0000891092-11-005260.txt : 20110809 0000891092-11-005260.hdr.sgml : 20110809 20110809170204 ACCESSION NUMBER: 0000891092-11-005260 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20110809 DATE AS OF CHANGE: 20110809 EFFECTIVENESS DATE: 20110809 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BLACKROCK EQUITY DIVIDEND FUND CENTRAL INDEX KEY: 0000814507 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-14517 FILM NUMBER: 111021702 BUSINESS ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 08543-9011 BUSINESS PHONE: 800-441-7762 MAIL ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 08543-9011 FORMER COMPANY: FORMER CONFORMED NAME: MERRILL LYNCH EQUITY DIVIDEND FUND DATE OF NAME CHANGE: 20051128 FORMER COMPANY: FORMER CONFORMED NAME: MERRILL LYNCH EQUITY INCOME FUND DATE OF NAME CHANGE: 20010103 FORMER COMPANY: FORMER CONFORMED NAME: MERRILL LYNCH DIVIDEND APPRECIATION FUND DATE OF NAME CHANGE: 19870803

0000814507 S000002243 BLACKROCK EQUITY DIVIDEND FUND

C000005780 Investor A

C000005781 Investor B

C000005782 Investor C

C000005783 Institutional

C000005784 Class R

C000038256 Service

C000100227 Investor C1

497 1 e44796_497.htm SUPPLEMENT

BlackRock Equity Dividend Fund
(the “Fund”)

Supplement dated August 9, 2011
to the Prospectuses dated November 24, 2010 and May 16, 2011, as applicable

The following changes are made to the Fund’s Prospectus:

The section in the Prospectus captioned “Fund Overview — Key Facts About BlackRock Equity Dividend Fund — Portfolio Managers” is deleted in its entirety and replaced with the following:

Portfolio Managers


Name	Portfolio Manager of the Fund Since	Title

Robert M. Shearer, CFA	2001	Managing Director of BlackRock, Inc.

Kathleen M. Anderson	2003	Managing Director of BlackRock, Inc.

David J. Cassese, CFA	2011	Director of BlackRock, Inc.

The section in the Prospectus captioned “Details About the Fund — How the Fund Invests — About the Portfolio Management of the Fund” is deleted in its entirety and replaced with the following:

ABOUT THE PORTFOLIO MANAGEMENT OF THE FUND

The Fund is managed by a team of financial professionals. Robert M. Shearer, CFA, Kathleen M. Anderson and David J. Cassese, CFA are the portfolio managers and are jointly and primarily responsible for the day-to-day management of the Fund’s portfolio. Please see “Management of the Fund — Portfolio Manager Information” for additional information on the portfolio management team.

The section in the Prospectus captioned “Management of the Fund — Portfolio Manager Information” is deleted in its entirety and replaced with the following:

Information regarding the portfolio managers of the Fund is set forth below. Further information regarding the portfolio managers, including other accounts managed, compensation, ownership of Fund shares and possible conflicts of interest, is available in the Fund’s SAI.

The Fund is managed by a team of financial professionals led by Robert M. Shearer, CFA, Kathleen M. Anderson and David J. Cassese, CFA. Mr. Shearer, Ms. Anderson and Mr. Cassese are jointly and primarily responsible for the day-to-day management of the Fund.


Portfolio Manager	Primary Role	Since	Title and Recent Biography

Robert M. Shearer, CFA	Responsible for the day-to-day	2001	Managing Director of BlackRock, Inc. since
	management of the Fund.		2006; Managing Director of Merrill Lynch
			Investment Managers, L.P. (“MLIM”) from
			2000 to 2006.

Kathleen M. Anderson	Responsible for the day-to-day	2003	Managing Director of BlackRock, Inc. since
	management of the Fund.		2007; Director of BlackRock, Inc. in 2006;
			Director of MLIM from 2000 to 2006.

David J. Cassese, CFA	Responsible for the day-to-day	2011	Director of BlackRock, Inc. since 2011;
	management of the Fund		Portfolio Manager of Oppenheimer Capital
			from 2005 to 2011.

Shareholders should retain this Supplement for future reference.

ALLPR-EQD-0811SUP