BLACKROCK ADVISORS INC
13F-NT, 2000-05-12
NATIONAL COMMERCIAL BANKS
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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                    Form 13F

                              Form 13F COVER PAGE

Report for the Calendar Year or Quarter Ended: March 31, 2000
                                               --------------

Check here if Amendment [   ]; Amendment Number: _________

This Amendment (Check only one.):          [   ] is a restatement.
                                           [   ] adds new holding entries.

Institutional Investment Manager Filing this Report:
Name:      BlackRock Advisors, Inc.
       -----------------------------------
Address:          345 Park Avenue
           -------------------------------
                  New York, NY   10154
           -------------------------------

Form 13F File Number:   28-
                        ------------

The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this form.

Person Signing the Report on behalf of Reporting Manager:

Name:        Daniel B. Eagan
         --------------------------------
Title:       Managing Director
         --------------------------------
Phone:       (215) 561-6000
         --------------------------------
Signature, Place, and Date of Signing:

/s/ Daniel B. Eagan             Philadelphia, PA                   May 12, 2000
- --------------------------      -------------------------------    ------------
[Signature]                     [City, State]                      [Date]

Report Type (Check only one.):

[ ]  13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager
     are reported in this report.)

[X]  13F NOTICE. (Check here if no holdings reported are in this report, and all
     holdings are reported by other reporting manager(s).)

[ ]  13F COMBINATION REPORT.  (Check here if a portion of the holdings for this
     reporting manager are reported in this report and a portion are reported by
     other reporting manager(s).)

List of Other Managers Reporting for this Manager:
             Form 13F File Number                    Name

             28-                                     BlackRock, Inc.
             --------------------                    ---------------------


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