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    <filerInfo>
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          <ccc>XXXXXXXX</ccc>
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      <notifications/>
      <notifications/>
      <notifications/>
      <notifications/>
      <notifications/>
      <notifications/>
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    <generalInfo>
      <reportDate>2016-04-30</reportDate>
      <cik>0000844779</cik>
      <seriesId>S000001522</seriesId>
      <totalShareClassesInSeries>3</totalShareClassesInSeries>
      <finalFilingFlag>Y</finalFilingFlag>
      <fundLiquidatingFlag>Y</fundLiquidatingFlag>
      <fundMrgOrAcqrdByOthrFlag>N</fundMrgOrAcqrdByOthrFlag>
      <fundAcqrdOrMrgdWthAnthrFlag>N</fundAcqrdOrMrgdWthAnthrFlag>
    </generalInfo>
    <seriesLevelInfo>
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      <adviser>
        <adviserName>BlackRock Advisors, LLC</adviserName>
        <adviserFileNumber>801-47710</adviserFileNumber>
      </adviser>
      <indpPubAccountant>
        <name>Deloitte &amp; Touche LLP</name>
        <city>Philadelphia</city>
        <stateCountry>PA</stateCountry>
      </indpPubAccountant>
      <administrator>
        <administratorName>BlackRock Advisors, LLC</administratorName>
      </administrator>
      <administrator>
        <administratorName>BNY Mellon Investment Servicing (US) Inc.</administratorName>
      </administrator>
      <transferAgent>
        <name>BNY Mellon Investment Servicing (US) Inc.</name>
        <cik>0000849542</cik>
        <fileNumber>084-01761</fileNumber>
      </transferAgent>
      <feederFundFlag>N</feederFundFlag>
      <masterFundFlag>N</masterFundFlag>
      <seriesFundInsuCmpnySepAccntFlag>N</seriesFundInsuCmpnySepAccntFlag>
      <moneyMarketFundCategory>Other Tax Exempt</moneyMarketFundCategory>
      <fundExemptRetailFlag>Y</fundExemptRetailFlag>
      <averagePortfolioMaturity>3</averagePortfolioMaturity>
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        <ns3:fridayWeek3>0.1256</ns3:fridayWeek3>
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        <ns3:fridayWeek4>1.0000</ns3:fridayWeek4>
        <ns3:fridayWeek5>1.0000</ns3:fridayWeek5>
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      <cash>649651.13</cash>
      <totalValuePortfolioSecurities>200000.00</totalValuePortfolioSecurities>
      <amortizedCostPortfolioSecurities>200000.00</amortizedCostPortfolioSecurities>
      <totalValueOtherAssets>27111.09</totalValueOtherAssets>
      <totalValueLiabilities>81164.32</totalValueLiabilities>
      <netAssetOfSeries>795597.90</netAssetOfSeries>
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      <stablePricePerShare>1.0000</stablePricePerShare>
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        <ns3:fridayWeek3>1.0002</ns3:fridayWeek3>
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      </netAssetValue>
    </seriesLevelInfo>
    <classLevelInfo>
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      <netAssetsOfClass>0.00</netAssetsOfClass>
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      <netAssetPerShare>
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        <ns3:fridayWeek3>1.0002</ns3:fridayWeek3>
        <ns3:fridayWeek4>1.0000</ns3:fridayWeek4>
        <ns3:fridayWeek5>0.0000</ns3:fridayWeek5>
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        <weeklyGrossSubscriptions>235969.84</weeklyGrossSubscriptions>
        <weeklyGrossRedemptions>3609779.10</weeklyGrossRedemptions>
      </fridayWeek1>
      <fridayWeek2>
        <weeklyGrossSubscriptions>1175325.95</weeklyGrossSubscriptions>
