Global Allocation Fund

A Diversified Foundation for Investment Portfolios

A cornerstone of your financial strategy is deciding how to distribute your money among various investments. Most investors know that their portfolios need to include three main asset classes: stocks, bonds and cash; and since these asset classes historically outperform at different times, the combination tends to temper volatility while pursuing return. Further diversification within asset classes — by security, sector and region — can help mitigate unnecessary risk and take advantage of various segments of the markets.

BlackRock Global Allocation Fund, a diversified core mutual fund investing in U.S. and international stocks, bonds and cash, can help protect investors during market downturns, while seeking to participate in positive markets.

BlackRock Global Allocation Fund offers investors a diversified, core holding to help achieve their long-term financial goals. The fund's benefits include:

• Proven Performance:

  BlackRock Global Allocation Fund (Investor A) was named a "Top Fund Analyst Pick for 2007" by Morningstar. (January 20, 2007 edition of Inside Morningstar's "Best Buy" Funds)*

• Instant Diversification:

  Typically holding more than 600 securities, the fund is highly diversified by asset class, market capitalization, sector and region.

• Experienced Team:

  Led by Senior Portfolio Manager Dennis Stattman, the members of the investment team collectively have more than 170 years of investment experience.

* Inside Morningstar's "Best Buy" Funds highlighted BlackRock Global Allocation Fund (Investor A) as of one of two funds in the World Allocation category for 2007.

Investing involves risk. There are special risks with international investing including political and currency risks. These risks are increased in emerging/developing markets.