Multi-Registrant Prospectus Supplement

0001193125-17-313577.txt : 20171019 0001193125-17-313577.hdr.sgml : 20171019 20171019122010 ACCESSION NUMBER: 0001193125-17-313577 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 16 FILED AS OF DATE: 20171019 DATE AS OF CHANGE: 20171019 EFFECTIVENESS DATE: 20171019 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BLACKROCK BALANCED CAPITAL FUND, INC. CENTRAL INDEX KEY: 0000110055 IRS NUMBER: 132757134 STATE OF INCORPORATION: MD FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-49007 FILM NUMBER: 171144130 BUSINESS ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 08536 BUSINESS PHONE: 800-441-7762 MAIL ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 08536 FORMER COMPANY: FORMER CONFORMED NAME: MERRILL LYNCH BALANCED CAPITAL FUND INC DATE OF NAME CHANGE: 20051214 FORMER COMPANY: FORMER CONFORMED NAME: MERRILL LYNCH BALANCE CAPITAL FUND INC DATE OF NAME CHANGE: 20000831 FORMER COMPANY: FORMER CONFORMED NAME: MERRILL LYNCH CAPITAL FUND INC DATE OF NAME CHANGE: 19920703 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BLACKROCK GLOBAL SMALLCAP FUND, INC. CENTRAL INDEX KEY: 0000922457 IRS NUMBER: 223310365 STATE OF INCORPORATION: MD FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-53399 FILM NUMBER: 171144123 BUSINESS ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 BUSINESS PHONE: 800-441-7762 MAIL ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 FORMER COMPANY: FORMER CONFORMED NAME: MERRILL LYNCH GLOBAL SMALLCAP FUND INC DATE OF NAME CHANGE: 19941019 FORMER COMPANY: FORMER CONFORMED NAME: MERRILL LYNCH SMALLCAP WORLD FUND INC DATE OF NAME CHANGE: 19940429 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Value Opportunities Fund, Inc. CENTRAL INDEX KEY: 0000230382 IRS NUMBER: 132928561 STATE OF INCORPORATION: MD FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-60836 FILM NUMBER: 171144117 BUSINESS ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGNTON STATE: DE ZIP: 19809 BUSINESS PHONE: 800-441-7762 MAIL ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGNTON STATE: DE ZIP: 19809 FORMER COMPANY: FORMER CONFORMED NAME: Merrill Lynch Value Opportunities Fund, Inc. DATE OF NAME CHANGE: 20040726 FORMER COMPANY: FORMER CONFORMED NAME: MERRILL LYNCH SMALL CAP VALUE FUND INC DATE OF NAME CHANGE: 20000628 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Long-Horizon Equity Fund CENTRAL INDEX KEY: 0001324285 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0418 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-124372 FILM NUMBER: 171144120 BUSINESS ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 BUSINESS PHONE: 800-441-7762 MAIL ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 FORMER COMPANY: FORMER CONFORMED NAME: BLACKROCK LONG-HORIZON EQUITY FUND DATE OF NAME CHANGE: 20121015 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock Global Dynamic Equity Fund DATE OF NAME CHANGE: 20061002 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock Global Dynamic Equity Opportunities Fund DATE OF NAME CHANGE: 20061002 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BLACKROCK BASIC VALUE FUND, INC. CENTRAL INDEX KEY: 0000216557 IRS NUMBER: 132895755 STATE OF INCORPORATION: MD FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-58521 FILM NUMBER: 171144116 BUSINESS ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 BUSINESS PHONE: 800-441-7762 MAIL ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 FORMER COMPANY: FORMER CONFORMED NAME: MERRILL LYNCH BASIC VALUE FUND INC DATE OF NAME CHANGE: 19920703 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BLACKROCK MUNICIPAL BOND FUND, INC. CENTRAL INDEX KEY: 0000225635 IRS NUMBER: 132896246 STATE OF INCORPORATION: NJ FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-57634 FILM NUMBER: 171144119 BUSINESS ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 BUSINESS PHONE: 800-441-7762 MAIL ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 FORMER COMPANY: FORMER CONFORMED NAME: MERRILL LYNCH MUNICIPAL BOND FUND INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: ONE LIBERTY MUNICIPAL BOND FUND INC DATE OF NAME CHANGE: 19780622 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BLACKROCK EQUITY DIVIDEND FUND CENTRAL INDEX KEY: 0000814507 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-14517 FILM NUMBER: 171144127 BUSINESS ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 08543-9011 BUSINESS PHONE: 800-441-7762 MAIL ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 08543-9011 FORMER COMPANY: FORMER CONFORMED NAME: MERRILL LYNCH EQUITY DIVIDEND FUND DATE OF NAME CHANGE: 20051128 FORMER COMPANY: FORMER CONFORMED NAME: MERRILL LYNCH EQUITY INCOME FUND DATE OF NAME CHANGE: 20010103 FORMER COMPANY: FORMER CONFORMED NAME: MERRILL LYNCH DIVIDEND APPRECIATION FUND DATE OF NAME CHANGE: 19870803 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BLACKROCK NATURAL RESOURCES TRUST CENTRAL INDEX KEY: 0000766555 IRS NUMBER: 136857277 STATE OF INCORPORATION: MA FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-97095 FILM NUMBER: 171144118 BUSINESS ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 BUSINESS PHONE: 800-441-7762 MAIL ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 FORMER COMPANY: FORMER CONFORMED NAME: MERRILL LYNCH NATURAL RESOURCES TRUST / DATE OF NAME CHANGE: 20001031 FORMER COMPANY: FORMER CONFORMED NAME: MERRILL LYNCH GLOBAL RESOURCES TRUST / DATE OF NAME CHANGE: 19940325 FORMER COMPANY: FORMER CONFORMED NAME: MERRILL LYNCH NATURAL RESOURCES TRUST DATE OF NAME CHANGE: 19920703 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Capital Appreciation Fund, Inc. CENTRAL INDEX KEY: 0000887509 IRS NUMBER: 223186366 STATE OF INCORPORATION: MD FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-47875 FILM NUMBER: 171144128 BUSINESS ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 BUSINESS PHONE: 800-441-7762 MAIL ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 FORMER COMPANY: FORMER CONFORMED NAME: BLACKROCK FUNDAMENTAL GROWTH FUND, INC. DATE OF NAME CHANGE: 20061002 FORMER COMPANY: FORMER CONFORMED NAME: MERRILL LYNCH FUNDAMENTAL GROWTH FUND INC DATE OF NAME CHANGE: 19920929 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Funds II CENTRAL INDEX KEY: 0001398078 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-142592 FILM NUMBER: 171144125 BUSINESS ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 BUSINESS PHONE: 800-441-7762 MAIL ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock Fixed Income Trust DATE OF NAME CHANGE: 20070501 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BLACKROCK FUNDS CENTRAL INDEX KEY: 0000844779 IRS NUMBER: 510318674 STATE OF INCORPORATION: MA FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-26305 FILM NUMBER: 171144126 BUSINESS ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 BUSINESS PHONE: 800-441-7762 MAIL ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 FORMER COMPANY: FORMER CONFORMED NAME: COMPASS CAPITAL FUNDS\ DATE OF NAME CHANGE: 19961114 FORMER COMPANY: FORMER CONFORMED NAME: PNC FUND DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: NCP FUNDS DATE OF NAME CHANGE: 19890511 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BLACKROCK BOND FUND, INC. CENTRAL INDEX KEY: 0000276463 IRS NUMBER: 132949519 STATE OF INCORPORATION: MD FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-62329 FILM NUMBER: 171144129 BUSINESS ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 BUSINESS PHONE: 800-441-7762 MAIL ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 FORMER COMPANY: FORMER CONFORMED NAME: MERRILL LYNCH BOND FUND INC DATE OF NAME CHANGE: 20030804 FORMER COMPANY: FORMER CONFORMED NAME: MERRILL LYNCH CORPORATE BOND FUND INC/NY DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: MERRILL LYNCH HIGH INCOME FUND INC - CORRECTED NAME CHANGE DATE OF NAME CHANGE: 19600201 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BLACKROCK GLOBAL ALLOCATION FUND, INC. CENTRAL INDEX KEY: 0000834237 IRS NUMBER: 222937779 STATE OF INCORPORATION: MD FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-22462 FILM NUMBER: 171144124 BUSINESS ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 BUSINESS PHONE: 800-441-7762 MAIL ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 FORMER COMPANY: FORMER CONFORMED NAME: MERRILL LYNCH GLOBAL ALLOCATION FUND INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: MERRILL LYNCH GLOBAL INCOME FUND INC DATE OF NAME CHANGE: 19890706 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BLACKROCK LATIN AMERICA FUND, INC. CENTRAL INDEX KEY: 0000877151 IRS NUMBER: 223122997 STATE OF INCORPORATION: MD FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-41622 FILM NUMBER: 171144121 BUSINESS ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 BUSINESS PHONE: 800-441-7762 MAIL ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 FORMER COMPANY: FORMER CONFORMED NAME: MERRILL LYNCH LATIN AMERICA FUND INC DATE OF NAME CHANGE: 19920717 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BLACKROCK LARGE CAP SERIES FUNDS, INC. CENTRAL INDEX KEY: 0001097077 IRS NUMBER: 000000000 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-89389 FILM NUMBER: 171144122 BUSINESS ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 BUSINESS PHONE: 800-441-7762 MAIL ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 FORMER COMPANY: FORMER CONFORMED NAME: MERRILL LYNCH LARGE CAP SERIES FUNDS INC DATE OF NAME CHANGE: 19991018

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C000100232 Investor B1

C000100233 Investor C1

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C000050835 C1 SHARES

C000050836 INSTITUTIONAL SHARES

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497 1 d463705d497.htm MULTI-REGISTRANT PROSPECTUS SUPPLEMENT Multi-Registrant Prospectus Supplement


		SIDLEY AUSTIN LLP 787 SEVENTH AVENUE NEW YORK, NY 10019 +1 212 839 5300 +1 212 839 5599 FAX

		AMERICA • ASIA PACIFIC • EUROPE

October 19, 2017

VIA EDGAR

Securities and Exchange Commission

100 F Street, NE

Washington, DC 20549

Re: Each Registrant listed on Appendix A

Ladies and Gentlemen:

On behalf of each registrant listed on Appendix A and pursuant to Rule 497(e) under the Securities Act of 1933, as amended, attached for filing are exhibits containing interactive data format risk/return summary information that mirrors the risk/return summary information in a supplement, dated September 28, 2017, to the Prospectuses for each of the funds listed in Appendix A (the “Funds”). The purpose of the filing is to submit the 497(e) filing dated September 28, 2017 in XBRL for the Funds.

Any questions or comments on this filing should be directed to the undersigned at (212) 839-8615.

Very truly yours,

/s/ Jesse C. Kean

Jesse C. Kean

Enclosures

cc:	Benjamin Archibald, Esq.

BlackRock Advisors, LLC

Sidley Austin (NY) LLP is a Delaware limited liability partnership doing business as Sidley Austin LLP and practicing in affiliation with other Sidley Austin partnerships.

Appendix A


Names of Registrants and Funds		File Numbers
BlackRock Balanced Capital Fund, Inc.		File No. 002-49007 and File No. 811-02405

BlackRock Basic Value Fund, Inc.		File No. 002-58521 and File No. 811-02739

BlackRock Bond Fund, Inc.		File No. 002-62329 and File No. 811-02857
BlackRock Total Return Fund

BlackRock Capital Appreciation Fund, Inc.		File No. 033-47875 and File No. 811-06669

BlackRock Equity Dividend Fund		File No. 033-14517 and File No. 811-05178

BlackRock Funds^SM		File No. 033-26305 and File No. 811-05742
BlackRock Advantage Large Cap Growth Fund
BlackRock All-Cap Energy & Resources Portfolio
BlackRock Energy & Resources Portfolio
BlackRock Health Sciences Opportunities Portfolio
BlackRock High Equity Income Fund
BlackRock International Dividend Fund
BlackRock Mid-Cap Growth Equity Portfolio
BlackRock Money Market Portfolio
BlackRock Tactical Opportunities Fund

BlackRock Funds II		File No. 333-142592 and File No. 811-22061
BlackRock High Yield Bond Portfolio
BlackRock U.S. Government Bond Portfolio

BlackRock Global Allocation Fund, Inc.		File No. 033-22462 and File No. 811-05576

BlackRock Global SmallCap Fund, Inc.		File No. 033-53399 and File No. 811-07171

BlackRock Large Cap Series Funds, Inc.		File No. 333-89389 and File No. 811-09637
BlackRock Advantage Large Cap Core Fund
BlackRock Advantage Large Cap Value Fund
BlackRock Large Cap Focus Growth Fund

BlackRock Latin America Fund, Inc.		File No. 033-41622 and File No. 811-06349

BlackRock Long-Horizon Equity Fund		File No. 333-124372 and File No. 811-21759

BlackRock Municipal Bond Fund, Inc.		File No. 002-57354 and File No. 811-02688
BlackRock National Municipal Fund

BlackRock Natural Resources Trust		File No. 002-97095 and File No. 811-04282

BlackRock Value Opportunities Fund, Inc.		File No. 002-60836 and File No. 811-02809

Sidley Austin (NY) LLP is a Delaware limited liability partnership doing business as Sidley Austin LLP and practicing in affiliation with other Sidley Austin partnerships.