        <weeklyGrossRedemptions>1544808.75</weeklyGrossRedemptions>
      </fridayWeek2>
      <fridayWeek3>
        <weeklyGrossSubscriptions>368811.79</weeklyGrossSubscriptions>
        <weeklyGrossRedemptions>455741.50</weeklyGrossRedemptions>
      </fridayWeek3>
      <fridayWeek4>
        <weeklyGrossSubscriptions>2154112.40</weeklyGrossSubscriptions>
        <weeklyGrossRedemptions>1108512.43</weeklyGrossRedemptions>
      </fridayWeek4>
      <fridayWeek5>
        <weeklyGrossSubscriptions>231670.86</weeklyGrossSubscriptions>
        <weeklyGrossRedemptions>36998168.46</weeklyGrossRedemptions>
      </fridayWeek5>
      <totalForTheMonthReported>
        <weeklyGrossSubscriptions>3929921.00</weeklyGrossSubscriptions>
        <weeklyGrossRedemptions>40211409.80</weeklyGrossRedemptions>
      </totalForTheMonthReported>
      <sevenDayNetYield>0.0000</sevenDayNetYield>
      <personPayForFundFlag>Y</personPayForFundFlag>
      <nameOfPersonDescExpensePay>BlackRock Advisors waived/reimbursed $22,366 in management/administration fees.</nameOfPersonDescExpensePay>
    </classLevelInfo>
    <classLevelInfo>
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      <netAssetsOfClass>0.00</netAssetsOfClass>
      <numberOfSharesOutstanding>0.00</numberOfSharesOutstanding>
      <netAssetPerShare>
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        <ns3:fridayWeek5>0.0000</ns3:fridayWeek5>
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      <fridayWeek1>
        <weeklyGrossSubscriptions>150232.64</weeklyGrossSubscriptions>
        <weeklyGrossRedemptions>4006740.25</weeklyGrossRedemptions>
      </fridayWeek1>
      <fridayWeek2>
        <weeklyGrossSubscriptions>1359364.92</weeklyGrossSubscriptions>
        <weeklyGrossRedemptions>484513.30</weeklyGrossRedemptions>
      </fridayWeek2>
      <fridayWeek3>
        <weeklyGrossSubscriptions>2273149.71</weeklyGrossSubscriptions>
        <weeklyGrossRedemptions>38965.48</weeklyGrossRedemptions>
      </fridayWeek3>
      <fridayWeek4>
        <weeklyGrossSubscriptions>383573.50</weeklyGrossSubscriptions>
        <weeklyGrossRedemptions>1732110.44</weeklyGrossRedemptions>
      </fridayWeek4>
      <fridayWeek5>
        <weeklyGrossSubscriptions>3682510.57</weeklyGrossSubscriptions>
        <weeklyGrossRedemptions>44532805.14</weeklyGrossRedemptions>
      </fridayWeek5>
      <totalForTheMonthReported>
        <weeklyGrossSubscriptions>5464414.47</weeklyGrossSubscriptions>
        <weeklyGrossRedemptions>51203604.28</weeklyGrossRedemptions>
      </totalForTheMonthReported>
      <sevenDayNetYield>0.0000</sevenDayNetYield>
      <personPayForFundFlag>Y</personPayForFundFlag>
      <nameOfPersonDescExpensePay>BlackRock Advisors waived/reimbursed $23,765 in management/administration fees.  BlackRock Investments, LLC waived $8,224 in service/distribution fees.</nameOfPersonDescExpensePay>
    </classLevelInfo>
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      <minInitialInvestment>1000.00</minInitialInvestment>
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        <ns3:fridayWeek1>1.0003</ns3:fridayWeek1>
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      </netAssetPerShare>
      <fridayWeek1>
        <weeklyGrossSubscriptions>275.00</weeklyGrossSubscriptions>
        <weeklyGrossRedemptions>0.00</weeklyGrossRedemptions>
      </fridayWeek1>
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        <weeklyGrossSubscriptions>2553.27</weeklyGrossSubscriptions>
        <weeklyGrossRedemptions>0.00</weeklyGrossRedemptions>
      </fridayWeek2>
      <fridayWeek3>
        <weeklyGrossSubscriptions>0.00</weeklyGrossSubscriptions>
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      </fridayWeek4>
