UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number 811-22006

Name of Fund: BlackRock Global Equity Income Trust

Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809

Name and address of agent for service: Robert S. Kapito, President, BlackRock Global Equity Income Trust, 40 East 52 nd Street, New York, NY 10022.

Registrant’s telephone number, including area code: (888) 825-2257

Date of fiscal year end: 10/31/2007

Date of reporting period: 05/01/2007 – 07/31/2007

Item 1 – Schedule of Investments

PORTFOLIO OF INVESTMENTS (unaudited)
JULY 31, 2007
BlackRock Global Equity Income Trust (BFD)
(Percentages shown are based on Net Assets)

Shares   Description   Value
      LONG-TERM INVESTMENTS—93.9%      
      Common Stocks—93.9%      
      Australia—2.8%      
27,912     Australia & New Zealand Banking Group Ltd.   $ 669,192
441,946  1   Brambles Ltd.     4,137,507
46,003     Commonwealth Bank of Australia     2,110,282
496,501     Insurance Australia Group Ltd.     2,389,449
397,219     Lion Nathan Ltd.     2,847,771
28,834     National Australia Bank Ltd.     938,080
12,265     QBE Insurance Group Ltd.     309,727
14,759     Rio Tinto Ltd.     1,150,477
1,326,128     Telstra Corp. Ltd.     5,175,189
175,452     Transurban Group     1,064,014
53,479     Wesfarmers Ltd.     1,766,159
22,853     Westfield Group     367,758
27,955     Westpac Banking Corp.     618,183
18,733     Woolworths Ltd.     431,769
      Total Australia     23,975,557
      Belgium—0.1%      
16,504     Fortis     650,473
2,586     KBC Groep N.V.     336,428
      Total Belgium     986,901
      Bermuda—0.1%      
12,400     Accenture Ltd., Class A     522,412
1,675   1   Covidien Ltd.     68,591
      Total Bermuda     591,003
      Canada—4.1%      
5,100     Alcan, Inc.     495,323
97,700     ARC Energy Trust     1,957,114
6,800     Bank of Montreal     424,458
13,700     Bank of Nova Scotia     635,044
4,300     Canadian Imperial Bank of Commerce     372,844
70,800     Enerplus Resources Fund     3,092,688
210,100     Fording Canadian Coal Trust     6,859,564
78,800     Manulife Financial Corp.     2,873,378
127,800     Penn West Energy Trust     3,977,278
78,100     Precision Drilling Trust     1,560,829
66,200     Provident Energy Trust     773,823
35,400     Royal Bank of Canada     1,794,888
7,800     Sun Life Financial, Inc.     368,431
148,000     TransAlta Corp.     4,214,698
459,500     Yellow Pages Income Fund     5,780,362
      Total Canada     35,180,722
      Denmark—0.5%      
7,400     Danske Bank A/S     311,656
46,482     TrygVesta AS     3,711,754
      Total Denmark     4,023,410
      Finland—1.0%      
77,600     Nokia Oyj     2,216,773
62,283     Uponor Oyj     2,270,894
57,600     Wartsila Oyj, B Shares     4,014,325
      Total Finland     8,501,992
      France—3.2%      
2,717     Accor S.A.     231,412
10,972     Air Liquide     1,419,114
58,122     AXA S.A.     2,268,205
10,958     BNP Paribas     1,204,563