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overflow: hidden; padding-top: 3pt; padding-right: 1%; padding-bottom: 8pt; float: left; position: relative;"><p style=" margin-top: 0pt; margin-bottom: 0pt;"><b>BlackRock Balanced Capital Fund, Inc. </b></p><p style=" margin-top: 12pt; margin-bottom: 0pt;"><b>BlackRock Basic Value Fund, Inc. </b></p><p style=" margin-top: 12pt; margin-bottom: 0pt;"><b>BlackRock Bond Fund, Inc. </b></p><p style=" margin-top: 0pt; margin-bottom: 0pt; margin-left: 10pt;">BlackRock Total Return Fund </p><p style=" margin-top: 12pt; margin-bottom: 0pt;"><b>BlackRock Capital Appreciation Fund, Inc. </b></p><p style=" margin-top: 12pt; margin-bottom: 0pt;"><b>BlackRock Equity Dividend Fund </b></p><p style=" margin-top: 12pt; margin-bottom: 0pt;"><b>BlackRock Funds<sup>SM</sup> </b></p><p style=" margin-top: 0pt; margin-bottom: 0pt; margin-left: 20pt;">BlackRock Advantage Large Cap Growth Fund </p><p style=" margin-top: 0pt; margin-bottom: 0pt; margin-left: 20pt;">BlackRock All-Cap Energy & Resources Portfolio </p><p style=" margin-top: 0pt; margin-bottom: 0pt; margin-left: 20pt;">BlackRock Energy & Resources Portfolio </p><p style=" margin-top: 0pt; margin-bottom: 0pt; margin-left: 20pt;">BlackRock Health Sciences Opportunities Portfolio<b> </b> </p><p style=" margin-top: 0pt; margin-bottom: 0pt; margin-left: 20pt;">BlackRock High Equity Income Fund </p><p style=" margin-top: 0pt; margin-bottom: 0pt; margin-left: 20pt;">BlackRock International Dividend Fund </p><p style=" margin-top: 0pt; margin-bottom: 0pt; margin-left: 20pt;">BlackRock Mid-Cap Growth Equity Portfolio </p><p style=" margin-top: 0pt; margin-bottom: 0pt; margin-left: 20pt;">BlackRock Money Market Portfolio </p><p style=" margin-top: 0pt; margin-bottom: 0pt; margin-left: 20pt;">BlackRock Tactical Opportunities Fund </p><p style=" margin-top: 12pt; margin-bottom: 0pt;"><b>BlackRock Funds II </b></p><p style=" margin-top: 0pt; margin-bottom: 0pt; margin-left: 20pt;">BlackRock High Yield Bond Portfolio </p><p style=" margin-top: 0pt; margin-bottom: 0pt; margin-left: 20pt;">BlackRock U.S. Government Bond Portfolio </p></div><div style="width: 48%; overflow: hidden; padding-top: 3pt; padding-right: 1%; padding-bottom: 8pt; margin-left: 2%; float: left; position: relative;"><p style=" margin-top: 0pt; margin-bottom: 0pt;"><b>BlackRock Global Allocation Fund, Inc. </b></p><p style=" margin-top: 12pt; margin-bottom: 0pt;"><b>BlackRock Global SmallCap Fund, Inc. </b></p><p style=" margin-top: 12pt; margin-bottom: 0pt;"><b>BlackRock Large Cap Series Funds, Inc. </b></p><p style=" margin-top: 0pt; margin-bottom: 0pt; margin-left: 20pt;">BlackRock Advantage Large Cap Core Fund </p><p style=" margin-top: 0pt; margin-bottom: 0pt; margin-left: 20pt;">BlackRock Advantage Large Cap Value Fund </p><p style=" margin-top: 0pt; margin-bottom: 0pt; margin-left: 20pt;">BlackRock Large Cap Focus Growth Fund </p><p style=" margin-top: 12pt; margin-bottom: 0pt;"><b>BlackRock Latin America Fund, Inc. </b></p><p style=" margin-top: 12pt; margin-bottom: 0pt;"><b>BlackRock Long-Horizon Equity Fund</b></p><p style=" margin-top: 12pt; margin-bottom: 0pt;"><b>BlackRock Municipal Bond Fund, Inc. </b></p><p style=" margin-top: 0pt; margin-bottom: 0pt; margin-left: 20pt;">BlackRock National Municipal Fund </p><p style=" margin-top: 12pt; margin-bottom: 0pt;"><b>BlackRock Natural Resources Trust </b></p><p style=" margin-top: 12pt; margin-bottom: 0pt;"><b>BlackRock Value Opportunities Fund, Inc. </b></p></div><div style="height: 0pt; clear: both; "> </div><p style=" margin-top: 0pt; margin-bottom: 0pt;"> </p><p align="center" style=" margin-top: 0pt; margin-bottom: 0pt;"><b>(each, a “Fund” and collectively, the “Funds”) </b></p><p align="center" style=" margin-top: 24pt; margin-bottom: 0pt;"><b>Supplement dated September 28, 2017 to the Prospectuses of each Fund </b></p><p style=" margin-top: 6pt; margin-bottom: 0pt;">Effective on or about the close of business on December 27, 2017, as specified below, all of the issued and outstanding shares of certain share classes of the Funds (the “Original Shares”) will be converted into other existing share classes of the Funds (the “New Shares”) with the same relative aggregate net asset value as the Original Shares held immediately prior to the conversion. The New Shares currently have lower total expense ratios, and equal or lower distribution fees and shareholder servicing fees payable under the Fund’s 12b-1 plan than the Original Shares. No sales load, fee, or other charge will be imposed on the conversion of these shares and, once converted, the New Shares will not be subject to the contingent deferred sales charge (if any) currently charged on the redemption of the Original Shares. Please refer to your Fund’s Prospectus for more information on the New Shares. The conversion is not expected to be a taxable event for federal income tax purposes and should not result in recognition of gain or loss by converting shareholders. </p><p style=" margin-top: 0pt; margin-bottom: 0pt;"> </p> <table width="100%" align="center" style=" border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0"><tr><td width="72%"></td><td width="2%" valign="bottom"></td><td width="9%"></td><td width="8%" valign="bottom"></td><td style="width: 20pt;"></td><td></td><td></td><td style="width: 20pt;"></td></tr><tr style=" break-inside: avoid;"><td valign="bottom"><div style="width: 18.25pt; margin-top: 0pt; margin-bottom: 0pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;"><b>Fund</b></div></td><td valign="bottom">  </td><td align="center" valign="bottom" style="border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;"><div align="center" style=" margin-top: 0pt; margin-bottom: 1pt;"><b>Original<br/>Shares</b></div></td><td valign="bottom">    </td><td align="center" valign="bottom" style="border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;" colspan="4"><b>New Shares</b></td></tr><tr style=" break-inside: avoid;" ><td valign="top"><div style="text-indent: -1em; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">BlackRock Advantage Large Cap Core Fund</div></td><td valign="bottom">  </td><td align="right" valign="bottom">Investor B</td><td valign="bottom">    </td><td valign="bottom"> </td><td valign="bottom"> </td><td align="right" valign="bottom">Investor A</td><td valign="bottom"></td></tr><tr style=" break-inside: avoid;"><td valign="top"><div style="text-indent: -1em; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">BlackRock Advantage Large Cap Growth Fund</div></td><td valign="bottom">  </td><td align="right" valign="bottom">Investor B</td><td valign="bottom">    </td><td valign="bottom"> </td><td valign="bottom"> </td><td align="right" valign="bottom">Investor A</td><td valign="bottom"></td></tr><tr style=" break-inside: avoid;" ><td valign="top"><div style="text-indent: -1em; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">BlackRock Advantage Large Cap Value Fund</div></td><td valign="bottom">  </td><td align="right" valign="bottom">Investor B</td><td valign="bottom">    </td><td valign="bottom"> </td><td valign="bottom"> </td><td align="right" valign="bottom">Investor A</td><td valign="bottom"></td></tr><tr style=" break-inside: avoid;"><td valign="top"><div style="text-indent: -1em; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">BlackRock All-Cap Energy & Resources Portfolio</div></td><td valign="bottom">  </td><td align="right" valign="bottom">Investor B</td><td valign="bottom">    </td><td valign="bottom"> </td><td valign="bottom"> </td><td align="right" valign="bottom">Investor A</td><td valign="bottom"></td></tr><tr style=" break-inside: avoid;" ><td valign="top"><div style="text-indent: -1em; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">BlackRock Balanced Capital Fund, Inc.</div></td><td valign="bottom">  </td><td align="right" valign="bottom">Investor B</td><td valign="bottom">    </td><td valign="bottom"> </td><td valign="bottom"> </td><td align="right" valign="bottom">Investor A</td><td valign="bottom"></td></tr><tr style=" break-inside: avoid;"><td valign="top"><div style="text-indent: -1em; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">BlackRock Basic Value Fund, Inc.</div></td><td valign="bottom">  </td><td align="right" valign="bottom">Investor B</td><td valign="bottom">    </td><td valign="bottom"> </td><td valign="bottom"> </td><td align="right" valign="bottom">Investor A</td><td valign="bottom"></td></tr><tr style=" break-inside: avoid;" ><td valign="top"><div style="text-indent: -1em; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">BlackRock Capital Appreciation Fund, Inc.</div></td><td valign="bottom">  </td><td align="right" valign="bottom">Investor B</td><td valign="bottom">    </td><td valign="bottom"> </td><td valign="bottom"> </td><td align="right" valign="bottom">Investor A</td><td valign="bottom"></td></tr><tr style=" break-inside: avoid;"><td valign="top"><div style="text-indent: -1em; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">BlackRock Energy & Resources Portfolio</div></td><td valign="bottom">  </td><td align="right" valign="bottom">Investor B</td><td valign="bottom">    </td><td valign="bottom"> </td><td valign="bottom"> </td><td align="right" valign="bottom">Investor A</td><td valign="bottom"></td></tr></table> <table width="100%" align="center" style=" border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0"><tr><td width="71%"></td><td width="2%" valign="bottom"></td><td width="10%"></td><td width="8%" valign="bottom"></td><td style="width: 20pt;"></td><td></td><td></td><td style="width: 20pt;"></td></tr> <tr style=" break-inside: avoid;" ><td valign="top"><div style="text-indent: -1em; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">BlackRock Equity Dividend Fund</div></td><td valign="bottom">  </td><td align="right" valign="bottom">Investor B</td><td valign="bottom">    </td><td valign="bottom"> </td><td valign="bottom"> </td><td align="right" valign="bottom">Investor A</td><td valign="bottom"></td></tr><tr style=" break-inside: avoid;"><td valign="top"><div style="text-indent: -1em; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">BlackRock Global Allocation Fund, Inc.</div></td><td valign="bottom">  </td><td align="right" valign="bottom">Investor B</td><td valign="bottom">    </td><td valign="bottom"> </td><td valign="bottom"> </td><td align="right" valign="bottom">Investor A</td><td valign="bottom"></td></tr><tr style=" break-inside: avoid;" ><td valign="top"><div style="text-indent: -1em; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">BlackRock Global SmallCap Fund, Inc.</div></td><td valign="bottom">  </td><td align="right" valign="bottom">Investor B</td><td valign="bottom">    </td><td valign="bottom"> </td><td valign="bottom"> </td><td align="right" valign="bottom">Investor A</td><td valign="bottom"></td></tr><tr style=" break-inside: avoid;"><td valign="top"><div style="text-indent: -1em; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">BlackRock Health Sciences Opportunities Portfolio</div></td><td valign="bottom">  </td><td align="right" valign="bottom">Investor B</td><td valign="bottom">    </td><td valign="bottom"> </td><td valign="bottom"> </td><td align="right" valign="bottom">Investor A</td><td valign="bottom"></td></tr><tr style=" break-inside: avoid;" ><td valign="top"><div style="text-indent: -1em; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">BlackRock High Equity Income Fund</div></td><td valign="bottom">  </td><td align="right" valign="bottom">Investor B</td><td valign="bottom">    </td><td valign="bottom"> </td><td valign="bottom"> </td><td align="right" valign="bottom">Investor A</td><td valign="bottom"></td></tr><tr style=" break-inside: avoid;"><td valign="top"><div style="text-indent: -1em; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">BlackRock High Yield Bond Portfolio</div></td><td valign="bottom">  </td><td align="right" valign="bottom">Investor B</td><td valign="bottom">    </td><td valign="bottom"> </td><td valign="bottom"> </td><td align="right" valign="bottom">Investor A</td><td valign="bottom"></td></tr><tr style=" break-inside: avoid;" ><td valign="top"><div style="text-indent: -1em; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">BlackRock High Yield Bond Portfolio</div></td><td valign="bottom">  </td><td align="right" valign="bottom">Investor B1</td><td valign="bottom">    </td><td valign="bottom"> </td><td valign="bottom"> </td><td align="right" valign="bottom">Investor A</td><td valign="bottom"></td></tr><tr style=" break-inside: avoid;"><td valign="top"><div style="text-indent: -1em; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">BlackRock International Dividend Fund</div></td><td valign="bottom">  </td><td align="right" valign="bottom">Investor B</td><td valign="bottom">    </td><td valign="bottom"> </td><td valign="bottom"> </td><td align="right" valign="bottom">Investor A</td><td valign="bottom"></td></tr><tr style=" break-inside: avoid;" ><td valign="top"><div style="text-indent: -1em; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">BlackRock Large Cap Focus Growth Fund</div></td><td valign="bottom">  </td><td align="right" valign="bottom">Investor B</td><td valign="bottom">    </td><td valign="bottom"> </td><td valign="bottom"> </td><td align="right" valign="bottom">Investor A</td><td valign="bottom"></td></tr><tr style=" break-inside: avoid;"><td valign="top"><div style="text-indent: -1em; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">BlackRock Latin America Fund, Inc.</div></td><td valign="bottom">  </td><td align="right" valign="bottom">Investor B</td><td valign="bottom">    </td><td valign="bottom"> </td><td valign="bottom"> </td><td align="right" valign="bottom">Investor A</td><td valign="bottom"></td></tr><tr style=" break-inside: avoid;" ><td valign="top"><div style="text-indent: -1em; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">BlackRock Long-Horizon Equity Fund</div></td><td valign="bottom">  </td><td align="right" valign="bottom">Investor B</td><td valign="bottom">    </td><td valign="bottom"> </td><td valign="bottom"> </td><td align="right" valign="bottom">Investor A</td><td valign="bottom"></td></tr><tr style=" break-inside: avoid;"><td valign="top"><div style="text-indent: -1em; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">BlackRock Mid-Cap Growth Equity Portfolio</div></td><td valign="bottom">  </td><td align="right" valign="bottom">Investor B</td><td valign="bottom">    </td><td valign="bottom"> </td><td valign="bottom"> </td><td align="right" valign="bottom">Investor A</td><td valign="bottom"></td></tr><tr style=" break-inside: avoid;" ><td valign="top"><div style="text-indent: -1em; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">BlackRock Money Market Portfolio</div></td><td valign="bottom">  </td><td align="right" valign="bottom">Investor B</td><td valign="bottom">    </td><td valign="bottom"> </td><td valign="bottom"> </td><td align="right" valign="bottom">Investor A</td><td valign="bottom"></td></tr><tr style=" break-inside: avoid;"><td valign="top"><div style="text-indent: -1em; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">BlackRock National Municipal Fund</div></td><td valign="bottom">  </td><td align="right" valign="bottom">Investor B</td><td valign="bottom">    </td><td valign="bottom"> </td><td valign="bottom"> </td><td align="right" valign="bottom">Investor A</td><td valign="bottom"></td></tr><tr style=" break-inside: avoid;" ><td valign="top"><div style="text-indent: -1em; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">BlackRock Natural Resources Trust</div></td><td valign="bottom">  </td><td align="right" valign="bottom">Investor B</td><td valign="bottom">    </td><td valign="bottom"> </td><td valign="bottom"> </td><td align="right" valign="bottom">Investor A</td><td valign="bottom"></td></tr><tr style=" break-inside: avoid;"><td valign="top"><div style="text-indent: -1em; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">BlackRock Tactical Opportunities Fund</div></td><td valign="bottom">  </td><td align="right" valign="bottom">Investor B</td><td valign="bottom">    </td><td valign="bottom"> </td><td valign="bottom"> </td><td align="right" valign="bottom">Investor A</td><td valign="bottom"></td></tr><tr style=" break-inside: avoid;" ><td valign="top"><div style="text-indent: -1em; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">BlackRock Total Return Fund</div></td><td valign="bottom">  </td><td align="right" valign="bottom">Investor B</td><td valign="bottom">    </td><td valign="bottom"> </td><td valign="bottom"> </td><td align="right" valign="bottom">Investor A</td><td valign="bottom"></td></tr><tr style=" break-inside: avoid;"><td valign="top"><div style="text-indent: -1em; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">BlackRock U.S. Government Bond Portfolio</div></td><td valign="bottom">  </td><td align="right" valign="bottom">Investor B1</td><td valign="bottom">    </td><td valign="bottom"> </td><td valign="bottom"> </td><td align="right" valign="bottom">Investor A</td><td valign="bottom"></td></tr><tr style=" break-inside: avoid;" ><td valign="top"><div style="text-indent: -1em; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">BlackRock Value Opportunities Fund, Inc.