UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number:__811-07250______

_______BlackRock Broad Investment Grade 2009 Term Trust, Inc. _______
(Exact name of registrant as specified in charter)

100 Bellevue Parkway, Wilmington, DE
19809
(Address of principal executive offices)
(Zip code)
     

 

Robert S. Kapito, President

BlackRock Broad Investment Grade 2009 Term Trust, Inc.

__________40 East 52nd Street, New York, NY 10022__________
(Name and address of agent for service)

Registrant's telephone number, including area code:_888-825-2257__________________

Date of fiscal year end: October 31, 2005

Date of reporting period:__January 31, 2005_________________________________

Item 1. Schedule of Investments.

The registrant’s unaudited schedule of investments as of the close of the reporting period pursuant to Rule 30b1-5 under the Investment Company Act of 1940 is as follows:

 

PORTFOLIO OF INVESTMENTS (unaudited)
JANUARY 31, 2005

BlackRock Broad Investment Grade 2009 Term Trust Inc. (BCT)

Principal
   
Amount
   
Rating1
(000)
Description
Value   
  
    LONG-TERM INVESTMENTS—132.3%    
      Mortgage Pass-Through Securities—1.3%    
      Federal National Mortgage Assoc.,  
  $ 553        5.50%, 1/01/17 - 2/01/17 $    571,152  
  16        6.50%, 7/01/29 17,140  
      Total Mortgage Pass-Through Securities 588,292  
      Agency Multiple Class Mortgage Pass-Through Securities—15.0%  
      Federal Home Loan Mortgage Corp.,  
  2,168        Ser. 1510, Class G, 7.05%, 5/15/13 2,281,560  
  54        Ser. 1512, Class H, 6.50%, 2/15/08 54,695  
  400        Ser. 1534, Class IG, 5.00%, 2/15/10 402,237  
  2,000        Ser. 1598, Class J, 6.50%, 10/15/08 2,110,320  
  137        Ser. 2534, Class NG, 4.50%, 3/15/22 136,822  
  5        Ser. 2822, Class WZ, 5.00%, 7/15/19 5,206  
      Federal National Mortgage Assoc.,  
  93        Ser. 13, Class SJ, 8.75%, 2/25/09 94,504  
  100        Ser. 22, Class GN, 6.50%, 8/25/31 102,800  
  59        Ser. 43, Class E, 7.50%, 4/25/22 60,772  
  1,000        Ser. 49, Class H, 7.00%, 4/25/13 1,071,100  
  315        Ser. 214, Class SK, 10.00%, 12/25/08 335,311  
  283   Government National Mortgage Assoc., Remic Trust 2000, Class 16, 3.13%, 12/16/27 284,366  
      Total Agency Multiple Class Mortgage Pass-Through Securities 6,939,693  
      Inverse Floating Rate Mortgage Securities —4.6%  
AAA 267   Citicorp Mortgage Securities, Inc., Ser. 14, Class A-4, 17.668%, 11/25/23 266,890  
      Federal Home Loan Mortgage Corp.,  
  336        Ser. 1425, Class SB, 17.959%, 12/15/07 383,280  
  66        Ser. 1506, Class S, 16.31%, 5/15/08 73,897  
  106        Ser. 1515, Class S, 16.639%, 5/15/08 121,450  
  69        Ser. 1618, Class SA, 8.25%, 11/15/08 69,328  
  28        Ser. 1621, Class SH, 10.143%, 11/15/22 28,450  
  73        Ser. 1661, Class SB, 16.494%, 1/15/09 80,800  
  247        Ser. 1688, Class S, 10.183%, 12/15/13 257,772  
      Federal National Mortgage Assoc.,  
  244        Ser. 187, Class SB, 19.479%, 10/25/07 276,286  
  123        Ser. 190, Class S, 18.12%, 11/25/07 137,251  
  169        Ser. 191, Class SD, 12.978%, 10/25/08 179,385  
  227        Ser. 214, Class SH, 11.76%, 12/25/08 231,906  
      Total Inverse Floating Rate Mortgage Securities 2,106,695  
      Interest Only Mortgage-Backed Securities—8.8%  
      Federal Home Loan Mortgage Corp.,  
  153        Ser. 65, Class I, 8/15/20 1,952  
  50        Ser. 141, Class H, 5/15/21 661  
  93        Ser. 1114, Class J, 7/15/06 1,621  
  33        Ser. 1285, Class M, 5/15/07 573  
  620        Ser. 1645, Class IB, 9/15/08 35,183  
  1,970        Ser. 2523, Class EH, 4/15/20 255,363  
  1,669        Ser. 2543, Class IJ, 10/15/12 89,554  
  1,570        Ser. 2543, Class IM, 9/15/12 71,175  
  5,419        Ser. 2572, Class IT, 5/15/19 114,169  
  3,252        Ser. 2633, Class PI, 3/15/12 155,107  
  3,813        Ser. 2672, Class TP, 9/15/16 148,001  
  5,605        Ser. 2739, Class PI, 3/15/22 674,137  
  2,550        Ser. 2775 Class UB, 12/15/17 194,106  

