c51909_nq.htm -- Converted by SEC Publisher, created by BCL Technologies Inc., for SEC Filing

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 811-21180

Name of Fund:   BlackRock Florida Insured Municipal Income Trust (BAF)

Fund Address:   100 Bellevue Parkway, Wilmington, DE 19809

Name and address of agent for service: Donald C. Burke, Chief Executive Officer, BlackRock Florida Insured Municipal Income Trust, 800 Scudders Mill Road, Plainsboro, NJ, 08536. Mailing address: P.O. Box 9011, Princeton, NJ, 08543-9011

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

Date of fiscal year end: 08/31/2008 Date of reporting period: 09/01/2007 – 11/30/2007


Item 1 – Schedule of Investments

BlackRock Florida Insured Municipal Income Trust    
Schedule of Investments as of November 30, 2007 (Unaudited)  
(in Thousands)

 
      Face        
 
      Amount   Municipal Bonds    
Value
 
Arizona - 1.2%   $ 1,500   Salt Verde Financial Corporation, Arizona, Senior Gas Revenue Bonds, 5.50% due 12/01/2029   $
1,557
 
Florida - 153.2%     2,000   Brevard County, Florida, Health Facilities Authority, Healthcare Facilities Revenue Bonds    
 
          (Health First Inc. Project), 5% due 4/01/2036    
1,941
 
      3,780   Colonial Country Club Community Development District, Florida, Special Assessment Revenue    
 
          Bonds, 6.40% due 5/01/2033    
4,000
 
      9,000   Florida State Board of Education, GO (Public Education Capital Outlay),    
 
          Series A, 5% due 6/01/2027 (c)    
9,307
 
      8,640   Florida State Board of Education, Lottery Revenue Bonds, Series C, 5% due 1/01/2022 (e)    
9,026
 
      1,415   Florida State Department of Transportation, GO, 5% due 7/01/2025 (e)    
1,472
 
      7,000   Florida State Department of Transportation, GO, Refunding, 5% due 7/01/2027 (c)    
7,239
 
      5,000   Gainesville, Florida, Utilities System Revenue Bonds, Series A, 5% due 10/01/2013 (c)(f)    
5,425
 
      8,500   Highlands County, Florida, Health Facilities Authority, Hospital Revenue Bonds (Adventist    
 
          Health System), Series A, 6% due 11/15/2011 (f)    
9,386
 
      2,500   Highlands County, Florida, Health Facilities Authority, Hospital Revenue Bonds (Adventist    
 
          Health System), Series C, 5.25% due 11/15/2036    
2,525
 
      2,200   Hillsborough County, Florida, IDA, Hospital Revenue Bonds (H. Lee Moffitt Cancer Center    
 
          Project), Series A, 5.25% due 7/01/2037    
2,187
 
      7,580   Hillsborough County, Florida, School Board, COP, Refunding, Series A, 5% due 7/01/2025 (e)    
7,773
 
      2,865   Jacksonville, Florida, Capital Improvement Revenue Bonds, Series A, 5% due 10/01/2030 (a)    
2,925
 
      8,000   Jacksonville, Florida, Excise Taxes Revenue Bonds, Series B, 5% due 10/01/2026 (a)    
8,214
 
      1,000   Jacksonville, Florida, Health Facilities Authority, Hospital Revenue Bonds (Baptist Medical    
 
          Center Project), 5% due 8/15/2037 (c)    
1,012
 
      9,500   Jacksonville, Florida, Sales Tax Revenue Bonds, 5% due 10/01/2027 (e)    
9,827
 
      9,500   Jacksonville, Florida, Transit Revenue Bonds, 5% due 10/01/2031 (e)    
9,655
 
      1,480   Julington Creek Plantation Community Development District, Florida, Special Assessment    
 
          Refunding Bonds, 5% due 5/01/2029 (e)    
1,516
 
      9,000   Lake County, Florida, School Board, COP, Series A, 5% due 7/01/2028 (a)    
9,171
 
      2,000   Miami, Florida, Special Obligation Revenue Bonds (Street and Sidewalk Improvement Program),
 
          5% due 1/01/2037 (e)    
2,033
 
      10,000   Miami-Dade County, Florida, Special Obligation Revenue Bonds, Sub-Series A,    
 
          5.26% due 10/01/2039 (e)(h)    
1,928
 
      10,000   Miami-Dade County, Florida, Special Obligation Revenue Bonds, Sub-Series A,    
 
          5.26% due 10/01/2040 (e)(h)    
1,828
 
      26,935   Miami-Dade County, Florida, Special Obligation Revenue Bonds, Sub-Series B,    
 
          5.616% due 10/01/2031 (e)(h)    
7,440
 
Portfolio Abbreviations                  
To simplify the listings of BlackRock Florida Insured Municipal Income Trust's portfolio holdings in the Schedule of Investments, we have abbreviated the names of many of
the securities according to the list below.        
 
