BLACKROCK INCOME TRUST, INC.

Regulatory Filings • Jan 28, 2010

N-Q 1 i00014_bkt-nq.htm

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number 811-05542

Name of Fund: BlackRock Income Trust, Inc. (BKT)

Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809

Name and address of agent for service: Anne F. Ackerley, Chief Executive Officer, BlackRock Income Trust, Inc., 55 East 52 nd Street, New York, NY 10055.

Registrant’s telephone number, including area code: (800) 882-0052, Option 4

Date of fiscal year end: 08/31/2010

Date of reporting period: 11/30/2009

Item 1 – Schedule of Investments

insert

BlackRock Income Trust, Inc. (BKT)
Schedule
of Investments November 30, 2009 (Unaudited)	(Percentages shown are based on Net Assets)

| | Asset-Backed
Securities | Par (000) | Value |
| --- | --- | --- | --- |
| Asset-Backed
Securities - 2.9% | Chase Issuance Trust,
Series 2007-A11, Class A11, 0.23%, 7/16/12 (a)(b) | $ 3,500 | $ 3,491,527 |
| | First Franklin Mortgage
Loan Asset Backed Certificates, Series 2005-FF2, Class M2, 0.68%, 3/25/35 (a) | 5,890 | 2,238,200 |
| | Freddie Mac Multiclass
Certificates, Series T-11, Class A9, 2.30%, 1/25/28 (a) | 3,088 | 2,959,361 |
| | GSAA Home Equity Trust,
Series 2005-1, Class AF2, 4.32%, 11/25/34 (a) | 2,004 | 1,897,138 |
| | Securitized Asset Backed
Receivables LLC Trust, Series 2005-OP2, Class M1, 0.67%, 10/25/35 (a) | 1,875 | 629,225 |
| | Small Business
Administration Participation Certificates, Series 1996-20E, Class 1, 7.60%,
5/01/16 | 334 | 365,868 |
| | Small Business
Administration Participation Certificates, Series 1996-20G, Class 1, 7.70%,
7/01/16 | 325 | 357,571 |
| | Small Business
Administration Participation Certificates, Series 1996-20H, Class 1, 7.25%,
8/01/16 | 501 | 549,491 |
| | Small Business
Administration Participation Certificates, Series 1996-20K, Class 1, 6.95%,
11/01/16 | 747 | 805,022 |
| | Small Business
Administration Participation Certificates, Series 1997-20C, Class 1, 7.15%,
3/01/17 | 312 | 343,767 |
| | Structured Asset
Receivables Trust, Series 2003-1A, Class CTFS, 0.78%, 1/21/10 (a)(c) | 317 | 310,910 |
| | | | 13,948,080 |
| Interest
Only - 0.3% | Small Business
Administration, Series 1, 1.00%, 4/01/15 | 2,606 | 26,057 |
| | Sterling Bank Trust,
Series 2004-2, Class Note, 2.08%, 3/30/30 (c) | 6,408 | 422,542 |
| | Sterling Coofs Trust,
Series 1, 2.36%, 4/15/29 | 10,404 | 1,011,119 |
| | | | 1,459,718 |
| | Total
Asset-Backed Securities - 3.2% | | 15,407,798 |
| | Non-Agency
Mortgage-Backed Securities | | |
| Collateralized
Mortgage Obligations - 3.8% | Collateralized Mortgage
Obligation Trust, Series 40, Class R, 0.58%, 4/01/18 | 210 | 210 |
| | Countrywide Alternative
Loan Trust, Series 2005-28CB, Class 1A5, 5.50%, 8/25/35 | 2,355 | 2,093,103 |
| | Deutsche Alt-A Securities
Inc. Mortgage, Series 2006-AR5, Class 22A, 5.50%, 10/25/21 | 1,573 | 1,212,462 |
| | Homebanc Mortgage Trust,
Series 2005-4, Class A1, 0.51%, 10/25/35 (a) | 3,851 | 2,571,636 |
| | JPMorgan Mortgage Trust,
Series 2006-A7, Class 2A2, 5.77%, 1/25/37
(a) | 919 | 710,567 |

1

BlackRock Income Trust, Inc. (BKT)
Schedule
of Investments November 30, 2009 (Unaudited)	(Percentages shown are based on Net Assets)