19,321     Carrefour S.A.     1,370,163
38,599     Sanofi-Aventis     3,233,154
9,237     Schneider Electric S.A.     1,232,514
25,735     Societe Generale     4,423,321
76,006     Suez S.A.     3,996,633
43,022     Total S.A.     3,388,062
27,224     Vinci S.A.     1,950,136
60,709     Vivendi     2,578,709
      Total France     27,295,986
      Germany—4.1%      
61,646     Bayer AG     4,363,741
61,823     DaimlerChrysler AG     5,599,497
3,582     Deutsche Bank AG     485,190
15,780     Deutsche Post AG     462,372
247,369     Deutsche Telekom AG     4,267,761
60,355     E.ON AG     9,497,317
7,855     Metro AG     609,866
16,200     MLP AG     286,107
28,771     Siemens AG     3,641,425
218,746  1   TUI AG     6,180,117
      Total Germany     35,393,393
      Greece—0.4%      
42,179     Motor Oil Hellas Corinth Refineries S.A.     1,048,634
9,472     National Bank of Greece S.A.     553,945
61,517     OPAP S.A.     2,109,026
      Total Greece     3,711,605
      Hong Kong—1.3%      
218,500     ASM Pacific Technology     2,002,274
1,056,500     BOC Hong Kong Holdings Ltd.     2,709,297
23,000     Cheung Kong Holdings Ltd.     322,743
308,100     Hang Seng Bank Ltd.     4,855,154
203,000     HongKong Electric Holdings     1,006,988
33,000     Hutchison Whampoa Ltd.     350,795
      Total Hong Kong     11,247,251
      Ireland—0.1%      
13,671     Allied Irish Banks Plc     354,919
15,194     Bank of Ireland     283,769
      Total Ireland     638,688
      Italy—2.5%      
176,859     Arnoldo Mondadori Editore S.p.A.     1,648,556
766,425     Enel S.p.A.     7,911,828
54,510     Eni S.p.A.     1,907,669
217,822     Mediaset S.p.A.     2,267,408
2,402,740     Telecom Italia S.p.A.     5,790,200
226,741     UniCredito Italiano S.p.A.     1,923,445
      Total Italy     21,449,106
      Japan—9.0%      
32,250     Acom Co. Ltd.     1,151,720
99,000     Amada Co. Ltd.     1,155,799
27,700     Astellas Pharma, Inc.     1,138,002
27,400     Canon, Inc.     1,448,208
25     Central Japan Railway Co.     258,517
7,900     Chubu Electric Power Co., Inc.     198,143
41,700     Daiichi Sankyo Co. Ltd.     1,152,210
447,000     Daiwa Securities Group, Inc.     4,742,232
3,425     eAccess Ltd.     1,860,205
257,000     Ebara Corp.     1,227,689
26,300     Eisai Co. Ltd.     1,109,523
7,900     FUJIFILM Holdings Corp.     345,850
45,500     Honda Motor Co. Ltd.     1,652,081
29     Japan Real Estate Investment Corp. (REIT)     329,779
134     Japan Tobacco, Inc.     681,004
56,500     JFE Holdings, Inc.     3,874,773
97,100     Kansai Electric Power Co., Inc. (The)     2,154,681
53,000     Kao Corp.     1,461,706
457,000     Kobe Steel Ltd.     1,773,722
35,900     Konami Corp.     814,303
66,800     Marui Co. Ltd.     754,146
9,100     Millea Holdings, Inc.     361,990
215,500     Mitsubishi Chemical Holdings Corp.     1,958,851
30,200     Mitsubishi Corp.     891,834
8,000     Mitsubishi Estate Co. Ltd.     203,519

