- Quarterly Schedule of Portfolio Holdings of Registered Management Investment Company (N-Q)

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 (BFD)

Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809

Name and address of agent for service: Donald C. Burke, Chief Executive Officer, BlackRock Global Equity Income Trust, 800 Scudders Mill Road, Plainsboro, NJ, 08536. Mailing address: P.O. Box 9011, Princeton, NJ, 08543-9011

Registrant’s telephone number, including area code: (800) 882-0052, Option 4

Date of fiscal year end: 10/31/2009

Date of reporting period: 11/01/2008 – 01/31/2009

Item 1 – Schedule of Investments


Schedule of Investments January 31, 2009 (Unaudited)	BlackRock Global Equity Income Trust (BFD)
	(Percentages shown are based on Net Assets)


Shares		Common Stocks	Value

		Australia—1.9%
	113,845	Commonwealth Bank of Australia	$	1,934,359
	761,448	Dexus Property Group (REIT)		358,522
	930,331	Insurance Australia Group Ltd.		2,272,712
	894,897	Macquarie Airports		1,282,761
	195,800	Macquarie Infrastructure Group		195,768
	84,458	National Australia Bank Ltd.		996,123
	92,905	Wesfarmers Ltd.		903,109

				7,943,354

		Austria—0.1%
	16,603	Voestalpine AG		320,929

		Belgium—0.0%
	41,512	Anheuser-Busch InBev NV (a)		213

		Bermuda—0.3%
	37,675	Covidien Ltd.		1,444,459

		Canada—3.5%
	23,900	Agnico-Eagles Mines Ltd. (b)		1,276,616
	82,500	Bank of Montreal (b)		2,237,003
	12,100	Bank of Nova Scotia		292,768
	3,700	Canadian Imperial Bank of Commerce		140,698
	28,400	Canadian Natural Resources Ltd.		1,016,494
	76,691	Canadian Oil Sands Trust		1,169,518
	55,900	EnCana Corp. (b)		2,487,635
	9,500	Manulife Financial Corp.		157,733
	78,569	PAN American Silver Corp. (a)(b)		1,434,585
	10,046	Penn West Energy Trust		114,203
	18,300	Research In Motion Ltd. (a)		1,011,518
	113,138	RioCan (REIT)		1,341,510
	31,100	Royal Bank of Canada		771,255
	52,200	Shaw Communications, Inc.		846,694
	7,300	Toronto-Dominion Bank (The)		236,934

				14,535,164

		Denmark—0.6%
	40,851	TrygVesta AS		2,420,067

		Finland—1.1%
	65,366	Fortum Oyj		1,275,244
	90,450	Nokia Oyj		1,108,595
	126,149	Orion Oyj		2,173,595

				4,557,434

		France—3.8%
	10,607	Air Liquide		771,319
	26,641	Alstom S.A.		1,279,949
	99,012	AXA S.A.		1,559,320
	201,756	Credit Agricole S.A.		2,442,304
	2,976	Electricite de France S.A.		145,041
	140,009	France Telecom S.A.		3,137,453
	1,620	Lafarge S.A.		74,407
	7,304	Renault S.A.		140,724
	29,748	Sanofi-Aventis SA		1,673,117
	117,377	Societe Television Francaise 1		1,261,289
	37,809	Total S.A.		1,884,183
	1,386	Vallourec		135,411
	53,354	Vivendi		1,374,427

				15,878,944

		Germany—3.1%
	22,848	Allianz SE		1,915,670
	72,402	BASF SE		2,097,410
	57,078	Daimler AG		1,599,204
	3,148	Deutsche Bank AG		82,024
	146,531	Deutsche Lufthansa AG		1,775,972
	13,868	Deutsche Post AG		173,042
	67,279	Deutsche Telekom AG		811,888
	3,950	E.ON AG		127,233
	6,903	Metro AG		250,262
	37,704	RWE AG		2,929,499
	18,874	Siemens AG		1,062,827


Shares		Common Stocks	Value

		Germany—(cont’d)
	4,768	Wincor Nixdorf AG	$	226,315

				13,051,346

		Greece—0.6%
	85,765	OPAP S.A.		2,495,158

		Hong Kong—0.8%
	928,500	BOC Hong Kong Holdings Ltd.		947,187
	170,616	Hang Seng Bank Ltd.		2,054,262
	576,238	Pacific Basin Shipping Ltd.		295,457

