<PAGE> PAGE 1
000 B000000 12/31/1999
000 C000000 0001089094
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 A
001 A000000 THE BLACKROCK STRATEGIC MUNICIPAL TRUST
001 B000000 811-09401
001 C000000 8002277236
002 A000000 400 BELLEVUE PARKWAY
002 B000000 WILMINGTON
002 C000000 DE
002 D010000 19809
003 000000 Y
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
007 B000000 0
007 C010100 1
007 C010200 2
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A000001 BLACKROCK ADVISORS, INC.
008 B000001 A
008 C000001 801-47710
008 D010001 WILMINGTON
008 D020001 DE
008 D030001 19809
008 A000002 BLACKROCK FINANCIAL MANAGEMENT, INC
008 B000002 S
008 C000002 801-48433
008 D010002 NEW YORK
008 D020002 NY
008 D030002 10154
010 A000001 BLACKROCK ADVISORS, INC.
010 B000001 801-47710
010 C010001 WILMINGTON
010 C020001 DE
010 C030001 19809
011 A000001 SALOMON SMITH BARNEY INC.
011 B000001 8-8177
<PAGE> PAGE 2
011 C010001 NEW YORK
011 C020001 NY
011 C030001 10013
011 A000002 PRUDENTIAL SECURITIES INCORPORATED
011 B000002 8-27154
011 C010002 NEW YORK
011 C020002 NY
011 C030002 10004
012 A000001 BOSTON EQUISERVE LP
012 B000001 84-0845601
012 C010001 CANTON
012 C020001 MA
012 C030001 02021
013 A000001 DELOITTE AND TOUCHE LLP
013 B010001 NEW YORK
013 B020001 NY
013 B030001 10281
013 B040001 1434
014 A000001 PNC BROKERAGE CORP
014 B000001 8-46315
014 A000002 PROVIDENT ADVISERS
014 B000002 8-48436
014 A000003 PNC CAPITAL MARKETS
014 B000003 8-32493
014 A000004 JJB HILLIARD W LYONNS
014 B000004 8-33133
014 A000005 PROFESSIONAL FUND DISTRIBUTORS INC
014 B000005 8-50342
015 A000001 STATE STREET BANK AND TRUST COMPANY
015 B000001 C
015 C010001 NORTH QUINCY
015 C020001 MA
015 C030001 02171
015 E010001 X
018 000000 Y
019 A000000 Y
019 B000000 22
019 C000000 BLACKROCKF
020 C000001 0
020 C000002 0
020 C000003 0
020 C000004 0
020 C000005 0
020 C000006 0
020 C000007 0
020 C000008 0
020 C000009 0
020 C000010 0
021 000000 0
022 A000001 MERRILL LYNCH PIERCE FENNER
022 B000001 13-5674085
<PAGE> PAGE 3
022 C000001 129345
022 D000001 82700
022 A000002 PAINE WEBBER INCORPORATED
022 B000002 13-2638166
022 C000002 31191
022 D000002 30100
022 A000003 JP MORGAN SECURITIES
022 B000003 13-3224016
022 C000003 24575
022 D000003 24100
022 A000004 STATE STREET AND TRUST AND CO.
022 B000004 04-1867445
022 C000004 28055
022 D000004 27604
022 A000005 SALOMON SMITH BARNEY INC.
022 B000005 13-3082694
022 C000005 28312
022 D000005 0
022 A000006 MORGAN STNLEY DEAN WITTER AND CO.
022 B000006 13-2655998
022 C000006 27210
022 D000006 0
022 A000007 PRUDENTIAL SECURITIES INC.
022 B000007 22-2347336
022 C000007 13172
022 D000007 0
022 A000008 LEHMAN SECURITIES
022 B000008 13-2518466
022 C000008 7573
022 D000008 3200
022 A000009 NORWEST INVESTMENT SERVICES
022 B000009 41-1508325
022 C000009 4955
022 D000009 4955
022 A000010 BEAR STERNS AND CO. INC.
022 B000010 13-3604099
022 C000010 8975
022 D000010 0
023 C000000 355836
023 D000000 192665
024 000000 N
025 D000001 0
025 D000002 0
025 D000003 0
025 D000004 0
025 D000005 0
025 D000006 0
025 D000007 0
025 D000008 0
026 A000000 N
026 B000000 N
<PAGE> PAGE 4
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 N
028 A010000 0
028 A020000 0
028 A030000 0
028 A040000 0
028 B010000 0
028 B020000 0
028 B030000 0
028 B040000 0
028 C010000 0
028 C020000 0
028 C030000 0
028 C040000 0
028 D010000 0
028 D020000 0
028 D030000 0
028 D040000 0