1

BlackRock Global Equity Income Trust (BFD) (continued)
( Percentages shown are based on Net Assets)

Shares   Description   Value
      Japan— (cont'd)      
242     Mitsubishi UFJ Financial Group, Inc.   $ 2,582,593
19,000     Mitsui & Co. Ltd.     446,510
22,000     Mitsui Fudosan Co. Ltd.     574,411
195     Mizuho Financial Group, Inc.     1,373,407
113     Nippon Building Fund, Inc. (REIT)     1,495,087
399,500     Nippon Mining Holdings, Inc.     4,016,171
233,000     Nippon Steel Corp.     1,752,560
272     Nippon Telegraph & Telephone Corp.     1,182,972
290,400     Nissan Motor Co. Ltd.     3,138,805
211,600     Nomura Holdings, Inc.     4,016,447
847     NTT DoCoMo, Inc.     1,176,083
150,000     Obayashi Corp.     794,455
22,100     Oracle Corp.     982,032
73,000     OSG Corp.     1,026,198
128     Resona Holdings, Inc.     275,499
10,200     Seven & I Holdings Co. Ltd.     286,444
8,700     Shin-Etsu Chemical Co. Ltd.     642,403
10,400     Softbank Corp.     218,705
28,100     Sony Corp.     1,500,279
408,000     Sumitomo Metal Industries Ltd.     2,349,492
185     Sumitomo Mitsui Financial Group, Inc.     1,671,890
11,000     Sumitomo Realty & Development Co. Ltd.     326,837
87,400     Sumitomo Rubber Industries, Inc.     1,043,816
6,050     T&D Holdings, Inc.     395,653
88,890     Takefuji Corp.     2,767,330
15,000     Tokyo Electric Power Co., Inc. (The)     400,437
211,000     TonenGeneral Sekiyu KK     2,057,424
70,300     Toyota Motor Corp.     4,273,724
60,500     Trend Micro, Inc.     1,858,638
      Total Japan     77,326,789
      Netherlands—2.9%      
37,352     ABN AMRO Holding N.V.     1,842,924
116,988     Aegon N.V.     2,118,253
3,617     Akzo Nobel N.V.     297,889
118,112     Arcelor Mittal     7,243,123
27,116     ING Groep N.V.     1,144,690
19,573     OCE N.V.     452,948
239,915     Royal KPN N.V.     3,711,996
255,289     Unilever N.V.     7,715,676
      Total Netherlands     24,527,499
      New Zealand—0.2%      
425,180     Sky City Entertainment Group Ltd.     1,573,795
      Norway—0.6%      
32,858     Norsk Hydro ASA     1,264,706
57,600     Stolt-Nielsen S.A.     1,976,209
95,600     Storebrand ASA     1,431,011
      Total Norway     4,671,926
      Portugal—0.1%      
77,310     Energias de Portugal S.A.     438,011
      Singapore—0.6%      
456,000     ComfortDelgro Corp. Ltd.     613,036
43,000     DBS Group Holdings Ltd.     643,148
534,000     Parkway Holdings Ltd.     1,347,737
796,000     Singapore Press Holdings Ltd.     2,341,491
241,000     Singapore Telecommunications Ltd.     547,759
      Total Singapore     5,493,171
      South Africa—0.0%      
12,518  1   Mondi Ltd.     106,746
      Spain—1.1%      
160,257     Banco Bilbao Vizcaya Argentaria S.A.     3,923,174
57,641     Banco Popular Espanol S.A.     1,031,560
100,273     Banco Santander Central Hispano S.A.     1,909,675
123,398     Telefonica S.A.     2,887,940
