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SIGNATURE HENRY GABBAY
TITLE TREASURER
- 2 -
INDEPENDENT AUDITORS' REPORT
To the Shareholders and Board of Directors of
The BlackRock 1999 Term Trust, Inc.:
In planning and performing our audit of the
financial statements of The BlackRock 1999 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 of 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
