Edgar Filing: BLACKROCK INCOME TRUST INC

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 811-08991

Name of Fund: BlackRock Income Trust, Inc. (BKT)

Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809

Name and address of agent for service: Donald C. Burke, Chief Executive Officer, BlackRock Income Trust, Inc., 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: 10/31/2008

Date of reporting period: 11/01/2007 – 01/31/2008

Item 1 – Schedule of Investments


BlackRock Income Trust, Inc.
Schedule of Investments as of January 31, 2008 (Unaudited)				(in U.S. dollars)
Face
Amount			Asset-Backed Securities++	Value
	$	5,890,000	First Franklin Mortgage Loan Asset Backed Certificates Series 2005-FF2 Class M2,
			3.575% due 3/25/2035 (a)	$	4,888,700
4,157,296			GSAA Home Equity Trust Series 2005-1 Class AF2, 4.316% due 11/25/2034 (a)		4,053,969
324,667			Overseas Private Investment Corp., 4.09% due 5/29/2012		318,983
909,522			Overseas Private Investment Corp., 4.30% due 5/29/2012 (a)		936,545
683,199			Overseas Private Investment Corp., 4.64% due 5/29/2012		713,034
386 ,245			Overseas Private Investment Corp., 4.68% due 5/29/2012		382,004
2,927,867			Overseas Private Investment Corp., 4.87% due 5/29/2012		3,083,780
349,534			Overseas Private Investment Corp., 5.40% due 5/29/2012 (a)		354,645
13,000,000			Resolution Funding Corp., 9.66% due 4/15/2030 (b)		4,652,778
1,875,000			Securitized Asset Backed Receivables LLC Trust Series 2005-OP2 Class M1, 3.565%
			due 10/25/2035 (a)		1,687,500
528,928			Small Business Administration Participation Certificates
			Series 1996-20E Class 1, 7.60% due 5/01/2016		556,412
717,889			Small Business Administration Participation Certificates
			Series 1996-20F Class 1, 7.55% due 6/01/2016		755,483
518,287			Small Business Administration Participation Certificates
			Series 1996-20G Class 1, 7.70% due 7/01/2016		546,836
833,077			Small Business Administration Participation Certificates
			Series 1996-20H Class 1, 7.25% due 8/01/2016		873,012
1,338,406			Small Business Administration Participation Certificates
			Series 1996-20K Class 1, 6.95% due 11/01/2016		1,401,145
612,040			Small Business Administration Participation Certificates
			Series 1997-20C Class 1, 7.15% due 3/01/2017		642,681
6,378,954			Small Business Administration Series 1, 1% due 4/01/2015		63,790
9,946,419			Sterling Bank Trust Series 2004-2 Class Note, 2.081% due 3/30/2030		248,660
15,749,969			Sterling Coofs Trust Series 1, 2.362% due 4/15/2029		679,217
			Total Asset-Backed Securities (Cost - $27,802,167) - 6.5%		26,839,174
			U.S. Government & Agency Obligations
355,435			Federal Housing Administration, General Motors Acceptance Corp. Projects, Series 56,
			7.43% due 11/01/2022		362,543
49,524			Federal Housing Administration, Merrill Projects, Series 54,
			7.43% due 2/01/2023		50,514
750,425			Federal Housing Administration, Reilly Project, Series 41,
			8.28% due 3/01/2020		765,433
87,382			Federal Housing Administration, USGI Projects, Series 87,
			7.43% due 12/01/2022		89,130
5,411,984			Federal Housing Administration, USGI Projects, Series 99,
			7.43% due 6/01/2021		5,520,224
82,687			Federal Housing Administration, USGI Projects, Series 99,
			7.43% due 10/01/2023		84,341
244,665			Federal Housing Administration, USGI Projects, Series 99,
			7.43% due 10/01/2023		249,559
15,000,000			U.S. Treasury Notes, 4.75% due 5/31/2012		16,245,705
60,000,000			U.S. Treasury STRIPS (g), 5.64% due 11/15/2024 (b)		28,191,180
			Total U.S. Government & Agency Obligations
			(Cost - $46,303,983) - 12.5%		51,558,629
			U.S. Government Agency Mortgage-Backed Securities++
			Fannie Mae Guaranteed Pass-Through Certificates:
70,507,583			5.00% due 6/01/2033 - 3/15/2038 (d)		70,172,582
58,957,740			5.50% due 6/01/2021 - 2/15/2038 (d)		60,004,315
3,125,000			5.97% due 8/01/2016		3,363,183
22,792,648			6.00% due 10/01/2036 - 7/01/2037		23,391,976
39,644,280			6.50% due 5/01/2031 - 3/15/2038 (d)		41,108,314
222			7.50% due 2/01/2022		240
21,981			8.00% due 5/01/2008 - 5/01/2022		22,673