      Total Spain     9,752,349
      Sweden—1.4%      
7,900     Hennes & Mauritz AB     453,952
32,500     Nordea Bank AB     523,652
108,000     OMX AB     3,293,493
7,800     Skandinaviska Enskilda Banken AB     266,607
197,000     Skanska AB, B Shares     4,207,984
394,500     TeliaSonera AB     2,982,618
25,500     Volvo AB, B Shares     468,783
      Total Sweden     12,197,089
      Switzerland—2.4%      
54,266     ABB Ltd.     1,305,029
31,815     Ciba Specialty Chemicals AG     1,933,973
61,428     Compagnie Financiere Richemont S.A.     3,849,908
41,099     Credit Suisse Group     2,680,967
1,323     Nestle S.A.     508,267
15,478     Novartis AG     834,879
16,274     Roche Holding AG     2,882,228
953     SGS S.A.     1,149,367
25,439     Swiss Reinsurance     2,182,729
1,861     Syngenta AG     351,116
43,000     UBS AG     2,380,536
      Total Switzerland     20,058,999
      United Kingdom—11.4%      
113,915     Anglo American Plc     6,613,764
21,160  1   AstraZeneca Plc     1,093,612
34,309     Aviva Plc     476,791
43,532     BAE Systems Plc     369,046
104,292     Barclays Plc     1,464,895
33,033     BHP Billiton Plc     969,208
1,056,453     BP Plc     12,238,463
158,955     British American Tobacco Plc     5,136,783
273,174     BT Group Plc     1,731,315
79,344     Carnival Plc     3,461,142
37,879     Diageo Plc     773,722
1,140,630     Electrocomponents Plc     5,762,016
367,450     Friends Provident Plc     1,380,091
424,822  1   GlaxoSmithKline Plc     10,751,512
51,260     HBOS Plc     998,178
577,565     HSBC Holdings Plc     10,702,395
9,324     Imperial Tobacco Group Plc     408,724
272,582  1   Intl. Personal Finance Plc     1,218,021
811,204     Lloyds TSB Group Plc     9,124,921
31,295  1   Mondi Plc     274,437
17,934     National Express Group Plc     413,592
36,607     National Grid Plc     518,976
136,291     Provident Financial Plc     2,472,512
32,682     Prudential Plc     449,451
77,499     Rank Group Plc     266,416
8,229     Reckitt Benckiser Plc     440,303
14,206     Rio Tinto Plc     1,024,914
129,231     Royal Bank of Scotland Group Plc     1,538,606
62,599     Royal Dutch Shell Plc     2,437,867
80,556     Royal Dutch Shell Plc, Class B     3,185,424
106,648     Tesco Plc     875,970
59,026     Unilever Plc     1,840,953
336,882     United Utilities Plc     4,577,849
862,976     Vodafone Group Plc     2,594,255
      Total United Kingdom     97,586,124
      United States—44.0%      
  43,300  2   3M Co.     3,850,236
65,700     Abbott Laboratories     3,330,333
  12,100  1   Adobe Systems, Inc.     487,509
21,500     Aetna, Inc.     1,033,505
31,300     Alcoa, Inc.     1,195,660
7,300     Allstate Corp. (The)     387,995
82,700     Altria Group, Inc.     5,497,069
23,000     Amazon.com, Inc.     1,806,420
23,200     American Express Co.     1,358,128
80,200     American Intl. Group, Inc.     5,147,236
74,700     Amgen, Inc.     4,014,378

