UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number 811-05611
Name of Fund: BlackRock MuniVest Fund, Inc. (MVF)
Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809
Name and address of agent for service: Donald C. Burke, Chief Executive Officer,
BlackRock MuniVest Fund, Inc., 800 Scudders Mill Road, Plainsboro, NJ
08536. Mailing address: P.O. Box 9011, Princeton, NJ 08543-9011
Registrant's telephone number, including area code: (800) 882-0052, Option 4
Date of fiscal year end: 08/31/2008
Date of reporting period: 09/01/2007 - 11/30/2007
Item 1 - Schedule of Investments
BlackRock MuniVest Fund, Inc.
Schedule of Investments as of November 30, 2007 (Unaudited) (in Thousands)
Face
State Amount Municipal Bonds Value
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Alabama - 2.9% $ 2,550 Camden, Alabama, IDB, Exempt Facilities Revenue Bonds (Weyerhaeuser Company),
Series A, 6.125% due 12/01/2024 $ 2,654
3,500 Huntsville, Alabama, Health Care Authority Revenue Bonds, Series A, 5.75%
due 6/01/2011 (a) 3,799
6,500 Prattville, Alabama, IDB, Environmental Improvement Revenue Bonds (International
Paper Company Projects), AMT, Series A, 4.75% due 12/01/2030 5,595
5,000 Selma, Alabama, IDB, Environmental Improvement Revenue Refunding Bonds
(International Paper Company Project), Series B, 5.50% due 5/01/2020 5,114
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Arizona - 2.4% 4,100 Maricopa County, Arizona, IDA, Education Revenue Bonds (Arizona Charter Schools
Project 1), Series A, 6.75% due 7/01/2029 3,921
2,100 Pima County, Arizona, IDA, Education Revenue Bonds (Arizona Charter Schools
Project), Series E, 7.25% due 7/01/2031 2,236
500 Pima County, Arizona, IDA, Education Revenue Bonds (Arizona Charter Schools
Project), Series I, 6.10% due 7/01/2024 514
1,000 Pima County, Arizona, IDA, Education Revenue Bonds (Arizona Charter Schools
Project), Series I, 6.30% due 7/01/2031 1,028
1,545 Pima County, Arizona, IDA, Education Revenue Refunding Bonds (Arizona Charter
Schools Project), Series O, 5% due 7/01/2026 1,430
560 Pima County, Arizona, IDA, Education Revenue Refunding Bonds (Arizona Charter
Schools Project II), Series A, 6.75% due 7/01/2011 (a) 623
970 Pima County, Arizona, IDA, Education Revenue Refunding Bonds (Arizona Charter
Schools Project II), Series A, 6.75% due 7/01/2021 1,015
3,500 Salt Verde Financial Corporation, Arizona, Senior Gas Revenue Bonds, 5%
due 12/01/2037 3,353
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California - 16.4% 18,850 California Health Facilities Financing Authority Revenue Bonds (Kaiser
Permanente), Series A, 5.25% due 4/01/2039 19,064
550 California State, GO, 5.50% due 4/01/2014 (a) 616
10 California State, GO, 5.50% due 4/01/2030 11
5,000 California State Public Works Board, Lease Revenue Bonds (Department of
Corrections), Series C, 5.50% due 6/01/2022 5,405
6,000 California State Public Works Board, Lease Revenue Bonds (Department of
Corrections), Series C, 5.50% due 6/01/2023 6,476
11,075 California State Public Works Board, Lease Revenue Bonds (Department of Mental
Health - Coalinga State Hospital), Series A, 5.125% due 6/01/2029 11,249
11,250 California State, Various Purpose, GO, 5.50% due 11/01/2033 11,949
5,240 California Statewide Communities Development Authority, Health Facility Revenue
Bonds (Memorial Health Services), Series A, 6% due 10/01/2023 5,571
Portfolio Abbreviations
To simplify the listings of BlackRock MuniVest Fund, Inc.'s portfolio holdings
in the Schedule of Investments, we have abbreviated the names of many of the
securities according to the list below.
AMT Alternative Minimum Tax (subject to)
DRIVERS Derivative Inverse Tax-Exempt Receipts
EDA Economic Development Authority
GO General Obligation Bonds
HFA Housing Finance Agency
IDA Industrial Development Authority
IDB Industrial Development Board
IDR Industrial Development Revenue Bonds
PCR Pollution Control Revenue Bonds
RIB Residual Interest Bonds
S/F Single-Family
VRDN Variable Rate Demand Notes
BlackRock MuniVest Fund, Inc.
