by telephone or the Internet, please DO NOT mail back this proxy card. Proxies submitted by telephone or the Internet must be received by 1:00 a.m., Central Time, on May 23, 2006. THANK YOU FOR VOTING

The BlackRock New York Insured Municipal 2008 Term Trust Inc.

[ ]
changes to your name or address details above.

Annual Meeting Proxy Card - Preferred Stock

A Election of Directors

  1. The Board of Directors recommends a vote FOR the listed nominees.
For Withhold For Withhold
01 - Richard E. Cavanagh [ ] [ ] 03 - R. Glenn Hubbard [ ] [ ]
02 - Kathleen F. Feldstein [ ] [ ]
B Issues
The Board of Directors recommends
a vote FOR the
following proposal.
For Against Abstain
2. To amend the Trust’s
Certificate of Designation or Statement [ ] [ ] [ ]
of Preferences,
as appropriate.
Mark this box with an X if you have made comments below [ ]

C Authorized Signatures - Sign Here - This section must be completed for your instructions to be executed.

Please be sure to sign and date this proxy. Please sign exactly as your name appears on this proxy. When shares are held by joint tenants, both should sign. When signing as attorney, executor, administrator, trustee, or guardian, please give full title as such. If a corporation, please sign in full corporate name by president or other authorized officer. If a partnership, please sign in partnership name by authorized person.

Signature 1 - Please keep signature within the box
/ /

0 0 8 7 1 8 2 1 U P X C O Y

001CD40001 00JOVB

Proxy - The BlackRock New York Insured Municipal 2008 Term Trust Inc.

PREFERRED STOCK

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS

The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the preferred stock of The BlackRock New York Insured Municipal 2008 Term Trust Inc. (the "Trust") held of record by the undersigned on February 28, 2006 at the Annual Meeting of Stockholders of the Trust to be held on May 23, 2006 or at any adjournments or postponements thereof.

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSALS. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF.

PLEASE MARK BOXES IN BLUE OR BLACK INK.

SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE.

The BlackRock Broad Investment Grade 2009 Term Trust Inc.

[ ]
changes to your
name or address details above.

Annual Meeting Proxy Card - Common Stock

A Election of Directors PLEASE REFER TO THE REVERSE SIDE FOR TELEPHONE AND INTERNET VOTING INSTRUCTIONS.

1. The Board of Directors recommends a vote FOR the listed nominees. For Withhold
01 - Andrew F. Brimmer [ ] [ ]
02 - Kent Dixon [ ] [ ]
03 - Robert S. Kapito [ ] [ ]
Mark this box with an X if you have made comments below [ ]

B Authorized Signatures - Sign Here - This section must be completed for your instructions to be executed.

Please be sure to sign and date this proxy. Please sign exactly as your name appears on this proxy. When shares are held by joint tenants, both should sign. When signing as attorney, executor, administrator, trustee, or guardian, please give full title as such. If a corporation, please sign in full corporate name by president or other authorized officer. If a partnership, please sign in partnership name by authorized person.

Signature 1 - Please keep signature within the box
/ /

0 0 8 7 2 31 1 U P X C O Y

001CD40001 00JOUB

Proxy - The BlackRock Broad Investment Grade 2009 Term Trust Inc.

COMMON STOCK

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS

The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the common stock of The BlackRock Broad Investment Grade 2009 Term Trust Inc. (the "Trust") held of record by the undersigned on February 28, 2006 at the Annual Meeting of Stockholders of the Trust to be held on May 23, 2006 or at any adjournments or postponements thereof.

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF.

PLEASE MARK BOXES IN BLUE OR BLACK INK.

SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE.

Telephone and Internet Voting Instructions

You can vote by telephone OR Internet! Available 24 hours a day 7 days a week! Instead of mailing your proxy, you may choose one of the two voting methods outlined below to vote your proxy.

| ● | To
vote using the Internet |
| --- | --- |
| Call toll free 1-800-652-VOTE (8683)
in the United States or Canada any time on a
touch tone telephone. There is NO
CHARGE to you for the call. Follow the simple instructions provided
by the recorded message. | Go to the following web site: WWW.COMPUTERSHARE.COM/EXPRESSVOTE Enter the information requested on
your computer screen and follow the simple
instructions. |

If you vote by telephone or the Internet, please DO NOT mail back this proxy card. Proxies submitted by telephone or the Internet must be received by 1:00 a.m., Central Time, on May 23, 2006. THANK YOU FOR VOTING

The BlackRock Income Trust Inc.

[ ]
changes to your
name or address details above.

Annual Meeting Proxy Card - Common Stock

A Election of Directors PLEASE REFER TO THE REVERSE SIDE FOR TELEPHONE AND INTERNET VOTING INSTRUCTIONS.

1. The Board of Directors recommends a vote FOR the listed nominees. For Withhold
01 - Frank J. Fabozzi [ ] [ ]
02 - Kathleen F. Feldstein [ ] [ ]
03 - Ralph L. Schlosstein [ ] [ ]
Mark this box with an X if you have made comments below [ ]

B Authorized Signatures - Sign Here - This section must be completed for your instructions to be executed.

Please be sure to sign and date this proxy. Please sign exactly as your name appears on this proxy. When shares are held by joint tenants, both should sign. When signing as attorney, executor, administrator, trustee, or guardian, please give full title as such. If a corporation, please sign in full corporate name by president or other authorized officer. If a partnership, please sign in partnership name by authorized person.

Signature 1 - Please keep signature within the box
/ /

0 0 8 3 3 3 1 1 U P X C O Y

001CD40001 00JT2A

Proxy - The BlackRock Income Trust Inc.

COMMON STOCK

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS

The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the common stock of The BlackRock Income Trust Inc. (the "Trust") held of record by the undersigned on February 28, 2006 at the Annual Meeting of Stockholders of the Trust to be held on May 23, 2006 or at any adjournments or postponements thereof.

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF.

PLEASE MARK BOXES IN BLUE OR BLACK INK.

SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE.

Telephone and Internet Voting Instructions

You can vote by telephone OR Internet! Available 24 hours a day 7 days a week! Instead of mailing your proxy, you may choose one of the two voting methods outlined below to vote your proxy.

| ● | To
vote using the Internet |
| --- | --- |
| Call toll free 1-800-652-VOTE (8683)
in the United States or Canada any time on a
touch tone telephone. There is NO
CHARGE to you for the call. Follow the simple instructions provided
by the recorded message. | Go to the following web site: WWW.COMPUTERSHARE.COM/EXPRESSVOTE Enter the information requested on
your computer screen and follow the simple
instructions. |

If you vote by telephone or the Internet, please DO NOT mail back this proxy card. Proxies submitted by telephone or the Internet must be received by 1:00 a.m., Central Time, on May 23, 2006. THANK YOU FOR VOTING

The BlackRock High Yield Trust

[ ]
changes to your
name or address details above.

Annual Meeting Proxy Card - Common Shares

A Election of Trustees PLEASE REFER TO THE REVERSE SIDE FOR TELEPHONE AND INTERNET VOTING INSTRUCTIONS.

1. The Board of Trustees recommends a vote FOR the listed nominees. For Withhold
01 - Richard E. Cavanagh [ ] [ ]
02 - R. Glenn Hubbard [ ] [ ]
B Issues
The Board of Trustees
recommends a vote FOR the
following proposal.
For Against Abstain
2. To amend the Trust’s Declaration of Trust. [ ] [ ] [ ]
Mark this box with an X if you have made comments below [ ]

C Authorized Signatures - Sign Here - This section must be completed for your instructions to be executed.

Please be sure to sign and date this proxy. Please sign exactly as your name appears on this proxy. When shares are held by joint tenants, both should sign. When signing as attorney, executor, administrator, trustee, or guardian, please give full title as such. If a corporation, please sign in full corporate name by president or other authorized officer. If a partnership, please sign in partnership name by authorized person.

Signature 1 - Please keep signature within the box
/ /

0 0 8 6 9 2 1 1 U P X C O Y

001CD40001 00JLNB

Proxy - The BlackRock High Yield Trust

COMMON SHARES

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES

The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the common shares of The BlackRock High Yield Trust (the "Trust") held of record by the undersigned on February 28, 2006 at the Annual Meeting of Shareholders of the Trust to be held on May 23, 2006 or at any adjournments or postponements thereof.

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSALS. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF.

PLEASE MARK BOXES IN BLUE OR BLACK INK.

SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE.

Telephone and Internet Voting Instructions

You can vote by telephone OR Internet! Available 24 hours a day 7 days a week! Instead of mailing your proxy, you may choose one of the two voting methods outlined below to vote your proxy.

To vote using the Internet
Call toll free 1-800-652-VOTE (8683)
in the United States or Canada any time on a
touch tone telephone. There is NO
CHARGE to you for the call. Follow the simple instructions provided
by the recorded message. Go to the following web site: WWW.COMPUTERSHARE.COM/EXPRESSVOTE Enter the information requested on
your computer screen and follow the simple
instructions.

If you vote by telephone or the Internet, please DO NOT mail back this proxy card. Proxies submitted by telephone or the Internet must be received by 1:00 a.m., Central Time, on May 23, 2006. THANK YOU FOR VOTING

The BlackRock Municipal Target Term Trust Inc.

[ ]
changes to your
name or address details above.

Annual Meeting Proxy Card - Common Stock

A Election of Directors PLEASE REFER TO THE REVERSE SIDE FOR TELEPHONE AND INTERNET VOTING INSTRUCTIONS.

1. The Board of Directors recommends a vote FOR the listed nominees. For Withhold
01 - Frank J. Fabozzi [ ] [ ]
02 - Kathleen F. Feldstein [ ] [ ]
03 - Ralph L. Schlosstein [ ] [ ]
Mark this box with an X if you have made comments below [ ]

B Authorized Signatures - Sign Here - This section must be completed for your instructions to be executed.

Please be sure to sign and date this proxy. Please sign exactly as your name appears on this proxy. When shares are held by joint tenants, both should sign. When signing as attorney, executor, administrator, trustee, or guardian, please give full title as such. If a corporation, please sign in full corporate name by president or other authorized officer. If a partnership, please sign in partnership name by authorized person.

Signature 1 - Please keep signature within the box
/ /

0 0 8 7 1 9 1 1 U P X C O Y

001CD40001 00JSZA

Proxy - The BlackRock Municipal Target Term Trust Inc.

COMMON STOCK

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS

The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the common stock of The BlackRock Municipal Target Term Trust Inc. (the "Trust") held of record by the undersigned on February 28, 2006 at the Annual Meeting of Stockholders of the Trust to be held on May 23, 2006 or at any adjournments or postponements thereof.

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF.

PLEASE MARK BOXES IN BLUE OR BLACK INK.

SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE.

Telephone and Internet Voting Instructions

You can vote by telephone OR Internet! Available 24 hours a day 7 days a week! Instead of mailing your proxy, you may choose one of the two voting methods outlined below to vote your proxy.

| ● | To
vote using the Internet |
| --- | --- |
| Call toll free 1-800-652-VOTE (8683)
in the United States or Canada any time on a
touch tone telephone. There is NO
CHARGE to you for the call. Follow the simple instructions provided
by the recorded message. | Go to the following web site: WWW.COMPUTERSHARE.COM/EXPRESSVOTE Enter the information requested on
your computer screen and follow the simple
instructions. |

If you vote by telephone or the Internet, please DO NOT mail back this proxy card. Proxies submitted by telephone or the Internet must be received by 1:00 a.m., Central Time, on May 23, 2006. THANK YOU FOR VOTING

The BlackRock California Investment Quality Municipal Trust Inc.

[ ]
changes to your
name or address details above.

Annual Meeting Proxy Card - Common Stock

A Election of Directors PLEASE REFER TO THE REVERSE SIDE FOR TELEPHONE AND INTERNET VOTING INSTRUCTIONS.

1. The Board of Directors recommends a vote FOR the listed nominees. For Withhold
01 - Andrew F. Brimmer [ ] [ ]
02 - Richard E. Cavanagh [ ] [ ]
03 - Kent Dixon [ ] [ ]
04 - Robert S. Kapito [ ] [ ]
B Issues
The Board of Directors recommends a vote FOR the following proposal.
For Against Abstain
2. To amend the Trust’s Certificate of Designation or Statement [ ] [ ] [ ]
of Preferences, as appropriate.
Mark this box with an X if you have made comments below [ ]

C Authorized Signatures - Sign Here - This section must be completed for your instructions to be executed.

Please be sure to sign and date this proxy. Please sign exactly as your name appears on this proxy. When shares are held by joint tenants, both should sign. When signing as attorney, executor, administrator, trustee, or guardian, please give full title as such. If a corporation, please sign in full corporate name by president or other authorized officer. If a partnership, please sign in partnership name by authorized person.

Signature 1 - Please keep signature within the box
/ /

0 0 8 7 2 0 1 1 U P X C O Y

001CD40001 00JTCA

Proxy - The BlackRock California Investment Quality Municipal Trust Inc.

COMMON STOCK

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS

The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the common stock of The BlackRock California Investment Quality Municipal Trust Inc. (the "Trust") held of record by the undersigned on February 28, 2006 at the Annual Meeting of Stockholders of the Trust to be held on May 23, 2006 or at any adjournments or postponements thereof.

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSALS. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF.

PLEASE MARK BOXES IN BLUE OR BLACK INK.

SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE.

Telephone and Internet Voting Instructions

You can vote by telephone OR Internet! Available 24 hours a day 7 days a week! Instead of mailing your proxy, you may choose one of the two voting methods outlined below to vote your proxy.

| ● | To
vote using the Internet |
| --- | --- |
| Call toll free 1-800-652-VOTE (8683)
in the United States or Canada any time on a
touch tone telephone. There is NO
CHARGE to you for the call. Follow the simple instructions provided
by the recorded message. | Go to the following web site: WWW.COMPUTERSHARE.COM/EXPRESSVOTE Enter the information requested on
your computer screen and follow the simple
instructions. |

If you vote by telephone or the Internet, please DO NOT mail back this proxy card. Proxies submitted by telephone or the Internet must be received by 1:00 a.m., Central Time, on May 23, 2006. THANK YOU FOR VOTING

The BlackRock California Investment Quality Municipal Trust Inc.

[ ]
changes to your name or address details above.

Annual Meeting Proxy Card - Preferred Stock

A Election of Directors

  1. The Board of Directors recommends a vote FOR the listed nominees.
For Withhold For Withhold
01 - Andrew F. Brimmer [ ] [ ] 04 - Kathleen F. Feldstein [ ] [ ]
02 - Richard E. Cavanagh [ ] [ ] 05 - Robert S. Kapito [ ] [ ]
03 - Kent Dixon [ ] [ ]
B Issues
The Board of Directors recommends
a vote FOR the
following proposal.
For Against Abstain
2. To amend the Trust’s
Certificate of Designation or Statement [ ] [ ] [ ]
of Preferences,
as appropriate.
Mark this box with an X if you have made comments below [ ]

C Authorized Signatures - Sign Here - This section must be completed for your instructions to be executed.

Please be sure to sign and date this proxy. Please sign exactly as your name appears on this proxy. When shares are held by joint tenants, both should sign. When signing as attorney, executor, administrator, trustee, or guardian, please give full title as such. If a corporation, please sign in full corporate name by president or other authorized officer. If a partnership, please sign in partnership name by authorized person.

Signature 1 - Please keep signature within the box
/ /

0 0 8 7 2 0 2 1 U P X C O Y

001CD40001 00JTDA

Proxy - The BlackRock Califonia Investment Quality Municipal Trust Inc.

PREFERRED STOCK

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS

The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the preferred stock of The BlackRock California Investment Quality Municipal Trust Inc. (the "Trust") held of record by the undersigned on February 28, 2006 at the Annual Meeting of Stockholders of the Trust to be held on May 23, 2006 or at any adjournments or postponements thereof.

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSALS. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF.

PLEASE MARK BOXES IN BLUE OR BLACK INK.

SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE.

The BlackRock Florida Investment Quality Municipal Trust

[ ]
changes to your name or address details above.

Annual Meeting Proxy Card - Common Shares

A Election of Trustees
1. The Board of Trustees recommends a vote FOR the listed nominees.
For Withhold
01 - Andrew F. Brimmer [ ] [ ]
02 - Richard E. Cavanagh [ ] [ ]
03 - Kent Dixon [ ] [ ]
04 - Robert S. Kapito [ ] [ ]
B Issues
The Board of Trustees recommends a vote FOR the following proposal.
For Against Abstain
2. To amend the Trust’s Certificate of Designation or Statement [ ] [ ] [ ]
of Preferences, as appropriate.
Mark this box with an X if you have made comments below [ ]

C Authorized Signatures - Sign Here - This section must be completed for your instructions to be executed.

Please be sure to sign and date this proxy. Please sign exactly as your name appears on this proxy. When shares are held by joint tenants, both should sign. When signing as attorney, executor, administrator, trustee, or guardian, please give full title as such. If a corporation, please sign in full corporate name by president or other authorized officer. If a partnership, please sign in partnership name by authorized person.

Signature 1 - Please keep signature within the box
/ /

0 0 8 7 0 9 1 1 U P X C O Y

001CD40001 00JQHA

Proxy - The BlackRock Florida Investment Quality Municipal Trust

COMMON SHARES

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES

The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the common shares of The BlackRock Florida Investment Quality Municipal Trust (the "Trust") held of record by the undersigned on February 28, 2006 at the Annual Meeting of Shareholders of the Trust to be held on May 23, 2006 or at any adjournments or postponements thereof.

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSALS. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF.

PLEASE MARK BOXES IN BLUE OR BLACK INK.

SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE.

The BlackRock Florida Investment Quality Municipal Trust

[ ]
changes to your name or address details above.

Annual Meeting Proxy Card - Preferred Shares

A Election of Trustees

1. The Board of Trustees recommends a vote FOR the listed nominees. For Withhold For Withhold
01 - Andrew F. Brimmer [ ] [ ] 04 - Kathleen F. Feldstein [ ] [ ]
02 - Richard E. Cavanagh [ ] [ ] 05 - Robert S. Kapito [ ] [ ]
03 - Kent Dixon [ ] [ ]
B Issues
The Board of Trustees recommends a vote FOR the following proposal.
For Against Abstain
2. To amend the Trust’s Certificate of Designation or Statement [ ] [ ] [ ]
of Preferences, as appropriate.
Mark this box with an X if you have made comments below [ ]

C Authorized Signatures - Sign Here - This section must be completed for your instructions to be executed.

Please be sure to sign and date this proxy. Please sign exactly as your name appears on this proxy. When shares are held by joint tenants, both should sign. When signing as attorney, executor, administrator, trustee, or guardian, please give full title as such. If a corporation, please sign in full corporate name by president or other authorized officer. If a partnership, please sign in partnership name by authorized person.

Signature 1 - Please keep signature within the box
/ /

0 0 8 7 0 9 2 1 U P X C O Y

001CD40001 00JQIA

Proxy - The BlackRock Florida Investment Quality Municipal Trust

PREFERRED SHARES

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES

The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the preferred shares of The BlackRock Florida Investment Quality Municipal Trust (the "Trust") held of record by the undersigned on February 28, 2006 at the Annual Meeting of Shareholders of the Trust to be held on May 23, 2006 or at any adjournments or postponements thereof.

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSALS. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF.

PLEASE MARK BOXES IN BLUE OR BLACK INK.

SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE.

The BlackRock New Jersey Investment Quality Municipal Trust Inc.

[ ]
changes to your name or address details above.

Annual Meeting Proxy Card - Common Stock

A Election of Directors PLEASE REFER TO THE REVERSE SIDE FOR TELEPHONE AND INTERNET VOTING INSTRUCTIONS.

  1. The Board of Directors recommends a vote FOR the listed nominees.
01 - Andrew F. Brimmer For — [ ] Withhold — [ ]
02 - Richard E. Cavanagh [ ] [ ]
03 - Kent Dixon [ ] [ ]
04 - Robert S. Kapito [ ] [ ]
B Issues
The Board of Directors recommends
a vote FOR the
following proposal.
For Against Abstain
2. To amend the Trust’s
Certificate of Designation or Statement [ ] [ ] [ ]
of Preferences,
as appropriate.
Mark this box with an X if you have made comments below [ ]

C Authorized Signatures - Sign Here - This section must be completed for your instructions to be executed.

Please be sure to sign and date this proxy. Please sign exactly as your name appears on this proxy. When shares are held by joint tenants, both should sign. When signing as attorney, executor, administrator, trustee, or guardian, please give full title as such. If a corporation, please sign in full corporate name by president or other authorized officer. If a partnership, please sign in partnership name by authorized person.

Signature 1 - Please keep signature within the box
/ /

0 0 8 7 2 1 1 1 U P X C O Y

001CD40001 00JTFA

Proxy - The BlackRock New Jersey Investment Quality Municipal Trust Inc.

COMMON STOCK

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS

The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the common stock of The BlackRock New Jersey Investment Quality Municipal Trust Inc. (the "Trust") held of record by the undersigned on February 28, 2006 at the Annual Meeting of Stockholders of the Trust to be held on May 23, 2006 or at any adjournments or postponements thereof.

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSALS. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF.

PLEASE MARK BOXES IN BLUE OR BLACK INK.

SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE.

