Doll said he had not seen a wage/price spiral in most major developed economies, although high food and energy prices have pushed up the headline inflation rates around the world and that the emerging markets had been facing more inflation pressure.

International oil price was likely to stay within the range between 120 U.S. dollars and 140 U.S. dollars a barrel in some time ahead, as it had done recently, he said.

"We expect inflationary pressures in the United States to diminish in the months ahead, particularly since the credit squeeze and housing bust are both deflationary forces, and since the economy continues to operate below potential," he said.

Doll said BlackRock remained "cautiously optimistic" about the world stock market outlook and that the economic backdrop in the United States will not harm the long term prospects for equities, although there maybe volatility in the short term.

He refuted the recession argument by saying that there had been no spikes in unemployment and collapsing profit margins seen in the U.S. economy, although the labor market had been under strain and the housing market was probably still in trouble.

"A recession connotes more than just a contraction in gross domestic product," he said, noting that non-financial corporate sector has continued to perform well and a re-normalization was being seen in the credit markets.

"Our overall view is that the economic growth slowdown is probably at its worst point and that prospects for future growth may improve. The current economic backdrop should provide a basis for (U.S.) stock prices to grind higher, but not without continued volatility," he said.

Asia is in a strong position to withstand a global economic slowdown and China is in transition to a more sustainable economic growth model and changing from a capital importer to a capital exporter, he added.

Municipal Funds:
Declaration-         Ex-Date-           Record-         Payable-
 5/1/2008             5/13/2008          5/15/2008       6/2/2008

                                                                Change
National Funds                                 Ticker Dividend   From
                                                                Prior
                                                                 Month
BlackRock Apex Municipal Fund, Inc.             APX   $0.046500   -
BlackRock Insured Municipal 2008 Term Trust,    BRM
 Inc.                                                 $0.047500   -
BlackRock Insured Municipal Income Trust        BYM   $0.061000   -
BlackRock Insured Municipal Term Trust, Inc.    BMT   $0.030417   -
BlackRock Long-Term Municipal Advantage Trust   BTA   $0.055000   -
BlackRock Muni Intermediate Duration Fund, Inc. MUI   $0.061000   -
BlackRock MuniAssets Fund, Inc.                 MUA   $0.067500   -
BlackRock Municipal 2018 Term Trust             BPK   $0.075500   -
BlackRock Municipal 2020 Term Trust             BKK   $0.062250   -
BlackRock Municipal Bond Trust                  BBK   $0.076500   -
BlackRock Municipal Income Trust                BFK   $0.077500   -
BlackRock Municipal Income Trust II             BLE   $0.071000   -
BlackRock MuniEnhanced Fund, Inc.               MEN   $0.043000   -
BlackRock MuniHoldings Fund II, Inc.            MUH   $0.063000   -
BlackRock MuniHoldings Fund, Inc.               MHD   $0.071000   -
BlackRock MuniHoldings Insured Fund II, Inc.    MUE   $0.050000   -
BlackRock MuniHoldings Insured Fund, Inc.       MUS   $0.048500   -
BlackRock MuniVest Fund II, Inc.                MVT   $0.071000   -
BlackRock MuniVest Fund, Inc.                   MVF   $0.043000   -
BlackRock MuniYield Fund, Inc.                  MYD   $0.068000   -
BlackRock MuniYield Insured Fund, Inc.          MYI   $0.056000   -
BlackRock MuniYield Quality Fund II, Inc.       MQT   $0.050000   -
BlackRock MuniYield Quality Fund, Inc.          MQY   $0.057000   -
The BlackRock Investment Quality Municipal      BKN
 Trust, Inc.                                          $0.080000   -
The BlackRock Strategic Municipal Trust         BSD   $0.075000   -

                                                                Change
State-Specific Funds                           Ticker Dividend   From
                                                                Prior
                                                                 Month

