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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 9
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<PAGE> PAGE 11
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<PAGE> PAGE 16
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<PAGE> PAGE 20
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<PAGE> PAGE 21
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<PAGE> PAGE 22
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<PAGE> PAGE 23
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<PAGE> PAGE 24
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<PAGE> PAGE 25
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<PAGE> PAGE 26
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<PAGE> PAGE 27
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<PAGE> PAGE 28
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<PAGE> PAGE 29
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<PAGE> PAGE 30
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<PAGE> PAGE 31
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<PAGE> PAGE 32
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<PAGE> PAGE 33
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<PAGE> PAGE 34
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<PAGE> PAGE 35
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<PAGE> PAGE 36
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<PAGE> PAGE 37
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<PAGE> PAGE 38
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<PAGE> PAGE 39
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<PAGE> PAGE 40
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008 D030801 10154
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<PAGE> PAGE 41
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<PAGE> PAGE 42
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<PAGE> PAGE 43
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<PAGE> PAGE 44
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<PAGE> PAGE 45
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<PAGE> PAGE 46
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<PAGE> PAGE 47
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<PAGE> PAGE 48
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<PAGE> PAGE 49
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<PAGE> PAGE 50
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008 A001001 BLACKROCK ADVISOR, INC.
008 B001001 A
008 C001001 801-47710
008 D011001 NEW YORK
008 D021001 NY
008 D031001 10154
008 A001002 BLACKROCK FINANCIAL MANAGEMENT, INC.
008 B001002 S
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008 D031002 10154
015 A001001 PNC BANK NATIONAL ASSOCIATION
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<PAGE> PAGE 51
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<PAGE> PAGE 52
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<PAGE> PAGE 53
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<PAGE> PAGE 54
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008 B001101 A
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008 D031101 10154
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<PAGE> PAGE 55
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<PAGE> PAGE 56
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<PAGE> PAGE 57
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<PAGE> PAGE 58
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<PAGE> PAGE 59
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008 B001201 A
008 C001201 801-162830
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<PAGE> PAGE 60
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<PAGE> PAGE 61
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<PAGE> PAGE 62
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<PAGE> PAGE 63
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008 A001301 BLACKROCK ADVISOR, INC.
008 B001301 A
008 C001301 801-47710
008 D011301 NEW YORK
008 D021301 NY
008 D031301 10154
008 A001302 BLACKROCK FINANCIAL MANAGEMENT, INC.
008 B001302 S
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015 A001301 PNC BANK, NATIONAL ASSOCIATION
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<PAGE> PAGE 64
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<PAGE> PAGE 65
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<PAGE> PAGE 66
070 C021300 N
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<PAGE> PAGE 67
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<PAGE> PAGE 68
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008 A001401 BLACKROCK ADVISOR, INC.
008 B001401 A
008 C001401 801-47710
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008 D031401 10154
008 A001402 BLACKROCK FINANCIAL MANAGEMENT, INC.
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015 A001401 PNC BANK,NATIONAL ASSOCIATION
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<PAGE> PAGE 69
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<PAGE> PAGE 70
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<PAGE> PAGE 71
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<PAGE> PAGE 72
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008 A001501 BLACKROCK ADVISOR, INC.
008 B001501 A
008 C001501 801-47710
008 D011501 NEW YORK
008 D021501 NY
008 D031501 10154
008 A001502 BLACKROCK FINANCIAL MANAGEMENT, INC.
008 B001502 S
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015 A001501 PNC BANK, NATIONAL ASSOCIATION
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<PAGE> PAGE 73
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<PAGE> PAGE 74
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<PAGE> PAGE 75
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<PAGE> PAGE 76
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<PAGE> PAGE 77
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008 A001601 BLACKROCK ADVISOR, INC.
008 B001601 A
008 C001601 801-47710
008 D011601 NEW YORK
008 D021601 NY
008 D031601 10154
008 A001602 BLACKROCK FINANCIAL MANAGEMENT, INC.
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015 A001601 PNC BANK, NATIONAL ASSOCIATION
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<PAGE> PAGE 78
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<PAGE> PAGE 79
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<PAGE> PAGE 80
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<PAGE> PAGE 81
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008 A001701 BLACKROCK ADVISOR, INC.