Telephone and Internet Voting Instructions

You can vote by telephone OR Internet! Available 24 hours a day 7 days a week! Instead of mailing your proxy, you may choose one of the two voting methods outlined below to vote your proxy.

| ● | To
vote using the Internet |
| --- | --- |
| Call toll free 1-800-652-VOTE (8683)
in the United States or Canada any time on a
touch tone telephone. There is NO
CHARGE to you for the call. Follow the simple instructions provided
by the recorded message. | Go to the following web site: WWW.COMPUTERSHARE.COM/EXPRESSVOTE Enter the information requested on
your computer screen and follow the simple
instructions. |

If you vote by telephone or the Internet, please DO NOT mail back this proxy card. Proxies submitted by telephone or the Internet must be received by 1:00 a.m., Central Time, on May 23, 2006. THANK YOU FOR VOTING

The BlackRock New Jersey Investment Quality Municipal Trust Inc.

[ ]
changes to your name or address details above.

Annual Meeting Proxy Card - Preferred Stock

A Election of Directors

  1. The Board of Directors recommends a vote FOR the listed nominees.
For Withhold For Withhold
01 - Andrew F. Brimmer [ ] [ ] 04 - Kathleen F. Feldstein [ ] [ ]
02 - Richard E. Cavanagh [ ] [ ] 05 - Robert S. Kapito [ ] [ ]
03 - Kent Dixon [ ] [ ]
B Issues
The Board of Directors recommends
a vote FOR the
following proposal.
For Against Abstain
2. To amend the Trust’s
Certificate of Designation or Statement [ ] [ ] [ ]
of Preferences,
as appropriate.
Mark this box with an X if you have made comments below [ ]

C Authorized Signatures - Sign Here - This section must be completed for your instructions to be executed.

Please be sure to sign and date this proxy. Please sign exactly as your name appears on this proxy. When shares are held by joint tenants, both should sign. When signing as attorney, executor, administrator, trustee, or guardian, please give full title as such. If a corporation, please sign in full corporate name by president or other authorized officer. If a partnership, please sign in partnership name by authorized person.

Signature 1 - Please keep signature within the box
/ /

0 0 8 7 2 1 2 1 U P X C O Y

001CD40001 00JTGA

Proxy - The BlackRock New Jersey Investment Quality Municipal Trust Inc.

PREFERRED STOCK

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS

The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the preferred stock of The BlackRock New Jersey Investment Quality Municipal Trust Inc. (the "Trust") held of record by the undersigned on February 28, 2006 at the Annual Meeting of Stockholders of the Trust to be held on May 23, 2006 or at any adjournments or postponements thereof.

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSALS. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF.

PLEASE MARK BOXES IN BLUE OR BLACK INK.

SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE.

The BlackRock New York Investment Quality Municipal Trust Inc.

[ ]
changes to your name or address details above.

Annual Meeting Proxy Card - Common Stock

A Election of Directors PLEASE REFER TO THE REVERSE SIDE FOR TELEPHONE AND INTERNET VOTING INSTRUCTIONS.

  1. The Board of Directors recommends a vote FOR the listed nominees.
01 - Andrew F. Brimmer For — [ ] Withhold — [ ]
02 - Richard E. Cavanagh [ ] [ ]
03 - Kent Dixon [ ] [ ]
04 - Robert S. Kapito [ ] [ ]
B Issues
The Board of Directors recommends
a vote FOR the
following proposal.
For Against Abstain
2. To amend the Trust’s
Certificate of Designation or Statement [ ] [ ] [ ]
of Preferences,
as appropriate.
Mark this box with an X if you have made comments below [ ]

C Authorized Signatures - Sign Here - This section must be completed for your instructions to be executed.

Please be sure to sign and date this proxy. Please sign exactly as your name appears on this proxy. When shares are held by joint tenants, both should sign. When signing as attorney, executor, administrator, trustee, or guardian, please give full title as such. If a corporation, please sign in full corporate name by president or other authorized officer. If a partnership, please sign in partnership name by authorized person.

Signature 1 - Please keep signature within the box
/ /

0 0 8 7 2 2 1 1 U P X C O Y

001CD40001 00JTJA

Proxy - The BlackRock New York Investment Quality Municipal Trust Inc.

COMMON STOCK

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS

The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the common stock of The BlackRock New York Investment Quality Municipal Trust Inc. (the "Trust") held of record by the undersigned on February 28, 2006 at the Annual Meeting of Stockholders of the Trust to be held on May 23, 2006 or at any adjournments or postponements thereof.

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSALS. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF.

PLEASE MARK BOXES IN BLUE OR BLACK INK.

SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE.

Telephone and Internet Voting Instructions

You can vote by telephone OR Internet! Available 24 hours a day 7 days a week! Instead of mailing your proxy, you may choose one of the two voting methods outlined below to vote your proxy.

| ● | To
vote using the Internet |
| --- | --- |
| Call toll free 1-800-652-VOTE (8683)
in the United States or Canada any time on a
touch tone telephone. There is NO
CHARGE to you for the call. Follow the simple instructions provided
by the recorded message. | Go to the following web site: WWW.COMPUTERSHARE.COM/EXPRESSVOTE Enter the information requested on
your computer screen and follow the simple
instructions. |

If you vote by telephone or the Internet, please DO NOT mail back this proxy card. Proxies submitted by telephone or the Internet must be received by 1:00 a.m., Central Time, on May 23, 2006. THANK YOU FOR VOTING

The BlackRock New York Investment Quality Municipal Trust Inc.

[ ]
changes to your name or address details above.

Annual Meeting Proxy Card - Preferred Stock

A Election of Directors

  1. The Board of Directors recommends a vote FOR the listed nominees.
For Withhold For Withhold
01 - Andrew F. Brimmer [ ] [ ] 04 - Kathleen F. Feldstein [ ] [ ]
02 - Richard E. Cavanagh [ ] [ ] 05 - Robert S. Kapito [ ] [ ]
03 - Kent Dixon [ ] [ ]
B Issues
The Board of Directors recommends
a vote FOR the
following proposal.
For Against Abstain
2. To amend the Trust’s
Certificate of Designation or Statement [ ] [ ] [ ]
of Preferences,
as appropriate.
Mark this box with an X if you have made comments below [ ]

C Authorized Signatures - Sign Here - This section must be completed for your instructions to be executed.

Please be sure to sign and date this proxy. Please sign exactly as your name appears on this proxy. When shares are held by joint tenants, both should sign. When signing as attorney, executor, administrator, trustee, or guardian, please give full title as such. If a corporation, please sign in full corporate name by president or other authorized officer. If a partnership, please sign in partnership name by authorized person.

Signature 1 - Please keep signature within the box
/ /

0 0 8 7 2 2 2 1 U P X C O Y

001CD40001 00JTKA

Proxy - The BlackRock New York Investment Quality Municipal Trust Inc.

PREFERRED STOCK

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS

The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the preferred stock of The BlackRock New York Investment Quality Municipal Trust Inc. (the "Trust") held of record by the undersigned on February 28, 2006 at the Annual Meeting of Stockholders of the Trust to be held on May 23, 2006 or at any adjournments or postponements thereof.

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSALS. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF.

PLEASE MARK BOXES IN BLUE OR BLACK INK.

SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE.

The BlackRock Income Opportunity Trust Inc.

[ ]
changes to your name or address details above.

Annual Meeting Proxy Card - Common Stock

A Election of Directors PLEASE REFER TO THE REVERSE SIDE FOR TELEPHONE AND INTERNET VOTING INSTRUCTIONS.

  1. The Board of Directors recommends a vote FOR the listed nominees.
For Withhold
01 - Frank J. Fabozzi [ ] [ ]
02 - Kathleen F. Feldstein [ ] [ ]
03 - Ralph L. Schlosstein [ ] [ ]
Mark this box with an X if you have made comments below [ ]

B Authorized Signatures - Sign Here - This section must be completed for your instructions to be executed.

Please be sure to sign and date this proxy. Please sign exactly as your name appears on this proxy. When shares are held by joint tenants, both should sign. When signing as attorney, executor, administrator, trustee, or guardian, please give full title as such. If a corporation, please sign in full corporate name by president or other authorized officer. If a partnership, please sign in partnership name by authorized person.

Signature 1 - Please keep signature within the box
/ /

0 0 8 3 7 3 1 1 U P X C O Y

001CD40001 00JT7A

Proxy - The BlackRock Income Opportunity Trust Inc.

COMMON STOCK

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS

The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the common stock of The BlackRock Income Opportunity Trust Inc. (the "Trust") held of record by the undersigned on February 28, 2006 at the Annual Meeting of Stockholders of the Trust to be held on May 23, 2006 or at any adjournments or postponements thereof.

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSALS. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF.

PLEASE MARK BOXES IN BLUE OR BLACK INK.

SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE.

Telephone and Internet Voting Instructions

You can vote by telephone OR Internet! Available 24 hours a day 7 days a week! Instead of mailing your proxy, you may choose one of the two voting methods outlined below to vote your proxy.

To vote using the Internet
Call toll free 1-800-652-VOTE (8683)
in the United States or Canada any time on a
touch tone telephone. There is NO
CHARGE to you for the call. Follow the simple instructions provided
by the recorded message. Go to the following web site: WWW.COMPUTERSHARE.COM/EXPRESSVOTE Enter the information requested on
your computer screen and follow the simple
instructions.

If you vote by telephone or the Internet, please DO NOT mail back this proxy card. Proxies submitted by telephone or the Internet must be received by 1:00 a.m., Central Time, on May 23, 2006. THANK YOU FOR VOTING

The BlackRock Insured Municipal Term Trust Inc.

[ ]
changes to your
name or address details above.

Annual Meeting Proxy Card - Common Stock

A Election of Directors PLEASE REFER TO THE REVERSE SIDE FOR TELEPHONE AND INTERNET VOTING INSTRUCTIONS.

1. The Board of Directors recommends a vote FOR the listed nominees. For Withhold
01 - Richard E. Cavanagh [ ] [ ]
02 - Ralph L. Schlosstein [ ] [ ]
B Issues
The Board of Directors
recommends a vote FOR the
following proposal.
For Against Abstain
2. To amend the Trust’s Certificate of Designation or Statement [ ] [ ] [ ]
of Preferences, as appropriate.
Mark this box with an X if you have made comments below [ ]

C Authorized Signatures - Sign Here - This section must be completed for your instructions to be executed.

Please be sure to sign and date this proxy. Please sign exactly as your name appears on this proxy. When shares are held by joint tenants, both should sign. When signing as attorney, executor, administrator, trustee, or guardian, please give full title as such. If a corporation, please sign in full corporate name by president or other authorized officer. If a partnership, please sign in partnership name by authorized person.

Signature 1 - Please keep signature within the box
/ /

0 0 8 6 2 2 1 1 U P X C O Y

001CD40001 00JSWA

Proxy - The BlackRock Insured Municipal Term Trust Inc.

COMMON STOCK

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS

The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the common stock of The BlackRock Insured Municipal Term Trust Inc. (the "Trust") held of record by the undersigned on February 28, 2006 at the Annual Meeting of Stockholders of the Trust to be held on May 23, 2006 or at any adjournments or postponements thereof.

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSALS. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF.

PLEASE MARK BOXES IN BLUE OR BLACK INK.

SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE.

Telephone and Internet Voting Instructions

You can vote by telephone OR Internet! Available 24 hours a day 7 days a week! Instead of mailing your proxy, you may choose one of the two voting methods outlined below to vote your proxy.

| ● | To
vote using the Internet |
| --- | --- |
| Call toll free 1-800-652-VOTE (8683)
in the United States or Canada any time on a
touch tone telephone. There is NO
CHARGE to you for the call. Follow the simple instructions provided
by the recorded message. | Go to the following web site: WWW.COMPUTERSHARE.COM/EXPRESSVOTE Enter the information requested on
your computer screen and follow the simple
instructions. |

If you vote by telephone or the Internet, please DO NOT mail back this proxy card. Proxies submitted by telephone or the Internet must be received by 1:00 a.m., Central Time, on May 23, 2006. THANK YOU FOR VOTING

The BlackRock Insured Municipal Term Trust Inc.

[ ]
changes to your name or address details above.

Annual Meeting Proxy Card - Preferred Stock

A Election of Directors

  1. The Board of Directors recommends a vote FOR the listed nominees.
01 - Richard E. Cavanagh For — [ ] Withhold — [ ]
02 - Frank J. Fabozzi [ ] [ ]
03 - Kathleen
F. Feldstein [ ] [ ]
04 - Ralph L. Schlosstein [ ] [ ]
B Issues
The Board of Directors recommends
a vote FOR the
following proposal.
For Against Abstain
2. To amend the Trust’s
Certificate of Designation or Statement [ ] [ ] [ ]
of Preferences,
as appropriate.
Mark this box with an X if you have made comments below [ ]

C Authorized Signatures - Sign Here - This section must be completed for your instructions to be executed.

Please be sure to sign and date this proxy. Please sign exactly as your name appears on this proxy. When shares are held by joint tenants, both should sign. When signing as attorney, executor, administrator, trustee, or guardian, please give full title as such. If a corporation, please sign in full corporate name by president or other authorized officer. If a partnership, please sign in partnership name by authorized person.

Signature 1 - Please keep signature within the box
/ /

0 0 8 6 2 2 2 1 U P X C O Y

001CD40001 00JSXA

Proxy - The BlackRock Insured Municipal Term Trust Inc.

PREFERRED STOCK

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS

The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the preferred stock of The BlackRock Insured Municipal Term Trust Inc. (the "Trust") held of record by the undersigned on February 28, 2006 at the Annual Meeting of Stockholders of the Trust to be held on May 23, 2006 or at any adjournments or postponements thereof.

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSALS. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF.

PLEASE MARK BOXES IN BLUE OR BLACK INK.

SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE.

The BlackRock Pennsylvania Strategic Municipal Trust

[ ]
changes to your
name or address details above.

Annual Meeting Proxy Card - Common Shares

A Election of Trustees PLEASE REFER TO THE REVERSE SIDE FOR TELEPHONE AND INTERNET VOTING INSTRUCTIONS.

1. The Board of Trustees recommends a vote FOR the listed nominees. For Withhold
01 - Andrew F.
Brimmer [ ] [ ]
02 - Richard E. Cavanagh [ ] [ ]
03 - Kent Dixon [ ] [ ]
04 - Robert S.
Kapito [ ] [ ]
B Issues
The Board of Trustees
recommends a vote FOR the
following proposal.
For Against Abstain
2. To amend the Trust’s Declaration of Trust. [ ] [ ] [ ]
Mark this box with an X if you have made comments below [ ]

C Authorized Signatures - Sign Here - This section must be completed for your instructions to be executed.

Please be sure to sign and date this proxy. Please sign exactly as your name appears on this proxy. When shares are held by joint tenants, both should sign. When signing as attorney, executor, administrator, trustee, or guardian, please give full title as such. If a corporation, please sign in full corporate name by president or other authorized officer. If a partnership, please sign in partnership name by authorized person.

Signature 1 - Please keep signature within the box
/ /

0 0 8 7 1 0 1 1 U P X C O Y

001CD40001 00JPXA

Proxy - The BlackRock Pennsylvania Strategic Municipal Trust

COMMON SHARES

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES

The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the common shares of The BlackRock Pennsylvania Strategic Municipal Trust (the "Trust") held of record by the undersigned on February 28, 2006 at the Annual Meeting of Shareholders of the Trust to be held on May 23, 2006 or at any adjournments or postponements thereof.

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSALS. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF.

PLEASE MARK BOXES IN BLUE OR BLACK INK.

SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE.

Telephone and Internet Voting Instructions

You can vote by telephone OR Internet! Available 24 hours a day 7 days a week! Instead of mailing your proxy, you may choose one of the two voting methods outlined below to vote your proxy.

To vote using the Internet
Call toll free 1-800-652-VOTE (8683)
in the United States or Canada any time on a
touch tone telephone. There is NO
CHARGE to you for the call. Follow the simple instructions provided
by the recorded message. Go to the following web site: WWW.COMPUTERSHARE.COM/EXPRESSVOTE Enter the information requested on
your computer screen and follow the simple
instructions.

If you vote by telephone or the Internet, please DO NOT mail back this proxy card. Proxies submitted by telephone or the Internet must be received by 1:00 a.m., Central Time, on May 23, 2006. THANK YOU FOR VOTING

The BlackRock Pennsylvania Strategic Municipal Trust

[ ]
changes to your
name or address details above.

Annual Meeting Proxy Card - Preferred Shares

A Election of Trustees

1. The Board of Trustees recommends a vote FOR the listed nominees. For Withhold For Withhold
01 - Andrew F. Brimmer [ ] [ ] 04 - Kathleen
F. Feldstein [ ] [ ]
02 - Richard E. Cavanagh [ ] [ ] 05 - Robert S.
Kapito [ ] [ ]
03 - Kent Dixon [ ] [ ] [ ] [ ]
B Issues
The Board of Trustees
recommends a vote FOR the
following proposal.
For Against Abstain
2. To amend the
Trust’s Declaration of Trust. [ ] [ ] [ ]
Mark this box with an X if you have made comments below [ ]

C Authorized Signatures - Sign Here - This section must be completed for your instructions to be executed.

Please be sure to sign and date this proxy. Please sign exactly as your name appears on this proxy. When shares are held by joint tenants, both should sign. When signing as attorney, executor, administrator, trustee, or guardian, please give full title as such. If a corporation, please sign in full corporate name by president or other authorized officer. If a partnership, please sign in partnership name by authorized person.

| Signature 1 - Please keep
signature within the box |
| --- |
| / / |

0 0 8 7 1 0 2 1 U P X C O Y

001CD40001 00JPYA

Proxy - The BlackRock Pennsylvania Strategic Municipal Trust

PREFERRED SHARES

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES

The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the preferred shares of The BlackRock Pennsylvania Strategic Municipal Trust (the "Trust") held of record by the undersigned on February 28, 2006 at the Annual Meeting of Shareholders of the Trust to be held on May 23, 2006 or at any adjournments or postponements thereof.

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSALS. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF.

PLEASE MARK BOXES IN BLUE OR BLACK INK.

SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE.

The BlackRock Strategic Municipal Trust

[ ]
changes to your name or address details above.

Annual Meeting Proxy Card - Common Shares

A Election of Trustees PLEASE REFER TO THE REVERSE SIDE FOR TELEPHONE AND INTERNET VOTING INSTRUCTIONS.

1. The Board of Trustees recommends a vote FOR the listed nominees. For Withhold For Withhold
01 - Andrew F. Brimmer [ ] [ ] 04 - Robert S. Kapito [ ] [ ]
02 - Richard E. Cavanagh [ ] [ ]
03 - Kent Dixon [ ] [ ]
B Issues
The Board of Trustees recommends a vote FOR the following proposals.
For Against Abstain
2. To amend the Trust’s Declaration of Trust. [ ] [ ] [ ]
3. To amend the Trust’s Certificate of Designation or Statement [ ] [ ] [ ]
of Preferences, as appropriate.
Mark this box with an X if you have made comments below [ ]

C Authorized Signatures - Sign Here - This section must be completed for your instructions to be executed.

Please be sure to sign and date this proxy. Please sign exactly as your name appears on this proxy. When shares are held by joint tenants, both should sign. When signing as attorney, executor, administrator, trustee, or guardian, please give full title as such. If a corporation, please sign in full corporate name by president or other authorized officer. If a partnership, please sign in partnership name by authorized person.

Signature 1 - Please keep signature within the box
/ /

0 0 8 7 0 8 1 1 U P X C O Y

001CD40001 00JQQA

Proxy - The BlackRock Strategic Municipal Trust

COMMON SHARES

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES

The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the common shares of The BlackRock Strategic Municipal Trust (the "Trust") held of record by the undersigned on February 28, 2006 at the Annual Meeting of Shareholders of the Trust to be held on May 23, 2006 or at any adjournments or postponements thereof.

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSALS. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF.

PLEASE MARK BOXES IN BLUE OR BLACK INK.

SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE.

Telephone and Internet Voting Instructions

You can vote by telephone OR Internet! Available 24 hours a day 7 days a week! Instead of mailing your proxy, you may choose one of the two voting methods outlined below to vote your proxy.

To vote using the Internet
Call toll free 1-800-652-VOTE (8683) in the United States or Canada any time on a touch tone telephone. There is NO CHARGE to you for the call. Follow the simple instructions provided by the recorded message. Go to the following web site: WWW.COMPUTERSHARE.COM/EXPRESSVOTE Enter the information requested on your computer screen and follow thesimple instructions.

If you vote by telephone or the Internet, please DO NOT mail back this proxy card. Proxies submitted by telephone or the Internet must be received by 1:00 a.m., Central Time, on May 23, 2006. THANK YOU FOR VOTING

The BlackRock Strategic Municipal Trust

[ ]
changes to your name or address details above.

Annual Meeting Proxy Card - Preferred Shares

A Election of Trustees

1. The Board of Trustees recommends a vote FOR the listed nominees. For Withhold For Withhold
01 - Andrew F. Brimmer [ ] [ ] 04 - Kathleen F. Feldstein [ ] [ ]
02 - Richard E. Cavanagh [ ] [ ] 05 - Robert S. Kapito [ ] [ ]
03 - Kent Dixon [ ] [ ]
B Issues
The Board of Trustees recommends a vote FOR the following proposals.
For Against Abstain
2. To amend the Trust’s Declaration of Trust. [ ] [ ] [ ]
3. To amend the Trust’s Certificate of Designation or Statement [ ] [ ] [ ]
of Preferences, as appropriate.
Mark this box with an X if you have made comments below [ ]

C Authorized Signatures - Sign Here - This section must be completed for your instructions to be executed.