| | Non-Agency
Mortgage-Backed Securities | Par (000) | Value |
| --- | --- | --- | --- |
| | Kidder Peabody Acceptance
Corp., Series 1993-1, Class A6, 16.18%, 8/25/23 (a) | $ 99 | $ 90,096 |
| | Residential Funding
Securities LLC, Series 2003-RM2, Class AI5, 8.50%, 5/25/33 | 6,563 | 6,369,510 |
| | Structured Adjustable Rate
Mortgage Loan Trust, Series 2004-11, Class A, 0.34%, 8/25/34 (a) | 1,702 | 1,721,499 |
| | WaMu Mortgage Pass-Through
Certificates, Series 2005-AR4, Class A3, 4.59%, 4/25/35 (a) | 965 | 961,234 |
| | WaMu Mortgage Pass-Through
Certificates, Series 2006-AR1, Class 2A1C, 2.12%, 1/25/46 (a) | 6,168 | 2,343,711 |
| | | | 18,074,028 |
| Commercial
Mortgage-Backed Securities - 7.9% | Credit Suisse Mortgage
Capital Certificates, Series 2006-C5, Class A2, 5.25%, 12/15/39 (d) | 14,000 | 14,067,670 |
| | Credit Suisse Mortgage
Capital Certificates, Series 2007-C2, Class A3, 5.54%, 1/15/49 (a) | 2,420 | 1,892,830 |
| | First Union-Lehman
Brothers Commercial Mortgage, Series 1997-C2, Class D, 7.12%, 11/18/29 | 3,500 | 3,783,590 |
| | JPMorgan Chase Commercial
Mortgage Securities Corp., Series 2007-LD1, Class A2, 5.80%, 6/15/49 (a) | 15,000 | 15,207,922 |
| | Wachovia Bank Commercial
Mortgage Trust, Series 2007-C32, Class A2, 5.74%, 6/15/49 (a) | 2,200 | 2,201,848 |
| | | | 37,153,860 |
| Interest
Only Collateralized Mortgage Obligations - 2.0% | Bank of America Mortgage
Securities Inc., Series 2003-3, Class 1AIO, 0.29%, 5/25/18 (a) | 145,290 | 773,858 |
| | CS First Boston Mortgage
Securities Corp., Series 1997-C1, Class AX, 1.67%, 6/20/29 (a)(c) | 4,569 | 181,214 |
| | CitiMortgage Alternative
Loan Trust, Series 2007-A5, Class 1A7, 6.00%, 5/25/37 | 1,430 | 168,356 |
| | Collateralized Mortgage
Obligation Trust, Series 42, Class R, 6.00%, 10/01/14 | 23 | 1,465 |
| | Commercial Mortgage
Acceptance Corp., Series 1997-ML1, Class IO, 0.70%, 12/15/30 (a) | 11,873 | 345,335 |
| | First Boston Mortgage
Securities Corp., Series C, Class I-O, 10.97%, 4/25/17 | 49 | 6,361 |
| | GSMPS Mortgage Loan Trust,
Series 1998-5, Class IO, 0.97%, 6/19/27 (a)(c) | 5,855 | 117,107 |
| | IndyMac INDX Mortgage Loan
Trust, Series 2006-AR33, Class 4AX, 0.17%, 1/25/37 | 133,849 | 650,508 |
| | Kidder Peabody Mortgage
Assets Trust, Series B, Class A2, 9.50%, 4/22/18 | 39 | 1,173 |
| | MASTR Adjustable Rate
Mortgages Trust, Series 2004-3, Class 3AX, 0.98%, 4/25/34 | 15,386 | 178,477 |
| | MASTR Alternative Loans
Trust, Series 2003-9, Class 15X2, 6.00%, 1/25/19 | 863 | 119,301 |
| | Morgan Stanley Capital I,
Series 1997-HF1, Class X, 3.44%, 7/15/29 (a)(c) | 46 | 2 |

2

BlackRock Income Trust, Inc. (BKT)
Schedule
of Investments November 30, 2009 (Unaudited)	(Percentages shown are based on Net Assets)

| | Non-Agency
Mortgage-Backed Securities | Par (000) | Value |
| --- | --- | --- | --- |
| | Morgan Stanley Mortgage
Loan Trust, Series 2004-3, Class 1AX, 5.00%, 5/25/19 | $ 900 | $ 53,977 |
| | Sequoia Mortgage Trust,
Series 2005-2, Class XA, 1.00%, 3/20/35 (a) | 41,842 | 678,266 |
| | Structured Adjustable Rate
Mortgage Loan Trust, Series 2005-18, Class 7AX, 5.50%, 9/25/35 (a) | 3,566 | 445,749 |
| | Structured Adjustable Rate
Mortgage Loan Trust, Series 2005-20, Class 3AX, 5.50%, 10/25/35 | 2,930 | 388,418 |
| | Structured Adjustable Rate
Mortgage Loan Trust, Series 2006-2, Class 4AX, 5.50%, 3/25/36 (a) | 10,014 | 1,376,989 |
| | Structured Adjustable Rate
Mortgage Loan Trust, Series 2006-7, Class 3AS, 2.37%, 8/25/36 (a) | 34,854 | 3,783,383 |
| | Vendee Mortgage Trust,
Series 1999-2, Class 1IO, 0.05%, 5/15/29 (a) | 68,410 | 117,344 |
| | | | 9,387,283 |
| Principal
Only Collateralized Mortgage Obligations - 1.2% | Countrywide Home Loan
Mortgage Pass-Through Trust, Series 2003-26, Class PO, 0.00%, 8/25/33 | 3,355 | 2,472,549 |
| | Countrywide Home Loan
Mortgage Pass-Through Trust, Series 2003-J4, Class PO, 0.00%, 6/25/33 | 647 | 470,394 |
| | Countrywide Home Loan Mortgage
Pass-Through Trust, Series 2003-J5, Class PO, 0.00%, 7/25/33 | 1,051 | 712,815 |
| | Countrywide Home Loan
Mortgage Pass-Through Trust, Series 2003-J8, Class PO, 0.00%, 9/25/23 | 817 | 604,150 |
| | Drexel Burnham Lambert CMO
Trust, Series K, Class 1, 0.00%, 9/23/17 | 15 | 14,570 |
| | Drexel Burnham Lambert CMO
Trust, Series V, Class 1, 0.00%, 9/01/18 | 110 | 105,491 |
| | MASTR Asset Securitization
Trust, Series 2004-3, Class 4A15, 0.00%, 3/25/34 | 306 | 178,327 |
| | Residential Asset
Securitization Trust, Series 2005-A15, Class 1A8, 0.00%, 2/25/36 | 983 | 338,700 |
| | Structured Mortgage Asset
Residential Trust, Series 1993-3C, Class CX, 0.00%, 4/25/24 | 8 | 5,499 |
| | Washington Mutual
Alternative Mortgage Pass- Through Certificates, Series 2005-9, Class CP, 0.00%,
11/25/35 | 844 | 507,790 |
| | | | 5,410,285 |
| | Total
Non-Agency Mortgage-Backed Securities - 14.9% | | 70,025,456 |
| | U.S.
Government Sponsored Agency Securities | | |
| Agency
Obligations - 3.5% | Federal Housing
Administration, General Motors Acceptance Corp. Projects, Series 56, 7.43%,
11/01/22 | 244 | 241,717 |
| | Federal Housing
Administration, Merrill Projects, Series 54, 7.43%, 5/15/23 | 2 | 2,168 |
| | Federal Housing
Administration, Reilly Project, Series 41, 8.28%, 3/01/20 | 667 | 660,419 |

