EX-99.77B

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Board of Directors, Trustees and Shareholders of:

       BlackRock Investment Quality Municipal Trust Inc.
       BlackRock Municipal Income Trust
       BlackRock Long-Term Municipal Advantage Trust
       BlackRock California Investment Quality Municipal Trust Inc.
       BlackRock California Municipal Income Trust
       BlackRock Florida Investment Quality Municipal Trust Inc.
       BlackRock Florida Municipal Income Trust
       BlackRock New Jersey Investment Quality Municipal Trust Inc.
       BlackRock New Jersey Municipal Income Trust
       BlackRock New York Investment Quality Municipal Trust Inc.
       BlackRock New York Municipal Income Trust
       (each a "Trust" and collectively, the "Trusts")

In planning and performing our audits of the financial statements of the Trusts
listed above as of and for the year ended October 31, 2007, in accordance with
the standards of the Public Company Accounting Oversight Board (United States),
we considered their internal control over financial reporting, including control
activities over safeguarding securities, as a basis for designing our auditing
procedures for the purpose of expressing our opinion on the financial statements
and to comply with the requirements of Form N-SAR, but not for the purpose of
expressing an opinion on the effectiveness of the Trusts' internal control over
financial reporting. Accordingly, we express no such opinion.

The management of the Trusts is responsible for establishing and maintaining
effective internal control over financial reporting. In fulfilling this
responsibility, estimates and judgments by management are required to assess the
expected benefits and related costs of controls. A trust's internal control over
financial reporting is a process designed to provide reasonable assurance
regarding the reliability of financial reporting and the preparation of
financial statements for external purposes in accordance with generally accepted
accounting principles. A trust's internal control over financial reporting
includes those policies and procedures that (1) pertain to the maintenance of
records that, in reasonable detail, accurately and fairly reflect the
transactions and dispositions of the assets of the trust; (2) provide reasonable
assurance that transactions are recorded as necessary to permit preparation of
financial statements in accordance with generally accepted accounting
principles, and that receipts and expenditures of the trust are being made only
in accordance with authorizations of management and directors/trustees of the
trust; and (3) provide reasonable assurance regarding prevention or timely
detection of unauthorized acquisition, use, or disposition of a trust's assets
that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting
may not prevent or detect misstatements. Also, projections of any evaluation of
effectiveness to future periods are subject to the risk that controls may become
inadequate because of changes in conditions, or that the degree of compliance
with the policies or procedures may deteriorate.

A deficiency in internal control over financial reporting exists when the design
or operation of a control does not allow management or employees, in the normal
course of performing their assigned functions, to prevent or detect
misstatements on a timely basis. A material weakness is a deficiency, or a
combination of deficiencies, in internal control over financial reporting, such
that there is a reasonable possibility that a material misstatement of the
trust's annual or interim financial statements will not be prevented or detected
on a timely basis.

Our consideration of the Trusts' internal control over financial reporting was
for the limited purpose described in the first paragraph and would not
necessarily disclose all deficiencies in internal control that might be material
weaknesses under standards established by the Public Company Accounting
Oversight Board (United States). However, we noted no deficiencies in the
Trusts' internal controls over financial reporting and their operation,
including controls for safeguarding securities' that we consider to be a
material weakness as defined above as of October 31, 2007.

This report is intended solely for the information and use of management, the
Board of Directors, Trustees of the Trusts listed above and the Securities and
Exchange Commission and is not intended to be and should not be used by anyone
other than these specified parties.