Please be sure to sign and date this proxy. Please sign exactly as your name appears on this proxy. When shares are held by joint tenants, both should sign. When signing as attorney, executor, administrator, trustee, or guardian, please give full title as such. If a corporation, please sign in full corporate name by president or other authorized officer. If a partnership, please sign in partnership name by authorized person.

Signature 1 - Please keep signature within the box
/ /

0 0 8 7 0 8 2 1 U P X C O Y

001CD40001 00JQRA

Proxy - The BlackRock Strategic Municipal Trust

PREFERRED SHARES

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES

The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the preferred shares of The BlackRock Strategic Municipal Trust (the "Trust") held of record by the undersigned on February 28, 2006 at the Annual Meeting of Shareholders of the Trust to be held on May 23, 2006 or at any adjournments or postponements thereof.

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSALS. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF.

PLEASE MARK BOXES IN BLUE OR BLACK INK.

SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE.

BlackRock Florida Municipal Income Trust

[ ]
changes to your name or address details above.

Annual Meeting Proxy Card - Common Shares

A Election of Trustees
1. The Board of Trustees recommends a vote FOR the listed nominees.
For Withhold
01 - Richard E. Cavanagh [ ] [ ]
02 - Ralph L. Schlosstein [ ] [ ]
Mark this box with an X if you have made comments below [ ]

B Authorized Signatures - Sign Here - This section must be completed for your instructions to be executed.

Please be sure to sign and date this proxy. Please sign exactly as your name appears on this proxy. When shares are held by joint tenants, both should sign. When signing as attorney, executor, administrator, trustee, or guardian, please give full title as such. If a corporation, please sign in full corporate name by president or other authorized officer. If a partnership, please sign in partnership name by authorized person.

Signature 1 - Please keep signature within the box
/ /

0 0 8 7 0 0 1 1 U P X C O Y

001CD40001 00JRHA

Proxy - BlackRock Florida Municipal Income Trust

COMMON SHARES

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES

The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the common shares of the BlackRock Florida Municipal Income Trust (the "Trust") held of record by the undersigned on February 28, 2006 at the Annual Meeting of Shareholders of the Trust to be held on May 23, 2006 or at any adjournments or postponements thereof.

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF.

PLEASE MARK BOXES IN BLUE OR BLACK INK.

SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE.

Telephone and Internet Voting Instructions

You can vote by telephone OR Internet! Available 24 hours a day 7 days a week! Instead of mailing your proxy, you may choose one of the two voting methods outlined below to vote your proxy.

To vote using the Internet
Call toll free 1-800-652-VOTE (8683) in the United States or Canada any time on a touch tone telephone. There is NO CHARGE to you for the call. Follow the simple instructions provided by the recorded message. Go to the following web site: WWW.COMPUTERSHARE.COM/EXPRESSVOTE Enter the information requested on your computer screen and follow the simple instructions.

If you vote by telephone or the Internet, please DO NOT mail back this proxy card. Proxies submitted by telephone or the Internet must be received by 1:00 a.m., Central Time, on May 23, 2006. THANK YOU FOR VOTING

BlackRock Florida Municipal Income Trust

[ ]
changes to your name or address details above.

Annual Meeting Proxy Card - Preferred Shares

A Election of Trustees

  1. The Board of Trustees recommends a vote FOR the listed nominees.
For Withhold
01 - Richard E. Cavanagh [ ] [ ]
02 - Frank J. Fabozzi [ ] [ ]
03 - Kathleen F. Feldstein [ ] [ ]
04 - Ralph L. Schlosstein [ ] [ ]
Mark this box with an X if you have made comments below [ ]

B Authorized Signatures - Sign Here - This section must be completed for your instructions to be executed.

Please be sure to sign and date this proxy. Please sign exactly as your name appears on this proxy. When shares are held by joint tenants, both should sign. When signing as attorney, executor, administrator, trustee, or guardian, please give full title as such. If a corporation, please sign in full corporate name by president or other authorized officer. If a partnership, please sign in partnership name by authorized person.

Signature 1 - Please keep signature within the box
/ /

0 0 8 7 0 0 2 1 U P X C O Y

001CD40001 00JRIA

Proxy - BlackRock Florida Municipal Income Trust

PREFERRED SHARES

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES

The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the preferred shares of the BlackRock Florida Municipal Income Trust (the "Trust") held of record by the undersigned on February 28, 2006 at the Annual Meeting of Shareholders of the Trust to be held on May 23, 2006 or at any adjournments or postponements thereof.

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF.

PLEASE MARK BOXES IN BLUE OR BLACK INK.

SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE.

BlackRock Municipal Income Trust

[ ]
changes to your name or address details above.

Annual Meeting Proxy Card - Common Shares

A Election of Trustees
1. The Board of Trustees recommends a vote FOR the listed nominees.
For Withhold
01 - Richard E. Cavanagh [ ] [ ]
02 - Ralph L. Schlosstein [ ] [ ]
Mark this box with an X if you have made comments below [ ]

B Authorized Signatures - Sign Here - This section must be completed for your instructions to be executed.

Please be sure to sign and date this proxy. Please sign exactly as your name appears on this proxy. When shares are held by joint tenants, both should sign. When signing as attorney, executor, administrator, trustee, or guardian, please give full title as such. If a corporation, please sign in full corporate name by president or other authorized officer. If a partnership, please sign in partnership name by authorized person.

Signature 1 - Please keep signature within the box
/ /

0 0 8 6 9 9 1 1 U P X C O Y

001CD40001 00JREA

Proxy - BlackRock Municipal Income Trust

COMMON SHARES

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES

The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the common shares of the BlackRock Municipal Income Trust (the "Trust") held of record by the undersigned on February 28, 2006 at the Annual Meeting of Shareholders of the Trust to be held on May 23, 2006 or at any adjournments or postponements thereof.

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF.

PLEASE MARK BOXES IN BLUE OR BLACK INK.

SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE.

Telephone and Internet Voting Instructions

You can vote by telephone OR Internet! Available 24 hours a day 7 days a week! Instead of mailing your proxy, you may choose one of the two voting methods outlined below to vote your proxy.

To vote using the Internet
Call toll free 1-800-652-VOTE (8683) in the United States or Canada any time on a touch tone telephone. There is NO CHARGE to you for the call. Follow the simple instructions provided by the recorded message. Go to the following web site: WWW.COMPUTERSHARE.COM/EXPRESSVOTE Enter the information requested on your computer screen and follow the simple instructions.

If you vote by telephone or the Internet, please DO NOT mail back this proxy card. Proxies submitted by telephone or the Internet must be received by 1:00 a.m., Central Time, on May 23, 2006. THANK YOU FOR VOTING

BlackRock Municipal Income Trust

[ ]
changes to your name or address details above.

Annual Meeting Proxy Card - Preferred Shares

A Election of Trustees
1. The Board of Trustees recommends a vote FOR the listed nominees.
For Withhold
01 - Richard E. Cavanagh [ ] [ ]
02 - Frank J. Fabozzi [ ] [ ]
03 - Kathleen F. Feldstein [ ] [ ]
04 - Ralph L. Schlosstein [ ] [ ]
Mark this box with an X if you have made comments below [ ]

B Authorized Signatures - Sign Here - This section must be completed for your instructions to be executed.

Please be sure to sign and date this proxy. Please sign exactly as your name appears on this proxy. When shares are held by joint tenants, both should sign. When signing as attorney, executor, administrator, trustee, or guardian, please give full title as such. If a corporation, please sign in full corporate name by president or other authorized officer. If a partnership, please sign in partnership name by authorized person.

Signature 1 - Please keep signature within the box
/ /

0 0 8 6 9 9 2 1 U P X C O Y

001CD40001 00JRFA

Proxy - BlackRock Municipal Income Trust

PREFERRED SHARES

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES

The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the preferred shares of the BlackRock Municipal Income Trust (the "Trust") held of record by the undersigned on February 28, 2006 at the Annual Meeting of Shareholders of the Trust to be held on May 23, 2006 or at any adjournments or postponements thereof.

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF.

PLEASE MARK BOXES IN BLUE OR BLACK INK.

SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE.

BlackRock California Municipal Income Trust

[ ]
changes to your name or address details above.

Annual Meeting Proxy Card - Common Shares

A Election of Trustees
1. The Board of Trustees recommends a vote FOR the listed nominees.
For Withhold
01 - Richard E. Cavanagh [ ] [ ]
02 - Ralph L. Schlosstein [ ] [ ]
Mark this box with an X if you have made comments below [ ]

B Authorized Signatures - Sign Here - This section must be completed for your instructions to be executed.

Please be sure to sign and date this proxy. Please sign exactly as your name appears on this proxy. When shares are held by joint tenants, both should sign. When signing as attorney, executor, administrator, trustee, or guardian, please give full title as such. If a corporation, please sign in full corporate name by president or other authorized officer. If a partnership, please sign in partnership name by authorized person.

Signature 1 - Please keep signature within the box
/ /

0 0 8 6 9 8 1 1 U P X C O Y

001CD40001 00JRBA

Proxy - BlackRock California Municipal Income Trust

COMMON SHARES

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES

The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the common shares of the BlackRock California Municipal Income Trust (the "Trust") held of record by the undersigned on February 28, 2006 at the Annual Meeting of Shareholders of the Trust to be held on May 23, 2006 or at any adjournments or postponements thereof.

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF.

PLEASE MARK BOXES IN BLUE OR BLACK INK.

SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE.

Telephone and Internet Voting Instructions

You can vote by telephone OR Internet! Available 24 hours a day 7 days a week! Instead of mailing your proxy, you may choose one of the two voting methods outlined below to vote your proxy.

To vote using the Internet
Call toll free 1-800-652-VOTE (8683) in the United States or Canada any time on a touch tone telephone. There is NO CHARGE to you for the call. Follow the simple instructions provided by the recorded message. Go to the following web site: WWW.COMPUTERSHARE.COM/EXPRESSVOTE Enter the information requested on your computer screen and follow the simple instructions.

If you vote by telephone or the Internet, please DO NOT mail back this proxy card. Proxies submitted by telephone or the Internet must be received by 1:00 a.m., Central Time, on May 23, 2006. THANK YOU FOR VOTING

BlackRock California Municipal Income Trust

[ ]
changes to your name or address details above.

Annual Meeting Proxy Card - Preferred Shares

A Election of Trustees
1. The Board of Trustees recommends a vote FOR the listed nominees.
For Withhold
01 - Richard E. Cavanagh [ ] [ ]
02 - Frank J. Fabozzi [ ] [ ]
03 - Kathleen F. Feldstein [ ] [ ]
04 - Ralph L. Schlosstein [ ] [ ]
Mark this box with an X if you have made comments below [ ]

B Authorized Signatures - Sign Here - This section must be completed for your instructions to be executed.

Please be sure to sign and date this proxy. Please sign exactly as your name appears on this proxy. When shares are held by joint tenants, both should sign. When signing as attorney, executor, administrator, trustee, or guardian, please give full title as such. If a corporation, please sign in full corporate name by president or other authorized officer. If a partnership, please sign in partnership name by authorized person.

Signature 1 - Please keep signature within the box
/ /

0 0 8 6 9 8 2 1 U P X C O Y

001CD40001 00JRCA

Proxy - BlackRock California Municipal Income Trust

PREFERRED SHARES

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES

The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the preferred shares of the BlackRock California Municipal Income Trust (the "Trust") held of record by the undersigned on February 28, 2006 at the Annual Meeting of Shareholders of the Trust to be held on May 23, 2006 or at any adjournments or postponements thereof.

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF.

PLEASE MARK BOXES IN BLUE OR BLACK INK.

SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE.

BlackRock New Jersey Municipal Income Trust

[ ]
changes to your name or address details above.

Annual Meeting Proxy Card - Common Shares

A Election of Trustees
1. The Board of Trustees recommends a vote FOR the listed nominees.
For Withhold
01 - Richard E. Cavanagh [ ] [ ]
02 - Ralph L. Schlosstein [ ] [ ]
Mark this box with an X if you have made comments below [ ]

B Authorized Signatures - Sign Here - This section must be completed for your instructions to be executed.

Please be sure to sign and date this proxy. Please sign exactly as your name appears on this proxy. When shares are held by joint tenants, both should sign. When signing as attorney, executor, administrator, trustee, or guardian, please give full title as such. If a corporation, please sign in full corporate name by president or other authorized officer. If a partnership, please sign in partnership name by authorized person.

Signature 1 - Please keep signature within the box
/ /

0 0 8 7 0 1 1 1 U P X C O Y

001CD40001 00JRKA

Proxy - BlackRock New Jersey Municipal Income Trust

COMMON SHARES

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES

The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the common shares of the BlackRock New Jersey Municipal Income Trust (the "Trust") held of record by the undersigned on February 28, 2006 at the Annual Meeting of Shareholders of the Trust to be held on May 23, 2006 or at any adjournments or postponements thereof.

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF.

PLEASE MARK BOXES IN BLUE OR BLACK INK.

SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE.

Telephone and Internet Voting Instructions

You can vote by telephone OR Internet! Available 24 hours a day 7 days a week! Instead of mailing your proxy, you may choose one of the two voting methods outlined below to vote your proxy.

To vote using the Internet
Call toll free 1-800-652-VOTE (8683) in the United States or Canada any time on a touch tone telephone. There is NO CHARGE to you for the call. Follow the simple instructions provided by the recorded message. Go to the following web site: WWW.COMPUTERSHARE.COM/EXPRESSVOTE Enter the information requested on your computer screen and follow the simple instructions.

If you vote by telephone or the Internet, please DO NOT mail back this proxy card. Proxies submitted by telephone or the Internet must be received by 1:00 a.m., Central Time, on May 23, 2006. THANK YOU FOR VOTING

BlackRock New Jersey Municipal Income Trust

[ ]
changes to your name or address details above.

Annual Meeting Proxy Card - Preferred Shares

A Election of Trustees 1. The Board of Trustees recommends a vote FOR the listed nominees.

For Withhold
01 - Richard E. Cavanagh [ ] [ ]
02 - Frank J. Fabozzi [ ] [ ]
03 - Kathleen F. Feldstein [ ] [ ]
04 - Ralph L. Schlosstein [ ] [ ]
Mark this box with an X if you have made comments below [ ]

B Authorized Signatures - Sign Here - This section must be completed for your instructions to be executed.

Please be sure to sign and date this proxy. Please sign exactly as your name appears on this proxy. When shares are held by joint tenants, both should sign. When signing as attorney, executor, administrator, trustee, or guardian, please give full title as such. If a corporation, please sign in full corporate name by president or other authorized officer. If a partnership, please sign in partnership name by authorized person.

Signature 1 - Please keep signature within the box
/ /

0 0 8 7 0 1 2 1 U P X C O Y

001CD40001 00JRLA

Proxy - BlackRock New Jersey Municipal Income Trust

PREFERRED SHARES

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES

The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the preferred shares of the BlackRock New Jersey Municipal Income Trust (the "Trust") held of record by the undersigned on February 28, 2006 at the Annual Meeting of Shareholders of the Trust to be held on May 23, 2006 or at any adjournments or postponements thereof.

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF.

PLEASE MARK BOXES IN BLUE OR BLACK INK.

SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE.

BlackRock New York Municipal Income Trust

[ ]
changes to your name or address details above.

Annual Meeting Proxy Card - Common Shares

A Election of Trustees
1. The Board of Trustees recommends a vote FOR the listed nominees.
For Withhold
01 - Richard E. Cavanagh [ ] [ ]
02 - Ralph L. Schlosstein [ ] [ ]
Mark this box with an X if you have made comments below [ ]

B Authorized Signatures - Sign Here - This section must be completed for your instructions to be executed.

Please be sure to sign and date this proxy. Please sign exactly as your name appears on this proxy. When shares are held by joint tenants, both should sign. When signing as attorney, executor, administrator, trustee, or guardian, please give full title as such. If a corporation, please sign in full corporate name by president or other authorized officer. If a partnership, please sign in partnership name by authorized person.

Signature 1 - Please keep signature within the box
/ /

0 0 8 7 0 2 1 1 U P X C O Y

001CD40001 00JRNA

Proxy - BlackRock New York Municipal Income Trust

COMMON SHARES

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES

The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the common shares of the BlackRock New York Municipal Income Trust (the "Trust") held of record by the undersigned on February 28, 2006 at the Annual Meeting of Shareholders of the Trust to be held on May 23, 2006 or at any adjournments or postponements thereof.

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF.

PLEASE MARK BOXES IN BLUE OR BLACK INK.

SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE.

Telephone and Internet Voting Instructions

You can vote by telephone OR Internet! Available 24 hours a day 7 days a week! Instead of mailing your proxy, you may choose one of the two voting methods outlined below to vote your proxy.

To vote using the Internet
Call toll free 1-800-652-VOTE (8683) in the United States or Canada any time on a touch tone telephone. There is NO CHARGE to you for the call. Follow the simple instructions provided by the recorded message. Go to the following web site: WWW.COMPUTERSHARE.COM/EXPRESSVOTE Enter the information requested on your computer screen and follow the simple instructions.

If you vote by telephone or the Internet, please DO NOT mail back this proxy card. Proxies submitted by telephone or the Internet must be received by 1:00 a.m., Central Time, on May 23, 2006. THANK YOU FOR VOTING

BlackRock New York Municipal Income Trust

[ ]
changes to your name or address details above.

Annual Meeting Proxy Card - Preferred Shares A Election of Trustees 1. The Board of Trustees recommends a vote FOR the listed nominees.

For Withhold
01 - Richard E. Cavanagh [ ] [ ]
02 - Frank J. Fabozzi [ ] [ ]
03 - Kathleen F. Feldstein [ ] [ ]
04 - Ralph L. Schlosstein [ ] [ ]
Mark this box with an X if you have made comments below [ ]

B Authorized Signatures - Sign Here - This section must be completed for your instructions to be executed.

Please be sure to sign and date this proxy. Please sign exactly as your name appears on this proxy. When shares are held by joint tenants, both should sign. When signing as attorney, executor, administrator, trustee, or guardian, please give full title as such. If a corporation, please sign in full corporate name by president or other authorized officer. If a partnership, please sign in partnership name by authorized person.

Signature 1 - Please keep signature within the box
/ /

0 0 8 7 0 2 2 1 U P X C O Y

001CD40001 00JROA

Proxy - BlackRock New York Municipal Income Trust

PREFERRED SHARES

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES

The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the preferred shares of the BlackRock New York Municipal Income Trust (the "Trust") held of record by the undersigned on February 28, 2006 at the Annual Meeting of Shareholders of the Trust to be held on May 23, 2006 or at any adjournments or postponements thereof.

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF.

PLEASE MARK BOXES IN BLUE OR BLACK INK.

SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE.

BlackRock California Municipal 2018 Term Trust

[ ]
changes to your
name or address details above.

Annual Meeting Proxy Card - Common Shares

A Election of Trustees PLEASE REFER TO THE REVERSE SIDE FOR TELEPHONE AND INTERNET VOTING INSTRUCTIONS.

1. The Board of Trustees recommends a vote FOR the listed nominees. For Withhold
01 - Richard E. Cavanagh [ ] [ ]
02 - Ralph L. Schlosstein [ ] [ ]

Mark this box with an X if you have made comments below [ ]

B Authorized Signatures - Sign Here - This section must be completed for your instructions to be executed.

Please be sure to sign and date this proxy. Please sign exactly as your name appears on this proxy. When shares are held by joint tenants, both should sign. When signing as attorney, executor, administrator, trustee, or guardian, please give full title as such. If a corporation, please sign in full corporate name by president or other authorized officer. If a partnership, please sign in partnership name by authorized person.

| Signature 1 - Please keep
signature within the box |
| --- |
| / / |

0 0 8 6 9 3 1 1 U P X C O Y

001CD40001 00JKQA

Proxy - BlackRock California Municipal 2018 Term Trust

COMMON SHARES

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES

The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the common shares of the BlackRock California Municipal 2018 Term Trust (the "Trust") held of record by the undersigned on February 28, 2006 at the Annual Meeting of Shareholders of the Trust to be held on May 23, 2006 or at any adjournments or postponements thereof.

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF.

PLEASE MARK BOXES IN BLUE OR BLACK INK.

SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE.

Telephone and Internet Voting Instructions

You can vote by telephone OR Internet! Available 24 hours a day 7 days a week! Instead of mailing your proxy, you may choose one of the two voting methods outlined below to vote your proxy.

| ● | To
vote using the Internet |
| --- | --- |
| Call toll free 1-800-652-VOTE (8683)
in the United States or Canada any time on a
touch tone telephone. There is NO
CHARGE to you for the call. Follow the simple instructions provided
by the recorded message. | Go to the following web site: WWW.COMPUTERSHARE.COM/EXPRESSVOTE Enter the information requested on
your computer screen and follow the simple
instructions. |

If you vote by telephone or the Internet, please DO NOT mail back this proxy card. Proxies submitted by telephone or the Internet must be received by 1:00 a.m., Central Time, on May 23, 2006. THANK YOU FOR VOTING

BlackRock California Municipal 2018 Term Trust

[ ]
changes to your
name or address details above.

Annual Meeting Proxy Card - Preferred Shares

A Election of Trustees

1. The Board of Trustees recommends a vote FOR the listed nominees. For Withhold
01 - Richard E. Cavanagh [ ] [ ]
02 - Frank J. Fabozzi [ ] [ ]
03 - Kathleen F. Feldstein [ ] [ ]
04 - Ralph L. Schlosstein [ ] [ ]

Mark this box with an X if you have made comments below [ ]

B Authorized Signatures - Sign Here - This section must be completed for your instructions to be executed.

