Dick Davis

BlackRock MuniHoldings Insured Investment Fund is a diversified, closed-end management investment company with no operating history. Its investment objective is to provide total return through a combination of current income and capital appreciation. The Fund seeks to provide shareholders with current income exempt from federal income tax. The Trust also seeks to offer shareholders the opportunity to own shares, the value of which is exempt from Florida intangible personal property tax. The Trust invests at least 80% of its assets in municipal bonds either insured under an insurance policy purchased by the Trust or insured under an insurance policy obtained by the issuer of the municipal bond or any other party. The company is headquartered in Wilmington, DE

BlackRock Dividend Achievers Trust is a diversified, closed-end management investment company with no operating history. It's investment objective is to provide total return through a combination of current income and capital appreciation. The company was founded on September 29, 2003 and is headquartered in Wilmington, DE.

BlackRock MuniHoldings New York Insured Fund, Inc. operates as a Closed-End Investment Fund/Investment Trust. The fund seeks to provide shareholders with current income exempt from federal income taxes and New York State and New York City personal income taxes by investing primarily in a portfolio of long-term, investment grade municipal obligations, the interest on which, in the opinion of bond counsel to the issuer, is exempt from federal income taxes and New York State and New York City personal income taxes. It is headquartered in Wilmington, DE.

BlackRock MuniHoldings Insured Fund, Inc. is a non-diversified, closed-end management investment company. The Fund seeks to provide current income exempt from federal income taxes by investing primarily in a portfolio of long-term, investment-grade municipal obligations, the interest on which is exempt from federal income taxes. The company is headquartered in Wilmington, DE.

BlackRock MuniHoldings California Insured Fund, Inc. is a diversified, closed-end management investment company with no operating history. Its investment objective is to provide total return through a combination of current income and capital appreciation. The company is headquartered in Wilmington, DE

BlackRock Senior Floating Rate Fund II, Inc. is a non-diversified, closed-end management investment company. The trust is headquartered in Willmington, DE.

BlackRock MuniHoldings New Jersey Insured Fund, Inc. is a Closed-End Investment Fund/Investment Trust. It provides shareholders with current income exempt from federal income taxes by investing in a portfolio of long-term and investment grade municipal obligations. The company was founded in 1998 and is headquartered in Wilmington, DE.

BlackRock MuniYield Insured Fund, Inc. is a non-diversified, closed-end management investment company. It seeks to provide shareholders with a high a level of current income exempt from federal income taxes consistent with its investment policies and prudent investment management by investing primarily in a portfolio of long-term, investment grade municipal obligations, the interest on which, in the opinion of bond counsel to the issuer, is exempt from federal income taxes. The trust is headquartered in Plainsboro, NJ.

BlackRock MuniYield Michigan Insured Fund II, Inc. operates as a Closed-End Investment Fund/Investment Trust. It . seeks to provide shareholders with as high a level of current income exempt from federal income tax and Michigan income taxes as is consistent with its investment policies and prudent investment management by investing primarily in a portfolio of long-term municipal obligations the interest on which, in the opinion of bond counsel to the issuer, is exempt from federal income tax and Michigan income taxes. The fund was founded on February 28, 1992 and is headquartered in Wilmington, DE.

BlackRock Insured Municipal Income Trust is a diversified, closed-end management investment company with no operating history. The fund seeks to provide high current income exempt from regular federal income taxes. The Trust will invest at least 80% of its managed assets in municipal obligations that are insured as to the timely payment of both principal and interest. The company was founded on August 19, 2002 and is headquartered in Wilmington, DE

BlackRock California Investment Quality Municipal Trust, Inc. operates as a diversified, closed-end management investment company. Its investment objective to provide high current income which is exempt from regular Federal income taxes and California income taxes consistent with the preservation of capital. The company was founded on May 28, 1993 and is headquartered in Wilmington, DE.

BlackRock MuniYield California Insured Fund, Inc. is a diversified, closed-end management investment company with no operating history. It's investment objective is to provide total return through a combination of current income and capital appreciation. The company is headquartered in Wilmington, DE.

BlackRock Enhanced Dividend Achievers Trust is a diversified, closed-end management investment company with no operating history. Its investment objective is to provide total return through a combination of current income and capital appreciation. The company was founded on July 1, 2005 and is headquartered in Wilmington, DE

BlackRock MuniYield Pennsylvania Insured Fund, Inc. is a non-diversified, closed-end management investment company. The Fund seeks to provide shareholders with a level of current income exempt from federal and Pennsylvania income taxes as is consistent with its investment policies and prudent investment management by investing in a portfolio of long-term municipal obligations the interest on which, in the opinion of bond counsel to the issuers, is exempt from federal and Pennsylvania income taxes. The company is headquartered in Wilmington, DE.

BlackRock Insured Municipal Term Trust, Inc. is a closed-end investment fund/investment trust. It seeks to provide monthly income that is exempt from regular federal income tax to the investors. The company was founded on December 23, 1991 and is headquartered in Wilmington, DE.

BlackRock Apex Municipal Fund, Inc. is a non-diversified, closed-end management investment company. The Fund seeks to provide high current income exempt from federal income taxes by investing primarily in a portfolio of medium to lower-grade or unrated municipal obligations, the interest on which is exempt from federal income taxes. The fund is headquartered in Wilmington, DE.

BlackRock Investment Quality Municipal Income Trust operates as a non diversified, closed-end management investment company. It invests in various portfolios of municipal securities. The trust's investment portfolio includes investments in hospital, industrial and pollution control, housing, transportation, tobacco, tax revenue, education, lease revenue, power, and water and sewer sectors. BlackRock Advisors, Inc. serves as the investment advisor of the trust. The company was founded on May 28, 1993 and is headquartered in Wilmington, DE

BlackRock MuniYield Michigan Insured Fund, Inc. is a diversified, closed-end management investment company with no operating history. Its investment objective is to provide total return through a combination of current income and capital appreciation. The company is headquartered in Wilmington, DE

BlackRock Equity Dividend Trust is a non-diversified and closed-end management investment company. The fund's primary investment objective is to provide total return through a combination of current income and capital appreciation by investing in common stocks that pay dividends and have the potential for capital appreciation. The fund may invest up to 20% of its total assets in common stocks of issuers that do not pay dividends. As part of its investment strategy, the trust intends to employ a strategy of writing covered call and put options on individual common stocks, indices of securities, sectors of securities and baskets of securities. The company was founded on December 23, 2003 and is headquartered in Wilmington, DE.

BlackRock Strategic Equity Dividend Trust is a non-diversified and closed-end management investment company. Its primary investment objective is to provide current income and current gains, with a secondary investment objective of long-term capital appreciation. Under normal market conditions, the Trust will invest at least 80% of its total assets in common stocks of issuers that pay dividends. From time to time, the Trust may invest up to 20% of its total assets in common stocks of issuers that do not pay dividends. As part of its investment strategy, the Trust intends to employ a strategy of writing covered call and put options on individual common stocks, indices of securities, sectors of securities and baskets of securities. The company was founded on March 25, 2004 and is headquartered in Wilmington, DE

BlackRock New York Insured Municipal Income Trust operates as closed-End Investment Fund/Investment Trust. The company is headquartered in Wilmington, DE.

BlackRock MuniHoldings Insured Fund II, Inc. is a diversified, closed-end management investment company. The fund invests primarily in a portfolio of long-term, investment grade municipal obligations, the interest on which, in the opinion of bond counsel to the issuer, is exempt from federal income taxes. Its investment objective is to provide total return through a combination of current income and capital appreciation. The company is headquartered in Wilmington, DE

BlackRock MuniYield New York Insured Fund, Inc. is a diversified, closed-end management investment company with no operating history. Its investment objective is to provide total return through a combination of current income and capital appreciation. The company is headquartered in Wilmington, DE

BlackRock Strategic Dividend Achievers Trust is a diversified, closed-end management investment company with no operating history. Its investment objective is to provide total return through a combination of current income and capital appreciation. The company was founded on January 22, 2004 and is headquartered in Wilmington, DE

BlackRock Enhanced Dividend Achievers Trust is a diversified, closed-end management investment company with no operating history. Its investment objective is to provide total return through a combination of current income and capital appreciation. The company was founded on July 1, 2005 and is headquartered in Wilmington, DE

BlackRock MuniHoldings New York Insured Fund, Inc. operates as a Closed-End Investment Fund/Investment Trust. The fund seeks to provide shareholders with current income exempt from federal income taxes and New York State and New York City personal income taxes by investing primarily in a portfolio of long-term, investment grade municipal obligations, the interest on which, in the opinion of bond counsel to the issuer, is exempt from federal income taxes and New York State and New York City personal income taxes. It is headquartered in Wilmington, DE.

BlackRock New York Insured Municipal Income Trust operates as closed-End Investment Fund/Investment Trust. The company is headquartered in Wilmington, DE.

BlackRock MuniHoldings New Jersey Insured Fund, Inc. is a Closed-End Investment Fund/Investment Trust. It provides shareholders with current income exempt from federal income taxes by investing in a portfolio of long-term and investment grade municipal obligations. The company was founded in 1998 and is headquartered in Wilmington, DE.

BlackRock MuniYield Pennsylvania Insured Fund, Inc. is a non-diversified, closed-end management investment company. The Fund seeks to provide shareholders with a level of current income exempt from federal and Pennsylvania income taxes as is consistent with its investment policies and prudent investment management by investing in a portfolio of long-term municipal obligations the interest on which, in the opinion of bond counsel to the issuers, is exempt from federal and Pennsylvania income taxes. The company is headquartered in Wilmington, DE.

BlackRock MuniYield California Insured Fund, Inc. is a diversified, closed-end management investment company with no operating history. It's investment objective is to provide total return through a combination of current income and capital appreciation. The company is headquartered in Wilmington, DE.

BlackRock California Investment Quality Municipal Trust, Inc. operates as a diversified, closed-end management investment company. Its investment objective to provide high current income which is exempt from regular Federal income taxes and California income taxes consistent with the preservation of capital. The company was founded on May 28, 1993 and is headquartered in Wilmington, DE.

BlackRock Insured Municipal Income Trust is a diversified, closed-end management investment company with no operating history. The fund seeks to provide high current income exempt from regular federal income taxes. The Trust will invest at least 80% of its managed assets in municipal obligations that are insured as to the timely payment of both principal and interest. The company was founded on August 19, 2002 and is headquartered in Wilmington, DE

BlackRock MuniHoldings Insured Fund II, Inc. is a diversified, closed-end management investment company. The fund invests primarily in a portfolio of long-term, investment grade municipal obligations, the interest on which, in the opinion of bond counsel to the issuer, is exempt from federal income taxes. Its investment objective is to provide total return through a combination of current income and capital appreciation. The company is headquartered in Wilmington, DE

BlackRock MuniYield Insured Fund, Inc. is a non-diversified, closed-end management investment company. It seeks to provide shareholders with a high a level of current income exempt from federal income taxes consistent with its investment policies and prudent investment management by investing primarily in a portfolio of long-term, investment grade municipal obligations, the interest on which, in the opinion of bond counsel to the issuer, is exempt from federal income taxes. The trust is headquartered in Plainsboro, NJ.