/s/ Deloitte & Touche LLP


Boston, Massachusetts
December 24, 2007

EX-99.77O

                                   FORM 10f-3

                               THE BLACKROCK FUNDS

                         RECORD OF SECURITIES PURCHASED
                     UNDER THE TRUST'S RULE 10f-3 PROCEDURES

1.    Name of Purchasing Portfolio: BlackRock MuniYield Fund, Inc. (MYD),
      BlackRock MuniHoldings Fund, Inc. (MHD), BlackRock MuniHoldings Fund II,
      Inc. (MUH), BlackRock Long-Term Municipal Advantage Trust (BTA), BlackRock
      Municipal Income Trust II (BLE), BlackRock Municipal Income Trust (BFK),
      BlackRock Municipal Bond Trust (BBK), BlackRock Investment Quality
      Municipal Trust (BKN), BlackRock Strategic Municipal Trust (BSD),
      BlackRock California Insured Municipal Bond Fund (BR-CAINS), BlackRock
      MuniHoldings California Insured Fund, Inc. (MUC), BlackRock MuniYield
      California Insured Fund, Inc. (MCA2), BlackRock California Insured
      Municipal Income Trust (BCK), BlackRock MuniYield New Jersey Fund, Inc.
      (MYJ), BlackRock New Jersey Municipal Bond Fund (BR-NJMUNI), The BlackRock
      NJ Investment Quality Municipal Trust (RNJ), BlackRock New Jersey
      Municipal Income Trust (BNJ), BlackRock Virginia Municipal Bond Trust
      (BHV), BlackRock Delaware Municipal Bond Portfolio (BR-DE), Separate
      Accounts, P.I.

2.    Issuer: Puerto Rico Electric Power Authority

3.    Date of Purchase: 4/20/2007

4.    Underwriter from whom purchased: J.P. Morgan

5.    Name of Affiliated Underwriter (as defined in the Trust's procedures)
      managing or participating in syndicate: Merrill Lynch



6.    Aggregate principal amount of purchased (out of total offering):
      $96,025,000 out of $1,943,565,000.

7.    Aggregate principal amount purchased by funds advised by BlackRock and any
      purchases by other accounts with respect to which BlackRock has investment
      discretion (out of the total offering):
      $132,370,000 out of $1,943,565,000.

8.    Purchase price (net of fees and expenses): 107.456 in 2014, 107.983 of
      5.00 in 2015, 101.037 of 4.00 in 2015, 108.560 in 2016, 107.068 IN 2017,
      106.726 IN 2018, 109.550 in 2019, 106.130 IN 2020, 108.017 in 2020,
      105.876 IN 2021, 107.757 in 2021, 105.707 IN 2022, 107.498 in 2022,
      105.454 IN 2023, 107.326 in 2023, 107.154 in 2024, 104.867 in 2032, and
      100 in 2029.

9.    Date offering commenced: 4/18/2007

10.   Offering price at end of first day on which any sales were made:

11.   Have the following conditions been satisfied:                   YES    NO
                                                                      ---   ---

      a.    The securities are part of an issue registered
            under the Securities Act of 1933, as amended,
            which is being offered to the public, OR are
            Eligible Municipal Securities, OR are securities
            sold in an Eligible Foreign Offering OR are
            securities sold in an Eligible Rule 144A
            Offering OR part of an issue of government
            securities.                                               [X]   [ ]

      b.    The securities were purchased prior to the end
            of the first day on which any sales were made,
            at a price that was not more than the price paid
            by each other purchaser of securities in that
            offering or in any concurrent offering of the
            securities (except, in the case of an Eligible
            Foreign Offering, for any rights to purchase
            required by laws to be granted to existing
            security holders of the



            Issuer) OR, if a rights offering, the securities
            were purchased on or before the fourth day
            preceding the day on which the rights offering
            terminated.                                               [X]   [ ]

      c.    The underwriting was a firm commitment
            underwriting.                                             [X]   [ ]

      d.    The commission, spread or profit was reasonable
            and fair in relation to that being received by
            others for underwriting similar securities
            during the same period.                                   [X]   [ ]

      e.    In respect of any securities other than Eligible
            Municipal Securities, the issuer of such
            securities has been in continuous operation for
            not less than three years (including the
            operations of predecessors).                              [X]   [ ]

      f.    Has the affiliated underwriter confirmed that it
            will not receive any direct or indirect benefit
            as a result of BlackRock's participation in the
            offering?                                                 [X]   [ ]

