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UNITEDSTATES
SECURITIESANDEXCHANGECOMMISSION
Washington,D.C.20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number 811-09401

Name of Fund: The BlackRock Strategic Municipal Trust (BSD)

Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809

Name and address of agent for service: Anne F. Ackerley, Chief Executive Officer, The BlackRock
Strategic Municipal Trust, 40 East 52nd Street, New York, NY 10022.

Registrant’s telephone number, including area code: (800) 882-0052, Option 4

Date of fiscal year end: 04/30/2010

Date of reporting period: 07/31/2009

Item 1 – Schedule of Investments

BlackRock Strategic Municipal Trust         
Schedule of Investments July 31, 2009 (Unaudited)    (Percentages shown are based on Net Assets) 
           Par   
 State    Municipal Bonds      (000)  Value 
 Alabama - 3.3%  Courtland Industrial Development Board, Alabama, RB,     
Champion International Corp. Project, Series A, AMT, 6.70%,
    11/01/29      $ 3,000  $ 2,752,740 
 Arizona - 3.5%  Salt Verde Financial Corp., RB, Senior, 5.00%, 12/01/32  1,455  1,144,940 
    Salt Verde Financial Corp., RB, Senior, 5.00%, 12/01/37  1,320  1,004,282 
    San Luis Facility Development Corp., RB, Senior Lien     
    Project, Regional Detention Center, 6.25%, 5/01/15  210  189,706 
    San Luis Facility Development Corp., RB, Senior Lien     
    Project, Regional Detention Center, 7.00%, 5/01/20  210  187,368 
    San Luis Facility Development Corp., RB, Senior Lien     
    Project, Regional Detention Center, 7.25%, 5/01/27  420  362,989 
            2,889,285 
 California - 16.2%  California County Tobacco Securitization Agency, RB, CAB,     
    Stanislaus, Sub-Series C, 6.30%, 6/01/55 (a)  3,095  27,576 
Los Angeles Unified School District, California, GO, Series D,
    5.00%, 7/01/26      1,585  1,593,559 
    State of California, GO, Various Purpose, 6.50%, 4/01/33  650  702,728 
    State of California, GO, Various Purpose (CIFG), 5.00%,     
    3/01/33      5,000  4,652,950 
    University of California, RB, Limited Project, Series B,     
    4.75%, 5/15/38      1,835  1,722,698 
    West Valley-Mission Community College District, GO,     
    Election of 2004, Series A (FSA), 4.75%, 8/01/30  4,900  4,668,377 
            13,367,888 
 Colorado - 5.6%  City of Colorado Springs Colorado, RB, Subordinate Lien,     
    Improvement, Series C (FSA), 5.00%, 11/15/45  395  384,651 
    Colorado Health Facilities Authority, RB, Series C (FSA),     
    5.25%, 3/01/40      850  830,101 
Northwest Parkway Public Highway Authority, Colorado, RB,
    CAB, Senior, Series B (FSA), 6.30%, 6/15/11 (a)(b)  10,000  3,036,600 
Park Creek Metropolitan District, Colorado, Refunding RB,
    Senior, Limited Tax Property Tax, 5.50%, 12/01/37  440  365,156 
            4,616,508 
 Connecticut - 5.0%  Mashantucket Western Pequot Tribe, RB, Sub-Series A,     
    5.50%, 9/01/28 (c)      1,500  797,130 
    Mashantucket Western Pequot Tribe, RB, Sub-Series B,     
    5.75%, 9/01/27 (c)      6,000  3,344,160 
            4,141,290 
Portfolio Abbreviations           
To simplify the listings of portfolio holdings in the Schedule of Investments, the names and descriptions of many of   
the securities have been abbreviated according to the following list.     
 AGC  Assured Guaranty Corp.    GO   General Obligation Bonds     
 AMBAC  American Municipal Bond Assurance Corp.  HDA  Housing Development Authority     
 AMT  Alternative Minimum Tax (subject to)  HFA  Housing Finance Agency     
 ARB  Airport Revenue Bonds    IDA  Industrial Development Authority     
 CAB  Capital Appreciation Bonds  ISD  Independent School District     
 CIFG  CDC IXIS Financial Guaranty  MBIA  Municipal Bond Investors Assurance (National Public   
 CP  Commercial Paper      Finance Guaranty Corp.)     
 EDA  Economic Development Authority  RB  Revenue Bonds     
 FSA  Financial Security Assurance Inc.  ROLS  Reset Option Long Securities     
 GNMA  Government National Mortgage Association  TAN  Tax Anticipation Notes     

