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:__811-21050______

_______BlackRock New Jersey Municipal Bond Trust_______
(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 New Jersey Municipal Bond Trust

_______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:___August 31, 2005

Date of reporting period:__May 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
MAY 31, 2005 (Unaudited)

BlackRock New Jersey Municipal Bond Trust (BLJ)

Principal          
  Amount     Option Call    
Rating1 (000)   Description Provisions2   Value  
    LONG-TERM INVESTMENTS—150.7%      
      Multi-State—6.3%      
Baa1 $2,000 3 Charter Mac Equity Issuer Trust, Ser. B-2, 7.20%, 10/31/52 10/14 @ 100   $ 2,284,980  
      New Jersey—124.6%      
      Econ. Dev. Auth.,      
BBB 2,000      Cigarette Tax Rev., 5.75%, 6/15/34 06/14 @ 100   2,121,840  
B 2,335      Continental Airlines, Inc. Proj., 7.00%, 11/15/30 11/10 @ 101   2,116,561  
BBB- 2,000      Fellowship Vlg. Proj., Ser. A, 5.50%, 1/01/25 01/08 @ 102   2,022,320  
Baa3 2,250      Kapkowski Rd. Landfill Proj., 6.50%, 4/01/28 No Opt. Call   2,655,967  
BBB 1,000      Sld. Wst. Rev., Disp. Wst. Mgmt. Proj., Ser. A, 5.30%, 6/01/15 No Opt. Call   1,050,090  
NR 1,740      Victoria Hlth. Proj., Ser. A, 5.20%, 12/20/36 12/11 @ 103   1,878,504  
BBB- 2,500      Winchester Proj., Ser. A, 5.80%, 11/01/31 11/14 @ 100   2,625,050  
      Edl. Facs. Auth.,      
BBB- 500      Fairleigh Dickinson Univ. Proj., Ser. C, 5.50%, 7/01/23 07/14 @ 100   530,400  
BBB- 1,000      Fairleigh Dickinson Univ. Proj., Ser. C, 6.00%, 7/01/20 07/14 @ 100   1,097,450  
BBB- 1,000      Fairleigh Dickinson Univ. Proj., Ser. D, 6.00%, 7/01/25 07/13 @ 100   1,082,310  
BBB+ 630      Georgian Court Coll. Proj., Ser. C, 6.50%, 7/01/33 07/13 @ 100   714,061  
AAA 4,000      Garden St. Pres. Trust, Open Space & Farmland Pres. Proj.,      
            Ser. B, Zero Coupon, 11/01/27, FSA No Opt. Call   1,427,760  
      Hlth. Care Fac. Fin. Auth.,      
A 2,000      Atlantic City Med. Ctr. Proj., 5.75%, 7/01/25 07/12 @ 100   2,145,020  
A+ 2,000      Catholic Hlth. East Proj., Ser. A, 5.375%, 11/15/33 11/12 @ 100   2,101,940  
A2 2,000 4    Kennedy Hlth. Sys. Proj., 5.625%, 7/01/31 07/11 @ 100   2,135,940  
Baa1 2,500      So. Jersey Hosp. Proj., 6.00%, 7/01/32 07/12 @ 100   2,673,475  
AAA 2,250      Hsg. & Mtg. Fin. Agcy., Multi-Fam. Hsg. Rev., Ser. A, 5.65%, 5/01/40, AMBAC 11/07 @ 101.5   2,334,533  
NR 2,500      Middlesex Cnty. Imprvt. Auth., Heldrich Ctr. Hotel Proj., Ser. B, 6.25%, 1/01/37 01/15 @ 100   2,493,600  
      Port Auth. of NY & NJ,      
NR 130      Contl./Eastn. LaGuardia Proj., 9.125%, 12/01/15 07/05 @ 100   130,563  
AAA 1,500      Ser. 125, 5.00%, 4/15/32, FSA 04/12 @ 101   1,585,815  
AAA 2,250      Ser. 126, 5.25%, 5/15/37, FGIC 05/12 @ 101   2,400,907  
BBB 4,000   Tobacco Settlement Fin. Corp., 6.125%, 6/01/42 06/12 @ 100   4,091,920  
AAA 1,000   Univ. of Med. & Dentistry, Ser. A, 5.00%, 12/01/31, AMBAC 12/12 @ 100   1,052,950  
      Vineland, GO, MBIA,      
AAA 1,000      5.30%, 5/15/29 05/10 @ 101   1,063,270  
AAA 1,500      5.375%, 5/15/32 05/10 @ 101   1,589,520  
            45,121,766  
      Puerto Rico—19.8%      
A- 2,250   Elec. Pwr. Auth., Ser. 2, 5.25%, 7/01/31 07/12 @ 101   2,412,900  
A 2,100   Hwy. & Transp. Auth., Ser. D, 5.25%, 7/01/38 07/12 @ 100   2,229,759  
      Pub. Bldgs. Auth., Gov’t Facs., Ser. D,      
A- 1,685 5    5.25%, 7/01/12 N/A   1,879,584  
BBB 615      5.25%, 7/01/27 07/12 @ 100   658,831  
            7,181,074  
      Total Long-Term Investments (cost $50,781,735)     54,587,820  