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        <weeklyGrossSubscriptions>418.94</weeklyGrossSubscriptions>
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      <totalForTheMonthReported>
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      </totalForTheMonthReported>
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      <personPayForFundFlag>Y</personPayForFundFlag>
      <nameOfPersonDescExpensePay>BlackRock Advisors waived/reimbursed $1,255 in management/administration fees.  BlackRock Investments, LLC waived $320 in service/distribution fees.</nameOfPersonDescExpensePay>
    </classLevelInfo>
    <scheduleOfPortfolioSecuritiesInfo>
      <nameOfIssuer>MURRAY CITY UTAH</nameOfIssuer>
      <titleOfIssuer>MURRAY CITY UTAH HOSP REV 0.250000%</titleOfIssuer>
      <CUSIPMember>626853CJ2</CUSIPMember>
      <ISINId>US626853CJ23</ISINId>
      <investmentCategory>Variable Rate Demand Note</investmentCategory>
      <securityRated>First Tier Security</securityRated>
      <designatedNrsro>
        <nameOfDesignatedNRSRO>Fitch, Inc.</nameOfDesignatedNRSRO>
        <creditRatingDesignatedNRSRO>NR</creditRatingDesignatedNRSRO>
      </designatedNrsro>
      <designatedNrsro>
        <nameOfDesignatedNRSRO>Moody's Investors Service, Inc.</nameOfDesignatedNRSRO>
        <creditRatingDesignatedNRSRO>VMIG1</creditRatingDesignatedNRSRO>
      </designatedNrsro>
      <designatedNrsro>
        <nameOfDesignatedNRSRO>Standard and Poor's Ratings Services</nameOfDesignatedNRSRO>
        <creditRatingDesignatedNRSRO>A-1+</creditRatingDesignatedNRSRO>
      </designatedNrsro>
      <investmentMaturityDateWAM>2016-05-02</investmentMaturityDateWAM>
      <investmentMaturityDateWAL>2016-05-02</investmentMaturityDateWAL>
      <finalLegalInvestmentMaturityDate>2037-05-15</finalLegalInvestmentMaturityDate>
      <securityDemandFeatureFlag>Y</securityDemandFeatureFlag>
      <demandFeature>
        <identityOfDemandFeatureIssuer>WELLS FARGO &amp; COMPANY</identityOfDemandFeatureIssuer>
        <designatedNRSRODemandFeature>
          <nameOfDesignatedNRSRO>Fitch, Inc.</nameOfDesignatedNRSRO>
          <creditRatingDesignatedNRSRO>F1+</creditRatingDesignatedNRSRO>
        </designatedNRSRODemandFeature>
        <designatedNRSRODemandFeature>
          <nameOfDesignatedNRSRO>Moody's Investors Service, Inc.</nameOfDesignatedNRSRO>
          <creditRatingDesignatedNRSRO>P-1</creditRatingDesignatedNRSRO>
        </designatedNRSRODemandFeature>
        <designatedNRSRODemandFeature>
          <nameOfDesignatedNRSRO>Standard and Poor's Ratings Services</nameOfDesignatedNRSRO>
          <creditRatingDesignatedNRSRO>A-1</creditRatingDesignatedNRSRO>
        </designatedNRSRODemandFeature>
        <amountProvidedByDemandFeatureIssuer>1.0000</amountProvidedByDemandFeatureIssuer>
        <remainingPeriodDemandFeature>1</remainingPeriodDemandFeature>
        <demandFeatureConditionalFlag>N</demandFeatureConditionalFlag>
      </demandFeature>
      <securityGuaranteeFlag>N</securityGuaranteeFlag>
      <securityEnhancementsFlag>N</securityEnhancementsFlag>
      <yieldOfTheSecurityAsOfReportingDate>0.0025</yieldOfTheSecurityAsOfReportingDate>
      <totalValueOfFundPosition>100000.00</totalValueOfFundPosition>
      <includingValueOfAnySponsorSupport>100000.00</includingValueOfAnySponsorSupport>
      <excludingValueOfAnySponsorSupport>100000.00</excludingValueOfAnySponsorSupport>
      <percentageOfMoneyMarketFundNetAssets>0.1257</percentageOfMoneyMarketFundNetAssets>
      <securityCategorizedAtLevel3Flag>N</securityCategorizedAtLevel3Flag>
      <dailyLiquidAssetSecurityFlag>Y</dailyLiquidAssetSecurityFlag>