BlackRock California Insured Municipal 2008     BFC
 Term Trust, Inc.                                     $0.052500   -
BlackRock California Insured Municipal Income   BCK
 Trust                                                $0.058000   -
BlackRock California Municipal 2018 Term Trust  BJZ   $0.061250   -
BlackRock California Municipal Bond Trust       BZA   $0.077000   -
BlackRock California Municipal Income Trust     BFZ   $0.076074   -
BlackRock California Municipal Income Trust II  BCL   $0.065500   -
BlackRock MuniHoldings California Insured       MUC
 Fund, Inc.                                           $0.055500   -
BlackRock MuniYield California Fund, Inc.       MYC   $0.055000   -
BlackRock MuniYield California Insured Fund,    MCA
 Inc.                                                 $0.056000   -
The BlackRock California Investment Quality     RAA
 Municipal Trust, Inc.                                $0.048000   -
BlackRock Florida Insured Municipal 2008 Term   BRF
 Trust                                                $0.020000   -
BlackRock Florida Insured Municipal Income      BAF
 Trust                                                $0.058000   -
BlackRock Florida Municipal 2020 Term Trust,    BFO
 Inc.                                                 $0.051000   -
BlackRock Florida Municipal Bond Trust          BIE   $0.077808   -
BlackRock Florida Municipal Income Trust        BBF   $0.072875   -
BlackRock MuniHoldings Florida Insured Fund     MFL   $0.055500   -
BlackRock MuniYield Florida Fund                MYF   $0.058000   -
BlackRock MuniYield Florida Insured Fund        MFT   $0.053500   -
The BlackRock Florida Investment Quality        RFA
 Municipal Trust                                      $0.044500   -
BlackRock Maryland Municipal Bond Trust         BZM   $0.071350   -
BlackRock Muni New York Intermediate Duration   MNE
 Fund, Inc.                                           $0.053000   -
BlackRock MuniHoldings New York Insured Fund,   MHN
 Inc.                                                 $0.054500   -
BlackRock MuniYield New York Insured Fund,      MYN
 Inc.                                                 $0.054000   -
BlackRock New York Insured Municipal 2008 Term  BLN
 Trust, Inc.                                          $0.045000   -
BlackRock New York Insured Municipal Income     BSE
 Trust                                                $0.058000   -
BlackRock New York Municipal 2018 Term Trust,   BLH
 Inc.                                                 $0.068750   -
BlackRock New York Municipal Bond Trust         BQH   $0.077099   -
BlackRock New York Municipal Income Trust       BNY   $0.075339   -
BlackRock New York Municipal Income Trust II    BFY   $0.062500   -
The BlackRock New York Investment Quality       RNY
 Municipal Trust, Inc.                                $0.067000   -
BlackRock MuniHoldings New Jersey Insured       MUJ
 Fund, Inc.                                           $0.053000   -
BlackRock MuniYield New Jersey Fund, Inc.       MYJ   $0.058000   -
BlackRock MuniYield New Jersey Insured Fund,    MJI
 Inc.                                                 $0.054000   -
BlackRock New Jersey Municipal Bond Trust       BLJ   $0.078582   -
BlackRock New Jersey Municipal Income Trust     BNJ   $0.079625   -
The BlackRock New Jersey Investment Quality     RNJ
 Municipal Trust                                      $0.068000   -
BlackRock MuniYield Arizona Fund, Inc.          MZA   $0.057000   -
BlackRock MuniYield Michigan Insured Fund II,   MYM
 Inc.                                                 $0.056000   -
BlackRock MuniYield Michigan Insured Fund,      MIY
 Inc.                                                 $0.059000   -
BlackRock MuniYield Pennsylvania Insured Fund   MPA   $0.056000   -
The BlackRock Pennsylvania Strategic Municipal  BPS
 Trust                                                $0.060000   -
BlackRock Virginia Municipal Bond Trust         BHV   $0.072428   -
Massachusetts Health & Education Tax-Exempt     MHE
 Trust                                                $0.049000   -

Taxable Funds:
Declaration-          Ex-Date-          Record-         Payable-
 5/1/2008              5/13/2008         5/15/2008       5/30/2008

                                                                Change
Fund                                           Ticker Dividend   From
                                                                Prior
                                                                 Month
BlackRock Senior High Income Fund, Inc.         ARK   $0.047000   -
The BlackRock Broad Investment Grade 2009 Term  BCT
 Trust, Inc.                                          $0.049000   -
BlackRock Global Floating Rate Income Trust     BGT   $0.125000   -
BlackRock Strategic Bond Trust                  BHD   $0.077000   -
BlackRock Core Bond Trust                       BHK   $0.062000   -
BlackRock Defined Opportunity Credit Trust*     BHL   $0.112500   -
The BlackRock High Yield Trust                  BHY   $0.051000   -
The BlackRock Income Trust, Inc.                BKT   $0.024000   -
BlackRock Limited Duration Income Trust         BLW   $0.125000   -
BlackRock Income Opportunity Trust, Inc.        BNA   $0.051000   -
BlackRock Preferred Opportunity Trust           BPP   $0.125000   -
BlackRock Preferred and Equity Advantage        BTZ
 Trust*                                               $0.156250   -
BlackRock Corporate High Yield Fund, Inc.       COY   $0.061000   -
BlackRock Corporate High Yield Fund III, Inc.   CYE   $0.060000   -
BlackRock Debt Strategies Fund, Inc.            DSU   $0.053000   -
BlackRock Diversified Income Strategies Fund,   DVF
 Inc.                                                 $0.150000   -
BlackRock Enhanced Government Fund, Inc.        EGF   $0.105000   -
BlackRock Floating Rate Income Strategies       FRA
 Fund, Inc.                                           $0.124835   -
BlackRock Floating Rate Income Strategies Fund  FRB
 II, Inc.                                             $0.123350   -
BlackRock High Income Shares                    HIS   $0.018200   -
BlackRock Corporate High Yield Fund VI, Inc.    HYT   $0.100000   -
BlackRock Corporate High Yield Fund V, Inc.     HYV   $0.100000   -
BlackRock Preferred and Corporate Income        PSW
 Strategies Fund, Inc.*                               $0.103300   -
BlackRock Preferred Income Strategies Fund,     PSY
 Inc.*                                                $0.114583   -