Please be sure to sign and date this proxy. Please sign exactly as your name appears on this proxy. When shares are held by joint tenants, both should sign. When signing as attorney, executor, administrator, trustee, or guardian, please give full title as such. If a corporation, please sign in full corporate name by president or other authorized officer. If a partnership, please sign in partnership name by authorized person.

| Signature 1 - Please keep
signature within the box |
| --- |
| / / |

0 0 8 6 9 3 2 1 U P X C O Y

001CD40001 00JKRA

Proxy - BlackRock California Municipal 2018 Term Trust

PREFERRED SHARES

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES

The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the preferred shares of the BlackRock California Municipal 2018 Term Trust (the "Trust") held of record by the undersigned on February 28, 2006 at the Annual Meeting of Shareholders of the Trust to be held on May 23, 2006 or at any adjournments or postponements thereof.

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF.

PLEASE MARK BOXES IN BLUE OR BLACK INK.

SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE.

BlackRock Municipal 2018 Term Trust

[ ]
changes to your name or address details above.

Annual Meeting Proxy Card - Common Shares

A Election of Trustees
1. The Board of Trustees recommends a vote FOR the listed nominees.
For Withhold
01 - Richard E. Cavanagh [ ] [ ]
02 - Ralph L. Schlosstein [ ] [ ]
Mark this box with an X if you have made comments below [ ]

B Authorized Signatures - Sign Here - This section must be completed for your instructions to be executed.

Please be sure to sign and date this proxy. Please sign exactly as your name appears on this proxy. When shares are held by joint tenants, both should sign. When signing as attorney, executor, administrator, trustee, or guardian, please give full title as such. If a corporation, please sign in full corporate name by president or other authorized officer. If a partnership, please sign in partnership name by authorized person.

Signature 1 - Please keep signature within the box
/ /

0 0 8 6 9 6 1 1 U P X C O Y

001CD40001 00JR8A

Proxy - BlackRock Municipal 2018 Term Trust

COMMON SHARES

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES

The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the common shares of the BlackRock Municipal 2018 Term Trust (the "Trust") held of record by the undersigned on February 28, 2006 at the Annual Meeting of Shareholders of the Trust to be held on May 23, 2006 or at any adjournments or postponements thereof.

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF.

PLEASE MARK BOXES IN BLUE OR BLACK INK.

SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE.

Telephone and Internet Voting Instructions

You can vote by telephone OR Internet! Available 24 hours a day 7 days a week! Instead of mailing your proxy, you may choose one of the two voting methods outlined below to vote your proxy.

To vote using the Internet
Call toll free 1-800-652-VOTE (8683) in the United States or Canada any time on a touch tone telephone. There is NO CHARGE to you for the call. Follow the simple instructions provided by the recorded message. Go to the following web site: WWW.COMPUTERSHARE.COM/EXPRESSVOTE Enter the information requested on your computer screen and follow the simple instructions.

If you vote by telephone or the Internet, please DO NOT mail back this proxy card. Proxies submitted by telephone or the Internet must be received by 1:00 a.m., Central Time, on May 23, 2006. THANK YOU FOR VOTING

BlackRock Municipal 2018 Term Trust

[ ]
changes to your name or address details above.

Annual Meeting Proxy Card - Preferred Shares A Election of Trustees 1. The Board of Trustees recommends a vote FOR the listed nominees.

For Withhold
01 - Richard E. Cavanagh [ ] [ ]
02 - Frank J. Fabozzi [ ] [ ]
03 - Kathleen F. Feldstein [ ] [ ]
04 - Ralph L. Schlosstein [ ] [ ]
Mark this box with an X if you have made comments below [ ]

B Authorized Signatures - Sign Here - This section must be completed for your instructions to be executed.

Please be sure to sign and date this proxy. Please sign exactly as your name appears on this proxy. When shares are held by joint tenants, both should sign. When signing as attorney, executor, administrator, trustee, or guardian, please give full title as such. If a corporation, please sign in full corporate name by president or other authorized officer. If a partnership, please sign in partnership name by authorized person.

Signature 1 - Please keep signature within the box
/ /

0 0 8 6 9 6 2 1 U P X C O Y

001CD40001 00JR9A

Proxy - BlackRock Municipal 2018 Term Trust

PREFERRED SHARES

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES

The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the preferred shares of the BlackRock Municipal 2018 Term Trust (the "Trust") held of record by the undersigned on February 28, 2006 at the Annual Meeting of Shareholders of the Trust to be held on May 23, 2006 or at any adjournments or postponements thereof.

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF.

PLEASE MARK BOXES IN BLUE OR BLACK INK.

SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE.

BlackRock New York Municipal 2018 Term Trust

[ ]
changes to your name or address details above.

Annual Meeting Proxy Card - Common Shares

A Election of Trustees
1. The Board of Trustees recommends a vote FOR the listed nominees.
For Withhold
01 - Richard E. Cavanagh [ ] [ ]
02 - Ralph L. Schlosstein [ ] [ ]
Mark this box with an X if you have made comments below [ ]

B Authorized Signatures - Sign Here - This section must be completed for your instructions to be executed.

Please be sure to sign and date this proxy. Please sign exactly as your name appears on this proxy. When shares are held by joint tenants, both should sign. When signing as attorney, executor, administrator, trustee, or guardian, please give full title as such. If a corporation, please sign in full corporate name by president or other authorized officer. If a partnership, please sign in partnership name by authorized person.

Signature 1 - Please keep signature within the box
/ /

0 0 8 6 9 4 1 1 U P X C O Y

001CD40001 00JR5A

Proxy - BlackRock New York Municipal 2018 Term Trust

COMMON SHARES

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES

The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the common shares of the BlackRock New York Municipal 2018 Term Trust (the "Trust") held of record by the undersigned on February 28, 2006 at the Annual Meeting of Shareholders of the Trust to be held on May 23, 2006 or at any adjournments or postponements thereof.

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF.

PLEASE MARK BOXES IN BLUE OR BLACK INK.

SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE.

Telephone and Internet Voting Instructions

You can vote by telephone OR Internet! Available 24 hours a day 7 days a week! Instead of mailing your proxy, you may choose one of the two voting methods outlined below to vote your proxy.

To vote using the Internet
Call toll free 1-800-652-VOTE (8683) in the United States or Canada any time on a touch tone telephone. There is NO CHARGE to you for the call. Follow the simple instructions provided by the recorded message. Go to the following web site: WWW.COMPUTERSHARE.COM/EXPRESSVOTE Enter the information requested on your computer screen and follow the simple instructions.

If you vote by telephone or the Internet, please DO NOT mail back this proxy card. Proxies submitted by telephone or the Internet must be received by 1:00 a.m., Central Time, on May 23, 2006. THANK YOU FOR VOTING

BlackRock New York Municipal 2018 Term Trust

[ ]
changes to your name or address details above.

Annual Meeting Proxy Card - Preferred Shares A Election of Trustees 1. The Board of Trustees recommends a vote FOR the listed nominees.

For Withhold
01 - Richard E. Cavanagh [ ] [ ]
02 - Frank J. Fabozzi [ ] [ ]
03 - Kathleen F. Feldstein [ ] [ ]
04 - Ralph L. Schlosstein [ ] [ ]
Mark this box with an X if you have made comments below [ ]

B Authorized Signatures - Sign Here - This section must be completed for your instructions to be executed.

Please be sure to sign and date this proxy. Please sign exactly as your name appears on this proxy. When shares are held by joint tenants, both should sign. When signing as attorney, executor, administrator, trustee, or guardian, please give full title as such. If a corporation, please sign in full corporate name by president or other authorized officer. If a partnership, please sign in partnership name by authorized person.

Signature 1 - Please keep signature within the box
/ /

0 0 8 6 9 4 2 1 U P X C O Y

001CD40001 00JR6A

Proxy - BlackRock New York Municipal 2018 Term Trust

PREFERRED SHARES

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES

The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the preferred shares of the BlackRock New York Municipal 2018 Term Trust (the "Trust") held of record by the undersigned on February 28, 2006 at the Annual Meeting of Shareholders of the Trust to be held on May 23, 2006 or at any adjournments or postponements thereof.

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF.

PLEASE MARK BOXES IN BLUE OR BLACK INK.

SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE.

BlackRock Core Bond Trust

[ ]
changes to your
name or address details above.

Annual Meeting Proxy Card - Common Shares

A Election of Trustees PLEASE REFER TO THE REVERSE SIDE FOR TELEPHONE AND INTERNET VOTING INSTRUCTIONS.

1. The Board of Trustees recommends a vote FOR the listed nominees. For Withhold
01 - Frank J. Fabozzi [ ] [ ]
02 - Kathleen F. Feldstein [ ] [ ]
03 - Ralph L. Schlosstein [ ] [ ]

Mark this box with an X if you have made comments below [ ]

B Authorized Signatures - Sign Here - This section must be completed for your instructions to be executed.

Please be sure to sign and date this proxy. Please sign exactly as your name appears on this proxy. When shares are held by joint tenants, both should sign. When signing as attorney, executor, administrator, trustee, or guardian, please give full title as such. If a corporation, please sign in full corporate name by president or other authorized officer. If a partnership, please sign in partnership name by authorized person.

| Signature 1 - Please keep
signature within the box |
| --- |
| / / |

0 0 8 7 0 4 1 1 U P X C O Y

001CD40001 00JLJA

Proxy - BlackRock Core Bond Trust

COMMON SHARES

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES

The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the common shares of the BlackRock Core Bond Trust (the "Trust") held of record by the undersigned on February 28, 2006 at the Annual Meeting of Shareholders of the Trust to be held on May 23, 2006 or at any adjournments or postponements thereof.

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF.

PLEASE MARK BOXES IN BLUE OR BLACK INK.

SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE.

Telephone and Internet Voting Instructions

You can vote by telephone OR Internet! Available 24 hours a day 7 days a week! Instead of mailing your proxy, you may choose one of the two voting methods outlined below to vote your proxy.

| ● | To
vote using the Internet |
| --- | --- |
| Call toll free 1-800-652-VOTE (8683)
in the United States or Canada any time on a
touch tone telephone. There is NO
CHARGE to you for the call. Follow the simple instructions provided
by the recorded message. | Go to the following web site: WWW.COMPUTERSHARE.COM/EXPRESSVOTE Enter the information requested on
your computer screen and follow the simple
instructions. |

If you vote by telephone or the Internet, please DO NOT mail back this proxy card. Proxies submitted by telephone or the Internet must be received by 1:00 a.m., Central Time, on May 23, 2006. THANK YOU FOR VOTING

BlackRock Strategic Bond Trust

[ ]
changes to your
name or address details above.

Annual Meeting Proxy Card - Common Shares

A Election of Trustees PLEASE REFER TO THE REVERSE SIDE FOR TELEPHONE AND INTERNET VOTING INSTRUCTIONS.

1. The Board of Trustees recommends a vote FOR the listed nominees. For Withhold
01 - Frank J. Fabozzi [ ] [ ]
02 - Kathleen F. Feldstein [ ] [ ]
03 - Ralph L. Schlosstein [ ] [ ]
Mark this box with an X if you have made comments below [ ]

B Authorized Signatures - Sign Here - This section must be completed for your instructions to be executed.

Please be sure to sign and date this proxy. Please sign exactly as your name appears on this proxy. When shares are held by joint tenants, both should sign. When signing as attorney, executor, administrator, trustee, or guardian, please give full title as such. If a corporation, please sign in full corporate name by president or other authorized officer. If a partnership, please sign in partnership name by authorized person.

Signature 1 - Please keep signature within the box
/ /

0 0 8 7 0 5 1 1 U P X C O Y

001CD40001 00JQTA

Proxy - BlackRock Strategic Bond Trust

COMMON SHARES

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES

The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the common shares of the BlackRock Strategic Bond Trust (the "Trust") held of record by the undersigned on February 28, 2006 at the Annual Meeting of Shareholders of the Trust to be held on May 23, 2006 or at any adjournments or postponements thereof.

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF.

PLEASE MARK BOXES IN BLUE OR BLACK INK.

SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE.

Telephone and Internet Voting Instructions

You can vote by telephone OR Internet! Available 24 hours a day 7 days a week! Instead of mailing your proxy, you may choose one of the two voting methods outlined below to vote your proxy.

| ● | To
vote using the Internet |
| --- | --- |
| Call toll free 1-800-652-VOTE (8683)
in the United States or Canada any time on a
touch tone telephone. There is NO
CHARGE to you for the call. Follow the simple instructions provided
by the recorded message. | Go to the following web site: WWW.COMPUTERSHARE.COM/EXPRESSVOTE Enter the information requested on
your computer screen and follow the simple
instructions. |

If you vote by telephone or the Internet, please DO NOT mail back this proxy card. Proxies submitted by telephone or the Internet must be received by 1:00 a.m., Central Time, on May 23, 2006. THANK YOU FOR VOTING

BlackRock Municipal Bond Trust

[ ]
changes to your
name or address details above.

Annual Meeting Proxy Card - Common Shares

A Election of Trustees PLEASE REFER TO THE REVERSE SIDE FOR TELEPHONE AND INTERNET VOTING INSTRUCTIONS.

1. The Board of Trustees recommends a vote FOR the listed nominees. For Withhold
01 - Richard E. Cavanagh [ ] [ ]
02 - R. Glenn Hubbard [ ] [ ]
Mark this box with an X if you have made comments below [ ]

B Authorized Signatures - Sign Here - This section must be completed for your instructions to be executed.

Please be sure to sign and date this proxy. Please sign exactly as your name appears on this proxy. When shares are held by joint tenants, both should sign. When signing as attorney, executor, administrator, trustee, or guardian, please give full title as such. If a corporation, please sign in full corporate name by president or other authorized officer. If a partnership, please sign in partnership name by authorized person.

Signature 1 - Please keep signature within the box
/ /

0 0 8 6 8 3 1 1 U P X C O Y

001CD40001 00JSEA

Proxy - BlackRock Municipal Bond Trust

COMMON SHARES

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES

The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the common shares of the BlackRock Municipal Bond Trust (the "Trust") held of record by the undersigned on February 28, 2006 at the Annual Meeting of Shareholders of the Trust to be held on May 23, 2006 or at any adjournments or postponements thereof.

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF.

PLEASE MARK BOXES IN BLUE OR BLACK INK.

SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE.

Telephone and Internet Voting Instructions

You can vote by telephone OR Internet! Available 24 hours a day 7 days a week! Instead of mailing your proxy, you may choose one of the two voting methods outlined below to vote your proxy.

| ● | To
vote using the Internet |
| --- | --- |
| Call toll free 1-800-652-VOTE (8683)
in the United States or Canada any time on a
touch tone telephone. There is NO
CHARGE to you for the call. Follow the simple instructions provided
by the recorded message. | Go to the following web site: WWW.COMPUTERSHARE.COM/EXPRESSVOTE Enter the information requested on
your computer screen and follow the simple
instructions. |

If you vote by telephone or the Internet, please DO NOT mail back this proxy card. Proxies submitted by telephone or the Internet must be received by 1:00 a.m., Central Time, on May 23, 2006. THANK YOU FOR VOTING

BlackRock Municipal Bond Trust

[ ]
changes to your
name or address details above.

Annual Meeting Proxy Card - Preferred Shares

A Election of Trustees

1. The Board of Trustees recommends a vote FOR the listed nominees. For Withhold
01 - Richard E. Cavanagh [ ] [ ]
02 - Kathleen F. Feldstein [ ] [ ]
03 - R. Glenn Hubbard [ ] [ ]
Mark this box with an X if you have made comments below [ ]

B Authorized Signatures - Sign Here - This section must be completed for your instructions to be executed.

Please be sure to sign and date this proxy. Please sign exactly as your name appears on this proxy. When shares are held by joint tenants, both should sign. When signing as attorney, executor, administrator, trustee, or guardian, please give full title as such. If a corporation, please sign in full corporate name by president or other authorized officer. If a partnership, please sign in partnership name by authorized person.

Signature 1 - Please keep signature within the box
/ /

0 0 8 6 8 3 2 1 U P X C O Y

001CD40001 00JSFA

Proxy - BlackRock Municipal Bond Trust

PREFERRED SHARES

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES

The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the preferred shares of the BlackRock Municipal Bond Trust (the "Trust") held of record by the undersigned on February 28, 2006 at the Annual Meeting of Shareholders of the Trust to be held on May 23, 2006 or at any adjournments or postponements thereof.

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF.

PLEASE MARK BOXES IN BLUE OR BLACK INK.

SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE.

BlackRock California Municipal Bond Trust

[ ]
changes to your
name or address details above.

Annual Meeting Proxy Card - Common Shares

A Election of Trustees PLEASE REFER TO THE REVERSE SIDE FOR TELEPHONE AND INTERNET VOTING INSTRUCTIONS.

1. The Board of Trustees recommends a vote FOR the listed nominees. For Withhold
01 - Richard E. Cavanagh [ ] [ ]
02 - R. Glenn Hubbard [ ] [ ]
Mark this box with an X if you have made comments below [ ]

B Authorized Signatures - Sign Here - This section must be completed for your instructions to be executed.

Please be sure to sign and date this proxy. Please sign exactly as your name appears on this proxy. When shares are held by joint tenants, both should sign. When signing as attorney, executor, administrator, trustee, or guardian, please give full title as such. If a corporation, please sign in full corporate name by president or other authorized officer. If a partnership, please sign in partnership name by authorized person.

Signature 1 - Please keep signature within the box
/ /

0 0 8 6 8 2 1 1 U P X C O Y

001CD40001 00JSBA

Proxy - BlackRock California Municipal Bond Trust

COMMON SHARES

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES

The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the common shares of the BlackRock California Municipal Bond Trust (the "Trust") held of record by the undersigned on February 28, 2006 at the Annual Meeting of Shareholders of the Trust to be held on May 23, 2006 or at any adjournments or postponements thereof.

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF.

PLEASE MARK BOXES IN BLUE OR BLACK INK.

SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE.

Telephone and Internet Voting Instructions

You can vote by telephone OR Internet! Available 24 hours a day 7 days a week! Instead of mailing your proxy, you may choose one of the two voting methods outlined below to vote your proxy.

| ● | To
vote using the Internet |
| --- | --- |
| Call toll free 1-800-652-VOTE (8683)
in the United States or Canada any time on a
touch tone telephone. There is NO
CHARGE to you for the call. Follow the simple instructions provided
by the recorded message. | Go to the following web site: WWW.COMPUTERSHARE.COM/EXPRESSVOTE Enter the information requested on
your computer screen and follow the simple
instructions. |

If you vote by telephone or the Internet, please DO NOT mail back this proxy card. Proxies submitted by telephone or the Internet must be received by 1:00 a.m., Central Time, on May 23, 2006. THANK YOU FOR VOTING

BlackRock California Municipal Bond Trust

[ ]
changes to your
name or address details above.

Annual Meeting Proxy Card - Preferred Shares

A Election of Trustees

1. The Board of Trustees recommends a vote FOR the listed nominees. For Withhold
01 - Richard E. Cavanagh [ ] [ ]
02 - Kathleen F. Feldstein [ ] [ ]
03 - R. Glenn Hubbard [ ] [ ]
Mark this box with an X if you have made comments below [ ]

B Authorized Signatures - Sign Here - This section must be completed for your instructions to be executed.

Please be sure to sign and date this proxy. Please sign exactly as your name appears on this proxy. When shares are held by joint tenants, both should sign. When signing as attorney, executor, administrator, trustee, or guardian, please give full title as such. If a corporation, please sign in full corporate name by president or other authorized officer. If a partnership, please sign in partnership name by authorized person.

Signature 1 - Please keep signature within the box
/ /

0 0 8 6 8 2 2 1 U P X C O Y

001CD40001 00JSDA

Proxy - BlackRock California Municipal Bond Trust

PREFERRED SHARES

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES

The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the preferred shares of the BlackRock California Municipal Bond Trust (the "Trust") held of record by the undersigned on February 28, 2006 at the Annual Meeting of Shareholders of the Trust to be held on May 23, 2006 or at any adjournments or postponements thereof.

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF.

PLEASE MARK BOXES IN BLUE OR BLACK INK.

SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE.

BlackRock Florida Municipal Bond Trust

[ ]
changes to your
name or address details above.

Annual Meeting Proxy Card - Common Shares

A Election of Trustees PLEASE REFER TO THE REVERSE SIDE FOR TELEPHONE AND INTERNET VOTING INSTRUCTIONS.

1. The Board of Trustees recommends a vote FOR the listed nominees. For Withhold
01 - Richard E. Cavanagh [ ] [ ]
02 - R. Glenn Hubbard [ ] [ ]
Mark this box with an X if you have made comments below [ ]

B Authorized Signatures - Sign Here - This section must be completed for your instructions to be executed.

Please be sure to sign and date this proxy. Please sign exactly as your name appears on this proxy. When shares are held by joint tenants, both should sign. When signing as attorney, executor, administrator, trustee, or guardian, please give full title as such. If a corporation, please sign in full corporate name by president or other authorized officer. If a partnership, please sign in partnership name by authorized person.

Signature 1 - Please keep signature within the box
/ /

0 0 8 6 8 5 1 1 U P X C O Y

001CD40001 00JSHA

Proxy - BlackRock Florida Municipal Bond Trust

COMMON SHARES

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES

The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the common shares of the BlackRock Florida Municipal Bond Trust (the "Trust") held of record by the undersigned on February 28, 2006 at the Annual Meeting of Shareholders of the Trust to be held on May 23, 2006 or at any adjournments or postponements thereof.

