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<PAGE> PAGE 2
011 C020002 MO
011 C030002 63103
011 A000003 KIDDER PEABODY AND CO. INC.
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<PAGE> PAGE 3
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<PAGE> PAGE 5
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SIGNATURE HENRY GABBAY
TITLE TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000893731
<NAME> THE BLACKROCK 1999 TERM TRUST INC.
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 294,134,598
<INVESTMENTS-AT-VALUE> 293,937,938
<RECEIVABLES> 3,709,102
<ASSETS-OTHER> 7,406,026
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 305,053,066
<PAYABLE-FOR-SECURITIES> 3,000,000
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 101,740,261
<TOTAL-LIABILITIES> 104,740,261
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 203,244,648
<SHARES-COMMON-STOCK> 21,610,583
<SHARES-COMMON-PRIOR> 21,610,583
<ACCUMULATED-NII-CURRENT> 4,997,850
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (6,909,811)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (1,019,882)
<NET-ASSETS> 200,312,805
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 15,282,859
<OTHER-INCOME> 0
<EXPENSES-NET> 1,560,201
<NET-INVESTMENT-INCOME> 13,722,658
<REALIZED-GAINS-CURRENT> (158,034)
<APPREC-INCREASE-CURRENT> 16,715,341
<NET-CHANGE-FROM-OPS> 30,279,965
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (11,886,169)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
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<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 773,497
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,560,201
<AVERAGE-NET-ASSETS> 192,717,000
<PER-SHARE-NAV-BEGIN> 8.42
<PER-SHARE-NII> 1.40
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<PER-SHARE-DIVIDEND> (0.55)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 9.27
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</TABLE>
The Shareholders and Board of Directors of
The BlackRock 1999 Term Trust Inc.:
In planning and performing our audit of the financial statements of The
BlackRock 1999 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 1999 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 the year ended (a) 12/31/95
File # 811-7312
SUB _ ITEM 77J
Reclassification of Capital Accounts
The Trust accounts for and reports distributions to
shareholders in accordance with the A.I.C.P.A.'s 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 this statement was to decrease
paid-in capital and increase undistributed net investment
income by $130,730 due to certain expenses not being
deducted for tax purposes. Net investment income, net
realized gains and net assets were not affected by this
change.
For the year ended (a) 5/31/95
File # 811-3264
SUB _ ITEM 77J
Reclassification of Capital Accounts
Reclassification of Capital Accounts: The
Fund accounts and reports for distributions
to shareholders in accordance with A.I.C.P.A.
Statement of Position 93-2; Determination,
Disclosure, and Financial Statement
Presentation of Income, Capital Gain, and
Return of Capital Distributions by Investment
Companies. For the Intermediate Term Series,
the effect of applying this statement was to
increase undistributed net investment income
and increase accumulated net realized losses
by $92,902 for market discount recognized on
securities sold. Current year net investment
income, net realized losses and net assets
were not affected by this change.
