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<PAGE> PAGE 2
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SIGNATURE GRACE TORRES
TITLE TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000839636
<NAME> THE BLACKROCK TARGET TERM TRUST INC.
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 1,302,308,965
<INVESTMENTS-AT-VALUE> 1,319,513,602
<RECEIVABLES> 10,875,981
<ASSETS-OTHER> 96,873,251
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,427,262,834
<PAYABLE-FOR-SECURITIES> 7,252,414
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 476,166,158
<TOTAL-LIABILITIES> 483,418,572
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 893,403,552
<SHARES-COMMON-STOCK> 95,460,639
<SHARES-COMMON-PRIOR> 95,460,639
<ACCUMULATED-NII-CURRENT> 33,019,064
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 4,329,335
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 13,092,311
<NET-ASSETS> 943,844,262
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 67,513,647
<OTHER-INCOME> 0
<EXPENSES-NET> 6,704,025
<NET-INVESTMENT-INCOME> 60,809,622
<REALIZED-GAINS-CURRENT> (599,507)
<APPREC-INCREASE-CURRENT> 885,072
<NET-CHANGE-FROM-OPS> 61,095,187
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (54,590,615)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 6,504,572
<ACCUMULATED-NII-PRIOR> 26,480,057
<ACCUMULATED-GAINS-PRIOR> 4,928,842
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 4,203,584
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 6,704,025
<AVERAGE-NET-ASSETS> 937,236,000
<PER-SHARE-NAV-BEGIN> 9.82
<PER-SHARE-NII> 0.64
<PER-SHARE-GAIN-APPREC> 0.01
<PER-SHARE-DIVIDEND> (0.58)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 9.89
<EXPENSE-RATIO> 0.68
<AVG-DEBT-OUTSTANDING> 0
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</TABLE>
EXHIBIT 77J
Reclassification of Capital Accounts: The
BlackRock Target Term Trust Inc. accounts for and
reports for distributions to shareholders in
accordance with the American Institute of
Certified Public Accountants' Statement of
Position 93-2: Determination, Disclosure, and
Financial Statement Presentation of Income,
Capital Gains, and Return of Capital Distributions
by Investment Companies. The effect of applying
this statement was to decrease paid in capital and
increase undistributed net investment income by
$320,000 due to certain expenses not being
deductible for tax purposes during the year ended
December 31, 1997. Net investment income, net
realized gains and net assets were not affected by
this change.
- 2 -
INDEPENDENT AUDITORS' REPORT
To the Shareholders and Board of Directors of
The BlackRock Target Term Trust, Inc.:
In planning and performing our audit of the financial
statements of The BlackRock Target 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
