BlackRock Basic Value Fund, Inc. (the "Registrant"):

77Q1(d):

Copies of all constituent instruments defining the rights
of holders of any new class of securities and of any
amendments to constituent instruments referred to in answer
to sub-item 77I

Attached please find as an exhibit to Sub-Item 77Q1(d) of
Form N-SAR a copy of the Registrant's Amended and Restated
Plan Pursuant to Rule 18f-3 Under the Investment Company
Act.


Exhibit 77Q1(d)

SELECT PRICING SYSTEM

AMENDED AND RESTATED PLAN PURSUANT TO RULE 18f-3 UNDER THE
INVESTMENT COMPANY ACT

     The mutual funds participating in the Select Pricing System
(individually a "Fund" and, collectively, the "Funds") may offer
Investor A, Investor A1, Investor B, Investor B1, Investor C,
Investor C1, Investor C2, Institutional, Institutional 1, Service,
BlackRock, Class K and Class R shares as follows:

Account Maintenance/Service and Distribution Fees

     Investor A, Investor A1, Investor B, Investor B1, Investor C,
Investor C1, Investor C2, Service and Class R shares bear the expenses
of the ongoing account maintenance/service fees applicable to the
particular Class. Investor B, Investor B1, Investor C, Investor C1,
Investor C2 and Class R shares bear the expenses of the ongoing
distribution fees applicable to the particular Class. Specific
shareholders within a Class may be subject to initial or contingent
deferred sales charges. The ongoing account maintenance/service fees,
the ongoing distribution fees and the initial or contingent deferred
sales charges applicable to a particular Class are as set forth in each
Fund's current prospectus and statement of additional information
(together, the "prospectus").

Transfer Agency Expenses

     Each Class shall bear any incremental transfer agency cost
applicable to the particular Class.

Voting Rights

     Each Class has exclusive voting rights on any matter submitted to
shareholders that relates solely to its account maintenance/service
fees or ongoing distribution fees, as may be applicable except that
Investor B and Investor B1 shareholders may vote on certain changes to
the ongoing fees paid by Investor A and Investor A1 shares,
respectively. Each Class shall have separate voting rights on any
matter submitted to shareholders in which the interests of one Class
differ from the interests of any other Class.

Dividends

     Dividends paid on each Class will be calculated in the same manner
at the same time and will differ only to the extent that any account
maintenance/service fee, any distribution fee and any incremental
transfer agency cost relates to a particular Class.

Conversion Features

     Holders of Investor B, Investor B1 and Institutional 1 shares will
have such conversion features to Investor A, Investor A1 and
Institutional shares, respectively, as set forth in each Fund's current
prospectus. Conversion features may vary among holders of Investor B
and Investor B1 shares.