1

BlackRock Strategic Municipal Trust       
Schedule of Investments July 31, 2009 (Unaudited)  (Percentages shown are based on Net Assets) 
       Par   
 State  Municipal Bonds    (000)  Value 
 Florida - 11.1%  Arborwood Community Development District, Special     
Assessment, Master Infrastructure Projects, Series B, 5.10%,
  5/01/14    $ 1,535  $ 1,077,171 
County of Orange Florida, Refunding RB (Syncora), 4.75%,
  10/01/32    2,640  2,395,087 
  Halifax Hospital Medical Center, RB, Refunding &     
  Improvement, Series A, 5.00%, 6/01/38    1,050  820,018 
Hillsborough County IDA, RB, National Gypsum, Series A,
  AMT, 7.13%, 4/01/30    3,300  1,850,211 
Jacksonville Health Facilities Authority, RB, Baptist Medical
  Center Project, Series A, 5.00%, 8/15/37    715  639,839 
  Miami Beach Health Facilities Authority, Refunding RB,     
  Mount Sinai Medical Center Florida, 6.75%, 11/15/21  1,580  1,334,152 
Sumter Landing Community Development District, Florida,
  RB, Sub-Series Series B, 5.70%, 10/01/38    1,585  1,015,605 
        9,132,083 
 Guam - 1.3%  Territory of Guam, GO, Series A, 5.75%, 11/15/14  160  158,878 
  Territory of Guam, GO, Series A, 6.00%, 11/15/19  200  196,120 
  Territory of Guam, GO, Series A, 6.75%, 11/15/29  355  354,872 
  Territory of Guam, GO, Series A, 7.00%, 11/15/39  365  363,580 
        1,073,450 
 Illinois - 7.4%  CenterPoint Intermodal Center Program Trust, TAN, 8.00%,     
  6/15/23 (c)    850  442,255 
Illinois Educational Facilities Authority, RB, Northwestern
  University, 5.00%, 12/01/33    5,000  5,057,850 
  Illinois Finance Authority, RB, Friendship Village     
  Schaumburg, Series A, 5.63%, 2/15/37    295  196,735 
Illinois Finance Authority, RB, MJH Education Assistance IV,
  Sub-Series B, 5.38%, 6/01/35 (d)(e)    300  29,475 
  Illinois Finance Authority, RB, Monarch Landing Inc.     
  Facilities, Series A, 7.00%, 12/01/37    575  325,467 
        6,051,782 
 Indiana - 0.4%  Indiana Municipal Power Agency, Indiana, RB, Indiana Muni     
  Power Agency Series B, 6.00%, 1/01/39    350  363,492 
 Kentucky - 7.3%  Kentucky Economic Development Finance Authority, Kentucky,     
  RB, Norton Healthcare Inc., Series B (MBIA), 6.20%,     
  10/01/24 (a)    17,480  6,033,572 
 Maryland - 2.6%  Maryland Community Development Administration, RB,     
  Residential, Series A, AMT, 4.70%, 9/01/37    2,500  2,158,350 
 Michigan - 0.7%  Michigan State Hospital Finance Authority, Michigan,     
Refunding, RB, Henry Ford Health System, Series A, 5.25%,
  11/15/46    730  554,647 
 Missouri - 4.5%  Missouri Housing Development Commission, RB,     
Homeownership Loan Program, Series B-1 (GNMA), AMT,
  5.05%, 3/01/38    1,880  1,881,354 
Missouri Joint Municipal Electric Utility Commission, RB,
  Plum Point Project (MBIA), 4.60%, 1/01/36    2,385  1,795,046 
        3,676,400 
 Multi-State - 6.5%  Charter Mac Equity Issuer Trust, 7.60%, 11/30/50 (c)(f)  2,000  2,085,800 
  MuniMae TE Bond Subsidiary LLC, 6.88%, 6/30/49 (c)(f)  4,000  3,239,920 
        5,325,720 