BlackRock Apex Municipal Fund, Inc. is a non-diversified, closed-end management investment company. The Fund seeks to provide high current income exempt from federal income taxes by investing primarily in a portfolio of medium to lower-grade or unrated municipal obligations, the interest on which is exempt from federal income taxes. The fund is headquartered in Wilmington, DE.

BlackRock MuniHoldings California Insured Fund, Inc. is a diversified, closed-end management investment company with no operating history. Its investment objective is to provide total return through a combination of current income and capital appreciation. The company is headquartered in Wilmington, DE

BlackRock MuniYield Michigan Insured Fund II, Inc. operates as a Closed-End Investment Fund/Investment Trust. It . seeks to provide shareholders with as high a level of current income exempt from federal income tax and Michigan income taxes as is consistent with its investment policies and prudent investment management by investing primarily in a portfolio of long-term municipal obligations the interest on which, in the opinion of bond counsel to the issuer, is exempt from federal income tax and Michigan income taxes. The fund was founded on February 28, 1992 and is headquartered in Wilmington, DE.

BlackRock Dividend Achievers Trust is a diversified, closed-end management investment company with no operating history. It's investment objective is to provide total return through a combination of current income and capital appreciation. The company was founded on September 29, 2003 and is headquartered in Wilmington, DE.

BlackRock Strategic Equity Dividend Trust is a non-diversified and closed-end management investment company. Its primary investment objective is to provide current income and current gains, with a secondary investment objective of long-term capital appreciation. Under normal market conditions, the Trust will invest at least 80% of its total assets in common stocks of issuers that pay dividends. From time to time, the Trust may invest up to 20% of its total assets in common stocks of issuers that do not pay dividends. As part of its investment strategy, the Trust intends to employ a strategy of writing covered call and put options on individual common stocks, indices of securities, sectors of securities and baskets of securities. The company was founded on March 25, 2004 and is headquartered in Wilmington, DE

BlackRock MuniYield Michigan Insured Fund, Inc. is a diversified, closed-end management investment company with no operating history. Its investment objective is to provide total return through a combination of current income and capital appreciation. The company is headquartered in Wilmington, DE

BlackRock MuniHoldings Insured Investment Fund is a diversified, closed-end management investment company with no operating history. Its investment objective is to provide total return through a combination of current income and capital appreciation. The Fund seeks to provide shareholders with current income exempt from federal income tax. The Trust also seeks to offer shareholders the opportunity to own shares, the value of which is exempt from Florida intangible personal property tax. The Trust invests at least 80% of its assets in municipal bonds either insured under an insurance policy purchased by the Trust or insured under an insurance policy obtained by the issuer of the municipal bond or any other party. The company is headquartered in Wilmington, DE

BlackRock MuniYield New York Insured Fund, Inc. is a diversified, closed-end management investment company with no operating history. Its investment objective is to provide total return through a combination of current income and capital appreciation. The company is headquartered in Wilmington, DE

BlackRock Senior Floating Rate Fund II, Inc. is a non-diversified, closed-end management investment company. The trust is headquartered in Willmington, DE.

BlackRock Strategic Dividend Achievers Trust is a diversified, closed-end management investment company with no operating history. Its investment objective is to provide total return through a combination of current income and capital appreciation. The company was founded on January 22, 2004 and is headquartered in Wilmington, DE

BlackRock MuniHoldings Insured Fund, Inc. is a non-diversified, closed-end management investment company. The Fund seeks to provide current income exempt from federal income taxes by investing primarily in a portfolio of long-term, investment-grade municipal obligations, the interest on which is exempt from federal income taxes. The company is headquartered in Wilmington, DE.

BlackRock Insured Municipal Term Trust, Inc. is a closed-end investment fund/investment trust. It seeks to provide monthly income that is exempt from regular federal income tax to the investors. The company was founded on December 23, 1991 and is headquartered in Wilmington, DE.

BlackRock Equity Dividend Trust is a non-diversified and closed-end management investment company. The fund's primary investment objective is to provide total return through a combination of current income and capital appreciation by investing in common stocks that pay dividends and have the potential for capital appreciation. The fund may invest up to 20% of its total assets in common stocks of issuers that do not pay dividends. As part of its investment strategy, the trust intends to employ a strategy of writing covered call and put options on individual common stocks, indices of securities, sectors of securities and baskets of securities. The company was founded on December 23, 2003 and is headquartered in Wilmington, DE.

BlackRock Investment Quality Municipal Income Trust operates as a non diversified, closed-end management investment company. It invests in various portfolios of municipal securities. The trust's investment portfolio includes investments in hospital, industrial and pollution control, housing, transportation, tobacco, tax revenue, education, lease revenue, power, and water and sewer sectors. BlackRock Advisors, Inc. serves as the investment advisor of the trust. The company was founded on May 28, 1993 and is headquartered in Wilmington, DE

BlackRock MuniYield Michigan Insured Fund II, Inc. operates as a Closed-End Investment Fund/Investment Trust. It . seeks to provide shareholders with as high a level of current income exempt from federal income tax and Michigan income taxes as is consistent with its investment policies and prudent investment management by investing primarily in a portfolio of long-term municipal obligations the interest on which, in the opinion of bond counsel to the issuer, is exempt from federal income tax and Michigan income taxes. The fund was founded on February 28, 1992 and is headquartered in Wilmington, DE.

BlackRock MuniYield Insured Fund, Inc. is a non-diversified, closed-end management investment company. It seeks to provide shareholders with a high a level of current income exempt from federal income taxes consistent with its investment policies and prudent investment management by investing primarily in a portfolio of long-term, investment grade municipal obligations, the interest on which, in the opinion of bond counsel to the issuer, is exempt from federal income taxes. The trust is headquartered in Plainsboro, NJ.

BlackRock Insured Municipal Income Trust is a diversified, closed-end management investment company with no operating history. The fund seeks to provide high current income exempt from regular federal income taxes. The Trust will invest at least 80% of its managed assets in municipal obligations that are insured as to the timely payment of both principal and interest. The company was founded on August 19, 2002 and is headquartered in Wilmington, DE

BlackRock Investment Quality Municipal Income Trust operates as a non diversified, closed-end management investment company. It invests in various portfolios of municipal securities. The trust's investment portfolio includes investments in hospital, industrial and pollution control, housing, transportation, tobacco, tax revenue, education, lease revenue, power, and water and sewer sectors. BlackRock Advisors, Inc. serves as the investment advisor of the trust. The company was founded on May 28, 1993 and is headquartered in Wilmington, DE

BlackRock Equity Dividend Trust is a non-diversified and closed-end management investment company. The fund's primary investment objective is to provide total return through a combination of current income and capital appreciation by investing in common stocks that pay dividends and have the potential for capital appreciation. The fund may invest up to 20% of its total assets in common stocks of issuers that do not pay dividends. As part of its investment strategy, the trust intends to employ a strategy of writing covered call and put options on individual common stocks, indices of securities, sectors of securities and baskets of securities. The company was founded on December 23, 2003 and is headquartered in Wilmington, DE.

BlackRock California Investment Quality Municipal Trust, Inc. operates as a diversified, closed-end management investment company. Its investment objective to provide high current income which is exempt from regular Federal income taxes and California income taxes consistent with the preservation of capital. The company was founded on May 28, 1993 and is headquartered in Wilmington, DE.

BlackRock Strategic Equity Dividend Trust is a non-diversified and closed-end management investment company. Its primary investment objective is to provide current income and current gains, with a secondary investment objective of long-term capital appreciation. Under normal market conditions, the Trust will invest at least 80% of its total assets in common stocks of issuers that pay dividends. From time to time, the Trust may invest up to 20% of its total assets in common stocks of issuers that do not pay dividends. As part of its investment strategy, the Trust intends to employ a strategy of writing covered call and put options on individual common stocks, indices of securities, sectors of securities and baskets of securities. The company was founded on March 25, 2004 and is headquartered in Wilmington, DE

BlackRock MuniHoldings New York Insured Fund, Inc. operates as a Closed-End Investment Fund/Investment Trust. The fund seeks to provide shareholders with current income exempt from federal income taxes and New York State and New York City personal income taxes by investing primarily in a portfolio of long-term, investment grade municipal obligations, the interest on which, in the opinion of bond counsel to the issuer, is exempt from federal income taxes and New York State and New York City personal income taxes. It is headquartered in Wilmington, DE.

BlackRock MuniHoldings Insured Fund II, Inc. is a diversified, closed-end management investment company. The fund invests primarily in a portfolio of long-term, investment grade municipal obligations, the interest on which, in the opinion of bond counsel to the issuer, is exempt from federal income taxes. Its investment objective is to provide total return through a combination of current income and capital appreciation. The company is headquartered in Wilmington, DE

BlackRock MuniYield New York Insured Fund, Inc. is a diversified, closed-end management investment company with no operating history. Its investment objective is to provide total return through a combination of current income and capital appreciation. The company is headquartered in Wilmington, DE

BlackRock Senior Floating Rate Fund II, Inc. is a non-diversified, closed-end management investment company. The trust is headquartered in Willmington, DE.

BlackRock Strategic Dividend Achievers Trust is a diversified, closed-end management investment company with no operating history. Its investment objective is to provide total return through a combination of current income and capital appreciation. The company was founded on January 22, 2004 and is headquartered in Wilmington, DE

BlackRock Enhanced Dividend Achievers Trust is a diversified, closed-end management investment company with no operating history. Its investment objective is to provide total return through a combination of current income and capital appreciation. The company was founded on July 1, 2005 and is headquartered in Wilmington, DE

BlackRock MuniHoldings Insured Fund, Inc. is a non-diversified, closed-end management investment company. The Fund seeks to provide current income exempt from federal income taxes by investing primarily in a portfolio of long-term, investment-grade municipal obligations, the interest on which is exempt from federal income taxes. The company is headquartered in Wilmington, DE.

BlackRock MuniHoldings Insured Investment Fund is a diversified, closed-end management investment company with no operating history. Its investment objective is to provide total return through a combination of current income and capital appreciation. The Fund seeks to provide shareholders with current income exempt from federal income tax. The Trust also seeks to offer shareholders the opportunity to own shares, the value of which is exempt from Florida intangible personal property tax. The Trust invests at least 80% of its assets in municipal bonds either insured under an insurance policy purchased by the Trust or insured under an insurance policy obtained by the issuer of the municipal bond or any other party. The company is headquartered in Wilmington, DE

BlackRock New York Insured Municipal Income Trust operates as closed-End Investment Fund/Investment Trust. The company is headquartered in Wilmington, DE.

BlackRock Insured Municipal Term Trust, Inc. is a closed-end investment fund/investment trust. It seeks to provide monthly income that is exempt from regular federal income tax to the investors. The company was founded on December 23, 1991 and is headquartered in Wilmington, DE.