008 B001701 A
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008 A001702 BLACKROCK INSTITUTIONAL MANAGEMENT CORP.
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<PAGE> PAGE 82
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<PAGE> PAGE 83
048 J021700 0.000
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<PAGE> PAGE 84
070 I011700 N
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<PAGE> PAGE 85
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008 B001801 A
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<PAGE> PAGE 86
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<PAGE> PAGE 87
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<PAGE> PAGE 88
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<PAGE> PAGE 89
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<PAGE> PAGE 90
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008 A001901 BLACKROCK ADVISOR, INC.
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<PAGE> PAGE 91
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<PAGE> PAGE 92
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<PAGE> PAGE 93
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<PAGE> PAGE 94
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<PAGE> PAGE 95
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<PAGE> PAGE 96
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<PAGE> PAGE 97
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<PAGE> PAGE 98
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<PAGE> PAGE 99
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008 A002101 BLACKROCK ADVISOR, INC.
008 B002101 A
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008 D012101 NEW YORK
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008 D032101 10154
008 A002102 BLACKROCK FINANCIAL MANAGEMENT, INC.
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<PAGE> PAGE 100
015 A002101 PNC BANK, NATIONAL ASSOCIATION
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<PAGE> PAGE 101
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<PAGE> PAGE 102
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<PAGE> PAGE 103
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<PAGE> PAGE 104
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008 A002201 BLACKROCK ADVISOR, INC.
008 B002201 A
008 C002201 801-47710
008 D012201 NEW YORK
008 D022201 NY
008 D032201 10154
008 A002202 BLACKROCK INSTITUTIONAL MANAGEMENT CORP.
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015 A002201 PNC BANK, NATIONAL ASSOCIATION
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<PAGE> PAGE 105
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<PAGE> PAGE 106
048 J022200 0.000
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070 G022200 N
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<PAGE> PAGE 107
070 I012200 N
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<PAGE> PAGE 108
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008 A002301 BLACKROCK ADVISOR, INC.
008 B002301 A
008 C002301 801-47710
008 D012301 NEW YORK
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008 D032301 10154
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<PAGE> PAGE 109
008 C002302 801-51087
008 D012302 EDINBURGH
008 D052302 SCOTLAND
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015 A002301 PNC BANK, NATIONAL ASSOCIATION
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<PAGE> PAGE 110
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<PAGE> PAGE 111
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<PAGE> PAGE 112
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<PAGE> PAGE 113
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008 A002401 BLACKROCK ADVISOR, INC.
008 B002401 A
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008 D032401 10154
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<PAGE> PAGE 114
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<PAGE> PAGE 115
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<PAGE> PAGE 116
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<PAGE> PAGE 117
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<PAGE> PAGE 118
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008 A002501 BLACKROCK ADVISOR, INC.
008 B002501 A
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<PAGE> PAGE 119
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<PAGE> PAGE 120
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<PAGE> PAGE 121
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<PAGE> PAGE 122
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<PAGE> PAGE 123
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<PAGE> PAGE 124
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<PAGE> PAGE 125
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<PAGE> PAGE 126
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<PAGE> PAGE 127
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<PAGE> PAGE 128
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<PAGE> PAGE 129
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<PAGE> PAGE 130
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<PAGE> PAGE 131
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<PAGE> PAGE 132
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<PAGE> PAGE 133
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<PAGE> PAGE 134
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<PAGE> PAGE 135
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<PAGE> PAGE 136
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<PAGE> PAGE 137
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<PAGE> PAGE 138
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<PAGE> PAGE 139
070 M022900 N
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<PAGE> PAGE 140
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<PAGE> PAGE 141
015 E033001 X
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<PAGE> PAGE 142
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069 003000 N
070 A013000 Y
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<PAGE> PAGE 143
070 B023000 N
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070 D023000 N
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070 E023000 N
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070 F023000 N
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070 G023000 N
070 H013000 Y
070 H023000 N
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070 K013000 Y
070 K023000 Y
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<PAGE> PAGE 144
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<PAGE> PAGE 145
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008 A003101 BLACKROCK ADVISOR, INC.