</div></td><td valign="bottom">  </td><td align="right" valign="bottom">Investor B</td><td valign="bottom">    </td><td valign="bottom"> </td><td valign="bottom"> </td><td align="right" valign="bottom">Investor A</td></tr></table> <p style="margin-top:0pt; margin-bottom:0pt; "><b>BlackRock Balanced Capital Fund, Inc. </b></p><p style=" margin-top: 0pt; margin-bottom: 0pt;"> </p><p align="center" style=" margin-top: 0pt; margin-bottom: 0pt;"><b>(each, a “Fund” and collectively, the “Funds”) </b></p><p align="center" style=" margin-top: 24pt; margin-bottom: 0pt;"><b>Supplement dated September 28, 2017 to the Prospectuses of each Fund </b></p><p style=" margin-top: 6pt; margin-bottom: 0pt;">Effective on or about the close of business on December 27, 2017, as specified below, all of the issued and outstanding shares of certain share classes of the Funds (the “Original Shares”) will be converted into other existing share classes of the Funds (the “New Shares”) with the same relative aggregate net asset value as the Original Shares held immediately prior to the conversion. The New Shares currently have lower total expense ratios, and equal or lower distribution fees and shareholder servicing fees payable under the Fund’s 12b-1 plan than the Original Shares. No sales load, fee, or other charge will be imposed on the conversion of these shares and, once converted, the New Shares will not be subject to the contingent deferred sales charge (if any) currently charged on the redemption of the Original Shares. Please refer to your Fund’s Prospectus for more information on the New Shares. The conversion is not expected to be a taxable event for federal income tax purposes and should not result in recognition of gain or loss by converting shareholders. </p><p style=" margin-top: 0pt; margin-bottom: 0pt;"> </p> <table width="100%" align="center" style=" border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0"><tr><td width="72%"></td><td width="2%" valign="bottom"></td><td width="9%"></td><td width="8%" valign="bottom"></td><td style="width: 20pt;"></td><td></td><td></td><td style="width: 20pt;"></td></tr><tr style=" break-inside: avoid;"><td valign="bottom"><div style="width: 18.25pt; margin-top: 0pt; margin-bottom: 0pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;"><b>Fund</b></div></td><td valign="bottom">  </td><td align="center" valign="bottom" style="border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;"><div align="center" style=" margin-top: 0pt; margin-bottom: 1pt;"><b>Original<br/>Shares</b></div></td><td valign="bottom">    </td><td align="center" valign="bottom" style="border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;" colspan="4"><b>New Shares</b></td></tr><tr style=" break-inside: avoid;" ><td valign="top"><div style="text-indent: -1em; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">BlackRock Balanced Capital Fund, Inc.</div></td><td valign="bottom">  </td><td align="right" valign="bottom">Investor B</td><td valign="bottom">    </td><td valign="bottom"> </td><td valign="bottom"> </td><td align="right" valign="bottom">Investor A</td><td valign="bottom"></td></tr></table> <p style="margin-top:0pt; margin-bottom:0pt; "><b>BlackRock Basic Value Fund, Inc.</b></p><p style=" margin-top: 0pt; margin-bottom: 0pt;"> </p><p align="center" style=" margin-top: 0pt; margin-bottom: 0pt;"><b>(each, a “Fund” and collectively, the “Funds”) </b></p><p align="center" style=" margin-top: 24pt; margin-bottom: 0pt;"><b>Supplement dated September 28, 2017 to the Prospectuses of each Fund </b></p><p style=" margin-top: 6pt; margin-bottom: 0pt;">Effective on or about the close of business on December 27, 2017, as specified below, all of the issued and outstanding shares of certain share classes of the Funds (the “Original Shares”) will be converted into other existing share classes of the Funds (the “New Shares”) with the same relative aggregate net asset value as the Original Shares held immediately prior to the conversion. The New Shares currently have lower total expense ratios, and equal or lower distribution fees and shareholder servicing fees payable under the Fund’s 12b-1 plan than the Original Shares. No sales load, fee, or other charge will be imposed on the conversion of these shares and, once converted, the New Shares will not be subject to the contingent deferred sales charge (if any) currently charged on the redemption of the Original Shares. Please refer to your Fund’s Prospectus for more information on the New Shares. The conversion is not expected to be a taxable event for federal income tax purposes and should not result in recognition of gain or loss by converting shareholders. </p><p style=" margin-top: 0pt; margin-bottom: 0pt;"> </p> <table width="100%" align="center" style=" border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0"><tr><td width="72%"></td><td width="2%" valign="bottom"></td><td width="9%"></td><td width="8%" valign="bottom"></td><td style="width: 20pt;"></td><td></td><td></td><td style="width: 20pt;"></td></tr><tr style=" break-inside: avoid;"><td valign="bottom"><div style="width: 18.25pt; margin-top: 0pt; margin-bottom: 0pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;"><b>Fund</b></div></td><td valign="bottom">  </td><td align="center" valign="bottom" style="border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;"><div align="center" style=" margin-top: 0pt; margin-bottom: 1pt;"><b>Original<br/>Shares</b></div></td><td valign="bottom">    </td><td align="center" valign="bottom" style="border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;" colspan="4"><b>New Shares</b></td></tr><tr style=" break-inside: avoid;" ><td valign="top"><div style="text-indent: -1em; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">BlackRock Basic Value Fund, Inc.</div></td><td valign="bottom">  </td><td align="right" valign="bottom">Investor B</td><td valign="bottom">    </td><td valign="bottom"> </td><td valign="bottom"> </td><td align="right" valign="bottom">Investor A</td><td valign="bottom"></td></tr></table> <p style="margin-top:0pt; margin-bottom:0pt; "><b>BlackRock Bond Fund, Inc.</b></p><p style=" margin-top: 0pt; margin-bottom: 0pt; margin-left: 2%;">BlackRock Total Return Fund </p><p style=" margin-top: 0pt; margin-bottom: 0pt;"> </p><p align="center" style=" margin-top: 0pt; margin-bottom: 0pt;"><b>(each, a “Fund” and collectively, the “Funds”) </b></p><p align="center" style=" margin-top: 24pt; margin-bottom: 0pt;"><b>Supplement dated September 28, 2017 to the Prospectuses of each Fund </b></p><p style=" margin-top: 6pt; margin-bottom: 0pt;">Effective on or about the close of business on December 27, 2017, as specified below, all of the issued and outstanding shares of certain share classes of the Funds (the “Original Shares”) will be converted into other existing share classes of the Funds (the “New Shares”) with the same relative aggregate net asset value as the Original Shares held immediately prior to the conversion. The New Shares currently have lower total expense ratios, and equal or lower distribution fees and shareholder servicing fees payable under the Fund’s 12b-1 plan than the Original Shares. No sales load, fee, or other charge will be imposed on the conversion of these shares and, once converted, the New Shares will not be subject to the contingent deferred sales charge (if any) currently charged on the redemption of the Original Shares. Please refer to your Fund’s Prospectus for more information on the New Shares. The conversion is not expected to be a taxable event for federal income tax purposes and should not result in recognition of gain or loss by converting shareholders. </p><p style=" margin-top: 0pt; margin-bottom: 0pt;"> </p> <table width="100%" align="center" style=" border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0"><tr><td width="72%"></td><td width="2%" valign="bottom"></td><td width="9%"></td><td width="8%" valign="bottom"></td><td style="width: 20pt;"></td><td></td><td></td><td style="width: 20pt;"></td></tr><tr style=" break-inside: avoid;"><td valign="bottom"><div style="width: 18.25pt; margin-top: 0pt; margin-bottom: 0pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;"><b>Fund</b></div></td><td valign="bottom">  </td><td align="center" valign="bottom" style="border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;"><div align="center" style=" margin-top: 0pt; margin-bottom: 1pt;"><b>Original<br/>Shares</b></div></td><td valign="bottom">    </td><td align="center" valign="bottom" style="border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;" colspan="4"><b>New Shares</b></td></tr><tr style=" break-inside: avoid;" ><td valign="top"><div style="text-indent: -1em; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">BlackRock Total Return Fund</div></td><td valign="bottom">  </td><td align="right" valign="bottom">Investor B</td><td valign="bottom">    </td><td valign="bottom"> </td><td valign="bottom"> </td><td align="right" valign="bottom">Investor A</td><td valign="bottom"></td></tr></table> <p style="margin-top:0pt; margin-bottom:0pt; "><b>BlackRock Capital Appreciation Fund, Inc. </b></p><p style=" margin-top: 0pt; margin-bottom: 0pt;"> </p><p align="center" style=" margin-top: 0pt; margin-bottom: 0pt;"><b>(each, a “Fund” and collectively, the “Funds”) </b></p><p align="center" style=" margin-top: 24pt; margin-bottom: 0pt;"><b>Supplement dated September 28, 2017 to the Prospectuses of each Fund </b></p><p style=" margin-top: 6pt; margin-bottom: 0pt;">Effective on or about the close of business on December 27, 2017, as specified below, all of the issued and outstanding shares of certain share classes of the Funds (the “Original Shares”) will be converted into other existing share classes of the Funds (the “New Shares”) with the same relative aggregate net asset value as the Original Shares held immediately prior to the conversion. The New Shares currently have lower total expense ratios, and equal or lower distribution fees and shareholder servicing fees payable under the Fund’s 12b-1 plan than the Original Shares. No sales load, fee, or other charge will be imposed on the conversion of these shares and, once converted, the New Shares will not be subject to the contingent deferred sales charge (if any) currently charged on the redemption of the Original Shares. Please refer to your Fund’s Prospectus for more information on the New Shares. The conversion is not expected to be a taxable event for federal income tax purposes and should not result in recognition of gain or loss by converting shareholders. </p><p style=" margin-top: 0pt; margin-bottom: 0pt;"> </p> <table width="100%" align="center" style=" border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0"><tr><td width="72%"></td><td width="2%" valign="bottom"></td><td width="9%"></td><td width="8%" valign="bottom"></td><td style="width: 20pt;"></td><td></td><td></td><td style="width: 20pt;"></td></tr><tr style=" break-inside: avoid;"><td valign="bottom"><div style="width: 18.25pt; margin-top: 0pt; margin-bottom: 0pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;"><b>Fund</b></div></td><td valign="bottom">  </td><td align="center" valign="bottom" style="border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;"><div align="center" style=" margin-top: 0pt; margin-bottom: 1pt;"><b>Original<br/>Shares</b></div></td><td valign="bottom">    </td><td align="center" valign="bottom" style="border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;" colspan="4"><b>New Shares</b></td></tr><tr style=" break-inside: avoid;" ><td valign="top"><div style="text-indent: -1em; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">BlackRock Capital Appreciation Fund, Inc.</div></td><td valign="bottom">  </td><td align="right" valign="bottom">Investor B</td><td valign="bottom">    </td><td valign="bottom"> </td><td valign="bottom"> </td><td align="right" valign="bottom">Investor A</td><td valign="bottom"></td></tr></table> <p style="margin-top:0pt; margin-bottom:0pt; "><b>BlackRock Equity Dividend Fund</b></p><p style=" margin-top: 0pt; margin-bottom: 0pt;"> </p><p align="center" style=" margin-top: 0pt; margin-bottom: 0pt;"><b>(each, a “Fund” and collectively, the “Funds”) </b></p><p align="center" style=" margin-top: 24pt; margin-bottom: 0pt;"><b>Supplement dated September 28, 2017 to the Prospectuses of each Fund </b></p><p style=" margin-top: 6pt; margin-bottom: 0pt;">Effective on or about the close of business on December 27, 2017, as specified below, all of the issued and outstanding shares of certain share classes of the Funds (the “Original Shares”) will be converted into other existing share classes of the Funds (the “New Shares”) with the same relative aggregate net asset value as the Original Shares held immediately prior to the conversion. The New Shares currently have lower total expense ratios, and equal or lower distribution fees and shareholder servicing fees payable under the Fund’s 12b-1 plan than the Original Shares. No sales load, fee, or other charge will be imposed on the conversion of these shares and, once converted, the New Shares will not be subject to the contingent deferred sales charge (if any) currently charged on the redemption of the Original Shares. Please refer to your Fund’s Prospectus for more information on the New Shares. The conversion is not expected to be a taxable event for federal income tax purposes and should not result in recognition of gain or loss by converting shareholders. </p><p style=" margin-top: 0pt; margin-bottom: 0pt;"> </p> <table width="100%" align="center" style=" border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0"><tr><td width="72%"></td><td width="2%" valign="bottom"></td><td width="9%"></td><td width="8%" valign="bottom"></td><td style="width: 20pt;"></td><td></td><td></td><td style="width: 20pt;"></td></tr><tr style=" break-inside: avoid;"><td valign="bottom"><div style="width: 18.25pt; margin-top: 0pt; margin-bottom: 0pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;"><b>Fund</b></div></td><td valign="bottom">  </td><td align="center" valign="bottom" style="border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;"><div align="center" style=" margin-top: 0pt; margin-bottom: 1pt;"><b>Original<br/>Shares</b></div></td><td valign="bottom">    </td><td align="center" valign="bottom" style="border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;" colspan="4"><b>New Shares</b></td></tr><tr style=" break-inside: avoid;" ><td valign="top"><div style="text-indent: -1em; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">BlackRock Equity Dividend Fund</div></td><td valign="bottom">  </td><td align="right" valign="bottom">Investor B</td><td valign="bottom">    </td><td valign="bottom"> </td><td valign="bottom"> </td><td align="right" valign="bottom">Investor A</td><td valign="bottom"></td></tr></table> <p style="margin-top:0pt; margin-bottom:0pt; "><b>BlackRock Funds<sup>SM</sup> </b></p><p style=" margin-top: 0pt; margin-bottom: 0pt; margin-left: 2%;">BlackRock Advantage Large Cap Growth Fund</p><p style=" margin-top: 0pt; margin-bottom: 0pt;"> </p><p