BlackRock Income Trust, Inc.
Schedule of Investments as of January 31, 2008 (Unaudited)				(in U.S. dollars)
Face
Amount			U.S. Government Agency Mortgage-Backed Securities++	Value
	$	3,740	9.50% due 1/01/2019 - 9/01/2019	$	4,174
			Freddie Mac Mortgage Participation Certificates:
797,873			4.934% due 10/01/2034 (a)		818,571
8,787,100			5.50% due 12/01/2021 - 3/01/2022		8,994,189
26,434			6.01% due 11/01/2017 (a)		26,673
537,335			6.09% due 1/01/2035 (a)		540,942
100,000			6.50% due 2/15/2038		103,875
11,170			8.00% due 11/01/2015		11,487
118,520			9.00% due 9/01/2020		129,728
			Ginnie Mae MBS Certificates:
35,797			7.00% due 10/15/2017		38,140
400,618			7.50% due 8/15/2021 - 12/15/2023		432,266
193,228			8.00% due 10/15/2022 - 2/15/2029		212,178
15,709			9.00% due 6/15/2018 - 9/15/2021		17,259
			Total U.S. Government Agency Mortgage-Backed Securities
			(Cost - $207,330,018) - 50.6%		209,392,765
			U.S. Government Agency Mortgage-Backed Obligations - Collateralized Mortgage
			Obligations
10,308			Fannie Mae Trust Series 7 Class 2, 8.50% due 4/01/2017		2,224
20,165			Fannie Mae Trust Series 89 Class 2, 8% due 10/01/2018		4,631
6,306			Fannie Mae Trust Series 94 Class 2, 9.50% due 8/01/2021		1,665
42,525			Fannie Mae Trust Series 203 Class 1, 0% due 2/01/2023 (e)		36,398
29,657			Fannie Mae Trust Series 228 Class 1, 0% due 6/01/2023 (e)		25,152
229,620			Fannie Mae Trust Series 273 Class 1, 0% due 8/01/2026 (e)		193,167
4,378,853			Fannie Mae Trust Series 328 Class 1, 0% due 12/01/2032 (e)		3,621,773
3,560,224			Fannie Mae Trust Series 338 Class 1, 0% due 7/01/2033 (e)		2,856,586
40,597			Fannie Mae Trust Series 1990-123 Class M, 1.01% due 10/25/2020		858
24,878,333			Fannie Mae Trust Series 1990-136 Class S, 0.015% due 11/25/2020 (a)		33,590
39,473			Fannie Mae Trust Series 1991-7 Class J, 0% due 2/25/2021 (e)		32,256
46,362			Fannie Mae Trust Series 1991-38 Class F, 8.325% due 4/25/2021 (a)		48,503
37,029			Fannie Mae Trust Series 1991-38 Class N, 1.009% due 4/25/2021		349
46,985			Fannie Mae Trust Series 1991-38 Class SA, 10.186% due 4/25/2021 (a)		48,748
178,974			Fannie Mae Trust Series 1991-46 Class S, 1.403% due 5/25/2021 (a)		6,293
114,152			Fannie Mae Trust Series 1991-87 Class S,18.375% due 8/25/2021 (a)		150,027
236,760			Fannie Mae Trust Series 1991-99 Class L, 0.93% due 8/25/2021		4,810
435,171			Fannie Mae Trust Series 1991-139 Class PT, 0.648% due 10/25/2021		5,609
44,509			Fannie Mae Trust Series 1991-167 Class D, 0% due 10/25/2017 (e)		43,603
2,754			Fannie Mae Trust Series 1993-51 Class E, 0% due 2/25/2023 (e)		2,511
23,964			Fannie Mae Trust Series 1993-70 Class A, 0% due 5/25/2023 (e)		20,234
83,174			Fannie Mae Trust Series 1993-72 Class S, 8.75% due 5/25/2008 (a)		83,393
22,307			Fannie Mae Trust Series 1993-93 Class S, 8.50% due 5/25/2008 (a)		22,414
6,128			Fannie Mae Trust Series 1993-170 Class SC, 9% due 9/25/2008 (a)		6,295
144,419			Fannie Mae Trust Series 1993-196 Class SC, 9.696% due 10/25/2008 (a)		145,808
2,155,289			Fannie Mae Trust Series 1993-199 Class SB, 2.625% due 10/25/2023 (a)		172,333
79,821			Fannie Mae Trust Series 1993-214 Class SH, 10.171% due 12/25/2008 (a)		81,286
866,230			Fannie Mae Trust Series 1993-247 Class SN, 10% due 12/25/2023 (a)		971,105
1,936,320			Fannie Mae Trust Series 1993-249 Class B, 0% due 11/25/2023 (e)		1,751,709
616,133			Fannie Mae Trust Series 1994-33 Class SG, 3.225% due 3/25/2009 (a)		13,590
1,850,915			Fannie Mae Trust Series 1996-68 Class SC, 2.257% due 1/25/2024 (a)		111,252
653,875			Fannie Mae Trust Series 1997-50 Class SI, 1.20% due 4/25/2023 (a)		20,772
13,029,418			Fannie Mae Trust Series 1997-90 Class M, 6% due 1/25/2028		2,508,721
608,927			Fannie Mae Trust Series 1999-W4 Class IO, 6.50% due 12/25/2028		113,118
332,853			Fannie Mae Trust Series 1999-W4 Class PO, 0% due 2/25/2029 (e)		261,881
883,253			Fannie Mae Trust Series 2002-13 Class PR, 0% due 3/25/2032 (e)		753,066
72,201			Fannie Mae Trust Series 2002-62 Class IC, 5.50% due 7/25/2015		486
3,860,218			Fannie Mae Trust Series 2003-9 Class BI, 5.50% due 10/25/2022		414,657
6,964,756			Fannie Mae Trust Series 2003-32 Class VT, 6% due 9/25/2015		7,216,743


BlackRock Income Trust, Inc.
Schedule of Investments as of January 31, 2008 (Unaudited)				(in U.S. dollars)
		Face	U.S. Government Agency Mortgage-Backed Obligations - Collateralized Mortgage
		Amount	Obligations	Value
	$	2,637,939	Fannie Mae Trust Series 2003-51 Class IE, 5.50% due 4/25/2026	$	38,482
		5,079,645	Fannie Mae Trust Series 2003-55 Class GI, 5% due 7/25/2019		363,655
		5,572,720	Fannie Mae Trust Series 2003-66 Class CI, 5% due 7/25/2033		1,119,318
		3,652,438	Fannie Mae Trust Series 2003-88 Class TI, 4.50% due 11/25/2013		81,391
		3,740,625	Fannie Mae Trust Series 2003-122 Class IC, 5% due 9/25/2018		291,630
		12,264,000	Fannie Mae Trust Series 2003-135 Class PB, 6% due 1/25/2034		12,904,871
		3,268,966	Fannie Mae Trust Series 2004-13 Class IG, 5% due 10/25/2022		66,121
		3,650,779	Fannie Mae Trust Series 2004-28 Class PB, 6% due 8/25/2028		3,696,295
		2,099,724	Fannie Mae Trust Series 2004-29 Class HC, 7.50% due 7/25/2030		2,276,987
		2,426,222	Fannie Mae Trust Series 2004-31 Class ZG, 7.50% due 5/25/2034		2,920,107
		28,947,168	Fannie Mae Trust Series 2004-90 Class JH, 1.828% due 11/25/2034 (a)		2,360,555
		837,047	Fannie Mae Trust Series 2005-43 Class IC, 6% due 3/25/2034		184,729
		12,194,882	Fannie Mae Trust Series 2005-55 Class SB, 1.278% due 7/25/2035 (a)		774,542
		2,492,932	Fannie Mae Trust Series 2005-68 Class PC, 5.50% due 7/25/2035		2,583,437
		5,661,899	Fannie Mae Trust Series 2005-73 Class DS, 9.399% due 8/25/2035 (a)		6,029,572
		13,131,321	Fannie Mae Trust Series 2005-73 Class ST, 1.258% due 8/25/2035 (a)		757,239
		1,221,014	Fannie Mae Trust Series 2006-2 Class KP, 0% due 2/25/2035 (a)(e)		1,169,436
		48,889,084	Fannie Mae Trust Series 2006-36 Class SP, 1.828% due 5/25/2036 (a)		4,201,508
		1,452,034	Fannie Mae Trust Series 2006-38 Class Z, 5% due 5/25/2036		1,417,309
		28,510,808	Fannie Mae Trust Series 2006-95 Class ST, 1.735% due 10/25/2036 (a)		1,930,125
		35,687,567	Fannie Mae Trust Series 2006-101 Class SA, 3.204% due 10/25/2036 (a)		2,302,519
		317	Fannie Mae Trust Series G-7 Class S, 520.68% due 3/25/2021 (a)		5,465
		998,074	Fannie Mae Trust Series G-10 Class S, 0.575% due 5/25/2021 (a)		16,281
		839,011	Fannie Mae Trust Series G-12 Class S, 0.608% due 5/25/2021 (a)		14,737
		535,884	Fannie Mae Trust Series G-17 Class S, 0.58% due 6/25/2021 (a)		8,885
		662,640	Fannie Mae Trust Series G-33 Class PV, 1.078% due 10/25/2021		14,963
		200	Fannie Mae Trust Series G-49 Class S, 706.55% due 12/25/2021 (a)		3,342
		431,580	Fannie Mae Trust Series G-50 Class G, 1.159% due 12/25/2021		6,467
		193,378	Fannie Mae Trust Series G92-5 Class H, 9% due 1/25/2022		46,348
		508,081	Fannie Mae Trust Series G92-12 Class C, 1.017% due 2/25/2022		10,349
		3,621,540	Fannie Mae Trust Series G92-59 Class S, 5.023% due 10/25/2022 (a)		567,901
		554,140	Fannie Mae Trust Series G92-60 Class SB, 1.60% due 10/25/2022 (a)		24,699
		295,995	Fannie Mae Trust Series G93-2 Class KB, 0% due 1/25/2023 (e)		266,800
		178,825	Freddie Mac Multiclass Certificates Series 19 Class F,
			8.50% due 3/15/2020		190,401
		17,110	Freddie Mac Multiclass Certificates Series 19 Class R,
			9.757% due 3/15/2020		2,852
		715,410	Freddie Mac Multiclass Certificates Series 40 Class K, 6.50%
			due 8/17/2024		756,005
		1,422,948	Freddie Mac Multiclass Certificates Series 60 Class HS,
			1.125% due 4/25/2024 (a)		11,162
		4	Freddie Mac Multiclass Certificates Series 75 Class R, 9.50% due 1/15/2021		4
		4	Freddie Mac Multiclass Certificates Series 75 Class RS,
			18.058% due 1/15/2021		4
		22,285	Freddie Mac Multiclass Certificates Series 173 Class R,
			9% due 11/15/2021		22
		22	Freddie Mac Multiclass Certificates Series 173 Class RS,
			9.112% due 11/15/2021		23
		48,890	Freddie Mac Multiclass Certificates Series 176 Class M,
			1.01% due 7/15/2021		76
		5,298	Freddie Mac Multiclass Certificates Series 192 Class U,
			1.009% due 2/15/2022 (a)		9
		2,170	Freddie Mac Multiclass Certificates Series 200 Class R,
			98.523% due 12/15/2022		27