Equity Funds:
Declaration-          Ex-Date-           Record-          Payable-
 5/1/2008              5/13/2008          5/15/2008        5/30/2008

                                                               Change
Fund                                          Ticker Dividend    From
                                                               Prior
                                                                Period
BlackRock Real Asset Equity Trust*             BCF   $0.090600    -
BlackRock Enhanced Dividend Achievers(TM)      BDJ
 Trust*                                              $0.101875    -
BlackRock Global Equity Income Trust*          BFD   $0.475000    -
BlackRock International Growth and Income      BGY
 Trust*                                              $0.151700    -
BlackRock Global Opportunities Equity Trust*   BOE   $0.568750    -
BlackRock S&P Quality Rankings Global Equity   BQY
 Managed Trust*                                      $0.225000    -
BlackRock World Investment Trust*               BWC  $0.113750    -

*In order to comply with the requirements of Section 19 of the Investment Company Act of 1940, as amended, the funds noted posted a Section 19 notice to the DTC bulletin board and sent out to their registered shareholders a Section 19 notice with the previous dividend payment. This notice was not for tax reporting purposes and was provided only for informational purposes. This information can be found in the "Closed-End Funds" section of www.blackrock.com.

About BlackRock

BlackRock is one of the world's largest publicly traded investment management firms. At March 31, 2008, BlackRock's AUM was $1.364 trillion. The firm manages assets on behalf of institutions and individuals worldwide through a variety of equity, fixed income, cash management and alternative investment products. In addition, a growing number of institutional investors use BlackRock Solutions(R) investment system, risk management and financial advisory services. Headquartered in New York City, as of March 31, 2008, the firm has approximately 5,600 employees in 19 countries and a major presence in key global markets, including the U.S., Europe, Asia, Australia and the Middle East. For additional information, please visit the Company's website at www.blackrock.com.

Forward-Looking Statements

This press release, and other statements that BlackRock may make, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to BlackRock's future financial or business performance, strategies or expectations. Forward-looking statements are typically identified by words or phrases such as "trend," "potential," "opportunity," "pipeline," "believe," "comfortable," "expect," "anticipate," "current," "intention," "estimate," "position," "assume," "outlook," "continue," "remain," "maintain," "sustain," "seek," "achieve," and similar expressions, or future or conditional verbs such as "will," "would," "should," "could," "may" or similar expressions.

BlackRock cautions that forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time. Forward-looking statements speak only as of the date they are made, and BlackRock assumes no duty to and does not undertake to update forward-looking statements. Actual results could differ materially from those anticipated in forward-looking statements and future results could differ materially from historical performance.

In addition to factors previously disclosed in BlackRock's SEC reports and those identified elsewhere in this report, including the Risk Factors section of Item 1A. of this report, the following factors, among others, could cause actual results to differ materially from forward-looking statements or historical performance: (1) the introduction, withdrawal, success and timing of business initiatives and strategies; (2) changes in political, economic or industry conditions, the interest rate environment or financial and capital markets, which could result in changes in demand for products or services or in the value of assets under management; (3) the relative and absolute investment performance of BlackRock's investment products; (4) the impact of increased competition; (5) the impact of capital improvement projects; (6) the impact of future acquisitions or divestitures; (7) the unfavorable resolution of legal proceedings; (8) the extent and timing of any share repurchases; (9) the impact, extent and timing of technological changes and the adequacy of intellectual property protection; (10) the impact of legislative and regulatory actions and reforms and regulatory, supervisory or enforcement actions of government agencies relating to BlackRock, Merrill Lynch or PNC; (11) terrorist activities and international hostilities, which may adversely affect the general economy, domestic and local financial and capital markets, specific industries, and BlackRock; (12) the ability to attract and retain highly talented professionals; (13) fluctuations in the carrying value of BlackRock's investments; (14) fluctuations in foreign currency exchange rates, which may adversely affect the value of advisory and administration fees earned by BlackRock and the carrying value of certain assets and liabilities denominated in foreign currencies; (15) the impact of changes to tax legislation and, generally, the tax position of the Company; (16) BlackRock's ability to successfully integrate the MLIM and Quellos Businesses with its existing business; (17) the ability of BlackRock to effectively manage the former MLIM and Quellos assets along with its historical assets under management; and (18) BlackRock's success in maintaining the distribution of its products.

BlackRock's Annual Reports on Form 10-K and BlackRock's subsequent filings with the SEC, accessible on the SEC's website at www.sec.gov and on BlackRock's website at www.blackrock.com, discuss these factors in more detail and identify additional factors that can affect forward-looking statements. The information contained on our website is not a part of this press release.

SOURCE: BlackRock Closed-End Funds

Blackrock Closed-End Funds
1-800-882-0052