028 E010000 0
028 E020000 0
028 E030000 0
028 E040000 0
028 F010000 0
028 F020000 0
028 F030000 0
028 F040000 0
028 G010000 0
028 G020000 0
028 G030000 0
028 G040000 0
028 H000000 0
030 A000000 0
030 B000000 0.00
030 C000000 0.00
031 A000000 0
031 B000000 0
032 000000 0
033 000000 0
035 000000 0
036 B000000 0
038 000000 0
042 A000000 0
042 B000000 0
042 C000000 0
042 D000000 0
<PAGE> PAGE 5
042 E000000 0
042 F000000 0
042 G000000 0
042 H000000 0
043 000000 0
044 000000 0
045 000000 Y
046 000000 N
047 000000 Y
048 000000 0.600
048 A010000 0
048 A020000 0.000
048 B010000 0
048 B020000 0.000
048 C010000 0
048 C020000 0.000
048 D010000 0
048 D020000 0.000
048 E010000 0
048 E020000 0.000
048 F010000 0
048 F020000 0.000
048 G010000 0
048 G020000 0.000
048 H010000 0
048 H020000 0.000
048 I010000 0
048 I020000 0.000
048 J010000 0
048 J020000 0.000
048 K010000 0
048 K020000 0.000
049 000000 N
050 000000 N
051 000000 N
052 000000 N
053 A000000 Y
053 B000000 Y
054 A000000 Y
054 B000000 Y
054 C000000 N
054 D000000 N
054 E000000 N
054 F000000 N
054 G000000 Y
054 H000000 Y
054 I000000 N
054 J000000 Y
054 K000000 N
054 L000000 N
054 M000000 Y
<PAGE> PAGE 6
054 N000000 N
054 O000000 N
055 A000000 N
055 B000000 N
056 000000 Y
057 000000 N
058 A000000 N
059 000000 Y
060 A000000 Y
060 B000000 Y
061 000000 0
062 A000000 Y
062 B000000 0.0
062 C000000 0.0
062 D000000 0.0
062 E000000 0.3
062 F000000 0.0
062 G000000 0.0
062 H000000 0.0
062 I000000 0.0
062 J000000 0.0
062 K000000 0.0
062 L000000 0.5
062 M000000 0.0
062 N000000 0.0
062 O000000 98.7
062 P000000 0.0
062 Q000000 0.0
062 R000000 0.0
063 A000000 0
063 B000000 21.5
064 A000000 Y
064 B000000 N
066 A000000 N
067 000000 N
068 A000000 N
068 B000000 N
069 000000 N
070 A010000 Y
070 A020000 N
070 B010000 N
070 B020000 N
070 C010000 Y
070 C020000 N
070 D010000 N
070 D020000 N
070 E010000 Y
070 E020000 N
070 F010000 N
070 F020000 N
070 G010000 Y
<PAGE> PAGE 7
070 G020000 N
070 H010000 N
070 H020000 N
070 I010000 N
070 I020000 N
070 J010000 Y
070 J020000 N
070 K010000 Y
070 K020000 Y
070 L010000 N
070 L020000 N
070 M010000 N
070 M020000 N
070 N010000 Y
070 N020000 N
070 O010000 N
070 O020000 N
070 P010000 Y
070 P020000 N
070 Q010000 N
070 Q020000 N
070 R010000 Y
070 R020000 N
071 A000000 166925
071 B000000 4502
071 C000000 110984
071 D000000 4
072 A000000 5
072 B000000 2429
072 C000000 0
072 D000000 0
072 E000000 0
072 F000000 270
072 G000000 0
072 H000000 0
072 I000000 5
072 J000000 10
072 K000000 0
072 L000000 30
072 M000000 8
072 N000000 0
072 O000000 0
072 P000000 0
072 Q000000 0
072 R000000 22
072 S000000 5
072 T000000 0
072 U000000 0
072 V000000 0
072 W000000 40
072 X000000 390
<PAGE> PAGE 8
072 Y000000 113
072 Z000000 2152
072AA000000 0
072BB000000 130
072CC010000 0
072CC020000 5547
072DD010000 219
072DD020000 0
072EE000000 0
073 A010000 0.0781
073 A020000 0.0000
073 B000000 0.0000
073 C000000 0.0000
074 A000000 0
074 B000000 0
074 C000000 746
074 D000000 156758
074 E000000 0
074 F000000 0
074 G000000 0
074 H000000 0
074 I000000 0
074 J000000 0
074 K000000 0
074 L000000 2338
074 M000000 0
074 N000000 159842
074 O000000 0
074 P000000 97
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 775
074 S000000 0
074 T000000 158970
074 U010000 7241081
074 U020000 0
074 V010000 13.39
074 V020000 0.00
074 W000000 0.0000
074 X000000 92
074 Y000000 0
075 A000000 0
075 B000000 98300
076 000000 12.50