BlackRock MuniYield Michigan Insured Fund, Inc. is a diversified, closed-end management investment company with no operating history. Its investment objective is to provide total return through a combination of current income and capital appreciation. The company is headquartered in Wilmington, DE

BlackRock MuniHoldings California Insured Fund, Inc. is a diversified, closed-end management investment company with no operating history. Its investment objective is to provide total return through a combination of current income and capital appreciation. The company is headquartered in Wilmington, DE

BlackRock Dividend Achievers Trust is a diversified, closed-end management investment company with no operating history. It's investment objective is to provide total return through a combination of current income and capital appreciation. The company was founded on September 29, 2003 and is headquartered in Wilmington, DE.

BlackRock MuniYield Pennsylvania Insured Fund, Inc. is a non-diversified, closed-end management investment company. The Fund seeks to provide shareholders with a level of current income exempt from federal and Pennsylvania income taxes as is consistent with its investment policies and prudent investment management by investing in a portfolio of long-term municipal obligations the interest on which, in the opinion of bond counsel to the issuers, is exempt from federal and Pennsylvania income taxes. The company is headquartered in Wilmington, DE.

BlackRock MuniHoldings New Jersey Insured Fund, Inc. is a Closed-End Investment Fund/Investment Trust. It provides shareholders with current income exempt from federal income taxes by investing in a portfolio of long-term and investment grade municipal obligations. The company was founded in 1998 and is headquartered in Wilmington, DE.

BlackRock Apex Municipal Fund, Inc. is a non-diversified, closed-end management investment company. The Fund seeks to provide high current income exempt from federal income taxes by investing primarily in a portfolio of medium to lower-grade or unrated municipal obligations, the interest on which is exempt from federal income taxes. The fund is headquartered in Wilmington, DE.

BlackRock MuniHoldings Insured Fund, Inc. is a non-diversified, closed-end management investment company. The Fund seeks to provide current income exempt from federal income taxes by investing primarily in a portfolio of long-term, investment-grade municipal obligations, the interest on which is exempt from federal income taxes. The company is headquartered in Wilmington, DE.

BlackRock MuniYield Michigan Insured Fund, Inc. is a diversified, closed-end management investment company with no operating history. Its investment objective is to provide total return through a combination of current income and capital appreciation. The company is headquartered in Wilmington, DE

BlackRock MuniYield Insured Fund, Inc. is a non-diversified, closed-end management investment company. It seeks to provide shareholders with a high a level of current income exempt from federal income taxes consistent with its investment policies and prudent investment management by investing primarily in a portfolio of long-term, investment grade municipal obligations, the interest on which, in the opinion of bond counsel to the issuer, is exempt from federal income taxes. The trust is headquartered in Plainsboro, NJ.

BlackRock California Investment Quality Municipal Trust, Inc. operates as a diversified, closed-end management investment company. Its investment objective to provide high current income which is exempt from regular Federal income taxes and California income taxes consistent with the preservation of capital. The company was founded on May 28, 1993 and is headquartered in Wilmington, DE.

BlackRock Equity Dividend Trust is a non-diversified and closed-end management investment company. The fund's primary investment objective is to provide total return through a combination of current income and capital appreciation by investing in common stocks that pay dividends and have the potential for capital appreciation. The fund may invest up to 20% of its total assets in common stocks of issuers that do not pay dividends. As part of its investment strategy, the trust intends to employ a strategy of writing covered call and put options on individual common stocks, indices of securities, sectors of securities and baskets of securities. The company was founded on December 23, 2003 and is headquartered in Wilmington, DE.

BlackRock Senior Floating Rate Fund II, Inc. is a non-diversified, closed-end management investment company. The trust is headquartered in Willmington, DE.

BlackRock MuniYield New York Insured Fund, Inc. is a diversified, closed-end management investment company with no operating history. Its investment objective is to provide total return through a combination of current income and capital appreciation. The company is headquartered in Wilmington, DE

BlackRock MuniYield Michigan Insured Fund II, Inc. operates as a Closed-End Investment Fund/Investment Trust. It . seeks to provide shareholders with as high a level of current income exempt from federal income tax and Michigan income taxes as is consistent with its investment policies and prudent investment management by investing primarily in a portfolio of long-term municipal obligations the interest on which, in the opinion of bond counsel to the issuer, is exempt from federal income tax and Michigan income taxes. The fund was founded on February 28, 1992 and is headquartered in Wilmington, DE.

BlackRock MuniYield California Insured Fund, Inc. is a diversified, closed-end management investment company with no operating history. It's investment objective is to provide total return through a combination of current income and capital appreciation. The company is headquartered in Wilmington, DE.

BlackRock Apex Municipal Fund, Inc. is a non-diversified, closed-end management investment company. The Fund seeks to provide high current income exempt from federal income taxes by investing primarily in a portfolio of medium to lower-grade or unrated municipal obligations, the interest on which is exempt from federal income taxes. The fund is headquartered in Wilmington, DE.

BlackRock Insured Municipal Income Trust is a diversified, closed-end management investment company with no operating history. The fund seeks to provide high current income exempt from regular federal income taxes. The Trust will invest at least 80% of its managed assets in municipal obligations that are insured as to the timely payment of both principal and interest. The company was founded on August 19, 2002 and is headquartered in Wilmington, DE

BlackRock Investment Quality Municipal Income Trust operates as a non diversified, closed-end management investment company. It invests in various portfolios of municipal securities. The trust's investment portfolio includes investments in hospital, industrial and pollution control, housing, transportation, tobacco, tax revenue, education, lease revenue, power, and water and sewer sectors. BlackRock Advisors, Inc. serves as the investment advisor of the trust. The company was founded on May 28, 1993 and is headquartered in Wilmington, DE

BlackRock MuniHoldings California Insured Fund, Inc. is a diversified, closed-end management investment company with no operating history. Its investment objective is to provide total return through a combination of current income and capital appreciation. The company is headquartered in Wilmington, DE

BlackRock Dividend Achievers Trust is a diversified, closed-end management investment company with no operating history. It's investment objective is to provide total return through a combination of current income and capital appreciation. The company was founded on September 29, 2003 and is headquartered in Wilmington, DE.

BlackRock MuniYield Pennsylvania Insured Fund, Inc. is a non-diversified, closed-end management investment company. The Fund seeks to provide shareholders with a level of current income exempt from federal and Pennsylvania income taxes as is consistent with its investment policies and prudent investment management by investing in a portfolio of long-term municipal obligations the interest on which, in the opinion of bond counsel to the issuers, is exempt from federal and Pennsylvania income taxes. The company is headquartered in Wilmington, DE.

BlackRock Strategic Equity Dividend Trust is a non-diversified and closed-end management investment company. Its primary investment objective is to provide current income and current gains, with a secondary investment objective of long-term capital appreciation. Under normal market conditions, the Trust will invest at least 80% of its total assets in common stocks of issuers that pay dividends. From time to time, the Trust may invest up to 20% of its total assets in common stocks of issuers that do not pay dividends. As part of its investment strategy, the Trust intends to employ a strategy of writing covered call and put options on individual common stocks, indices of securities, sectors of securities and baskets of securities. The company was founded on March 25, 2004 and is headquartered in Wilmington, DE

BlackRock MuniHoldings New Jersey Insured Fund, Inc. is a Closed-End Investment Fund/Investment Trust. It provides shareholders with current income exempt from federal income taxes by investing in a portfolio of long-term and investment grade municipal obligations. The company was founded in 1998 and is headquartered in Wilmington, DE.

BlackRock MuniHoldings Insured Investment Fund is a diversified, closed-end management investment company with no operating history. Its investment objective is to provide total return through a combination of current income and capital appreciation. The Fund seeks to provide shareholders with current income exempt from federal income tax. The Trust also seeks to offer shareholders the opportunity to own shares, the value of which is exempt from Florida intangible personal property tax. The Trust invests at least 80% of its assets in municipal bonds either insured under an insurance policy purchased by the Trust or insured under an insurance policy obtained by the issuer of the municipal bond or any other party. The company is headquartered in Wilmington, DE

BlackRock MuniHoldings Insured Fund II, Inc. is a diversified, closed-end management investment company. The fund invests primarily in a portfolio of long-term, investment grade municipal obligations, the interest on which, in the opinion of bond counsel to the issuer, is exempt from federal income taxes. Its investment objective is to provide total return through a combination of current income and capital appreciation. The company is headquartered in Wilmington, DE

BlackRock MuniHoldings New York Insured Fund, Inc. operates as a Closed-End Investment Fund/Investment Trust. The fund seeks to provide shareholders with current income exempt from federal income taxes and New York State and New York City personal income taxes by investing primarily in a portfolio of long-term, investment grade municipal obligations, the interest on which, in the opinion of bond counsel to the issuer, is exempt from federal income taxes and New York State and New York City personal income taxes. It is headquartered in Wilmington, DE.

BlackRock Strategic Dividend Achievers Trust is a diversified, closed-end management investment company with no operating history. Its investment objective is to provide total return through a combination of current income and capital appreciation. The company was founded on January 22, 2004 and is headquartered in Wilmington, DE

BlackRock Insured Municipal Term Trust, Inc. is a closed-end investment fund/investment trust. It seeks to provide monthly income that is exempt from regular federal income tax to the investors. The company was founded on December 23, 1991 and is headquartered in Wilmington, DE.

BlackRock New York Insured Municipal Income Trust operates as closed-End Investment Fund/Investment Trust. The company is headquartered in Wilmington, DE.

BlackRock Enhanced Dividend Achievers Trust is a diversified, closed-end management investment company with no operating history. Its investment objective is to provide total return through a combination of current income and capital appreciation. The company was founded on July 1, 2005 and is headquartered in Wilmington, DE

BlackRock MuniHoldings California Insured Fund, Inc. is a diversified, closed-end management investment company with no operating history. Its investment objective is to provide total return through a combination of current income and capital appreciation. The company is headquartered in Wilmington, DE

BlackRock New York Insured Municipal Income Trust operates as closed-End Investment Fund/Investment Trust. The company is headquartered in Wilmington, DE.

BlackRock California Investment Quality Municipal Trust, Inc. operates as a diversified, closed-end management investment company. Its investment objective to provide high current income which is exempt from regular Federal income taxes and California income taxes consistent with the preservation of capital. The company was founded on May 28, 1993 and is headquartered in Wilmington, DE.

BlackRock MuniYield New York Insured Fund, Inc. is a diversified, closed-end management investment company with no operating history. Its investment objective is to provide total return through a combination of current income and capital appreciation. The company is headquartered in Wilmington, DE

BlackRock MuniYield Michigan Insured Fund II, Inc. operates as a Closed-End Investment Fund/Investment Trust. It . seeks to provide shareholders with as high a level of current income exempt from federal income tax and Michigan income taxes as is consistent with its investment policies and prudent investment management by investing primarily in a portfolio of long-term municipal obligations the interest on which, in the opinion of bond counsel to the issuer, is exempt from federal income tax and Michigan income taxes. The fund was founded on February 28, 1992 and is headquartered in Wilmington, DE.

BlackRock MuniYield California Insured Fund, Inc. is a diversified, closed-end management investment company with no operating history. It's investment objective is to provide total return through a combination of current income and capital appreciation. The company is headquartered in Wilmington, DE.