3

BlackRock Income Trust, Inc. (BKT)
Schedule
of Investments November 30, 2009 (Unaudited)	(Percentages shown are based on Net Assets)

| | U.S.
Government Sponsored Agency Securities — Federal Housing
Administration, USGI Projects, Series 87, 7.43%, 12/01/22 | Par (000) — $ 73 | $ | 72,025 |
| --- | --- | --- | --- | --- |
| | Federal Housing
Administration, USGI Projects, Series 99, 7.43%, 6/01/21 - 10/01/23 | 5,116 | | 5,064,388 |
| | Overseas Private
Investment Corp., 4.09%, 5/29/12 | 352 | | 346,341 |
| | Overseas Private
Investment Corp., 4.30%, 5/29/12 | 885 | | 883,451 |
| | Overseas Private
Investment Corp., 4.64%, 5/29/12 | 749 | | 747,393 |
| | Overseas Private
Investment Corp., 4.68%, 5/29/12 | 424 | | 414,576 |
| | Overseas Private
Investment Corp., 4.87%, 5/29/12 | 3,224 | | 3,218,939 |
| | Resolution Funding Corp.,
9.89%, 4/15/30 (e) | 13,000 | | 4,870,411 |
| | | | | 16,521,828 |
| Collateralized
Mortgage Obligations - 16.3% | Fannie Mae Trust, Series
1991-38, Class F, 8.33%, 4/25/21 (a) | 20 | | 21,174 |
| | Fannie Mae Trust, Series
1991-38, Class SA, 10.19%, 4/25/21 (a) | 21 | | 20,968 |
| | Fannie Mae Trust, Series
1991-46, Class S, 1.40%, 5/25/21 (a) | 128 | | 8,356 |
| | Fannie Mae Trust, Series
1991-87, Class S, 26.02%, 8/25/21 (a) | 80 | | 112,582 |
| | Fannie Mae Trust, Series
1993-247, Class SN, 10.00%, 12/25/23 (a) | 616 | | 625,386 |
| | Fannie Mae Trust, Series
2003-32, Class VT 6.00%, 9/25/15 | 5,542 | | 5,812,439 |
| | Fannie Mae Trust, Series
2003-135, Class PB, 6.00%, 1/25/34 | 12,264 | | 13,499,993 |
| | Fannie Mae Trust, Series
2004-28, Class PB, 6.00%, 8/25/28 | 1,164 | | 1,174,874 |
| | Fannie Mae Trust, Series
2004-29, Class HC, 7.50%, 7/25/30 | 1,456 | | 1,560,408 |
| | Fannie Mae Trust, Series
2004-31, Class ZG, 7.50%, 5/25/34 | 2,783 | | 3,152,508 |
| | Fannie Mae Trust, Series
2005-68, Class PC, 5.50%, 7/25/35 | 1,567 | | 1,693,110 |
| | Fannie Mae Trust, Series
2005-73, Class DS, 16.94%, 8/25/35 (a) | 4,247 | | 4,887,675 |
| | Fannie Mae Trust, Series
2006-2, Class KP, 0.00%, 2/25/35 (a) | 935 | | 789,639 |
| | Fannie Mae Trust, Series
G-7, Class S, 116.20%, 3/25/21 (a) | — | (f) | 5,923 |
| | Fannie Mae Trust, Series
G-17, Class S, 0.58%, 6/25/21 (a) | 364 | | 8,007 |

4

BlackRock Income Trust, Inc. (BKT)
Schedule
of Investments November 30, 2009 (Unaudited)	(Percentages shown are based on Net Assets)

| | U.S.
Government Sponsored Agency Securities — Fannie Mae Trust, Series
G-49, Class S, 8.80%, 12/25/21 (a) | Par (000) — — | (f) | Value — $ 3,432 |
| --- | --- | --- | --- | --- |
| | Freddie Mac Multiclass
Certificates, Series 19, Class F, 8.50%, 3/15/20 | $ 132 | | 143,757 |
| | Freddie Mac Multiclass
Certificates, Series 19, Class R, 9.76%, 3/15/20 (a) | 13 | | 2,092 |
| | Freddie Mac Multiclass Certificates,
Series 40, Class K, 6.50%, 8/17/24 | 498 | | 540,764 |
| | Freddie Mac Multiclass
Certificates, Series 75, Class R, 9.50%, 1/15/21 | — | (f) | 4 |
| | Freddie Mac Multiclass
Certificates, Series 75, Class RS, 20.04%, 1/15/21 (a) | — | (f) | 4 |
| | Freddie Mac Multiclass
Certificates, Series 173, Class R, 0.00%, 11/15/21 | 18 | | 18 |
| | Freddie Mac Multiclass
Certificates, Series 173, Class RS, 9.17%, 11/15/21 (a) | — | (f) | 18 |
| | Freddie Mac Multiclass
Certificates, Series 1057, Class J, 1.01%, 3/15/21 | 113 | | 2,666 |
| | Freddie Mac Multiclass
Certificates, Series 1160, Class F, 39.10%, 10/15/21 (a) | 26 | | 46,543 |
| | Freddie Mac Multiclass
Certificates, Series 1961, Class H, 6.50%, 5/15/12 | 73 | | 74,615 |
| | Freddie Mac Multiclass
Certificates, Series 2218, Class Z, 8.50%, 3/15/30 | 6,984 | | 7,812,427 |
| | Freddie Mac Multiclass
Certificates, Series 2542, Class UC, 6.00%, 12/15/22 | 10,200 | | 11,186,020 |
| | Freddie Mac Multiclass
Certificates, Series 2758, Class KV, 5.50%, 5/15/23 | 10,426 | | 11,358,632 |
| | Freddie Mac Multiclass
Certificates, Series 2765, Class UA, 4.00%, 3/15/11 | 994 | | 995,305 |
| | Freddie Mac Multiclass
Certificates, Series 2861, Class AX, 10.45%, 9/15/34 (a) | 415 | | 447,257 |
| | Freddie Mac Multiclass
Certificates, Series 2927, Class BZ, 5.50%, 2/15/35 | 2,693 | | 2,855,307 |
| | Freddie Mac Multiclass
Certificates, Series 3061, Class BD, 7.50%, 11/15/35 | 1,944 | | 1,974,142 |
| | Ginnie Mae Trust, Series
1996-5, Class Z, 7.00%, 5/16/26 | 735 | | 811,098 |
| | Ginnie Mae Trust, Series
2001-33, Class PB, 6.50%, 7/20/31 | 1,199 | | 1,288,266 |
| | Ginnie Mae Trust, Series
2004-89, Class PE, 6.00%, 10/20/34 | 3,392 | | 3,727,541 |
| | | | | 76,642,950 |
| Federal
Deposit Insurance Corporation Guaranteed - 0.8% | Citigroup Funding, Inc.
1.88%, 10/22/12 (g) | 3,800 | | 3,852,926 |
| Interest
Only Collateralized Mortgage Obligations - 2.1% | Fannie Mae Trust, Series
7, Class 2, 8.50%, 4/01/17 | 7 | | 1,001 |

