X0303 4 2009-06-22 0 0001379384 BLACKROCK PREFERRED & EQUITY ADVANTAGE TRUST BTZ 0000070858 BANK OF AMERICA CORP /DE/ BANK OF AMERICA CORPORATE CENTER 100 N TRYON ST CHARLOTTE NC 28255 0 0 1 0 0000728612 MERRILL LYNCH, PIERCE, FENNER & SMITH INC. 4 WORLD FINANCIAL CENTER NORTH TOWER NEW YORK NY 10080 0 0 1 0 Common Stock 2009-06-22 2009-06-22 4 P 0 750 9.3189 A 750 I By Subsidiary Common Stock 2009-06-22 2009-06-22 4 S 0 200 9.36 D 550 I By Subsidiary Common Stock 2009-06-22 2009-06-22 4 S 0 550 9.37 D 0 I By Subsidiary The transactions reported on this Form 4 were affected by Merrill Lynch, Pierce, Fenner & Smith, Incorporated, an indirect, wholly owned subsidiary of Bank of America Corporation. /S/ Debra I. Cho, Senior Vice President, on Behalf of Bank of America Corporation 2009-06-29 /S/ Adam Strouse, Attorney-in-Fact, on Behalf of Merrill Lynch, Pierce, Fenner & Smith, Incorporated 2009-06-29