BlackRock Income Trust, Inc.
Schedule of Investments as of January 31, 2008 (Unaudited)				(in U.S. dollars)
		Face	U.S. Government Agency Mortgage-Backed Obligations - Collateralized Mortgage
		Amount	Obligations	Value
	$	1,672,940	Freddie Mac Multiclass Certificates Series 204 Class IO,
			6% due 5/01/2029	$	310,641
		14,043,550	Freddie Mac Multiclass Certificates Series 1043 Class H,
			0.022% due 2/15/2021 (a)		17,175
		150,990	Freddie Mac Multiclass Certificates Series 1054 Class I,
			0.435% due 3/15/2021 (a)		179
		115,800	Freddie Mac Multiclass Certificates Series 1056 Class KD,
			1.085% due 3/15/2021		117
		156,320	Freddie Mac Multiclass Certificates Series 1057 Class J,
			1.008% due 3/15/2021		173
		433,730	Freddie Mac Multiclass Certificates Series 1148 Class E,
			0.593% due 10/15/2021 (a)		575
		30,654	Freddie Mac Multiclass Certificates Series 1160 Class F,
			26.897% due 10/15/2021 (a)		30,842
		78,192	Freddie Mac Multiclass Certificates Series 1179 Class O,
			1.009% due 11/15/2021		89
		145,089	Freddie Mac Multiclass Certificates Series 1418 Class M,
			0% due 11/15/2022 (e)		127,659
		576,777	Freddie Mac Multiclass Certificates Series 1571 Class G,
			0% due 8/15/2023 (e)		496,383
		1,105,348	Freddie Mac Multiclass Certificates Series 1598 Class J,
			6.50% due 10/15/2008		1,103,826
		68,426	Freddie Mac Multiclass Certificates Series 1616 Class SB,
			8.50% due 11/15/2008 (a)		68,918
		63,285	Freddie Mac Multiclass Certificates Series 1688 Class S,
			11.023% due 12/15/2013 (a)		63,282
		1,967,767	Freddie Mac Multiclass Certificates Series 1691 Class B,
			0% due 3/15/2024 (e)		1,575,771
		143,883	Freddie Mac Multiclass Certificates Series 1706 Class IA,
			7% due 10/15/2023		3,897
		55,439	Freddie Mac Multiclass Certificates Series 1720 Class PK,
			7.50% due 1/15/2024		2,307
		173,300	Freddie Mac Multiclass Certificates Series 1739 Class B,
			0% due 2/15/2024 (e)		161,987
		2,556,043	Freddie Mac Multiclass Certificates Series 1914 Class PC,
			0.75% due 12/15/2011		19,545
		298,177	Freddie Mac Multiclass Certificates Series 1961 Class H,
			6.50% due 5/15/2012		304,030
		9,636,949	Freddie Mac Multiclass Certificates Series 2218 Class Z,
			8.50% due 3/15/2030		10,593,420
		691,902	Freddie Mac Multiclass Certificates Series 2296 Class SA,
			2.139% due 3/15/2016 (a)		43,352
		4,631,362	Freddie Mac Multiclass Certificates Series 2369 Class SU,
			3.248% due 10/15/2031 (a)		391,153
		12,489,711	Freddie Mac Multiclass Certificates Series 2431 Class Z,
			6.50% due 6/15/2032		13,211,539
		323,987	Freddie Mac Multiclass Certificates Series 2444 Class ST,
			2.359% due 9/15/2029 (a)		10,621
		1,367,540	Freddie Mac Multiclass Certificates Series 2542 Class MX,
			5.50% due 5/15/2022		162,990
		10,200,000	Freddie Mac Multiclass Certificates Series 2542 Class UC,
			6% due 12/15/2022		11,037,719
		2,482,073	Freddie Mac Multiclass Certificates Series 2545 Class NI,
			5.50% due 3/15/2022		222,383
		475,772	Freddie Mac Multiclass Certificates Series 2559 Class IO,
			5% due 8/15/2030 (a)		1,039