2

BlackRock Global Equity Income Trust (BFD) (continued)
( Percentages shown are based on Net Assets)

Shares   Description   Value
      United States— (cont'd)      
  63,900     Anadarko Petroleum Corp.   $ 3,216,087
  34,400     Analog Devices, Inc.     1,219,480
  41,000     Anheuser-Busch Cos., Inc.     1,999,570
  32,900     Apache Corp.     2,659,636
  40,600     Apple, Inc.     5,349,456
  28,100     Applied Materials, Inc.     619,324
160,600     AT&T, Inc.     6,289,096
    8,500     Baker Hughes, Inc.     671,925
104,500     Bank of America Corp.     4,955,390
  70,169     Bank of New York Mellon Corp. (The)     2,985,691
  36,200     BB&T Corp.     1,354,604
    5,900     Bear Stearns Cos., Inc. (The)     715,198
    8,600     Best Buy Co., Inc.     383,474
  34,500  1   Biogen Idec, Inc.     1,950,630
  16,900     Black & Decker Corp.     1,463,033
  16,000     Boeing Co.     1,654,880
  10,700     Boston Properties, Inc. (REIT)     1,011,043
  56,400     Bristol-Myers Squibb Co.     1,602,324
  36,500     Campbell Soup Co.     1,344,295
  32,700     Carnival Corp.     1,448,937
  35,800     Caterpillar, Inc.     2,821,040
  55,800     CBS Corp., Class B     1,769,976
    9,500  1   Celgene Corp.     575,320
  19,700     Centex Corp.     735,007
  73,700     Chevron Corp.     6,283,662
  20,100  1   Ciena Corp.     734,253
132,800  1   Cisco Systems, Inc.     3,839,248
    3,563     Citadel Broadcasting Corp.     17,886
176,700     Citigroup, Inc.     8,228,919
    1,365     CME Group, Inc.     754,162
  98,100     Coca-Cola Co. (The)     5,111,991
100,100  1   Comcast Corp., Class A     2,629,627
  27,500     ConocoPhillips     2,223,100
  55,100     Consolidated Edison, Inc.     2,406,768
  23,200     Cooper Industries Ltd., Class A     1,227,744
  32,700  1   Corning, Inc.     779,568
  18,100     Countrywide Financial Corp.     509,877
  76,700     CVS Caremark Corp.     2,699,073
  42,000     D.R. Horton, Inc.     685,440
  41,800  1   Dell, Inc.     1,169,146
  35,600     Devon Energy Corp.     2,656,116
    8,150  1   Discover Financial Services     187,858
    6,400     Dominion Resources, Inc.     539,008
  66,700     Dow Chemical Co. (The)     2,900,116
  38,300     Duke Realty Corp. (REIT)     1,252,027
  99,600  1   E*Trade Financial Corp.     1,844,592
  56,900     E.I. du Pont de Nemours & Co.     2,658,937
  57,600     Eastman Kodak Co.     1,454,400
  14,200     Eaton Corp.     1,379,956
  22,000  1   eBay, Inc.     712,800
  51,400     Eli Lilly & Co.     2,780,226
  20,000     Embarq Corp.     1,235,800
  52,000  1   EMC Corp.     962,520
  38,500     Emerson Electric Co.     1,812,195
  21,300     Exelon Corp.     1,494,195
  49,600  1   Express Scripts, Inc.     2,486,448
160,700     Exxon Mobil Corp.     13,680,391
  12,200     Fannie Mae     730,048
  80,200     Fidelity National Financial, Inc.     1,675,378
  29,000     First Horizon National Corp.     919,880
    8,300     Freddie Mac     475,341
  41,700     Freeport-McMoRan Copper & Gold, Inc.     3,918,966
    9,000  1   Genentech, Inc.     669,420
351,700     General Electric Co.     13,631,892
  55,700     General Motors Corp.     1,804,680
  15,800  1   Gilead Sciences, Inc.     588,234
  20,800     Goldman Sachs Group, Inc. (The)     3,917,472
  12,500  1   Google, Inc.     6,375,000