Schedule of Investments as of November 30, 2007 (Unaudited) (in Thousands)
Face
State Amount Municipal Bonds Value
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$ 1,250 Chula Vista, California, IDR (San Diego Gas and Electric Company), AMT,
Series B, 5% due 12/01/2027 $ 1,258
10,725 Golden State Tobacco Securitization Corporation of California, Tobacco Settlement
Revenue Bonds, Series A-3, 7.875% due 6/01/2013 (a) 13,032
3,750 Golden State Tobacco Securitization Corporation of California, Tobacco Settlement
Revenue Bonds, Series A-4, 7.80% due 6/01/2013 (a) 4,544
1,425 Golden State Tobacco Securitization Corporation of California, Tobacco Settlement
Revenue Bonds, Series A-5, 7.875% due 6/01/2013 (a) 1,732
10,000 Golden State Tobacco Securitization Corporation of California, Tobacco Settlement
Revenue Bonds, Series B, 5.375% due 6/01/2010 (a) 10,485
5,100 Golden State Tobacco Securitization Corporation of California, Tobacco Settlement
Revenue Refunding Bonds, Senior Series A-1, 5.125% due 6/01/2047 4,308
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Colorado - 0.6% 540 Colorado HFA, Revenue Refunding Bonds (S/F Program), AMT, Senior Series A-2,
6.60% due 5/01/2028 557
180 Colorado HFA, Revenue Refunding Bonds (S/F Program), AMT, Senior Series A-2,
7.50% due 4/01/2031 186
3,000 Colorado Health Facilities Authority Revenue Bonds (Lutheran Medical Center),
Series A, 5.25% due 6/01/2034 3,015
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Connecticut - 0.5% 2,810 Mohegan Tribe Indians Gaming Authority, Connecticut, Public Improvement Revenue
Refunding Bonds (Priority Distribution), 6.25% due 1/01/2031 2,910
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Florida - 5.8% 15,800 Highlands County, Florida, Health Facilities Authority, Hospital Revenue Bonds
(Adventist Health System), Series C, 5.25% due 11/15/2036 15,957
6,500 Hillsborough County, Florida, IDA, Hospital Revenue Bonds (H. Lee Moffitt Cancer
Center Project), Series A, 5.25% due 7/01/2037 6,461
10,320 Orange County, Florida, Health Facilities Authority, Hospital Revenue Bonds
(Adventist Health System), 5.625% due 11/15/2012 (a) 11,432
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Georgia - 4.5% 1,100 Gainesville, Georgia, Redevelopment Authority, Educational Facilities Revenue
Refunding Bonds (Riverside Military Academy), 5.125% due 3/01/2037 1,024
4,600 Georgia Municipal Electric Authority, Power Revenue Refunding Bonds, Series W,
6.60% due 1/01/2018 5,307
250 Georgia Municipal Electric Authority, Power Revenue Refunding Bonds, Series W,
6.60% due 1/01/2018 (e) 288
250 Georgia Municipal Electric Authority, Power Revenue Refunding Bonds, Series Y,
10% due 1/01/2010 (e) 283
5,000 Houston County, Georgia, Hospital Authority Revenue Bonds (Houston Heart Institute
Project), 5.25% due 10/01/2035 5,076
4,390 Milledgeville-Baldwin County, Georgia, Development Authority Revenue Bonds
(Georgia College and State University Foundation), 5.50% due 9/01/2014 (a) 4,957
3,500 Milledgeville-Baldwin County, Georgia, Development Authority Revenue Bonds
(Georgia College and State University Foundation), 5.625% due 9/01/2014 (a) 3,978
4,785 Monroe County, Georgia, Development Authority, PCR, Refunding (Oglethorpe Power
Corporation-Scherer), Series A, 6.80% due 1/01/2011 5,203
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Idaho - 0.5% 330 Idaho Housing Agency, S/F Mortgage Revenue Refunding Bonds, AMT, Series E-2,
6.90% due 1/01/2027 339
2,380 Idaho Housing and Financing Association, S/F Mortgage Revenue Bonds, AMT,
Series J-1, Class III, 5% due 1/01/2028 2,449
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Illinois - 11.2% 5,000 Chicago, Illinois, O'Hare International Airport, General Airport Revenue Refunding
Bonds, Third Lien, AMT, Series A, 5.75% due 1/01/2019 (c) 5,267
11,200 Chicago, Illinois, O'Hare International Airport Revenue Bonds, Third Lien, AMT,
Series B-2, 6% due 1/01/2029 (n) 11,987
75 Chicago, Illinois, S/F Mortgage Revenue Bonds, AMT, Series C, 7%
due 3/01/2032 (d)(k) 77
BlackRock MuniVest Fund, Inc.
