-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, CvbiFa+0uFceJnaW/aJROtXd4o+HBvGD410XbLfc5Tlp3wDA1Ug69JNhE46a0y9P Qjy3Q/OrXOd8EGlVkK7txg== 0000845851-98-000001.txt : 19980227 0000845851-98-000001.hdr.sgml : 19980227 ACCESSION NUMBER: 0000845851-98-000001 CONFORMED SUBMISSION TYPE: NSAR-B PUBLIC DOCUMENT COUNT: 4 CONFORMED PERIOD OF REPORT: 19971231 FILED AS OF DATE: 19980226 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: BLACKROCK ADVANTAGE TERM TRUST INC CENTRAL INDEX KEY: 0000845851 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 133504092 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: NSAR-B SEC ACT: SEC FILE NUMBER: 811-05757 FILM NUMBER: 98549907 BUSINESS ADDRESS: STREET 1: 199 WATER ST CITY: NEW YORK STATE: NY ZIP: 10292 BUSINESS PHONE: 2122142856 FORMER COMPANY: FORMER CONFORMED NAME: BLACKSTONE ADVANTAGE TERM TRUST INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: BLACKSTONE STAR TRUST INC DATE OF NAME CHANGE: 19900312 NSAR-B 1 N-SAR (3.0.A) PAGE 1 000 B000000 12/31/97 000 C000000 0000845851 000 D000000 N 000 E000000 NF 000 F000000 Y 000 G000000 N 000 H000000 N 000 I000000 3.0.a 000 J000000 A 001 A000000 THE BLACKROCK ADVANTAGE TERM TRUST INC. 001 B000000 811-5757 001 C000000 9733677530 002 A000000 100 MULBERRY STREET, GC3, 9TH FLOOR 002 B000000 NEWARK 002 C000000 NJ 002 D010000 07102 002 D020000 4077 003 000000 N 004 000000 N 005 000000 N 006 000000 N 007 A000000 N 007 B000000 0 007 C010100 1 007 C010200 2 007 C010300 3 007 C010400 4 007 C010500 5 007 C010600 6 007 C010700 7 007 C010800 8 007 C010900 9 007 C011000 10 007 C011100 11 007 C011200 12 007 C011300 13 007 C011400 14 007 C011500 15 007 C011600 16 007 C011700 17 007 C011800 18 007 C011900 19 007 C012000 20 007 C012100 21 007 C012200 22 007 C012300 23 007 C012400 24 007 C012500 25 007 C012600 26 007 C012700 27 007 C012800 28 PAGE 2 007 C012900 29 007 C013000 30 007 C013100 31 007 C013200 32 007 C013300 33 007 C013400 34 007 C013500 35 007 C013600 36 007 C013700 37 007 C013800 38 007 C013900 39 007 C014000 40 008 A000001 BLACKROCK FINANCIAL MANAGEMENT, INC. 008 B000001 A 008 C000001 801-32183 008 D010001 NEW YORK 008 D020001 NY 008 D030001 10154 010 A000001 PRUDENTIAL INVESTMENTS FUND MANAGEMENT LLC 010 B000001 811-31104 010 C010001 NEWARK 010 C020001 NJ 010 C030001 07102 010 C040001 4077 011 A000001 PRUDENTIAL SECURITIES INCORPORATED 011 B000001 8-27154 011 C010001 NEW YORK 011 C020001 NY 011 C030001 10292 011 A000002 MORGAN KEEGAN + CO. 011 B000002 8-15001 011 C010002 MEMPHIS 011 C020002 TN 011 C030002 38103 011 A000003 PAINEWEBBER, INC. 011 B000003 8-16267 011 C010003 NEW YORK 011 C020003 NY 011 C030003 10019 011 A000004 GRUNTAL + CO., INC. 011 B000004 8-31022 011 C010004 NEW YORK 011 C020004 NY 011 C030004 10005 011 A000005 DELETE 012 A000001 STATE STREET BANK AND TRUST & COMPANY 012 B000001 84-0000 012 C010001 NORTH QUINCY 012 C020001 MA 012 C030001 02171 013 A000001 DELOITTE + TOUCHE LLP PAGE 3 013 B010001 NEW YORK 013 B020001 NY 013 B030001 10281 015 A000001 STATE STREET BANK AND TRUST & COMPANY 015 B000001 C 015 C010001 NORTH QUINCY 015 C020001 MA 015 C030001 02171 015 E010001 X 018 000000 Y 019 A000000 Y 019 B000000 28 019 C000000 BLACKROCK- 020 A000001 SALOMON SMITH BARNEY, INC. 020 B000001 13-1912900 020 C000001 8 020 A000002 MERRILL LYNCH, PIERCE FENNER & SMITH, INC. 020 B000002 13-5674085 020 C000002 6 020 C000003 0 020 C000004 0 020 C000005 0 020 C000006 0 020 C000007 0 020 C000008 0 020 C000009 0 020 C000010 0 021 000000 14 022 A000001 STATE STREET BANK AND TRUST COMPANY 022 B000001 04-1867445 022 C000001 106228 022 D000001 0 022 A000002 MORGAN (J.P.) 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6 0000845851 THE BLACKROCK ADVANTAGE TERM TRUST INC. YEAR DEC-31-1997 DEC-31-1997 137,106,348 148,463,078 1,838,448 5,550,372 0 155,851,898 114,071 0 54,904,923 55,018,994 0 87,646,503 9,510,667 9,510,667 3,770,414 0 (1,596,340) 0 11,012,327 100,832,904 0 8,280,412 0 997,236 7,283,176 259,009 3,206,477 10,748,662 0 (5,943,871) 0 0 0 0 0 4,804,791 2,295,109 (1,855,349) 0 0 489,035 0 997,236 97,493,000 10.10 0.76 0.36 (0.62) 0.00 0.00 10.60 1.02 0 0.00
