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 811-07092

Name of Fund: The BlackRock Florida Insured Municipal 2008 Term Trust, Inc. (BRF)

Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809

Name and address of agent for service: Donald C. Burke, Chief Executive Officer, The BlackRock Florida Insured Municipal 2008 Term Trust, 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: 12/31/2008

Date of reporting period: 01/01/2008 – 03/31/2008

Item 1 – Schedule of Investments

BlackRock Florida Insured Municipal 2008 Term Trust, Inc.        
Schedule of Investments as of March 31, 2008 (Unaudited)                 
  (Percentages shown are based on Net Assets)
    Par        
    (000)   Municipal Bonds   Value
Florida - 58.2% $ 1,500   Alachua County, Florida, School District, GO, Refunding,    
        4.25%, 1/01/09 (a) $ 1,527,105
    1,095   Dade County, Florida, Special Obligation Revenue Refunding Bonds, CABS,    
        Series B, 5.695%, 10/01/08 (b)(f)   1,083,086
    905   Dade County, Florida, Special Obligation Revenue Refunding Bonds, CABS,    
        Series B, 5.695%, 10/01/08 (b)(f)(g)   895,814
    560   Escambia County, Florida, Utilities Authority, Utility System Revenue    
        Refunding Bonds, Series B, 6.125%, 1/01/09 (c)   573,059
    1,090   Florida Municipal Loan Council Revenue Bonds, Series C,    
        3.50%, 11/01/08 (d)   1,098,349
    4,190   Florida State Board of Education, Lottery Revenue Bonds, Series A, 5%,    
        7/01/08 (c)   4,222,389
    5,905   Florida State Department of Environmental Protection, Preservation    
        Revenue Bonds, Series B, 4%, 7/01/08 (c)   5,935,588
    2,530   Florida State Turnpike Authority, Turnpike Revenue Bonds, Series B,    
        5.50%, 7/01/08 (d)   2,553,023
    6,000   Greater Orlando Aviation Authority, Florida, Airport Facilities Revenue    
        Refunding Bonds, Series C, 3.50%, 10/01/08 (d)   6,037,080
    10,000   Hillsborough County, Florida, Utility Revenue Refunding Bonds, Junior    
        Lien, 4.50%, 8/01/08 (b)   10,088,000
    950   Indian River County, Florida, School District, GO, Refunding, 3.25%,    
        4/01/08 (a)   950,000
    5,895   Jacksonville, Florida, Excise Taxes Revenue Refunding Bonds, Series A,    
        4.25%, 10/01/08 (b)   5,955,070
    100   Jacksonville, Florida, Health Facilities Authority, Hospital Revenue    
        Refunding Bonds (Charity Obligation Group), VRDN, Series C, 1.20%,    
        8/15/19 (d)(e)   100,000
    2,000   Jacksonville, Florida, Sales Tax Revenue Bonds, 4.10%, 10/01/08 (b)   2,021,800
    1,155   Jacksonville, Florida, Sales Tax Revenue Refunding Bonds, 3.125%,    
        10/01/08 (c)   1,162,357
    2,000   Lakeland, Florida, Electric and Water Revenue Refunding Bonds, First    
        Lien, Series B, 5.90%, 10/01/08 (a)   2,040,580
    1,535   Miami-Dade County, Florida, Public Service Tax Revenue Bonds (UMSA    
        Public Improvements), 3.40%, 4/01/08 (b)   1,535,000
    4,775   Miami-Dade County, Florida, School Board, COP, Refunding, Series C,    
        5.25%, 8/01/11 (a)   4,863,624
    1,345   Miami, Florida, GO, Refunding, 5.90%, 12/01/08 (c)   1,380,925
    2,350   Orange County, Florida, Health Facilities Authority, Hospital Revenue    
        (Orlando Regional Healthcare), VRDN, Series A-10, 1.25%,    
        10/01/41(a)(e)   2,350,000
    5,130   Orange County, Florida, Tourist Development Tax, Revenue Refunding    
        Bonds, Series A, 4%, 10/01/08 (b)   5,175,914
Portfolio Abbreviations            
     To simplify the listings of BlackRock Florida Insured Municipal 2008 Term Trust Inc.'s portfolio holdings in the Schedule of
     Investments, we have abbreviated the names of many of the securities according to the list below.
           CABS   Capital Appreciation Bonds   GO   General Obligation Bonds
           COP   Certificates of Participation   VRDN   Variable Rate Demand Notes

