BlackRock
Global Equity Income Trust
40
East 52nd Street
New
York, NY 10022
March
30, 2007
Securities
and Exchange Commission
100
F Street, N.E.
Washington,
DC 20549
Ladies
and Gentlemen:
Pursuant
to Section 17(g) of the Investment Company Act of 1940, as amended,
and
Rule
17g-1 thereunder, I hereby enclose for filing an amendment to the
joint
fidelity
bond (the "Bond") of the BlackRock closed-end funds. This amendment
is
being
filed for the purpose of adding BlackRock Global Equity Income
Trust
("BFD")
(File No. 811-22006) to the coverage of the Bond.
Enclosed
herewith in accordance with Rule 17g-1 please find: (i) a copy of
the
insurance
binder for the endorsement to the Bond adding BFD, (ii)
a
copy of the
resolutions
adopted by the Board of Trustees of BFD on
February
22, 2007 with
respect
to these matters and (iii) a copy of the joint
insured
bond agreement
among
BFD and the other BlackRock closed-end funds named
therein.
BFD was added
to
the Bond
effective
March 30, 2007, and the Bond will
terminate
September 29,
2007.
In
connection
with this addition of BFD to the Bond,
premiums
on the Bond
for
BFD
have
been paid through September 29, 2007. Absent the
joint
fidelity bond,
BFD
would
have maintained an individual fidelity bond of
$1,000,000.
Should
you have any questions regarding this filing, feel free to contact me
at
(212)
810-3439.
Sincerely,
/s/
Vincent B. Tritto
Vincent
B. Tritto
Secretary
BlackRock
Global Equity Income Trust
INSURANCE
BINDER 60608 FRANK
CRYSTAL
&
COMPANY
FINANCIAL
SQUARE 32 OLD SLIP NEW YORK, NY 10005
(212)
344-2444 (800) 221-5830
TELEX:
222792 CABLE: CRYSTINSCOS
TELECOPIER:(212)
425-7017
Insured's
Mailing
Address Date
Typed 04/05/07
By: kr1/60608
BlackRock
Closed End
Funds A/E:
RDN
40
East 52nd
Street Insured's
No.
New
York, NY
10022 Telephone
Confirmation [ ]
Company
or
Agency Date
With
Whom
St.
Paul Fire & Marine Insurance Company
c/o
Travelers
485
Lexington Avenue
New
York, NY 10017
_____________________________________________________________________________________________________________
New
Order [ ] Endorsement [X] Renewal [ ] Rewrite [ ] Information Only [
]
_____________________________________________________________________________________________________________
Name
(if different from mailing address)
Inception
or Effective Date 09/29/06
Expiration 09/29/07
Policy
No. 490PB1278
Company St.
Paul Fire & Marine Insurance Co.
_____________________________________________________________________________________________________________
Location(s)
(if different from mailing address)
Prepaid [
]
Installment [
]
Premium
_____________________________________________________________________________________________________________
_____________________________________________________________________________________________________________
Type
of Coverage - Excess Registered Management Investment Company Bond
Specifications
- It is hereby understood and agreed, that the following Fund
will
be added to the above referenced policy as Additional Named Insured as
of
March
30, 2007:
Additional
Named Insured:
BlackRock
Global Equity Income Trust
All
other terms and conditions shall remain unchanged.
_____________________________________________________________________________________________________________
Mortgagee
[ ] Loss Payee [ ] Additional Insured [
] Other [ ]
_____________________________________________________________________________________________________________
Enclosure [
] The
undersigned company agrees, for its respective
interests
only and to the extent respectively
_______________________________________________
indicated to effect insurance or changes as set forth.
This
agreement is binding for account of the Assured
Remarks [
] until
acceptance of satisfactory policy and/or
endorsement
and/or term agreed to by Frank Crystal
&
Co. Inc. This Binder is issued for a period of 60
days
and automatically will be extended for additional
consecutive
periods of 60 days until acceptance of the
Policy,
Bond, and/or Endorsement by the Assured.
_____________________________________________________________________________________________________________
Name
of Underwriter:
For
Frank Crystal & Co., Inc.
Refer
to: Robert
Duran (Print
or Type) Richard Fachet
/s/
Richard Fachet
Signature
Original signature on file with Frank Crystal & Co., Inc.
