<PAGE> PAGE 1
000 A000000 04/30/95
000 C000000 0000880280
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 THE BLACKROCK NORTH AMERICAN GOVT INC. TRUST
001 B000000 811-6443
001 C000000 2122141250
002 A000000 199 WATER STREET
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10292
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008 B000001 A
008 C000001 801-32183
008 D010001 NEW YORK
008 D020001 NY
008 D030001 10154
010 A000001 PRUDENTIAL MUTUAL FUND MANAGEMENT, INC.
010 B000001 811-31104
010 C010001 NEW YORK
010 C020001 NY
010 C030001 10292
011 A000001 PRUDENTIAL SECURITIES INCORPORATED
011 B000001 8-27154
011 C010001 NEW YORK
011 C020001 NY
011 C030001 10292
011 A000002 A.G. EDWARDS & SONS, INC.
011 B000002 8-13580
011 C010002 ST. LOUIS
<PAGE> PAGE 2
011 C020002 MO
011 C030002 63103
011 A000003 KIDDER, PEABODY & CO.
011 B000003 8-4831
011 C010003 NEW YORK
011 C020003 NY
011 C030003 10005
011 A000004 MERRILL LYNCH & CO.
011 B000004 8-7221
011 C010004 NEW YORK
011 C020004 NY
011 C030004 10281
011 A000005 PAINEWEBBER, INCORPORATED
011 B000005 8-16267
011 C010005 NEW YORK
011 C020005 NY
011 C030005 10019
011 A000006 ADVEST, INC.
011 B000006 8-21409
011 C010006 HARTFORD
011 C020006 CT
011 C030006 06103
011 A000007 GRUNTAL & CO., INCORPORATED
011 B000007 8-31022
011 C010007 NEW YORK
011 C020007 NY
011 C030007 10005
011 A000008 MORGAN KEEGAN & COMPANY, INC.
011 B000008 8-15001
011 C010008 MEMPHIS
011 C020008 TN
011 C030008 38103
011 A000009 RAYMOND JAMES & ASSOCIATES, INC.
011 B000009 8-10999
011 C010009 ST. PETERSBURG
011 C020009 FL
011 C030009 33716
011 A000010 CROWELL, WEEDON & CO.
011 B000010 8-3710
011 C010010 LOS ANGELES
011 C020010 CA
011 C030010 90017
012 A000001 STATE STREET BANK & TRUST COMPANY
012 B000001 84-
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012 C020001 MA
012 C030001 02171
013 A000001 DELOITTE & TOUCHE LLP
013 B010001 NEW YORK
013 B020001 NY
013 B030001 10281
<PAGE> PAGE 3
015 A000001 STATE STREET BANK & TRUST CO.
015 B000001 C
015 C010001 NORTH QUINCY
015 C020001 MA
015 C030001 02171
015 E010001 X
015 A000002 CANADA TRUSTCO MORTGAGE COMPANY
015 B000002 S
015 C010002 ONTARIO
015 D010002 CANADA
015 D020002 M5J2T2
015 E040002 X
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020 C000002 6
020 A000003 SMITH BARNEY, INC.
020 B000003 13-1912900
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022 C000002 83007
022 D000002 0
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022 B000003 13-5033225
022 C000003 24392
022 D000003 32167
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022 B000004 22-2347336
022 C000004 0
022 D000004 33856
022 A000005 SALOMON BROTHERS, INC.
022 B000005 13-3082694
022 C000005 20332
<PAGE> PAGE 4
022 D000005 10635
022 A000006 GOLDMAN, SACHS & CO.
022 B000006 13-5108880
022 C000006 15678
022 D000006 14153
022 A000007 SMITH BARNEY, INC.
022 B000007 13-1912900
022 C000007 10582
022 D000007 15249
022 A000008 GREENWICH CAPITAL MARKETS, INC.
022 C000008 12433
022 D000008 12478
022 A000009 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
022 B000009 13-5674085
022 C000009 22406
022 D000009 0
022 A000010 DONALDSON, LUFKIN & JENRETTE SECURITIES CORP.
022 B000010 13-2741729
022 C000010 61
022 D000010 21639
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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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<PAGE> PAGE 10
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SIGNATURE HENRY GABBAY
TITLE TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000880280
<NAME> THE BLACKROCK NO. AMERICAN GOV'T INCOME TRUST IN
<SERIES>
<NUMBER> 001
<NAME> THE BLACKROCK NO. AMERICAN GOV'T INCOME TRUST
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1995
<PERIOD-END> APR-30-1995
<INVESTMENTS-AT-COST> 554,802,528
<INVESTMENTS-AT-VALUE> 522,864,824
<RECEIVABLES> 80,962,259
<ASSETS-OTHER> 6,037,564
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 609,864,647
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 224,353,738
<TOTAL-LIABILITIES> 224,353,738
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 500,925,133
<SHARES-COMMON-STOCK> 36,207,093
<SHARES-COMMON-PRIOR> 36,207,093
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (26,726,809)
<ACCUMULATED-NET-GAINS> (99,154,027)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 10,466,612
<NET-ASSETS> 385,510,909
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 18,696,426
<OTHER-INCOME> 0
<EXPENSES-NET> 1,703,464
<NET-INVESTMENT-INCOME> 16,992,962
<REALIZED-GAINS-CURRENT> (5,100,469)
<APPREC-INCREASE-CURRENT> 27,198,719
<NET-CHANGE-FROM-OPS> 39,091,212
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (18,329,719)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 20,761,493
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (52,281,126)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,065,005
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,703,464
<AVERAGE-NET-ASSETS> 357,645,000
<PER-SHARE-NAV-BEGIN> 10.07
<PER-SHARE-NII> 0.47
<PER-SHARE-GAIN-APPREC> 0.62
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> (0.51)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 10.65
<EXPENSE-RATIO> 0.96
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.00
</TABLE>
For period ending (a) April 30, 1995
File number 811-6443
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
24,347,827 462,461
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.
For six months ended (a) April 30, 1995
File number (c) 811-6443
SUB-ITEM 77J
Restatement of Capital Share Account
The Trust accounts and reports for distributions to shareholders in
accordance with the American Institute of Certified Public Accountants'
Statement of Position 93-2: Determination, Disclosure, and Financial Statement
Presentation of Income, Capital Gain, and Return of Capital Distributions by
Investment Companies. For the six months ended April 30, 1995 the Trust
increased distributions in excess of net investment income by $25,390,052,
decreased accumulated net realized loss on investments by $17,717 and decreased
accumulated net realized and unrealized foreign currency losses by $25,372,335
for realized foreign currency losses incurred during the six months ended April
30, 1995. Net investment income, net realized gains and net assets were not
affected by this change.
