The BlackRock North American Government Income
Trust Inc.
NSAR Exhibit SUB-ITEM 77(J)
For fiscal year ended 10/31/00
Reclassification of Capital Accounts: The Fund
accounts for and reports distributions to
shareholders
in accordance with American Institute of Certified
Public
Accountants (AICPA) 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
year ended
October 31, 2000 the Trust decreased undistributed
net
investment income by $11,104,436, increased
accumulated net
realized losses on investments by $4,970, and
decreased
accumulated net realized and unrealized foreign
currency
loss by $11,109,406 for realized foreign currency
losses
incurred. Net investment income, net realized
gains and
net assets were not affected by this change.