Schedule of Investments as of November 30, 2007 (Unaudited) (in Thousands)
Face
State Amount Municipal Bonds Value
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$10,000 Hodgkins, Illinois, Environmental Improvement Revenue Bonds (Metro Biosolids
Management LLC Project), AMT, 6% due 11/01/2023 $ 10,092
2,140 Illinois Development Finance Authority Revenue Bonds (Community Rehabilitation
Providers Facilities), Series A, 6.50% due 7/01/2022 2,286
465 Illinois Development Finance Authority, Revenue Refunding Bonds (Community
Rehabilitation Providers Facilities), Series A, 6% due 7/01/2015 470
2,695 Illinois State Finance Authority, Revenue Bonds (Community Rehabilitation Providers
Facilities), 4.625% due 7/01/2027 2,431
12 Kane and De Kalb Counties, Illinois, Community Unit School District Number 302, GO,
DRIVERS, Series 283, 7.545% due 2/01/2018 (f)(m) 16
1,005 McLean and Woodford Counties, Illinois, Community Unit School District Number 005,
GO, Refunding, 6.25% due 12/01/2014 (i) 1,111
845 McLean and Woodford Counties, Illinois, Community Unit School District Number 005,
GO, Refunding, 6.375% due 12/01/2016 (i) 939
18,550 Metropolitan Pier and Exposition Authority, Illinois, Dedicated State Tax Revenue
Refunding Bonds (McCormick Place Expansion Project), Series B, 5.75%
due 6/15/2023 (c) 20,129
3,500 Regional Transportation Authority, Illinois, Revenue Bonds, Series A, 7.20%
due 11/01/2020 (h) 4,295
4,000 Regional Transportation Authority, Illinois, Revenue Bonds, Series C, 7.75%
due 6/01/2020 (f) 5,221
395 Will County, Illinois, School District Number 122 (New Lenox Elementary), GO,
Series A, 6.50% due 11/01/2010 (a)(i) 428
505 Will County, Illinois, School District Number 122 (New Lenox Elementary), GO,
Series A, 6.50% due 11/01/2013 (i) 547
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Indiana - 8.5% 18,350 Indiana Health and Educational Facilities Financing Authority, Hospital Revenue
Bonds (Clarian Health Obligation), Series A, 5.25% due 2/15/2040 18,409
4,290 Indiana State, HFA, S/F Mortgage Revenue Refunding Bonds, Series A, 6.80%
due 1/01/2017 (j) 4,406
8,195 Indiana Transportation Finance Authority, Highway Revenue Bonds, Series A,
6.80% due 12/01/2016 9,603
15,335 Indianapolis, Indiana, Local Public Improvement Bond Bank, Revenue Refunding
Bonds, Series D, 6.75% due 2/01/2014 17,233
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Iowa - 1.1% 6,540 Iowa Financing Authority, S/F Mortgage Revenue Refunding Bonds, AMT, Series E,
5.15% due 7/01/2032 (d) 6,544
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Kansas - 0.7% 3,805 Sedgwick and Shawnee Counties, Kansas, S/F Mortgage Revenue Bonds (Mortgage-Backed
Securities Program), AMT, Series A-4, 5.95% due 12/01/2033 (d) 3,850
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Kentucky - 3.4% 20,100 Louisville and Jefferson County, Kentucky, Metropolitan Government Health System,
Revenue Refunding Bonds (Norton Healthcare, Inc.), 5.25% due 10/01/2036 20,069
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Louisiana - 3.5% 8,720 Louisiana Public Facilities Authority, Hospital Revenue Bonds (Franciscan
Missionaries of Our Lady Health System, Inc.), Series A, 5% due 8/15/2033 8,510
11,660 Louisiana Public Facilities Authority, Hospital Revenue Bonds (Franciscan
Missionaries of Our Lady Health System, Inc.), Series A, 5.25% due 8/15/2036 11,696
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Maine - 0.3% 775 Portland, Maine, Housing Development Corporation, Senior Living Revenue Bonds
(Avesta Housing Development Corporation Project), Series A, 5.70% due 8/01/2021 788
1,190 Portland, Maine, Housing Development Corporation, Senior Living Revenue Bonds
(Avesta Housing Development Corporation Project), Series A, 6% due 2/01/2034 1,211
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Maryland - 0.5% 3,250 Maryland State Community Development Administration, Department of Housing and
Community Development, Residential Revenue Refunding Bonds, AMT, Series D, 4.90%
due 9/01/2042 3,092
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BlackRock MuniVest Fund, Inc.