Received from: Janine Bianchino                                    Date: 5/3/07





                                   FORM 10f-3

                               THE BLACKROCK FUNDS

                         RECORD OF SECURITIES PURCHASED
                     UNDER THE TRUST'S RULE 10f-3 PROCEDURES

1.    Name of Purchasing Portfolio: The BlackRock Pennsylvania Strategic
      Municipal Trust (BPS), BlackRock MuniYield Pennsylvania Insured Fund, Inc.
      (MPA), BlackRock MuniYield Insured Fund, Inc. (MYI), BlackRock California
      Insured Municipal Bond Fund (BR-CAINS), BlackRock National Municipal Fund
      (BR-NATL), BlackRock MuniYield California Insured Fund, Inc. (MCA2),
      BlackRock MuniHoldings Fund, Inc. (MHD), BlackRock MuniHoldings Fund II,
      Inc. (MUH), BlackRock MuniYield Fund, Inc. (MYD), BlackRock New York
      Municipal Income Trust II (BFY), BlackRock Virginia Municipal Bond Trust
      (BHV), BlackRock New Jersey Municipal Bond Trust (BLJ), BlackRock New
      Jersey Municipal Income Trust (BNJ), BlackRock New York Municipal Income
      Trust (BNY), BlackRock New York Municipal Bond Trust (BQH), BlackRock
      Delaware Municipal Bond Portfolio (BR-DE), BlackRock New Jersey Municipal
      Bond Fund (BR-NJMUNI), BlackRock New York Municipal Bond Fund (BR-NY),
      BlackRock Pennsylvania Municipal Bond Fund (BR-PAMUNI), BlackRock New York
      Insured Municipal Income Trust (BSE), BlackRock Insured Municipal Income
      Trust (BYM), BlackRock Maryland Municipal Bond Trust (BZM), BlackRock
      MuniEnhanced Fund, Inc. (MEN), BlackRock MuniYield Florida Insured Fund,
      Inc. (MFT), BlackRock MuniHoldings New York Insured Fund, Inc. (MHN),
      BlackRock MuniYield New Jersey Insured Fund, Inc. (MJI), BlackRock
      MuniYield Quality Fund II, Inc. (MQT), BlackRock MuniYield Quality Fund,
      Inc. (MQY), BlackRock MuniHoldings Insured Fund II, Inc. (MUE), BlackRock
      MuniHoldings New Jersey Insured Fund, Inc. (MUJ), BlackRock MuniYield New
      Jersey Fund, Inc. (MYJ), BlackRock MuniYield New York Insured Fund, Inc.
      (MYN), BlackRock MuniYield Arizona Fund, Inc. (MZA), The BlackRock NJ
      Investment Quality Municipal Trust (RNJ), The BlackRock NY Investment
      Quality Municipal Trust (RNY).

2.    Issuer: Puerto Rico Sales Tax Financing Corporation

3.    Date of Purchase: 7/13/2007

4.    Underwriter from whom purchased: Goldman Sachs & Co.

5.    Name of Affiliated Underwriter (as defined in the Trust's procedures)
      managing or participating in syndicate: Merrill Lynch & Co.

6.    Aggregate principal amount of purchased (out of total offering):
      207,935,000 out of 2,667,603,572.60

                                        1



7.    Aggregate principal amount purchased by funds advised by BlackRock and any
      purchases by other accounts with respect to which BlackRock has investment
      discretion (out of the total offering): 218,335,000 out of
      2,667,603,572.60

8.    Purchase price (net of fees and expenses): (Capital Appreciation) 2043
      16.84, 2045 15.085, 2047 13.549, 2054 9.206, (Current Interest) 2057
      102.741

9.    Date offering commenced: 7/13/2007

10.   Offering price at end of first day on which any sales were made: 2045
      15.367, 2054 9.416

11.   Have the following conditions been satisfied:                   YES    NO
                                                                      ---   ---

      a.    The securities are part of an issue registered
            under the Securities Act of 1933, as amended,
            which is being offered to the public, OR are
            Eligible Municipal Securities, OR are securities
            sold in an Eligible Foreign Offering OR are
            securities sold in an Eligible Rule 144A
            Offering OR part of an issue of government
            securities.                                               [X]   [ ]

      b.    The securities were purchased prior to the end
            of the first day on which any sales were made,
            at a price that was not more than the price paid
            by each other purchaser of securities in that
            offering or in any concurrent offering of the
            securities (except, in the case of an Eligible
            Foreign Offering, for any rights to purchase
            required by laws to be granted to existing
            security holders of the Issuer) OR, if a rights
            offering, the securities were purchased on or
            before the fourth day preceding the day on which
            the rights offering terminated.                           [X]   [ ]

      c.    The underwriting was a firm commitment
            underwriting.                                             [X]   [ ]

      d.    The commission, spread or profit was reasonable
            and fair in relation to that being received by
            others for underwriting

                                        2



            similar securities during the same period.                [X]   [ ]

      e.    In respect of any securities other than Eligible
            Municipal Securities, the issuer of such
            securities has been in continuous operation for
            not less than three years (including the
            operations of predecessors).                              [X]   [ ]

      f.    Has the affiliated underwriter confirmed that it
            will not receive any direct or indirect benefit
            as a result of BlackRock's participation in the
            offering?                                                 [X]   [ ]

Approved: Walter O'Connor                                         Date: 7/16/07

                                        3