BlackRock MuniYield Insured Fund, Inc. is a non-diversified, closed-end management investment company. It seeks to provide shareholders with a high a level of current income exempt from federal income taxes consistent with its investment policies and prudent investment management by investing primarily in a portfolio of long-term, investment grade municipal obligations, the interest on which, in the opinion of bond counsel to the issuer, is exempt from federal income taxes. The trust is headquartered in Plainsboro, NJ.

BlackRock MuniHoldings New York Insured Fund, Inc. operates as a Closed-End Investment Fund/Investment Trust. The fund seeks to provide shareholders with current income exempt from federal income taxes and New York State and New York City personal income taxes by investing primarily in a portfolio of long-term, investment grade municipal obligations, the interest on which, in the opinion of bond counsel to the issuer, is exempt from federal income taxes and New York State and New York City personal income taxes. It is headquartered in Wilmington, DE.

BlackRock Apex Municipal Fund, Inc. is a non-diversified, closed-end management investment company. The Fund seeks to provide high current income exempt from federal income taxes by investing primarily in a portfolio of medium to lower-grade or unrated municipal obligations, the interest on which is exempt from federal income taxes. The fund is headquartered in Wilmington, DE.

BlackRock Insured Municipal Income Trust is a diversified, closed-end management investment company with no operating history. The fund seeks to provide high current income exempt from regular federal income taxes. The Trust will invest at least 80% of its managed assets in municipal obligations that are insured as to the timely payment of both principal and interest. The company was founded on August 19, 2002 and is headquartered in Wilmington, DE

BlackRock Investment Quality Municipal Income Trust operates as a non diversified, closed-end management investment company. It invests in various portfolios of municipal securities. The trust's investment portfolio includes investments in hospital, industrial and pollution control, housing, transportation, tobacco, tax revenue, education, lease revenue, power, and water and sewer sectors. BlackRock Advisors, Inc. serves as the investment advisor of the trust. The company was founded on May 28, 1993 and is headquartered in Wilmington, DE

BlackRock MuniYield Pennsylvania Insured Fund, Inc. is a non-diversified, closed-end management investment company. The Fund seeks to provide shareholders with a level of current income exempt from federal and Pennsylvania income taxes as is consistent with its investment policies and prudent investment management by investing in a portfolio of long-term municipal obligations the interest on which, in the opinion of bond counsel to the issuers, is exempt from federal and Pennsylvania income taxes. The company is headquartered in Wilmington, DE.

BlackRock MuniYield Michigan Insured Fund, Inc. is a diversified, closed-end management investment company with no operating history. Its investment objective is to provide total return through a combination of current income and capital appreciation. The company is headquartered in Wilmington, DE

BlackRock Strategic Equity Dividend Trust is a non-diversified and closed-end management investment company. Its primary investment objective is to provide current income and current gains, with a secondary investment objective of long-term capital appreciation. Under normal market conditions, the Trust will invest at least 80% of its total assets in common stocks of issuers that pay dividends. From time to time, the Trust may invest up to 20% of its total assets in common stocks of issuers that do not pay dividends. As part of its investment strategy, the Trust intends to employ a strategy of writing covered call and put options on individual common stocks, indices of securities, sectors of securities and baskets of securities. The company was founded on March 25, 2004 and is headquartered in Wilmington, DE

BlackRock MuniHoldings New Jersey Insured Fund, Inc. is a Closed-End Investment Fund/Investment Trust. It provides shareholders with current income exempt from federal income taxes by investing in a portfolio of long-term and investment grade municipal obligations. The company was founded in 1998 and is headquartered in Wilmington, DE.

BlackRock MuniHoldings Insured Investment Fund is a diversified, closed-end management investment company with no operating history. Its investment objective is to provide total return through a combination of current income and capital appreciation. The Fund seeks to provide shareholders with current income exempt from federal income tax. The Trust also seeks to offer shareholders the opportunity to own shares, the value of which is exempt from Florida intangible personal property tax. The Trust invests at least 80% of its assets in municipal bonds either insured under an insurance policy purchased by the Trust or insured under an insurance policy obtained by the issuer of the municipal bond or any other party. The company is headquartered in Wilmington, DE

BlackRock MuniHoldings Insured Fund II, Inc. is a diversified, closed-end management investment company. The fund invests primarily in a portfolio of long-term, investment grade municipal obligations, the interest on which, in the opinion of bond counsel to the issuer, is exempt from federal income taxes. Its investment objective is to provide total return through a combination of current income and capital appreciation. The company is headquartered in Wilmington, DE

BlackRock Senior Floating Rate Fund II, Inc. is a non-diversified, closed-end management investment company. The trust is headquartered in Willmington, DE.

BlackRock Strategic Dividend Achievers Trust is a diversified, closed-end management investment company with no operating history. Its investment objective is to provide total return through a combination of current income and capital appreciation. The company was founded on January 22, 2004 and is headquartered in Wilmington, DE

BlackRock MuniHoldings Insured Fund, Inc. is a non-diversified, closed-end management investment company. The Fund seeks to provide current income exempt from federal income taxes by investing primarily in a portfolio of long-term, investment-grade municipal obligations, the interest on which is exempt from federal income taxes. The company is headquartered in Wilmington, DE.

BlackRock Insured Municipal Term Trust, Inc. is a closed-end investment fund/investment trust. It seeks to provide monthly income that is exempt from regular federal income tax to the investors. The company was founded on December 23, 1991 and is headquartered in Wilmington, DE.

BlackRock Equity Dividend Trust is a non-diversified and closed-end management investment company. The fund's primary investment objective is to provide total return through a combination of current income and capital appreciation by investing in common stocks that pay dividends and have the potential for capital appreciation. The fund may invest up to 20% of its total assets in common stocks of issuers that do not pay dividends. As part of its investment strategy, the trust intends to employ a strategy of writing covered call and put options on individual common stocks, indices of securities, sectors of securities and baskets of securities. The company was founded on December 23, 2003 and is headquartered in Wilmington, DE.

BlackRock Dividend Achievers Trust is a diversified, closed-end management investment company with no operating history. It's investment objective is to provide total return through a combination of current income and capital appreciation. The company was founded on September 29, 2003 and is headquartered in Wilmington, DE.

BlackRock Enhanced Dividend Achievers Trust is a diversified, closed-end management investment company with no operating history. Its investment objective is to provide total return through a combination of current income and capital appreciation. The company was founded on July 1, 2005 and is headquartered in Wilmington, DE

BlackRock Senior Floating Rate Fund II, Inc. is a non-diversified, closed-end management investment company. The trust is headquartered in Willmington, DE.

BlackRock California Investment Quality Municipal Trust, Inc. operates as a diversified, closed-end management investment company. Its investment objective to provide high current income which is exempt from regular Federal income taxes and California income taxes consistent with the preservation of capital. The company was founded on May 28, 1993 and is headquartered in Wilmington, DE.

BlackRock MuniYield Insured Fund, Inc. is a non-diversified, closed-end management investment company. It seeks to provide shareholders with a high a level of current income exempt from federal income taxes consistent with its investment policies and prudent investment management by investing primarily in a portfolio of long-term, investment grade municipal obligations, the interest on which, in the opinion of bond counsel to the issuer, is exempt from federal income taxes. The trust is headquartered in Plainsboro, NJ.

BlackRock MuniYield Michigan Insured Fund II, Inc. operates as a Closed-End Investment Fund/Investment Trust. It . seeks to provide shareholders with as high a level of current income exempt from federal income tax and Michigan income taxes as is consistent with its investment policies and prudent investment management by investing primarily in a portfolio of long-term municipal obligations the interest on which, in the opinion of bond counsel to the issuer, is exempt from federal income tax and Michigan income taxes. The fund was founded on February 28, 1992 and is headquartered in Wilmington, DE.

BlackRock MuniYield New York Insured Fund, Inc. is a diversified, closed-end management investment company with no operating history. Its investment objective is to provide total return through a combination of current income and capital appreciation. The company is headquartered in Wilmington, DE

BlackRock Insured Municipal Income Trust is a diversified, closed-end management investment company with no operating history. The fund seeks to provide high current income exempt from regular federal income taxes. The Trust will invest at least 80% of its managed assets in municipal obligations that are insured as to the timely payment of both principal and interest. The company was founded on August 19, 2002 and is headquartered in Wilmington, DE

BlackRock MuniHoldings New York Insured Fund, Inc. operates as a Closed-End Investment Fund/Investment Trust. The fund seeks to provide shareholders with current income exempt from federal income taxes and New York State and New York City personal income taxes by investing primarily in a portfolio of long-term, investment grade municipal obligations, the interest on which, in the opinion of bond counsel to the issuer, is exempt from federal income taxes and New York State and New York City personal income taxes. It is headquartered in Wilmington, DE.

BlackRock Equity Dividend Trust is a non-diversified and closed-end management investment company. The fund's primary investment objective is to provide total return through a combination of current income and capital appreciation by investing in common stocks that pay dividends and have the potential for capital appreciation. The fund may invest up to 20% of its total assets in common stocks of issuers that do not pay dividends. As part of its investment strategy, the trust intends to employ a strategy of writing covered call and put options on individual common stocks, indices of securities, sectors of securities and baskets of securities. The company was founded on December 23, 2003 and is headquartered in Wilmington, DE.

BlackRock Investment Quality Municipal Income Trust operates as a non diversified, closed-end management investment company. It invests in various portfolios of municipal securities. The trust's investment portfolio includes investments in hospital, industrial and pollution control, housing, transportation, tobacco, tax revenue, education, lease revenue, power, and water and sewer sectors. BlackRock Advisors, Inc. serves as the investment advisor of the trust. The company was founded on May 28, 1993 and is headquartered in Wilmington, DE

BlackRock Strategic Equity Dividend Trust is a non-diversified and closed-end management investment company. Its primary investment objective is to provide current income and current gains, with a secondary investment objective of long-term capital appreciation. Under normal market conditions, the Trust will invest at least 80% of its total assets in common stocks of issuers that pay dividends. From time to time, the Trust may invest up to 20% of its total assets in common stocks of issuers that do not pay dividends. As part of its investment strategy, the Trust intends to employ a strategy of writing covered call and put options on individual common stocks, indices of securities, sectors of securities and baskets of securities. The company was founded on March 25, 2004 and is headquartered in Wilmington, DE

BlackRock MuniHoldings Insured Fund II, Inc. is a diversified, closed-end management investment company. The fund invests primarily in a portfolio of long-term, investment grade municipal obligations, the interest on which, in the opinion of bond counsel to the issuer, is exempt from federal income taxes. Its investment objective is to provide total return through a combination of current income and capital appreciation. The company is headquartered in Wilmington, DE

BlackRock MuniHoldings California Insured Fund, Inc. is a diversified, closed-end management investment company with no operating history. Its investment objective is to provide total return through a combination of current income and capital appreciation. The company is headquartered in Wilmington, DE

BlackRock MuniHoldings Insured Investment Fund is a diversified, closed-end management investment company with no operating history. Its investment objective is to provide total return through a combination of current income and capital appreciation. The Fund seeks to provide shareholders with current income exempt from federal income tax. The Trust also seeks to offer shareholders the opportunity to own shares, the value of which is exempt from Florida intangible personal property tax. The Trust invests at least 80% of its assets in municipal bonds either insured under an insurance policy purchased by the Trust or insured under an insurance policy obtained by the issuer of the municipal bond or any other party. The company is headquartered in Wilmington, DE

BlackRock New York Insured Municipal Income Trust operates as closed-End Investment Fund/Investment Trust. The company is headquartered in Wilmington, DE.

