Blackrock California Insured Municipal (BCK)

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Ticker: BCK

• Purchase • Sale • Planned purchase • Planned sale Net purchase Net sale Activity signal Earnings

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BLACKROCK FUNDING INC

Affiliate of the Adviser

2 sales — total 104,259 USD

Sale 27 May 2004

Value US$4,892,477.51 | Price 117.41 | Shares 54,718

Sale 27 May 2004

Value US$2,148,420.46 | Price 373.01 | Shares 83,021

Abbreviations B: Buy, S: Sell, PP: Planned purchase, PlS: Planned sale, PrS: Proposed sale, O: Option / Other

Notification date	Transaction date	B/S Transaction type	Insider and/or position	Nb. shares Price Value	Number of shares	Price	Value	Details
2004-06-01	2004-05-27	S Sale	BLACKROCK FUNDING INC Affiliate of the Adviser	54,718 -6.5% 117.41 US$4,892,478	54,718 -6.5%	117.41	US$4,892,478
2004-06-01	2004-05-27	S Sale	BLACKROCK FUNDING INC Affiliate of the Adviser	83,021 +33.6% 373.01 US$2,148,420	83,021 +33.6%	373.01	US$2,148,420

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