5

BlackRock Income Trust, Inc. (BKT)
Schedule
of Investments November 30, 2009 (Unaudited)	(Percentages shown are based on Net Assets)

| U.S.
Government Sponsored Agency Securities | Par (000) | Value |
| --- | --- | --- |
| Fannie Mae Trust, Series
89, Class 2, 8.00%, 10/01/18 | $ 13 | $ 1,662 |
| Fannie Mae Trust, Series
94, Class 2, 9.50%, 8/01/21 | 4 | 856 |
| Fannie Mae Trust, Series
1990-123, Class M, 1.01%, 10/25/20 | 30 | 671 |
| Fannie Mae Trust, Series
1990-136, Class S, 0.02%, 11/25/20 (a) | 18,671 | 25,165 |
| Fannie Mae Trust, Series
1991-38, Class N, 1.01%, 4/25/21 | 15 | 84 |
| Fannie Mae Trust, Series
1991-99, Class L, 0.93%, 8/25/21 | 168 | 3,339 |
| Fannie Mae Trust, Series
1991-139, Class PT, 0.65%, 10/25/21 | 315 | 4,519 |
| Fannie Mae Trust, Series
1993-199,Class SB, 2.63%, 10/25/23 (a) | 1,377 | 163,447 |
| Fannie Mae Trust, Series
1996-68, Class SC, 2.26%, 1/25/24 (a) | 995 | 79,040 |
| Fannie Mae Trust, Series
1997-50, Class SI, 1.20%, 4/25/23 (a) | 476 | 15,112 |
| Fannie Mae Trust Series
1997-90, Class M, 6.00%, 1/25/28 | 9,015 | 1,541,556 |
| Fannie Mae Trust, Series
1999-W4, Class IO, 6.50%, 12/25/28 | 459 | 76,527 |
| Fannie Mae Trust, Series
2003-122, Class IC, 5.00%, 9/25/18 | 1,751 | 27,654 |
| Fannie Mae Trust, Series
2004-90, Class JH, 1.83%, 11/25/34 (a) | 20,469 | 1,938,197 |
| Fannie Mae Trust, Series
2005-43, Class IC, 6.00%, 3/25/34 | 703 | 16,796 |
| Fannie Mae Trust, Series
2009-3, Class JI, 6.00%, 1/25/49 | 20,430 | 2,730,619 |
| Fannie Mae Trust, Series
G-10, Class S, 0.58%, 5/25/21 (a) | 720 | 17,914 |
| Fannie Mae Trust, Series
G-12, Class S, 0.61%, 5/25/21 (a) | 581 | 12,824 |
| Fannie Mae Trust, Series
G-33, Class PV, 1.08%, 10/25/21 | 442 | 10,297 |
| Fannie Mae Trust, Series
G-50, Class G, 1.16%, 12/25/21 | 216 | 2,274 |
| Fannie Mae Trust, Series
G92-5, Class H, 9.00%, 1/25/22 | 132 | 21,921 |
| Fannie Mae Trust, Series
G92-12, Class C, 1.02%, 2/25/22 | 356 | 8,148 |
| Fannie Mae Trust, Series
G92-60, Class SB, 1.60%, 10/25/22 (a) | 378 | 14,476 |

6

BlackRock Income Trust, Inc. (BKT)
Schedule
of Investments November 30, 2009 (Unaudited)	(Percentages shown are based on Net Assets)

| | U.S.
Government Sponsored Agency Securities — Freddie Mac Multiclass
Certificates, Series 176, Class M, 1.01%, 7/15/21 | Par (000) — $ 37 | $ | 813 |
| --- | --- | --- | --- | --- |
| | Freddie Mac Multiclass
Certificates, Series 192, Class U, 1.01%, 2/15/22 (a) | 3 | | 70 |
| | Freddie Mac Multiclass
Certificates, Series 200, Class R, 98.52%, 12/15/22 (a) | 1 | | 19 |
| | Freddie Mac Multiclass
Certificates, Series 1043, Class H, 0.02%, 2/15/21 (a) | 10,108 | | 19,125 |
| | Freddie Mac Multiclass
Certificates, Series 1054, Class I, 0.44%, 3/15/21 (a) | 103 | | 1,947 |
| | Freddie Mac Multiclass
Certificates, Series 1056, Class KD, 1.08%, 3/15/21 | 88 | | 2,192 |
| | Freddie Mac Multiclass
Certificates, Series 1148, Class E, 0.59%, 10/15/21 (a) | 277 | | 5,762 |
| | Freddie Mac Multiclass
Certificates, Series 1179, Class O, 1.01%, 11/15/21 | 18 | | 52 |
| | Freddie Mac Multiclass
Certificates, Series 1914, Class PC, 0.75%, 12/15/11 | 827 | | 4,030 |
| | Freddie Mac Multiclass
Certificates, Series 2444, Class ST, 2.36%, 9/15/29 (a) | 17 | | 64 |
| | Freddie Mac Multiclass
Certificates, Series 2545, Class NI, 5.50%, 3/15/22 | 978 | | 50,840 |
| | Freddie Mac Multiclass
Certificates, Series 2559, Class IO, 5.00%, 8/15/30 (a) | 308 | | 3,775 |
| | Freddie Mac Multiclass
Certificates, Series 2611, Class QI, 5.50%, 9/15/32 | 6,976 | | 786,258 |
| | Freddie Mac Multiclass
Certificates, Series 2687, Class IL, 5.00%, 9/15/18 | 1,598 | | 25,835 |
| | Freddie Mac Multiclass
Certificates, Series 2694, Class LI, 4.50%, 7/15/19 | 1,042 | | 32,605 |
| | Freddie Mac Multiclass
Certificates, Series 2906, Class SW, 6.25%, 11/15/34 (a) | 23,775 | | 2,175,970 |
| | Freddie Mac Multiclass
Certificates, Series 2949, Class IO, 5.50%, 3/15/35 | 1,288 | | 117,590 |
| | Freddie Mac Multiclass
Certificates, Series 3299, Class TI, 5.00%, 4/15/37 | 265 | | 1,198 |
| | | | | 9,942,244 |
| Mortgaged-Backed
Securities - 88.6% | Fannie Mae Mortgage Backed
Securities: | 2,500 | | 2,510,548 |
| | 4.00%, 12/15/39 (h) | | | |
| | 4.50%, 7/01/39 - 12/15/39 (g)(h) | 48,295 | | 49,580,095 |
| | 5.00%, 1/01/23 - 12/15/39 (g)(h) | 137,950 | | 144,717,381 |
| | 5.50%, 12/15/24 - 1/15/40 (h) | 118,400 | | 125,741,974 |
| | 5.97%, 8/01/16 | 3,117 | | 3,516,028 |
| | 6.50%, 1/15/40 (h) | 39,000 | | 42,016,416 |
| | 7.50%, 2/01/22 | — | (f) | 185 |
| | 9.50%, 1/01/19 - 9/01/19 | 3 | | 3,826 |