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF.

PLEASE MARK BOXES IN BLUE OR BLACK INK.

SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE.

Telephone and Internet Voting Instructions

You can vote by telephone OR Internet! Available 24 hours a day 7 days a week! Instead of mailing your proxy, you may choose one of the two voting methods outlined below to vote your proxy.

| ● | To
vote using the Internet |
| --- | --- |
| Call toll free 1-800-652-VOTE (8683)
in the United States or Canada any time on a
touch tone telephone. There is NO
CHARGE to you for the call. Follow the simple instructions provided
by the recorded message. | Go to the following web site: WWW.COMPUTERSHARE.COM/EXPRESSVOTE Enter the information requested on
your computer screen and follow the simple
instructions. |

If you vote by telephone or the Internet, please DO NOT mail back this proxy card. Proxies submitted by telephone or the Internet must be received by 1:00 a.m., Central Time, on May 23, 2006. THANK YOU FOR VOTING

BlackRock Florida Municipal Bond Trust

[ ]
changes to your
name or address details above.

Annual Meeting Proxy Card - Preferred Shares

A Election of Trustees

1. The Board of Trustees recommends a vote FOR the listed nominees. For Withhold
01 - Richard E. Cavanagh [ ] [ ]
02 - Kathleen F. Feldstein [ ] [ ]
03 - R. Glenn Hubbard [ ] [ ]
Mark this box with an X if you have made comments below [ ]

B Authorized Signatures - Sign Here - This section must be completed for your instructions to be executed.

Please be sure to sign and date this proxy. Please sign exactly as your name appears on this proxy. When shares are held by joint tenants, both should sign. When signing as attorney, executor, administrator, trustee, or guardian, please give full title as such. If a corporation, please sign in full corporate name by president or other authorized officer. If a partnership, please sign in partnership name by authorized person.

Signature 1 - Please keep signature within the box
/ /

0 0 8 6 8 5 2 1 U P X C O Y

001CD40001 00JSIA

Proxy - BlackRock Florida Municipal Bond Trust

PREFERRED SHARES

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES

The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the preferred shares of the BlackRock Florida Municipal Bond Trust (the "Trust") held of record by the undersigned on February 28, 2006 at the Annual Meeting of Shareholders of the Trust to be held on May 23, 2006 or at any adjournments or postponements thereof.

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF.

PLEASE MARK BOXES IN BLUE OR BLACK INK.

SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE.

BlackRock Maryland Municipal Bond Trust

[ ]
changes to your
name or address details above.

Annual Meeting Proxy Card - Common Shares

A Election of Trustees PLEASE REFER TO THE REVERSE SIDE FOR TELEPHONE AND INTERNET VOTING INSTRUCTIONS.

1. The Board of Trustees recommends a vote FOR the listed nominees. For Withhold
01 - Richard E. Cavanagh [ ] [ ]
02 - R. Glenn Hubbard [ ] [ ]
Mark this box with an X if you have made comments below [ ]

B Authorized Signatures - Sign Here - This section must be completed for your instructions to be executed.

Please be sure to sign and date this proxy. Please sign exactly as your name appears on this proxy. When shares are held by joint tenants, both should sign. When signing as attorney, executor, administrator, trustee, or guardian, please give full title as such. If a corporation, please sign in full corporate name by president or other authorized officer. If a partnership, please sign in partnership name by authorized person.

Signature 1 - Please keep signature within the box
/ /

0 0 8 6 8 8 1 1 U P X C O Y

001CD40001 00JSQA

Proxy - BlackRock Maryland Municipal Bond Trust

COMMON SHARES

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES

The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the common shares of the BlackRock Maryland Municipal Bond Trust (the "Trust") held of record by the undersigned on February 28, 2006 at the Annual Meeting of Shareholders of the Trust to be held on May 23, 2006 or at any adjournments or postponements thereof.

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF.

PLEASE MARK BOXES IN BLUE OR BLACK INK.

SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE.

Telephone and Internet Voting Instructions

You can vote by telephone OR Internet! Available 24 hours a day 7 days a week! Instead of mailing your proxy, you may choose one of the two voting methods outlined below to vote your proxy.

| ● | To
vote using the Internet |
| --- | --- |
| Call toll free 1-800-652-VOTE (8683)
in the United States or Canada any time on a
touch tone telephone. There is NO
CHARGE to you for the call. Follow the simple instructions provided
by the recorded message. | Go to the following web site: WWW.COMPUTERSHARE.COM/EXPRESSVOTE Enter the information requested on
your computer screen and follow the simple
instructions. |

If you vote by telephone or the Internet, please DO NOT mail back this proxy card. Proxies submitted by telephone or the Internet must be received by 1:00 a.m., Central Time, on May 23, 2006. THANK YOU FOR VOTING

BlackRock Maryland Municipal Bond Trust

[ ]
changes to your
name or address details above.

Annual Meeting Proxy Card - Preferred Shares

A Election of Trustees

1. The Board of Trustees recommends a vote FOR the listed nominees. For Withhold
01 - Richard E. Cavanagh [ ] [ ]
02 - Kathleen F. Feldstein [ ] [ ]
03 - R. Glenn Hubbard [ ] [ ]
Mark this box with an X if you have made comments below [ ]

B Authorized Signatures - Sign Here - This section must be completed for your instructions to be executed.

Please be sure to sign and date this proxy. Please sign exactly as your name appears on this proxy. When shares are held by joint tenants, both should sign. When signing as attorney, executor, administrator, trustee, or guardian, please give full title as such. If a corporation, please sign in full corporate name by president or other authorized officer. If a partnership, please sign in partnership name by authorized person.

Signature 1 - Please keep signature within the box
/ /

0 0 8 6 8 8 2 1 U P X C O Y

001CD40001 00JSRA

Proxy - BlackRock Maryland Municipal Bond Trust

PREFERRED SHARES

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES

The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the preferred shares of the BlackRock Maryland Municipal Bond Trust (the "Trust") held of record by the undersigned on February 28, 2006 at the Annual Meeting of Shareholders of the Trust to be held on May 23, 2006 or at any adjournments or postponements thereof.

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF.

PLEASE MARK BOXES IN BLUE OR BLACK INK.

SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE.

BlackRock New Jersey Municipal Bond Trust

[ ]
changes to your
name or address details above.

Annual Meeting Proxy Card - Common Shares

A Election of Trustees PLEASE REFER TO THE REVERSE SIDE FOR TELEPHONE AND INTERNET VOTING INSTRUCTIONS.

1. The Board of Trustees recommends a vote FOR the listed nominees. For Withhold
01 - Richard E. Cavanagh [ ] [ ]
02 - R. Glenn Hubbard [ ] [ ]
Mark this box with an X if you have made comments below [ ]

B Authorized Signatures - Sign Here - This section must be completed for your instructions to be executed.

Please be sure to sign and date this proxy. Please sign exactly as your name appears on this proxy. When shares are held by joint tenants, both should sign. When signing as attorney, executor, administrator, trustee, or guardian, please give full title as such. If a corporation, please sign in full corporate name by president or other authorized officer. If a partnership, please sign in partnership name by authorized person.

Signature 1 - Please keep signature within the box
/ /

0 0 8 6 8 6 1 1 U P X C O Y

001CD40001 00JSKA

Proxy - BlackRock New Jersey Municipal Bond Trust

COMMON SHARES

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES

The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the common shares of the BlackRock New Jersey Municipal Bond Trust (the "Trust") held of record by the undersigned on February 28, 2006 at the Annual Meeting of Shareholders of the Trust to be held on May 23, 2006 or at any adjournments or postponements thereof.

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF.

PLEASE MARK BOXES IN BLUE OR BLACK INK.

SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE.

Telephone and Internet Voting Instructions

You can vote by telephone OR Internet! Available 24 hours a day 7 days a week! Instead of mailing your proxy, you may choose one of the two voting methods outlined below to vote your proxy.

| ● | To
vote using the Internet |
| --- | --- |
| Call toll free 1-800-652-VOTE (8683)
in the United States or Canada any time on a
touch tone telephone. There is NO
CHARGE to you for the call. Follow the simple instructions provided
by the recorded message. | Go to the following web site: WWW.COMPUTERSHARE.COM/EXPRESSVOTE Enter the information requested on
your computer screen and follow the simple
instructions. |

If you vote by telephone or the Internet, please DO NOT mail back this proxy card. Proxies submitted by telephone or the Internet must be received by 1:00 a.m., Central Time, on May 23, 2006. THANK YOU FOR VOTING

BlackRock New Jersey Municipal Bond Trust

[ ]
changes to your
name or address details above.

Annual Meeting Proxy Card - Preferred Shares

A Election of Trustees

1. The Board of Trustees recommends a vote FOR the listed nominees. For Withhold
01 - Richard E. Cavanagh [ ] [ ]
02 - Kathleen F. Feldstein [ ] [ ]
03 - R. Glenn Hubbard [ ] [ ]
Mark this box with an X if you have made comments below [ ]

B Authorized Signatures - Sign Here - This section must be completed for your instructions to be executed.

Please be sure to sign and date this proxy. Please sign exactly as your name appears on this proxy. When shares are held by joint tenants, both should sign. When signing as attorney, executor, administrator, trustee, or guardian, please give full title as such. If a corporation, please sign in full corporate name by president or other authorized officer. If a partnership, please sign in partnership name by authorized person.

Signature 1 - Please keep signature within the box
/ /

0 0 8 6 8 6 2 1 U P X C O Y

001CD40001 00JSLA

Proxy - BlackRock New Jersey Municipal Bond Trust

PREFERRED SHARES

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES

The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the preferred shares of the BlackRock New Jersey Municipal Bond Trust (the "Trust") held of record by the undersigned on February 28, 2006 at the Annual Meeting of Shareholders of the Trust to be held on May 23, 2006 or at any adjournments or postponements thereof.

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF.

PLEASE MARK BOXES IN BLUE OR BLACK INK.

SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE.

BlackRock New York Municipal Bond Trust

[ ]
changes to your
name or address details above.

Annual Meeting Proxy Card - Common Shares

A Election of Trustees PLEASE REFER TO THE REVERSE SIDE FOR TELEPHONE AND INTERNET VOTING INSTRUCTIONS.

1. The Board of Trustees recommends a vote FOR the listed nominees. For Withhold
01 - Richard E. Cavanagh [ ] [ ]
02 - R. Glenn Hubbard [ ] [ ]
Mark this box with an X if you have made comments below [ ]

B Authorized Signatures - Sign Here - This section must be completed for your instructions to be executed.

Please be sure to sign and date this proxy. Please sign exactly as your name appears on this proxy. When shares are held by joint tenants, both should sign. When signing as attorney, executor, administrator, trustee, or guardian, please give full title as such. If a corporation, please sign in full corporate name by president or other authorized officer. If a partnership, please sign in partnership name by authorized person.

Signature 1 - Please keep signature within the box
/ /

0 0 8 6 8 7 1 1 U P X C O Y

001CD40001 00JSNA

Proxy - BlackRock New York Municipal Bond Trust

COMMON SHARES

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES

The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the common shares of the BlackRock New York Municipal Bond Trust (the "Trust") held of record by the undersigned on February 28, 2006 at the Annual Meeting of Shareholders of the Trust to be held on May 23, 2006 or at any adjournments or postponements thereof.

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF.

PLEASE MARK BOXES IN BLUE OR BLACK INK.

SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE.

Telephone and Internet Voting Instructions

You can vote by telephone OR Internet! Available 24 hours a day 7 days a week! Instead of mailing your proxy, you may choose one of the two voting methods outlined below to vote your proxy.

| ● | To
vote using the Internet |
| --- | --- |
| Call toll free 1-800-652-VOTE (8683)
in the United States or Canada any time on a
touch tone telephone. There is NO
CHARGE to you for the call. Follow the simple instructions provided
by the recorded message. | Go to the following web site: WWW.COMPUTERSHARE.COM/EXPRESSVOTE Enter the information requested on
your computer screen and follow the simple
instructions. |

If you vote by telephone or the Internet, please DO NOT mail back this proxy card. Proxies submitted by telephone or the Internet must be received by 1:00 a.m., Central Time, on May 23, 2006. THANK YOU FOR VOTING

BlackRock New York Municipal Bond Trust

[ ]
changes to your
name or address details above.

Annual Meeting Proxy Card - Preferred Shares

A Election of Trustees

1. The Board of Trustees recommends a vote FOR the listed nominees. For Withhold
01 - Richard E. Cavanagh [ ] [ ]
02 - Kathleen F. Feldstein [ ] [ ]
03 - R. Glenn Hubbard [ ] [ ]
Mark this box with an X if you have made comments below [ ]

B Authorized Signatures - Sign Here - This section must be completed for your instructions to be executed.

Please be sure to sign and date this proxy. Please sign exactly as your name appears on this proxy. When shares are held by joint tenants, both should sign. When signing as attorney, executor, administrator, trustee, or guardian, please give full title as such. If a corporation, please sign in full corporate name by president or other authorized officer. If a partnership, please sign in partnership name by authorized person.

Signature 1 - Please keep signature within the box
/ /

0 0 8 6 8 7 2 1 U P X C O Y

001CD40001 00JSOA

Proxy - BlackRock New York Municipal Bond Trust

PREFERRED SHARES

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES

The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the preferred shares of the BlackRock New York Municipal Bond Trust (the "Trust") held of record by the undersigned on February 28, 2006 at the Annual Meeting of Shareholders of the Trust to be held on May 23, 2006 or at any adjournments or postponements thereof.

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF.

PLEASE MARK BOXES IN BLUE OR BLACK INK.

SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE.

BlackRock Virginia Municipal Bond Trust

[ ]
changes to your
name or address details above.

Annual Meeting Proxy Card - Common Shares

A Election of Trustees PLEASE REFER TO THE REVERSE SIDE FOR TELEPHONE AND INTERNET VOTING INSTRUCTIONS.

1. The Board of Trustees recommends a vote FOR the listed nominees. For Withhold
01 - Richard E. Cavanagh [ ] [ ]
02 - R. Glenn Hubbard [ ] [ ]
Mark this box with an X if you have made comments below [ ]

B Authorized Signatures - Sign Here - This section must be completed for your instructions to be executed.

Please be sure to sign and date this proxy. Please sign exactly as your name appears on this proxy. When shares are held by joint tenants, both should sign. When signing as attorney, executor, administrator, trustee, or guardian, please give full title as such. If a corporation, please sign in full corporate name by president or other authorized officer. If a partnership, please sign in partnership name by authorized person.

Signature 1 - Please keep signature within the box
/ /

0 0 8 6 9 0 1 1 U P X C O Y

001CD40001 00JSTA

Proxy - BlackRock Virginia Municipal Bond Trust

COMMON SHARES

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES

The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the common shares of the BlackRock Virginia Municipal Bond Trust (the "Trust") held of record by the undersigned on February 28, 2006 at the Annual Meeting of Shareholders of the Trust to be held on May 23, 2006 or at any adjournments or postponements thereof.

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF.

PLEASE MARK BOXES IN BLUE OR BLACK INK.

SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE.

Telephone and Internet Voting Instructions

You can vote by telephone OR Internet! Available 24 hours a day 7 days a week! Instead of mailing your proxy, you may choose one of the two voting methods outlined below to vote your proxy.

| ● | To
vote using the Internet |
| --- | --- |
| Call toll free 1-800-652-VOTE (8683)
in the United States or Canada any time on a
touch tone telephone. There is NO
CHARGE to you for the call. Follow the simple instructions provided
by the recorded message. | Go to the following web site: WWW.COMPUTERSHARE.COM/EXPRESSVOTE Enter the information requested on
your computer screen and follow the simple
instructions. |

If you vote by telephone or the Internet, please DO NOT mail back this proxy card. Proxies submitted by telephone or the Internet must be received by 1:00 a.m., Central Time, on May 23, 2006. THANK YOU FOR VOTING

BlackRock Virginia Municipal Bond Trust

[ ]
changes to your
name or address details above.

Annual Meeting Proxy Card - Preferred Shares

A Election of Trustees

1. The Board of Trustees recommends a vote FOR the listed nominees. For Withhold
01 - Richard E. Cavanagh [ ] [ ]
02 - Kathleen F. Feldstein [ ] [ ]
03 - R. Glenn Hubbard [ ] [ ]
Mark this box with an X if you have made comments below [ ]

B Authorized Signatures - Sign Here - This section must be completed for your instructions to be executed.

Please be sure to sign and date this proxy. Please sign exactly as your name appears on this proxy. When shares are held by joint tenants, both should sign. When signing as attorney, executor, administrator, trustee, or guardian, please give full title as such. If a corporation, please sign in full corporate name by president or other authorized officer. If a partnership, please sign in partnership name by authorized person.

Signature 1 - Please keep signature within the box
/ /

0 0 8 6 9 0 2 1 U P X C O Y

001CD40001 00JSUA

Proxy - BlackRock Virginia Municipal Bond Trust

PREFERRED SHARES

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES

The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the preferred shares of the BlackRock Virginia Municipal Bond Trust (the "Trust") held of record by the undersigned on February 28, 2006 at the Annual Meeting of Shareholders of the Trust to be held on May 23, 2006 or at any adjournments or postponements thereof.

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF.

PLEASE MARK BOXES IN BLUE OR BLACK INK.

SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE.

BlackRock Municipal Income Trust II

[ ]
changes to your
name or address details above.

Annual Meeting Proxy Card - Common Shares

A Election of Trustees PLEASE REFER TO THE REVERSE SIDE FOR TELEPHONE AND INTERNET VOTING INSTRUCTIONS.

1. The Board of Trustees recommends a vote FOR the listed nominees. For Withhold
01 - Richard E. Cavanagh [ ] [ ]
02 - R. Glenn Hubbard [ ] [ ]
Mark this box with an X if you have made comments below [ ]

B Authorized Signatures - Sign Here - This section must be completed for your instructions to be executed.

Please be sure to sign and date this proxy. Please sign exactly as your name appears on this proxy. When shares are held by joint tenants, both should sign. When signing as attorney, executor, administrator, trustee, or guardian, please give full title as such. If a corporation, please sign in full corporate name by president or other authorized officer. If a partnership, please sign in partnership name by authorized person.

Signature 1 - Please keep signature within the box
/ /

0 0 8 6 7 9 1 1 U P X C O Y

001CD40001 00JS2A

Proxy - BlackRock Municipal Income Trust II

COMMON SHARES

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES

The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the common shares of the BlackRock Municipal Income Trust II (the "Trust") held of record by the undersigned on February 28, 2006 at the Annual Meeting of Shareholders of the Trust to be held on May 23, 2006 or at any adjournments or postponements thereof.

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF.

PLEASE MARK BOXES IN BLUE OR BLACK INK.

SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE.

Telephone and Internet Voting Instructions

You can vote by telephone OR Internet! Available 24 hours a day 7 days a week! Instead of mailing your proxy, you may choose one of the two voting methods outlined below to vote your proxy.

| ● | To
vote using the Internet |
| --- | --- |
| Call toll free 1-800-652-VOTE (8683)
in the United States or Canada any time on a
touch tone telephone. There is NO
CHARGE to you for the call. Follow the simple instructions provided
by the recorded message. | Go to the following web site: WWW.COMPUTERSHARE.COM/EXPRESSVOTE Enter the information requested on
your computer screen and follow the simple
instructions. |

If you vote by telephone or the Internet, please DO NOT mail back this proxy card. Proxies submitted by telephone or the Internet must be received by 1:00 a.m., Central Time, on May 23, 2006. THANK YOU FOR VOTING

BlackRock Municipal Income Trust II

[ ]
changes to your
name or address details above.

Annual Meeting Proxy Card - Preferred Shares

A Election of Trustees

1. The Board of Trustees recommends a vote FOR the listed nominees. For Withhold
01 - Richard E. Cavanagh [ ] [ ]
02 - Kathleen F. Feldstein [ ] [ ]
03 - R. Glenn Hubbard [ ] [ ]
Mark this box with an X if you have made comments below [ ]

B Authorized Signatures - Sign Here - This section must be completed for your instructions to be executed.

Please be sure to sign and date this proxy. Please sign exactly as your name appears on this proxy. When shares are held by joint tenants, both should sign. When signing as attorney, executor, administrator, trustee, or guardian, please give full title as such. If a corporation, please sign in full corporate name by president or other authorized officer. If a partnership, please sign in partnership name by authorized person.

Signature 1 - Please keep signature within the box
/ /

0 0 8 6 7 9 2 1 U P X C O Y

001CD40001 00JS3A

Proxy - BlackRock Municipal Income Trust II

PREFERRED SHARES

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES

The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the preferred shares of the BlackRock Municipal Income Trust II (the "Trust") held of record by the undersigned on February 28, 2006 at the Annual Meeting of Shareholders of the Trust to be held on May 23, 2006 or at any adjournments or postponements thereof.

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF.

PLEASE MARK BOXES IN BLUE OR BLACK INK.

SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE.

BlackRock California Municipal Income Trust II

[ ]
changes to your
name or address details above.

Annual Meeting Proxy Card - Common Shares

A Election of Trustees PLEASE REFER TO THE REVERSE SIDE FOR TELEPHONE AND INTERNET VOTING INSTRUCTIONS.

1. The Board of Trustees recommends a vote FOR the listed nominees. For Withhold
01 - Richard E. Cavanagh [ ] [ ]
02 - R. Glenn Hubbard [ ] [ ]
Mark this box with an X if you have made comments below [ ]

B Authorized Signatures - Sign Here - This section must be completed for your instructions to be executed.