1


BlackRock Florida Insured Municipal 2008 Term Trust, Inc.        
Schedule of Investments as of March 31, 2008 (Unaudited)                 
  (Percentages shown are based on Net Assets)
  Par        
    (000)   Municipal Bonds   Value
$ 495   Orange County, Florida, Tourist Development Tax, Revenue Refunding    
      Bonds, Series A, 5.85%, 10/01/08 (d) $ 503,514
  1,005   Orange County, Florida, Tourist Development Tax, Revenue Refunding    
      Bonds, Series A, 5.85%, 10/01/08 (d)(g)   1,025,522
  1,100   Orlando, Florida, Waste Water System, Revenue Refunding Bonds, Series    
      A, 3.25%, 10/01/08 (b)   1,107,744
  2,500   Orlando-Orange County Expressway Authority, Florida, Expressway    
      Revenue Refunding Bonds, VRDN, Series C-1, 2.15%, 7/01/25 (a)(e)   2,500,000
  640   Osceola County, Florida, Gas Tax Revenue Refunding Bonds, 3.10%,    
      4/01/08 (c)   640,000
  1,810   Osceola County, Florida, Infrastructure Sales Surplus Tax Revenue Bonds,    
      3.75%, 10/01/08 (b)   1,822,344
  2,570   Pasco County, Florida, Solid Waste Disposal and Resource Recovery    
      System, Revenue Refunding Bonds, 6%, 4/01/09 (c)   2,574,266
  500   Saint Petersburg, Florida, Health Facilities Authority, Revenue Refunding    
      Bonds (All Children's Hospital), 3.10%, 11/15/08 (b)   502,915
  1,370   Village Center Community Development District, Florida, Recreational    
      Revenue Refunding Bonds, Series A, 5.50%, 11/01/08 (d)   1,399,017
  2,370   Volusia County, Florida, Sales Tax Revenue Refunding Bonds, Subordinate    
        Lien, Series B, 4%, 10/01/08 (d)   2,390,264
      Total Municipal Bonds    
        (Cost - $75,325,149) - 58.2%   76,014,349
        U.S. Government Obligations    
    50,200   U.S. Treasury Notes, 3.375%, 11/15/08   50,800,041
      Total U.S. Government Obligations    
        (Cost - $50,281,211) - 38.9%   50,800,041
      Total Investments (Cost - $125,606,360*) - 97.1%   126,814,390
      Other Assets Less Liabilities - 2.9%   3,834,782
      Net Assets - 100.0% $ 130,649,172

*

The cost and unrealized appreciation (depreciation) of investments as of March 31, 2008, as computed for federal income tax purposes, were as follows:

Aggregate cost

 

$

125,606,360

 

Gross unrealized appreciation

 

$

1,223,146

 

Gross unrealized depreciation

 

 

(801

)

Net unrealized appreciation

 

$

1,222,345

 
(a)

FSA Insured.

(b)

AMBAC Insured.

(c)

FGIC Insured.

(d)

MBIA Insured.

(e)

Variable rate security. Rate shown is as of report date. Maturity shown is the final maturity date.

(f)

Represents a zero coupon bond; rate shown reflects the effective yield at the time of purchase.

(g)

Security is collateralized by Municipal or U.S. Treasury obligations.


2


BlackRock Florida Insured Municipal 2008 Term Trust, Inc.

Ÿ

Effective January 1, 2008, the BlackRock Florida Insured Municipal 2008 Term Trust (the “Trust”) adopted FASB Statement of Financial Accounting Standards No. 157, “Fair Value Measurements” (“FAS 157”). FAS 157 clarifies the definition of fair value, establishes a framework for measuring fair values and requires additional disclosures about the use of fair value measurements. Various inputs are used in determining the fair value of investments, which are as follows:

 
  Ÿ

Level 1 – price quotations in active markets/exchanges for identical securities

 
  Ÿ

Level 2 – other observable inputs (including, but not limited to: quoted prices for similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, and default rates) or other market–corroborated inputs)

 
  Ÿ

Level 3 – unobservable inputs based on the best information available in the circumstance, to the extent observable inputs are not available (including the Trust’s own assumptions used in determining the fair value of investments)

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For information about the Trust’s policy regarding valuation of investments and other significant accounting policies, please refer to the Trust’s most recent financial statements as contained in its annual report.

The following table summarizes the inputs used as of March 31, 2008 in determining the fair valuation of the Trust’s investments:

Valuation Investments in
Inputs Securities
Level 1 0      
Level 2 $126,814,390      
Level 3 0      
Total $126,814,390      

3

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 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.

The BlackRock Florida Insured Municipal 2008 Term Trust, Inc.

By:
/s/ Donald C. Burke
  Donald C. Burke
  Chief Executive Officer of
  The BlackRock Florida Insured Municipal 2008 Term Trust, Inc.

Date: May 22, 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
  The BlackRock Florida Insured Municipal 2008 Term Trust, Inc.

Date: May 22, 2008

By:
/s/ Neal J. Andrews
  Neal J. Andrews
  Chief Financial Officer (principal financial officer) of
  The BlackRock Florida Insured Municipal 2008 Term Trust, Inc.

Date: May 22, 2008