BlackRock Income Trust, Inc.
Schedule of Investments as of January 31, 2008 (Unaudited)				(in U.S. dollars)
		Face	U.S. Government Agency Mortgage-Backed Obligations - Collateralized Mortgage
		Amount	Obligations	Value
	$	3,907,097	Freddie Mac Multiclass Certificates Series 2561 Class EW,
			5% due 9/15/2016	$	280,953
		2,475,000	Freddie Mac Multiclass Certificates Series 2562 Class PG,
			5% due 1/15/2018		2,533,302
		928,064	Freddie Mac Multiclass Certificates Series 2564 Class NC,
			5% due 2/15/2033		888,704
		10,295,542	Freddie Mac Multiclass Certificates Series 2611 Class QI,
			5.50% due 9/15/2032		1,842,522
		4,137,021	Freddie Mac Multiclass Certificates Series 2630 Class PI,
			5% due 8/15/2028		320,415
		550,992	Freddie Mac Multiclass Certificates Series 2633 Class PI,
			4.50% due 3/15/2012		1,107
		16,306,682	Freddie Mac Multiclass Certificates Series 2647 Class IV,
			1.959% due 7/15/2033 (a)		1,766,769
		3,053,024	Freddie Mac Multiclass Certificates Series 2653 Class MI,
			5% due 4/15/2026		243,608
		3,279,485	Freddie Mac Multiclass Certificates Series 2658 Class PI,
			4.50% due 6/15/2013		57,245
		2,738,899	Freddie Mac Multiclass Certificates Series 2672 Class TQ,
			5% due 3/15/2023		52,927
		3,633,340	Freddie Mac Multiclass Certificates Series 2687 Class IL,
			5% due 9/15/2018		272,740
		68,124	Freddie Mac Multiclass Certificates Series 2687 Class IQ,
			5.50% due 9/15/2022		34
		2,768,049	Freddie Mac Multiclass Certificates Series 2693 Class IB,
			4.50% due 6/15/2013		46,440
		2,310,048	Freddie Mac Multiclass Certificates Series 2694 Class LI,
			4.50% due 7/15/2019		147,392
		2,050,000	Freddie Mac Multiclass Certificates Series 2750 Class TC,
			5.25% due 2/15/2034		2,102,696
		11,340,216	Freddie Mac Multiclass Certificates Series 2758 Class KV,
			5.50% due 5/15/2023		11,754,896
		1,572,756	Freddie Mac Multiclass Certificates Series 2765 Class UA,
			4% due 3/15/2011		1,601,390
		4,358,648	Freddie Mac Multiclass Certificates Series 2769 Class SQ,
			5.368% due 2/15/2034 (a)		3,610,317
		4,354,363	Freddie Mac Multiclass Certificates Series 2773 Class OX,
			5% due 2/15/2018		377,971
		16,220,967	Freddie Mac Multiclass Certificates Series 2780 Class SM,
			1.348% due 4/15/2034 (a)		543,055
		3,166,742	Freddie Mac Multiclass Certificates Series 2806 Class VC,
			6% due 12/15/2019		3,314,349
		6,727,272	Freddie Mac Multiclass Certificates Series 2825 Class NI,
			5.50% due 3/15/2030		1,131,699
		10,470,393	Freddie Mac Multiclass Certificates Series 2827 Class SR,
			1.348% due 1/15/2022 (a)		526,371
		2,100,801	Freddie Mac Multiclass Certificates Series 2840 Class SK,
			8.722% due 8/15/2034 (a)		1,889,517
		638,638	Freddie Mac Multiclass Certificates Series 2861 Class AX,
			6.118% due 9/15/2034 (a)		639,752
		17,570,311	Freddie Mac Multiclass Certificates Series 2865 Class SR,
			1.908% due 10/15/2033 (a)		1,614,242
		11,899,249	Freddie Mac Multiclass Certificates Series 2865 Class SV,
			2.753% due 10/15/2033 (a)		1,525,440
		2,424,046	Freddie Mac Multiclass Certificates Series 2927 Class BZ,
			5.50% due 2/15/2035		2,367,634


BlackRock Income Trust, Inc.
Schedule of Investments as of January 31, 2008 (Unaudited)				(in U.S. dollars)
		Face	U.S. Government Agency Mortgage-Backed Obligations - Collateralized Mortgage
		Amount	Obligations	Value
	$	2,310,489	Freddie Mac Multiclass Certificates Series 2933 Class SL,
			2.914% due 2/15/2035 (a)	$	138,320
		1,640,358	Freddie Mac Multiclass Certificates Series 2949 Class IO,
			5.50% due 3/15/2035		209,554
		31,876,042	Freddie Mac Multiclass Certificates Series 2990 Class WR,
			1.929% due 6/15/2035 (a)		2,169,563
		3,837,658	Freddie Mac Multiclass Certificates Series 3061 Class BD,
			7.50% due 11/15/2035		4,000,461
		90,051,784	Freddie Mac Multiclass Certificates Series 3122 Class IS,
			2.048% due 3/15/2036 (a)		5,664,780
		2,309,645	Freddie Mac Multiclass Certificates Series 3167 Class SX,
			7.335% due 6/15/2036 (a)		2,369,449
		88,190,307	Freddie Mac Multiclass Certificates Series 3225 Class EY,
			1.638% due 10/15/2036 (a)		5,209,481
		3,477,632	Freddie Mac Multiclass Certificates Series 3299 Class TI,
			5% due 4/15/2037		759,530
		223,549	Freddie Mac Multiclass Certificates Series T-8 Class A10,
			0% due 11/15/2028 (e)		193,607
		3,955,341	Freddie Mac Multiclass Certificates Series T-11 Class A9,
			4.284% due 1/25/2028 (a)		3,557,575
		990,125	Ginnie Mae Trust Series 1996-5 Class Z, 7% due 5/16/2026		1,062,862
		1,671,585	Ginnie Mae Trust Series 2001-33 Class PB, 6.50% due 7/20/2031		1,750,425
		1,869,597	Ginnie Mae Trust Series 2003-58 Class IT, 5.50% due 7/20/2033		189,489
		15,687,734	Ginnie Mae Trust Series 2003-89 Class SA, 0.84% due 10/16/2033		916,256
		1,571,633	Ginnie Mae Trust Series 2004-39 Class ID, 5% due 5/20/2033		432,134
		732,553	Ginnie Mae Trust Series 2004-75 Class IJ, 5.50% due 7/20/2025		96
		3,942,654	Ginnie Mae Trust Series 2004-89 Class PE, 6% due 10/20/2034		4,141,195
		16,339,398	Ginnie Mae Trust Series 2005-18 Class SL, 1.203% due 2/20/2035		1,173,978
		19,295,113	Ginnie Mae Trust Series 2005-47 Class SP, 0.853% due 8/20/2032 (a)		1,103,003
			Total U.S. Government Agency Mortgage-Backed Obligations - Collateralized
			Mortgage Obligations (Cost - $185,439,078) - 45.3%		187,661,123
			Non-U.S. Government Agency Mortgage-Backed Securities++
Collateralized		1,062,044	ABN AMRO Mortgage Corp. Series 2003-4 Class A2, 5.50% due 3/25/2033		19,917
Mortgage		110,509,505	Banc of America Funding Corp. Series 2007-2 Class 1A19,
Obligations - 22.5%			2.02% due 3/25/2037 (a)(b)		954,360
		36,767,676	Banc of America Funding Corp. Series 2007-5 Class 4A3,
			3.415% due 7/25/2037 (a)		1,519,527
		226,363,329	Banc of America Mortgage Securities Inc. Series 2003-3 Class 1AIO,
			0.286% due 5/25/2018 (a)		1,234,654
		67,113	Banc of America Mortgage Securities Series 2003-6 Class 2A1,
			5.315% due 8/25/2018 (a)		67,116
		323,516	Collateralized Mortgage Obligation Trust Series 40 Class R,
			0.58% due 4/01/2018		324
		52,019	Collateralized Mortgage Obligation Trust Series 42 Class R,
			6% due 10/01/2014		3,376
		4,067,984	Countrywide Alternative Loan Trust Series 2005-28CB Class 1A5,
			5.51% due 8/25/2035		4,054,185
		5,025,117	Countrywide Alternative Loan Trust Series 2005-56 Class 1A1,
			3.865% due 11/25/2035 (a)		4,684,676
		4,513,042	Countrywide Alternative Loan Trust Series 2005-72 Class A2,
			3.495% due 1/25/2036 (a)		4,136,634
		140,534,234	Countrywide Alternative Loan Trust Series 2005-79C Class A2,
			1.57% due 1/25/2036 (a)(b)		2,318,309
		4,050,651	Countrywide Alternative Loan Trust Series 2007-0A9 Class A1,
			3.425% due 6/25/2047 (a)		3,713,544
		5,244,173	Countrywide Home Loan Mortgage Pass-Through Trust Series 2003-26
			Class PO, 0% due 8/25/2033 (e)		3,683,837


