PAGE  1
000 B000000 10/31/2007
000 C000000 1368893
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 A
001 A000000 BLACKROCK REAL ASSET EQUITY TRUST
001 B000000 811-21931
001 C000000 8888252257
002 A000000 100 BELLEVUE PARKWAY
002 B000000 WILMINGTON
002 C000000 DE
002 D010000 19809
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 N
007 B000000  0
007 C010100  1
008 A000001 BLACKROCK ADVISORS, LLC
008 B000001 A
008 C000001 801-47710
008 D010001 WILMINGTON
008 D020001 DE
008 D030001 19809
008 A000002 BLACKROCK CAPITAL MANAGEMENT, INC.
008 B000002 S
008 C000002 801-57038
008 D010002 BOSTON
008 D020002 MA
008 D030002 02111
008 A000003 BLACKROCK INVESTMENT MANAGEMENT, LLC
008 B000003 S
008 C000003 801-56972
008 D010003 PRINCETON
008 D020003 NJ
008 D030003 08356
008 A000004 BLACKROCK INVESTMENT MANAGEMENT INTL., LTD.
008 B000004 S
008 C000004 801-10680
008 D010004 LONDON
008 D050004 UNITED KINGDOM
008 D060004 EC4R 9AS
012 A000001 THE BANK OF NEW YORK
012 B000001 85-0000000
012 C010001 NEW YORK
012 C020001 NY
      PAGE  2
012 C030001 10286
013 A000001 DELOITTE & TOUCHE LLP
013 B010001 NEW YORK
013 B020001 NY
013 B030001 10281
014 A000001 BLACKROCK INVESTMENTS, INC.
014 B000001 8-048436
014 A000002 NORTHERN FUND DISTRIBUTORS, LLC
014 B000002 8-051242
014 A000003 PNC CAPITAL MARKETS, INC.
014 B000003 8-032493
014 A000004 J.J.B. HILLIARD W.L. LYONS, INC.
014 B000004 8-033133
014 A000005 PFPC DISTRIBUTORS, INC.
014 B000005 8-045467
014 A000006 MGI FUNDS DISTRIBUTOR, INC.
014 B000006 8-046960
014 A000007 BB&T AM Distributors, Inc.
014 B000007 8-052396
014 A000008 BLACKROCK DISTRIBUTORS, INC.
014 B000008 8-048775
014 A000009 PERSIMMON SECURITIES
014 B000009 8-053071
014 A000010 PNC INVESTMENTS LLC
014 B000010 8-066195
014 A000011 MLPF&S AND OTHER ML BROKER/DEALER AFFILIATES
014 B000011 8-7221
014 A000012 Harris Williams LLC
014 B000012 8-53380
014 A000013 Mercantile Brokerage Services, Inc.
014 B000013 8-18210
014 A000014 Northern Trust Securities, Inc.
014 B000014 8-23689
014 A000015 PNC Brokerage Corp.
014 B000015 8-46315
015 A000001 THE BANK OF NEW YORK
015 B000001 C
015 C010001 LAKE MARY
015 C020001 FL
015 C030001 32746
015 E010001 X
018  000000 Y
019 A000000 Y
019 B000000   60
019 C000000 BLACKROCKF
020 A000001 UBS SECURITIES
020 B000001 13-2932996
020 C000001    275
020 A000002 SUSQUEHANNA INVESTMENT GROUP
020 C000002    216
020 A000003 GOLDMAN SACHS & CO.
      PAGE  3
020 B000003 13-5108880
020 C000003    194
020 A000004 MERRILL LYNCH
020 B000004 13-5674085
020 C000004    112
020 A000005 DEUTSCHE BANK
020 B000005 13-2730828
020 C000005     80
020 A000006 LEHMAN BROTHERS
020 B000006 13-2518466
020 C000006     74
020 A000007 THINKORSWIM
020 C000007     62
020 A000008 CITIGROUP GLOBAL MARKETS
020 C000008     47
020 A000009 MORGAN STANLEY
020 B000009 13-2655998
020 C000009     44
020 A000010 CREDIT SUISSE FIRST BOSTON
020 B000010 13-5659485
020 C000010     41
021  000000     1464
022 A000001 MERRILL LYNCH
022 B000001 13-5674085
022 C000001    105853
022 D000001    180114
022 A000002 UBS SECURITIES
022 B000002 13-2932996
022 C000002     79919
022 D000002     94620
022 A000003 GOLDMAN SACHS & CO.
