SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Amendment No. 12)
Under the Securities and Exchange Act of 1934
BLACKROCK BROAD INVESTMENT GRADE 2009 TERM TRUST
BCT
(Name of Issuer)
Common Stock
(Title of Class of Securities)
09247Q106
(CUSIP Number)
George W. Karpus, President
Karpus Management, Inc. d/b/a
Karpus Investment Management
14 Tobey Village Office Park
Pittsford, New York 14534
(716) 586-4680
(Name, Address, and Telephone Number of Person Authorized to Receive Notices
and Communications)
January 8, 2001
(Date of Event which Requires Filing of this Statement)
If the person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D,
and is filing this schedule because of
Rule 13d-1 (b) (3) or (4), check the following box. [x]
(Page 1 of 4 pages)
There are no exhibits.
ITEM 1 Security and Issuer
Common Stock
BlackRock Broad Investment Grade 2009 Term Trust
BlackRock Financial Management L.P.
345 Park Ave., 31st Floor
New York, New York 10154
ITEM 2 Identity and Background
a) Karpus Management, Inc. d/b/a Karpus Investment Management
("KIM")
George W. Karpus, President, Director and Controlling Stockholder
JoAnn VanDegriff, Vice President and Director
Sophie Karpus, Director
b) 14 Tobey Village Office park
Pittsford, New York 14534
c) Principal business and occupation - Investment Management for
individuals, pension and profit sharing plans, corporations,
endowments, trust and others, specializing in conservative asset
management (i.e. fixed income investments).
d) None of George W. Karpus, JoAnn VanDegriff, or Sophie Karpus
("the Principals") or KIM has been convicted in the past five years of
any criminal proceeding (excluding traffic violations).
e) During the last five years none of the principals or KIM has been a
party to a civil proceeding as a result of which any of them
is subject to a judgment, decree or final order enjoining
future violations of or prohibiting or mandating activities
subject to, federal or state securities laws or finding any violation
with respect to such laws.
f) Each of the Principals is a United States citizen.
KIM is a New York corporation.
ITEM 3 Source and Amount of Funds or Other Considerations
KIM, an independent investment advisor, has accumulated shares of BCT
on behalf of accounts that are managed by KIM ("the Accounts") under
limited powers of attorney. All funds that have been utilized in making
such purchases are from such Accounts.
ITEM 4 Purpose of Transaction
KIM has purchased Shares for investment purposes. Being primarily a
fixed income manager, with a specialty focus in the closed end fund
sector, the profile of BCT fit the investment guidelines for various
Accounts. Shares have been acquired since March 2, 1995 at an initial
price of $10.625 per share.
ITEM 5 Interest in Securities of the Issuer
a) As of the date of this Report, KIM owns 169,000 shares, which
represents 5.72% of the outstanding Shares. None of the Principals
presently own shares.
b) KIM has the sole power to dispose of and to vote all of such Shares
under limited powers of attorney.
c) Open market purchases or sales for the past 30 days. There have
been no dispositions and no acquisitions, other than by such open
market purchases, during such period unless indicated.
DATE
SHARES
PRICE PER
DATE
SHARES
PRICE PER
SHARE
SHARE
11/6/00
-3100
12
12/1/00
-100
12.375
11/7/00
-800
12.125
12/4/00
-1000
12.375
11/16/00
-100
12.125
12/6/00
2000
12.1875
11/17/00
-150
12.125
12/6/00
400
12.125
11/28/00
-1200
12.375
12/7/00
-400
12.375
11/29/00
-700
12.375
12/8/00
-200
12.375
11/30/00
-100
12.375
12/11/00
-2000
12.375
12/12/00
-300
12.375
12/27/00
700
12.375
12/29/00
-500
12.875
The Accounts have the right to receive all dividends from, any proceeds
from the sale of the Shares. None of the Accounts has an interest in
shares constituting more than 5% of the Shares outstanding.
ITEM 6 Contracts, Arrangements, Understandings, or Relationships with Respect
to Securities of the Issuer.
Except as described above, there are no contracts, arrangements,
understandings or relationships of any kind among the Principals
and KIM and between any of them and any other person with
respect to any of BCT securities.
ITEM 7 Materials to be Filed as Exhibits
Not applicable.
Signature
After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement is true,
complete, and correct.
Karpus Management, Inc.
January 8, 2001 By: _____________________
Date Signature
Scott D. Nasca, Vice President
Name / Title