2

BlackRock Strategic Municipal Trust       
Schedule of Investments July 31, 2009 (Unaudited)  (Percentages shown are based on Net Assets) 
      Par   
 State  Municipal Bonds    (000)  Value 
 Nevada - 1.0%  County of Clark Nevada, Refunding RB, Alexander Dawson     
  School, Nevada Project, 5.00%, 5/15/29    $ 905  $ 848,691 
 New Jersey - 4.6%  Middlesex County Improvement Authority, RB, Sub, Heldrich     
  Center Hotel, Series B, 6.25%, 1/01/37    645  328,860 
  New Jersey EDA, RB, Cigarette Tax, 5.50%, 6/15/24  2,480  2,120,946 
New Jersey State Turnpike Authority, RB, Series E, 5.25%,
  1/01/40    1,355  1,357,927 
        3,807,733 
 New York - 4.3%  Albany Industrial Development Agency, RB, New Covenant     
  Charter School Project, Series A, 7.00%, 5/01/35  315  196,377 
New York City Industrial Development Agency, RB, American
  Airlines, JFK International Airport, AMT, 7.75%, 8/01/31  4,395  3,365,691 
        3,562,068 
 Ohio - 1.5%  Buckeye Tobacco Settlement Financing Authority, RB, Asset     
  Backed, Senior, Turbo, Series A-2, 6.50%, 6/01/47  1,880  1,195,699 
 Oklahoma - 1.2%  Tulsa Municipal Airport Trust Trustees, Oklahoma, Refunding RB,     
  Series A Remarketed, AMT, 7.75%, 6/01/35    1,225  1,005,603 
 Pennsylvania - 10.3%  Allegheny County Hospital Development Authority, RB,     
  Health System, West Penn, Series A, 5.00%, 11/15/13  1,750  1,574,055 
Pennsylvania Economic Development Financing Authority,
  RB, Amtrak Project, Series A, AMT, 6.50%, 11/01/16  1,000  996,450 
Pennsylvania Economic Development Financing Authority,
  RB, Amtrak Project, Series A, AMT, 6.13%, 11/01/21  700  640,927 
Pennsylvania Economic Development Financing Authority,
  RB, Amtrak Project, Series A, AMT, 6.25%, 11/01/31  1,000  892,020 
  Pennsylvania Economic Development Financing Authority, RB,     
  Reliant Energy, Series A-12-22-04, AMT, 6.75%, 12/01/36  2,000  1,856,520 
  Pennsylvania HFA, RB, Series 97A, AMT, 4.60%, 10/01/27  420  375,115 
Pennsylvania Turnpike Commission, RB, Sub-Series B, 5.25%,
  6/01/39    2,175  2,101,115 
        8,436,202 
 Puerto Rico - 2.3%  Puerto Rico Sales Tax Financing Corp., RB, First     
  Sub-Series A, 6.50%, 8/01/44    1,770  1,853,456 
 South Carolina - 3.6%  South Carolina Jobs-EDA, RB, Palmetto Health, C, 7.00%,     
  8/01/13 (b)    2,225  2,607,300 
South Carolina Jobs-EDA, RB, Refunded Balance, Palmetto
  Health, C, 7.00%, 8/01/13 (b)    275  325,476 
        2,932,776 
 South Dakota - 1.0%  South Dakota Health & Educational Facilities Authority,     
  South Dakota, RB, Sanford Health, 5.00%, 11/01/40  910  795,995 
 Tennessee - 2.4%  Memphis-Shelby County Airport Authority, RB, Series D     
  (AMBAC), AMT, 6.00%, 3/01/24    2,000  2,007,940 
 Texas - 17.0%  Brazos River Authority, Refunding, RB, TXU Electric     
  Company Project, Series C, AMT, 5.75%, 5/01/36  730  565,918 
  Brazos River Authority, Refunding, RB, TXU Electric,     
  Series A, Remarketed, AMT, 8.25%, 10/01/30    730  357,700 
City of Houston Texas, Refunding RB, Combined, First Lien,
  Series A (AGC), 6.00%, 11/15/35    2,730  2,999,151 
Harris County-Houston Sports Authority, Refunding RB, CAB,
  Senior Lien, Series A (MBIA), 6.17%, 11/15/38 (a)  4,750  500,840 
Houston Texas Airport Systems Revenue, ARB, Refunding,
  Senior Lien, Series A, 5.50%, 7/01/39    485  475,557 

