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SIGNATURE HENRY GABBAY
TITLE TREASURER
- 2 -
INDEPENDENT AUDITORS' REPORT
To the Shareholders and Board of Directors of
The BlackRock 1998 Term Trust, Inc.:
In planning and performing our audit of the financial
statements of The BlackRock 1998 Term Trust, Inc. (the
"Trust") for the year ended December 31, 1997 (on which
we have issued our report dated February 13, 1998), we
considered its internal control, including control
activities for safeguarding securities, in order to
determine our auditing procedures for the purpose of
expressing our opinion on the financial statements and
to comply with the requirements of Form N-SAR, and not
to provide assurance on the Trust's internal control.
The management of the Trust is responsible for
establishing and maintaining internal control. In
fulfilling this responsibility, estimates and judgments
by management are required to assess the expected
benefits and related costs of controls. Generally,
controls that are relevant to an audit pertain to the
entity's objective of preparing financial statements
for external purposes that are fairly presented in
conformity with generally accepted accounting
principles. Those controls include the safeguarding of
assets against unauthorized acquisition, use or
disposition.
Because of inherent limitations in any internal
control, errors or fraud may occur and not be detected.
Also, projection of any evaluation of internal control
to future periods is subject to the risk that it may
become inadequate because of changes in conditions or
that the effectiveness of the design and operation may
deteriorate.
Our consideration of the Trust's internal control would
not necessarily disclose all matters in internal
control that might be material weaknesses under
standards established by the American Institute of
Certified Public Accountants. A material weakness is a
condition in which the design or operation of one or
more of the internal control components does not reduce
to a relatively low level the risk that errors or fraud
in amounts that would be material in relation to the
financial statements being audited may occur and not be
detected within a timely period by employees in the
normal course of performing their assigned functions.
However, we noted no matters involving the Trust's
internal control and its operation, including controls
for safeguarding securities, that we consider to be
material weaknesses as defined above as of December 31,
1997.
This report is intended solely for the information and
use of the Trust's management and Board of Directors,
and the Securities and Exchange Commission.
Boston, Massachusetts
February 13, 1998
