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<PAGE> PAGE 3
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SIGNATURE HENRY GABBAY
TITLE TREASURER
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000883368
<NAME> THE BLACKROCK INVESTMENT QUALITY TERM TRUST INC.
<S> <C>
<PERIOD-TYPE> YEAR
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<PERIOD-END> DEC-31-1995
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The Shareholders and Board of Directors of
The BlackRock Investment Quality Term Trust Inc.:
In planning and performing our audit of the
financial statements of The BlackRock Investment
Quality Term Trust Inc. for the year ended
December 31, 1995, we considered its internal
control structure, including procedures for
safeguarding securities, in order to determine our
auditing procedures for the purpose of expressing
our opinion on the financial statements and to
comply with the requirements of Form N-SAR, not to
provide assurance on the internal control
structure.
The management of The BlackRock Investment
Quality Term Trust Inc. is responsible for
establishing and maintaining an internal control
structure. In fulfilling this responsibility,
estimates and judgments by management are required
to assess the expected benefits and related costs
of internal control structure policies and
procedures. Two of the objectives of an internal
control structure are to provide management with
reasonable, but not absolute, assurance that
assets are safeguarded against loss from
unauthorized use or disposition and that
transactions are executed in accordance with
management's authorization and recorded properly
to permit preparation of financial statements in
conformity with generally accepted accounting
principles.
Because of inherent limitations in any internal
control structure, errors or irregularities may
occur and not be detected. Also, projection of
any evaluation of the structure to future periods
is subject to the risk that it may become
inadequate because of changes in conditions or
that the effectiveness of the design and operation
may deteriorate.
Our consideration of the internal control
structure would not necessarily disclose all
matters in the internal control structure that
might be material weaknesses under standards
established by the American Institute of Certified
Public Accountants. A material weakness is a
condition in which the design or operation of the
specific internal control structure elements does
not reduce to a relatively low level the risk that
errors or irregularities in amounts that would be
material in relation to the financial statements
being audited may occur and not be detected within
a timely period by employees in the normal course
of performing their assigned functions. However,
we noted no matters involving the internal control
structure, including procedures for safeguarding
securities, that we consider to be material
weaknesses as defined above as of December 31,
1995.
This report is intended solely for the information
and use of management and the Securities and
Exchange Commission.
Deloitte & Touche LLP
New York, New York
February 9, 1996
For fiscal year ended (a) December 31, 1994
File number (c) 811-6542
SUB-ITEM 77L
Changes in Accounting Principles and Practices
The BlackRock Investment Quality Term Trust
accounts for and reports distributions to
shareholders in accordance with Statement of
Position 93-2: Determination, Disclosure, and
Financial Statement Presentation of Income,
Capital Gain, and Return of Capital Distributions
by Investment Companies. The effect caused by
applying the statement during the fiscal year
ended December 31, 1994, was to decrease paid-in
capital and increase undistributed net investment
income by $21,076. Net investment income, net
realized gains, and net assets were not affected
by this change.
