<PAGE> PAGE 1
000 A000000 12/31/98
000 C000000 0000889127
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 2.2.a
000 J000000 A
001 A000000 THE BLACKROCK 2001 TERM TRUST INC.
001 B000000 811-6710
001 C000000 2127132848
002 A000000 1285 AVENUE OF THE AMERICAS
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10019
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
007 B000000 0
007 C010100 1
007 C010200 2
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A000001 BLACKROCK FINANCIAL MANAGEMENT INC.
008 B000001 A
008 C000001 801-032183
008 D010001 NEW YORK
008 D020001 NY
008 D030001 10154
010 A000001 MITCHELL HUTCHINS ASSET MANAGEMENT INC.
010 B000001 801-13219
010 C010001 NEW YORK
010 C020001 NY
010 C030001 10019
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 00000
011 A000003 KEMPER SECURITIES, INCORPORATED
011 B000003 8-00000
011 C010003 CHICAGO
011 C020003 IL
011 C030003 00000
011 A000004 KIDDER, PEABODY & CO., INCORPORATED
011 B000004 8-48310
011 C010004 NEW YORK
011 C020004 NY
011 C030004 00000
012 A000001 STATE STREET BANK AND TRUST COMPANY
012 B000001 85-05003
012 C010001 NORTH QUINCY
012 C020001 MA
012 C030001 02171
013 A000001 DELOITTE & TOUCHE LLP
013 B010001 NEW YORK
013 B020001 NY
013 B030001 10281
013 B040001 1434
014 A000001 PAINEWEBBER INCORPORATED
014 B000001 8-16267
015 A000001 STATE STREET BANK & TRUST COMPANY
015 B000001 C
015 C010001 NORTH QUINCY
015 C020001 MA
015 C030001 02171
015 E010001 X
018 000000 Y
019 A000000 Y
019 B000000 26
019 C000000 BLACKROCKF
020 C000001 0
020 C000002 0
020 C000003 0
020 C000004 0
020 C000005 0
020 C000006 0
020 C000007 0
020 C000008 0
020 C000009 0
020 C000010 0
021 000000 0
022 A000001 AUBREY G LANSTON & CO., INC.
022 B000001 00-0000000
022 C000001 672927
022 D000001 0
022 A000002 PAINEWEBBER INC.
022 B000002 13-2638166
<PAGE> PAGE 3
022 C000002 599592
022 D000002 0
022 A000003 PRUDENTIAL SECURITIES
022 B000003 00-0000000
022 C000003 218394
022 D000003 0
022 A000004 SALOMON BROTHERS INC.
022 B000004 13-1912900
022 C000004 201778
022 D000004 0
022 A000005 SHEARSON LEHMAN HUTTON
022 B000005 00-0000000
022 C000005 98311
022 D000005 0
022 A000006 NIKO SECURITITES
022 B000006 00-0000000
022 C000006 68329
022 D000006 0
022 A000007 STATE STREET SECURITIES
022 B000007 00-0000000
022 C000007 62090
022 D000007 0
022 A000008 SMITH BARNEY SHEARSON INC.
022 B000008 00-0000000
022 C000008 38076
022 D000008 0
022 A000009 AMHERST SECURITIES
022 B000009 00-0000000
022 C000009 390
022 D000009 0
022 C000010 0
022 D000010 0
023 C000000 1959887
023 D000000 15868
024 000000 N
025 D000001 0
025 D000002 0
025 D000003 0
025 D000004 0
025 D000005 0
025 D000006 0
025 D000007 0
025 D000008 0
026 A000000 N
026 B000000 N
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
<PAGE> PAGE 4
026 H000000 N
027 000000 N
028 A010000 0
028 A020000 0
028 A030000 0
028 A040000 0
028 B010000 0
028 B020000 0
028 B030000 0
028 B040000 0
028 C010000 0
028 C020000 0
028 C030000 0
028 C040000 0
028 D010000 0
028 D020000 0
028 D030000 0
028 D040000 0
028 E010000 0
028 E020000 0
028 E030000 0
028 E040000 0
028 F010000 0
028 F020000 0
028 F030000 0
028 F040000 0
028 G010000 0
028 G020000 0
028 G030000 0
028 G040000 0
028 H000000 0
030 A000000 0
030 B000000 0.00
030 C000000 0.00
031 A000000 0
031 B000000 0
032 000000 0
033 000000 0
035 000000 0
036 B000000 0
038 000000 0
042 A000000 0
042 B000000 0
042 C000000 0
042 D000000 0
042 E000000 0
042 F000000 0
042 G000000 0
042 H000000 0
043 000000 0
044 000000 0
<PAGE> PAGE 5
045 000000 Y
046 000000 N
047 000000 Y
048 000000 0.400
048 A010000 0
048 A020000 0.000
048 B010000 0
048 B020000 0.000
048 C010000 0
048 C020000 0.000
048 D010000 0
048 D020000 0.000
048 E010000 0
048 E020000 0.000
048 F010000 0
048 F020000 0.000
048 G010000 0
048 G020000 0.000
048 H010000 0
048 H020000 0.000
048 I010000 0
048 I020000 0.000
048 J010000 0
048 J020000 0.000
048 K010000 0
048 K020000 0.000
049 000000 N
050 000000 N
051 000000 N
052 000000 N
053 A000000 N
054 A000000 Y
054 B000000 Y
054 C000000 N
054 D000000 N
054 E000000 N
054 F000000 N
054 G000000 Y
054 H000000 Y
054 I000000 N
054 J000000 Y
054 K000000 N
054 L000000 N
054 M000000 Y
054 N000000 N
054 O000000 N
055 A000000 N
055 B000000 N
056 000000 Y
057 000000 N
058 A000000 N
<PAGE> PAGE 6
059 000000 Y
060 A000000 Y