BlackRock Income Trust, Inc.
Schedule of Investments as of January 31, 2008 (Unaudited)				(in U.S. dollars)
		Face
		Amount	Non-U.S. Government Agency Mortgage-Backed Securities++	Value
	$	1,034,936	Countrywide Home Loan Mortgage Pass-Through Trust Series 2003-J4
			Class PO, 0% due 6/25/2033 (e)	$	651,138
		1,389,047	Countrywide Home Loan Mortgage Pass-Through Trust Series 2003-J5
			Class PO, 0% due 7/25/2033 (e)		903,811
		1,139,452	Countrywide Home Loan Mortgage Pass-Through Trust Series 2003-J8
			Class PO, 0% due 9/25/2023 (e)		673,945
		22,376	Drexel Burnham Lambert CMO Trust Series K Class 1,
			0% due 9/23/2017 (e)		21,869
		239,899	Drexel Burnham Lambert CMO Trust Series V Class 1,
			0% due 9/01/2018 (e)		227,801
		76,726	First Boston Mortgage Securities Corp. Series C Class I-O,
			10.965% due 4/25/2017		21,372
		71,363,600	First Horizon Alternative Mortgage Securities Series 2005-FA7 Class 1A7,
			1.49% due 10/25/2035 (a)(b)		1,579,319
		177,361,759	First Horizon Alternative Mortgage Securities Series 2005-FA9 Class A2,
			1.42% due 12/25/2035 (a)(b)		2,506,530
		41,540,320	First Horizon Alternative Mortgage Securities Series 2006-FA2 Class 1A4, 0.628% due
			5/25/2036 (a)		273,086
		7,557,092	GSMPS Mortgage Loan Trust Series 1998-5 Class IO,
			0.97% due 6/19/2027 (a)		151,142
		5,142,623	Harborview Mortgage Loan Trust Series 2006-4 Class 2A1A,
			3.316% due 5/19/2047 (a)		4,678,730
		152,322,402	Indymac Index Mortgage Loan Trust Series 2006-AR33 Class 4AX,
			0.165% due 1/25/2037		629,823
		6,341,967	JPMorgan Mortgage Trust Series 2005-S1 Class 2A1, 8% due 1/25/2035		6,557,410
		1,779,409	JPMorgan Mortgage Trust Series 2006-A7 Class 2A2,
			5.829% due 1/25/2037 (a)		1,806,205
		109,223	Kidder Peabody Acceptance Corp Series 1993-1 Class A6,
			10.799% due 8/25/2023 (a)		109,570
		56,119	Kidder Peabody Mortgage Assets Trust Series B Class A2,
			9.50% due 4/22/2018		12,449
		4,868,374	Luminent Mortgage Trust Series 2006-A1 Class 2A1,
			3.305% due 12/25/2036 (a)		4,588,360
		24,219,973	MASTR Adjustable Rate Mortgages Trust Series 2004-3 Class 3AX,
			0.977% due 4/25/2034 (c)		273,628
		1,486,527	MASTR Alternative Loans Trust Series 2003-7 Class 4A3,
			8% due 11/25/2018		1,575,034
		1,298,230	MASTR Alternative Loans Trust Series 2003-9 Class 15X2,
			6% due 1/25/2019		218,231
		314,407	MASTR Asset Securitization Trust Series 2004-3 Class 4A15,
			0% due 3/25/2034 (e)		184,399
		1,583,121	Morgan Stanley Mortgage Loan Trust Series 2004-3 Class 1AX,
			5% due 5/25/2019		230,850
		12,745	Painewebber CMO Trust Series 88M, 13.80% due 9/01/2018		0
		141,757,759	Residential Accredit Loans, Inc. Series 2005-QS16 Class A2,
			1.42% due 11/25/2035 (a)(b)		1,718,756
		3,099,922	Residential Accredit Loans, Inc. Series 2006-Q03 Class A1,
			3.345% due 4/25/2046 (a)		2,903,741
		3,310,265	Residential Accredit Loans, Inc. Series 2006-Q04 Class 2A2,
			3.375% due 4/25/2046 (a)		2,959,031
		983,484	Residential Asset Securitization Trust Series 2005-A15 Class 1A8,
			0% due 2/25/2036 (e)		465,738
		9,719,486	Residential Funding Securities LLC Series 2003-RM2 Class AI5,
			8.50% due 5/25/2033		10,440,007
		64,290,851	Sequoia Mortgage Trust Series 2005-2 Class XA, 0.998% due 3/20/2035 (a)		1,066,585
		2,338,949	Structured Adjustable Rate Mortgage Loan Trust Series 2004-11 Class A, 6.875% due
			8/25/2034 (a)		2,349,214



