UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
BLACKROCK MQE INVESTORS
- --------------------------------------------------------------------------------
(Name of Issuer)
UNITS
- --------------------------------------------------------------------------------
(Title of Class of Securities)
NOT APPLICABLE
------------------------------------------------------------
(CUSIP Number)
Check the following box if a fee is being paid with this statement [X]. (A fee
is not required only if the filing person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7).
* The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
<PAGE>
SCHEDULE 13G
|-----------------------| |--------------------------|
|CUSIP Nos. N/A | | Page 2 of 3 Pages |
|-----------------------| |--------------------------|
|----------------------------------------------------------------------------|
| | |
| 1 | NAME OF REPORTING PERSON |
| | S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON |
| | |
| | Keyport Life Insurance Company |
| | 05-0302931 |
|---------|------------------------------------------------------------------|
| | |
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]|
| | SEE ITEM #5 (b) [X]|
|---------|------------------------------------------------------------------|
| | |
| 3 | SEC USE ONLY |
| | |
|---------|------------------------------------------------------------------|
| | |
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION |
| | |
| | Rhode Island |
| | |
|----------------|-----|-----------------------------------------------------|
| | | |
| NUMBER OF | 5 | SOLE VOTING POWER |
| | | |
| SHARES | | 10,000 SHARES |
| |-----|-----------------------------------------------------|
| BENEFICIALLY | | |
| | 6 | SHARED VOTING POWER |
| OWNED BY EACH | | 0 |
| |-----|-----------------------------------------------------|
| REPORTING | | |
| | 7 | SOLE DISPOSITIVE POWER |
| PERSON | | |
| | | 10,000 SHARES |
| WITH |-----|-----------------------------------------------------|
| | | |
| | 8 | SHARED DISPOSITIVE POWER |
| | | 0 |
|----------------------------------------------------------------------------|
| | |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
| | |
| | $10,000,000 |
| | |
|---------|------------------------------------------------------------------|
| | |
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) |
| | EXCLUDES CERTAIN SHARES* [ ] |
| | |
|---------|------------------------------------------------------------------|
| | |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) |
| | |
| | 21.47% |
|---------|------------------------------------------------------------------|
| | |
| 12 | TYPE OF REPORTING PERSON * |
| | IC |
| | |
|----------------------------------------------------------------------------|
* SEE INSTRUCTIONS BEFORE FILLING OUT!
Item 1(a) Name of Issuer:
BLACKROCK MQE INVESTORS
____________________________________________________________________
Item 1(b) Address of Issuer's Prinicpal Executive Office:
345 PARK AVENUE, NEW YORK, NEW YORK 10154
____________________________________________________________________
Item 2(a) Name of Person Filing:
KEYPORT LIFE INSURANCE COMPANY
____________________________________________________________________
Item 2(b) Address of Principal Business Office, or if none, Residence
125 HIGH STREET, BOSTON, MASSACHUSETTS 02110
____________________________________________________________________
Item 2(c) Citizenship:
A RHODE ISLAND CORPORATION
____________________________________________________________________
Item 2(d) Title and Class of Securities:
UNITS
____________________________________________________________________
Item 2 (e) CUSIP Number:
NOT APPLICABLE
____________________________________________________________________
Item 3. If this statement if filed pursuant to Rules 13d-1(b), or 13d-2(b),
check whether the person filing is a:
(a) [ ] Broker or Dealer registered under Section 15 of the Act
(b) [ ] Bank as defined in Section 3(a)(19) of the Act
(c) [X] Insurance Company as defined in Section 3(a)(19) of the Act
(d) [ ] Investment Company registered under Section 18 of the Investment
Company Act
(e) [ ] Investment Adviser registered under Section 203 of the Investment
Advisers Act of 1940
(f) [ ] Employee Benefit Plan, Pension Fund which is subject to the
provisions of the Employee Retirement Income Security Act of 1974
or Endowment Fund; see Section 240.13d-1(b)(1)(ii)(F)
(g) [ ] Parent Holding Company, in accordance with Section 240.13d-a(b)(ii)(G)
(h) [ ] Group, in accordance with Section 240.13d-1(b)(1)(ii)(H)
Item 4. Ownership
(a) Amount Beneficially Owned: 10,000
(b) Percent of Class: 21.47%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote 10,000
(ii) shared power to vote or to direct the vote 0
(iii) sole power to dispose or to direct the disposition of 10,000
(iv) shared power to dispose or to direct the disposition of 0
Item 5. Ownership of five Percent or less of a Class
N/A
Item 6. Ownership of More than Five Percent on Behalf of Another Person
N/A
Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on By the Parent Holding Company
N/A
Item 8.Identification and Classification of Members of the Group
N/A
Item 9. Notice of Dissolution of Group
N/A
Item 10. Certification
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete
and correct.
DECEMBER 10, 1996
__________________________________________________________________________
Date
/S/ DANIEL YIN
__________________________________________________________________________
Signature
DANIEL YIN ASSISTANT VICE PRESIDENT
__________________________________________________________________________
Name/Title