				3,296,906

		Ireland—0.1%
	13,439	CRH Plc		315,656
	21,327	Elan Corp. Plc (a)		153,579

				469,235

		Italy—2.1%
	420,930	Enel S.p.A.		2,361,059
	153,073	Eni S.p.A.		3,237,672
	165,983	Mediaset S.p.A.		808,067
	769,837	Terna Rete Elettrica Nazionale S.p.A.		2,338,764

				8,745,562

		Japan—9.4%
	48,000	Asahi Kasei Corp.		196,356
	24,300	Astellas Pharma, Inc.		920,056
	27,200	Canon, Inc.		742,178
	36,600	Daiichi Sankyo Co. Ltd.		821,811
	59,200	Daito Trust Construction Co. Ltd.		2,547,972
	225,000	Daiwa Securities Group, Inc.		1,242,494
	227,000	Ebara Corp.		411,427
	23,200	Eisai Co. Ltd.		847,433
	19,200	Fast Retailing Co. Ltd		2,421,223
	6,900	FUJIFILM Holdings Corp.		150,857
	71,000	Fujitsu Ltd.		319,164
	90,000	Hitachi Ltd.		274,523
	40,000	Honda Motor Co. Ltd.		919,276
	25	Japan Real Estate Investment Corp. (REIT)		225,322
	118	Japan Tobacco, Inc.		339,273
	49,700	JFE Holdings, Inc.		1,235,155
	17,100	Kansai Electric Power Co., Inc. (The)		468,679
	47,000	Kao Corp.		1,141,511
	180,000	Kobe Steel Ltd.		268,790
	52,200	Komatsu Ltd.		538,898
	31,600	Konami Corp.		632,234
	17,000	Konica Minolta Holdings, Inc.		132,387
	58,800	Marui Co. Ltd.		303,934
	189,000	Mitsubishi Chemical Holdings Corp.		774,613
	26,600	Mitsubishi Corp.		351,497
	37,000	Mitsubishi Electric Corp.		169,816
	212,718	Mitsubishi UFJ Financial Group, Inc.		1,180,015
	90,000	Mitsui & Co. Ltd.		939,172
	4,300	Nidec Corp.		206,568
	6,800	Nintendo Co. Ltd.		2,108,101
	100	Nippon Building Fund, Inc. (REIT)		1,072,838
	350,500	Nippon Mining Holdings, Inc.		1,274,759
	205,000	Nippon Steel Corp.		601,937
	440,700	Nissan Motor Co. Ltd.		1,327,643
	120,100	Nomura Holdings, Inc.		777,874
	19,400	Oracle Corp.		772,140
	64,200	OSG Corp.		389,808
	58,100	Seven & I Holdings Co. Ltd.		1,549,344
	10,500	Shin-Etsu Chemical Co. Ltd.		491,274
	33,000	Shiseido Co. Ltd.		554,801
	557,000	Sumitomo Metal Industries Ltd.		1,114,505
	42,000	Sumitomo Metal Mining Co. Ltd.		390,952
	11,300	Sumitomo Mitsui Financial Group, Inc.		447,834
	30,000	Takeda Pharmaceutical Co. Ltd.		1,405,750
	8,000	Tokio Marine Holdings, Inc.		211,896
	186,000	TonenGeneral Sekiyu KK		1,797,094



1		JANUARY 31, 2009



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


Shares		Common Stocks	Value

		Japan—(cont’d)
	67,000	Toyota Motor Corp.	$	2,155,267

				39,166,451

		Luxembourg—0.4%
	49,313	ArcelorMittal		1,103,515
	16,650	Oriflame Cosmetics S.A.		393,311

				1,496,826

		Netherlands—1.7%
	102,815	Aegon N.V.		537,697
	3,178	Akzo Nobel N.V.		113,458
	67,457	InBev N.V.		1,712,059
	41,668	ING Groep N.V.		343,887
	93,627	Royal KPN N.V.		1,246,219
	141,901	Unilever N.V.		3,127,958

				7,081,278

		New Zealand—0.1%
	147,482	Fletcher Building Ltd.		417,627

		Norway—0.1%
	18,554	Norsk Hydro ASA		66,126
	91,102	Petroleum Geo-Services ASA (a)		297,402
	16,002	StatoilHydro ASA		275,707

				639,235

		Portugal—0.0%
	52,705	Energias de Portugal S.A.		186,490

		Singapore—0.7%
	401,000	ComfortDelgro Corp. Ltd.		382,219
	1,035,874	Parkway Holdings Ltd.		781,426
	85,000	SembCorp Industries Ltd.		126,359
	920,000	Singapore Telecommunications Ltd.		1,596,903