Please be sure to sign and date this proxy. Please sign exactly as your name appears on this proxy. When shares are held by joint tenants, both should sign. When signing as attorney, executor, administrator, trustee, or guardian, please give full title as such. If a corporation, please sign in full corporate name by president or other authorized officer. If a partnership, please sign in partnership name by authorized person.

Signature 1 - Please keep signature within the box
/ /

0 0 8 6 8 1 1 1 U P X C O Y

001CD40001 00JS8A

Proxy - BlackRock California Municipal Income Trust II

COMMON SHARES

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES

The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the common shares of the BlackRock California Municipal Income Trust II (the "Trust") held of record by the undersigned on February 28, 2006 at the Annual Meeting of Shareholders of the Trust to be held on May 23, 2006 or at any adjournments or postponements thereof.

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF.

PLEASE MARK BOXES IN BLUE OR BLACK INK.

SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE.

Telephone and Internet Voting Instructions

You can vote by telephone OR Internet! Available 24 hours a day 7 days a week! Instead of mailing your proxy, you may choose one of the two voting methods outlined below to vote your proxy.

| ● | To
vote using the Internet |
| --- | --- |
| Call toll free 1-800-652-VOTE (8683)
in the United States or Canada any time on a
touch tone telephone. There is NO
CHARGE to you for the call. Follow the simple instructions provided
by the recorded message. | Go to the following web site: WWW.COMPUTERSHARE.COM/EXPRESSVOTE Enter the information requested on
your computer screen and follow the simple
instructions. |

If you vote by telephone or the Internet, please DO NOT mail back this proxy card. Proxies submitted by telephone or the Internet must be received by 1:00 a.m., Central Time, on May 23, 2006. THANK YOU FOR VOTING

BlackRock California Municipal Income Trust II

[ ]
changes to your
name or address details above.

Annual Meeting Proxy Card - Preferred Shares

A Election of Trustees

1. The Board of Trustees recommends a vote FOR the listed nominees. For Withhold
01 - Richard E. Cavanagh [ ] [ ]
02 - Kathleen F. Feldstein [ ] [ ]
03 - R. Glenn Hubbard [ ] [ ]
Mark this box with an X if you have made comments below [ ]

B Authorized Signatures - Sign Here - This section must be completed for your instructions to be executed.

Please be sure to sign and date this proxy. Please sign exactly as your name appears on this proxy. When shares are held by joint tenants, both should sign. When signing as attorney, executor, administrator, trustee, or guardian, please give full title as such. If a corporation, please sign in full corporate name by president or other authorized officer. If a partnership, please sign in partnership name by authorized person.

Signature 1 - Please keep signature within the box
/ /

0 0 8 6 8 1 2 1 U P X C O Y

001CD40001 00JS9A

Proxy - BlackRock California Municipal Income Trust II

PREFERRED SHARES

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES

The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the preferred shares of the BlackRock California Municipal Income Trust II (the "Trust") held of record by the undersigned on February 28, 2006 at the Annual Meeting of Shareholders of the Trust to be held on May 23, 2006 or at any adjournments or postponements thereof.

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF.

PLEASE MARK BOXES IN BLUE OR BLACK INK.

SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE.

BlackRock New York Municipal Income Trust II

[ ]
changes to your
name or address details above.

Annual Meeting Proxy Card - Common Shares

A Election of Trustees PLEASE REFER TO THE REVERSE SIDE FOR TELEPHONE AND INTERNET VOTING INSTRUCTIONS.

1. The Board of Trustees recommends a vote FOR the listed nominees. For Withhold
01 - Richard E. Cavanagh [ ] [ ]
02 - R. Glenn Hubbard [ ] [ ]
Mark this box with an X if you have made comments below [ ]

B Authorized Signatures - Sign Here - This section must be completed for your instructions to be executed.

Please be sure to sign and date this proxy. Please sign exactly as your name appears on this proxy. When shares are held by joint tenants, both should sign. When signing as attorney, executor, administrator, trustee, or guardian, please give full title as such. If a corporation, please sign in full corporate name by president or other authorized officer. If a partnership, please sign in partnership name by authorized person.

Signature 1 - Please keep signature within the box
/ /

0 0 8 6 8 0 1 1 U P X C O Y

001CD40001 00JS5A

Proxy - BlackRock New York Municipal Income Trust II

COMMON SHARES

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES

The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the common shares of the BlackRock New York Municipal Income Trust II (the "Trust") held of record by the undersigned on February 28, 2006 at the Annual Meeting of Shareholders of the Trust to be held on May 23, 2006 or at any adjournments or postponements thereof.

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF.

PLEASE MARK BOXES IN BLUE OR BLACK INK.

SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE.

Telephone and Internet Voting Instructions

You can vote by telephone OR Internet! Available 24 hours a day 7 days a week! Instead of mailing your proxy, you may choose one of the two voting methods outlined below to vote your proxy.

| ● | To
vote using the Internet |
| --- | --- |
| Call toll free 1-800-652-VOTE (8683)
in the United States or Canada any time on a
touch tone telephone. There is NO
CHARGE to you for the call. Follow the simple instructions provided
by the recorded message. | Go to the following web site: WWW.COMPUTERSHARE.COM/EXPRESSVOTE Enter the information requested on
your computer screen and follow the simple
instructions. |

If you vote by telephone or the Internet, please DO NOT mail back this proxy card. Proxies submitted by telephone or the Internet must be received by 1:00 a.m., Central Time, on May 23, 2006. THANK YOU FOR VOTING

BlackRock New York Municipal Income Trust II

[ ]
changes to your
name or address details above.

Annual Meeting Proxy Card - Preferred Shares

A Election of Trustees

1. The Board of Trustees recommends a vote FOR the listed nominees. For Withhold
01 - Richard E. Cavanagh [ ] [ ]
02 - Kathleen F. Feldstein [ ] [ ]
03 - R. Glenn Hubbard [ ] [ ]
Mark this box with an X if you have made comments below [ ]

B Authorized Signatures - Sign Here - This section must be completed for your instructions to be executed.

Please be sure to sign and date this proxy. Please sign exactly as your name appears on this proxy. When shares are held by joint tenants, both should sign. When signing as attorney, executor, administrator, trustee, or guardian, please give full title as such. If a corporation, please sign in full corporate name by president or other authorized officer. If a partnership, please sign in partnership name by authorized person.

Signature 1 - Please keep signature within the box
/ /

0 0 8 6 8 0 2 1 U P X C O Y

001CD40001 00JS6A

Proxy - BlackRock New York Municipal Income Trust II

PREFERRED SHARES

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES

The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the preferred shares of the BlackRock New York Municipal Income Trust II (the "Trust") held of record by the undersigned on February 28, 2006 at the Annual Meeting of Shareholders of the Trust to be held on May 23, 2006 or at any adjournments or postponements thereof.

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF.

PLEASE MARK BOXES IN BLUE OR BLACK INK.

SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE.

BlackRock Insured Municipal Income Trust

[ ]
changes to your
name or address details above.

Annual Meeting Proxy Card - Common Shares

A Election of Trustees PLEASE REFER TO THE REVERSE SIDE FOR TELEPHONE AND INTERNET VOTING INSTRUCTIONS.

1. The Board of Trustees recommends a vote FOR the listed nominees. For Withhold
01 - Richard E. Cavanagh [ ] [ ]
02 - R. Glenn Hubbard [ ] [ ]
Mark this box with an X if you have made comments below [ ]

B Authorized Signatures - Sign Here - This section must be completed for your instructions to be executed.

Please be sure to sign and date this proxy. Please sign exactly as your name appears on this proxy. When shares are held by joint tenants, both should sign. When signing as attorney, executor, administrator, trustee, or guardian, please give full title as such. If a corporation, please sign in full corporate name by president or other authorized officer. If a partnership, please sign in partnership name by authorized person.

Signature 1 - Please keep signature within the box
/ /

0 0 8 6 7 4 1 1 U P X C O Y

001CD40001 00JRTA

Proxy - BlackRock Insured Municipal Income Trust

COMMON SHARES

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES

The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the common shares of the BlackRock Insured Municipal Income Trust (the "Trust") held of record by the undersigned on February 28, 2006 at the Annual Meeting of Shareholders of the Trust to be held on May 23, 2006 or at any adjournments or postponements thereof.

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF.

PLEASE MARK BOXES IN BLUE OR BLACK INK.

SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE.

Telephone and Internet Voting Instructions

You can vote by telephone OR Internet! Available 24 hours a day 7 days a week! Instead of mailing your proxy, you may choose one of the two voting methods outlined below to vote your proxy.

| ● | To
vote using the Internet |
| --- | --- |
| Call toll free 1-800-652-VOTE (8683)
in the United States or Canada any time on a
touch tone telephone. There is NO
CHARGE to you for the call. Follow the simple instructions provided
by the recorded message. | Go to the following web site: WWW.COMPUTERSHARE.COM/EXPRESSVOTE Enter the information requested on
your computer screen and follow the simple
instructions. |

If you vote by telephone or the Internet, please DO NOT mail back this proxy card. Proxies submitted by telephone or the Internet must be received by 1:00 a.m., Central Time, on May 23, 2006. THANK YOU FOR VOTING

BlackRock Insured Municipal Income Trust

[ ]
changes to your
name or address details above.

Annual Meeting Proxy Card - Preferred Shares

A Election of Trustees

1. The Board of Trustees recommends a vote FOR the listed nominees. For Withhold
01 - Richard E. Cavanagh [ ] [ ]
02 - R. Kathleen F. Feldstein [ ] [ ]
03 - R. Glenn Hubbard [ ] [ ]
Mark this box with an X if you have made comments below [ ]

B Authorized Signatures - Sign Here - This section must be completed for your instructions to be executed.

Please be sure to sign and date this proxy. Please sign exactly as your name appears on this proxy. When shares are held by joint tenants, both should sign. When signing as attorney, executor, administrator, trustee, or guardian, please give full title as such. If a corporation, please sign in full corporate name by president or other authorized officer. If a partnership, please sign in partnership name by authorized person.

Signature 1 - Please keep signature within the box
/ /

0 0 8 6 7 4 1 1 U P X C O Y

001CD40001 00JRTA

Proxy - BlackRock Insured Municipal Income Trust

PREFERRED SHARES

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES

The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the preferred shares of the BlackRock Insured Municipal Income Trust (the "Trust") held of record by the undersigned on February 28, 2006 at the Annual Meeting of Shareholders of the Trust to be held on May 23, 2006 or at any adjournments or postponements thereof.

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF.

PLEASE MARK BOXES IN BLUE OR BLACK INK.

SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE.

BlackRock California Insured Municipal Income Trust

[ ]
changes to your
name or address details above.

Annual Meeting Proxy Card - Common Shares

A Election of Trustees PLEASE REFER TO THE REVERSE SIDE FOR TELEPHONE AND INTERNET VOTING INSTRUCTIONS.

1. The Board of Trustees recommends a vote FOR the listed nominees. For Withhold
01 - Richard E. Cavanagh [ ] [ ]
02 - R. Glenn Hubbard [ ] [ ]
Mark this box with an X if you have made comments below [ ]

B Authorized Signatures - Sign Here - This section must be completed for your instructions to be executed.

Please be sure to sign and date this proxy. Please sign exactly as your name appears on this proxy. When shares are held by joint tenants, both should sign. When signing as attorney, executor, administrator, trustee, or guardian, please give full title as such. If a corporation, please sign in full corporate name by president or other authorized officer. If a partnership, please sign in partnership name by authorized person.

Signature 1 - Please keep signature within the box
/ /

0 0 8 6 7 5 1 1 U P X C O Y

001CD40001 00JRTA

Proxy - BlackRock California Insured Municipal Income Trust

COMMON SHARES

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES

The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the common shares of the BlackRock California Insured Municipal Income Trust (the "Trust") held of record by the undersigned on February 28, 2006 at the Annual Meeting of Shareholders of the Trust to be held on May 23, 2006 or at any adjournments or postponements thereof.

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF.

PLEASE MARK BOXES IN BLUE OR BLACK INK.

SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE.

Telephone and Internet Voting Instructions

You can vote by telephone OR Internet! Available 24 hours a day 7 days a week! Instead of mailing your proxy, you may choose one of the two voting methods outlined below to vote your proxy.

| ● | To
vote using the Internet |
| --- | --- |
| Call toll free 1-800-652-VOTE (8683)
in the United States or Canada any time on a
touch tone telephone. There is NO
CHARGE to you for the call. Follow the simple instructions provided
by the recorded message. | Go to the following web site: WWW.COMPUTERSHARE.COM/EXPRESSVOTE Enter the information requested on
your computer screen and follow the simple
instructions. |

If you vote by telephone or the Internet, please DO NOT mail back this proxy card. Proxies submitted by telephone or the Internet must be received by 1:00 a.m., Central Time, on May 23, 2006. THANK YOU FOR VOTING

BlackRock California Insured Municipal Income Trust

[ ]
changes to your
name or address details above.

Annual Meeting Proxy Card - Preferred Shares

A Election of Trustees

1. The Board of Trustees recommends a vote FOR the listed nominees. For Withhold
01 - Richard E. Cavanagh [ ] [ ]
02 - Kathleen F. Feldstein [ ] [ ]
03 - R. Glenn Hubbard [ ] [ ]
Mark this box with an X if you have made comments below [ ]

B Authorized Signatures - Sign Here - This section must be completed for your instructions to be executed.

Please be sure to sign and date this proxy. Please sign exactly as your name appears on this proxy. When shares are held by joint tenants, both should sign. When signing as attorney, executor, administrator, trustee, or guardian, please give full title as such. If a corporation, please sign in full corporate name by president or other authorized officer. If a partnership, please sign in partnership name by authorized person.

Signature 1 - Please keep signature within the box
/ /

0 0 8 6 7 5 2 1 U P X C O Y

001CD40001 00JRUA

Proxy - BlackRock California Insured Municipal Income Trust

PREFERRED SHARES

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES

The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the preferred shares of the BlackRock California Insured Municipal Income Trust (the "Trust") held of record by the undersigned on February 28, 2006 at the Annual Meeting of Shareholders of the Trust to be held on May 23, 2006 or at any adjournments or postponements thereof.

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF.

PLEASE MARK BOXES IN BLUE OR BLACK INK.

SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE.

BlackRock Florida Insured Municipal Income Trust

[ ]
changes to your
name or address details above.

Annual Meeting Proxy Card - Common Shares

A Election of Trustees PLEASE REFER TO THE REVERSE SIDE FOR TELEPHONE AND INTERNET VOTING INSTRUCTIONS.

1. The Board of Trustees recommends a vote FOR the listed nominees. For Withhold
01 - Richard E. Cavanagh [ ] [ ]
02 - R. Glenn Hubbard [ ] [ ]
Mark this box with an X if you have made comments below [ ]

B Authorized Signatures - Sign Here - This section must be completed for your instructions to be executed.

Please be sure to sign and date this proxy. Please sign exactly as your name appears on this proxy. When shares are held by joint tenants, both should sign. When signing as attorney, executor, administrator, trustee, or guardian, please give full title as such. If a corporation, please sign in full corporate name by president or other authorized officer. If a partnership, please sign in partnership name by authorized person.

Signature 1 - Please keep signature within the box
/ /

0 0 8 6 7 6 1 1 U P X C O Y

001CD40001 00JRWA

Proxy - BlackRock Florida Insured Municipal Income Trust

COMMON SHARES

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES

The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the common shares of the BlackRock Florida Insured Municipal Income Trust (the "Trust") held of record by the undersigned on February 28, 2006 at the Annual Meeting of Shareholders of the Trust to be held on May 23, 2006 or at any adjournments or postponements thereof.

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF.

PLEASE MARK BOXES IN BLUE OR BLACK INK.

SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE.

Telephone and Internet Voting Instructions

You can vote by telephone OR Internet! Available 24 hours a day 7 days a week! Instead of mailing your proxy, you may choose one of the two voting methods outlined below to vote your proxy.

| ● | To
vote using the Internet |
| --- | --- |
| Call toll free 1-800-652-VOTE (8683)
in the United States or Canada any time on a
touch tone telephone. There is NO
CHARGE to you for the call. Follow the simple instructions provided
by the recorded message. | Go to the following web site: WWW.COMPUTERSHARE.COM/EXPRESSVOTE Enter the information requested on
your computer screen and follow the simple
instructions. |

If you vote by telephone or the Internet, please DO NOT mail back this proxy card. Proxies submitted by telephone or the Internet must be received by 1:00 a.m., Central Time, on May 23, 2006. THANK YOU FOR VOTING

BlackRock Florida Insured Municipal Income Trust

[ ]
changes to your
name or address details above.

Annual Meeting Proxy Card - Preferred Shares

A Election of Trustees

1. The Board of Trustees recommends a vote FOR the listed nominees. For Withhold
01 - Richard E. Cavanagh [ ] [ ]
02 - Kathleen F. Feldstein [ ] [ ]
03 - R. Glenn Hubbard [ ] [ ]
Mark this box with an X if you have made comments below [ ]

B Authorized Signatures - Sign Here - This section must be completed for your instructions to be executed.

Please be sure to sign and date this proxy. Please sign exactly as your name appears on this proxy. When shares are held by joint tenants, both should sign. When signing as attorney, executor, administrator, trustee, or guardian, please give full title as such. If a corporation, please sign in full corporate name by president or other authorized officer. If a partnership, please sign in partnership name by authorized person.

Signature 1 - Please keep signature within the box
/ /

0 0 8 6 7 6 2 1 U P X C O Y

001CD40001 00JRXA

Proxy - BlackRock Florida Insured Municipal Income Trust

PREFERRED SHARES

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES

The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the preferred shares of the BlackRock Florida Insured Municipal Income Trust (the "Trust") held of record by the undersigned on February 28, 2006 at the Annual Meeting of Shareholders of the Trust to be held on May 23, 2006 or at any adjournments or postponements thereof.

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF.

PLEASE MARK BOXES IN BLUE OR BLACK INK.

SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE.

BlackRock New York Insured Municipal Income Trust

[ ]
changes to your
name or address details above.

Annual Meeting Proxy Card - Common Shares

A Election of Trustees PLEASE REFER TO THE REVERSE SIDE FOR TELEPHONE AND INTERNET VOTING INSTRUCTIONS.

1. The Board of Trustees recommends a vote FOR the listed nominees. For Withhold
01 - Richard E. Cavanagh [ ] [ ]
02 - R. Glenn Hubbard [ ] [ ]
Mark this box with an X if you have made comments below [ ]

B Authorized Signatures - Sign Here - This section must be completed for your instructions to be executed.

Please be sure to sign and date this proxy. Please sign exactly as your name appears on this proxy. When shares are held by joint tenants, both should sign. When signing as attorney, executor, administrator, trustee, or guardian, please give full title as such. If a corporation, please sign in full corporate name by president or other authorized officer. If a partnership, please sign in partnership name by authorized person.

Signature 1 - Please keep signature within the box
/ /

0 0 8 6 7 7 1 1 U P X C O Y

001CD40001 00JRZA

Proxy - BlackRock New York Insured Municipal Income Trust

COMMON SHARES

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES

The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the common shares of the BlackRock New York Insured Municipal Income Trust (the "Trust") held of record by the undersigned on February 28, 2006 at the Annual Meeting of Shareholders of the Trust to be held on May 23, 2006 or at any adjournments or postponements thereof.

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF.

PLEASE MARK BOXES IN BLUE OR BLACK INK.

SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE.

Telephone and Internet Voting Instructions

You can vote by telephone OR Internet! Available 24 hours a day 7 days a week! Instead of mailing your proxy, you may choose one of the two voting methods outlined below to vote your proxy.

| ● | To
vote using the Internet |
| --- | --- |
| Call toll free 1-800-652-VOTE (8683)
in the United States or Canada any time on a
touch tone telephone. There is NO
CHARGE to you for the call. Follow the simple instructions provided
by the recorded message. | Go to the following web site: WWW.COMPUTERSHARE.COM/EXPRESSVOTE Enter the information requested on
your computer screen and follow the simple
instructions. |

If you vote by telephone or the Internet, please DO NOT mail back this proxy card. Proxies submitted by telephone or the Internet must be received by 1:00 a.m., Central Time, on May 23, 2006. THANK YOU FOR VOTING

BlackRock New York Insured Municipal Income Trust

[ ]
changes to your
name or address details above.

Annual Meeting Proxy Card - Preferred Shares

A Election of Trustees

1. The Board of Trustees recommends a vote FOR the listed nominees. For Withhold
01 - Richard E. Cavanagh [ ] [ ]
02 - Kathleen F. Feldstein [ ] [ ]
03 - R. Glenn Hubbard [ ] [ ]
Mark this box with an X if you have made comments below [ ]

B Authorized Signatures - Sign Here - This section must be completed for your instructions to be executed.

Please be sure to sign and date this proxy. Please sign exactly as your name appears on this proxy. When shares are held by joint tenants, both should sign. When signing as attorney, executor, administrator, trustee, or guardian, please give full title as such. If a corporation, please sign in full corporate name by president or other authorized officer. If a partnership, please sign in partnership name by authorized person.

Signature 1 - Please keep signature within the box
/ /

0 0 8 6 7 7 2 1 U P X C O Y

001CD40001 00JS0A

Proxy - BlackRock New York Insured Municipal Income Trust

PREFERRED SHARES

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES

The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the preferred shares of the BlackRock New York Insured Municipal Income Trust (the "Trust") held of record by the undersigned on February 28, 2006 at the Annual Meeting of Shareholders of the Trust to be held on May 23, 2006 or at any adjournments or postponements thereof.