  GO General Obligation Bonds    
  COP Certificates of Participation    
  IDA Industrial Development Authority    

1


BlackRock Florida Insured Municipal Income Trust    
Schedule of Investments as of November 30, 2007 (Unaudited)  
(in Thousands)

Face            
Amount   Municipal Bonds    
Value
 
    $ 1,335   Orange County, Florida, Educational Facilities Authority, Educational Facilities Revenue Bonds        
          (Rollins College Project), 5.25% due 12/01/2027 (a)   $ 1,429  
      7,975   Orange County, Florida, Sales Tax Revenue Refunding Bonds, Series B,        
          5.125% due 1/01/2032 (b)     8,250  
      2,000   Orange County, Florida, School Board, COP, Series A, 5% due 8/01/2027 (e)     2,044  
      1,000   Orange County, Florida, School Board, COP, Series A, 5% due 8/01/2032 (b)     1,032  
      9,250   Orange County, Florida, Tourist Development, Senior Lien Tax Revenue Bonds,        
          5.125% due 4/01/2012 (a)(f)     9,923  
      1,600   Orange County, Florida, Tourist Development, Tax Revenue Refunding Bonds,        
          5% due 10/01/2029 (a)     1,648  
      4,015   Palm Bay, Florida, Utility System Improvement Revenue Bonds, 5.47% due 10/01/2028 (b)(h)     1,465  
      5,570   Palm Bay, Florida, Utility System Improvement Revenue Bonds, 5.48% due 10/01/2031 (b)(h)     1,745  
      9,200   Palm Beach County, Florida, School Board, COP, Refunding, Series D, 5% due 8/01/2028 (c)     9,391  
      5,815   Pasco County, Florida, School Board, COP, Series A, 5% due 8/01/2027 (b)     6,054  
      5,000   Pinellas County, Florida, Health Facilities Authority Revenue Bonds        
          (BayCare Health System Inc.), 5.50% due 5/15/2013 (f)     5,520  
      9,500   Pinellas County, Florida, Sewer Revenue Bonds, 5% due 10/01/2032 (c)     9,759  
      5,000   Polk County, Florida, Utility System Revenue Bonds, 5% due 10/01/2029 (b)     5,141  
      2,945   Sarasota County, Florida, Utilities System Revenue Refunding Bonds, Series C,        
          5.25% due 10/01/2022 (b)     3,115  
      950   South Florida Water Management District, COP, 5% due 10/01/2036 (a)     975  
      1,000   Tohopekaliga, Florida, Water Authority, Utility System Revenue Bonds, Series B,        
          5% due 10/01/2023 (c)     1,046  
      1,600   University of North Florida, Capital Improvement Revenue Bonds (Housing Project),        
          5% due 11/01/2032 (b)     1,664  
      10,000   Village Center Community Development District, Florida, Recreational Revenue Bonds,        
          Series A, 5% due 11/01/2032 (e)     10,260  
      3,590   Village Community Development District Number 5, Florida, Special Assessment Bonds,        
          Series A, 6.50% due 5/01/2033     3,816  
          Total Municipal Bonds (Cost - $195,294) - 154.4%     201,664  
Shares            
      Held   Short-Term Securities        
      5,495   CMA Florida Municipal Money Fund, 2.88% (d)(g)     5,495  
          Total Short-Term Securities (Cost - $5,495) - 4.2%     5,495  
          Total Investments (Cost - $200,789*) - 158.6%     207,159  
          Liabilities in Excess of Other Assets - (0.4%)     (452 )
          Preferred Shares, at Redemption Value - (58.2%)     (76,052 )
          Net Assets Applicable to Common Shares - 100.0%   $ 130,655  

2


BlackRock Florida Insured Municipal Income Trust    
Schedule of Investments as of November 30, 2007 (Unaudited)  
(in Thousands)

*     

The cost and unrealized appreciation (depreciation) of investments as of November 30, 2007, as computed for federal income tax purposes, were as follows:
 
Aggregate cost   $ 200,789  
Gross unrealized appreciation   $ 6,493  
Gross unrealized depreciation     (123 )
Net unrealized appreciation   $ 6,370  

(a)     

AMBAC Insured.
(b)     

FGIC Insured
(c)     

FSA Insured.
(d)     

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:

 
Affiliate  
Net Activity
Dividend Income
CMA Florida Municipal Money Fund  
426
$34
(e)
   MBIA Insured.
(f)
  

Prerefunded.
(g)
  

Represents the current yield as of November 30, 2007.
(h)
  

Represents a zero coupon bond; the interest rate shown reflects the effective yield at the time of purchase.
• Forward interest rate swaps outstanding as of November 30, 2007 were as follows:        
    Notional  
Unrealized
    Amount   Depreciation
       Pay a fixed rate of 3.887% and pay a floating rate based on 1-week
         (SIFMA) Municipal Swap Index rate 		       
       Broker, Citibank N.A.        
       Expires December 2022  
$    3,750
 
   $      (132)

3

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 13a-15(b) under the Securities and 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.

BlackRock Florida Insured Municipal Income Trust

By:      /s/ Donald C. Burke
  Donald C. Burke,
 
Chief Executive Officer of
  BlackRock Florida Insured Municipal Income Trust

Date: January 16, 2008

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/ Donald C. Burke  
  Donald C. Burke,
  Chief Executive Officer (principal executive officer) of
  BlackRock Florida Insured Municipal Income Trust  

Date: January 16, 2008

By:      /s/ Neal J. Andrews  
  Neal J. Andrews,  
  Chief Financial Officer (principal financial officer) of
  BlackRock Florida Insured Municipal Income Trust  

Date: January 16, 2008