UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Notice of Effectiveness
Effectiveness Date:	June 19, 2006

Form:

N-14

CIK: 0000844779 Company Name: BLACKROCK FUNDS File Number: 333-133764 SERIES/CLASSES (CONTRACTS) MERGERS CIK Series ID Class/Contract Name Acquiring: 0000844779 BLACKROCK FUNDS S000001515 BLACKROCK LOW DURATION BOND PORTFOLIO Target: 0000874619 MERRILL LYNCH SHORT TERM US GOVERNMENT FUND S000002242 MERRILL LYNCH SHORT TERM US GOVERNMENT FUND C000005773 Class A Target: 0000874619 MERRILL LYNCH SHORT TERM US GOVERNMENT FUND S000002242 MERRILL LYNCH SHORT TERM US GOVERNMENT FUND C000005774 Class A1 Target: 0000874619 MERRILL LYNCH SHORT TERM US GOVERNMENT FUND S000002242 MERRILL LYNCH SHORT TERM US GOVERNMENT FUND C000005775 Class B Target: 0000874619 MERRILL LYNCH SHORT TERM US GOVERNMENT FUND S000002242 MERRILL LYNCH SHORT TERM US GOVERNMENT FUND C000005776 Class B1 Target: 0000874619 MERRILL LYNCH SHORT TERM US GOVERNMENT FUND S000002242 MERRILL LYNCH SHORT TERM US GOVERNMENT FUND C000005777 Class C Target: 0000874619 MERRILL LYNCH SHORT TERM US GOVERNMENT FUND S000002242 MERRILL LYNCH SHORT TERM US GOVERNMENT FUND C000005778 Class C1 Target: 0000874619 MERRILL LYNCH SHORT TERM US GOVERNMENT FUND S000002242 MERRILL LYNCH SHORT TERM US GOVERNMENT FUND C000005779 Class I