1

BlackRock Broad Investment Grade 2009 Term Trust Inc. (BCT) (continued)

Principal
   
Amount
   
Rating1
(000)
Description
Value   
  
    Interest Only Mortgage-Backed Securities—(continued)  
      Federal National Mortgage Assoc.,  
  $ 296        Ser. 8, Class HA, 1/25/08 $     37,511  
  3,000        Ser. 13, Class IG, 10/25/22 249,540  
  306        Ser. 20, Class SL, 9/25/08 50,164  
  17        Ser. 39, Class PE, 1/25/23 167  
  802        Ser. 49, Class L, 4/25/13 63,813  
  657        Ser. 51, Class K, 4/25/07 54,139  
  431        Ser. 69, Class AZ, 6/25/19 431,280  
  12,992        Ser. 70, Class ID, 4/25/22 1,303,227  
  62        Ser. 72, Class H, 7/25/06 4,986  
  1,368        Ser. 82, Class IR, 9/25/12 68,518  
  139        Ser. 194, Class PV, 6/25/08 3,379  
  446        Ser. 208, Class S, 2/25/23 11,858  
  154        Ser. 223, Class PT, 10/25/23 14,144  
  5        Ser. G-21, Class L, 7/25/21 7,706  
  15   PNC Mortgage Securities Corp., Ser. 8, Class 4-X, 10/25/28 653  
  21,782   Vendee Mortgage Trust, Ser. 1, 10/15/31 26,574  
      Total Interest Only Mortgage-Backed Securities 4,069,261  
      Collateralized Mortgage Obligation Residuals—0.1%    
  5   Federal National Mortgage Assoc., Ser. 174, Class S, 9/25/22 19,499  
      Principal Only Mortgage-Backed Securities—0.1%    
Aaa 38   Salomon Brothers Mortgage Securities, Inc. VI, Ser. 3, Class A, 10/23/17 34,981  
      Commercial Mortgage-Backed Securities—1.6%    
AAA 700 2 New York City Mortgage Loan Trust, Multi-Family, Class A2, 6.75%, 6/25/11 737,520  
      Asset-Backed Securities—0.0%    
NR 235 2,3,4 Global Rated Eligible Asset Trust, Ser. A, Class 1, 7.33%, 9/15/07 2,351  
      Structured Mortgage Asset Residential Trust,    
NR 569 3,4      Ser. 2, 8.24%, 3/15/06 2,843  
NR 630 3,4      Ser. 3, 8.724%, 4/15/06 3,150  
      Total Asset-Backed Securities 8,344  
         
      CORPORATE BONDS—8.7%  
      Basic Materials—2.6%    
A+ 1,000   Dow Capital BV, 9.20%, 6/01/10 (Netherlands) 1,210,330  
      Energy—1.1%    
BBB+ 500 2 Israel Electric Corp., Ltd., 7.25%, 12/15/06 (Israel) 529,340  
      Financial Institutions—3.7%    
AA- 1,000 5 Morgan Stanley Group, Inc., 10.00%, 6/15/08 1,184,330  
AA+ 500   UBS PaineWebber Group, Inc., 8.875%, 3/15/05 503,145  
        1,687,475  
      Telecommunications—1.1%    
A 500   ALLTEL Corp., 7.50%, 3/01/06 521,580  
      Transportation—0.2%    
CCC 100   American Airlines, Inc., 10.44%, 3/04/07 83,625  
      Total Corporate Bonds 4,032,350  

