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SIGNATURE OTHNEIL ROSE
TITLE TECHNICAL
INDEPENDENT AUDITORS' REPORT
To the Board of Directors and Shareholders 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. (the "Trust") for the year
ended December 31, 1999 (on which we have issued
our report dated February 11, 2000), we considered
its internal control, including control activities
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,
and not to provide assurance on the Trust's
internal control.
The management of the Trust is responsible for
establishing and maintaining internal control. In
fulfilling this responsibility, estimates and
judgments by management are required to assess the
expected benefits and related costs of controls.
Generally, controls that are relevant to an audit
pertain to the entity's objective of preparing
financial statements for external purposes that are
fairly presented in conformity with generally
accepted accounting principles. Those controls
include the safeguarding of assets against
unauthorized acquisition, use or disposition.
Because of inherent limitations in any internal
control, misstatements due to error or fraud may
occur and not be detected. Also, projections of
any evaluation of internal control to future
periods are subject to the risk that the internal
control may become inadequate because of changes in
conditions, or that the degree of compliance with
policies or procedures may deteriorate.
Our consideration of the Trust's internal control
would not necessarily disclose all matters in
internal control 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 one or more of the internal
control components does not reduce to a relatively
low level the risk that misstatements caused by
error or fraud 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 Trust's internal
control and its operation, including controls for
safeguarding securities, that we consider to be
material weaknesses as defined above as of December
31, 1999.
This report is intended solely for the information
and use of management, the Board of Directors of
The BlackRock Investment Quality Term Trust Inc.,
and the Securities and Exchange Commission, and is
not intended to be and should not be used by anyone
other than these specified parties.
Deloitte & Touche LLP
New York, New York
February 11, 2000
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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