008 B003101 A
008 C003101 801-47710
008 D013101 NEW YORK
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008 A003102 BLACKROCK FINANCIAL MANAGEMENT, INC.
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<PAGE> PAGE 146
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<PAGE> PAGE 147
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068 B003100 N
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070 A013100 Y
070 A023100 Y
070 B013100 Y
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070 C023100 N
070 D013100 Y
070 D023100 N
070 E013100 N
070 E023100 N
070 F013100 Y
070 F023100 Y
070 G013100 Y
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070 H013100 Y
070 H023100 N
070 I013100 N
070 I023100 N
070 J013100 Y
070 J023100 N
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070 K023100 N
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070 L023100 Y
<PAGE> PAGE 148
070 M013100 N
070 M023100 N
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070 O023100 N
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070 P023100 N
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070 Q023100 N
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<PAGE> PAGE 149
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008 A003201 BLACKROCK ADVISOR, INC.
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015 A003201 PNC BANK, NATIONAL ASSOCIATION
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<PAGE> PAGE 150
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<PAGE> PAGE 151
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<PAGE> PAGE 152
067 003200 N
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070 I013200 N
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<PAGE> PAGE 153
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<PAGE> PAGE 154
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008 A003301 BLACKROCK ADVISOR, INC.
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<PAGE> PAGE 155
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<PAGE> PAGE 156
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<PAGE> PAGE 157
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<PAGE> PAGE 158
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SIGNATURE KATHY THREN
TITLE COUNSEL
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000844779
<NAME> BLACKROCK FUNDS
<SERIES>
<NUMBER> 011
<NAME> BLACKROCK MONEY MARKET-INSTITUTIONAL CLASS
<S> <C>
<PERIOD-TYPE> 6-MOS
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<NAME> BLACKROCK FUNDS
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<NAME> LARGE CAP GROWTH EQUITY - INSTITUTIONAL CLASS
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<NAME> BLACKROCK FUNDS
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<NAME> BLACKROCK FUNDS
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<NAME> BLACKROCK FUNDS
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<NAME> BLACKROCK MANANGED INCOME PORTFOLIO - INSTITUTIONAL CLASS
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<NAME> BLACKROCK FUNDS
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<NAME> BLACKROCK MANANGED INCOME PORTFOLIO-SERVICE CLASS
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<NAME> BALANCED - INSTITUTIONAL CLASS
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<NAME> BLACKROCK FUNDS
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<NAME> OHIO MUNICIPAL MONEY MARKET-INSTITUTIONAL CLASS
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<NAME> BLACKROCK FUNDS
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<NAME> BLACKROCK INTERMEDIATE BOND-INVESTOR A CLASS
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<NAME> BLACKROCK FUNDS
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<NAME> BLACKROCK INTERMEDIATE BOND-INVESTOR B CLASS
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<NAME> BLACKROCK FUNDS
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<NAME> BLACKROCK SELECT EQUITY-INSTITUTIONAL CLASS
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<CIK> 0000844779
<NAME> BLACKROCK FUNDS
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<NAME> BLACKROCK SELECT EQUITY-SERVICE CLASS
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<NAME> BLACKROCK FUNDS
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<NAME> BLACKROCK SELECT EQUITY-INVESTOR A CLASS
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<NAME> BLACKROCK FUNDS
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<NAME> BLACKROCK SELECT EQUITY-INVESTOR B CLASS
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<NAME> BLACKROCK FUNDS
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<NAME> BLACKROCK SELECT EQUITY-INVESTOR C CLASS
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<NAME> BLACKROCK FUNDS
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<NAME> BLACKROCK FUNDS
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<NAME> BLACKROCK FUNDS
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<NAME> SMALL CAP GROWTH EQUITY-INVESTOR B CLASS
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<NAME> SMALL CAP GROWTH EQUITY-INVESTOR C CLASS
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<CIK> 0000844779
<NAME> BLACKROCK FUNDS
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