BlackRock Income Trust, Inc.
Schedule of Investments as of January 31, 2008 (Unaudited)				(in U.S. dollars)
		Face
		Amount	Non-U.S. Government Agency Mortgage-Backed Securities++	Value
	$	5,226,465	Structured Adjustable Rate Mortgage Loan Trust Series 2005-18 Class 7AX, 5.50% due
			9/25/2035 (a)	$	551,098
		4,066,759	Structured Adjustable Rate Mortgage Loan Trust Series 2005-20 Class 3AX, 5.50% due
			10/25/2035		585,221
		13,754,260	Structured Adjustable Rate Mortgage Loan Trust Series 2006-2 Class 4AX, 5.50% due
			3/25/2036 (a)		1,655,463
		43,291,646	Structured Adjustable Rate Mortgage Loan Trust Series 2006-7 Class 3AS, 2.374% due
			8/25/2036 (a)		3,330,859
		11,654	Structured Mortgage Asset Residential Trust Series 1993-3C Class CX,
			0% due 4/25/2024 (e)		10,443
		11,889	Summit Mortgage Trust Series 2000-1 Class B1, 6.65% due 12/28/2012 (a)		11,889
		83,789,289	Vendee Mortgage Trust Series 1999-2 Class 1IO, 0.052% due 5/15/2029 (a)		209,473
		3,000,000	WaMu Mortgage Pass-Through Certificates Series 2005-AR4 Class
			A3, 4.585% due 4/25/2035 (a)		3,009,241
		942,631	Washington Mutual Alternative Mortgage Pass-Through Certificates
			Series 2005-9 Class CP, 0% due 11/25/2035 (e)		594,725
		7,769,102	Washington Mutual Mortgage Pass-Through Series 2007-1 Class 1A3, 3.505% due
			2/25/2037 (a)		7,155,826
					93,282,471
Commercial		5,611,248	CS First Boston Mortgage Securities Corp. Series 1997-C1 Class AX, 1.672% due
Mortgage-Backed			6/20/2029(a)		301,398
Securities - 1.7%		17,715,304	Commercial Mortgage Acceptance Corp. Series 1997-ML1 Class IO, 0.705% due
			12/15/2030		435,779
		2,420,000	Credit Suisse Mortgage Capital Certificates Series 2007-C2 Class A3, 5.542% due
			1/15/2049 (a)		2,396,194
		3,500,000	First Union-Lehman Brothers Commercial Mortgage Series 1997-C2 Class D, 7.12%
			due 11/18/2029		3,773,112
		77,131	Morgan Stanley Capital I Series 1997-HF1 Class X, 3.438% due 7/15/2029 (a)		4
					6,906,487
			Total Non-U.S. Government Agency Mortgage-Backed Securities (Cost -
			$100,820,564) - 24.2%		100,188,958
			Corporate Bonds
Diversified Financial		2,240,806	Structured Asset Repackaged Trust, 5.806% due 1/21/2010		2,218,398
Services - 0.5%
			Total Corporate Bonds (Cost - $2,240,456) - 0.5%		2,218,398
			Short-Term Securities
Government Agency		3,000,000	Federal Home Loan Bank, 1.35% due 2/01/2008		3,000,000
Tri Party Repurchase		21,187,306	Lehman Brothers Inc., purchased on 1/30/2008 to yield 2% to 1/31/2008		21,187,306
			Total Short-Term Securities (Cost - $24,187,306) - 5.8%		24,187,306
Number of
Contracts+			Options Purchased
Call Options		32	Receive (pay) a variable return based on the change in the since inception of the MSCI
Purchased			Daily Total Return Net Emerging Market India Index and pay a floating rate based on 3-
			month USD LIBOR, expiring May 2012 at USD 5.725 (f)		2,067,432
		7	Receive a fixed rate of 5.39% and pay a floating rate based on 3-month LIBOR, expiring
			March 2012, Broker Lehman Brothers Special Financing (f)		433,394
		12	Receive a fixed rate of 5.47% and pay a floating rate based on 3-month LIBOR, expiring
			May 2012, Broker Bank of America NA (f)		737,056
		32	Receive a fixed rate of 5.495% and pay a floating rate based on 3-month LIBOR,
			expiring May 2012, Broker Credit Suisse International (f)		1,492,702
		3	Receive a fixed rate of 5.78% and pay a floating rate based on 3-month LIBOR, expiring
			August 2010, Broker Deutsche Bank AG (f)		234,716
		9	Receive a fixed rate of 6.025% and pay a floating rate based on 3-month LIBOR,
			expiring June 2012, Broker Lehman Brothers Special Financing (f)		657,461
					5,622,761
Put Options		7	Pay a fixed rate of 5.39% and receive a floating rate based on 3-month LIBOR, expiring
Purchased			March 2012, Broker Lehman Brothers Special Financing (f)		404,719