3

BlackRock Strategic Municipal Trust       
Schedule of Investments July 31, 2009 (Unaudited)  (Percentages shown are based on Net Assets) 
       Par   
 State  Municipal Bonds    (000)     Value 
  La Joya, ISD, Texas, GO, 5.00%, 2/15/34    $ 4,060  $ 4,086,106 
North Texas Tollway Authority, Refunding RB, Toll 2nd Tier,
  Series F, 6.13%, 1/01/31    1,025  1,032,759 
State of Texas, GO, Refunding, Water Financial Assistance,
  5.75%, 8/01/22    500  515,350 
Texas State Turnpike Authority, RB, CAB (AMBAC), 6.05%,
  8/15/31 (a)    15,000  3,421,350 
        13,954,731 
 Washington - 1.7%  County of King Washington, Refunding RB (FSA), 5.00%,     
  1/01/36    620  619,070 
Washington Health Care Facilities Authority, Washington,
RB, Providence Health Care Services, Series A (MBIA), 4.63%,
  10/01/34    915  808,229 
        1,427,299 
 Wisconsin - 5.2%  Wisconsin Health & Educational Facilities Authority, RB,     
  Ascension Health Senior Credit, Series A, 5.00%, 11/15/31  4,330  4,289,471 
  Total Municipal Bonds - 131.5%      108,254,871 
  Municipal Bonds Transferred to       
  Tender Option Bond Trusts (g)       
 Alabama - 0.9%  Alabama Special Care Facilities Financing Authority,     
Refunding, RB, Ascension Health, Senior Credit, Series C2,
  5.00%, 11/15/36    760  732,242 
 California - 2.6%  California Educational Facilities Authority, RB, University     
  Southern California, Series A, 5.25%, 10/01/39  855  881,283 
  Los Angeles Community College District, California, GO,     
  Election 2001, Series A (FSA), 5.00%, 8/01/32    740  707,847 
  San Diego Community College District, California, GO,     
  Election of 2002, 5.25%, 8/01/33    553  562,438 
        2,151,568 
 Colorado - 2.4%  Colorado Health Facilities Authority, RB, Catholic Health,     
  Series C3 (FSA), 5.10%, 10/01/41    1,210  1,180,028 
Colorado Health Facilities Authority, RB, Catholic Health,
  Series C7 (FSA), 5.00%, 9/01/36    780  760,758 
        1,940,786 
 Connecticut - 3.9%  Connecticut State Health & Educational Facility Authority,     
  RB, Yale University, Series T1, 4.70%, 7/01/29  1,580  1,627,321 
Connecticut State Health & Educational Facility Authority,
  RB, Yale University, Series X3, 4.85%, 7/01/37  1,540  1,556,278 
        3,183,599 
 Illinois - 1.8%  Chicago Housing Authority, Illinois, Refunding RB, (FSA),     
  5.00%, 7/01/24    1,424  1,444,339 
 Massachusetts - 2.3%  Massachusetts Water Resources Authority, Refunding RB,     
  Series A, 5.00%, 8/01/41    1,980  1,927,609 
 New York - 0.6%  New York City Municipal Water Finance Authority, RB,     
  Series FF-2, 5.50%, 6/15/40    510  535,792 
 New Hampshire - 0.8%  New Hampshire Health & Education Facilities Authority,     
  RB, Dartmouth College, 5.25%, 6/01/39    645  671,793 
 Tennessee - 1.6%  Shelby County Health Educational & Housing Facilities     
  Board, Refunding RB, St. Jude's Children's Research     
  Hospital, 5.00%, 7/01/31    1,280  1,282,918 
 Texas - 2.6%  County of Harris Texas, RB, Senior Lien, Toll Road,     
  Series A, 5.00%, 8/15/38    2,140  2,123,736 

