BlackRock Equity Dividend Trust (formerly, BlackRock Dividend
Achievers(tm) Trust)

77D(g)
Policies with respect to security investments

On February 11, 2011, the Board of Trustees of BlackRock
Equity Dividend Trust (the "Trust") approved the following
changes in the Trust's non-fundamental investment policies,
which were effective as of May 9, 2011:

The Trust will no longer use Mergent, Inc.'s Dividend
Achievers(tm) as the underlying universe for investment in equity
securities. Instead, the Trust will broaden its investment
guidelines to investing across the broader spectrum of
dividend paying equities. Under normal market conditions, at
least 80% of the Trust's total assets will be invested in
common stocks of issuers that pay dividends.  Similarly, the
investment strategy described in the Trust's non-fundamental
investment objective has been modified to remove reference to
"above average" dividend paying common stocks.

The Trust amended its restriction on other eligible
investments. Previously, the Trust was restricted to
investing, under normal market conditions, no more than 20% of
its total assets in equity securities that are not identified
as Dividend Achievers(tm) by Mergent. Similar to the 80% policy
change, the amended policy allows the Trust to invest, under
normal market conditions, up to 20% in common stocks of
issuers that do not pay dividends. The Trust also removed
investment policies limiting the market cap, position size or
number of holdings permitted in such Trust.

The Trust has removed its policy limiting its maximum
weighting of any individual issuer in its
portfolio to 5% at the time of purchase and its policy
limiting its portfolio to approximately 60 to 90 issuers from
the top 100 highest yielding common stocks in the Dividend
Achievers(tm) Universe.