BlackRock MuniHoldings New Jersey Insured Fund, Inc. is a Closed-End Investment Fund/Investment Trust. It provides shareholders with current income exempt from federal income taxes by investing in a portfolio of long-term and investment grade municipal obligations. The company was founded in 1998 and is headquartered in Wilmington, DE.

BlackRock MuniYield California Insured Fund, Inc. is a diversified, closed-end management investment company with no operating history. It's investment objective is to provide total return through a combination of current income and capital appreciation. The company is headquartered in Wilmington, DE.

BlackRock MuniYield Pennsylvania Insured Fund, Inc. is a non-diversified, closed-end management investment company. The Fund seeks to provide shareholders with a level of current income exempt from federal and Pennsylvania income taxes as is consistent with its investment policies and prudent investment management by investing in a portfolio of long-term municipal obligations the interest on which, in the opinion of bond counsel to the issuers, is exempt from federal and Pennsylvania income taxes. The company is headquartered in Wilmington, DE.

BlackRock MuniYield Michigan Insured Fund, Inc. is a diversified, closed-end management investment company with no operating history. Its investment objective is to provide total return through a combination of current income and capital appreciation. The company is headquartered in Wilmington, DE

BlackRock Strategic Dividend Achievers Trust is a diversified, closed-end management investment company with no operating history. Its investment objective is to provide total return through a combination of current income and capital appreciation. The company was founded on January 22, 2004 and is headquartered in Wilmington, DE

BlackRock MuniHoldings Insured Fund, Inc. is a non-diversified, closed-end management investment company. The Fund seeks to provide current income exempt from federal income taxes by investing primarily in a portfolio of long-term, investment-grade municipal obligations, the interest on which is exempt from federal income taxes. The company is headquartered in Wilmington, DE.

BlackRock Apex Municipal Fund, Inc. is a non-diversified, closed-end management investment company. The Fund seeks to provide high current income exempt from federal income taxes by investing primarily in a portfolio of medium to lower-grade or unrated municipal obligations, the interest on which is exempt from federal income taxes. The fund is headquartered in Wilmington, DE.

BlackRock Enhanced Dividend Achievers Trust is a diversified, closed-end management investment company with no operating history. Its investment objective is to provide total return through a combination of current income and capital appreciation. The company was founded on July 1, 2005 and is headquartered in Wilmington, DE

BlackRock Insured Municipal Term Trust, Inc. is a closed-end investment fund/investment trust. It seeks to provide monthly income that is exempt from regular federal income tax to the investors. The company was founded on December 23, 1991 and is headquartered in Wilmington, DE.

BlackRock Dividend Achievers Trust is a diversified, closed-end management investment company with no operating history. It's investment objective is to provide total return through a combination of current income and capital appreciation. The company was founded on September 29, 2003 and is headquartered in Wilmington, DE.

BlackRock Insured Municipal Term Trust, Inc. is a closed-end investment fund/investment trust. It seeks to provide monthly income that is exempt from regular federal income tax to the investors. The company was founded on December 23, 1991 and is headquartered in Wilmington, DE.

BlackRock MuniHoldings Insured Investment Fund is a diversified, closed-end management investment company with no operating history. Its investment objective is to provide total return through a combination of current income and capital appreciation. The Fund seeks to provide shareholders with current income exempt from federal income tax. The Trust also seeks to offer shareholders the opportunity to own shares, the value of which is exempt from Florida intangible personal property tax. The Trust invests at least 80% of its assets in municipal bonds either insured under an insurance policy purchased by the Trust or insured under an insurance policy obtained by the issuer of the municipal bond or any other party. The company is headquartered in Wilmington, DE

BlackRock Strategic Dividend Achievers Trust is a diversified, closed-end management investment company with no operating history. Its investment objective is to provide total return through a combination of current income and capital appreciation. The company was founded on January 22, 2004 and is headquartered in Wilmington, DE

BlackRock MuniHoldings Insured Fund, Inc. is a non-diversified, closed-end management investment company. The Fund seeks to provide current income exempt from federal income taxes by investing primarily in a portfolio of long-term, investment-grade municipal obligations, the interest on which is exempt from federal income taxes. The company is headquartered in Wilmington, DE.

BlackRock MuniYield Pennsylvania Insured Fund, Inc. is a non-diversified, closed-end management investment company. The Fund seeks to provide shareholders with a level of current income exempt from federal and Pennsylvania income taxes as is consistent with its investment policies and prudent investment management by investing in a portfolio of long-term municipal obligations the interest on which, in the opinion of bond counsel to the issuers, is exempt from federal and Pennsylvania income taxes. The company is headquartered in Wilmington, DE.

BlackRock MuniHoldings Insured Fund II, Inc. is a diversified, closed-end management investment company. The fund invests primarily in a portfolio of long-term, investment grade municipal obligations, the interest on which, in the opinion of bond counsel to the issuer, is exempt from federal income taxes. Its investment objective is to provide total return through a combination of current income and capital appreciation. The company is headquartered in Wilmington, DE

BlackRock New York Insured Municipal Income Trust operates as closed-End Investment Fund/Investment Trust. The company is headquartered in Wilmington, DE.

BlackRock Insured Municipal Income Trust is a diversified, closed-end management investment company with no operating history. The fund seeks to provide high current income exempt from regular federal income taxes. The Trust will invest at least 80% of its managed assets in municipal obligations that are insured as to the timely payment of both principal and interest. The company was founded on August 19, 2002 and is headquartered in Wilmington, DE

BlackRock California Investment Quality Municipal Trust, Inc. operates as a diversified, closed-end management investment company. Its investment objective to provide high current income which is exempt from regular Federal income taxes and California income taxes consistent with the preservation of capital. The company was founded on May 28, 1993 and is headquartered in Wilmington, DE.

BlackRock MuniYield California Insured Fund, Inc. is a diversified, closed-end management investment company with no operating history. It's investment objective is to provide total return through a combination of current income and capital appreciation. The company is headquartered in Wilmington, DE.

BlackRock MuniYield Insured Fund, Inc. is a non-diversified, closed-end management investment company. It seeks to provide shareholders with a high a level of current income exempt from federal income taxes consistent with its investment policies and prudent investment management by investing primarily in a portfolio of long-term, investment grade municipal obligations, the interest on which, in the opinion of bond counsel to the issuer, is exempt from federal income taxes. The trust is headquartered in Plainsboro, NJ.

BlackRock Senior Floating Rate Fund II, Inc. is a non-diversified, closed-end management investment company. The trust is headquartered in Willmington, DE.

BlackRock MuniYield Michigan Insured Fund II, Inc. operates as a Closed-End Investment Fund/Investment Trust. It . seeks to provide shareholders with as high a level of current income exempt from federal income tax and Michigan income taxes as is consistent with its investment policies and prudent investment management by investing primarily in a portfolio of long-term municipal obligations the interest on which, in the opinion of bond counsel to the issuer, is exempt from federal income tax and Michigan income taxes. The fund was founded on February 28, 1992 and is headquartered in Wilmington, DE.

BlackRock MuniHoldings New York Insured Fund, Inc. operates as a Closed-End Investment Fund/Investment Trust. The fund seeks to provide shareholders with current income exempt from federal income taxes and New York State and New York City personal income taxes by investing primarily in a portfolio of long-term, investment grade municipal obligations, the interest on which, in the opinion of bond counsel to the issuer, is exempt from federal income taxes and New York State and New York City personal income taxes. It is headquartered in Wilmington, DE.

BlackRock Apex Municipal Fund, Inc. is a non-diversified, closed-end management investment company. The Fund seeks to provide high current income exempt from federal income taxes by investing primarily in a portfolio of medium to lower-grade or unrated municipal obligations, the interest on which is exempt from federal income taxes. The fund is headquartered in Wilmington, DE.

BlackRock MuniHoldings California Insured Fund, Inc. is a diversified, closed-end management investment company with no operating history. Its investment objective is to provide total return through a combination of current income and capital appreciation. The company is headquartered in Wilmington, DE

BlackRock Equity Dividend Trust is a non-diversified and closed-end management investment company. The fund's primary investment objective is to provide total return through a combination of current income and capital appreciation by investing in common stocks that pay dividends and have the potential for capital appreciation. The fund may invest up to 20% of its total assets in common stocks of issuers that do not pay dividends. As part of its investment strategy, the trust intends to employ a strategy of writing covered call and put options on individual common stocks, indices of securities, sectors of securities and baskets of securities. The company was founded on December 23, 2003 and is headquartered in Wilmington, DE.

BlackRock MuniYield Michigan Insured Fund, Inc. is a diversified, closed-end management investment company with no operating history. Its investment objective is to provide total return through a combination of current income and capital appreciation. The company is headquartered in Wilmington, DE

BlackRock Strategic Equity Dividend Trust is a non-diversified and closed-end management investment company. Its primary investment objective is to provide current income and current gains, with a secondary investment objective of long-term capital appreciation. Under normal market conditions, the Trust will invest at least 80% of its total assets in common stocks of issuers that pay dividends. From time to time, the Trust may invest up to 20% of its total assets in common stocks of issuers that do not pay dividends. As part of its investment strategy, the Trust intends to employ a strategy of writing covered call and put options on individual common stocks, indices of securities, sectors of securities and baskets of securities. The company was founded on March 25, 2004 and is headquartered in Wilmington, DE

BlackRock MuniHoldings New Jersey Insured Fund, Inc. is a Closed-End Investment Fund/Investment Trust. It provides shareholders with current income exempt from federal income taxes by investing in a portfolio of long-term and investment grade municipal obligations. The company was founded in 1998 and is headquartered in Wilmington, DE.

BlackRock MuniYield New York Insured Fund, Inc. is a diversified, closed-end management investment company with no operating history. Its investment objective is to provide total return through a combination of current income and capital appreciation. The company is headquartered in Wilmington, DE

BlackRock Dividend Achievers Trust is a diversified, closed-end management investment company with no operating history. It's investment objective is to provide total return through a combination of current income and capital appreciation. The company was founded on September 29, 2003 and is headquartered in Wilmington, DE.

BlackRock Investment Quality Municipal Income Trust operates as a non diversified, closed-end management investment company. It invests in various portfolios of municipal securities. The trust's investment portfolio includes investments in hospital, industrial and pollution control, housing, transportation, tobacco, tax revenue, education, lease revenue, power, and water and sewer sectors. BlackRock Advisors, Inc. serves as the investment advisor of the trust. The company was founded on May 28, 1993 and is headquartered in Wilmington, DE

BlackRock Enhanced Dividend Achievers Trust is a diversified, closed-end management investment company with no operating history. Its investment objective is to provide total return through a combination of current income and capital appreciation. The company was founded on July 1, 2005 and is headquartered in Wilmington, DE

BlackRock MuniYield Michigan Insured Fund, Inc. is a diversified, closed-end management investment company with no operating history. Its investment objective is to provide total return through a combination of current income and capital appreciation. The company is headquartered in Wilmington, DE

BlackRock MuniHoldings Insured Fund, Inc. is a non-diversified, closed-end management investment company. The Fund seeks to provide current income exempt from federal income taxes by investing primarily in a portfolio of long-term, investment-grade municipal obligations, the interest on which is exempt from federal income taxes. The company is headquartered in Wilmington, DE.