align="center" style=" margin-top: 0pt; margin-bottom: 0pt;"><b>(each, a “Fund” and collectively, the “Funds”) </b></p><p align="center" style=" margin-top: 24pt; margin-bottom: 0pt;"><b>Supplement dated September 28, 2017 to the Prospectuses of each Fund </b></p><p style=" margin-top: 6pt; margin-bottom: 0pt;">Effective on or about the close of business on December 27, 2017, as specified below, all of the issued and outstanding shares of certain share classes of the Funds (the “Original Shares”) will be converted into other existing share classes of the Funds (the “New Shares”) with the same relative aggregate net asset value as the Original Shares held immediately prior to the conversion. The New Shares currently have lower total expense ratios, and equal or lower distribution fees and shareholder servicing fees payable under the Fund’s 12b-1 plan than the Original Shares. No sales load, fee, or other charge will be imposed on the conversion of these shares and, once converted, the New Shares will not be subject to the contingent deferred sales charge (if any) currently charged on the redemption of the Original Shares. Please refer to your Fund’s Prospectus for more information on the New Shares. The conversion is not expected to be a taxable event for federal income tax purposes and should not result in recognition of gain or loss by converting shareholders. </p><p style=" margin-top: 0pt; margin-bottom: 0pt;"> </p> <table width="100%" align="center" style=" border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0"><tr><td width="72%"></td><td width="2%" valign="bottom"></td><td width="9%"></td><td width="8%" valign="bottom"></td><td style="width: 20pt;"></td><td></td><td></td><td style="width: 20pt;"></td></tr><tr style=" break-inside: avoid;"><td valign="bottom"><div style="width: 18.25pt; margin-top: 0pt; margin-bottom: 0pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;"><b>Fund</b></div></td><td valign="bottom">  </td><td align="center" valign="bottom" style="border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;"><div align="center" style=" margin-top: 0pt; margin-bottom: 1pt;"><b>Original<br/>Shares</b></div></td><td valign="bottom">    </td><td align="center" valign="bottom" style="border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;" colspan="4"><b>New Shares</b></td></tr><tr style=" break-inside: avoid;" ><td valign="top"><div style="text-indent: -1em; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">BlackRock Advantage Large Cap Growth Fund</div></td><td valign="bottom">  </td><td align="right" valign="bottom">Investor B</td><td valign="bottom">    </td><td valign="bottom"> </td><td valign="bottom"> </td><td align="right" valign="bottom">Investor A</td><td valign="bottom"></td></tr></table> <p style="margin-top:0pt; margin-bottom:0pt; "><b>BlackRock Funds<sup>SM</sup> </b></p><p style=" margin-top: 0pt; margin-bottom: 0pt; margin-left: 2%;">BlackRock All-Cap Energy & Resources Portfolio </p><p style=" margin-top: 0pt; margin-bottom: 0pt;"> </p><p align="center" style=" margin-top: 0pt; margin-bottom: 0pt;"><b>(each, a “Fund” and collectively, the “Funds”) </b></p><p align="center" style=" margin-top: 24pt; margin-bottom: 0pt;"><b>Supplement dated September 28, 2017 to the Prospectuses of each Fund </b></p><p style=" margin-top: 6pt; margin-bottom: 0pt;">Effective on or about the close of business on December 27, 2017, as specified below, all of the issued and outstanding shares of certain share classes of the Funds (the “Original Shares”) will be converted into other existing share classes of the Funds (the “New Shares”) with the same relative aggregate net asset value as the Original Shares held immediately prior to the conversion. The New Shares currently have lower total expense ratios, and equal or lower distribution fees and shareholder servicing fees payable under the Fund’s 12b-1 plan than the Original Shares. No sales load, fee, or other charge will be imposed on the conversion of these shares and, once converted, the New Shares will not be subject to the contingent deferred sales charge (if any) currently charged on the redemption of the Original Shares. Please refer to your Fund’s Prospectus for more information on the New Shares. The conversion is not expected to be a taxable event for federal income tax purposes and should not result in recognition of gain or loss by converting shareholders. </p><p style=" margin-top: 0pt; margin-bottom: 0pt;"> </p> <table width="100%" align="center" style=" border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0"><tr><td width="72%"></td><td width="2%" valign="bottom"></td><td width="9%"></td><td width="8%" valign="bottom"></td><td style="width: 20pt;"></td><td></td><td></td><td style="width: 20pt;"></td></tr><tr style=" break-inside: avoid;"><td valign="bottom"><div style="width: 18.25pt; margin-top: 0pt; margin-bottom: 0pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;"><b>Fund</b></div></td><td valign="bottom">  </td><td align="center" valign="bottom" style="border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;"><div align="center" style=" margin-top: 0pt; margin-bottom: 1pt;"><b>Original<br/>Shares</b></div></td><td valign="bottom">    </td><td align="center" valign="bottom" style="border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;" colspan="4"><b>New Shares</b></td></tr><tr style=" break-inside: avoid;" ><td valign="top"><div style="text-indent: -1em; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">BlackRock All-Cap Energy & Resources Portfolio </div></td><td valign="bottom">  </td><td align="right" valign="bottom">Investor B</td><td valign="bottom">    </td><td valign="bottom"> </td><td valign="bottom"> </td><td align="right" valign="bottom">Investor A</td><td valign="bottom"></td></tr></table> <p style="margin-top:0pt; margin-bottom:0pt; "><b>BlackRock Funds<sup>SM</sup> </b></p><p style=" margin-top: 0pt; margin-bottom: 0pt; margin-left: 2%;">BlackRock Energy & Resources Portfolio </p><p style=" margin-top: 0pt; margin-bottom: 0pt;"> </p><p align="center" style=" margin-top: 0pt; margin-bottom: 0pt;"><b>(each, a “Fund” and collectively, the “Funds”) </b></p><p align="center" style=" margin-top: 24pt; margin-bottom: 0pt;"><b>Supplement dated September 28, 2017 to the Prospectuses of each Fund </b></p><p style=" margin-top: 6pt; margin-bottom: 0pt;">Effective on or about the close of business on December 27, 2017, as specified below, all of the issued and outstanding shares of certain share classes of the Funds (the “Original Shares”) will be converted into other existing share classes of the Funds (the “New Shares”) with the same relative aggregate net asset value as the Original Shares held immediately prior to the conversion. The New Shares currently have lower total expense ratios, and equal or lower distribution fees and shareholder servicing fees payable under the Fund’s 12b-1 plan than the Original Shares. No sales load, fee, or other charge will be imposed on the conversion of these shares and, once converted, the New Shares will not be subject to the contingent deferred sales charge (if any) currently charged on the redemption of the Original Shares. Please refer to your Fund’s Prospectus for more information on the New Shares. The conversion is not expected to be a taxable event for federal income tax purposes and should not result in recognition of gain or loss by converting shareholders. </p><p style=" margin-top: 0pt; margin-bottom: 0pt;"> </p> <table width="100%" align="center" style=" border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0"><tr><td width="72%"></td><td width="2%" valign="bottom"></td><td width="9%"></td><td width="8%" valign="bottom"></td><td style="width: 20pt;"></td><td></td><td></td><td style="width: 20pt;"></td></tr><tr style=" break-inside: avoid;"><td valign="bottom"><div style="width: 18.25pt; margin-top: 0pt; margin-bottom: 0pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;"><b>Fund</b></div></td><td valign="bottom">  </td><td align="center" valign="bottom" style="border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;"><div align="center" style=" margin-top: 0pt; margin-bottom: 1pt;"><b>Original<br/>Shares</b></div></td><td valign="bottom">    </td><td align="center" valign="bottom" style="border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;" colspan="4"><b>New Shares</b></td></tr><tr style=" break-inside: avoid;" ><td valign="top"><div style="text-indent: -1em; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">BlackRock Energy & Resources Portfolio </div></td><td valign="bottom">  </td><td align="right" valign="bottom">Investor B</td><td valign="bottom">    </td><td valign="bottom"> </td><td valign="bottom"> </td><td align="right" valign="bottom">Investor A</td><td valign="bottom"></td></tr></table> <p style="margin-top:0pt; margin-bottom:0pt; "><b>BlackRock Funds<sup>SM</sup> </b></p><p style=" margin-top: 0pt; margin-bottom: 0pt; margin-left: 2%;">BlackRock Health Sciences Opportunities Portfolio </p><p style=" margin-top: 0pt; margin-bottom: 0pt;"> </p><p align="center" style=" margin-top: 0pt; margin-bottom: 0pt;"><b>(each, a “Fund” and collectively, the “Funds”) </b></p><p align="center" style=" margin-top: 24pt; margin-bottom: 0pt;"><b>Supplement dated September 28, 2017 to the Prospectuses of each Fund </b></p><p style=" margin-top: 6pt; margin-bottom: 0pt;">Effective on or about the close of business on December 27, 2017, as specified below, all of the issued and outstanding shares of certain share classes of the Funds (the “Original Shares”) will be converted into other existing share classes of the Funds (the “New Shares”) with the same relative aggregate net asset value as the Original Shares held immediately prior to the conversion. The New Shares currently have lower total expense ratios, and equal or lower distribution fees and shareholder servicing fees payable under the Fund’s 12b-1 plan than the Original Shares. No sales load, fee, or other charge will be imposed on the conversion of these shares and, once converted, the New Shares will not be subject to the contingent deferred sales charge (if any) currently charged on the redemption of the Original Shares. Please refer to your Fund’s Prospectus for more information on the New Shares. The conversion is not expected to be a taxable event for federal income tax purposes and should not result in recognition of gain or loss by converting shareholders. </p><p style=" margin-top: 0pt; margin-bottom: 0pt;"> </p> <table width="100%" align="center" style=" border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0"><tr><td width="72%"></td><td width="2%" valign="bottom"></td><td width="9%"></td><td width="8%" valign="bottom"></td><td style="width: 20pt;"></td><td></td><td></td><td style="width: 20pt;"></td></tr><tr style=" break-inside: avoid;"><td valign="bottom"><div style="width: 18.25pt; margin-top: 0pt; margin-bottom: 0pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;"><b>Fund</b></div></td><td valign="bottom">  </td><td align="center" valign="bottom" style="border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;"><div align="center" style=" margin-top: 0pt; margin-bottom: 1pt;"><b>Original<br/>Shares</b></div></td><td valign="bottom">    </td><td align="center" valign="bottom" style="border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;" colspan="4"><b>New Shares</b></td></tr><tr style=" break-inside: avoid;" ><td valign="top"><div style="text-indent: -1em; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">BlackRock Health Sciences Opportunities Portfolio </div></td><td valign="bottom">  </td><td align="right" valign="bottom">Investor B</td><td valign="bottom">    </td><td valign="bottom"> </td><td valign="bottom"> </td><td align="right" valign="bottom">Investor A</td><td valign="bottom"></td></tr></table> <p style="margin-top:0pt; margin-bottom:0pt; "><b>BlackRock Funds<sup>SM</sup> </b></p><p style=" margin-top: 0pt; margin-bottom: 0pt; margin-left: 2%;">BlackRock High Equity Income Fund</p><p style=" margin-top: 0pt; margin-bottom: 0pt;"> </p><p align="center" style=" margin-top: 0pt; margin-bottom: 0pt;"><b>(each, a “Fund” and collectively, the “Funds”) </b></p><p align="center" style=" margin-top: 24pt; margin-bottom: 0pt;"><b>Supplement dated September 28, 2017 to the Prospectuses of each Fund </b></p><p style=" margin-top: 6pt; margin-bottom: 0pt;">Effective on or about the close of business on December 27, 2017, as specified below, all of the issued and outstanding shares of certain share classes of the Funds (the “Original Shares”) will be converted into other existing share classes of the Funds (the “New Shares”) with the same relative aggregate net asset value as the Original Shares held immediately prior to the conversion. The New Shares currently have lower total expense ratios, and equal or lower distribution fees and shareholder servicing fees payable under the Fund’s 12b-1 plan than the Original Shares. No sales load, fee, or other charge will be imposed on the conversion of these shares and, once converted, the New Shares will not be subject to the contingent deferred sales charge (if any) currently charged on the redemption of the Original Shares. Please refer to your Fund’s Prospectus for more information on the New Shares. The conversion is not expected to be a taxable event for federal income tax purposes and should not result in recognition of gain or loss by converting shareholders. </p><p style=" margin-top: 0pt; margin-bottom: 0pt;"> </p> <table width="100%" align="center" style=" border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0"><tr><td width="72%"></td><td width="2%" valign="bottom"></td><td width="9%"></td><td width="8%" valign="bottom"></td><td style="width: 20pt;"></td><td></td><td></td><td style="width: 20pt;"></td></tr><tr style=" break-inside: avoid;"><td valign="bottom"><div style="width: 18.25pt; margin-top: 0pt; margin-bottom: 0pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;"><b>Fund</b></div></td><td valign="bottom">  </td><td align="center" valign="bottom" style="border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;"><div align="center" style=" margin-top: 0pt; margin-bottom: 1pt;"><b>Original<br/>Shares</b></div></td><td valign="bottom">    </td><td align="center" valign="bottom" style="border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;" colspan="4"><b>New Shares</b></td></tr><tr style=" break-inside: avoid;" ><td valign="top"><div style="text-indent: -1em; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">BlackRock High Equity Income Fund </div></td><td valign="bottom">  </td><td align="right" valign="bottom">Investor B</td><td valign="bottom">    </td><td valign="bottom"> </td><td valign="bottom"> </td><td align="right" valign="bottom">Investor A</td><td valign="bottom"></td></tr></table> <p style="margin-top:0pt; margin-bottom:0pt; "><b>BlackRock Funds<sup>SM</sup> </b></p><p style=" margin-top: 0pt; margin-bottom: 0pt; margin-left: 2%;">BlackRock International Dividend Fund </p><p style=" margin-top: 0pt; margin-bottom: 0pt;"> </p><p align="center" style=" margin-top: 0pt; margin-bottom: 0pt;"><b>(each, a “Fund” and collectively, the “Funds”) </b></p><p align="center" style=" margin-top: 24pt; margin-bottom: 0pt;"><b>Supplement dated September 28, 2017 to the Prospectuses of each Fund </b></p><p style=" margin-top: 6pt; margin-bottom: 0pt;">Effective on or about the close of business on December 27, 2017, as specified below, all of the issued and outstanding shares of certain share classes of the Funds (the “Original Shares”) will be converted into other existing share classes of the Funds (the “New Shares”) with the same relative aggregate net asset value as the Original Shares held immediately prior to the conversion. The New Shares currently have lower total expense ratios, and equal or lower distribution fees and shareholder servicing fees payable under the Fund’s 12b-1 plan than the Original Shares. No sales load, fee, or other charge will be imposed on the conversion of these shares and, once converted, the New Shares will not be subject to the contingent deferred sales charge (if any) currently charged on the redemption of the