_____________________________________________________________________________________________________________
Admitted [X] Non-Admitted [
] For
(Insurance Company) St. Paul Fire & Marine Insurance
Company
Date
Signed 4/5/07
_____________________________________________________________________________________________________________
INSURANCE
BINDER 60607 FRANK
CRYSTAL
&
COMPANY
FINANCIAL
SQUARE 32 OLD SLIP NEW YORK, NY 10005
(212)
344-2444 (800) 221-5830
TELEX:
222792 CABLE: CRYSTINSCOS
TELECOPIER:(212)
425-7017
Insured's
Mailing
Address Date
Typed 03/30/07
By: kr1/60607
BlackRock
Closed End
Funds A/E:
RDN
40
East 52nd
Street Insured's
No.
New
York, NY
10022 Telephone
Confirmation [
]
Date
Company
or
Agency With
Whom
Vigilant
Insurance Company
c/o
Chubb
55
Water Street
New
York, NY 10041
_____________________________________________________________________________________________________________
New
Order [ ] Endorsement [X] Renewal [ ] Rewrite [ ] Information Only [
]
_____________________________________________________________________________________________________________
Name
(if different from mailing address)
Inception
or Effective Date 09/29/06
Expiration 09/29/07
Policy
No. 8144-8382
Company Vigilant
Insurance Company
_____________________________________________________________________________________________________________
Location(s)
(if different from mailing address)
Prepaid [
]
Installment [
]
Premium $n/a
_____________________________________________________________________________________________________________
_____________________________________________________________________________________________________________
Type
of Coverage - Registered Management Investment Company Bond
Specifications
- It is hereby understood and agreed, that the following Fund
will
be added to the above referenced policy as Additional Named Insured as
of
March
30, 2007:
Additional
Named Insured:
BlackRock
Global Equity Income Trust
All
other terms and conditions shall remain unchanged.
_____________________________________________________________________________________________________________
Mortgagee
[ ] Loss Payee [ ] Additional Insured [
] Other [ ]
_____________________________________________________________________________________________________________
Enclosure [
] The
undersigned company agrees, for its respective
interests
only and to the extent respectively
_______________________________________________
indicated to effect insurance or changes as set forth.
This
agreement is binding for account of the Assured
Remarks [
] until
acceptance of satisfactory policy and/or
endorsement
and/or term agreed to by Frank Crystal
&
Co., Inc. This Binder is issued for a period of 60
days
and automatically will be extended for additional
consecutive
periods of 60 days until acceptance of the
Policy,
Bond, and/or Endorsement by the Assured.
_____________________________________________________________________________________________________________
Name
of Underwriter:
For
Frank Crystal & Co., Inc.
Refer
to: Robert
Duran (Print
or Type) Lisa Friscia
/s/
Lisa Friscia
Signature Original
signature on file with Frank Crystal & Co., Inc.
_____________________________________________________________________________________________________________
For
(Insurance Company) Vigilant Insurance Company
Admitted [X] Non-Admitted [
]
Date
Signed
_____________________________________________________________________________________________________________
BFD
RESOLUTION
--------------
Joint
Fidelity Bond
-------------------
RESOLVED,
that the Board of Trustees of the Trust has determined that
the
participation by the Trust and other funds, series or accounts managed
by
the
Advisor in the joint fidelity bond which provides for equitable sharing
of
recoveries,
including payment of any reserve premiums, is in the best
interests
of the Trust; and further
RESOLVED,
that the agreement between the Trust and other funds,
series
or accounts managed by the Advisor to enter into the joint fidelity
bond
(the "Joint Insured Bond Agreement"), be, and it hereby is, adopted
and
approved
substantially in the form previously approved and adopted by the
Board
of Trustees on behalf of the BlackRock Closed-End Funds, together
with
such
changes and modifications as the officers of the Trust deem
advisable;
and
further
RESOLVED,
that the Board of Trustees, including a majority of the
Trustees
who are not "interested persons" (as defined in the 1940 Act) of
the
Trust
or the Advisor, shall review such Joint Insured Bond Agreement at
least
annually
in
order to ascertain whether or not such policy continues to be in
the
best interests of the Trust, and whether or not the premiums to be paid
by
the
Trust are fair and reasonable; and further
RESOLVED,
that in accordance with Rule 17g-1(h) under the 1940 Act,
the
Secretary of the Trust is hereby designated as the officer of the
Trust
who
is authorized and directed to make the filings with the Securities
and
Exchange
Commission (the "SEC") and give the notices required by Rule
17g-1(g);
and
further
RESOLVED,
that the officers of the Trust be, and they hereby are,
authorized
and directed at all times to take all actions necessary to assure
compliance
with these resolutions and said Rule 17g-1.