BlackRock New York Insured Municipal Income Trust operates as closed-End Investment Fund/Investment Trust. The company is headquartered in Wilmington, DE.

BlackRock MuniYield New York Insured Fund, Inc. is a diversified, closed-end management investment company with no operating history. Its investment objective is to provide total return through a combination of current income and capital appreciation. The company is headquartered in Wilmington, DE

BlackRock MuniYield Pennsylvania Insured Fund, Inc. is a non-diversified, closed-end management investment company. The Fund seeks to provide shareholders with a level of current income exempt from federal and Pennsylvania income taxes as is consistent with its investment policies and prudent investment management by investing in a portfolio of long-term municipal obligations the interest on which, in the opinion of bond counsel to the issuers, is exempt from federal and Pennsylvania income taxes. The company is headquartered in Wilmington, DE.

BlackRock MuniHoldings Insured Investment Fund is a diversified, closed-end management investment company with no operating history. Its investment objective is to provide total return through a combination of current income and capital appreciation. The Fund seeks to provide shareholders with current income exempt from federal income tax. The Trust also seeks to offer shareholders the opportunity to own shares, the value of which is exempt from Florida intangible personal property tax. The Trust invests at least 80% of its assets in municipal bonds either insured under an insurance policy purchased by the Trust or insured under an insurance policy obtained by the issuer of the municipal bond or any other party. The company is headquartered in Wilmington, DE

BlackRock MuniYield Insured Fund, Inc. is a non-diversified, closed-end management investment company. It seeks to provide shareholders with a high a level of current income exempt from federal income taxes consistent with its investment policies and prudent investment management by investing primarily in a portfolio of long-term, investment grade municipal obligations, the interest on which, in the opinion of bond counsel to the issuer, is exempt from federal income taxes. The trust is headquartered in Plainsboro, NJ.

BlackRock MuniYield California Insured Fund, Inc. is a diversified, closed-end management investment company with no operating history. It's investment objective is to provide total return through a combination of current income and capital appreciation. The company is headquartered in Wilmington, DE.

BlackRock MuniHoldings Insured Fund II, Inc. is a diversified, closed-end management investment company. The fund invests primarily in a portfolio of long-term, investment grade municipal obligations, the interest on which, in the opinion of bond counsel to the issuer, is exempt from federal income taxes. Its investment objective is to provide total return through a combination of current income and capital appreciation. The company is headquartered in Wilmington, DE

BlackRock Enhanced Dividend Achievers Trust is a diversified, closed-end management investment company with no operating history. Its investment objective is to provide total return through a combination of current income and capital appreciation. The company was founded on July 1, 2005 and is headquartered in Wilmington, DE

BlackRock MuniHoldings New Jersey Insured Fund, Inc. is a Closed-End Investment Fund/Investment Trust. It provides shareholders with current income exempt from federal income taxes by investing in a portfolio of long-term and investment grade municipal obligations. The company was founded in 1998 and is headquartered in Wilmington, DE.

BlackRock MuniYield Michigan Insured Fund II, Inc. operates as a Closed-End Investment Fund/Investment Trust. It . seeks to provide shareholders with as high a level of current income exempt from federal income tax and Michigan income taxes as is consistent with its investment policies and prudent investment management by investing primarily in a portfolio of long-term municipal obligations the interest on which, in the opinion of bond counsel to the issuer, is exempt from federal income tax and Michigan income taxes. The fund was founded on February 28, 1992 and is headquartered in Wilmington, DE.

BlackRock Insured Municipal Income Trust is a diversified, closed-end management investment company with no operating history. The fund seeks to provide high current income exempt from regular federal income taxes. The Trust will invest at least 80% of its managed assets in municipal obligations that are insured as to the timely payment of both principal and interest. The company was founded on August 19, 2002 and is headquartered in Wilmington, DE

BlackRock Apex Municipal Fund, Inc. is a non-diversified, closed-end management investment company. The Fund seeks to provide high current income exempt from federal income taxes by investing primarily in a portfolio of medium to lower-grade or unrated municipal obligations, the interest on which is exempt from federal income taxes. The fund is headquartered in Wilmington, DE.

BlackRock MuniHoldings California Insured Fund, Inc. is a diversified, closed-end management investment company with no operating history. Its investment objective is to provide total return through a combination of current income and capital appreciation. The company is headquartered in Wilmington, DE

BlackRock California Investment Quality Municipal Trust, Inc. operates as a diversified, closed-end management investment company. Its investment objective to provide high current income which is exempt from regular Federal income taxes and California income taxes consistent with the preservation of capital. The company was founded on May 28, 1993 and is headquartered in Wilmington, DE.

BlackRock Dividend Achievers Trust is a diversified, closed-end management investment company with no operating history. It's investment objective is to provide total return through a combination of current income and capital appreciation. The company was founded on September 29, 2003 and is headquartered in Wilmington, DE.

BlackRock MuniHoldings New York Insured Fund, Inc. operates as a Closed-End Investment Fund/Investment Trust. The fund seeks to provide shareholders with current income exempt from federal income taxes and New York State and New York City personal income taxes by investing primarily in a portfolio of long-term, investment grade municipal obligations, the interest on which, in the opinion of bond counsel to the issuer, is exempt from federal income taxes and New York State and New York City personal income taxes. It is headquartered in Wilmington, DE.

BlackRock Senior Floating Rate Fund II, Inc. is a non-diversified, closed-end management investment company. The trust is headquartered in Willmington, DE.

BlackRock Strategic Dividend Achievers Trust is a diversified, closed-end management investment company with no operating history. Its investment objective is to provide total return through a combination of current income and capital appreciation. The company was founded on January 22, 2004 and is headquartered in Wilmington, DE

BlackRock Insured Municipal Term Trust, Inc. is a closed-end investment fund/investment trust. It seeks to provide monthly income that is exempt from regular federal income tax to the investors. The company was founded on December 23, 1991 and is headquartered in Wilmington, DE.

BlackRock Equity Dividend Trust is a non-diversified and closed-end management investment company. The fund's primary investment objective is to provide total return through a combination of current income and capital appreciation by investing in common stocks that pay dividends and have the potential for capital appreciation. The fund may invest up to 20% of its total assets in common stocks of issuers that do not pay dividends. As part of its investment strategy, the trust intends to employ a strategy of writing covered call and put options on individual common stocks, indices of securities, sectors of securities and baskets of securities. The company was founded on December 23, 2003 and is headquartered in Wilmington, DE.

BlackRock Strategic Equity Dividend Trust is a non-diversified and closed-end management investment company. Its primary investment objective is to provide current income and current gains, with a secondary investment objective of long-term capital appreciation. Under normal market conditions, the Trust will invest at least 80% of its total assets in common stocks of issuers that pay dividends. From time to time, the Trust may invest up to 20% of its total assets in common stocks of issuers that do not pay dividends. As part of its investment strategy, the Trust intends to employ a strategy of writing covered call and put options on individual common stocks, indices of securities, sectors of securities and baskets of securities. The company was founded on March 25, 2004 and is headquartered in Wilmington, DE

BlackRock Enhanced Dividend Achievers Trust is a diversified, closed-end management investment company with no operating history. Its investment objective is to provide total return through a combination of current income and capital appreciation. The company was founded on July 1, 2005 and is headquartered in Wilmington, DE

BlackRock MuniYield Michigan Insured Fund, Inc. is a diversified, closed-end management investment company with no operating history. Its investment objective is to provide total return through a combination of current income and capital appreciation. The company is headquartered in Wilmington, DE

BlackRock Senior Floating Rate Fund II, Inc. is a non-diversified, closed-end management investment company. The trust is headquartered in Willmington, DE.

BlackRock MuniHoldings Insured Investment Fund is a diversified, closed-end management investment company with no operating history. Its investment objective is to provide total return through a combination of current income and capital appreciation. The Fund seeks to provide shareholders with current income exempt from federal income tax. The Trust also seeks to offer shareholders the opportunity to own shares, the value of which is exempt from Florida intangible personal property tax. The Trust invests at least 80% of its assets in municipal bonds either insured under an insurance policy purchased by the Trust or insured under an insurance policy obtained by the issuer of the municipal bond or any other party. The company is headquartered in Wilmington, DE

BlackRock MuniYield Insured Fund, Inc. is a non-diversified, closed-end management investment company. It seeks to provide shareholders with a high a level of current income exempt from federal income taxes consistent with its investment policies and prudent investment management by investing primarily in a portfolio of long-term, investment grade municipal obligations, the interest on which, in the opinion of bond counsel to the issuer, is exempt from federal income taxes. The trust is headquartered in Plainsboro, NJ.

BlackRock MuniYield Michigan Insured Fund II, Inc. operates as a Closed-End Investment Fund/Investment Trust. It . seeks to provide shareholders with as high a level of current income exempt from federal income tax and Michigan income taxes as is consistent with its investment policies and prudent investment management by investing primarily in a portfolio of long-term municipal obligations the interest on which, in the opinion of bond counsel to the issuer, is exempt from federal income tax and Michigan income taxes. The fund was founded on February 28, 1992 and is headquartered in Wilmington, DE.

BlackRock California Investment Quality Municipal Trust, Inc. operates as a diversified, closed-end management investment company. Its investment objective to provide high current income which is exempt from regular Federal income taxes and California income taxes consistent with the preservation of capital. The company was founded on May 28, 1993 and is headquartered in Wilmington, DE.

BlackRock MuniHoldings Insured Fund II, Inc. is a diversified, closed-end management investment company. The fund invests primarily in a portfolio of long-term, investment grade municipal obligations, the interest on which, in the opinion of bond counsel to the issuer, is exempt from federal income taxes. Its investment objective is to provide total return through a combination of current income and capital appreciation. The company is headquartered in Wilmington, DE

BlackRock MuniYield California Insured Fund, Inc. is a diversified, closed-end management investment company with no operating history. It's investment objective is to provide total return through a combination of current income and capital appreciation. The company is headquartered in Wilmington, DE.

BlackRock Equity Dividend Trust is a non-diversified and closed-end management investment company. The fund's primary investment objective is to provide total return through a combination of current income and capital appreciation by investing in common stocks that pay dividends and have the potential for capital appreciation. The fund may invest up to 20% of its total assets in common stocks of issuers that do not pay dividends. As part of its investment strategy, the trust intends to employ a strategy of writing covered call and put options on individual common stocks, indices of securities, sectors of securities and baskets of securities. The company was founded on December 23, 2003 and is headquartered in Wilmington, DE.

BlackRock MuniHoldings New Jersey Insured Fund, Inc. is a Closed-End Investment Fund/Investment Trust. It provides shareholders with current income exempt from federal income taxes by investing in a portfolio of long-term and investment grade municipal obligations. The company was founded in 1998 and is headquartered in Wilmington, DE.