4

BlackRock Strategic Municipal Trust         
Schedule of Investments July 31, 2009 (Unaudited)    (Percentages shown are based on Net Assets) 
  Municipal Bonds Transferred to    Par   
 State  Tender Option Bond Trusts (g)    (000)       Value 
 Virginia - 3.6%  University of Virginia, Refunding RB, 5.00%, 6/01/40  $ 1,790  $ 1,825,746 
  Virginia HDA, RB, Series H, Sub-Series H1 (MBIA), 5.35%,     
  7/01/31      1,125  1,131,851 
            2,957,597 
 Washington - 4.0%  Central Puget Sound Regional Transportation Authority,     
  Washington, RB, Series A (FSA), 5.00%, 11/01/32  900  905,795 
  State of Washington, GO, Series E, 5.00%, 2/01/34  2,400  2,430,312 
            3,336,107 
  Total Municipal Bonds Transferred to     
  Tender Option Bond Trusts - 27.1%      22,288,086 
  Total Long-Term Investments         
  (Cost - $146,198,447) - 158.6%      130,542,957 
  Short-Term Securities         
 California - 2.4%  California State, CP ROLS RR II, 4.00%, 8/05/09 (h)  2,000  2,000,000 
          Shares   
 Money Market Fund - 5.1%  FFI Institutional Tax-Exempt Fund, 0.42% (i)(j)  4,200,680  4,200,680 
  Total Short-Term Securities         
  (Cost - $6,200,680) - 7.5%        6,200,680 
  Total Investments (Cost - $152,399,127*) - 166.1%    136,743,637 
  Other Assets Less Liabilities - 1.3%      1,071,957 
  Liability for Trust Certificates, Including     
    Interest Expense and Fees Payable - (15.2)%    (12,514,001) 
  Preferred Shares, at Redemption Value - (52.2)%    (42,977,727) 
  Net Assets Applicable to Common Shares - 100.0%  $ 82,323,866 
* The cost and unrealized appreciation (depreciation) of investments as of July 31, 2009, as computed for   
               federal income tax purposes, were as follows:         
               Aggregate cost  $ 139,297,834         
               Gross unrealized appreciation  $ 1,567,085         
               Gross unrealized depreciation    (16,627,664)         
               Net unrealized depreciation  $ (15,060,579)         
     (a) Represents a zero-coupon bond. Rate shown reflects the current yield as of report date.     
     (b) US government securities, held in escrow, are used to pay interest on this security, as well as to retire the bond in full at the 
               date indicated, typically at a premium to par.         
     (c) Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in   
               transactions exempt from registration to qualified institutional investors.     
     (d) Non-income producing security.           
     (e) Issuer filed for bankruptcy and/or is in default of interest payments.     
       (f) Security represents a beneficial interest in a trust. The collateral deposited into the trust is federally tax-exempt revenue 
               bonds issued by various state or local governments, or their respective agencies or authorities. The security is subject to 
               remarketing prior to its stated maturity, and is subject to mandatory redemption at maturity.     
     (g) Securities represent bonds transferred to a tender option bond trust in exchange for which the Trust acquired residual interest 
               certificates. These securities serve as collateral in a financing transaction.     
     (h) Security may have a maturity of more than one year at the time of issuance, but has variable rate and demand features that 
               qualify it as a short-term security. Rate shown is as of report date and maturity shown is the date the principal owed can be 
               recovered through demand.             
       (i) Investments in companies considered to be an affiliate of the Trust for purposes of Section 2(a)(3) of the Investment Company 
               Act of 1940, were as follows:             
    Net         
               Affiliate    Activity  Income     
               FFI Institutional Tax-             
Exempt Fund    3,899,483  $ 4,003     
       (j) Represents the current yield as of report date.         
5