				2,886,907

		Spain—1.4%
	256,935	Banco Santander S.A.		2,079,140
	491,164	Iberia Lineas Aereas de Espana		1,131,688
	146,458	Telefonica S.A.		2,596,516

				5,807,344

		Sweden—1.2%
	68,225	Hennes & Mauritz AB		2,632,620
	235,400	Skanska AB, B Shares		2,004,590
	100,100	Swedbank AB		350,866
	22,411	Volvo AB, B Shares		89,344

				5,077,420

		Switzerland—3.3%
	161,719	ABB Ltd. (a)		2,100,025
	82,715	Credit Suisse Group AG		2,111,013
	71,299	Nestle S.A.		2,464,044
	49,017	Novartis AG		2,014,133
	1,734	Roche Holding Ltd.		243,427
	757	SGS S.A.		800,748
	30,601	Swiss Reinsurance		811,874
	6,574	Syngenta AG		1,271,346
	2,334	Synthes, Inc.		281,123
	6,607	Transocean Ltd. (a)		360,874
	6,314	Zurich Financial Services AG		1,138,489

				13,597,096

		United Kingdom—8.3%
	100,114	Anglo American Plc		1,800,897
	18,597	AstraZeneca Plc		716,621
	30,152	Aviva Plc		136,216
	605,793	Barclays Plc		891,240
	535,876	BP Plc		3,795,097
	145,729	British American Tobacco Plc		3,995,843
	173,984	BT Group Plc		263,510
	33,290	Diageo Plc		446,667
	320,279	Electrocomponents Plc		606,223
	27,255	GKN Plc		33,236
	280,721	GlaxoSmithKline Plc		4,951,057
	499,957	HSBC Holdings Plc		3,879,036
	12,291	Imperial Tobacco Group Plc		336,090
	124,516	Lloyds TSB Group Plc		162,207


Shares		Common Stocks	Value

		United Kingdom—(cont’d)
	158,519	Mondi Plc	$	417,913
	55,015	Royal Dutch Shell Plc		1,371,213
	67,783	Royal Dutch Shell Plc, Class B		1,609,128
	23,231	Severn Trent Plc		366,260
	342,468	Tate & Lyle Plc		1,642,399
	1,507,130	Tomkins Plc		2,567,699
	243,369	United Utilities Group Plc		1,900,596
	1,568,393	Vodafone Group Plc		2,913,001

				34,802,149

		United States—43.3%
	59,500	3M Co.		3,200,505
	76,600	Abbott Laboratories		4,246,704
	89,500	Allied Capital Corp.		139,620
	32,800	Allstate Corp. (The)		710,776
	184,600	Altria Group, Inc. (c)		3,053,284
	62,800	American International Group, Inc.		80,384
	8,200	Apache Corp.		615,000
	41,400	Apple, Inc. (a)		3,731,382
	14,300	Applied Materials, Inc.		133,991
	60,600	Arch Coal, Inc.		920,514
	83,500	AT&T Inc.		2,055,770
	69,300	Autodesk, Inc. (a)		1,147,608
	7,900	Baker Hughes, Inc.		263,228
	228,800	Bank of America Corp.		1,505,504
	136,500	BB&T Corp.		2,701,335
	191,900	Bristol-Myers Squibb Co. (b)		4,108,579
	86,900	Carnival Corp.		1,580,711
	50,600	CBS Corp., Class B		289,432
	87,200	Chevron Corp.		6,149,344
	132,500	Cisco Systems, Inc. (a)(b)		1,983,525
	52,000	Coca-Cola Co. (The)		2,221,440
	83,800	ConocoPhillips (c)		3,983,014
	84,700	Consolidated Edison, Inc.		3,451,525
	43,300	Corning, Inc.		437,763
	11,100	Cummins, Inc. (c)		266,178
	109,300	Developers Diversified Realty Corp. (REIT)		524,640
	10,500	Devon Energy Corp.		646,800
	15,800	Dominion Resources, Inc.		555,844
	37,600	Dow Chemical Co. (The)		435,784
	44,300	Duke Energy Corp.		671,145
	52,900	Duke Realty Corp. (REIT)		487,209
	50,000	E.I. du Pont de Nemours & Co.		1,148,000
	170,600	Eastman Kodak Co.		772,818
	149,900	eBay, Inc. (a)		1,801,798
	63,800	Electronic Arts, Inc. (a)		985,072
	43,300	Eli Lilly & Co.		1,594,306
	87,700	Embarq Corp.		3,132,644
	71,000	EMC Corp. (a)		783,840
	54,000	Emerson Electric Co.		1,765,800
	112,200	ExxonMobil Corp.		8,581,056
	7,800	First Solar, Inc. (a)		1,113,840
	10,700	FirstEnergy Corp.		534,893
	19,700	Flowserve Corp.		1,050,207
	39,000	Freeport-McMoRan Copper & Gold, Inc.		980,460
	350,800	General Electric Co. (b)		4,255,204
	26,600	Gilead Sciences, Inc. (a)		1,350,482
	10,140	Google, Inc., Class A (a)		3,432,694
	21,100	Hewlett-Packard Co.		733,225
	137,100	Home Depot, Inc. (b)		2,951,763
	143,100	Intel Corp. (b)		1,845,990
	8,700	International Business Machines Corp.		797,355
	23,300	International Paper Co.		212,496
	124,400	Johnson & Johnson (b)		7,176,636
	15,200	Joy Global, Inc.		316,616
	121,000	JPMorgan Chase & Co.		3,086,710
	111,170	Kraft Foods, Inc.		3,118,319
	21,800	Lam Research Corp. (a)		440,578
	155,200	Leggett & Platt, Inc. (c)		1,938,448



