THE BLACKROCK GOVERNMENT INCOME TRUST
August 25, 1995
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: Rule 24f-2 Notice for The BlackRock Government Income Trust
File No. 811-6334
Ladies and Gentlemen:
This Notice is filed on behalf of The BlackRock Government Income Trust
pursuant to the requirements of Rule 24f-2 under the Investment Company Act of
1940.
1. Fiscal year for which notice is filed: 6/30/95.
2. Number of shares registered under the Securities Act of 1933
other than pursuant to Rule 24f-2 but which remained unsold as of the
beginning of the fiscal year (7/1/94): None.
3. The number of shares registered during the fiscal year ended
6/30/95 other than pursuant to Rule 24f-2: 4,650,716.
4. The number of shares sold* during the fiscal year ended 6/30/95:
144,881
5. The number of shares sold during the fiscal year ended 6/30/95 in
reliance upon Rule 24f-2: 144,881
Yours truly,
/s/S. Jane Rose
S. Jane Rose
Secretary
Enclosures
*Calculation of Fee No. of Shares Dollar Amount
Shares sold 144,881 $ 1,339,920
Shares redeemed (3,180,965) $(29,533,898)
Net of sales for
calculation of fee (3,036,084) $(28,193,978)
Fee at 1/29 of 1% $ - 0 -
THE BLACKROCK GOVERNMENT INCOME TRUST
August 29, 1995
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: The BlackRock Government Income Trust
File No. 811-6334
Ladies and Gentlemen:
On behalf of The BlackRock Government Income Trust, the following is a
submission of a Notice and related opinon of counsel pursuant to the
requirements of Rule 24f-2 of the Investment Company Act of 1940. These
documents are being filed via the EDGAR System.
If you have any questions relating to the foregoing, please call the
undersigned at (212) 214-3118.
Yours truly,
/s/Ellyn C. Acker
Ellyn C. Acker
Assistant Secretary
Enclosures
BGIT/24f-2.ltr
Prudential Mutual Fund
Management, Inc. -2-
August 25, 1995
Boston
August 25, 1995
Prudential Mutual Fund
Management, Inc.
One Seaport Plaza
New York, N.Y. 10292
Re: BlackRock Government Income Trust
Rule 24f-2 Notice for
Fiscal Year Ended June 30, 1995
Ladies and Gentlemen:
You have requested our opinion as to certain matters of Massachusetts law
in connection with the Notice for the fiscal year ended June 30, 1995 (the "No
tice"), being filed pursuant to Rule 24f-2 promulgated by the Securities and
Exchange Commission (the "SEC") under the Investment Company Act of 1940, as
amended, by BlackRock Government Income Trust (originally named "BFM Government
Securities Trust"), a Massachusetts trust with transferable shares (the
"Trust"), established under a Declaration of Trust dated June 13, 1991, as
amended July 15, 1991 and August 24, 1992, and supplemented by an Amended and
Restated Certificate of Designation dated October 31, 1994 (as so amended and
supplemented, the "Declaration").
We have reviewed the actions taken by the Trustees of the Trust to organize
the Trust and to authorize the issuance and sale of shares of beneficial in
terest, one cent ($.01) per share par value, of the shares authorized by the
Declaration (the "Shares"). In this connection we have examined the Declaration
and the By-laws of the Trust, the Notice, the Prospectus and Statement of Ad
ditional Information included in the Trust's Registration Statement on Form N-
1A, certificates of Trustees and officers of the Trust and of public officials
as to matters of fact, and such other documents and instruments, certified or
otherwise identified to our satisfaction, and such questions of law and fact, as
we have considered necessary or appropriate for purposes of the opinions
expressed herein. We have assumed the genuineness of the signatures on, and the
authenticity of, all documents furnished to us, and the conformity to the origi
nals of documents submitted to us as copies, which facts we have not independ
ently verified.
Based upon and subject to the foregoing, we hereby advise you that, in our
opinion, under the laws of Massachusetts:
The Trust is validly existing as a trust with transferable shares of the
type commonly called a Massachusetts business trust.
The Trust is authorized to issue an unlimited number of Shares; the Shares
issued by the Trust during the fiscal year ended June 30, 1995 (the "Issued
Shares") have been duly and validly authorized by all requisite action of the
Trustees of the Trust, and no action of the shareholders of the Trust is
required in such connection.
The Issued Shares have been validly and legally issued, and all of the
Issued Shares which remain outstanding at the date hereof are fully paid and
non-assessable by the Trust.
With respect to the opinion stated in paragraph 3 above, we wish to point
out that the shareholders of a Massachusetts business trust may under some
circumstances be subject to assessment at the instance of creditors to pay the
obligations of such trust in the event that its assets are insufficient for the
purpose.
This letter expresses our opinions as to the provisions of the Declaration
and the laws of Massachusetts applying to business trusts generally, but does
not extend to the Massachusetts Securities Act, or to federal securities or
other laws.
We hereby consent to the filing of this opinion with the SEC in connection
with the Notice. In giving such consent, we do not thereby concede that we come
within the category of persons whose consent is required under Section 7 of the
Securities Act of 1933, as amended.
Very truly yours,
SULLIVAN & WORCESTER