7

BlackRock Income Trust, Inc. (BKT)
Schedule
of Investments November 30, 2009 (Unaudited)	(Percentages shown are based on Net Assets)

| | U.S.
Government Sponsored Agency Securities | Par (000) | | |
| --- | --- | --- | --- | --- |
| | Freddie Mac Mortgage
Backed Securities: | | | |
| | 3.98%, 1/01/35 (a) | $ 214 | $ | 220,569 |
| | 4.51%, 11/01/17 (a) | 22 | | 22,437 |
| | 4.99%, 10/01/34 (a)(g) | 632 | | 657,788 |
| | 5.00%, 2/01/22 - 4/01/22
(g) | 2,397 | | 2,557,491 |
| | 5.50%, 12/15/24 (h) | 7,000 | | 7,492,184 |
| | 6.50%, 12/15/39 (h) | 100 | | 107,938 |
| | 8.00%, 11/01/15 | — | (f) | 99 |
| | 9.00%, 9/01/20 | 80 | | 88,717 |
| | Ginnie Mae Mortgage Backed
Securities: | | | |
| | 5.00%, 12/15/39 (h) | 23,900 | | 25,121,147 |
| | 6.50%, 12/15/39 (h) | 10,800 | | 11,584,685 |
| | 7.50%, 8/15/21 - 12/15/23 | 325 | | 369,101 |
| | 8.00%, 10/15/22 - 2/15/29 | 103 | | 118,179 |
| | 9.00%, 6/15/18 - 9/15/21 | 10 | | 11,950 |
| | | | | 416,438,738 |
| Principal
Only Collateralized Mortgage Obligations - 2.0% | Fannie Mae Trust, Series
203, Class 1, 0.00%, 2/01/23 | 29 | | 26,144 |
| | Fannie Mae Trust, Series
228, Class 1, 0.00%, 6/01/23 | 19 | | 17,327 |
| | Fannie Mae Trust, Series
328, Class 1, 0.00%, 12/01/32 | 2,924 | | 2,598,654 |
| | Fannie Mae Trust, Series
338, Class 1, 0.00%, 7/01/33 | 2,480 | | 2,202,953 |
| | Fannie Mae Trust, Series
1991-7, Class J, 0.00%, 2/25/21 | 31 | | 28,166 |
| | Fannie Mae Trust, Series
1991-167, Class D, 0.00%, 10/25/17 | 5 | | 4,807 |
| | Fannie Mae Trust, Series
1993-51, Class E, 0.00%, 2/25/23 | 96 | | 84,008 |
| | Fannie Mae Trust, Series
1993-70, Class A, 0.00%, 5/25/23 | 16 | | 14,074 |
| | Fannie Mae Trust, Series
1993-249, Class B, 0.00%, 11/25/23 | 1,405 | | 1,252,421 |
| | Fannie Mae Trust, Series
1999-W4, Class PO, 0.00%, 2/25/29 | 233 | | 211,097 |
| | Fannie Mae Trust, Series
2002-13, Class PR, 0.00%, 3/25/32 | 591 | | 542,847 |
| | Fannie Mae Trust, Series
G93-2, Class KB, 0.00%, 1/25/23 | 215 | | 198,270 |
| | Freddie Mac Multiclass
Certificates, Series 1418, Class M, 0.00%, 11/15/22 | 107 | | 97,136 |
| | Freddie Mac Multiclass
Certificates, Series 1571, Class G, 0.00%, 8/15/23 | 575 | | 509,410 |
| | Freddie Mac Multiclass
Certificates, Series 1691, Class B, 0.00%, 3/15/24 | 1,444 | | 1,286,857 |