077 A000000 Y
077 B000000 Y
077 C000000 N
077 D000000 N
077 E000000 N
<PAGE> PAGE 9
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 N
077 P000000 N
077 Q010000 N
077 Q020000 N
077 Q030000 N
078 000000 N
080 A000000 VIGILANT (SUBSIDIARY OF CHUBB)
080 C000000 22050
081 A000000 Y
081 B000000 22
082 A000000 Y
082 B000000 25
083 A000000 N
083 B000000 0
084 A000000 N
084 B000000 0
085 A000000 Y
085 B000000 N
086 A010000 7241
086 A020000 103511
086 B010000 0
086 B020000 0
086 C010000 2
086 C020000 61081
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
087 A010000 THE BLACKROCK STRATEGIC MUNICIPAL TRUST
087 A020000 09248T109
087 A030000 BSD
088 A000000 N
088 B000000 N
088 C000000 N
088 D000000 Y
SIGNATURE JAMES KONG
TITLE ASSISTANT TREASURER
INDEPENDENT AUDITORS' REPORT
To the Trustees and Shareholders of
The BlackRock Strategic Municipal Trust
In planning and performing our audit of the financial statements of The
BlackRock Strategic Municipal Trust (the "Trust") for the period from August 25,
1999 (commencement of investment operations) to December 31, 1999 (on which we
have issued our report dated February 11, 2000), 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, misstatements due to
error or fraud may occur and not be detected. Also, projections of any
evaluation of internal control to future periods are subject to the risk that
the internal control may become inadequate because of changes in conditions, or
that the degree of compliance with policies or procedures 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 misstatements caused by error 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, 1999.
This report is intended solely for the information and use of management, the
Trustees of The BlackRock Strategic Municipal Trust, and the Securities and
Exchange Commission, and is not intended to be and should not be used by anyone
other than these specified parties.
DELOITTE & TOUCHE LLP
New York, New York
February 11, 2000
<TABLE> <S> <C>
<ARTICLE> 6
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 163,050,711
<INVESTMENTS-AT-VALUE> 157,503,898
<RECEIVABLES> 2,337,937
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 159,841,835
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 871,205
<TOTAL-LIABILITIES> 871,205
<SENIOR-EQUITY> 62,000,000
<PAID-IN-CAPITAL-COMMON> 102,591,785
<SHARES-COMMON-STOCK> 7,241,081
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 55,929
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (130,271)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (5,546,813)
<NET-ASSETS> 158,970,630
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2,428,813
<OTHER-INCOME> 0
<EXPENSES-NET> 276,812
<NET-INVESTMENT-INCOME> 2,152,001
<REALIZED-GAINS-CURRENT> (130,271)
<APPREC-INCREASE-CURRENT> (5,546,813)
<NET-CHANGE-FROM-OPS> (3,525,083)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 2,096,072
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 7,241,081
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 158,870,627
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 382,737
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 501,952
<AVERAGE-NET-ASSETS> 98,300,000
<PER-SHARE-NAV-BEGIN> 14.33
<PER-SHARE-NII> 0.30
<PER-SHARE-GAIN-APPREC> (0.79)
<PER-SHARE-DIVIDEND> (0.29)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.39
<EXPENSE-RATIO> 1.13
</TABLE>
