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Exhibit 99(b)
BlackRock Funds(SM)
POWER OF ATTORNEY
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William O. Albertini, whose signature appears below, hereby
constitutes and appoints David R. Wilmerding, Jr., Raymond J. Clark, Anne
Ackerley and Brian P. Kindelan, and each of them, his true and lawful attorneys
and agents, with full power and authority of substitution and resubstitution, to
do any and all acts and things and to execute any and all instruments which said
attorneys and agents, or any of them, may deem necessary or advisable or which
may be required to enable BlackRock Funds(SM) (the "Company") to comply with the
Investment Company Act of 1940, as amended, and the Securities Act of 1933, as
amended (collectively, the "Acts"), and any rules, regulations or requirements
of the Securities and Exchange Commission in respect thereof, in connection with
the filing and effectiveness of any and all amendments (including post-effective
amendments) to the Company's Registration Statement on Form N-1A and any other
registration statements pursuant to said Acts, including specifically, but
without limiting the generality of the foregoing, the power and authority to
sign in the name and on behalf of the undersigned as a trustee and/or officer of
the Company any and all such amendments and registration statements filed with
the Securities and Exchange Commission under said Acts, and any other
instruments or documents related thereto, and the undersigned does hereby ratify
and confirm all that said attorneys and agents, or any of them, shall do or
cause to be done by virtue hereof.
/s/ William O. Albertini
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William O. Albertini
Date: November 14, 2000