8

BlackRock Income Trust, Inc. (BKT)
Schedule
of Investments November 30, 2009 (Unaudited)	(Percentages shown are based on Net Assets)

| | U.S.
Government Sponsored Agency Securities — Freddie Mac Multiclass
Certificates, Series 1739, Class B, 0.00%, 2/15/24 | Par (000) — $ 102 | $ | 96,249 | |
| --- | --- | --- | --- | --- | --- |
| | Freddie Mac Multiclass
Certificates, Series T-8, Class A10, 0.00%, 11/15/28 | 172 | | 153,034 | |
| | | | | 9,323,454 | |
| | Total
U.S. Government Sponsored Agency Securities - 113.3% | | | 532,722,140 | |
| | U.S.
Treasury Obligations | | | | |
| | U.S. Treasury Notes,
1.75%, 8/15/12 (b)(g) | 7,850 | | 8,013,743 | |
| | U.S. Treasury Notes,
3.63%, 8/15/19 (g) | 16,930 | | 17,517,268 | |
| | U.S. Treasury Notes,
4.50%, 8/15/39 | 330 | | 346,706 | |
| | U.S. Treasury Strips,
5.75%, 11/15/24 (e)(g)(i) | 40,000 | | 21,511,080 | |
| | Total
U.S. Treasury Obligations - 10.1% | | | 47,388,797 | |
| | Total
Long-Term Investments (Cost - $662,361,184) - 141.5% | | | 665,544,191 | |
| | Short-Term
Securities | Shares | | | |
| | BlackRock Liquidity Funds,
TempFund, Institutional Class, 0.16% (j)(k) | 209,078,389 | | 209,078,389 | |
| | Total Short-Term
Securities (Cost - $209,078,389) - 44.5% | | | 209,078,389 | |
| | Options
Purchased | Contracts (l) | | | |
| Over-the-Counter
Call Swaptions Purchased | Receive a fixed rate of
3.41% and pay a floating rate based on 3-month USD LIBOR, expires 4/06/10,
Broker Deutsche Bank AG | 15 | | 312,440 | |
| | Receive a fixed rate of
5.47% and pay a floating rate based on 3-month LIBOR, expires 5/19/12, Broker
Bank of America NA | 6 | | 808,536 | |
| | | | | 1,120,976 | |
| Over-the-Counter
Put Swaptions Purchased | Pay a fixed rate of 3.41%
and received a floating rate based April 3-month USD LIBOR, expires 4/06/10,
Broker Deutsche Bank AG | 15 | | 386,301 | |
| | Pay a fixed rate of 5.47%
and receive a floating rate based 3-month LIBOR, expires 5/19/12, Broker Bank
of America NA | 6 | | 211,581 | |
| | | | | 597,882 | |
| | Total
Options Purchased (Cost - $1,652,980) - 0.4% | | | 1,718,858 | |
| | Total
Investments Before TBA Sale Commitments and Options Written (Cost - $873,092,553*) - 186.4% | | | 876,341,438 | |
| | TBA Sale
Commitments (h) | Par (000) | | | |
| | Fannie Mae Mortgage Backed
Securities, 5.00%, 1/01/23 - 12/15/39 | $ (2,600 | ) | (2,761,689 | ) |
| | Freddie Mac Mortgage
Backed Securities, 5.00%, 2/01/22 - 4/01/22 | (2,300 | ) | (2,442,671 | ) |
| | Total TBA
Sale Commitments (Proceeds - $5,166,922) - (1.1)% | | | (5,204,360 | ) |

9

BlackRock Income Trust, Inc. (BKT)
Schedule
of Investments November 30, 2009 (Unaudited)	(Percentages shown are based on Net Assets)

| Over-the-Counter
Call Swaptions Written | Options
Written — Pay a fixed rated of 2.38%
and receive a floating rate based on 3-month USD LIBOR, expires 12/19/09,
Broker Barclays Bank, Plc | 5 | Value — $ (49 | ) |
| --- | --- | --- | --- | --- |
| | Pay a fixed rated of 5.67%
and receive a floating rate based on 3-month LIBOR, expires 1/16/10, Broker
Citibank NA | 12 | (2,508,569 | ) |
| | Pay a fixed rated of 3.65%
and receive a floating rate based on 3-month USD LIBOR, expires 3/20/10,
Broker Citibank NA | 25 | (841,600 | ) |
| | Pay a fixed rate of 3.43%
and receive a floating rate based on 3-month USD LIBOR, expires 3/19/11,
Broker JPMorgan Chase Bank NA | 7 | (207,977 | ) |
| | Pay a fixed rate of 5.33%
and receive a floating rate based on 3-month LIBOR, expires 7/20/13, Broker
JPMorgan Chase Bank NA | 11 | (815,095 | ) |
| | | | (4,373,290 | ) |
| Over-the-Counter
Put Swaptions | Receive a fixed rate of
2.38% and pay a floating rate based on 3-month USD LIBOR, expires 12/19/09,
Broker Barclays Bank, Plc | 5 | (402,893 | ) |
| | Receive a fixed rate of
5.67% and pay a floating rate based on 3-month LIBOR, expires 1/16/10, Broker
Citibank NA | 12 | (124 | ) |
| | Receive a fixed rate of
3.65% and pay floating rate based on 3-month LIBOR, expires 3/20/10, Broker
Citibank NA | 25 | (417,450 | ) |
| | Receive a fixed rate of
3.43% and pay a floating rate based on 3-month USD LIBOR, expires 3/19/11,
Broker JPMorgan Chase Bank NA | 7 | (480,893 | ) |
| | Receive a fixed rate of
5.33% and pay a floating rate based on 3-month LIBOR, expires 7/20/13, Broker
JPMorgan Chase Bank NA | 11 | (293,440 | ) |
| | | | (1,594,800 | ) |
| | Total
Options Written (Premiums Received - $4,764,585) - (1.3)% | | (5,968,090 | ) |
| | Total
Investments, Net of TBA Sale Commitments and Options Written - 184.0% | | 865,168,988 | |
| | Liabilities
in Excess of Other Assets - (84.0)% | | (394,986,770 | ) |
| | Net
Assets - 100.0% | | $ 470,182,218 | |

• The cost and unrealized appreciation (depreciation) of investments as of November 30, 2009, as computed for federal income tax purposes, were as follows:

Aggregate cost	$
Gross unrealized
appreciation	$ 28,707,335
Gross unrealized
depreciation	(25,496,049	)
Net unrealized
appreciation	$ 3,211,286

| (a) | Variable rate security.
Rate shown is as of report date. |
| --- | --- |
| (b) | All or a portion of the
security has been pledged as collateral in connection with open financial
futures contracts. |