Original Shares. Please refer to your Fund’s Prospectus for more information on the New Shares. The conversion is not expected to be a taxable event for federal income tax purposes and should not result in recognition of gain or loss by converting shareholders. </p><p style=" margin-top: 0pt; margin-bottom: 0pt;"> </p> <table width="100%" align="center" style=" border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0"><tr><td width="72%"></td><td width="2%" valign="bottom"></td><td width="9%"></td><td width="8%" valign="bottom"></td><td style="width: 20pt;"></td><td></td><td></td><td style="width: 20pt;"></td></tr><tr style=" break-inside: avoid;"><td valign="bottom"><div style="width: 18.25pt; margin-top: 0pt; margin-bottom: 0pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;"><b>Fund</b></div></td><td valign="bottom">  </td><td align="center" valign="bottom" style="border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;"><div align="center" style=" margin-top: 0pt; margin-bottom: 1pt;"><b>Original<br/>Shares</b></div></td><td valign="bottom">    </td><td align="center" valign="bottom" style="border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;" colspan="4"><b>New Shares</b></td></tr><tr style=" break-inside: avoid;" ><td valign="top"><div style="text-indent: -1em; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">BlackRock International Dividend Fund </div></td><td valign="bottom">  </td><td align="right" valign="bottom">Investor B</td><td valign="bottom">    </td><td valign="bottom"> </td><td valign="bottom"> </td><td align="right" valign="bottom">Investor A</td><td valign="bottom"></td></tr></table> <p style="margin-top:0pt; margin-bottom:0pt; "><b>BlackRock Funds<sup>SM</sup> </b></p><p style=" margin-top: 0pt; margin-bottom: 0pt; margin-left: 2%;">BlackRock Mid-Cap Growth Equity Portfolio </p><p style=" margin-top: 0pt; margin-bottom: 0pt;"> </p><p align="center" style=" margin-top: 0pt; margin-bottom: 0pt;"><b>(each, a “Fund” and collectively, the “Funds”) </b></p><p align="center" style=" margin-top: 24pt; margin-bottom: 0pt;"><b>Supplement dated September 28, 2017 to the Prospectuses of each Fund </b></p><p style=" margin-top: 6pt; margin-bottom: 0pt;">Effective on or about the close of business on December 27, 2017, as specified below, all of the issued and outstanding shares of certain share classes of the Funds (the “Original Shares”) will be converted into other existing share classes of the Funds (the “New Shares”) with the same relative aggregate net asset value as the Original Shares held immediately prior to the conversion. The New Shares currently have lower total expense ratios, and equal or lower distribution fees and shareholder servicing fees payable under the Fund’s 12b-1 plan than the Original Shares. No sales load, fee, or other charge will be imposed on the conversion of these shares and, once converted, the New Shares will not be subject to the contingent deferred sales charge (if any) currently charged on the redemption of the Original Shares. Please refer to your Fund’s Prospectus for more information on the New Shares. The conversion is not expected to be a taxable event for federal income tax purposes and should not result in recognition of gain or loss by converting shareholders. </p><p style=" margin-top: 0pt; margin-bottom: 0pt;"> </p> <table width="100%" align="center" style=" border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0"><tr><td width="72%"></td><td width="2%" valign="bottom"></td><td width="9%"></td><td width="8%" valign="bottom"></td><td style="width: 20pt;"></td><td></td><td></td><td style="width: 20pt;"></td></tr><tr style=" break-inside: avoid;"><td valign="bottom"><div style="width: 18.25pt; margin-top: 0pt; margin-bottom: 0pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;"><b>Fund</b></div></td><td valign="bottom">  </td><td align="center" valign="bottom" style="border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;"><div align="center" style=" margin-top: 0pt; margin-bottom: 1pt;"><b>Original<br/>Shares</b></div></td><td valign="bottom">    </td><td align="center" valign="bottom" style="border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;" colspan="4"><b>New Shares</b></td></tr><tr style=" break-inside: avoid;" ><td valign="top"><div style="text-indent: -1em; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">BlackRock Mid-Cap Growth Equity Portfolio</div></td><td valign="bottom">  </td><td align="right" valign="bottom">Investor B</td><td valign="bottom">    </td><td valign="bottom"> </td><td valign="bottom"> </td><td align="right" valign="bottom">Investor A</td><td valign="bottom"></td></tr></table> <p style="margin-top:0pt; margin-bottom:0pt; "><b>BlackRock Funds<sup>SM</sup> </b></p><p style=" margin-top: 0pt; margin-bottom: 0pt; margin-left: 2%;">BlackRock Money Market Portfolio</p><p style=" margin-top: 0pt; margin-bottom: 0pt;"> </p><p align="center" style=" margin-top: 0pt; margin-bottom: 0pt;"><b>(each, a “Fund” and collectively, the “Funds”) </b></p><p align="center" style=" margin-top: 24pt; margin-bottom: 0pt;"><b>Supplement dated September 28, 2017 to the Prospectuses of each Fund </b></p><p style=" margin-top: 6pt; margin-bottom: 0pt;">Effective on or about the close of business on December 27, 2017, as specified below, all of the issued and outstanding shares of certain share classes of the Funds (the “Original Shares”) will be converted into other existing share classes of the Funds (the “New Shares”) with the same relative aggregate net asset value as the Original Shares held immediately prior to the conversion. The New Shares currently have lower total expense ratios, and equal or lower distribution fees and shareholder servicing fees payable under the Fund’s 12b-1 plan than the Original Shares. No sales load, fee, or other charge will be imposed on the conversion of these shares and, once converted, the New Shares will not be subject to the contingent deferred sales charge (if any) currently charged on the redemption of the Original Shares. Please refer to your Fund’s Prospectus for more information on the New Shares. The conversion is not expected to be a taxable event for federal income tax purposes and should not result in recognition of gain or loss by converting shareholders. </p><p style=" margin-top: 0pt; margin-bottom: 0pt;"> </p> <table width="100%" align="center" style=" border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0"><tr><td width="72%"></td><td width="2%" valign="bottom"></td><td width="9%"></td><td width="8%" valign="bottom"></td><td style="width: 20pt;"></td><td></td><td></td><td style="width: 20pt;"></td></tr><tr style=" break-inside: avoid;"><td valign="bottom"><div style="width: 18.25pt; margin-top: 0pt; margin-bottom: 0pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;"><b>Fund</b></div></td><td valign="bottom">  </td><td align="center" valign="bottom" style="border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;"><div align="center" style=" margin-top: 0pt; margin-bottom: 1pt;"><b>Original<br/>Shares</b></div></td><td valign="bottom">    </td><td align="center" valign="bottom" style="border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;" colspan="4"><b>New Shares</b></td></tr><tr style=" break-inside: avoid;" ><td valign="top"><div style="text-indent: -1em; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">BlackRock Money Market Portfolio </div></td><td valign="bottom">  </td><td align="right" valign="bottom">Investor B</td><td valign="bottom">    </td><td valign="bottom"> </td><td valign="bottom"> </td><td align="right" valign="bottom">Investor A</td><td valign="bottom"></td></tr></table> <p style="margin-top:0pt; margin-bottom:0pt; "><b>BlackRock Funds<sup>SM</sup> </b></p><p style=" margin-top: 0pt; margin-bottom: 0pt; margin-left: 2%;">BlackRock Tactical Opportunities Fund</p><p style=" margin-top: 0pt; margin-bottom: 0pt;"> </p><p align="center" style=" margin-top: 0pt; margin-bottom: 0pt;"><b>(each, a “Fund” and collectively, the “Funds”) </b></p><p align="center" style=" margin-top: 24pt; margin-bottom: 0pt;"><b>Supplement dated September 28, 2017 to the Prospectuses of each Fund </b></p><p style=" margin-top: 6pt; margin-bottom: 0pt;">Effective on or about the close of business on December 27, 2017, as specified below, all of the issued and outstanding shares of certain share classes of the Funds (the “Original Shares”) will be converted into other existing share classes of the Funds (the “New Shares”) with the same relative aggregate net asset value as the Original Shares held immediately prior to the conversion. The New Shares currently have lower total expense ratios, and equal or lower distribution fees and shareholder servicing fees payable under the Fund’s 12b-1 plan than the Original Shares. No sales load, fee, or other charge will be imposed on the conversion of these shares and, once converted, the New Shares will not be subject to the contingent deferred sales charge (if any) currently charged on the redemption of the Original Shares. Please refer to your Fund’s Prospectus for more information on the New Shares. The conversion is not expected to be a taxable event for federal income tax purposes and should not result in recognition of gain or loss by converting shareholders. </p><p style=" margin-top: 0pt; margin-bottom: 0pt;"> </p> <table width="100%" align="center" style=" border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0"><tr><td width="72%"></td><td width="2%" valign="bottom"></td><td width="9%"></td><td width="8%" valign="bottom"></td><td style="width: 20pt;"></td><td></td><td></td><td style="width: 20pt;"></td></tr><tr style=" break-inside: avoid;"><td valign="bottom"><div style="width: 18.25pt; margin-top: 0pt; margin-bottom: 0pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;"><b>Fund</b></div></td><td valign="bottom">  </td><td align="center" valign="bottom" style="border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;"><div align="center" style=" margin-top: 0pt; margin-bottom: 1pt;"><b>Original<br/>Shares</b></div></td><td valign="bottom">    </td><td align="center" valign="bottom" style="border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;" colspan="4"><b>New Shares</b></td></tr><tr style=" break-inside: avoid;" ><td valign="top"><div style="text-indent: -1em; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">BlackRock Tactical Opportunities Fund </div></td><td valign="bottom">  </td><td align="right" valign="bottom">Investor B</td><td valign="bottom">    </td><td valign="bottom"> </td><td valign="bottom"> </td><td align="right" valign="bottom">Investor A</td><td valign="bottom"></td></tr></table> <p style="margin-top:0pt; margin-bottom:0pt; "><b>BlackRock Funds II</b></p><p style=" margin-top: 0pt; margin-bottom: 0pt; margin-left: 2%;">BlackRock High Yield Bond Portfolio</p><p style=" margin-top: 0pt; margin-bottom: 0pt;"> </p><p align="center" style=" margin-top: 0pt; margin-bottom: 0pt;"><b>(each, a “Fund” and collectively, the “Funds”) </b></p><p align="center" style=" margin-top: 24pt; margin-bottom: 0pt;"><b>Supplement dated September 28, 2017 to the Prospectuses of each Fund </b></p><p style=" margin-top: 6pt; margin-bottom: 0pt;">Effective on or about the close of business on December 27, 2017, as specified below, all of the issued and outstanding shares of certain share classes of the Funds (the “Original Shares”) will be converted into other existing share classes of the Funds (the “New Shares”) with the same relative aggregate net asset value as the Original Shares held immediately prior to the conversion. The New Shares currently have lower total expense ratios, and equal or lower distribution fees and shareholder servicing fees payable under the Fund’s 12b-1 plan than the Original Shares. No sales load, fee, or other charge will be imposed on the conversion of these shares and, once converted, the New Shares will not be subject to the contingent deferred sales charge (if any) currently charged on the redemption of the Original Shares. Please refer to your Fund’s Prospectus for more information on the New Shares. The conversion is not expected to be a taxable event for federal income tax purposes and should not result in recognition of gain or loss by converting shareholders. </p><p style=" margin-top: 0pt; margin-bottom: 0pt;"> </p> <table width="100%" align="center" style=" border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0"><tr><td width="72%"></td><td width="2%" valign="bottom"></td><td width="9%"></td><td width="8%" valign="bottom"></td><td style="width: 20pt;"></td><td></td><td></td><td style="width: 20pt;"></td></tr><tr style=" break-inside: avoid;"><td valign="bottom"><div style="width: 18.25pt; margin-top: 0pt; margin-bottom: 0pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;"><b>Fund</b></div></td><td valign="bottom">  </td><td align="center" valign="bottom" style="border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;"><div align="center" style=" margin-top: 0pt; margin-bottom: 1pt;"><b>Original<br/>Shares</b></div></td><td valign="bottom">    </td><td align="center" valign="bottom" style="border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;" colspan="4"><b>New Shares</b></td></tr><tr style=" break-inside: avoid;" ><td valign="top"><div style="text-indent: -1em; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">BlackRock High Yield Bond Portfolio </div></td><td valign="bottom">  </td><td align="right" valign="bottom">Investor B</td><td valign="bottom">    </td><td valign="bottom"> </td><td valign="bottom"> </td><td align="right" valign="bottom">Investor A</td><td valign="bottom"></td></tr><tr style=" break-inside: avoid;" ><td valign="top"><div style="text-indent: -1em; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">BlackRock High Yield Bond Portfolio</div></td><td valign="bottom">  </td><td align="right" valign="bottom">Investor B1</td><td valign="bottom">    </td><td valign="bottom"> </td><td valign="bottom"> </td><td align="right" valign="bottom">Investor A</td><td valign="bottom"></td></tr></table> <p style="margin-top:0pt; margin-bottom:0pt; "><b>BlackRock Funds II</b></p><p style=" margin-top: 0pt; margin-bottom: 0pt; margin-left: 2%;">BlackRock U.S. Government Bond Portfolio</p><p style=" margin-top: 0pt; margin-bottom: 0pt;"> </p><p align="center" style=" margin-top: 0pt; margin-bottom: 0pt;"><b>(each, a “Fund” and collectively, the “Funds”) </b></p><p align="center" style=" margin-top: 24pt; margin-bottom: 0pt;"><b>Supplement dated September 28, 2017 to the Prospectuses of each Fund </b></p><p style=" margin-top: 6pt; margin-bottom: 0pt;">Effective on or about the close of business on December 27, 2017, as specified below, all of the issued and outstanding shares of certain share classes of the Funds (the “Original Shares”) will be converted into other existing share classes of the Funds (the “New Shares”) with the same relative aggregate net asset value as the Original Shares held immediately prior to the conversion. The New Shares currently have lower total expense ratios, and equal or lower distribution fees and shareholder servicing fees payable under the Fund’s 12b-1 plan than the Original Shares. No sales load, fee, or other charge will be imposed on the conversion of these shares and, once converted, the New Shares will not be subject to the contingent deferred sales charge (if any) currently charged on the redemption of the Original Shares. Please refer to your Fund’s Prospectus for more information on the New Shares. The conversion is not expected to be a taxable event for federal income tax purposes and should not result in recognition of gain or loss by converting shareholders. </p><p style=" margin-top: 0pt; margin-bottom: 0pt;"> </p> <table width="100%" align="center" style=" border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0"><tr><td width="72%"></td><td width="2%" valign="bottom"></td><td width="9%"></td><td width="8%" valign="bottom"></td><td style="width: 20pt;"></td><td></td><td></td><td style="width: 20pt;"></td></tr><tr style=" break-inside: avoid;"><td valign="bottom"><div style="width: 18.25pt; margin-top: 0pt; margin-bottom: 0pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;"><b>Fund</b></div></td><td valign="bottom">  </td><td align="center" valign="bottom" style="border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;"><div align="center" style=" margin-top: 0pt; margin-bottom: 1pt;"><b>Original<br/>Shares</b></div></td><td valign="bottom">    </td><td align="center" valign="bottom" style="border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;" colspan="4"><b>New Shares</b></td></tr><tr style=" break-inside: avoid;" ><td valign="top"><div style="text-indent: -1em; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">BlackRock U.S. Government Bond Portfolio </div></td><td valign="bottom">  </td><td align="right" valign="bottom">Investor B1</td><td valign="bottom">    </td><td valign="bottom"> </td><td valign="bottom"> </td><td align="right" valign="bottom">Investor A</td><td valign="bottom"></td></tr></table> <p style="margin-top:0pt; margin-bottom:0pt; "><b>BlackRock Global Allocation Fund, Inc.