BlackRock Income Trust, Inc.
Schedule of Investments as of January 31, 2008 (Unaudited)					(in U.S. dollars)
		Number of
		Contracts+		Options Purchased	Value
		12		Pay a fixed rate of 5.47% and receive a floating rate based 3-month LIBOR, expiring
				May 2012, Broker Bank of America NA (f)	$	559,513
		32		Pay a fixed rate of 5.495% and received a floating rate based on 3-month LIBOR,
				expiring May 2012, Credit Suisse International (f)		1,957,025
		32		Pay a fixed rate of 5.725% and receive a floating rate based 3-month LIBOR, expiring
				May 2012, Lehman Brothers Special Financing (f)		1,294,359
		3		Pay a fixed rate of 5.78% and receive a floating rate based 3-month LIBOR, expiring
				August 2010, Broker Deutsche Bank AG (f)		66,237
		9		Pay a fixed rate of 6.025% and receive a floating rate based on 3-month LIBOR,
				expiring June 2012, broker Lehman Brothers Special Financing (f)		279,694
						4,561,547
				Total Options Purchased
				(Premiums Paid - $7,829,398) - 2.5%		10,184,308
				Total Investments Before TBA Sale Commitments, Short Sales and Options
				*Written (Cost - $601,952,970) - 147.9%**		612,230,661
		Face
		Amount		TBA Sale Commitments (d)
				Fannie Mae Guaranteed Pass-Through Certificates:
	$	(19,600,000	)	5% due 6/01/2033-3/15/2038		(19,520,267	)
		(31,600,000	)	5.50% due 6/01/2021-2/15/2038		(32,023,851	)
		(14,300,000	)	6% due 10/01/2036-7/01/2037		(14,676,219	)
				Total TBA Sale Commitments
				(Proceeds Received - $65,201,993) - (16.0%)		(66,220,337	)
				Investments Sold Short
		(34,505,000	)	U.S. Treasury Note, 4.75% due 5/31/2012		(37,370,537	)
				Total Investments Sold Short
				(Proceeds Received - $34,289,344) - (9.0%)		(37,370,537	)
		Number of
		Contracts		Options Written
Call Options Written		7		Pay a fixed rate of 5.115% and receive a floating rate based on 3-month LIBOR,
				expiring March 2008, Broker Lehman Brothers Special Financing (f)		(492,787	)
		145		Pay a fixed rated of 4.80% and receive a floating rate based on 3-month USD LIBOR,
				expiring March 2011, Broker Goldman Sachs Capital Markets (f)		(5,482,412	)
		96		Pay a fixed rated of 4.95% and receive a floating rate based on 3-month USD LIBOR,
				expiring March 2011, Broker JPMorgan Chase (f)		(2,356,800	)
		6		Pay a fixed rated of 5.135% and receive a floating rate based on 3-month LIBOR,
				expiring April 2008, Broker Barclays Bank Plc (f)		(396,726	)
		20		Pay a fixed rated of 5.4475% and receive a floating rate based on 3-month LIBOR,
				expiring May 2010, Broker Credit Suisse International (f)		(1,095,218	)
		5		Pay a fixed rated of 5.485% and receive a floating rate based on expiring 3-month
				LIBOR, expiring October 2009, Broker JPMorgan Chase (f)		(380,111	)
		70		Pay a fixed rated of 5.50% and receive a floating rate based on 3-month USD LIBOR,
				expiring March 2010, Broker UBS AG (f)		(2,919,000	)
		39		Pay a fixed rated of 5.50% and receive a floating rate based on 3-month USD LIBOR,
				expiring September 2011, Broker Citibank NA (f)		(2,701,920	)
		12		Pay a fixed rated of 5.67% and receive a floating rate based on 3-month LIBOR,
				expiring January 2010, Broker Citibank NA (f)		(1,002,379	)
		19		Pay a fixed rated of 5.685% and receive a floating rate based on 3-month LIBOR,
				expiring May 2010, Broker Lehman Brothers Special Financing (f)		(2,275,963	)
		64		Pay a fixed rated of 5.88% and receive a floating rate based on 3-month LIBOR,
				expiring June 2008, Broker Deutsche Bank AG (f)		(7,945,796	)
		4		Receive a fixed rated of 5.46% and pay a floating rate based on 3-month LIBOR,
				expiring August 2008, Broker JPMorgan Chase (f)		(310,958	)
		7		Euro dollar future expires March 2008 USD 94		(54,162	)
						(27,414,232	)
Put Options Written		4		Pay a fixed rated of 5.46% and receive a floating rate based on 3-month LIBOR,
				expiring August 2008, Broker JPMorgan Chase (f)		(21,899	)


BlackRock Income Trust, Inc.
Schedule of Investments as of January 31, 2008 (Unaudited)			(in U.S. dollars)
	Number of
	Contracts	Options Written	Value
	7	Receive a fixed rate of 5.115% and pay a floating rate based on 3-month LIBOR,
		expiring March 2008, Broker Lehman Brothers Special Financing (f)	$	(10,775	)
	6	Receive a fixed rate of 5.135% and pay a floating rate based on 3-month LIBOR,
		expiring April 2008, Broker Barclays Bank Plc (f)		(11,389	)
	20	Receive a fixed rate of 5.4475% and pay a floating rate based on 3-month LIBOR,
		expiring May 2010, Broker Credit Suisse International (f)		(2,062,671	)
	5	Receive a fixed rate of 5.485% and pay a floating rate based on 3-month LIBOR,
		expiring October 2009, Broker JPMorgan Chase (f)		(127,046	)
	12	Receive a fixed rate of 5.67% and pay a floating rate based on 3-month LIBOR,
		expiring January 2010, Broker Citibank NA (f)		(263,537	)
	19	Receive a fixed rate of 5.685% and pay a floating rate based on 3-month LIBOR,
		expiring May 2010, Broker Lehman Brothers Special Financing (f)		(886,418	)
				(3,383,735	)
		Total Options Written (Premiums Received - $12,943,071) - (7.4%)		(30,797,967	)
		Total Investments Net of TBA Sale Commitments, Short Sales and Options Written
		(Cost - $489,518,562) - 115.5%		477,841,820
		Liabilities in Excess of Other Assets - (15.5%)		(63,958,136	)
		Net Assets - 100.0%	$	413,883,684

The cost and unrealized appreciation and (depreciation) of investments as of January 31, 2008, as computed for federal income tax purposes, were as follows:

Aggregate cost	$	601,952,970
Gross unrealized appreciation	$	37,741,163
Gross unrealized depreciation		(27,463,472	)
Net unrealized appreciation	$	10,277,691

†	One contract represents a notional amount of $1,000,000.
††	Asset-Backed and Mortgage-Backed Securities are subject to principal paydowns. As a result of the prepayments or refinancings of the underlying instruments, the average life may be substantially less than the original maturity.
(a)	Variable rate security.
(b)	Represents as zero coupon bond; the interest rate shown reflects the effective yield at the time of purchase.
(c)	Represents the interest only portion of an asset-backed or mortgage-backed security and has neither a nominal or notional amount of principal.
(d)	Represents or includes a "to-be-announced" transaction. The Trust has committed to purchasing securities for which all specific information is not available at this time.
(e)	Represents the principal only portion of a mortgage-backed security.
(f)	This European style swaption, which can be exercised only on the expiration date, represents a standby commitment whereby the writer of the option is obligated to enter into a predetermined interest rate swap contract upon exercise of swaption.
(g)	Separately Traded Registered Interest and Principal of Securities.
	• Financial futures contract sold as of January 31, 2008 were as follows:

Number of						Unrealized
Contracts	Issue	Expiration Date		Face Value		Depreciation
1,520	2-Year U.S.
	Treasury Bond	March 2008	$	319,395,549	$	(4,696,951	)
35	5-Year U.S.
	Treasury Bond	March 2008	$	3,844,454		(110,546	)
1,592	10-Year U.S.
	Treasury Bond	March 2008	$	181,248,185		(4,568,065	)
430	30-Year U.S.
	Treasury Bond	March 2008	$	50,745,419		(558,956	)
158	EuroDollar Futures	March 2008	$	37,679,357		(673,168	)
146	EuroDollar Futures	June 2008	$	34,929,402		(661,747	)
148	EuroDollar Futures	September 2008	$	35,433,352		(661,998	)
122	EuroDollar Futures	December 2008	$	29,220,367		(497,308	)
116	EuroDollar Futures	March 2009	$	27,752,835		(454,015	)
106	EuroDollar Futures	June 2009	$	25,359,835		(362,390	)

BlackRock Income Trust, Inc.
Schedule of Investments as of January 31, 2008 (Unaudited)										(in U.S. dollars)

