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SIGNATURE C. WILLIAM MAHER
TITLE ADMINISTRATOR
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<S> <C>
<PERIOD-TYPE> 12-MOS
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INDEPENDENT AUDITORS' REPORT
To the Shareholders and Board of Directors of
The BlackRock 2001 Term Trust Inc.:
In planning and performing our audit of the financial statements of
The BlackRock 2001 Term Trust Inc. (the "Fund") for the year ended
June 30, 1998 (on which we have issued our report dated August 1, 1998),
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 Fund's internal control.
The management of the Fund 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, errors or fraud
may occur and not be detected. Also, projection of any evaluation of
internal control 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 Fund'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 errors 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 Fund's internal control and its operation,
including controls for safeguarding securities, that we consider to
be material weaknesses as defined above as of June 30, 1998.
This report is intended solely for the information and use of management,
the Board of Directors of The BlackRock 2001 Term Trust Inc., and the
Securities and Exchange Commission.
DELOITTE & TOUCHE LLP
August 1, 1998
Boston, Massachusetts