</b></p><p style=" margin-top: 0pt; margin-bottom: 0pt;"> </p><p align="center" style=" margin-top: 0pt; margin-bottom: 0pt;"><b>(each, a “Fund” and collectively, the “Funds”) </b></p><p align="center" style=" margin-top: 24pt; margin-bottom: 0pt;"><b>Supplement dated September 28, 2017 to the Prospectuses of each Fund </b></p><p style=" margin-top: 6pt; margin-bottom: 0pt;">Effective on or about the close of business on December 27, 2017, as specified below, all of the issued and outstanding shares of certain share classes of the Funds (the “Original Shares”) will be converted into other existing share classes of the Funds (the “New Shares”) with the same relative aggregate net asset value as the Original Shares held immediately prior to the conversion. The New Shares currently have lower total expense ratios, and equal or lower distribution fees and shareholder servicing fees payable under the Fund’s 12b-1 plan than the Original Shares. No sales load, fee, or other charge will be imposed on the conversion of these shares and, once converted, the New Shares will not be subject to the contingent deferred sales charge (if any) currently charged on the redemption of the Original Shares. Please refer to your Fund’s Prospectus for more information on the New Shares. The conversion is not expected to be a taxable event for federal income tax purposes and should not result in recognition of gain or loss by converting shareholders. </p><p style=" margin-top: 0pt; margin-bottom: 0pt;"> </p> <table width="100%" align="center" style=" border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0"><tr><td width="72%"></td><td width="2%" valign="bottom"></td><td width="9%"></td><td width="8%" valign="bottom"></td><td style="width: 20pt;"></td><td></td><td></td><td style="width: 20pt;"></td></tr><tr style=" break-inside: avoid;"><td valign="bottom"><div style="width: 18.25pt; margin-top: 0pt; margin-bottom: 0pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;"><b>Fund</b></div></td><td valign="bottom">  </td><td align="center" valign="bottom" style="border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;"><div align="center" style=" margin-top: 0pt; margin-bottom: 1pt;"><b>Original<br/>Shares</b></div></td><td valign="bottom">    </td><td align="center" valign="bottom" style="border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;" colspan="4"><b>New Shares</b></td></tr><tr style=" break-inside: avoid;" ><td valign="top"><div style="text-indent: -1em; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">BlackRock Global Allocation Fund, Inc.</div></td><td valign="bottom">  </td><td align="right" valign="bottom">Investor B</td><td valign="bottom">    </td><td valign="bottom"> </td><td valign="bottom"> </td><td align="right" valign="bottom">Investor A</td><td valign="bottom"></td></tr></table> <p style="margin-top:0pt; margin-bottom:0pt; "><b>BlackRock Global SmallCap Fund, Inc.</b></p><p style=" margin-top: 0pt; margin-bottom: 0pt;"> </p><p align="center" style=" margin-top: 0pt; margin-bottom: 0pt;"><b>(each, a “Fund” and collectively, the “Funds”) </b></p><p align="center" style=" margin-top: 24pt; margin-bottom: 0pt;"><b>Supplement dated September 28, 2017 to the Prospectuses of each Fund </b></p><p style=" margin-top: 6pt; margin-bottom: 0pt;">Effective on or about the close of business on December 27, 2017, as specified below, all of the issued and outstanding shares of certain share classes of the Funds (the “Original Shares”) will be converted into other existing share classes of the Funds (the “New Shares”) with the same relative aggregate net asset value as the Original Shares held immediately prior to the conversion. The New Shares currently have lower total expense ratios, and equal or lower distribution fees and shareholder servicing fees payable under the Fund’s 12b-1 plan than the Original Shares. No sales load, fee, or other charge will be imposed on the conversion of these shares and, once converted, the New Shares will not be subject to the contingent deferred sales charge (if any) currently charged on the redemption of the Original Shares. Please refer to your Fund’s Prospectus for more information on the New Shares. The conversion is not expected to be a taxable event for federal income tax purposes and should not result in recognition of gain or loss by converting shareholders. </p><p style=" margin-top: 0pt; margin-bottom: 0pt;"> </p> <table width="100%" align="center" style=" border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0"><tr><td width="72%"></td><td width="2%" valign="bottom"></td><td width="9%"></td><td width="8%" valign="bottom"></td><td style="width: 20pt;"></td><td></td><td></td><td style="width: 20pt;"></td></tr><tr style=" break-inside: avoid;"><td valign="bottom"><div style="width: 18.25pt; margin-top: 0pt; margin-bottom: 0pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;"><b>Fund</b></div></td><td valign="bottom">  </td><td align="center" valign="bottom" style="border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;"><div align="center" style=" margin-top: 0pt; margin-bottom: 1pt;"><b>Original<br/>Shares</b></div></td><td valign="bottom">    </td><td align="center" valign="bottom" style="border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;" colspan="4"><b>New Shares</b></td></tr><tr style=" break-inside: avoid;" ><td valign="top"><div style="text-indent: -1em; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">BlackRock Global SmallCap Fund, Inc.</div></td><td valign="bottom">  </td><td align="right" valign="bottom">Investor B</td><td valign="bottom">    </td><td valign="bottom"> </td><td valign="bottom"> </td><td align="right" valign="bottom">Investor A</td><td valign="bottom"></td></tr></table> <p style="margin-top:0pt; margin-bottom:0pt; "><b>BlackRock Large Cap Series Funds, Inc.</b></p><p style=" margin-top: 0pt; margin-bottom: 0pt; margin-left: 2%;">BlackRock Advantage Large Cap Core Fund</p><p style=" margin-top: 0pt; margin-bottom: 0pt;"> </p><p align="center" style=" margin-top: 0pt; margin-bottom: 0pt;"><b>(each, a “Fund” and collectively, the “Funds”) </b></p><p align="center" style=" margin-top: 24pt; margin-bottom: 0pt;"><b>Supplement dated September 28, 2017 to the Prospectuses of each Fund </b></p><p style=" margin-top: 6pt; margin-bottom: 0pt;">Effective on or about the close of business on December 27, 2017, as specified below, all of the issued and outstanding shares of certain share classes of the Funds (the “Original Shares”) will be converted into other existing share classes of the Funds (the “New Shares”) with the same relative aggregate net asset value as the Original Shares held immediately prior to the conversion. The New Shares currently have lower total expense ratios, and equal or lower distribution fees and shareholder servicing fees payable under the Fund’s 12b-1 plan than the Original Shares. No sales load, fee, or other charge will be imposed on the conversion of these shares and, once converted, the New Shares will not be subject to the contingent deferred sales charge (if any) currently charged on the redemption of the Original Shares. Please refer to your Fund’s Prospectus for more information on the New Shares. The conversion is not expected to be a taxable event for federal income tax purposes and should not result in recognition of gain or loss by converting shareholders. </p><p style=" margin-top: 0pt; margin-bottom: 0pt;"> </p> <table width="100%" align="center" style=" border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0"><tr><td width="72%"></td><td width="2%" valign="bottom"></td><td width="9%"></td><td width="8%" valign="bottom"></td><td style="width: 20pt;"></td><td></td><td></td><td style="width: 20pt;"></td></tr><tr style=" break-inside: avoid;"><td valign="bottom"><div style="width: 18.25pt; margin-top: 0pt; margin-bottom: 0pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;"><b>Fund</b></div></td><td valign="bottom">  </td><td align="center" valign="bottom" style="border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;"><div align="center" style=" margin-top: 0pt; margin-bottom: 1pt;"><b>Original<br/>Shares</b></div></td><td valign="bottom">    </td><td align="center" valign="bottom" style="border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;" colspan="4"><b>New Shares</b></td></tr><tr style=" break-inside: avoid;" ><td valign="top"><div style="text-indent: -1em; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">BlackRock Advantage Large Cap Core Fund</div></td><td valign="bottom">  </td><td align="right" valign="bottom">Investor B</td><td valign="bottom">    </td><td valign="bottom"> </td><td valign="bottom"> </td><td align="right" valign="bottom">Investor A</td><td valign="bottom"></td></tr></table> <p style="margin-top:0pt; margin-bottom:0pt; "><b>BlackRock Large Cap Series Funds, Inc.</b></p><p style=" margin-top: 0pt; margin-bottom: 0pt; margin-left: 2%;">BlackRock Advantage Large Cap Value Fund</p><p style=" margin-top: 0pt; margin-bottom: 0pt;"> </p><p align="center" style=" margin-top: 0pt; margin-bottom: 0pt;"><b>(each, a “Fund” and collectively, the “Funds”) </b></p><p align="center" style=" margin-top: 24pt; margin-bottom: 0pt;"><b>Supplement dated September 28, 2017 to the Prospectuses of each Fund </b></p><p style=" margin-top: 6pt; margin-bottom: 0pt;">Effective on or about the close of business on December 27, 2017, as specified below, all of the issued and outstanding shares of certain share classes of the Funds (the “Original Shares”) will be converted into other existing share classes of the Funds (the “New Shares”) with the same relative aggregate net asset value as the Original Shares held immediately prior to the conversion. The New Shares currently have lower total expense ratios, and equal or lower distribution fees and shareholder servicing fees payable under the Fund’s 12b-1 plan than the Original Shares. No sales load, fee, or other charge will be imposed on the conversion of these shares and, once converted, the New Shares will not be subject to the contingent deferred sales charge (if any) currently charged on the redemption of the Original Shares. Please refer to your Fund’s Prospectus for more information on the New Shares. The conversion is not expected to be a taxable event for federal income tax purposes and should not result in recognition of gain or loss by converting shareholders. </p><p style=" margin-top: 0pt; margin-bottom: 0pt;"> </p> <table width="100%" align="center" style=" border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0"><tr><td width="72%"></td><td width="2%" valign="bottom"></td><td width="9%"></td><td width="8%" valign="bottom"></td><td style="width: 20pt;"></td><td></td><td></td><td style="width: 20pt;"></td></tr><tr style=" break-inside: avoid;"><td valign="bottom"><div style="width: 18.25pt; margin-top: 0pt; margin-bottom: 0pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;"><b>Fund</b></div></td><td valign="bottom">  </td><td align="center" valign="bottom" style="border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;"><div align="center" style=" margin-top: 0pt; margin-bottom: 1pt;"><b>Original<br/>Shares</b></div></td><td valign="bottom">    </td><td align="center" valign="bottom" style="border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;" colspan="4"><b>New Shares</b></td></tr><tr style=" break-inside: avoid;" ><td valign="top"><div style="text-indent: -1em; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">BlackRock Advantage Large Cap Value Fund</div></td><td valign="bottom">  </td><td align="right" valign="bottom">Investor B</td><td valign="bottom">    </td><td valign="bottom"> </td><td valign="bottom"> </td><td align="right" valign="bottom">Investor A</td><td valign="bottom"></td></tr></table> <p style="margin-top:0pt; margin-bottom:0pt; "><b>BlackRock Large Cap Series Funds, Inc.</b></p><p style=" margin-top: 0pt; margin-bottom: 0pt; margin-left: 2%;">BlackRock Large Cap Focus Growth Fund</p><p style=" margin-top: 0pt; margin-bottom: 0pt;"> </p><p align="center" style=" margin-top: 0pt; margin-bottom: 0pt;"><b>(each, a “Fund” and collectively, the “Funds”) </b></p><p align="center" style=" margin-top: 24pt; margin-bottom: 0pt;"><b>Supplement dated September 28, 2017 to the Prospectuses of each Fund </b></p><p style=" margin-top: 6pt; margin-bottom: 0pt;">Effective on or about the close of business on December 27, 2017, as specified below, all of the issued and outstanding shares of certain share classes of the Funds (the “Original Shares”) will be converted into other existing share classes of the Funds (the “New Shares”) with the same relative aggregate net asset value as the Original Shares held immediately prior to the conversion. The New Shares currently have lower total expense ratios, and equal or lower distribution fees and shareholder servicing fees payable under the Fund’s 12b-1 plan than the Original Shares. No sales load, fee, or other charge will be imposed on the conversion of these shares and, once converted, the New Shares will not be subject to the contingent deferred sales charge (if any) currently charged on the redemption of the Original Shares. Please refer to your Fund’s Prospectus for more information on the New Shares. The conversion is not expected to be a taxable event for federal income tax purposes and should not result in recognition of gain or loss by converting shareholders. </p><p style=" margin-top: 0pt; margin-bottom: 0pt;"> </p> <table width="100%" align="center" style=" border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0"><tr><td width="72%"></td><td width="2%" valign="bottom"></td><td width="9%"></td><td width="8%" valign="bottom"></td><td style="width: 20pt;"></td><td></td><td></td><td style="width: 20pt;"></td></tr><tr style=" break-inside: avoid;"><td valign="bottom"><div style="width: 18.25pt; margin-top: 0pt; margin-bottom: 0pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;"><b>Fund</b></div></td><td valign="bottom">  </td><td align="center" valign="bottom" style="border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;"><div align="center" style=" margin-top: 0pt; margin-bottom: 1pt;"><b>Original<br/>Shares</b></div></td><td valign="bottom">    </td><td align="center" valign="bottom" style="border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;" colspan="4"><b>New Shares</b></td></tr><tr style=" break-inside: avoid;" ><td valign="top"><div style="text-indent: -1em; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">BlackRock Large Cap Focus Growth Fund</div></td><td valign="bottom">  </td><td align="right" valign="bottom">Investor B</td><td valign="bottom">    </td><td valign="bottom"> </td><td valign="bottom"> </td><td align="right" valign="bottom">Investor A</td><td valign="bottom"></td></tr></table> <p style="margin-top:0pt; margin-bottom:0pt; "><b>BlackRock Latin America Fund, Inc.