Schedule of Investments as of November 30, 2007 (Unaudited) (in Thousands)
Face
State Amount Municipal Bonds Value
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Massachusetts - 9.7% $ 2,035 Boston, Massachusetts, Water and Sewer Commission Revenue Bonds, 9.25%
due 1/01/2011 (e) $ 2,325
3,010 Massachusetts Bay Transportation Authority, Revenue Refunding Bonds (General
Transportation System), Series A, 7% due 3/01/2019 (q) 3,674
3,000 Massachusetts State, HFA, Housing Revenue Bonds, AMT, Series A, 5.20% due 12/01/2037 3,018
3,000 Massachusetts State, HFA, Housing Revenue Refunding Bonds, AMT, Series D, 4.85%
due 6/01/2040 2,821
5,500 Massachusetts State, HFA, S/F Housing Revenue Bonds, AMT, Series 130, 5%
due 12/01/2032 5,392
30,000 Massachusetts State Water Resource Authority Revenue Bonds, Series A, 6.50%
due 7/15/2019 (e) 35,830
1,000 Massachusetts State Water Resource Authority, Revenue Refunding Bonds, Series A,
6% due 8/01/2010 (a)(f) 1,077
2,480 Massachusetts State Water Resource Authority, Revenue Refunding Bonds, Series A,
6% due 8/01/2010 (a)(f) 2,671
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Michigan - 7.2% 2,500 Delta County, Michigan, Economic Development Corporation, Environmental Improvement
Revenue Refunding Bonds (Mead Westvaco-Escanaba), Series A, 6.25% due 4/15/2012 (a) 2,790
3,715 Macomb County, Michigan, Hospital Finance Authority, Hospital Revenue Bonds (Mount
Clemens General Hospital), Series B, 5.75% due 11/15/2025 3,614
4,250 Macomb County, Michigan, Hospital Finance Authority, Hospital Revenue Bonds (Mount
Clemens General Hospital), Series B, 5.875% due 11/15/2034 4,124
1,900 Michigan State Hospital Finance Authority, Hospital Revenue Refunding Bonds
(Crittenton Hospital), Series A, 5.625% due 3/01/2027 1,966
2,000 Michigan State Hospital Finance Authority, Hospital Revenue Refunding Bonds
(Oakwood Obligated Group), Series A, 5% due 7/15/2025 2,020
7,205 Michigan State Hospital Finance Authority, Revenue Refunding Bonds (Henry Ford
Health System), Series A, 5.25% due 11/15/2032 7,308
17,100 Michigan State Hospital Finance Authority, Revenue Refunding Bonds (Henry Ford
Health System), Series A, 5% due 11/15/2038 16,785
2,750 Michigan State Hospital Finance Authority, Revenue Refunding Bonds (Henry Ford
Health System), Series A, 5.25% due 11/15/2046 2,765
1,000 Michigan State Hospital Finance Authority, Revenue Refunding Bonds
(Sinai Hospital), 6.70% due 1/01/2026 1,000
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Minnesota - 1.6% 7,235 Minneapolis, Minnesota, Health Care System Revenue Bonds (Allina Health System),
Series A, 5.75% due 11/15/2012 (a) 8,026
1,405 Saint Cloud, Minnesota, Health Care Revenue Refunding Bonds (Saint Cloud Hospital
Obligation Group), Series A, 6.25% due 5/01/2017 (i) 1,506
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Mississippi - 6.2% 9,160 Lowndes County, Mississippi, Solid Waste Disposal and PCR, Refunding (Weyerhaeuser
Company Project), Series A, 6.80% due 4/01/2022 10,344
4,500 Lowndes County, Mississippi, Solid Waste Disposal and PCR, Refunding (Weyerhaeuser
Company Project), Series B, 6.70% due 4/01/2022 5,030
20,705 Mississippi Business Finance Corporation, Mississippi, PCR, Refunding (System
Energy Resources Inc. Project), 5.875% due 4/01/2022 20,955
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Missouri - 0.5% 2,600 Missouri State Development Finance Board, Infrastructure Facilities Revenue
Refunding Bonds (Branson), Series A, 5.50% due 12/01/2032 2,602
195 Missouri State Housing Development Commission, S/F Mortgage Revenue Bonds
(Homeowner Loan), AMT, Series A, 7.50% due 3/01/2031 (d) 205
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Montana - 1.0% 6,000 Forsyth, Montana, PCR, Refunding (Portland General Electric Company), Series A,
5.20% due 5/01/2033 6,072
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BlackRock MuniVest Fund, Inc.