      <weeklyLiquidAssetSecurityFlag>Y</weeklyLiquidAssetSecurityFlag>
      <illiquidSecurityFlag>N</illiquidSecurityFlag>
    </scheduleOfPortfolioSecuritiesInfo>
    <scheduleOfPortfolioSecuritiesInfo>
      <nameOfIssuer>RALEIGH-DURHAM N C ARPT AUTH</nameOfIssuer>
      <titleOfIssuer>RALEIGH-DURHAM N C ARPT AUTH A 0.400000%</titleOfIssuer>
      <CUSIPMember>751073GK7</CUSIPMember>
      <ISINId>US751073GK75</ISINId>
      <investmentCategory>Variable Rate Demand Note</investmentCategory>
      <securityRated>First Tier Security</securityRated>
      <designatedNrsro>
        <nameOfDesignatedNRSRO>Fitch, Inc.</nameOfDesignatedNRSRO>
        <creditRatingDesignatedNRSRO>F1+</creditRatingDesignatedNRSRO>
      </designatedNrsro>
      <designatedNrsro>
        <nameOfDesignatedNRSRO>Moody's Investors Service, Inc.</nameOfDesignatedNRSRO>
        <creditRatingDesignatedNRSRO>VMIG1</creditRatingDesignatedNRSRO>
      </designatedNrsro>
      <designatedNrsro>
        <nameOfDesignatedNRSRO>Standard and Poor's Ratings Services</nameOfDesignatedNRSRO>
        <creditRatingDesignatedNRSRO>NR</creditRatingDesignatedNRSRO>
      </designatedNrsro>
      <investmentMaturityDateWAM>2016-05-06</investmentMaturityDateWAM>
      <investmentMaturityDateWAL>2016-05-06</investmentMaturityDateWAL>
      <finalLegalInvestmentMaturityDate>2036-05-01</finalLegalInvestmentMaturityDate>
      <securityDemandFeatureFlag>Y</securityDemandFeatureFlag>
      <demandFeature>
        <identityOfDemandFeatureIssuer>ROYAL BANK OF CANADA</identityOfDemandFeatureIssuer>
        <designatedNRSRODemandFeature>
          <nameOfDesignatedNRSRO>Fitch, Inc.</nameOfDesignatedNRSRO>
          <creditRatingDesignatedNRSRO>F1+</creditRatingDesignatedNRSRO>
        </designatedNRSRODemandFeature>
        <designatedNRSRODemandFeature>
          <nameOfDesignatedNRSRO>Moody's Investors Service, Inc.</nameOfDesignatedNRSRO>
          <creditRatingDesignatedNRSRO>P-1</creditRatingDesignatedNRSRO>
        </designatedNRSRODemandFeature>
        <designatedNRSRODemandFeature>
          <nameOfDesignatedNRSRO>Standard and Poor's Ratings Services</nameOfDesignatedNRSRO>
          <creditRatingDesignatedNRSRO>A-1+</creditRatingDesignatedNRSRO>
        </designatedNRSRODemandFeature>
        <amountProvidedByDemandFeatureIssuer>1.0000</amountProvidedByDemandFeatureIssuer>
        <remainingPeriodDemandFeature>7</remainingPeriodDemandFeature>
        <demandFeatureConditionalFlag>N</demandFeatureConditionalFlag>
      </demandFeature>
      <securityGuaranteeFlag>N</securityGuaranteeFlag>
      <securityEnhancementsFlag>N</securityEnhancementsFlag>
      <yieldOfTheSecurityAsOfReportingDate>0.0040</yieldOfTheSecurityAsOfReportingDate>
      <totalValueOfFundPosition>100000.00</totalValueOfFundPosition>
      <includingValueOfAnySponsorSupport>100000.00</includingValueOfAnySponsorSupport>
      <excludingValueOfAnySponsorSupport>100000.00</excludingValueOfAnySponsorSupport>
      <percentageOfMoneyMarketFundNetAssets>0.1257</percentageOfMoneyMarketFundNetAssets>
      <securityCategorizedAtLevel3Flag>N</securityCategorizedAtLevel3Flag>
      <dailyLiquidAssetSecurityFlag>N</dailyLiquidAssetSecurityFlag>
      <weeklyLiquidAssetSecurityFlag>Y</weeklyLiquidAssetSecurityFlag>
      <illiquidSecurityFlag>N</illiquidSecurityFlag>
    </scheduleOfPortfolioSecuritiesInfo>
    <signature>
      <registrant>BlackRock Funds</registrant>
      <signatureDate>2016-05-06</signatureDate>
      <signature>/s/ Neal J. Andrews</signature>
      <nameOfSigningOfficer>Neal J. Andrews</nameOfSigningOfficer>
      <titleOfSigningOfficer>Chief Financial Officer</titleOfSigningOfficer>
    </signature>
  </formData>
</edgarSubmission>