10

BlackRock Income Trust, Inc. (BKT)
Schedule
of Investments November 30, 2009 (Unaudited)

| (c) | Security exempt from
registration under Rule 144A of the Securities Act of 1933. These securities
may be resold in transactions exempt from registration to qualified
institutional investors. |
| --- | --- |
| (d) | Security held as
collateral in connection with TALF program. |
| (e) | Represents a zero-coupon
bond. Rate shown reflects the current yield as of report date. |
| (f) | Amount is less than
$1,000. |
| (g) | All or a portion of
security held as collateral in connection with swaps. |
| (h) | Represents or includes a
“to-be-announced” transaction. The Trust has committed to purchasing
(selling) securities for which all specific information is not available at
this time. |

Counterparty	Value	Unrealized Appreciation
Citigroup Global Markets,
Inc.	$ 11,584,685	$ 129,935
Credit Suisse Securities
LLC	149,388,059	2,688,512
Deutsche Bank Securities
Inc.	113,644,786	863,598
Goldman Sachs &
Company	31,065,838	685,338
JPMorgan Securities, Ltd.	88,589,448	1,007,026

| (i) | Separately Traded
Registered Interest and Principal Securities. |
| --- | --- |
| (j) | Investments in companies
considered to be an affiliate of the Trust, for purposes of Section 2(a)(3)
of the Investment Company Act of 1940, were as follows: |

Affiliate	Net Activity	Income
BlackRock Liquidity Funds,
TempFund, Institutional Class	$ 30,839,798	$ 95,118

| (k) | Represents the current
yield as of report date. | |
| --- | --- | --- |
| (l) | One contract represents a
notional amount of $1 million. | |
| • | For Trust compliance
purposes, the Trust’s industry classifications refer to any one or more of
the industry sub-classifications used by one or more widely recognized market
indexes or ratings group indexes, and/or as defined by Trust management. This
definition may not apply for purposes of this report, which may combine
industry sub-classifications for reporting ease. | |
| • | Portfolio Abbreviations: | |
| | LIBOR | London Interbank Offered
Rate |
| | USD | US Dollar |
| • | Interest rate floors
outstanding as of November 30, 2009 were as follows: | |

	Notional Amount (000)	Value		Unrealized Depreciation
Pay to broker the difference between 3-month LIBOR and a floor of
4.80%
Broker, Goldman Sachs Capital Markets Expiring 3/19/11	$ 80,000	$ (4,318,640	)	$ (3,433,307	)
Pay to broker the difference between 3-month LIBOR and a floor of
5.50%
Broker, Citibank NA Expiring 9/17/11	$ 26,000	(2,312,232	)	(1,813,899	)
Total		$ (6,630,872	)	$ (5,247,206	)

• Financial futures contracts purchased as of November 30, 2009 were as follows:

Contracts	Issue	Expiration Date	Face Value	Unrealized Appreciation
311	5-Year
U.S. Treasury Bond	March
2010	$ 36,273,488	$ 196,121

11

BlackRock Income Trust, Inc. (BKT)
Schedule
of Investments November 30, 2009 (Unaudited)

• Financial futures contracts sold as of November 30, 2009 were as follows:

Contracts	Issue	Expiration Date	Face Value	Unrealized Depreciation
28	2-Year
U.S. Treasury Bond	March
2010	$ 6,086,962	$ (13,976	)
274	10-Year
U.S. Treasury Bond	March
2010	$ 32,480,484	(382,391	)
90	Euro
Dollar Futures	March
2010	$ 22,267,975	(145,400	)
Total				$ (541,767	)

• Interest rate swaps outstanding as of November 30, 2009 were as follows:

Fixed Rate	Floating Rate	Counterparty	Expiration	Notional Amount (000)	Unrealized Appreciation (Depreciation)
4.32% (a)	3-month
LIBOR	UBS
AG	September
2010	$ 12,000	$ 360,476
1.45% (b)	3-month
LIBOR	JPMorgan
Chase Bank NA	July
2011	$ 20,000	(210,013	)
4.88% (a)	3-month
LIBOR	UBS
AG	March
2015	$ 25,000	3,100,365
4.87% (a)	3-month
LIBOR	Goldman
Sachs Bank USA	January
2016	$ 5,500	699,496
2.81% (a)	3-month
LIBOR	Citibank
NA	February
2016	$ 20,000	164,423
5.72% (a)	3-month
LIBOR	JPMorgan
Chase Bank NA	July
2016	$ 5,400	980,372
5.51% (a)	3-month
LIBOR	Bank
of America NA	August
2017	$ 159,147	28,206,844
5.88% (b)	3-month
LIBOR	Deutsche
Bank AG	June
2018	$ 31,930	(6,197,948	)
4.55% (b)	3-month
LIBOR	Citibank
NA	September
2018	$ 98,400	(10,887,573	)
4.31% (b)	3-month
LIBOR	Deutsche
Bank AG	October
2018	$ 66,000	(6,046,631	)
3.09% (b)	3-month
LIBOR	Deutsche
Bank AG	March
2019	$ 25,700	238,205
3.17% (a)	3-month
LIBOR	Bank
of America NA	March
2019	$ 4,700	(16,682	)
2.88% (a)	3-month
LIBOR	Deutsche
Bank AG	April
2019	$ 39,700	(1,102,773	)
3.23% (b)	3-month
LIBOR	Deutsche
Bank AG	May
2019	$ 2,800	636
3.90% (b)	3-month
LIBOR	Barclays
Bank Plc	June
2019	$ 20,000	(1,113,274	)
3.55% (b)	3-month
LIBOR	Deutsche
Bank AG	August
2019	$ 15,000	(523,082	)
5.49% (b)	3-month
LIBOR	JPMorgan
Chase Bank NA	October
2019	$ 5,400	(827,207	)
5.41% (a)	3-month
LIBOR	JPMorgan
Chase Bank NA	August
2022	$ 9,565	1,838,368
Total					$ 8,664,002

| | (b) | Pays floating interest
rate and receives fixed rate. — Pays fixed interest rate
and receives floating rate. |
| --- | --- | --- |
| • | Fair Value Measurements -
Various inputs are used in determining the fair value of investments, which
are as follows: | |
| | • | Level 1 - price quotations
in active markets/exchanges for identical assets and liabilities |
| | • | Level 2 - other observable
inputs (including, but not limited to: quoted prices for similar assets or
liabilities in markets that are active, quoted prices for identical or
similar assets or liabilities in markets that are not active, inputs other
than quoted prices that are observable for the assets or liabilities (such as
interest rates, yield curves, volatilities, prepayment speeds, loss
severities, credit risks and default rates) or other market-corroborated
inputs) |
| | • | Level 3 - unobservable
inputs based on the best information available in the circumstances, to the
extent observable inputs are not available (including the Trust’s own
assumptions used in determining the fair value of investments) |