Schedule of Investments as of November 30, 2007 (Unaudited) (in Thousands)
Face
State Amount Municipal Bonds Value
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Nebraska - 0.0% $ 135 Nebraska Investment Finance Authority, S/F Housing Revenue Bonds, AMT, Series C,
6.30% due 9/01/2028 (d)(k) $ 136
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Nevada - 0.2% 1,105 Nevada Housing Division Revenue Bonds (Multi-Unit Housing), AMT, Issue B, 7.45%
due 10/01/2017 (b) 1,107
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New Hampshire - 0.5% 2,675 New Hampshire Health and Education Facilities Authority, Revenue Refunding Bonds
(Elliot Hospital), Series B, 5.60% due 10/01/2022 2,788
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New Jersey - 4.9% 9,080 New Jersey EDA, Cigarette Tax Revenue Bonds, 5.50% due 6/15/2024 8,983
2,885 New Jersey EDA, Cigarette Tax Revenue Bonds, 5.75% due 6/15/2029 2,899
2,855 New Jersey EDA, Cigarette Tax Revenue Bonds, 5.50% due 6/15/2031 2,814
6,695 New Jersey EDA, Cigarette Tax Revenue Bonds, 5.75% due 6/15/2034 6,709
5,980 Tobacco Settlement Financing Corporation of New Jersey, Asset-Backed Revenue
Bonds, 7% due 6/01/2013 (a) 7,050
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New Mexico - 0.6% 3,300 Farmington, New Mexico, PCR, Refunding (Public Service Company of New Mexico -
San Juan Project), Series A, 5.80% due 4/01/2022 3,315
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New York - 1.5% 400 Metropolitan Transportation Authority, New York, Dedicated Tax Fund, Revenue
Refunding Bonds, VRDN, Series B, 3.54% due 11/01/2022 (i)(l) 400
1,125 New York City, New York, City Transitional Finance Authority Revenue Bonds, RIB,
Series 283, 8.56% due 11/15/2015 (m) 1,308
965 New York City, New York, GO, Refunding, Series A, 6.375% due 5/15/2014 (f) 1,042
5,480 New York City, New York, GO, Series F, 5.25% due 1/15/2033 5,706
20 New York City, New York, GO, Series I, 6.25% due 4/15/2017 (a)(n) 20
400 New York State Local Government Assistance Corporation, Revenue Refunding Bonds,
Sub-Lien, VRDN, Series 4V, 3.50% due 4/01/2022 (i)(l) 400
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North Carolina - 0.7% 4,105 Gaston County, North Carolina, Industrial Facilities and Pollution Control
Financing Authority, Revenue Bonds (National Gypsum Company Project), AMT, 5.75%
due 8/01/2035 3,980
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Ohio - 5.0% 8,870 Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement
Asset-Backed Bonds, Series A-2, 6% due 6/01/2043 8,705
3,000 Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement
Asset-Backed Bonds, Series A-2, 5.875% due 6/01/2048 2,852
17,000 Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement
Asset-Backed Bonds, Series A-2, 6.50% due 6/01/2048 17,494
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Oklahoma - 1.3% 7,635 Oklahoma State Development Finance Authority, Revenue Refunding Bonds (Saint
John Health System), 5% due 2/15/2042 7,634
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Pennsylvania - 4.3% 2,440 Pennsylvania State Higher Education Assistance Agency Revenue Bonds, Capital
Acquisition, 6.125% due 12/15/2010 (a)(c) 2,641
6,250 Pennsylvania State Higher Educational Facilities Authority Revenue Bonds
(University of Pennsylvania Medical Center Health System), Series A, 6%
due 1/15/2031 6,669
1,000 Philadelphia, Pennsylvania, Authority for Industrial Development, Senior Living
Revenue Bonds (Arbor House Inc. Project), Series E, 6.10% due 7/01/2033 1,024
1,355 Philadelphia, Pennsylvania, Authority for Industrial Development, Senior Living
Revenue Bonds (Rieder House Project), Series A, 6.10% due 7/01/2033 1,388
9,280 Sayre, Pennsylvania, Health Care Facilities Authority, Revenue Bonds (Guthrie
Healthcare System), Series B, 7.125% due 12/01/2011 (a) 11,193
BlackRock MuniVest Fund, Inc.