EX-99 3 BLACKROCK ADVANTAGE TERM TRUST INTERNAL CONTROL LE - 2 - INDEPENDENT AUDITORS' REPORT To the Shareholders and Board of Directors of The BlackRock Advantage Term Trust, Inc.: In planning and performing our audit of the financial statements of The BlackRock Advantage Term Trust, Inc. (the "Trust") for the year ended December 31, 1997 (on which we have issued our report dated February 13, 1998), we considered its internal control, including control activities for safeguarding securities, in order to determine our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-SAR, and not to provide assurance on the Trust's internal control. The management of the Trust is responsible for establishing and maintaining internal control. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. Generally, controls that are relevant to an audit pertain to the entity's objective of preparing financial statements for external purposes that are fairly presented in conformity with generally accepted accounting principles. Those controls include the safeguarding of assets against unauthorized acquisition, use or disposition. Because of inherent limitations in any internal control, errors or fraud may occur and not be detected. Also, projection of any evaluation of internal control to future periods is subject to the risk that it may become inadequate because of changes in conditions or that the effectiveness of the design and operation may deteriorate. Our consideration of the Trust's internal control would not necessarily disclose all matters in internal control that might be material weaknesses under standards established by the American Institute of Certified Public Accountants. A material weakness is a condition in which the design or operation of one or more of the internal control components does not reduce to a relatively low level the risk that errors or fraud in amounts that would be material in relation to the financial statements being audited may occur and not be detected within a timely period by employees in the normal course of performing their assigned functions. However, we noted no matters involving the Trust's internal control and its operation, including controls for safeguarding securities, that we consider to be material weaknesses as defined above as of December 31, 1997. This report is intended solely for the information and use of the Trust's management and Board of Directors, and the Securities and Exchange Commission. Boston, Massachusetts February 13, 1998 EX-99 4 BLACKROCK ADVANTAGE TERM TRUST ATTACHMENT 77J EXHIBIT 77J Reclassification of Capital Accounts: The BlackRock Advantage Term Trust Inc. accounts for and reports distributions to shareholders in accordance with the American Institute of Certified Public Accountant's Statement of Position 93-2: Determination, Disclosure, and Financial Statement Presentation of Income, Capital Gain, and Return of Capital Distributions by Investment Companies. The effect caused by applying this statement was to decrease paid-in capital and increase undistributed net investment income by $136,000 due to certain expenses not being deductible for tax purposes. Net investment income, net realized gains and net assets were not affected by this change. -----END PRIVACY-ENHANCED MESSAGE-----