BlackRock MuniHoldings New York Insured Fund, Inc. operates as a Closed-End Investment Fund/Investment Trust. The fund seeks to provide shareholders with current income exempt from federal income taxes and New York State and New York City personal income taxes by investing primarily in a portfolio of long-term, investment grade municipal obligations, the interest on which, in the opinion of bond counsel to the issuer, is exempt from federal income taxes and New York State and New York City personal income taxes. It is headquartered in Wilmington, DE.

BlackRock Apex Municipal Fund, Inc. is a non-diversified, closed-end management investment company. The Fund seeks to provide high current income exempt from federal income taxes by investing primarily in a portfolio of medium to lower-grade or unrated municipal obligations, the interest on which is exempt from federal income taxes. The fund is headquartered in Wilmington, DE.

BlackRock Insured Municipal Income Trust is a diversified, closed-end management investment company with no operating history. The fund seeks to provide high current income exempt from regular federal income taxes. The Trust will invest at least 80% of its managed assets in municipal obligations that are insured as to the timely payment of both principal and interest. The company was founded on August 19, 2002 and is headquartered in Wilmington, DE

BlackRock Investment Quality Municipal Income Trust operates as a non diversified, closed-end management investment company. It invests in various portfolios of municipal securities. The trust's investment portfolio includes investments in hospital, industrial and pollution control, housing, transportation, tobacco, tax revenue, education, lease revenue, power, and water and sewer sectors. BlackRock Advisors, Inc. serves as the investment advisor of the trust. The company was founded on May 28, 1993 and is headquartered in Wilmington, DE

BlackRock MuniHoldings California Insured Fund, Inc. is a diversified, closed-end management investment company with no operating history. Its investment objective is to provide total return through a combination of current income and capital appreciation. The company is headquartered in Wilmington, DE

BlackRock MuniYield Pennsylvania Insured Fund, Inc. is a non-diversified, closed-end management investment company. The Fund seeks to provide shareholders with a level of current income exempt from federal and Pennsylvania income taxes as is consistent with its investment policies and prudent investment management by investing in a portfolio of long-term municipal obligations the interest on which, in the opinion of bond counsel to the issuers, is exempt from federal and Pennsylvania income taxes. The company is headquartered in Wilmington, DE.

BlackRock Strategic Equity Dividend Trust is a non-diversified and closed-end management investment company. Its primary investment objective is to provide current income and current gains, with a secondary investment objective of long-term capital appreciation. Under normal market conditions, the Trust will invest at least 80% of its total assets in common stocks of issuers that pay dividends. From time to time, the Trust may invest up to 20% of its total assets in common stocks of issuers that do not pay dividends. As part of its investment strategy, the Trust intends to employ a strategy of writing covered call and put options on individual common stocks, indices of securities, sectors of securities and baskets of securities. The company was founded on March 25, 2004 and is headquartered in Wilmington, DE

BlackRock New York Insured Municipal Income Trust operates as closed-End Investment Fund/Investment Trust. The company is headquartered in Wilmington, DE.

BlackRock MuniYield New York Insured Fund, Inc. is a diversified, closed-end management investment company with no operating history. Its investment objective is to provide total return through a combination of current income and capital appreciation. The company is headquartered in Wilmington, DE

BlackRock MuniHoldings Insured Fund, Inc. is a non-diversified, closed-end management investment company. The Fund seeks to provide current income exempt from federal income taxes by investing primarily in a portfolio of long-term, investment-grade municipal obligations, the interest on which is exempt from federal income taxes. The company is headquartered in Wilmington, DE.

BlackRock Strategic Dividend Achievers Trust is a diversified, closed-end management investment company with no operating history. Its investment objective is to provide total return through a combination of current income and capital appreciation. The company was founded on January 22, 2004 and is headquartered in Wilmington, DE

BlackRock Insured Municipal Term Trust, Inc. is a closed-end investment fund/investment trust. It seeks to provide monthly income that is exempt from regular federal income tax to the investors. The company was founded on December 23, 1991 and is headquartered in Wilmington, DE.

BlackRock Dividend Achievers Trust is a diversified, closed-end management investment company with no operating history. It's investment objective is to provide total return through a combination of current income and capital appreciation. The company was founded on September 29, 2003 and is headquartered in Wilmington, DE.

BlackRock Insured Municipal Term Trust, Inc. is a closed-end investment fund/investment trust. It seeks to provide monthly income that is exempt from regular federal income tax to the investors. The company was founded on December 23, 1991 and is headquartered in Wilmington, DE.

BlackRock MuniYield California Insured Fund, Inc. is a diversified, closed-end management investment company with no operating history. It's investment objective is to provide total return through a combination of current income and capital appreciation. The company is headquartered in Wilmington, DE.

BlackRock MuniYield New York Insured Fund, Inc. is a diversified, closed-end management investment company with no operating history. Its investment objective is to provide total return through a combination of current income and capital appreciation. The company is headquartered in Wilmington, DE

BlackRock New York Insured Municipal Income Trust operates as closed-End Investment Fund/Investment Trust. The company is headquartered in Wilmington, DE.

BlackRock Insured Municipal Income Trust is a diversified, closed-end management investment company with no operating history. The fund seeks to provide high current income exempt from regular federal income taxes. The Trust will invest at least 80% of its managed assets in municipal obligations that are insured as to the timely payment of both principal and interest. The company was founded on August 19, 2002 and is headquartered in Wilmington, DE

BlackRock MuniHoldings Insured Fund II, Inc. is a diversified, closed-end management investment company. The fund invests primarily in a portfolio of long-term, investment grade municipal obligations, the interest on which, in the opinion of bond counsel to the issuer, is exempt from federal income taxes. Its investment objective is to provide total return through a combination of current income and capital appreciation. The company is headquartered in Wilmington, DE

BlackRock MuniYield Pennsylvania Insured Fund, Inc. is a non-diversified, closed-end management investment company. The Fund seeks to provide shareholders with a level of current income exempt from federal and Pennsylvania income taxes as is consistent with its investment policies and prudent investment management by investing in a portfolio of long-term municipal obligations the interest on which, in the opinion of bond counsel to the issuers, is exempt from federal and Pennsylvania income taxes. The company is headquartered in Wilmington, DE.

BlackRock MuniHoldings New Jersey Insured Fund, Inc. is a Closed-End Investment Fund/Investment Trust. It provides shareholders with current income exempt from federal income taxes by investing in a portfolio of long-term and investment grade municipal obligations. The company was founded in 1998 and is headquartered in Wilmington, DE.

BlackRock MuniHoldings New York Insured Fund, Inc. operates as a Closed-End Investment Fund/Investment Trust. The fund seeks to provide shareholders with current income exempt from federal income taxes and New York State and New York City personal income taxes by investing primarily in a portfolio of long-term, investment grade municipal obligations, the interest on which, in the opinion of bond counsel to the issuer, is exempt from federal income taxes and New York State and New York City personal income taxes. It is headquartered in Wilmington, DE.

BlackRock Apex Municipal Fund, Inc. is a non-diversified, closed-end management investment company. The Fund seeks to provide high current income exempt from federal income taxes by investing primarily in a portfolio of medium to lower-grade or unrated municipal obligations, the interest on which is exempt from federal income taxes. The fund is headquartered in Wilmington, DE.

BlackRock California Investment Quality Municipal Trust, Inc. operates as a diversified, closed-end management investment company. Its investment objective to provide high current income which is exempt from regular Federal income taxes and California income taxes consistent with the preservation of capital. The company was founded on May 28, 1993 and is headquartered in Wilmington, DE.

BlackRock MuniHoldings California Insured Fund, Inc. is a diversified, closed-end management investment company with no operating history. Its investment objective is to provide total return through a combination of current income and capital appreciation. The company is headquartered in Wilmington, DE

BlackRock Dividend Achievers Trust is a diversified, closed-end management investment company with no operating history. It's investment objective is to provide total return through a combination of current income and capital appreciation. The company was founded on September 29, 2003 and is headquartered in Wilmington, DE.

BlackRock MuniYield Michigan Insured Fund, Inc. is a diversified, closed-end management investment company with no operating history. Its investment objective is to provide total return through a combination of current income and capital appreciation. The company is headquartered in Wilmington, DE

BlackRock MuniHoldings Insured Investment Fund is a diversified, closed-end management investment company with no operating history. Its investment objective is to provide total return through a combination of current income and capital appreciation. The Fund seeks to provide shareholders with current income exempt from federal income tax. The Trust also seeks to offer shareholders the opportunity to own shares, the value of which is exempt from Florida intangible personal property tax. The Trust invests at least 80% of its assets in municipal bonds either insured under an insurance policy purchased by the Trust or insured under an insurance policy obtained by the issuer of the municipal bond or any other party. The company is headquartered in Wilmington, DE

BlackRock Strategic Dividend Achievers Trust is a diversified, closed-end management investment company with no operating history. Its investment objective is to provide total return through a combination of current income and capital appreciation. The company was founded on January 22, 2004 and is headquartered in Wilmington, DE

BlackRock MuniHoldings Insured Fund, Inc. is a non-diversified, closed-end management investment company. The Fund seeks to provide current income exempt from federal income taxes by investing primarily in a portfolio of long-term, investment-grade municipal obligations, the interest on which is exempt from federal income taxes. The company is headquartered in Wilmington, DE.

BlackRock Enhanced Dividend Achievers Trust is a diversified, closed-end management investment company with no operating history. Its investment objective is to provide total return through a combination of current income and capital appreciation. The company was founded on July 1, 2005 and is headquartered in Wilmington, DE

BlackRock MuniYield Michigan Insured Fund II, Inc. operates as a Closed-End Investment Fund/Investment Trust. It . seeks to provide shareholders with as high a level of current income exempt from federal income tax and Michigan income taxes as is consistent with its investment policies and prudent investment management by investing primarily in a portfolio of long-term municipal obligations the interest on which, in the opinion of bond counsel to the issuer, is exempt from federal income tax and Michigan income taxes. The fund was founded on February 28, 1992 and is headquartered in Wilmington, DE.

BlackRock MuniHoldings Insured Fund, Inc. is a non-diversified, closed-end management investment company. The Fund seeks to provide current income exempt from federal income taxes by investing primarily in a portfolio of long-term, investment-grade municipal obligations, the interest on which is exempt from federal income taxes. The company is headquartered in Wilmington, DE.

BlackRock New York Insured Municipal Income Trust operates as closed-End Investment Fund/Investment Trust. The company is headquartered in Wilmington, DE.

BlackRock Insured Municipal Income Trust is a diversified, closed-end management investment company with no operating history. The fund seeks to provide high current income exempt from regular federal income taxes. The Trust will invest at least 80% of its managed assets in municipal obligations that are insured as to the timely payment of both principal and interest. The company was founded on August 19, 2002 and is headquartered in Wilmington, DE

BlackRock MuniYield California Insured Fund, Inc. is a diversified, closed-end management investment company with no operating history. It's investment objective is to provide total return through a combination of current income and capital appreciation. The company is headquartered in Wilmington, DE.