Schedule of Investments as of November 30, 2007 (Unaudited) (in Thousands)
Face
State Amount Municipal Bonds Value
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$ 1,340 Sayre, Pennsylvania, Health Care Facilities Authority, Revenue Refunding Bonds
(Guthrie Healthcare System), Series A, 6.25% due 12/01/2011 (a) $ 1,498
410 Sayre, Pennsylvania, Health Care Facilities Authority, Revenue Refunding Bonds
(Guthrie Healthcare System), Series A, 6.25% due 12/01/2018 443
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South Carolina - 2.7% 1,000 Georgetown County, South Carolina, Environmental Improvement Revenue Refunding Bonds
(International Paper Company Project), AMT, Series A, 5.55% due 12/01/2029 971
9,700 Lexington County, South Carolina, Health Services District Inc., Hospital Revenue
Refunding Bonds, 5% due 11/01/2032 9,564
5,000 Richland County, South Carolina, Environmental Improvement Revenue Refunding Bonds
(International Paper), AMT, 6.10% due 4/01/2023 5,171
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South Dakota - 0.4% 2,605 South Dakota State Health and Educational Facilities Authority Revenue Bonds
(Sanford Health), 5% due 11/01/2040 2,603
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Tennessee - 4.5% 4,120 Shelby County, Tennessee, Health, Educational and Housing Facility Board, Hospital
Revenue Refunding Bonds (Methodist Healthcare), 6.50% due 9/01/2012 (a) 4,697
21,450 Tennessee Energy Acquisition Corporation, Gas Revenue Bonds, Series A, 5.25%
due 9/01/2026 21,653
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Texas - 12.7% 5,000 Austin, Texas, Convention Center Revenue Bonds (Convention Enterprises Inc.),
First Tier, Series A, 6.70% due 1/01/2011 (a) 5,499
1,290 Austin, Texas, Convention Center Revenue Bonds (Convention Enterprises Inc.),
First Tier, Series A, 6.70% due 1/01/2011 (a) 1,419
3,055 Brazos River Authority, Texas, PCR, Refunding (TXU Energy Company LLC Project),
AMT, Series A, 7.70% due 4/01/2033 3,180
11,460 Brazos River, Texas, Harbor Navigation District, Brazoria County Environmental
Revenue Refunding Bonds (Dow Chemical Company Project), AMT, Series A-7, 6.625%
due 5/15/2033 12,102
3,000 Gregg County, Texas, Health Facilities Development Corporation, Hospital Revenue
Bonds (Good Shepherd Medical Center Project), 6.875% due 10/01/2010 (a)(g) 3,316
10,250 Guadalupe-Blanco River Authority, Texas, Sewage and Solid Waste Disposal Facility
Revenue Bonds (E. I. du Pont de Nemours and Company Project), AMT, 6.40%
due 4/01/2026 10,310
6,000 Gulf Coast Waste Disposal Authority, Texas, Revenue Refunding Bonds (International
Paper Company), AMT, Series A, 6.10% due 8/01/2024 6,134
5,500 Harris County-Houston Sports Authority, Texas, Revenue Refunding Bonds,
Senior Lien, Series G, 5.75% due 11/15/2020 (c) 5,895
1,790 Houston, Texas, Industrial Development Corporation Revenue Bonds (Air Cargo), AMT,
6.375% due 1/01/2023 1,836
155 Mansfield, Texas, Independent School District, GO, Refunding, 6.625% due 2/15/2015 166
9,355 Matagorda County, Texas, Navigation District Number 1, Revenue Refunding Bonds
(Centerpoint Energy Project), 5.60% due 3/01/2027 9,597
5,225 Midway, Texas, Independent School District, GO, Refunding, 6.125% due 8/15/2014 5,583
2,700 Port Corpus Christi, Texas, Revenue Refunding Bonds (Celanese Project), Series A,
6.45% due 11/01/2030 2,750
5,000 Red River Authority, Texas, PCR, Refunding (Celanese Project), AMT, Series B,
6.70% due 11/01/2030 5,151
1,495 Texas State Affordable Housing Corporation, S/F Mortgage Revenue Bonds (Fire
Fighter and Law Enforcement or Security Officer Home Loan Program), AMT,
Series B, 5.25% due 9/01/2039 (d) 1,465
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Vermont - 0.2% 1,000 Vermont Educational and Health Buildings Financing Agency, Developmental and
Mental Health Revenue Bonds (Howard Center for Human Services), Series A,
6.375% due 6/15/2022 1,058
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BlackRock MuniVest Fund, Inc.