2

BlackRock Broad Investment Grade 2009 Term Trust Inc. (BCT) (continued)

Principal
   
Amount
   
Rating1
(000)
Description
Value   
  
    U.S. Government and Agency Securities—84.9%  
  $ 206   Small Business Investment Companies, Ser. P10A, Class 1, 6.12%, 2/01/08 $     214,159  
  27,000 5 U.S. Treasury Bond, zero coupon, 11/15/09 22,519,728  
      U.S. Treasury Notes,  
  3,200 5      3.50%, 11/15/06 3,215,001  
  7,000        4.375%, 8/15/12 7,185,920  
  1,700        5.75%, 11/15/05 1,737,254  
  3,550        6.00%, 8/15/09 3,896,679  
  385        6.625%, 5/15/07 412,822  
      Total U.S. Government and Agency Securities 39,181,563  
     
      Taxable Municipal Bonds—7.2%    
AAA 500   Fresno California Pension Oblig., 7.80%, 6/01/14 618,485  
AAA 500   Kern County California Pension Oblig., 6.98%, 8/15/09 558,355  
      Los Angeles Cnty. California Pension Oblig.,  
AAA 1,000        Ser. A, 8.62%, 6/30/06 1,072,290  
AAA 500        Ser. D, 6.97%, 6/30/08 546,855  
AAA 500   Orleans Parish Louisiana School Board, Ser. A, 6.60%, 2/01/08 540,745  
      Total Taxable Municipal Bonds 3,336,730  
      Total Long-Term Investments (cost $59,610,668) 61,054,928  
      SHORT-TERM INVESTMENTS—6.7%  
      U.S. Government and Agency Bonds—6.7%    
  3,100   Federal Home Loan Bank, zero coupon, 2/01/05 (cost $3,100,000) 3,100,000  
      Total investments — 139.0% (cost $62,710,668) $ 64,154,928  
      Liabilities in excess of other assets—(39.0)% (17,993,842)  
      Net Assets—100% $46,161,086  

 

1   Using the higher of Standard & Poor’s, Moody’s Investors Service or Fitch’s Ratings.
2   Security is not registered under the Securities Act of 1933. These securities may be resold in transactions in accordance with Rule 144A under that Act, to qualified institutional buyers. As of January 31, 2005, the Trust held 2.8% of its net assets, with a current market value of $1,269,211, in securities restricted as to resale.
3   Security is fair valued.
4   Illiquid securities representing 0.02% of net assets.
5   Entire of partial principal amount pledged as collateral for reverse repurchase agreements or financial futures contracts.
 
    A category in the Corporate Bonds section may contain multiple industries as defined by the SEC’s Standard Industry Codes.

3

 

Item 2. Controls and Procedures.

(a) The registrant's principal executive officer and principal financial officer have evaluated the registrant's disclosure controls and procedures within 90 days of this filing and have concluded that the registrant’s disclosure controls and procedures are effective, as of that date, in ensuring that information required to be disclosed by the registrant in this Form N-Q was recorded, processed, summarized, and reported timely.

(b) The registrant's principal executive officer and principal financial officer are aware of no changes in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting.

Item 3. Exhibits.

Separate certifications of the registrant’s principal executive and financial officers pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 are attached as EX-99.CERT.

SIGNATURES

          Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

(Registrant)___BlackRock Broad Investment Grade 2009 Term Trust, Inc.___

By:    /s/ Henry Gabbay                                                                                                            
Name: Henry Gabbay
Title: Treasurer
Date: April 1, 2005

          Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By:    /s/ Robert S. Kapito                                                                                                        
Name: Robert S. Kapito
Title: Principal Executive Officer
Date: April 1, 2005

By:    /s/ Henry Gabbay                                                                                                             
Name: Henry Gabbay
Title: Principal Financial Officer
Date: April 1, 2005