1

BlackRock New Jersey Municipal Bond Trust (BLJ) (continued)

Principal          
  Amount          
Rating1 (000)   Description     Value  
    SHORT-TERM INVESTMENTS—3.5%      
      New Jersey—3.5%      
A1+ $ 960   Edl. Fac. Auth., Princeton Univ. Proj., Ser. B, 2.90%, 6/01/05, FRDD     $ 960,000  
VMIG1 300   Essex Cnty. Impvt. Auth. Rev., Aces Pooled Govtl. Loan Prog., 2.93%, 6/01/05, FRWD     300,000  
      Total Short-Term Investments (cost $1,260,000)     1,260,000  
      Total Investments—154.2% (cost $52,041,7356)     $ 55,847,820  
      Other assets in excess of liabilities—1.6%     587,700  
      Preferred shares at redemption value, including dividends payable—(55.8)%     (20,226,006 )
      Net Assets Applicable to Common Shareholders—100%     $ 36,209,514  

 
1 Using the higher of S&P’s, Moody’s or Fitch’s rating.
2 Date (month/year) and price of the earliest optional call or redemption. There may be other call provisions at varying prices at later dates.
3 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 May 31, 2005, the Trust held 6.3% of it nets assets, with a current market value of $2,284,980, in securities restricted as to resale.
4 Securities, or a portion thereof, pledged as collateral with a value of $320,391 on 193 short U.S. Treasury Note futures contracts expiring Sept. 2005. The value of such contracts on May 31, 2005 was $21,860,266, with an unrealized loss of $247,550.
5 This bond is prefunded. U.S. government securities, held in escrow, are used to pay interest on this security, as well as retire the bond in full at the date indicated, typically at a premium to par.
6 Cost for Federal income purposes is $52,026,493. The net unrealized appreciation on a tax basis is $3,821,327 consisting of $3,906,475 gross unrealized appreciation and $85,148 gross unrealized depreciation.

KEY TO ABBREVIATIONS

AMBAC   — American Municipal Bond Assurance Corporation   FSA   — Financial Security Assurance   
FGIC   — Financial Guaranty Insurance Company   GO   — General Obligation   
FRDD   — Floating Rate Daily Demand   MBIA   — Municipal Bond Insurance Association   
FRWD   — Floating Rate Weekly Demand        

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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 New Jersey Municipal Bond Trust___

By: __/s/ Henry Gabbay_____________________________________________
Name: Henry Gabbay
Title: Treasurer
Date: July 22, 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: July 22, 2005

By: __/s/ Henry Gabbay_____________________________________________
Name: Henry Gabbay
Title: Principal Financial Officer
Date: July 22, 2005