<PAGE> PAGE 1
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000 C000000 0000872604
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<PAGE> PAGE 2
011 C020002 NY
011 C030002 10005
011 A000003 PAINE WEBBER INC.
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011 C010003 NEW YORK
011 C020003 NY
011 C030003 10019
011 A000004 MORGAN KEEGAN & CO. INC.
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<PAGE> PAGE 3
020 A000002 SMITH BARNEY, INC.
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022 C000008 69545
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022 C000009 59009
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022 C000010 45414
<PAGE> PAGE 4
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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<PAGE> PAGE 9
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SIGNATURE HENRY GABBAY
TITLE TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000872604
<NAME> BLACKROCK 1998 TERM TRUST INC.
<SERIES>
<NUMBER> 001
<NAME> BLACKROCK 1998 TERM TRUST INC.
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> JUN-30-1995
<INVESTMENTS-AT-COST> 865,138,057
<INVESTMENTS-AT-VALUE> 856,483,390
<RECEIVABLES> 7,338,495
<ASSETS-OTHER> 12,313,258
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 876,135,143
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 316,086,551
<TOTAL-LIABILITIES> 316,086,551
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 554,664,999
<SHARES-COMMON-STOCK> 58,660,527
<SHARES-COMMON-PRIOR> 58,660,527
<ACCUMULATED-NII-CURRENT> 20,375,013
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (4,864,818)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (10,126,602)
<NET-ASSETS> 560,048,592
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 23,861,848
<OTHER-INCOME> 0
<EXPENSES-NET> 1,820,521
<NET-INVESTMENT-INCOME> 22,041,327
<REALIZED-GAINS-CURRENT> 891,754
<APPREC-INCREASE-CURRENT> 24,797,576
<NET-CHANGE-FROM-OPS> 47,730,657
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (14,055,534)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 33,675,123
<ACCUMULATED-NII-PRIOR> 12,389,220
<ACCUMULATED-GAINS-PRIOR> (5,756,572)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,820,521
<AVERAGE-NET-ASSETS> 545,795,000
<PER-SHARE-NAV-BEGIN> 8.97
<PER-SHARE-NII> 0.38
<PER-SHARE-GAIN-APPREC> 0.44
<PER-SHARE-DIVIDEND> (0.24)
<PER-SHARE-DISTRIBUTIONS> 0.00
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<PER-SHARE-NAV-END> 9.55
<EXPENSE-RATIO> 0.67
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</TABLE>
For period ending (a) June 30, 1995
File number 811-6284
SUB-ITEM 77C
Submission of Matters to a Vote of Security Holders
A Special Meeting of Shareholders was held on February 15, 1995. At such
meeting the shareholders voted on an advisory agreement for the Trust to take
effect after the closing of the acquisition of BlackRock Financial Management
L.P., the Trust's adviser, by PNC Bank, N.A. as follows:
Affirmative Negative
votes cast votes cast
35,680,305 481,165
[nsar]br-295.shv[bbt] <PAGE>
For period ending (a) June 30, 1995
File number 811-6284
SUB-ITEM 77C
Submission of Matters to a Vote of Security Holders
The Annual Meeting of Stockholders was held on May 16, 1995. At such
meeting the Stockholders elected Directors and ratified the selection of
independent accountants and voted as follows on a proposal to broaden the
Trust's investment objective to permit investment in investment grade securities
while continuing to maintain the investment objectives of returning the initial
offering price per share on or about the termination date and providing high
monthly income:
Affirmative Negative
votes cast votes cast
23,335,625 935,137
[nsar]br-595.shv[bbt]