022 B000003 13-5108880
022 C000003     78031
022 D000003     88483
022 A000004 DEUTSCHE BANK SECURITIES, INC.
022 B000004 13-2473088
022 C000004     52893
022 D000004     45337
022 A000005 CITIGROUP
022 B000005 11-2418191
022 C000005     68652
022 D000005     15130
022 A000006 SUSQUEHANNA INVESTMENT GROUP
022 C000006     44431
022 D000006      9393
022 A000007 CREDIT SUISSE FIRST BOSTON
022 B000007 13-5659485
022 C000007     35178
022 D000007     13841
022 A000008 LEHMAN BROTHERS
022 B000008 13-2518466
      PAGE  4
022 C000008     21388
022 D000008     16346
022 A000009 MORGAN STANLEY
022 B000009 13-2655998
022 C000009     23492
022 D000009     11509
022 A000010 JP MORGAN CHASE BANK
022 B000010 13-2624428
022 C000010     23688
022 D000010      6808
023 C000000     644592
023 D000000     517549
024  000000 N
026 A000000 N
026 B000000 N
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027  000000 N
028 A010000         0
028 A020000         0
028 A030000         0
028 A040000         0
028 B010000         0
028 B020000         0
028 B030000         0
028 B040000         0
028 C010000         0
028 C020000         0
028 C030000         0
028 C040000         0
028 D010000         0
028 D020000         0
028 D030000         0
028 D040000         0
028 E010000         0
028 E020000         0
028 E030000         0
028 E040000         0
028 F010000         0
028 F020000         0
028 F030000         0
028 F040000         0
028 G010000         0
028 G020000         0
028 G030000         0
028 G040000         0
      PAGE  5
028 H000000         0
030 A000000      0
030 B000000  0.00
030 C000000  0.00
031 A000000      0
031 B000000      0
032  000000      0
033  000000      0
035  000000      0
036 B000000      0
038  000000      0
042 A000000   0
042 B000000   0
042 C000000   0
042 D000000   0
042 E000000   0
042 F000000   0
042 G000000   0
042 H000000   0
043  000000      0
044  000000      0
045  000000 Y
046  000000 N
047  000000 Y
048  000000  1.200
048 A010000        0
048 A020000 0.000
048 B010000        0
048 B020000 0.000
048 C010000        0
048 C020000 0.000
048 D010000        0
048 D020000 0.000
048 E010000        0
048 E020000 0.000
048 F010000        0
048 F020000 0.000
048 G010000        0
048 G020000 0.000
048 H010000        0
048 H020000 0.000
048 I010000        0
048 I020000 0.000
048 J010000        0
048 J020000 0.000
048 K010000        0
048 K020000 0.000
049  000000 N
050  000000 N
051  000000 N
052  000000 N
      PAGE  6
053 A000000 Y
053 B000000 Y
053 C000000 N
054 A000000 Y
054 B000000 Y
054 C000000 N
054 D000000 N
054 E000000 N
054 F000000 N
054 G000000 Y
054 H000000 Y
054 I000000 N
054 J000000 Y
054 K000000 N
054 L000000 N
054 M000000 Y
054 N000000 N
054 O000000 N
055 A000000 N
055 B000000 N
056  000000 Y
057  000000 N
058 A000000 N
059  000000 Y
060 A000000 N
060 B000000 N
061  000000        0
062 A000000 N
062 B000000   0.0
062 C000000   0.0
062 D000000   0.0
062 E000000   0.0
062 F000000   0.0
062 G000000   0.0
062 H000000   0.0
062 I000000   0.0
062 J000000   0.0
062 K000000   0.0
062 L000000   0.0
062 M000000   0.0
062 N000000   0.0
062 O000000   0.0
062 P000000   0.0