THE
BLACKROCK CLOSED-END
TRUSTS
JOINT
INSURED BOND
AGREEMENT
AGREEMENT,
made as of this 30
th
day of March,
2007,
between the investment companies listed on Schedule A (each an "Insured"
and
together, the "Insureds") pursuant to Rule 17g-1(f) under the Investment
Company
Act of 1940, as amended (the "1940 Act"), relating to the Insureds' joint
insured bond (the "Bond").
The
undersigned hereby consent to additional closed-end investment companies
advised
by BlackRock Advisors, LLC or its affiliates being named as additional
Insureds
under the Bond and this Agreement, and an officer of the BlackRock Closed-End
Trusts shall periodically revise Schedule A to reflect any such
additions. The Secretary of the BlackRock Closed-End
Trusts or his or her designee may maintain the official version of Schedule
A,
as it may be revised from time to time pursuant to this Agreement, in electronic
format.
The
undersigned hereby agree that in the event
recovery is received under the Bond as a result of a loss sustained by one
or
more of the Insureds, each Insured entitled to share in such recovery shall
receive an equitable and proportionate share of the recovery, and in all
such
events such share of the recovery shall be an amount that is at least equal
to
the amount which it would have received had it maintained a single insured
bond
with the minimum coverage required by Rule 17g-1(d) under the 1940
Act.
By
and on
behalf of each of the Insureds
/s/
Vincent B.
Tritto
Name:
Vincent
B. Tritto
Title: Secretary
SCHEDULE
A
BlackRock
Broad Investment Grade 2009 Term Trust Inc.
BlackRock
Broad Investment Grade 2009 Term Trust Inc. Sub.
BlackRock
California Insured Municipal 2008 Term Trust Inc.
BlackRock
California Insured Municipal Income Trust
BlackRock
California Investment Quality Municipal Trust Inc.
BlackRock
California Municipal 2018 Term Trust
BlackRock
California Municipal Bond Trust
BlackRock
California Municipal Income Trust
BlackRock
California Municipal Income Trust II
BlackRock
Core Bond Trust
BlackRock
Dividend Achievers
TM
Trust
BlackRock
Enhanced Dividend Achievers
TM
Trust
BlackRock
Florida Insured Municipal 2008 Term Trust
BlackRock
Florida Municipal 2020 Term Trust
BlackRock
Florida Insured Municipal Income Trust
BlackRock
Florida Investment Quality Municipal Trust
BlackRock
Florida Municipal Bond Trust
BlackRock
Florida Municipal Income Trust
BlackRock
Global Energy and Resources Trust
BlackRock
Global Equity Income Trust
BlackRock
Global Floating Rate Income Trust
BlackRock
Global Opportunities Equity Trust
BlackRock
Health Sciences Trust
BlackRock
High Income Shares
BlackRock
High Yield Trust
BlackRock
Income Opportunity Trust Inc.
BlackRock
Income Trust Inc.
BlackRock
Insured Municipal 2008 Term Trust Inc.
BlackRock
Insured Municipal Income Trust
BlackRock
Insured Municipal Term Trust
BlackRock
Investment Quality Municipal Trust Inc.
BlackRock
Limited Duration Income Trust
BlackRock
Long-Term Municipal Advantage Trust
BlackRock
Maryland Municipal Bond Trust
BlackRock
Municipal 2018 Term Trust
BlackRock
Municipal 2020 Term Trust
BlackRock
Municipal Bond Trust
BlackRock
Municipal Income Trust
BlackRock
Municipal Income Trust II
BlackRock
New
Jersey Investment Quality Municipal Trust Inc.
BlackRock
New
Jersey Municipal Bond Trust
BlackRock
New
Jersey Municipal Income Trust
BlackRock
New
York Insured Municipal 2008 Term Trust Inc.
BlackRock
New
York Insured Municipal Income Trust
BlackRock
New
York Investment Quality Municipal Trust Inc.
BlackRock
New
York Municipal 2018 Term Trust
BlackRock
New
York Municipal Bond Trust
BlackRock
New
York Municipal Income Trust
BlackRock
New
York Municipal Income Trust II
BlackRock
Pennsylvania Strategic Municipal Trust
BlackRock
Preferred and Equity Advantage Trust
BlackRock
Preferred Opportunity Trust
BlackRock
Real Asset Equity Trust
BlackRock
Strategic Bond Trust
BlackRock
Strategic Dividend Achievers
TM
Trust
BlackRock
Strategic Municipal Trust
BlackRock
Virginia Municipal Bond Trust
BlackRock
World Investment Trust
S&P
Quality Rankings Global Equity Managed Trust
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