BlackRock MuniHoldings Insured Fund II, Inc. is a diversified, closed-end management investment company. The fund invests primarily in a portfolio of long-term, investment grade municipal obligations, the interest on which, in the opinion of bond counsel to the issuer, is exempt from federal income taxes. Its investment objective is to provide total return through a combination of current income and capital appreciation. The company is headquartered in Wilmington, DE

BlackRock Senior Floating Rate Fund II, Inc. is a non-diversified, closed-end management investment company. The trust is headquartered in Willmington, DE.

BlackRock MuniYield Insured Fund, Inc. is a non-diversified, closed-end management investment company. It seeks to provide shareholders with a high a level of current income exempt from federal income taxes consistent with its investment policies and prudent investment management by investing primarily in a portfolio of long-term, investment grade municipal obligations, the interest on which, in the opinion of bond counsel to the issuer, is exempt from federal income taxes. The trust is headquartered in Plainsboro, NJ.

BlackRock Apex Municipal Fund, Inc. is a non-diversified, closed-end management investment company. The Fund seeks to provide high current income exempt from federal income taxes by investing primarily in a portfolio of medium to lower-grade or unrated municipal obligations, the interest on which is exempt from federal income taxes. The fund is headquartered in Wilmington, DE.

BlackRock MuniYield Michigan Insured Fund, Inc. is a diversified, closed-end management investment company with no operating history. Its investment objective is to provide total return through a combination of current income and capital appreciation. The company is headquartered in Wilmington, DE

BlackRock California Investment Quality Municipal Trust, Inc. operates as a diversified, closed-end management investment company. Its investment objective to provide high current income which is exempt from regular Federal income taxes and California income taxes consistent with the preservation of capital. The company was founded on May 28, 1993 and is headquartered in Wilmington, DE.

BlackRock MuniYield Michigan Insured Fund II, Inc. operates as a Closed-End Investment Fund/Investment Trust. It . seeks to provide shareholders with as high a level of current income exempt from federal income tax and Michigan income taxes as is consistent with its investment policies and prudent investment management by investing primarily in a portfolio of long-term municipal obligations the interest on which, in the opinion of bond counsel to the issuer, is exempt from federal income tax and Michigan income taxes. The fund was founded on February 28, 1992 and is headquartered in Wilmington, DE.

BlackRock Investment Quality Municipal Income Trust operates as a non diversified, closed-end management investment company. It invests in various portfolios of municipal securities. The trust's investment portfolio includes investments in hospital, industrial and pollution control, housing, transportation, tobacco, tax revenue, education, lease revenue, power, and water and sewer sectors. BlackRock Advisors, Inc. serves as the investment advisor of the trust. The company was founded on May 28, 1993 and is headquartered in Wilmington, DE

BlackRock MuniHoldings California Insured Fund, Inc. is a diversified, closed-end management investment company with no operating history. Its investment objective is to provide total return through a combination of current income and capital appreciation. The company is headquartered in Wilmington, DE

BlackRock Dividend Achievers Trust is a diversified, closed-end management investment company with no operating history. It's investment objective is to provide total return through a combination of current income and capital appreciation. The company was founded on September 29, 2003 and is headquartered in Wilmington, DE.

BlackRock MuniYield Pennsylvania Insured Fund, Inc. is a non-diversified, closed-end management investment company. The Fund seeks to provide shareholders with a level of current income exempt from federal and Pennsylvania income taxes as is consistent with its investment policies and prudent investment management by investing in a portfolio of long-term municipal obligations the interest on which, in the opinion of bond counsel to the issuers, is exempt from federal and Pennsylvania income taxes. The company is headquartered in Wilmington, DE.

BlackRock Strategic Equity Dividend Trust is a non-diversified and closed-end management investment company. Its primary investment objective is to provide current income and current gains, with a secondary investment objective of long-term capital appreciation. Under normal market conditions, the Trust will invest at least 80% of its total assets in common stocks of issuers that pay dividends. From time to time, the Trust may invest up to 20% of its total assets in common stocks of issuers that do not pay dividends. As part of its investment strategy, the Trust intends to employ a strategy of writing covered call and put options on individual common stocks, indices of securities, sectors of securities and baskets of securities. The company was founded on March 25, 2004 and is headquartered in Wilmington, DE

BlackRock MuniHoldings New Jersey Insured Fund, Inc. is a Closed-End Investment Fund/Investment Trust. It provides shareholders with current income exempt from federal income taxes by investing in a portfolio of long-term and investment grade municipal obligations. The company was founded in 1998 and is headquartered in Wilmington, DE.

BlackRock MuniHoldings Insured Investment Fund is a diversified, closed-end management investment company with no operating history. Its investment objective is to provide total return through a combination of current income and capital appreciation. The Fund seeks to provide shareholders with current income exempt from federal income tax. The Trust also seeks to offer shareholders the opportunity to own shares, the value of which is exempt from Florida intangible personal property tax. The Trust invests at least 80% of its assets in municipal bonds either insured under an insurance policy purchased by the Trust or insured under an insurance policy obtained by the issuer of the municipal bond or any other party. The company is headquartered in Wilmington, DE

BlackRock MuniHoldings New York Insured Fund, Inc. operates as a Closed-End Investment Fund/Investment Trust. The fund seeks to provide shareholders with current income exempt from federal income taxes and New York State and New York City personal income taxes by investing primarily in a portfolio of long-term, investment grade municipal obligations, the interest on which, in the opinion of bond counsel to the issuer, is exempt from federal income taxes and New York State and New York City personal income taxes. It is headquartered in Wilmington, DE.

BlackRock MuniYield New York Insured Fund, Inc. is a diversified, closed-end management investment company with no operating history. Its investment objective is to provide total return through a combination of current income and capital appreciation. The company is headquartered in Wilmington, DE

BlackRock Strategic Dividend Achievers Trust is a diversified, closed-end management investment company with no operating history. Its investment objective is to provide total return through a combination of current income and capital appreciation. The company was founded on January 22, 2004 and is headquartered in Wilmington, DE

BlackRock Enhanced Dividend Achievers Trust is a diversified, closed-end management investment company with no operating history. Its investment objective is to provide total return through a combination of current income and capital appreciation. The company was founded on July 1, 2005 and is headquartered in Wilmington, DE

BlackRock Insured Municipal Term Trust, Inc. is a closed-end investment fund/investment trust. It seeks to provide monthly income that is exempt from regular federal income tax to the investors. The company was founded on December 23, 1991 and is headquartered in Wilmington, DE.

BlackRock Equity Dividend Trust is a non-diversified and closed-end management investment company. The fund's primary investment objective is to provide total return through a combination of current income and capital appreciation by investing in common stocks that pay dividends and have the potential for capital appreciation. The fund may invest up to 20% of its total assets in common stocks of issuers that do not pay dividends. As part of its investment strategy, the trust intends to employ a strategy of writing covered call and put options on individual common stocks, indices of securities, sectors of securities and baskets of securities. The company was founded on December 23, 2003 and is headquartered in Wilmington, DE.

BlackRock New York Insured Municipal Income Trust operates as closed-End Investment Fund/Investment Trust. The company is headquartered in Wilmington, DE.

BlackRock MuniHoldings Insured Fund, Inc. is a non-diversified, closed-end management investment company. The Fund seeks to provide current income exempt from federal income taxes by investing primarily in a portfolio of long-term, investment-grade municipal obligations, the interest on which is exempt from federal income taxes. The company is headquartered in Wilmington, DE.

BlackRock MuniYield Pennsylvania Insured Fund, Inc. is a non-diversified, closed-end management investment company. The Fund seeks to provide shareholders with a level of current income exempt from federal and Pennsylvania income taxes as is consistent with its investment policies and prudent investment management by investing in a portfolio of long-term municipal obligations the interest on which, in the opinion of bond counsel to the issuers, is exempt from federal and Pennsylvania income taxes. The company is headquartered in Wilmington, DE.

BlackRock MuniYield Michigan Insured Fund II, Inc. operates as a Closed-End Investment Fund/Investment Trust. It . seeks to provide shareholders with as high a level of current income exempt from federal income tax and Michigan income taxes as is consistent with its investment policies and prudent investment management by investing primarily in a portfolio of long-term municipal obligations the interest on which, in the opinion of bond counsel to the issuer, is exempt from federal income tax and Michigan income taxes. The fund was founded on February 28, 1992 and is headquartered in Wilmington, DE.

BlackRock MuniHoldings Insured Fund II, Inc. is a diversified, closed-end management investment company. The fund invests primarily in a portfolio of long-term, investment grade municipal obligations, the interest on which, in the opinion of bond counsel to the issuer, is exempt from federal income taxes. Its investment objective is to provide total return through a combination of current income and capital appreciation. The company is headquartered in Wilmington, DE

BlackRock MuniHoldings New Jersey Insured Fund, Inc. is a Closed-End Investment Fund/Investment Trust. It provides shareholders with current income exempt from federal income taxes by investing in a portfolio of long-term and investment grade municipal obligations. The company was founded in 1998 and is headquartered in Wilmington, DE.

BlackRock Insured Municipal Term Trust, Inc. is a closed-end investment fund/investment trust. It seeks to provide monthly income that is exempt from regular federal income tax to the investors. The company was founded on December 23, 1991 and is headquartered in Wilmington, DE.

BlackRock MuniYield Insured Fund, Inc. is a non-diversified, closed-end management investment company. It seeks to provide shareholders with a high a level of current income exempt from federal income taxes consistent with its investment policies and prudent investment management by investing primarily in a portfolio of long-term, investment grade municipal obligations, the interest on which, in the opinion of bond counsel to the issuer, is exempt from federal income taxes. The trust is headquartered in Plainsboro, NJ.

BlackRock MuniHoldings New York Insured Fund, Inc. operates as a Closed-End Investment Fund/Investment Trust. The fund seeks to provide shareholders with current income exempt from federal income taxes and New York State and New York City personal income taxes by investing primarily in a portfolio of long-term, investment grade municipal obligations, the interest on which, in the opinion of bond counsel to the issuer, is exempt from federal income taxes and New York State and New York City personal income taxes. It is headquartered in Wilmington, DE.

BlackRock Insured Municipal Income Trust is a diversified, closed-end management investment company with no operating history. The fund seeks to provide high current income exempt from regular federal income taxes. The Trust will invest at least 80% of its managed assets in municipal obligations that are insured as to the timely payment of both principal and interest. The company was founded on August 19, 2002 and is headquartered in Wilmington, DE

BlackRock MuniYield Michigan Insured Fund, Inc. is a diversified, closed-end management investment company with no operating history. Its investment objective is to provide total return through a combination of current income and capital appreciation. The company is headquartered in Wilmington, DE

BlackRock MuniHoldings California Insured Fund, Inc. is a diversified, closed-end management investment company with no operating history. Its investment objective is to provide total return through a combination of current income and capital appreciation. The company is headquartered in Wilmington, DE

BlackRock California Investment Quality Municipal Trust, Inc. operates as a diversified, closed-end management investment company. Its investment objective to provide high current income which is exempt from regular Federal income taxes and California income taxes consistent with the preservation of capital. The company was founded on May 28, 1993 and is headquartered in Wilmington, DE.