</b></p><p style=" margin-top: 0pt; margin-bottom: 0pt;"> </p><p align="center" style=" margin-top: 0pt; margin-bottom: 0pt;"><b>(each, a “Fund” and collectively, the “Funds”) </b></p><p align="center" style=" margin-top: 24pt; margin-bottom: 0pt;"><b>Supplement dated September 28, 2017 to the Prospectuses of each Fund </b></p><p style=" margin-top: 6pt; margin-bottom: 0pt;">Effective on or about the close of business on December 27, 2017, as specified below, all of the issued and outstanding shares of certain share classes of the Funds (the “Original Shares”) will be converted into other existing share classes of the Funds (the “New Shares”) with the same relative aggregate net asset value as the Original Shares held immediately prior to the conversion. The New Shares currently have lower total expense ratios, and equal or lower distribution fees and shareholder servicing fees payable under the Fund’s 12b-1 plan than the Original Shares. No sales load, fee, or other charge will be imposed on the conversion of these shares and, once converted, the New Shares will not be subject to the contingent deferred sales charge (if any) currently charged on the redemption of the Original Shares. Please refer to your Fund’s Prospectus for more information on the New Shares. The conversion is not expected to be a taxable event for federal income tax purposes and should not result in recognition of gain or loss by converting shareholders. </p><p style=" margin-top: 0pt; margin-bottom: 0pt;"> </p> <table width="100%" align="center" style=" border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0"><tr><td width="72%"></td><td width="2%" valign="bottom"></td><td width="9%"></td><td width="8%" valign="bottom"></td><td style="width: 20pt;"></td><td></td><td></td><td style="width: 20pt;"></td></tr><tr style=" break-inside: avoid;"><td valign="bottom"><div style="width: 18.25pt; margin-top: 0pt; margin-bottom: 0pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;"><b>Fund</b></div></td><td valign="bottom">  </td><td align="center" valign="bottom" style="border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;"><div align="center" style=" margin-top: 0pt; margin-bottom: 1pt;"><b>Original<br/>Shares</b></div></td><td valign="bottom">    </td><td align="center" valign="bottom" style="border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;" colspan="4"><b>New Shares</b></td></tr><tr style=" break-inside: avoid;" ><td valign="top"><div style="text-indent: -1em; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">BlackRock Latin America Fund, Inc.</div></td><td valign="bottom">  </td><td align="right" valign="bottom">Investor B</td><td valign="bottom">    </td><td valign="bottom"> </td><td valign="bottom"> </td><td align="right" valign="bottom">Investor A</td><td valign="bottom"></td></tr></table> <p style="margin-top:0pt; margin-bottom:0pt; "><b>BlackRock Long-Horizon Equity Fund</b></p><p style=" margin-top: 0pt; margin-bottom: 0pt;"> </p><p align="center" style=" margin-top: 0pt; margin-bottom: 0pt;"><b>(each, a “Fund” and collectively, the “Funds”) </b></p><p align="center" style=" margin-top: 24pt; margin-bottom: 0pt;"><b>Supplement dated September 28, 2017 to the Prospectuses of each Fund </b></p><p style=" margin-top: 6pt; margin-bottom: 0pt;">Effective on or about the close of business on December 27, 2017, as specified below, all of the issued and outstanding shares of certain share classes of the Funds (the “Original Shares”) will be converted into other existing share classes of the Funds (the “New Shares”) with the same relative aggregate net asset value as the Original Shares held immediately prior to the conversion. The New Shares currently have lower total expense ratios, and equal or lower distribution fees and shareholder servicing fees payable under the Fund’s 12b-1 plan than the Original Shares. No sales load, fee, or other charge will be imposed on the conversion of these shares and, once converted, the New Shares will not be subject to the contingent deferred sales charge (if any) currently charged on the redemption of the Original Shares. Please refer to your Fund’s Prospectus for more information on the New Shares. The conversion is not expected to be a taxable event for federal income tax purposes and should not result in recognition of gain or loss by converting shareholders. </p><p style=" margin-top: 0pt; margin-bottom: 0pt;"> </p> <table width="100%" align="center" style=" border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0"><tr><td width="72%"></td><td width="2%" valign="bottom"></td><td width="9%"></td><td width="8%" valign="bottom"></td><td style="width: 20pt;"></td><td></td><td></td><td style="width: 20pt;"></td></tr><tr style=" break-inside: avoid;"><td valign="bottom"><div style="width: 18.25pt; margin-top: 0pt; margin-bottom: 0pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;"><b>Fund</b></div></td><td valign="bottom">  </td><td align="center" valign="bottom" style="border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;"><div align="center" style=" margin-top: 0pt; margin-bottom: 1pt;"><b>Original<br/>Shares</b></div></td><td valign="bottom">    </td><td align="center" valign="bottom" style="border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;" colspan="4"><b>New Shares</b></td></tr><tr style=" break-inside: avoid;" ><td valign="top"><div style="text-indent: -1em; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">BlackRock Long-Horizon Equity Fund</div></td><td valign="bottom">  </td><td align="right" valign="bottom">Investor B</td><td valign="bottom">    </td><td valign="bottom"> </td><td valign="bottom"> </td><td align="right" valign="bottom">Investor A</td><td valign="bottom"></td></tr></table> <p style="margin-top:0pt; margin-bottom:0pt; "><b>BlackRock Municipal Bond Fund, Inc.</b></p><p style=" margin-top: 0pt; margin-bottom: 0pt; margin-left: 2%;">BlackRock National Municipal Fund</p><p style=" margin-top: 0pt; margin-bottom: 0pt;"> </p><p align="center" style=" margin-top: 0pt; margin-bottom: 0pt;"><b>(each, a “Fund” and collectively, the “Funds”) </b></p><p align="center" style=" margin-top: 24pt; margin-bottom: 0pt;"><b>Supplement dated September 28, 2017 to the Prospectuses of each Fund </b></p><p style=" margin-top: 6pt; margin-bottom: 0pt;">Effective on or about the close of business on December 27, 2017, as specified below, all of the issued and outstanding shares of certain share classes of the Funds (the “Original Shares”) will be converted into other existing share classes of the Funds (the “New Shares”) with the same relative aggregate net asset value as the Original Shares held immediately prior to the conversion. The New Shares currently have lower total expense ratios, and equal or lower distribution fees and shareholder servicing fees payable under the Fund’s 12b-1 plan than the Original Shares. No sales load, fee, or other charge will be imposed on the conversion of these shares and, once converted, the New Shares will not be subject to the contingent deferred sales charge (if any) currently charged on the redemption of the Original Shares. Please refer to your Fund’s Prospectus for more information on the New Shares. The conversion is not expected to be a taxable event for federal income tax purposes and should not result in recognition of gain or loss by converting shareholders. </p><p style=" margin-top: 0pt; margin-bottom: 0pt;"> </p> <table width="100%" align="center" style=" border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0"><tr><td width="72%"></td><td width="2%" valign="bottom"></td><td width="9%"></td><td width="8%" valign="bottom"></td><td style="width: 20pt;"></td><td></td><td></td><td style="width: 20pt;"></td></tr><tr style=" break-inside: avoid;"><td valign="bottom"><div style="width: 18.25pt; margin-top: 0pt; margin-bottom: 0pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;"><b>Fund</b></div></td><td valign="bottom">  </td><td align="center" valign="bottom" style="border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;"><div align="center" style=" margin-top: 0pt; margin-bottom: 1pt;"><b>Original<br/>Shares</b></div></td><td valign="bottom">    </td><td align="center" valign="bottom" style="border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;" colspan="4"><b>New Shares</b></td></tr><tr style=" break-inside: avoid;" ><td valign="top"><div style="text-indent: -1em; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">BlackRock National Municipal Fund</div></td><td valign="bottom">  </td><td align="right" valign="bottom">Investor B</td><td valign="bottom">    </td><td valign="bottom"> </td><td valign="bottom"> </td><td align="right" valign="bottom">Investor A</td><td valign="bottom"></td></tr></table> <p style="margin-top:0pt; margin-bottom:0pt; "><b>BlackRock Natural Resources Trust</b></p><p style=" margin-top: 0pt; margin-bottom: 0pt;"> </p><p align="center" style=" margin-top: 0pt; margin-bottom: 0pt;"><b>(each, a “Fund” and collectively, the “Funds”) </b></p><p align="center" style=" margin-top: 24pt; margin-bottom: 0pt;"><b>Supplement dated September 28, 2017 to the Prospectuses of each Fund </b></p><p style=" margin-top: 6pt; margin-bottom: 0pt;">Effective on or about the close of business on December 27, 2017, as specified below, all of the issued and outstanding shares of certain share classes of the Funds (the “Original Shares”) will be converted into other existing share classes of the Funds (the “New Shares”) with the same relative aggregate net asset value as the Original Shares held immediately prior to the conversion. The New Shares currently have lower total expense ratios, and equal or lower distribution fees and shareholder servicing fees payable under the Fund’s 12b-1 plan than the Original Shares. No sales load, fee, or other charge will be imposed on the conversion of these shares and, once converted, the New Shares will not be subject to the contingent deferred sales charge (if any) currently charged on the redemption of the Original Shares. Please refer to your Fund’s Prospectus for more information on the New Shares. The conversion is not expected to be a taxable event for federal income tax purposes and should not result in recognition of gain or loss by converting shareholders. </p><p style=" margin-top: 0pt; margin-bottom: 0pt;"> </p> <table width="100%" align="center" style=" border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0"><tr><td width="72%"></td><td width="2%" valign="bottom"></td><td width="9%"></td><td width="8%" valign="bottom"></td><td style="width: 20pt;"></td><td></td><td></td><td style="width: 20pt;"></td></tr><tr style=" break-inside: avoid;"><td valign="bottom"><div style="width: 18.25pt; margin-top: 0pt; margin-bottom: 0pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;"><b>Fund</b></div></td><td valign="bottom">  </td><td align="center" valign="bottom" style="border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;"><div align="center" style=" margin-top: 0pt; margin-bottom: 1pt;"><b>Original<br/>Shares</b></div></td><td valign="bottom">    </td><td align="center" valign="bottom" style="border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;" colspan="4"><b>New Shares</b></td></tr><tr style=" break-inside: avoid;" ><td valign="top"><div style="text-indent: -1em; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">BlackRock Natural Resources Trust</div></td><td valign="bottom">  </td><td align="right" valign="bottom">Investor B</td><td valign="bottom">    </td><td valign="bottom"> </td><td valign="bottom"> </td><td align="right" valign="bottom">Investor A</td><td valign="bottom"></td></tr></table> <p style="margin-top:0pt; margin-bottom:0pt; "><b>BlackRock Value Opportunities Fund, Inc.</b></p><p style=" margin-top: 0pt; margin-bottom: 0pt;"> </p><p align="center" style=" margin-top: 0pt; margin-bottom: 0pt;"><b>(each, a “Fund” and collectively, the “Funds”) </b></p><p align="center" style=" margin-top: 24pt; margin-bottom: 0pt;"><b>Supplement dated September 28, 2017 to the Prospectuses of each Fund </b></p><p style=" margin-top: 6pt; margin-bottom: 0pt;">Effective on or about the close of business on December 27, 2017, as specified below, all of the issued and outstanding shares of certain share classes of the Funds (the “Original Shares”) will be converted into other existing share classes of the Funds (the “New Shares”) with the same relative aggregate net asset value as the Original Shares held immediately prior to the conversion. The New Shares currently have lower total expense ratios, and equal or lower distribution fees and shareholder servicing fees payable under the Fund’s 12b-1 plan than the Original Shares. No sales load, fee, or other charge will be imposed on the conversion of these shares and, once converted, the New Shares will not be subject to the contingent deferred sales charge (if any) currently charged on the redemption of the Original Shares. Please refer to your Fund’s Prospectus for more information on the New Shares. The conversion is not expected to be a taxable event for federal income tax purposes and should not result in recognition of gain or loss by converting shareholders. </p><p style=" margin-top: 0pt; margin-bottom: 0pt;"> </p> <table width="100%" align="center" style=" border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0"><tr><td width="72%"></td><td width="2%" valign="bottom"></td><td width="9%"></td><td width="8%" valign="bottom"></td><td style="width: 20pt;"></td><td></td><td></td><td style="width: 20pt;"></td></tr><tr style=" break-inside: avoid;"><td valign="bottom"><div style="width: 18.25pt; margin-top: 0pt; margin-bottom: 0pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;"><b>Fund</b></div></td><td valign="bottom">  </td><td align="center" valign="bottom" style="border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;"><div align="center" style=" margin-top: 0pt; margin-bottom: 1pt;"><b>Original<br/>Shares</b></div></td><td valign="bottom">    </td><td align="center" valign="bottom" style="border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;" colspan="4"><b>New Shares</b></td></tr><tr style=" break-inside: avoid;" ><td valign="top"><div style="text-indent: -1em; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em;">BlackRock Value Opportunities Fund, Inc. </div></td><td valign="bottom">  </td><td align="right" valign="bottom">Investor B</td><td valign="bottom">    </td><td valign="bottom"> </td><td valign="bottom"> </td><td align="right" valign="bottom">Investor A</td><td valign="bottom"></td></tr></table> EX-101.SCH 3 bbcfi-20170928.xsd XBRL TAXONOMY EXTENSION SCHEMA 000000 - Document - Document and Entity Information {Elements} link:presentationLink link:calculationLink link:definitionLink 000010 - Document - Risk/Return Supplement {Unlabeled} - BLACKROCK BALANCED CAPITAL FUND, INC. link:presentationLink link:calculationLink link:definitionLink 000011 - Document - Risk/Return Summary {Unlabeled} - BLACKROCK BALANCED CAPITAL FUND, INC. link:presentationLink link:calculationLink link:definitionLink 000012 - Schedule - Shareholder Fees link:presentationLink link:calculationLink link:definitionLink 000013 - Schedule - Annual Fund Operating Expenses link:presentationLink link:calculationLink link:definitionLink 000014 - Schedule - Expense Example {Transposed} link:presentationLink link:calculationLink link:definitionLink 000015 - Schedule - Expense Example, No Redemption {Transposed} link:presentationLink link:calculationLink link:definitionLink 000016 - Schedule - Annual Total Returns [BarChart] link:presentationLink link:calculationLink link:definitionLink 000017 - Schedule - Average Annual Total Returns {Transposed} link:presentationLink link:calculationLink link:definitionLink 000018 - Document - Risk/Return Detail {Unlabeled} - BLACKROCK BALANCED CAPITAL FUND, INC. link:presentationLink link:calculationLink link:definitionLink 000019 - Disclosure - Risk/Return Detail Data {Elements} - BLACKROCK BALANCED CAPITAL FUND, INC. link:presentationLink link:calculationLink link:definitionLink EX-101.DEF 4 bbcfi-20170928_def.xml XBRL TAXONOMY EXTENSION DEFINITION LINKBASE EX-101.LAB 5 bbcfi-20170928_lab.xml XBRL TAXONOMY EXTENSION LABEL LINKBASE Prospectus: Risk/Return: Legal Entity Identifier Document Type Document Period End Date Registrant Name Central Index Key Amendment Flag Amendment Description Trading Symbol Document Creation Date Document Effective Date Prospectus Date Supplement Text Block. 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Sep. 28, 2017