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF.

PLEASE MARK BOXES IN BLUE OR BLACK INK.

SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE.

BlackRock Preferred Opportunity Trust

[ ]
changes to your
name or address details above.

Annual Meeting Proxy Card - Common Shares

A Election of Trustees PLEASE REFER TO THE REVERSE SIDE FOR TELEPHONE AND INTERNET VOTING INSTRUCTIONS.

1. The Board of Trustees recommends a vote FOR the listed nominees. For Withhold
01 - Andrew F. Brimmer [ ] [ ]
02 - Richard E. Cavanagh [ ] [ ]
03 - Kent Dixon [ ] [ ]
04 - Robert S. Kapito [ ] [ ]
Mark this box with an X if you have made comments below [ ]

B Authorized Signatures - Sign Here - This section must be completed for your instructions to be executed.

Please be sure to sign and date this proxy. Please sign exactly as your name appears on this proxy. When shares are held by joint tenants, both should sign. When signing as attorney, executor, administrator, trustee, or guardian, please give full title as such. If a corporation, please sign in full corporate name by president or other authorized officer. If a partnership, please sign in partnership name by authorized person.

Signature 1 - Please keep signature within the box
/ /

0 0 8 7 1 1 1 1 U P X C O Y

001CD40001 00JOUB

Proxy - BlackRock Preferred Opportunity Trust

COMMON SHARES

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES

The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the common shares of BlackRock Preferred Opportunity Trust (the "Trust") held of record by the undersigned on February 28, 2006 at the Annual Meeting of Shareholders of the Trust to be held on May 23, 2006 or at any adjournments or postponements thereof.

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF.

PLEASE MARK BOXES IN BLUE OR BLACK INK.

SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE.

Telephone and Internet Voting Instructions

You can vote by telephone OR Internet! Available 24 hours a day 7 days a week! Instead of mailing your proxy, you may choose one of the two voting methods outlined below to vote your proxy.

| ● | To
vote using the Internet |
| --- | --- |
| Call toll free 1-800-652-VOTE (8683)
in the United States or Canada any time on a
touch tone telephone. There is NO
CHARGE to you for the call. Follow the simple instructions provided
by the recorded message. | Go to the following web site: WWW.COMPUTERSHARE.COM/EXPRESSVOTE Enter the information requested on
your computer screen and follow the simple
instructions. |

If you vote by telephone or the Internet, please DO NOT mail back this proxy card. Proxies submitted by telephone or the Internet must be received by 1:00 a.m., Central Time, on May 23, 2006. THANK YOU FOR VOTING

BlackRock Preferred Opportunity Trust

[ ]
changes to your
name or address details above.

Annual Meeting Proxy Card - Preferred Shares

A Election of Trustees

1. The Board of Trustees recommends a vote FOR the listed nominees. For Withhold
01 - Andrew F. Brimmer [ ] [ ]
02 - Richard E. Cavanagh [ ] [ ]
03 - Kent Dixon [ ] [ ]
04 - Kathleen F. Feldstein [ ] [ ]
05 - Robert S. Kapito [ ] [ ]

Mark this box with an X if you have made comments below [ ]

B Authorized Signatures - Sign Here - This section must be completed for your instructions to be executed.

Please be sure to sign and date this proxy. Please sign exactly as your name appears on this proxy. When shares are held by joint tenants, both should sign. When signing as attorney, executor, administrator, trustee, or guardian, please give full title as such. If a corporation, please sign in full corporate name by president or other authorized officer. If a partnership, please sign in partnership name by authorized person.

| Signature 1 - Please keep
signature within the box |
| --- |
| / / |

0 0 8 7 1 1 2 1 U P X C O Y

001CD40001 00JLSB

Proxy - BlackRock Preferred Opportunity Trust

PREFERRED SHARES

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES

The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the preferred shares of the BlackRock Preferred Opportunity Trust (the "Trust") held of record by the undersigned on February 28, 2006 at the Annual Meeting of Shareholders of the Trust to be held on May 23, 2006 or at any adjournments or postponements thereof.

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF.

PLEASE MARK BOXES IN BLUE OR BLACK INK.

SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE.

BlackRock Limited Duration Income Trust

[ ]
changes to your
name or address details above.

Annual Meeting Proxy Card - Common Shares

A Election of Trustees PLEASE REFER TO THE REVERSE SIDE FOR TELEPHONE AND INTERNET VOTING INSTRUCTIONS.

1. The Board of Trustees recommends a vote FOR the listed nominees. For Withhold
01 - Andrew F. Brimmer [ ] [ ]
02 - Kent Dixon [ ] [ ]
03 - Robert S. Kapito [ ] [ ]
Mark this box with an X if you have made comments below [ ]

B Authorized Signatures - Sign Here - This section must be completed for your instructions to be executed.

Please be sure to sign and date this proxy. Please sign exactly as your name appears on this proxy. When shares are held by joint tenants, both should sign. When signing as attorney, executor, administrator, trustee, or guardian, please give full title as such. If a corporation, please sign in full corporate name by president or other authorized officer. If a partnership, please sign in partnership name by authorized person.

Signature 1 - Please keep signature within the box
/ /

0 0 8 7 1 4 1 1 U P X C O Y

001CD40001 00JQOB

Proxy - BlackRock Limited Duration Income Trust

COMMON SHARES

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES

The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the common shares of the BlackRock Limited Duration Income Trust (the "Trust") held of record by the undersigned on February 28, 2006 at the Annual Meeting of Shareholders of the Trust to be held on May 23, 2006 or at any adjournments or postponements thereof.

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF.

PLEASE MARK BOXES IN BLUE OR BLACK INK.

SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE.

Telephone and Internet Voting Instructions

You can vote by telephone OR Internet! Available 24 hours a day 7 days a week! Instead of mailing your proxy, you may choose one of the two voting methods outlined below to vote your proxy.

| ● | To
vote using the Internet |
| --- | --- |
| Call toll free 1-800-652-VOTE (8683)
in the United States or Canada any time on a
touch tone telephone. There is NO
CHARGE to you for the call. Follow the simple instructions provided
by the recorded message. | Go to the following web site: WWW.COMPUTERSHARE.COM/EXPRESSVOTE Enter the information requested on
your computer screen and follow the simple
instructions. |

If you vote by telephone or the Internet, please DO NOT mail back this proxy card. Proxies submitted by telephone or the Internet must be received by 1:00 a.m., Central Time, on May 23, 2006. THANK YOU FOR VOTING

BlackRock Municipal 2020 Term Trust

[ ]
changes to your
name or address details above.

Annual Meeting Proxy Card - Common Shares

A Election of Trustees PLEASE REFER TO THE REVERSE SIDE FOR TELEPHONE AND INTERNET VOTING INSTRUCTIONS.

1. The Board of Trustees recommends a vote FOR the listed nominees. For Withhold
01 - Andrew F. Brimmer [ ] [ ]
02 - Richard E. Cavanagh [ ] [ ]
03 - Kent Dixon [ ] [ ]
04 - Robert S. Kapito [ ] [ ]
Mark this box with an X if you have made comments below [ ]

B Authorized Signatures - Sign Here - This section must be completed for your instructions to be executed.

Please be sure to sign and date this proxy. Please sign exactly as your name appears on this proxy. When shares are held by joint tenants, both should sign. When signing as attorney, executor, administrator, trustee, or guardian, please give full title as such. If a corporation, please sign in full corporate name by president or other authorized officer. If a partnership, please sign in partnership name by authorized person.

Signature 1 - Please keep signature within the box
/ /

0 0 8 7 1 2 1 1 U P X C O Y

001CD40001 00JQZA

Proxy - BlackRock Municipal 2020 Term Trust

COMMON SHARES

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES

The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the common shares of the BlackRock Municipal 2020 Term Trust (the "Trust") held of record by the undersigned on February 28, 2006 at the Annual Meeting of Shareholders of the Trust to be held on May 23, 2006 or at any adjournments or postponements thereof.

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF.

PLEASE MARK BOXES IN BLUE OR BLACK INK.

SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE.

Telephone and Internet Voting Instructions

You can vote by telephone OR Internet! Available 24 hours a day 7 days a week! Instead of mailing your proxy, you may choose one of the two voting methods outlined below to vote your proxy.

| ● | To
vote using the Internet |
| --- | --- |
| Call toll free 1-800-652-VOTE (8683)
in the United States or Canada any time on a
touch tone telephone. There is NO
CHARGE to you for the call. Follow the simple instructions provided
by the recorded message. | Go to the following web site: WWW.COMPUTERSHARE.COM/EXPRESSVOTE Enter the information requested on
your computer screen and follow the simple
instructions. |

If you vote by telephone or the Internet, please DO NOT mail back this proxy card. Proxies submitted by telephone or the Internet must be received by 1:00 a.m., Central Time, on May 23, 2006. THANK YOU FOR VOTING

BlackRock Municipal 2020 Term Trust

[ ]
changes to your
name or address details above.

Annual Meeting Proxy Card - Preferred Shares

A Election of Trustees

1. The Board of Trustees recommends a vote FOR the listed nominees. For Withhold
01 - Andrew F. Brimmer [ ] [ ]
02 - Richard E. Cavanagh [ ] [ ]
03 - Kent Dixon [ ] [ ]
04 - Kathleen F. Feldstein [ ] [ ]
05 - Robert S. Kapito [ ] [ ]
Mark this box with an X if you have made comments below [ ]

B Authorized Signatures - Sign Here - This section must be completed for your instructions to be executed.

Please be sure to sign and date this proxy. Please sign exactly as your name appears on this proxy. When shares are held by joint tenants, both should sign. When signing as attorney, executor, administrator, trustee, or guardian, please give full title as such. If a corporation, please sign in full corporate name by president or other authorized officer. If a partnership, please sign in partnership name by authorized person.

Signature 1 - Please keep signature within the box
/ /

0 0 8 7 1 2 2 1 U P X C O Y

001CD40001 00JR0A

Proxy - BlackRock Municipal 2020 Term Trust

PREFERRED SHARES

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES

The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the preferred shares of the BlackRock Municipal 2020 Term Trust (the "Trust") held of record by the undersigned on February 28, 2006 at the Annual Meeting of Shareholders of the Trust to be held on May 23, 2006 or at any adjournments or postponements thereof.

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF.

PLEASE MARK BOXES IN BLUE OR BLACK INK.

SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE.

BlackRock Florida Municipal 2020 Term Trust

[ ]
changes to your
name or address details above.

Annual Meeting Proxy Card - Common Shares

A Election of Trustees PLEASE REFER TO THE REVERSE SIDE FOR TELEPHONE AND INTERNET VOTING INSTRUCTIONS.

1. The Board of Trustees recommends a vote FOR the listed nominees. For Withhold
01 - Andrew F. Brimmer [ ] [ ]
02 - Richard E. Cavanagh [ ] [ ]
03 - Kent Dixon [ ] [ ]
04 - Robert S. Kapito [ ] [ ]
Mark this box with an X if you have made comments below [ ]

B Authorized Signatures - Sign Here - This section must be completed for your instructions to be executed.

Please be sure to sign and date this proxy. Please sign exactly as your name appears on this proxy. When shares are held by joint tenants, both should sign. When signing as attorney, executor, administrator, trustee, or guardian, please give full title as such. If a corporation, please sign in full corporate name by president or other authorized officer. If a partnership, please sign in partnership name by authorized person.

Signature 1 - Please keep signature within the box
/ /

0 0 8 7 1 3 1 1 U P X C O Y

001CD40001 00JR2A

Proxy - BlackRock Florida Municipal 2020 Term Trust

COMMON SHARES

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES

The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the common shares of the BlackRock Florida Municipal 2020 Term Trust (the "Trust") held of record by the undersigned on February 28, 2006 at the Annual Meeting of Shareholders of the Trust to be held on May 23, 2006 or at any adjournments or postponements thereof.

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF.

PLEASE MARK BOXES IN BLUE OR BLACK INK.

SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE.

Telephone and Internet Voting Instructions

You can vote by telephone OR Internet! Available 24 hours a day 7 days a week! Instead of mailing your proxy, you may choose one of the two voting methods outlined below to vote your proxy.

| ● | To
vote using the Internet |
| --- | --- |
| Call toll free 1-800-652-VOTE (8683)
in the United States or Canada any time on a
touch tone telephone. There is NO
CHARGE to you for the call. Follow the simple instructions provided
by the recorded message. | Go to the following web site: WWW.COMPUTERSHARE.COM/EXPRESSVOTE Enter the information requested on
your computer screen and follow the simple
instructions. |

If you vote by telephone or the Internet, please DO NOT mail back this proxy card. Proxies submitted by telephone or the Internet must be received by 1:00 a.m., Central Time, on May 23, 2006. THANK YOU FOR VOTING

BlackRock Florida Municipal 2020 Term Trust

[ ]
changes to your
name or address details above.

Annual Meeting Proxy Card - Preferred Shares

A Election of Trustees

1. The Board of Trustees recommends a vote FOR the listed nominees. For Withhold
01 - Andrew F. Brimmer [ ] [ ]
02 - Richard E. Cavanagh [ ] [ ]
03 - Kent Dixon [ ] [ ]
04 - Kathleen F. Feldstein [ ] [ ]
05 - Robert S. Kapito [ ] [ ]
Mark this box with an X if you have made comments below [ ]

B Authorized Signatures - Sign Here - This section must be completed for your instructions to be executed.

Please be sure to sign and date this proxy. Please sign exactly as your name appears on this proxy. When shares are held by joint tenants, both should sign. When signing as attorney, executor, administrator, trustee, or guardian, please give full title as such. If a corporation, please sign in full corporate name by president or other authorized officer. If a partnership, please sign in partnership name by authorized person.

Signature 1 - Please keep signature within the box
/ /

0 0 8 7 1 3 2 1 U P X C O Y

001CD40001 00JR3A

Proxy - BlackRock Florida Municipal 2020 Term Trust

PREFERRED SHARES

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES

The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the preferred shares of the BlackRock Florida Municipal 2020 Term Trust (the "Trust") held of record by the undersigned on February 28, 2006 at the Annual Meeting of Shareholders of the Trust to be held on May 23, 2006 or at any adjournments or postponements thereof.

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF.

PLEASE MARK BOXES IN BLUE OR BLACK INK.

SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE.

YOUR VOTE IS IMPORTANT VOTE BY INTERNET / TELEPHONE 24 HOURS A DAY, 7 DAYS A WEEK

INTERNET TELEPHONE MAIL
https://www.proxyvotenow.com/bdv 1-866-205-9017
• Go to the website
address listed • Use any touch-tone telephone. • Mark, sign and date your proxy card.
above. OR • Have
your proxy card ready. OR • Detach your proxy card.
• Have
your proxy card ready. • Follow
the simple recorded • Return your proxy card
in the
• Follow the simple
instructions that instructions. postage-paid envelope
provided.
appear on your computer
screen. (must be received by the
Trust on or
before May 22, 2006)

Please submit your Internet or Telephone vote before 4:00 p.m., New York time, on May 22, 2006. \/ DETACH PROXY CARD HERE IF YOU ARE NOT VOTING BY TELEPHONE OR INTERNET \/

Please Sign, Date and Return
the Proxy Card Promptly x
Using the Enclosed Envelope. Votes must be indicated
(x) in Black or Blue ink.
1. Election of Trustees:
FOR WITHHOLD EXCEPTION
THE [ ] FROM THE [ ] [ ] BLACKROCK
NOMINEES NOMINEES DIVIDEND ACHIEVERS TM TRUST
COMMON SHARES
Nominee: 01 - Andrew F. Brimmer
02 - Kent Dixon
03 - Robert S. Kapito
To change your address, please mark this box. [ ]
(INSTRUCTIONS: To withhold authority to vote for any individual nominee,
strike a line through that nominee’s name and check the “Exceptions” box above.)
To include any comments, please mark this box. [ ]
S C A N L I N E
(Please sign exactly
as name or names appear hereon. Full title of one signing in representative
capacity should be clearly designated after signature. Names of all joint
holders should be written even if signed by only one.)

Date Share Owner sign here Co-Owner sign here

PROXY

BLACKROCK DIVIDEND ACHIEVERS TM TRUST

COMMON SHARES

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES

The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the common shares of the BlackRock Dividend Achievers TM Trust (the “Trust”) held of record by the undersigned on February 28, 2006 at the Annual Meeting of Shareholders of the Trust to be held on May 23, 2006 or at any adjournments or postponements thereof.

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF.

Continued on the reverse side. Must be signed and dated on the reverse side.

HAS YOUR ADDRESS CHANGED?
BLACKROCK DIVIDEND ACHIEVERS TM TRUST P.O. BOX 11325 NEW YORK, N.Y. 10203-0325
DO YOU HAVE ANY COMMENTS?

YOUR VOTE IS IMPORTANT VOTE BY INTERNET / TELEPHONE 24 HOURS A DAY, 7 DAYS A WEEK

INTERNET TELEPHONE MAIL
https://www.proxyvotenow.com/bdt 1-866-265-2402
• Go to the website
address listed • Use any touch-tone telephone. • Mark, sign and date your proxy card.
above. OR • Have
your proxy card ready. OR • Detach your proxy card.
• Have
your proxy card ready. • Follow
the simple recorded • Return your proxy card
in the
• Follow the simple
instructions that instructions. postage-paid envelope
provided.
appear on your computer
screen. (must be received by the
Trust on or
before May 22, 2006)

Please submit your Internet or Telephone vote before 4:00 p.m., New York time, on May 22, 2006. \/ DETACH PROXY CARD HERE IF YOU ARE NOT VOTING BY TELEPHONE OR INTERNET \/

Please Sign, Date and Return
the Proxy Card Promptly x
Using the Enclosed Envelope. Votes must be indicated
(x) in Black or Blue ink.
1. Election of Trustees:
FOR WITHHOLD EXCEPTION
THE [ ] FROM THE [ ] [ ] BLACKROCK
NOMINEES NOMINEES STRATEGIC DIVIDEND
ACHIEVERS TM TRUST
COMMON SHARES
Nominee: 01
- Frank J. Fabozzi
02 - Kathleen F. Feldstein
03 - Ralph L. Schlosstein
To change your address, please mark this box. [ ]
(INSTRUCTIONS: To withhold authority to vote for any individual nominee,
strike a line through that nominee’s name and check the “Exceptions” box above.)
To include any comments, please mark this box. [ ]
S C A N L I N E
Please sign exactly as your name appears on this proxy. When shares are held by joint tenants, both should
sign. When signing as attorney, executor, administrator, trustee, or guardian, please give full title as such. If
a corporation, please sign in full corporate name by president or other authorized officer. If a partnership, please
sign in partnership name by authorized person.

Date Share Owner sign here Co-Owner sign here

PROXY

BLACKROCK STRATEGIC DIVIDEND ACHIEVERS TM TRUST

COMMON SHARES

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES

The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the common shares of the BlackRock Strategic Dividend Achievers TM Trust (the “Trust”) held of record by the undersigned on February 28, 2006 at the Annual Meeting of Shareholders of the Trust to be held on May 23, 2006 or at any adjournments or postponements thereof.

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF.

Continued on the reverse side. Must be signed and dated on the reverse side.

HAS YOUR ADDRESS CHANGED?
BLACKROCK STRATEGIC
DIVIDEND ACHIEVERS TM TRUST P.O. BOX 11032 NEW YORK, N.Y. 10203-0032
DO YOU HAVE ANY COMMENTS?

YOUR VOTE IS IMPORTANT VOTE BY INTERNET / TELEPHONE 24 HOURS A DAY, 7 DAYS A WEEK

INTERNET TELEPHONE MAIL
https://www.proxyvotenow.com/bqy 1-866-265-2371
• Go to the website
address listed • Use any touch-tone telephone. • Mark, sign and date your proxy card.
above. OR • Have
your proxy card ready. OR • Detach your proxy card.
• Have
your proxy card ready. • Follow
the simple recorded • Return your proxy card
in the
• Follow the simple
instructions that instructions. postage-paid envelope
provided.
appear on your computer
screen. (must be received by the
Trust on or
before May 22, 2006)

Please submit your Internet or Telephone vote before 4:00 p.m., New York time, on May 22, 2006. \/ DETACH PROXY CARD HERE IF YOU ARE NOT VOTING BY TELEPHONE OR INTERNET \/

Please Sign, Date and Return
the Proxy Card Promptly x
Using the Enclosed Envelope. Votes must be indicated
(x) in Black or Blue ink.
1. Election of Trustees:
FOR WITHHOLD EXCEPTION
THE [ ] FROM THE [ ] [ ] BLACKROCK S&P QUALITY RANKINGS
NOMINEES NOMINEES GLOBAL EQUITY MANAGED TRUST
COMMON SHARES
Nominee: 01
- Frank J. Fabozzi
02 - Kathleen F. Feldstein
03 - Ralph L. Schlosstein
To change your address, please mark this box. [ ]
(INSTRUCTIONS: To withhold authority to vote for any individual nominee,
strike a line through that nominee’s name and check the “Exceptions” box above.)
To include any comments, please mark this box. [ ]
S C A N L I N E
Please sign exactly as your name appears on this proxy. When shares are held by joint tenants, both should
sign. When signing as attorney, executor, administrator, trustee, or guardian, please give full title as such. If
a corporation, please sign in full corporate name by president or other authorized officer. If a partnership, please
sign in partnership name by authorized person.