		JANUARY 31, 2009	2


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


Shares			Common Stocks	Value

			United States—(cont’d)
	15,700		Lincoln National Corp.	$	237,541
	74,900		Linear Technology Corp.		1,754,158
	185,500		Masco Corp.		1,450,610
	8,200		Massey Energy Co.		124,476
	128,500		Mattel, Inc. (c)		1,823,415
	78,400		McDonald’s Corp.		4,548,768
	20,400		Medco Health Solutions, Inc. (a)		916,572
	61,300		Merck & Co., Inc.		1,750,115
	102,600		Microchip Technology, Inc.		1,946,322
	202,600		Microsoft Corp. (b)		3,464,460
	23,300		Monsanto Co.		1,772,198
	118,100		Motorola, Inc.		523,183
	12,300		National Oilwell Varco, Inc. (a)		325,212
	238,100		New York Community Bancorp, Inc.		3,154,825
	56,000		Nucor Corp.		2,284,240
	108,100		Oracle Corp. (a)		1,819,323
	7,200		Peabody Energy Corp.		180,000
	13,400		PepsiCo, Inc.		673,082
	327,200		Pfizer, Inc. (c)		4,770,576
	92,700		Procter & Gamble Co. (b)		5,052,150
	18,600		Progress Energy, Inc.		720,192
	21,900		Qualcomm, Inc.		756,645
	59,400		Reynolds American, Inc. (c)		2,267,892
	13,700		Salesforce.com, Inc. (a)		364,557
	69,400		Sara Lee Corp.		696,082
	29,200		Schlumberger Ltd.		1,191,652
	48,183		Smith International, Inc.		1,093,754
	124,100		Southern Co.		4,151,145
	166,500		Spectra Energy Corp.		2,415,915
	146,100		Sprint Nextel Corp. (a)		355,023
	24,400		SunTrust Banks, Inc.		299,144
	39,100		SYSCO Corp.		871,539
	25,500		Texas Instruments, Inc.		381,225
	14,400		Thermo Fisher Scientific, Inc. (a)		517,392
	20,700		Travelers Cos., Inc. (The)		799,848
	16,675		Tyco Electronics Ltd.		236,118
	147,100		U.S. Bancorp		2,182,964
	48,400		United Parcel Service, Inc., Class B		2,056,516
	80,500		Verizon Communications, Inc.		2,404,535
	52,700		VF Corp.		2,952,254
	27,000		Wal-Mart Stores, Inc.		1,272,240
	30,700		Waste Management, Inc.		957,533
	124,800		Wells Fargo & Co.		2,358,720
	51,800		Weyerhauser Co.		1,416,212
	27,000		Wyeth		1,160,190
	7,900		Yahoo! Inc. (a)		92,667

					180,742,968

			Total Long-Term Investments (Cost—$632,478,730)—87.9%		367,060,562


			Short-Term Securities

			Money Market Fund—6.6%
	27,553,023		BlackRock Liquidity Funds, TempFund,1.25%(d)(e) (Cost—$27,553,023)		27,553,023

			Total Investments Before Outstanding Options Written (Cost—$660,031,753*)—94.5%		394,613,585