BlackRock Balanced Capital Fund, Inc.

BlackRock Basic Value Fund, Inc.

BlackRock Bond Fund, Inc.

BlackRock Total Return Fund

BlackRock Capital Appreciation Fund, Inc.

BlackRock Equity Dividend Fund

BlackRock Funds^SM

BlackRock Advantage Large Cap Growth Fund

BlackRock All-Cap Energy & Resources Portfolio

BlackRock Energy & Resources Portfolio

BlackRock Health Sciences Opportunities Portfolio

BlackRock High Equity Income Fund

BlackRock International Dividend Fund

BlackRock Mid-Cap Growth Equity Portfolio

BlackRock Money Market Portfolio

BlackRock Tactical Opportunities Fund

BlackRock Funds II

BlackRock High Yield Bond Portfolio

BlackRock U.S. Government Bond Portfolio

BlackRock Global Allocation Fund, Inc.

BlackRock Global SmallCap Fund, Inc.

BlackRock Large Cap Series Funds, Inc.

BlackRock Advantage Large Cap Core Fund

BlackRock Advantage Large Cap Value Fund

BlackRock Large Cap Focus Growth Fund

BlackRock Latin America Fund, Inc.

BlackRock Long-Horizon Equity Fund

BlackRock Municipal Bond Fund, Inc.

BlackRock National Municipal Fund

BlackRock Natural Resources Trust

BlackRock Value Opportunities Fund, Inc.

(each, a “Fund” and collectively, the “Funds”)

Supplement dated September 28, 2017 to the Prospectuses of each Fund

Effective on or about the close of business on December 27, 2017, as specified below, all of the issued and outstanding shares of certain share classes of the Funds (the “Original Shares”) will be converted into other existing share classes of the Funds (the “New Shares”) with the same relative aggregate net asset value as the Original Shares held immediately prior to the conversion. The New Shares currently have lower total expense ratios, and equal or lower distribution fees and shareholder servicing fees payable under the Fund’s 12b-1 plan than the Original Shares. No sales load, fee, or other charge will be imposed on the conversion of these shares and, once converted, the New Shares will not be subject to the contingent deferred sales charge (if any) currently charged on the redemption of the Original Shares. Please refer to your Fund’s Prospectus for more information on the New Shares. The conversion is not expected to be a taxable event for federal income tax purposes and should not result in recognition of gain or loss by converting shareholders.


Fund	Original Shares	New Shares
BlackRock Advantage Large Cap Core Fund	Investor B		Investor A
BlackRock Advantage Large Cap Growth Fund	Investor B		Investor A
BlackRock Advantage Large Cap Value Fund	Investor B		Investor A
BlackRock All-Cap Energy & Resources Portfolio	Investor B		Investor A
BlackRock Balanced Capital Fund, Inc.	Investor B		Investor A
BlackRock Basic Value Fund, Inc.	Investor B		Investor A
BlackRock Capital Appreciation Fund, Inc.	Investor B		Investor A
BlackRock Energy & Resources Portfolio	Investor B		Investor A


BlackRock Equity Dividend Fund	Investor B	Investor A
BlackRock Global Allocation Fund, Inc.	Investor B	Investor A
BlackRock Global SmallCap Fund, Inc.	Investor B	Investor A
BlackRock Health Sciences Opportunities Portfolio	Investor B	Investor A
BlackRock High Equity Income Fund	Investor B	Investor A
BlackRock High Yield Bond Portfolio	Investor B	Investor A
BlackRock High Yield Bond Portfolio	Investor B1	Investor A
BlackRock International Dividend Fund	Investor B	Investor A
BlackRock Large Cap Focus Growth Fund	Investor B	Investor A
BlackRock Latin America Fund, Inc.	Investor B	Investor A
BlackRock Long-Horizon Equity Fund	Investor B	Investor A
BlackRock Mid-Cap Growth Equity Portfolio	Investor B	Investor A
BlackRock Money Market Portfolio	Investor B	Investor A
BlackRock National Municipal Fund	Investor B	Investor A
BlackRock Natural Resources Trust	Investor B	Investor A
BlackRock Tactical Opportunities Fund	Investor B	Investor A
BlackRock Total Return Fund	Investor B	Investor A
BlackRock U.S. Government Bond Portfolio	Investor B1	Investor A
BlackRock Value Opportunities Fund, Inc.	Investor B	Investor A

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