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008 D030001 10154
010 A000001 PRUDENTIAL MUTUAL FUND MANAGEMENT, INC.
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<PAGE> PAGE 2
011 C020002 MO
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011 A000003 KIDDER PEABODY & CO., INC.
011 B000003 8-4831
011 C010003 NEW YORK
011 C020003 NY
011 C030003 10005
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011 A000005 COWEN & COMPANY
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011 C010006 NEW YORK
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022 A000002 JOHN HANCOCK
022 B000002 0612462770
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<PAGE> PAGE 10
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SIGNATURE HENRY GABBAY
TITLE TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000902731
<NAME> THE BLACK ROCK NEW JERSEY INVESTMENT QUALITY MUNICIPAL TR
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> OCT-31-1995
<PERIOD-END> OCT-31-1995
<INVESTMENTS-AT-COST> 19,237,010
<INVESTMENTS-AT-VALUE> 19,841,147
<RECEIVABLES> 834,232
<ASSETS-OTHER> 1,440,773
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 22,116,152
<PAYABLE-FOR-SECURITIES> 1,034,989
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 24,695
<TOTAL-LIABILITIES> 1,059,684
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 13,917,530
<SHARES-COMMON-STOCK> 1,007,093
<SHARES-COMMON-PRIOR> 1,007,093
<ACCUMULATED-NII-CURRENT> 15,340
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (980,539)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 604,137
<NET-ASSETS> 13,556,468
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1,188,534
<OTHER-INCOME> 0
<EXPENSES-NET> 195,594
<NET-INVESTMENT-INCOME> 992,940
<REALIZED-GAINS-CURRENT> (280,721)
<APPREC-INCREASE-CURRENT> 2,381,807
<NET-CHANGE-FROM-OPS> 3,094,026
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1,061,738)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 2,032,288
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (689,535)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 88,084
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 195,594
<AVERAGE-NET-ASSETS> 12,580,000
<PER-SHARE-NAV-BEGIN> 11.44
<PER-SHARE-NII> 0.99
<PER-SHARE-GAIN-APPREC> 2.09
<PER-SHARE-DIVIDEND> (1.06)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 13.46
<EXPENSE-RATIO> 1.55
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.00
</TABLE>
For fiscal period ended (b) October 31, 1995
File number 811-7670
SUB-ITEM 77C
Submission of Matters to a Vote of Security Holders
The Annual Meeting of Stockholders was held on May 16, 1995. At such
meeting the Stockholders elected Directors and ratified the selection of
independent accountants and voted on a proposal to split each share of the
Trust's Auction Rate Municipal Preferred Stock into two shares and
simultaneously reduce each share's liquidation preference, as provided in the
Trust's Articles Supplementary, from $50,000 to $25,000 as follows:
Affirmative Negative
votes cast votes cast
Common & Preferred 662,914 14,392
Preferred 150 0
[nsar]br-595.shv[rnj]
REPORT OF INDEPENDENT AUDITORS
The Shareholders and Board of Directors of
The BlackRock New Jersey Investment Quality Municipal Trust
Inc.:
In planning and performing our audit of the financial
statements of The BlackRock New Jersey Investment Quality
Municipal Trust Inc. (the "Trust") for the year ended
October 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 Trust 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 October 31, 1995.
This report is intended solely for the information and use
of the Board of Directors, management and the Securities and
Exchange Commission.
December 8, 1995