Schedule of Investments as of November 30, 2007 (Unaudited) (in Thousands)
Face
State Amount Municipal Bonds Value
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Virginia - 0.6% $ 1,425 Chesterfield County, Virginia, IDA, PCR (Virginia Electric and Power Company),
Series A, 5.875% due 6/01/2017 $ 1,507
2,250 Fairfax County, Virginia, EDA, Residential Care Facilities, Mortgage Revenue
Refunding Bonds (Goodwin House, Inc.), 5.125% due 10/01/2042 2,075
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Washington - 3.5% 3 Energy Northwest, Washington, Electric Revenue Refunding Bonds, DRIVERS,
Series 255, 8.042% due 7/01/2018 (h)(m) 3
2,355 Seattle, Washington, Housing Authority Revenue Bonds (Replacement Housing Project),
6.125% due 12/01/2032 2,369
408 Washington State, GO, Trust Receipts, Class R, Series 6, 7.982% due 1/01/2014 (i)(m) 452
14,320 Washington State Public Power Supply System, Revenue Refunding Bonds (Nuclear
Project Number 1), Series B, 7.125% due 7/01/2016 17,851
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Wisconsin - 1.7% 1,765 Milwaukee, Wisconsin, Revenue Bonds (Air Cargo), AMT, 6.50% due 1/01/2025 1,820
5,000 Wisconsin State Health and Educational Facilities Authority, Mortgage Revenue Bonds
(Hudson Memorial Hospital), 5.70% due 1/15/2029 (j) 5,197
3,040 Wisconsin State Health and Educational Facilities Authority Revenue Bonds
(SynergyHealth Inc.), 6% due 11/15/2032 3,140
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U.S. Virgin Islands 8,000 Virgin Islands Government Refinery Facilities, Revenue Refunding Bonds (Hovensa
- 1.5% Coker Project), AMT, 6.50% due 7/01/2021 8,463
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Total Municipal Bonds (Cost - $761,048) - 135.8% 794,226
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Municipal Bonds Held in Trust (r)
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Illinois - 7.7% 14,000 Chicago, Illinois, O'Hare International Airport, General Airport Revenue Refunding
Bonds, Third Lien, AMT, Series A, 5.75% due 1/01/2020 (c) 14,747
17,080 Chicago, Illinois, O'Hare International Airport Revenue Bonds, Third Lien, AMT,
Series B-2, 6% due 1/01/2027 (c) 18,364
2,975 Kane and De Kalb Counties, Illinois, Community Unit School District Number 302,
GO, 5.75% due 2/01/2018 (f) 3,352
2,710 Kane and De Kalb Counties, Illinois, Community Unit School District Number 302,
GO, 5.75% due 2/01/2019 (f) 3,054
4,780 Kane and De Kalb Counties, Illinois, Community Unit School District Number 302,
GO, 5.75% due 2/01/2021 (f) 5,386
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Massachusetts - 3.6% 20,000 Massachusetts State School Building Authority, Dedicated Sales Tax Revenue Bonds,
Series A, 5% due 8/15/2030 (i) 20,842
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New York - 7.4% 13,500 New York City, New York, City Transitional Finance Authority Revenue Bonds,
Future Tax Secured, Series B, 6.25% due 11/15/2018 14,597
26,750 New York State Dormitory Authority, State University Educational Facilities,
Revenue Refunding Bonds, Series 1989, 6% due 5/15/2010 (c) 28,768
-----------------------------------------------------------------------------------------------------------------------------------
Oregon - 1.2% 6,610 Portland, Oregon, Sewer System Revenue Bonds, Series A, 5.75% due 8/01/2010 (f) 7,029
-----------------------------------------------------------------------------------------------------------------------------------
Texas - 6.5% 20,970 Harris County, Texas, Health Facilities Development Corporation, Revenue Refunding
Bonds (School Health Care System), Series B, 5.75% due 7/01/2027 24,751
12,500 San Antonio, Texas, Electric and Gas Revenue Bonds, Series A, 5.75%
due 2/01/2010 (a) 13,149
-----------------------------------------------------------------------------------------------------------------------------------
Washington - 9.0% 11,660 Energy Northwest, Washington, Electric Revenue Refunding Bonds (Columbia
Generating Station), Series A, 5.75% due 7/01/2018 (c) 12,649
7,015 Energy Northwest, Washington, Electric Revenue Refunding Bonds (Columbia
Generating Station), Series B, 6% due 7/01/2018 (h) 7,683
14,700 Energy Northwest, Washington, Electric Revenue Refunding Bonds (Project
Number 1), Series B, 6% due 7/01/2017 (c) 16,231
15,385 Washington State, Various Purpose, GO, Series B, 6% due 1/01/2010 (i) 16,228
-----------------------------------------------------------------------------------------------------------------------------------
Total Municipal Bonds Held in Trust (Cost - $201,037) - 35.4% 206,830
-----------------------------------------------------------------------------------------------------------------------------------
BlackRock MuniVest Fund, Inc.