12

BlackRock Income Trust, Inc. (BKT)
Schedule
of Investments November 30, 2009 (Unaudited)

| The inputs or methodology
used for valuing securities are not necessarily an indication of the risk
associated with investing in those securities. For information about the
Trust’s policy regarding valuation of investments and other significant
accounting policies, please refer to the Trust’s most recent financial
statements as contained in its annual report. |
| --- |
| The following table
summarizes the inputs used as of November 30, 2009 in determining the fair
valuation of the Trust’s investments: |

| Valuation
Inputs | Investments in Securities — Assets | Liabilities | |
| --- | --- | --- | --- |
| Level 1 - Short-Term Securities | $ 209,078,389 | — | |
| Level 2 | | | |
| Long-Term Investments: | | | |
| Asset-Backed Securities | 11,398,970 | — | |
| Non-Agency Mortgage-Backed Securities | 48,559,216 | — | |
| U.S. Government Sponsored Agency Securities | 519,129,173 | — | |
| U.S. Treasury Obligations | 47,388,797 | — | |
| TBA Sale Commitments | — | $ (5,204,360 | ) |
| Total Level 2 | 626,476,156 | (5,204,360 | ) |
| Level 3 | | | |
| Long-Term Investments: | | | |
| Asset-Backed Securities | 4,008,828 | — | |
| Non-Agency Mortgage-Backed Securities | 21,466,240 | — | |
| U.S. Government Sponsored Agency Securities | 13,592,967 | — | |
| Total Level 3 | 39,068,035 | — | |
| Total | $ 874,622,580 | $ (5,204,360 | ) |

| Valuation
Inputs | Other Financial Instruments 1 — Assets | Liabilities | |
| --- | --- | --- | --- |
| Level 1 | $ 196,121 | $ (541,767 | ) |
| Level 2 | 37,308,043 | (32,893,273 | ) |
| Level 3 | — | (18,445,779 | ) |
| Total | $ 37,504,164 | $ (51,880,819 | ) |

1 Other financial instruments are swaps, financial futures contracts, interest rate floors, TALF loans, options purchased and options written. Financial futures contracts and swaps are valued at the unrealized appreciation/depreciation on the instrument and interest rate floors, TALF loans, options purchased and options written are shown at market value.

13

BlackRock Income Trust, Inc. (BKT)
Schedule
of Investments November 30, 2009 (Unaudited)

The following is a reconciliation of investments for unobservable inputs (Level 3) used in determining fair value:

| Valuation
Inputs — Balance, as of August 31, 2009 | Asset-Backed Securities — $ 3,536,160 | $ | 582,709 | $ | 21,006,613 | $ | 14,122,541 | $ | 39,248,023 | |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Accrued discounts/premiums | — | | — | | — | | — | | — | |
| Realized gain (loss) | — | | — | | 48,905 | | (12,317 | ) | 36,588 | |
| Change in unrealized appreciation/depreciation 2 | 225,290 | | 17,928 | | 1,522,624 | | 261,619 | | 2,027,461 | |
| Net purchases (sales) | (63,532 | ) | (600,637 | ) | (1,117,401 | ) | (778,876 | ) | (2,560,446 | ) |
| Net transfers in/out of Level 3 | 310,910 | | — | | 5,499 | | — | | 316,409 | |
| Balance, as of November 30, 2009 | $ 4,008,828 | | — | $ | 21,466,240 | $ | 13,592,967 | $ | 39,068,035 | |

| 2 |
| --- |
| The following is a
reconciliation of other financial instruments for unobservable inputs (Level
3) used in determining fair value: |

| Valuation
Inputs | Other Financial Instruments 3 | |
| --- | --- | --- |
| | Liabilities | |
| Balance, as of August 31,
2009 | $ (7,202,331 | ) |
| Accrued discounts/premiums | — | |
| Realized gain (loss) | 74,500 | |
| Change in unrealized
appreciation/depreciation | 496,959 | |
| Net purchases (sales) | — | |
| Net transfers in/out of
Level 3 | (11,814,907 | ) |
| Balance,
as of November 30, 2009 | $ (18,445,779 | ) |

3 Other financial instruments are interest rate floors and TALF loans.

14

end

Item 2 –	Controls and Procedures
2(a) –	The registrant's principal executive and principal financial officers or persons performing similar functions have concluded that the registrant's disclosure controls and
procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”)) are effective as of a date within 90 days of the filing of this report based on the evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act and Rule 13(a)-15(b) under the Securities Exchange Act of 1934, as amended.
2(b) –	There were no changes in the registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) that occurred during the registrant's last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant's internal control over financial reporting.
Item 3 –	Exhibits
	Certifications – Attached hereto
	Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
	BlackRock Income Trust, Inc.
	By:	/s/ Anne F. Ackerley
		Anne F. Ackerley
		Chief Executive Officer of
		BlackRock Income Trust, Inc.
	Date: January 22, 2010
	Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
	By:	/s/ Anne F. Ackerley
		Anne F. Ackerley
		Chief Executive Officer (principal executive officer) of
		BlackRock Income Trust, Inc.
	Date: January 22, 2010
	By:	/s/ Neal J. Andrews
		Neal J. Andrews
		Chief Financial Officer (principal financial officer) of
		BlackRock Income Trust, Inc.
	Date: January 22, 2010