Date Share Owner sign here Co-Owner sign here

PROXY

BLACKROCK S&P QUALITY RANKINGS GLOBAL EQUITY MANAGED TRUST

COMMON SHARES

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES

The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the common shares of the BlackRock S&P Quality Rankings Global Equity Managed Trust (the “Trust”) held of record by the undersigned on February 28, 2006 at the Annual Meeting of Shareholders of the Trust to be held on May 23, 2006 or at any adjournments or postponements thereof.

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF.

Continued on the reverse side. Must be signed and dated on the reverse side.

HAS YOUR ADDRESS CHANGED?
BLACKROCK S&P QUALITY RANKINGS GLOBAL EQUITY MANAGED TRUST P.O. BOX 11066 NEW YORK, N.Y. 10203-0066
DO YOU HAVE ANY COMMENTS?

BlackRock Global Floating Rate Income Trust

[ ]
changes to your
name or address details above.

Annual Meeting Proxy Card - Common Shares

A Election of Trustees PLEASE REFER TO THE REVERSE SIDE FOR TELEPHONE AND INTERNET VOTING INSTRUCTIONS.

1. The Board of Trustees recommends a vote FOR the listed nominees. For Withhold
01 - Richard E. Cavanagh [ ] [ ]
02 - Ralph L. Schlosstein [ ] [ ]
Mark this box with an X if you have made comments below [ ]

B Authorized Signatures - Sign Here - This section must be completed for your instructions to be executed.

Please be sure to sign and date this proxy. Please sign exactly as your name appears on this proxy. When shares are held by joint tenants, both should sign. When signing as attorney, executor, administrator, trustee, or guardian, please give full title as such. If a corporation, please sign in full corporate name by president or other authorized officer. If a partnership, please sign in partnership name by authorized person.

Signature 1 - Please keep signature within the box
/ /

0 0 8 7 0 3 1 1 U P X C O Y

001CD40001 00JRQA

Proxy - BlackRock Global Floating Rate Income Trust

COMMON SHARES

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES

The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the common shares of the BlackRock Global Floating Rate Income Trust (the "Trust") held of record by the undersigned on February 28, 2006 at the Annual Meeting of Shareholders of the Trust to be held on May 23, 2006 or at any adjournments or postponements thereof.

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF.

PLEASE MARK BOXES IN BLUE OR BLACK INK.

SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE.

Telephone and Internet Voting Instructions

You can vote by telephone OR Internet! Available 24 hours a day 7 days a week! Instead of mailing your proxy, you may choose one of the two voting methods outlined below to vote your proxy.

| ● | To
vote using the Internet |
| --- | --- |
| Call toll free 1-800-652-VOTE (8683)
in the United States or Canada any time on a
touch tone telephone. There is NO
CHARGE to you for the call. Follow the simple instructions provided
by the recorded message. | Go to the following web site: WWW.COMPUTERSHARE.COM/EXPRESSVOTE Enter the information requested on
your computer screen and follow the simple
instructions. |

If you vote by telephone or the Internet, please DO NOT mail back this proxy card. Proxies submitted by telephone or the Internet must be received by 1:00 a.m., Central Time, on May 23, 2006. THANK YOU FOR VOTING

BlackRock Global Floating Rate Income Trust

[ ]
changes to your
name or address details above.

Annual Meeting Proxy Card - Preferred Shares

A Election of Trustees

1. The Board of Trustees recommends a vote FOR the listed nominees. For Withhold
01 - Richard E. Cavanagh [ ] [ ]
02 - Frank J. Fabozzi [ ] [ ]
03 - Kathleen F. Feldstein [ ] [ ]
04 - Ralph L. Schlosstein [ ] [ ]
Mark this box with an X if you have made comments below [ ]

B Authorized Signatures - Sign Here - This section must be completed for your instructions to be executed.

Please be sure to sign and date this proxy. Please sign exactly as your name appears on this proxy. When shares are held by joint tenants, both should sign. When signing as attorney, executor, administrator, trustee, or guardian, please give full title as such. If a corporation, please sign in full corporate name by president or other authorized officer. If a partnership, please sign in partnership name by authorized person.

Signature 1 - Please keep signature within the box
/ /

0 0 8 7 0 3 2 1 U P X C O Y

001CD40001 00JRRA

Proxy - BlackRock Global Floating Rate Income Trust

PREFERRED SHARES

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES

The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the preferred shares of the BlackRock Global Floating Rate Income Trust (the "Trust") held of record by the undersigned on February 28, 2006 at the Annual Meeting of Shareholders of the Trust to be held on May 23, 2006 or at any adjournments or postponements thereof.

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF.

PLEASE MARK BOXES IN BLUE OR BLACK INK.

SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE.

YOUR VOTE IS IMPORTANT VOTE BY INTERNET / TELEPHONE 24 HOURS A DAY, 7 DAYS A WEEK

INTERNET TELEPHONE MAIL
https://www.proxyvotenow.com/bgr 1-866-265-2401
• Go to the website
address listed • Use any touch-tone telephone. • Mark, sign and date your proxy card.
above. OR • Have
your proxy card ready. OR • Detach your proxy card.
• Have
your proxy card ready. • Follow
the simple recorded • Return your proxy card
in the
• Follow the simple
instructions that instructions. postage-paid envelope
provided.
appear on your computer
screen. (must be received by the
Trust on or
before May 22, 2006)

Please submit your Internet or Telephone vote before 4:00 p.m., New York time, on May 22, 2006. \/ DETACH PROXY CARD HERE IF YOU ARE NOT VOTING BY TELEPHONE OR INTERNET \/

Please Sign, Date and Return
the Proxy Card Promptly x
Using the Enclosed Envelope. Votes must be indicated
(x) in Black or Blue ink.
1. Election of Trustees:
FOR WITHHOLD EXCEPTION
THE [ ] FROM THE [ ] [ ] BLACKROCK
NOMINEES NOMINEES GLOBAL ENERGY AND RESOURCES TRUST
COMMON SHARES
Nominee: 01
- Frank J. Fabozzi
02 - Kathleen F. Feldstein
03 - Ralph L. Schlosstein
To change your address, please mark this box. [ ]
(INSTRUCTIONS: To withhold authority to vote for any individual nominee,
strike a line through that nominee’s name and check the “Exceptions” box above.)
To include any comments, please mark this box. [ ]
S C A N L I N E
(Please sign exactly as name or names appear hereon. Full title of one signing in representative capacity
should be clearly designated after signature. Names of all joint holders should be written even if signed by only
one.)

Date Share Owner sign here Co-Owner sign here

PROXY

BLACKROCK GLOBAL ENERGY AND RESOURCES TRUST

COMMON SHARES

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES

The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the common shares of the BlackRock Global Energy and Resources Trust (the “Trust”) held of record by the undersigned on February 28, 2006 at the Annual Meeting of Shareholders of the Trust to be held on May 23, 2006 or at any adjournments or postponements thereof.

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF.

Continued on the reverse side. Must be signed and dated on the reverse side.

HAS YOUR ADDRESS CHANGED?
BLACKROCK GLOBAL ENERGY AND RESOURCES TRUST P.O. BOX 11070 NEW YORK, N.Y. 10203-0070
DO YOU HAVE ANY COMMENTS?

YOUR VOTE IS IMPORTANT VOTE BY INTERNET / TELEPHONE 24 HOURS A DAY, 7 DAYS A WEEK

INTERNET TELEPHONE MAIL
https://www.proxyvotenow.com/bme 1-866-809-5294
• Go to the website
address listed • Use any touch-tone telephone. • Mark, sign and date your proxy card.
above. OR • Have
your proxy card ready. OR • Detach your proxy card.
• Have
your proxy card ready. • Follow
the simple recorded • Return your proxy card
in the
• Follow the simple
instructions that instructions. postage-paid envelope
provided.
appear on your computer
screen. (must be received by the
Trust on or
before May 22, 2006)

Please submit your Internet or Telephone vote before 4:00 p.m., New York time, on May 22, 2006. \/ DETACH PROXY CARD HERE IF YOU ARE NOT VOTING BY TELEPHONE OR INTERNET \/

Please Sign, Date and Return
the Proxy Card Promptly x
Using the Enclosed Envelope. Votes must be indicated
(x) in Black or Blue ink.
1. Election of Trustees:
FOR WITHHOLD EXCEPTION
THE [ ] FROM THE [ ] [ ] BLACKROCK HEALTH
SCIENCES TRUST
NOMINEES NOMINEES
COMMON SHARES
Nominee: 01
- Frank J. Fabozzi
02 - Kathleen F. Feldstein
03 - Ralph L. Schlosstein
To change your address, please mark this box. [ ]
(INSTRUCTIONS: To withhold authority to vote for any individual nominee,
strike a line through that nominee’s name and check the “Exceptions” box above.)
To include any comments, please mark this box. [ ]
S C A N L I N E
Please sign exactly as your name appears on this proxy. When shares are held by joint tenants, both should
sign. When signing as attorney, executor, administrator, trustee, or guardian, please give full title as such. If
a corporation, please sign in full corporate name by president or other authorized officer. If a partnership, please
sign in partnership name by authorized person.

Date Share Owner sign here Co-Owner sign here

PROXY

BLACKROCK HEALTH SCIENCES TRUST

COMMON SHARES

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES

The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the common shares of the BlackRock Health Sciences Trust (the “Trust”) held of record by the undersigned on February 28, 2006 at the Annual Meeting of Shareholders of the Trust to be held on May 23, 2006 or at any adjournments or postponements thereof.

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF.

Continued on the reverse side. Must be signed and dated on the reverse side.

HAS YOUR ADDRESS CHANGED?
BLACKROCK HEALTH SCIENCES TRUST P.O. BOX 11337 NEW YORK, N.Y. 10203-0337
DO YOU HAVE ANY COMMENTS?

BlackRock High Income Shares

[ ]
changes to your
name or address details above.

Annual Meeting Proxy Card - Common Shares

A Election of Trustees

1. The Board of Trustees recommends a vote FOR the listed nominees. For Withhold
01 - Frank J. Fabozzi [ ] [ ]
02 - Kathleen F. Feldstein [ ] [ ]
03 - Ralph L. Schlosstein [ ] [ ]
Mark this box with an X if you have made comments below [ ]

B Authorized Signatures - Sign Here - This section must be completed for your instructions to be executed.

Please be sure to sign and date this proxy. Please sign exactly as your name appears on this proxy. When shares are held by joint tenants, both should sign. When signing as attorney, executor, administrator, trustee, or guardian, please give full title as such. If a corporation, please sign in full corporate name by president or other authorized officer. If a partnership, please sign in partnership name by authorized person.

Signature 1 - Please keep signature within the box
/ /

0 0 8 7 0 7 1 1 U P X C O Y

001CD40001 00JQXA

Proxy - BlackRock High Income Shares

COMMON SHARES

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES

The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the common shares of the BlackRock High Income Shares (the "Trust") held of record by the undersigned on February 28, 2006 at the Annual Meeting of Shareholders of the Trust to be held on May 23, 2006 or at any adjournments or postponements thereof.

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF.

PLEASE MARK BOXES IN BLUE OR BLACK INK.

SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE.

YOUR VOTE IS IMPORTANT VOTE BY INTERNET / TELEPHONE 24 HOURS A DAY, 7 DAYS A WEEK

INTERNET TELEPHONE MAIL
https://www.proxyvotenow.com/boe 1-866-809-5291
• Go to the website
address listed • Use any touch-tone telephone. • Mark, sign and date your proxy card.
above. OR • Have
your proxy card ready. OR • Detach your proxy card.
• Have
your proxy card ready. • Follow
the simple recorded • Return your proxy card
in the
• Follow the simple
instructions that instructions. postage-paid envelope
provided.
appear on your computer
screen. (must be received by the
Trust on or
before May 22, 2006)

Please submit your Internet or Telephone vote before 4:00 p.m., New York time, on May 22, 2006. \/ DETACH PROXY CARD HERE IF YOU ARE NOT VOTING BY TELEPHONE OR INTERNET \/

Please Sign, Date and Return
the Proxy Card Promptly x
Using the Enclosed Envelope. Votes must be indicated
(x) in Black or Blue ink.
1. Election of Trustees:
FOR WITHHOLD EXCEPTION
THE [ ] FROM THE [ ] [ ] BLACKROCK GLOBAL
NOMINEES NOMINEES OPPORTUNITIES EQUITY TRUST
COMMON SHARES
Nominee: 01
- Frank J. Fabozzi
02 - Kathleen F. Feldstein
03 - Ralph L. Schlosstein
To change your address, please mark this box. [ ]
(INSTRUCTIONS: To withhold authority to vote for any individual nominee,
strike a line through that nominee’s name and check the “Exceptions” box above.)
To include any comments, please mark this box. [ ]
S C A N L I N E
Please sign exactly as your name appears on this proxy. When shares are held by joint tenants, both should
sign. When signing as attorney, executor, administrator, trustee, or guardian, please give full title as such. If
a corporation, please sign in full corporate name by president or other authorized officer. If a partnership, please
sign in partnership name by authorized person.

Date Share Owner sign here Co-Owner sign here

PROXY

BLACKROCK GLOBAL OPPORTUNITIES EQUITY TRUST

COMMON SHARES

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES

The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the common shares of the BlackRock Global Opportunities Equity Trust (the “Trust”) held of record by the undersigned on February 28, 2006 at the Annual Meeting of Shareholders of the Trust to be held on May 23, 2006 or at any adjournments or postponements thereof.

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF.

Continued on the reverse side. Must be signed and dated on the reverse side.

HAS YOUR ADDRESS CHANGED?
BLACKROCK GLOBAL OPPORTUNITIES EQUITY TRUST P.O. BOX 11330 NEW YORK, N.Y. 10203-0330
DO YOU HAVE ANY COMMENTS?

YOUR VOTE IS IMPORTANT VOTE BY INTERNET / TELEPHONE 24 HOURS A DAY, 7 DAYS A WEEK

INTERNET TELEPHONE MAIL
https://www.proxyvotenow.com/bdj 1-866-809-5292
• Go to the website
address listed • Use any touch-tone telephone. • Mark, sign and date your proxy card.
above. OR • Have
your proxy card ready. OR • Detach your proxy card.
• Have
your proxy card ready. • Follow
the simple recorded • Return your proxy card
in the
• Follow the simple
instructions that instructions. postage-paid envelope
provided.
appear on your computer
screen. (must be received by the
Trust on or
before May 22, 2006)

Please submit your Internet or Telephone vote before 4:00 p.m., New York time, on May 22, 2006. \/ DETACH PROXY CARD HERE IF YOU ARE NOT VOTING BY TELEPHONE OR INTERNET \/

Please Sign, Date and Return
the Proxy Card Promptly x
Using the Enclosed Envelope. Votes must be indicated
(x) in Black or Blue ink.
1. Election of Trustees:
FOR WITHHOLD EXCEPTION
THE [ ] FROM THE [ ] [ ] BLACKROCK ENHANCED
NOMINEES NOMINEES DIVIDEND ACHIEVERS TM TRUST
COMMON SHARES
Nominee: 01
- Frank J. Fabozzi
02 - Kathleen F. Feldstein
03 - Ralph L. Schlosstein
To change your address, please mark this box. [ ]
(INSTRUCTIONS: To withhold authority to vote for any individual nominee,
strike a line through that nominee’s name and check the “Exceptions” box above.)
To include any comments, please mark this box. [ ]
S C A N L I N E
Please sign exactly as your name appears on this proxy. When shares are held by joint tenants, both should
sign. When signing as attorney, executor, administrator, trustee, or guardian, please give full title as such. If
a corporation, please sign in full corporate name by president or other authorized officer. If a partnership, please
sign in partnership name by authorized person.

Date Share Owner sign here Co-Owner sign here

PROXY

BLACKROCK ENHANCED DIVIDEND ACHIEVERS TM TRUST

COMMON SHARES

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES

The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the common shares of the BlackRock Enhanced Dividend Achievers TM Trust (the “Trust”) held of record by the undersigned on February 28, 2006 at the Annual Meeting of Shareholders of the Trust to be held on May 23, 2006 or at any adjournments or postponements thereof.

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF.

Continued on the reverse side. Must be signed and dated on the reverse side.

HAS YOUR ADDRESS CHANGED?
BLACKROCK ENHANCED DIVIDEND ACHIEVERS TM TRUST P.O. BOX 11327 NEW YORK, N.Y. 10203-0327
DO YOU HAVE ANY COMMENTS?

YOUR VOTE IS IMPORTANT VOTE BY INTERNET / TELEPHONE 24 HOURS A DAY, 7 DAYS A WEEK

INTERNET TELEPHONE MAIL
https://www.proxyvotenow.com/bwc 1-866-809-5296
• Go to the website
address listed • Use any touch-tone telephone. • Mark, sign and date your proxy card.
above. OR • Have
your proxy card ready. OR • Detach your proxy card.
• Have
your proxy card ready. • Follow
the simple recorded • Return your proxy card
in the
• Follow the simple
instructions that instructions. postage-paid envelope
provided.
appear on your computer
screen. (must be received by the
Trust on or
before May 22, 2006)

Please submit your Internet or Telephone vote before 4:00 p.m., New York time, on May 22, 2006. \/ DETACH PROXY CARD HERE IF YOU ARE NOT VOTING BY TELEPHONE OR INTERNET \/

Please Sign, Date and Return
the Proxy Card Promptly x
Using the Enclosed Envelope. Votes must be indicated
(x) in Black or Blue ink.
1. Election of Trustees:
FOR WITHHOLD EXCEPTION
THE [ ] FROM THE [ ] [ ] BLACKROCK WORLD INVESTMENT TRUST
NOMINEES NOMINEES
COMMON SHARES
Nominee: 01
- Frank J. Fabozzi
02 - Kathleen F. Feldstein
03 - Ralph L. Schlosstein
To change your address, please mark this box. [ ]
(INSTRUCTIONS: To withhold authority to vote for any individual nominee,
strike a line through that nominee’s name and check the “Exceptions” box above.)
To include any comments, please mark this box. [ ]
S C A N L I N E
Please sign exactly as your name appears on this proxy. When shares are held by joint tenants, both should
sign. When signing as attorney, executor, administrator, trustee, or guardian, please give full title as such. If
a corporation, please sign in full corporate name by president or other authorized officer. If a partnership, please
sign in partnership name by authorized person.

Date Share Owner sign here Co-Owner sign here

PROXY

BLACKROCK WORLD INVESTMENT TRUST

COMMON SHARES

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES

The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the common shares of the BlackRock World Investment Trust (the “Trust”) held of record by the undersigned on February 28, 2006 at the Annual Meeting of Shareholders of the Trust to be held on May 23, 2006 or at any adjournments or postponements thereof.

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF.

Continued on the reverse side. Must be signed and dated on the reverse side.

HAS YOUR ADDRESS CHANGED?
BLACKROCK WORLD INVESTMENT TRUST P.O. BOX 11319 NEW YORK, N.Y. 10203-0319
DO YOU HAVE ANY COMMENTS?

BlackRock Long-Term Municipal Advantage Trust

[ ]
changes to your
name or address details above.

Annual Meeting Proxy Card - Common Shares

A Election of Trustees PLEASE REFER TO THE REVERSE SIDE FOR TELEPHONE AND INTERNET VOTING INSTRUCTIONS.

1. The Board of Trustees recommends a vote FOR the listed nominees. For Withhold
01 - Frank J. Fabozzi [ ] [ ]
02 - Kathleen F. Feldstein [ ] [ ]
03 - Ralph L. Schlosstein [ ] [ ]
Mark this box with an X if you have made comments below [ ]

B Authorized Signatures - Sign Here - This section must be completed for your instructions to be executed.

Please be sure to sign and date this proxy. Please sign exactly as your name appears on this proxy. When shares are held by joint tenants, both should sign. When signing as attorney, executor, administrator, trustee, or guardian, please give full title as such. If a corporation, please sign in full corporate name by president or other authorized officer. If a partnership, please sign in partnership name by authorized person.

Signature 1 - Please keep signature within the box
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001CD40001 00JQVA

Proxy - BlackRock Long-Term Municipal Advantage Trust

COMMON SHARES

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES

The undersigned hereby appoints Anne F. Ackerley, Henry Gabbay and James Kong, and each of them, as proxies, each with the power to appoint his or her substitute, and hereby authorizes them to represent and to vote, as designated on the reverse side hereof, all of the common shares of the BlackRock Long-Term Municipal Advantage Trust (the "Trust") held of record by the undersigned on February 28, 2006 at the Annual Meeting of Shareholders of the Trust to be held on May 23, 2006 or at any adjournments or postponements thereof.

THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL. IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS OR POSTPONEMENTS THEREOF.

PLEASE MARK BOXES IN BLUE OR BLACK INK.

SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED POSTAGE PAID ENVELOPE.

Telephone and Internet Voting Instructions

You can vote by telephone OR Internet! Available 24 hours a day 7 days a week! Instead of mailing your proxy, you may choose one of the two voting methods outlined below to vote your proxy.

| ● | To
vote using the Internet |
| --- | --- |
| Call toll free 1-800-652-VOTE (8683)
in the United States or Canada any time on a
touch tone telephone. There is NO
CHARGE to you for the call. Follow the simple instructions provided
by the recorded message. | Go to the following web site: WWW.COMPUTERSHARE.COM/EXPRESSVOTE Enter the information requested on
your computer screen and follow the simple
instructions. |

If you vote by telephone or the Internet, please DO NOT mail back this proxy card. Proxies submitted by telephone or the Internet must be received by 1:00 a.m., Central Time, on May 23, 2006. THANK YOU FOR VOTING

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