  26,500     Halliburton Co.     954,530
  11,600     Hartford Financial Services Group, Inc.     1,065,692
  33,500     Health Care Property Investors, Inc. (REIT)     912,540
  59,500     Hewlett-Packard Co.     2,738,785
  96,600     Home Depot, Inc.     3,590,622
  13,500     Honeywell Intl., Inc.     776,385
  55,200     Hospitality Properties Trust (REIT)     2,117,472
  99,571     HRPT Properties Trust (REIT)     930,989
  33,600     Idearc, Inc.     1,166,256
291,200     Intel Corp.     6,878,144
  46,100     Intl. Business Machines Corp.     5,100,965
  26,600     Intl. Paper Co.     986,062
  35,500     iStar Financial, Inc. (REIT)     1,289,715
    4,800     JCPenney Co., Inc.     326,592
143,000     Johnson & Johnson     8,651,500
103,700     JPMorgan Chase & Co.     4,563,837
  22,000     Kellogg Co.     1,139,820
  24,900     Kimberly-Clark Corp.     1,675,023
    6,400  1   Kohl's Corp.     389,120
  75,771  2   Kraft Foods, Inc.     2,481,500
  22,300     L-3 Communications Holdings, Inc.     2,175,588
  17,800  2   Lincoln National Corp.     1,073,696
  85,300     Linear Technology Corp.     3,040,945
  27,700     Lowe's Cos., Inc.     775,877
  40,300  2   Ltd. Brands, Inc., Class A     973,245
  23,300     Macy's, Inc.     840,431
  13,000     Marathon Oil Corp.     717,600
  86,000  2   Marsh & McLennan Cos., Inc.     2,369,300
  47,200  2   Masco Corp.     1,284,312
  42,100  2   Maxim Integrated Products, Inc.     1,334,570
  38,000  2   McDonald's Corp.     1,819,060
  73,400  2   Medtronic, Inc.     3,719,178
  88,100     Merck & Co., Inc.     4,374,165
  43,200  2   Microchip Technology, Inc.     1,568,592
212,000  3   Microsoft Corp.     6,145,880
  10,300     Monsanto Co.     663,835
  16,300     Morgan Stanley     1,041,081
  87,400  2   Motorola, Inc.     1,484,926
  61,700  2   National City Corp.     1,813,363
129,800  3   New York Community Bancorp, Inc.     2,106,654
  83,000     New York Times Co. (The)     1,897,380
  21,900  2   Newell Rubbermaid, Inc.     579,255
  11,100  2   Newmont Mining Corp.     463,425
  32,100  2   News Corp., Class A     677,952
  17,200     Omnicom Group, Inc.     892,164
104,400  1, 2   Oracle Corp.     1,996,128
383,700  3   Pfizer, Inc.     9,020,787
  22,400  2   Pitney Bowes, Inc.     1,032,640
  30,900  2   Plum Creek Timber Co., Inc. (REIT)     1,200,774
  95,400     Procter & Gamble Co.     5,901,444
  52,200  2   Qualcomm, Inc.     2,174,130
104,400  1   Qwest Communications Intl., Inc.     890,532
  11,700     Reynolds American, Inc.     715,689
  25,800  2   Rohm & Haas Co.     1,458,216
  14,800     RR Donnelley & Sons Co.     625,448
  79,000  2   Sara Lee Corp.     1,252,150
  46,900  2   Schering-Plough Corp.     1,338,526
  19,500  2   Schlumberger Ltd.     1,847,040
3,400  1   Sears Holdings Corp.     465,086
149,100  2   Sprint Nextel Corp.     3,061,023
  15,900  1, 2   Starbucks Corp.     424,212
  11,900  2   Starwood Hotels & Resorts Worldwide, Inc.     749,224
142,700  1, 2   Sun Microsystems, Inc.     727,770
  30,100  2   SUPERVALU, INC.     1,254,267
  97,100  1, 2   Symantec Corp.     1,864,320
  44,500  2   SYSCO Corp.     1,418,660
  15,400  2   Target Corp.     932,778
  18,700  2   Temple-Inland, Inc.     1,087,031
  28,900  2   Texas Instruments, Inc.     1,016,991
  45,800  2   Time Warner, Inc.     882,108