Number of					Unrealized
Contracts	Issue	Expiration Date	Face Value		Depreciation
114	EuroDollar Futures	September 2009	$	27,236,635	$	(378,440	)
47	EuroDollar Futures	December 2009	$	11,306,832		(59,531	)
41	EuroDollar Futures	March 2010	$	9,843,000		(56,962	)
41	EuroDollar Futures	June 2010	$	9,828,487		(55,587	)
41	EuroDollar Futures	September 2010	$	9,815,762		(53,963	)
16	EuroDollar Futures	December 2010	$	3,840,751		(5,649	)
Total Unrealized Depreciation - Net					$	(13,855,276	)
• Swaps outstanding as of January 31, 2008 were as follows:

			Unrealized
	Notional		Appreciation
	Amount		(Depreciation)
Pay a fixed rate of 5.37625% and receive a floating rate based on 3-month USD LIBOR

Broker, Bank of America, NA
Expires July 2009	$	187,370,000	$	6,758,812

Receive a fixed rate of 5.38341% and pay a floating rate based on 3-month USD LIBOR

Broker, Credit Suisse First Boston
Expires July 2009	$	200,000,000		7,153,827

Receive a fixed rate of 4.7775% and pay a floating rate based on 3-month USD LIBOR

Broker, Citibank, NA
Expires August 2009	$	18,800,000		558,211

Receive a fixed rate of 4.034% and pay a floating rate based on 3-month USD LIBOR

Broker, Deutsche Bank AG London
Expires December 2009	$	16,200,000		323,394

Receive a fixed rate of 4.10% and pay a floating rate based on 3-month USD LIBOR

Broker, Lehman Brothers Special Financing
Expires December 2009	$	12,600,000		267,185

Receive a fixed rate of 4.05% and pay a floating rate based on 3-month USD LIBOR

Broker, Barclays Bank, Plc
Expires December 2009	$	5,600,000		113,402

Pay a fixed rate of 3.535% and receive a floating rate based on 3-month USD LIBOR

Broker, Lehman Brothers Special Financing
Expires January 2010	$	29,300,000		(307,870	)

Receive a fixed rate of 4.31996% and pay a floating rate based on 3-month USD LIBOR

Broker, UBS Warburg
Expires September 2010	$	12,000,000		375,066

Receive a fixed rate of 4.95% and pay a floating rate based on 3-month USD LIBOR

Broker, UBS Warburg
Expires November 2011	$	4,400,000		258,319

BlackRock Income Trust, Inc.
Schedule of Investments as of January 31, 2008 (Unaudited)			(in U.S. dollars)
			Unrealized
		Notional	Appreciation
		Amount	(Depreciation)
Receive a fixed rate of 5.025% and pay a floating rate based on 3-month USD LIBOR

Broker, Deutsche Bank AG London
Expires November 2011	$	3,000,000	$	184,374

Receive a fixed rate of 5.39256% and pay a floating rate based on 3-month LIBOR

Broker, Credit Suisse First Boston
Expires June 2012	$	64,000,000		5,025,210

Pay a fixed rate of 4.88911% and receive a floating rate based on 3-month USD LIBOR

Broker, Goldman Sachs Capital Markets
Expires April 2014	$	19,000,000		(1,384,175	)

Pay a fixed rate of 4.39919% and receive a floating rate based on 3-month USD LIBOR

Broker, Deutsche Bank AG London
Expires October 2014	$	12,500,000		(398,495	)

Receive a fixed rate of 4.8834% and pay a floating rate based on 3-month USD LIBOR

Broker, UBS Warburg
Expires March 2015	$	25,000,000		2,047,129

Pay a fixed rate of 4.925% and receive a floating rate based on 3-month USD LIBOR
Municipal Swap Index rate

Broker, Deutsche Bank AG London
Expires March 2015	$	16,000,000		(971,490	)

Pay a fixed rate of 4.50% and receive a floating rate based on 3-month USD LIBOR

Broker, JPMorgan Chase
Expires May 2015	$	3,000,000		(103,273	)

Receive a fixed rate of 4.442% and pay a floating rate based on 3-month USD LIBOR

Broker, Morgan Stanley Capital Services Inc.
Expires July 2015	$	4,500,000		129,283

Receive a fixed rate of 5.94% and pay a floating rate based on 3-month USD LIBOR

Broker, UBS Warburg
Expires December 2015	$	2,800,000		360,094

Receive a fixed rate of 4.87% and pay a floating rate based on 3-month LIBOR
Municipal Swap Index rate

Broker, Goldman Sachs Capital Markets
Expires January 2016	$	5,500,000		313,616

Receive a fixed rate of 5.723% and pay a floating rate based on 3-month USD LIBOR

Broker, JPMorgan Chase
Expires July 2016	$	5,400,000		621,621

BlackRock Income Trust, Inc.
Schedule of Investments as of January 31, 2008 (Unaudited)			(in U.S. dollars)
			Unrealized
	Notional		Appreciation
	Amount		(Depreciation)
Receive a fixed rate of 5.295% and pay a floating rate based on 3-month USD LIBOR

Broker, UBS Warburg
Expires February 2017	$	11,900,000	$	1,022,104

Receive a fixed rate of 5.25% and pay a floating rate based on 3-month USD LIBOR

Broker, Goldman Sachs Capital Markets
Expires April 2017	$	800,000		64,412

Pay a fixed rate of 5.74% and receive a floating rate based on 3-month USD LIBOR

Broker, Deutsche Bank AG London
Expires June 2017	$	1,400,000		(166,279	)

Pay a fixed rate of 5.5451% and receive a floating rate based on 3-month USD LIBOR

Broker, Deutsche Bank AG London
Expires June 2017	$	1,800,000		(186,476	)

Pay a fixed rate of 5.6825% and receive a floating rate based on 3-month LIBOR

Broker, Lehman Brothers Special Financing
Expires June 2017	$	5,200,000		(591,050	)

Pay a fixed rate of 5.85% and receive a floating rate based on 3-month USD LIBOR

Broker, Deutsche Bank AG London
Expires June 2017	$	1,000,000		(127,404	)

Receive a fixed rate of 5.505% and pay a floating rate based on 3-month USD LIBOR

Broker, Bank of America, NA
Expires August 2017	$	165,647,000		17,004,927

Pay a fixed rate of 4.54% and receive a floating rate based on 3-month USD LIBOR

Broker, Morgan Stanley Capital Services Inc.
Expires December 2017	$	7,700,000		(166,364	)

Pay a fixed rate of 4.4575% and receive a floating rate based on 3-month USD LIBOR

Broker, Goldman Sachs Capital Markets
Expires January 2018	$	2,600,000		(36,541	)

Receive a fixed rate of 5.411% and pay a floating rate based on 3-month LIBOR

Broker, JPMorgan Chase
Expires August 2022	$	9,565,000		854,489
Total			$	38,996,058

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 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 Income Trust, Inc.

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

Date: March 24, 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 Income Trust, Inc.

Date: March 24, 2008

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

Date: March 24, 2008