BlackRock Strategic Municipal Trust   
Schedule of Investments July 31, 2009 (Unaudited)   
• Financial Accounting Standards Board Statement of Financial Accounting Standards No. 157, "Fair Value 
               Measurements" clarifies the definition of fair value, establishes a framework for measuring fair values and 
               requires additional disclosures about the use of fair value measurements. Various inputs are used in determining 
               the fair value of investments, which are as follows:   
                     • Level 1 - price quotations in active markets/exchanges for identical securities 
                     • Level 2 - other observable inputs (including, but not limited to: quoted prices for similar assets or 
                         liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets 
                         that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such 
                         as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default 
                         rates) or other market-corroborated inputs)   
                     • Level 3 - unobservable inputs based on the best information available in the circumstances, to the 
                         extent observable inputs are not available (including the Trust's own assumptions used in determining 
                         the fair value of investments)   
               The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated 
               with investing in those securities. For information about the Trust's policy regarding valuation of investments 
               and other significant accounting policies, please refer to the Trust's most recent financial statements as 
               contained in its annual report.   
               The following table summarizes the inputs used as of July 31, 2009 in determining the fair valuation of the 
               Trust's investments:   
               Valuation  Investments in 
               Inputs  Securities 
  Assets 
               Level 1 - Short-Term Securities  $ 4,200,680 
               Level 2 -   
                         Short-Term Securities  2,000,000 
                         Long-Term Investments1  130,542,957 
               Total Level 2  132,542,957 
               Level 3  - 
               Total  $ 136,743,637 
             1 See above Schedule of Investments for values in each state or political classification. 
  6 

Item 2 – Controls and Procedures

2(a) – The registrant's principal executive and principal financial officers or persons performing
similar functions have concluded that the registrant's disclosure controls and procedures (as
defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the
“1940 Act”)) are effective as of a date within 90 days of the filing of this report based on the
evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act
and Rule 13(a)-15(b) under the Securities Exchange Act of 1934, as amended.

2(b) – There were no changes in the registrant's internal control over financial reporting (as defined
in Rule 30a-3(d) under the 1940 Act) that occurred during the registrant's last fiscal quarter
that have materially affected, or are reasonably likely to materially affect, the registrant's
internal control over financial reporting.

Item 3 – Exhibits

Certifications – Attached hereto

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.

The BlackRock Strategic Municipal Trust

By: /s/ Anne F. Ackerley
Anne F. Ackerley
Chief Executive Officer of
The BlackRock Strategic Municipal Trust

Date: September 22, 2009

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/ Anne F. Ackerley
Anne F. Ackerley
Chief Executive Officer (principal executive officer) of
The BlackRock Strategic Municipal Trust

Date: September 22, 2009

By: /s/ Neal J. Andrews
Neal J. Andrews
Chief Financial Officer (principal financial officer) of
The BlackRock Strategic Municipal Trust

Date: September 22, 2009