Schedule of Investments as of November 30, 2007 (Unaudited) (in Thousands)
Shares
Held Short-Term Securities Value
-----------------------------------------------------------------------------------------------------------------------------------
11,100 Merrill Lynch Institutional Tax-Exempt Fund, 3.43% (o)(p) $ 11,100
-----------------------------------------------------------------------------------------------------------------------------------
Total Short-Term Securities (Cost - $11,100) - 1.9% 11,100
-----------------------------------------------------------------------------------------------------------------------------------
Total Investments (Cost - $973,185*) - 173.1% 1,012,156
Other Assets Less Liabilities - 1.0% 5,826
Liability for Trust Certificates, Including Interest Expense Payable - (16.9%) (98,711)
Preferred Stock, at Redemption Value - (57.2%) (334,449)
----------
Net Assets Applicable to Common Stock - 100.0% $ 584,822
==========
* The cost and unrealized appreciation (depreciation) of investments as of
November 30, 2007, as computed for federal income tax purposes, were as
follows:
Aggregate cost $ 878,483
=========
Gross unrealized appreciation $ 43,787
Gross unrealized depreciation (7,743)
---------
Net unrealized appreciation $ 36,044
=========
(a) Prerefunded.
(b) FNMA Collateralized.
(c) MBIA Insured.
(d) FNMA/GNMA Collateralized.
(e) Escrowed to maturity.
(f) FGIC Insured.
(g) Radian Insured.
(h) AMBAC Insured.
(i) FSA Insured.
(j) FHA Insured.
(k) FHLMC Collateralized.
(l) Security may have a maturity of more than one year at time of issuance,
but has variable rate and demand features that qualify it as a short-term
security. The rate disclosed is that currently in effect. This rate
changes periodically based upon prevailing market rates.
(m) The rate disclosed is that currently in effect. This rate changes
periodically and inversely based upon prevailing market rates.
(n) XL Capital Insured.
(o) Investments in companies considered to be an affiliate of the Fund, for
purposes of Section 2(a)(3) of the Investment Company Act of 1940, were as
follows:
--------------------------------------------------------------------------
Net Dividend
Affiliate Activity Income
--------------------------------------------------------------------------
Merrill Lynch Institutional
Tax-Exempt Fund 3,177 $69
--------------------------------------------------------------------------
(p) Represents the current yield as of November 30, 2007.
(q) Commonwealth Guaranteed.
BlackRock MuniVest Fund, Inc.
Schedule of Investments as of November 30, 2007 (Unaudited) (in Thousands)
(r) Securities represent underlying bonds transferred to a separate
securitization trust established in a tender option bond transaction in
which the Fund may have acquired the residual interest certificates. These
securities serve as collateral in a financing transaction.
o Forward interest rate swaps outstanding as of November 30, 2007 were as
follows:
--------------------------------------------------------------------------
Notional Unrealized
Amount Depreciation
--------------------------------------------------------------------------
Pay a fixed rate of 3.925% and received a
floating rate based on 1-week (SIFMA)
Municipal Swap Index Rate
Broker, JPMorgan Chase
Expires February 2028 $ 17,250 $ (545)
--------------------------------------------------------------------------
Item 2 - Controls and Procedures
2(a) - The registrant's principal executive and principal financial
officers or persons performing similar functions have concluded that
the registrant's disclosure controls and procedures (as defined in
Rule 30a-3(c) under the Investment Company Act of 1940, as amended
(the "1940 Act")) are effective as of a date within 90 days of the
filing of this report based on the evaluation of these controls and
procedures required by Rule 30a-3(b) under the 1940 Act and Rule
13a-15(b) under the Securities and Exchange Act of 1934, as amended.
2(b) - There were no changes in the registrant's internal control over
financial reporting (as defined in Rule 30a-3(d) under the 1940 Act)
that occurred during the registrant's last fiscal quarter that have
materially affected, or are reasonably likely to materially affect,
the registrant's internal control over financial reporting.
Item 3 - Exhibits
Certifications - Attached hereto
Pursuant to the requirements of the Securities Exchange Act of 1934 and the
Investment Company Act of 1940, the registrant has duly caused this report to be
signed on its behalf by the undersigned, thereunto duly authorized.
BlackRock MuniVest Fund, Inc.
By: /s/ Donald C. Burke
-------------------
Donald C. Burke,
Chief Executive Officer of
BlackRock MuniVest Fund, Inc.
Date: January 16, 2008
Pursuant to the requirements of the Securities Exchange Act of 1934 and the
Investment Company Act of 1940, this report has been signed below by the
following persons on behalf of the registrant and in the capacities and on the
dates indicated.
By: /s/ Donald C. Burke
-------------------
Donald C. Burke,
Chief Executive Officer (principal executive officer) of
BlackRock MuniVest Fund, Inc.
Date: January 16, 2008
By: /s/ Neal J. Andrews
-------------------
Neal J. Andrews,
Chief Financial Officer (principal financial officer) of
BlackRock MuniVest Fund, Inc.
Date: January 16, 2008