3

BlackRock Global Equity Income Trust (BFD) (continued)
( Percentages shown are based on Net Assets)

Shares   Description     Value
      United States— (cont'd)        
25,500  1   Transocean, Inc.   $ 2,739,975  
24,200  1, 2   TravelCenters of America LLC     883,784  
8,300  2   Travelers Cos., Inc. (The)     421,474  
1,675  1   Tyco Electronics Ltd.     59,999  
1,675     Tyco Intl. Ltd.     79,211  
120,100  2   U.S. Bancorp     3,596,995  
55,200  2   United Parcel Service, Inc., Class B     4,179,744  
42,300  2   UnitedHealth Group, Inc.     2,048,589  
29,100  2   UST, Inc.     1,558,305  
13,900  2   Valero Energy Corp.     931,439  
179,500  2   Verizon Communications, Inc.     7,650,290  
71,600  2   Wachovia Corp.     3,380,236  
58,100  2   Wal-Mart Stores, Inc.     2,669,695  
19,000     Walgreen Co.     839,420  
46,400     Walt Disney Co. (The)     1,531,200  
99,000     Washington Mutual, Inc.     3,715,470  
35,000     Waste Management, Inc.     1,331,050  
73,600     Wells Fargo & Co.     2,485,472  
29,400     Weyerhauser Co.     2,094,456  
46,200     Wyeth     2,241,624  
134,700     Xcel Energy, Inc.     2,734,410  
27,200  1   Yahoo!, Inc.     632,400  
34,000  1   Zimmer Holdings, Inc.     2,643,840  
      Total United States     376,302,320  
      Total Long-Term Investments
(cost $795,090,517) 		    803,030,432  
      MONEY MARKET FUND—2.6%        
22,377,744  4   Fidelity Institutional Money Market Prime Portfolio, 4.99% (cost $22,377,744)     22,377,744  
Contracts            
      OUTSTANDING CALL OPTIONS PURCHASED—0.0%        
75     S&P 500, strike price $1,525, expires 08/20/07     22,500  
75     S&P 500, strike price $1,560, expires 09/24/07     66,750  
      Total Outstanding Call Options Purchased
(cost $311,700) 		    89,250  
      Total Investments before outstanding options written (cost $817,779,961 5 )     825,497,426  
      OUTSTANDING CALL OPTIONS WRITTEN—0.0%        
(975 )   Dow Jones Euro Stoxx, strike price 4,500 EUR, expires 08/17/07     (173,414 )
(50 )   Dow Jones Stoxx, strike price 4,500 EUR, expires 09/21/07     —  
(300 )   FTSE 100 Index, strike price 6,675 GBP, expires 08/17/07     (42,654 )
(50 )   FTSE 100 Index, strike price 6,675 GBP, expires 09/21/07     —  
(200 )   Nikkei, strike price 18,500 JPY, expires 08/10/07     (2,296 )
(1,185 )   S&P 500, strike price $1,560, expires 08/20/07     (71,100 )
      Total Outstanding Call Options Written
(premium received $(4,521,298)) 		    (289,464 )
Total Investments net of outstanding options written—96.5%   $ 825,207,962  
Other assets in excess of liabilities—3.5%     30,266,166  
Net Assets—100.0%   $ 855,474,128  

 
1     Non-income producing security.
2   Security, or a portion thereof, pledged as collateral for outstanding options written.
3     Security, or a portion thereof, pledged as collateral with a value of $15,423,780 on 225 long Dow Jones Euro Stoxx futures contracts, 80 long FTSE 100 Index futures contracts, 125 long Nikkei futures contracts and 103 long S&P 500 futures contracts all expiring September 2007. The notional value of such contracts on July 31, 2007 was $70,333,558, with an unrealized loss of $1,986,338.
4     Represents current yield as of July 31, 2007.
5    

Cost for federal income tax purposes is $817,779,961. The net unrealized appreciation on a tax basis is $7,717,465, consisting of $40,215,709 gross unrealized appreciation and $32,498,244 gross unrealized depreciation.





 
KEY TO ABBREVIATIONS
EUR

— Euro

GBP — British Pound
JPY — Japanese Yen
REIT — Real Estate Investment Trust
 

4

Item 2 –  Controls and Procedures

2(a) –      The registrant’s principal executive and principal financial officers or persons performing similar functions have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”)) are effective as of a date within 90 days of the filing of this report based on the evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act and Rule 13a-15(b) under the Securities and Exchange Act of 1934, as amended.

2(b) –      There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d)) that occurred during the registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.

Item 3 –   Exhibits

Certifications – Attached hereto

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

BlackRock Global Equity Income Trust

By:     
/s/ Donald C. Burke
                  
  Donald C. Burke,  
  Treasurer of  
  BlackRock Global Equity Income Trust
     
Date: September 20, 2007  

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By:     
/s/ Robert S. Kapito
                  
  Robert S. Kapito  
  President (principal executive officer) of
  BlackRock Global Equity Income Trust
     
Date: September 20, 2007  
     
By:     
/s/ Donald C. Burke
                  
  Donald C. Burke,  
  Treasurer (principal financial officer) of
  BlackRock Global Equity Income Trust
     
Date: September 20, 2007  

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