062 Q000000   0.0
062 R000000   0.0
063 A000000   0
063 B000000  0.0
066 A000000 Y
066 B000000 N
066 C000000 N
066 D000000 N
      PAGE  7
066 E000000 Y
066 F000000 N
066 G000000 N
067  000000 N
068 A000000 N
068 B000000 N
069  000000 N
070 A010000 Y
070 A020000 N
070 B010000 Y
070 B020000 Y
070 C010000 Y
070 C020000 N
070 D010000 Y
070 D020000 N
070 E010000 Y
070 E020000 N
070 F010000 Y
070 F020000 N
070 G010000 Y
070 G020000 N
070 H010000 Y
070 H020000 N
070 I010000 N
070 I020000 N
070 J010000 Y
070 J020000 N
070 K010000 Y
070 K020000 Y
070 L010000 Y
070 L020000 Y
070 M010000 Y
070 M020000 N
070 N010000 Y
070 N020000 N
070 O010000 Y
070 O020000 N
070 P010000 Y
070 P020000 Y
070 Q010000 N
070 Q020000 N
070 R010000 N
070 R020000 N
071 A000000    644592
071 B000000    517549
071 C000000    854248
071 D000000   61
072 A000000 12
072 B000000     7047
072 C000000    16631
072 D000000        0
      PAGE  8
072 E000000        1
072 F000000    11612
072 G000000        0
072 H000000        0
072 I000000       15
072 J000000      316
072 K000000        0
072 L000000      129
072 M000000       51
072 N000000       28
072 O000000        0
072 P000000        0
072 Q000000        0
072 R000000       48
072 S000000       98
072 T000000        0
072 U000000        0
072 V000000        0
072 W000000       92
072 X000000    12389
072 Y000000     1935
072 Z000000    13225
072AA000000    62766
072BB000000        0
072CC010000   298626
072CC020000        0
072DD010000    16196
072DD020000        0
072EE000000    45457
073 A010000   0.2856
073 A020000   0.0000
073 B000000   0.8016
073 C000000   0.0000
074 A000000     1346
074 B000000        0
074 C000000    54500
074 D000000        0
074 E000000        0
074 F000000  1108890
074 G000000       34
074 H000000        0
074 I000000    43652
074 J000000     1325
074 K000000        0
074 L000000     2153
074 M000000      207
074 N000000  1212107
074 O000000     2012
074 P000000     1160
074 Q000000        0
074 R010000        0
      PAGE  9
074 R020000        0
074 R030000    28547
074 R040000     1301
074 S000000        0
074 T000000  1179087
074 U010000    56708
074 U020000        0
074 V010000    20.79
074 V020000     0.00
074 W000000   0.0000
074 X000000       19
074 Y000000   173849
075 A000000        0
075 B000000   967707
076  000000    17.59
077 A000000 Y
077 B000000 Y
077 C000000 N
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 N
077 P000000 N
077 Q010000 Y
077 Q020000 N
077 Q030000 N
078  000000 N
080 A000000 VIGILANT INSURANCE COMPANY
080 B000000 GULF INSURANCE GROUP
080 C000000    33000
081 A000000 Y
081 B000000  61
082 A000000 Y
082 B000000       10
083 A000000 N
083 B000000        0
084 A000000 N
084 B000000        0
085 A000000 Y
085 B000000 N
086 A010000   3200
086 A020000  45840
086 B010000      0
      PAGE  10
086 B020000      0
086 C010000      0
086 C020000      0
086 D010000      0
086 D020000      0
086 E010000      0
086 E020000      0
086 F010000      0
086 F020000      0
087 A010000 COMMON
087 A020000 09254B109
087 A030000 BCF
088 A000000 N
088 B000000 N
088 C000000 N
088 D000000 N
SIGNATURE   DONALD C. BURKE
TITLE       TREASURER