060 B000000 Y
061 000000 0
062 A000000 Y
062 B000000 0.0
062 C000000 0.0
062 D000000 0.0
062 E000000 0.0
062 F000000 0.0
062 G000000 0.0
062 H000000 0.0
062 I000000 0.0
062 J000000 0.0
062 K000000 0.3
062 L000000 0.7
062 M000000 41.3
062 N000000 36.4
062 O000000 2.0
062 P000000 22.1
062 Q000000 23.5
062 R000000 0.0
063 A000000 0
063 B000000 4.4
064 A000000 Y
064 B000000 N
066 A000000 N
067 000000 N
068 A000000 N
068 B000000 N
069 000000 N
070 A010000 Y
070 A020000 N
070 B010000 N
070 B020000 N
070 C010000 Y
070 C020000 Y
070 D010000 Y
070 D020000 N
070 E010000 Y
070 E020000 Y
070 F010000 Y
070 F020000 N
070 G010000 Y
070 G020000 N
070 H010000 Y
070 H020000 N
070 I010000 N
070 I020000 N
070 J010000 Y
070 J020000 Y
<PAGE> PAGE 7
070 K010000 N
070 K020000 N
070 L010000 Y
070 L020000 Y
070 M010000 Y
070 M020000 N
070 N010000 Y
070 N020000 Y
070 O010000 Y
070 O020000 N
070 P010000 N
070 P020000 N
070 Q010000 Y
070 Q020000 Y
070 R010000 Y
070 R020000 Y
071 A000000 1682245
071 B000000 1414378
071 C000000 1599117
071 D000000 88
072 A000000 6
072 B000000 41446
072 C000000 0
072 D000000 0
072 E000000 0
072 F000000 2760
072 G000000 696
072 H000000 0
072 I000000 50
072 J000000 135
072 K000000 68
072 L000000 51
072 M000000 47
072 N000000 0
072 O000000 2890
072 P000000 0
072 Q000000 0
072 R000000 75
072 S000000 40
072 T000000 0
072 U000000 0
072 V000000 0
072 W000000 120
072 X000000 6932
072 Y000000 0
072 Z000000 34514
072AA000000 13420
072BB000000 0
072CC010000 0
072CC020000 1870
072DD010000 33102
<PAGE> PAGE 8
072DD020000 0
072EE000000 0
073 A010000 0.2300
073 A020000 0.0000
073 B000000 0.0000
073 C000000 0.0000
074 A000000 38
074 B000000 0
074 C000000 57334
074 D000000 1787516
074 E000000 0
074 F000000 0
074 G000000 0
074 H000000 0
074 I000000 0
074 J000000 203
074 K000000 0
074 L000000 13967
074 M000000 888
074 N000000 1859946
074 O000000 155196
074 P000000 585
074 Q000000 0
074 R010000 262094
074 R020000 57098
074 R030000 7105
074 R040000 13746
074 S000000 0
074 T000000 1364122
074 U010000 142011
074 U020000 0
074 V010000 9.61
074 V020000 0.00
074 W000000 0.0000
074 X000000 3782
074 Y000000 0
075 A000000 0
075 B000000 1364950
076 000000 9.00
077 A000000 N
078 000000 Y
079 010001 811-8453
079 020001 BLACKROCK 2001 TERM TRUST SUBSIDARY, INC.
080 C000000 0
081 B000000 0
082 B000000 0
083 A000000 N
083 B000000 0
084 A000000 N
084 B000000 0
085 A000000 N
<PAGE> PAGE 9
085 B000000 N
086 A010000 0
086 A020000 0
086 B010000 0
086 B020000 0
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
087 A010000 THE BLACKROCK 2001 TERM TRUST INC.
087 A020000 0924771084
087 A030000 BLK
088 A000000 N
088 B000000 N
088 C000000 N
088 D000000 N
SIGNATURE C. WILLIAM MAHER
TITLE ADMINISTRATOR
<TABLE> <S> <C>
<ARTICLE> 6
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1999
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 1769591087
<INVESTMENTS-AT-VALUE> 1787515995
<RECEIVABLES> 14169752
<ASSETS-OTHER> 58260051
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1859945798
<PAYABLE-FOR-SECURITIES> 155195718
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 340628530
<TOTAL-LIABILITIES> 495824248
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1336802285
<SHARES-COMMON-STOCK> 142010583
<SHARES-COMMON-PRIOR> 142010583
<ACCUMULATED-NII-CURRENT> 80956067
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (60050913)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 6414111
<NET-ASSETS> 1364121550
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 41446341
<OTHER-INCOME> 0
<EXPENSES-NET> 6932543
<NET-INVESTMENT-INCOME> 34513798
<REALIZED-GAINS-CURRENT> 13420124
<APPREC-INCREASE-CURRENT> (1869934)
<NET-CHANGE-FROM-OPS> 46063988
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 33102443
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 12961545
<ACCUMULATED-NII-PRIOR> 59294517
<ACCUMULATED-GAINS-PRIOR> (67209795)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2759929
<INTEREST-EXPENSE> 7717152
<GROSS-EXPENSE> 14649695
<AVERAGE-NET-ASSETS> 1364950106
<PER-SHARE-NAV-BEGIN> 9.51
<PER-SHARE-NII> 0.24
<PER-SHARE-GAIN-APPREC> 0.09
<PER-SHARE-DIVIDEND> 0.33
<PER-SHARE-DISTRIBUTIONS> (0.23)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.61
<EXPENSE-RATIO> .59
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