	Contracts		Options Written

			Exchange-Traded Call Options Written—(0.4)%
	(140	)	S&P 500, strike price $855, expires 02/23/09		(245,000	)
	(1,375	)	S&P 500, strike price $875, expires 02/23/09		(1,471,250	)

			Total Exchange-Traded Call Options Written		(1,716,250	)

			Over-the-Counter Call Options Written—(0.1)%
	(1,330	)	Dow Jones Euro Stoxx, strike price 2,450 EUR, expires 02/20/09, broker Pali Ltd.		(235,004	)


Contracts			Options Written	Value

			Over-the-Counter Call Options Written—(cont’d)
	(400	)	FTSE 100 Index, strike price 4,450 GBP, expires 02/20/09, broker Pali Ltd.	$	(189,844	)
	(250	)	Nikkei, strike price 10,000 JPY, expires 02/13/09, broker Merrill Lynch & Co.		(4,174	)

			Total Over-the-Counter Call Options Written		(429,022	)

			Total Options Written (Premiums Received $5,950,959)—(0.5)%		(2,145,272	)

			Total Investments Net of Outstanding Options Written—94.0%		392,468,313
			Other Assets in Excess of Liabilities—6.0%		25,265,992

			Net Assets—100.0%	$	417,734,305


*	The cost and unrealized appreciation (depreciation) of investments as of January 31, 2009, as computed for federal income tax purposes, were as follows:


Aggregate cost	$	663,428,691

Gross unrealized appreciation	$	1,422,129
Gross unrealized depreciation		(270,237,235	)

Net unrealized depreciation	$	(268,815,106	)



(a)	Non-income producing security.

(b)	Security, or a portion thereof, pledged as collateral for outstanding options written.

(c)	All or a portion of a security has been pledged as collateral in connection with open financial futures contracts.

(d)	Represents current yield as of report date.

(e)	Investments in companies considered to be an affiliate of the Trust, for purposes of Section 2(a)(3) of the Investment Company Act of 1940 were as follows:



Affiliate	Net Activity		Income

BlackRock Liquidity Funds, TempFund		27,553,023	$	8,851


•	Financial futures contracts purchased as of January 31, 2009 were as follows:



Contracts	Issue		Expiration Date		Face Value		Unrealized Depreciation

274		Dow Jones Euro Stoxx		March 2009	$	7,819,951	$	(392,157	)

114		FTSE 100 Index		March 2009	$	6,780,129		(116,843	)

119		Nikkei		March 2009	$	5,179,384		(293,256	)

663		S&P 500		March 2009	$	27,265,875		(723,814	)

Total							$	(1,526,070	)


		KEY TO ABBREVIATIONS

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



3		JANUARY 31, 2009


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


•	Effective November 1, 2008, the Trust adopted Financial Accounting Standards Board Statement of Financial Accounting Standards No. 157, “Fair Value Measurements” (“FAS 157”). FAS 157 clarifies the definition of fair value, establishes a framework for measuring fair values and requires additional disclosures about the use of fair value measurements. Various inputs are used in determining the fair value of investments, which are as follows:

	•	Level 1 - price quotations in active markets/exchanges for identical securities

	•	Level 2 - other observable inputs (including, but not limited to: quoted prices for similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, and default rates) or other market-corroborated inputs)

	•	Level 3 - unobservable inputs based on the best information available in the circumstance, to the extent observable inputs are not available (including the Trust’s own assumption used in determining the fair value of investments)

	The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For information about the Trust’s policy regarding valuation of investments and other significant accounting policies, please refer to the Trust’s most recent financial statements as contained in its annual report.

	The following table summarizes the inputs used as of January 31, 2009 in determining the fair valuation of the Trust’s investments:



Valuation Inputs	Investments in Securities			Other Financial Instruments**

	Assets			Liabilities

Level 1		$	224,636,488		$	(3,242,320	)
Level 2			169,977,097			(429,022	)
Level 3			—			—

Total		$	394,613,585		$	(3,671,342	)


**	Other financial instruments are options and futures contracts.



		JANUARY 31, 2009	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 13(a)-15(b) under the Securities 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) 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
		Chief Executive Officer of
		BlackRock Global Equity Income Trust

	Date: March 25, 2009

	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/ Donald C. Burke
		Donald C. Burke
		Chief Executive Officer (principal executive officer) of
		BlackRock Global Equity Income Trust

	Date: March 25, 2009

	By:	/s/ Neal J. Andrews
		Neal J. Andrews
		Chief Financial Officer (principal financial officer) of
		BlackRock Global Equity Income Trust

	Date: March 25, 2009

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