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 811-6414
Name of Fund: BlackRock MuniYield Fund, Inc.
Fund Address: P.O. Box 9011
Princeton, NJ 08543-9011
Name and address of agent for service: Robert C. Doll, Jr., Chief Executive
Officer, BlackRock MuniYield 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: (609) 282-2800
Date of fiscal year end: 10/31/2007
Date of reporting period: 11/01/06 - 01/31/07
Item 1 - Schedule of Investments
BlackRock MuniYield Fund, Inc.
Schedule of Investments as of January 31, 2007 (in Thousands)
Face
State Amount Municipal Bonds Value
-----------------------------------------------------------------------------------------------------------------------------------
Alabama - 3.4% $ 4,540 Birmingham, Alabama, Special Care Facilities Financing Authority, Revenue Refunding Bonds
(Ascension Health Credit), Series C-2, 5% due 11/15/2036 $ 4,703
--------------------------------------------------------------------------------------------------------------
3,300 Birmingham, Alabama, Special Care Facilities Financing Authority, Revenue Refunding Bonds
(Ascension Health Credit), Series C-2, 5% due 11/15/2039 3,410
--------------------------------------------------------------------------------------------------------------
5,250 Jefferson County, Alabama, Limited Obligation School Warrants, Series A, 5.50%
due 1/01/2022 5,684
--------------------------------------------------------------------------------------------------------------
2,200 Tuscaloosa, Alabama, Special Care Facilities Financing Authority, Residential Care
Facility Revenue Bonds (Capstone Village, Inc. Project), Series A, 5.625% due 8/01/2025 2,221
--------------------------------------------------------------------------------------------------------------
6,425 Tuscaloosa, Alabama, Special Care Facilities Financing Authority, Residential Care
Facility Revenue Bonds (Capstone Village, Inc. Project), Series A, 5.875% due 8/01/2036 6,561
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Arizona - 8.9% 5,825 Arizona State Transportation Board, Highway Revenue Bonds, Sub-Series A, 5% due 7/01/2021 6,165
--------------------------------------------------------------------------------------------------------------
7,030 Arizona State Transportation Board, Highway Revenue Bonds, Sub-Series A, 5% due 7/01/2022 7,426
--------------------------------------------------------------------------------------------------------------
5,240 Arizona State Transportation Board, Highway Revenue Bonds, Sub-Series A, 5% due 7/01/2023 5,529
--------------------------------------------------------------------------------------------------------------
3,300 Maricopa County, Arizona, IDA, Education Revenue Bonds (Arizona Charter Schools
Project 1), Series A, 6.75% due 7/01/2029 3,355
--------------------------------------------------------------------------------------------------------------
5,000 Maricopa County, Arizona, IDA, M/F Housing Revenue Refunding Bonds (CRS Pine Ridge
Housing Corporation), Series A-1, 6% due 10/20/2031 (e)(h) 5,352
--------------------------------------------------------------------------------------------------------------
5,000 Maricopa County, Arizona, IDA, M/F Housing Revenue Refunding Bonds (CRS Pine Ridge
Housing Corporation), Series A-1, 6.05% due 10/20/2036 (e)(h) 5,314
--------------------------------------------------------------------------------------------------------------
3,000 Phoenix, Arizona, IDA, Airport Facility, Revenue Refunding Bonds (America West Airlines
Inc. Project), AMT, 6.25% due 6/01/2019 3,078
--------------------------------------------------------------------------------------------------------------
5,090 Phoenix, Arizona, IDA, Airport Facility, Revenue Refunding Bonds (America West Airlines
Inc. Project), AMT, 6.30% due 4/01/2023 5,193
--------------------------------------------------------------------------------------------------------------
1,610 Phoenix, Arizona, IDA, M/F Housing Revenue Bonds (Summit Apartments LLC Project), 6.25%
due 7/20/2022 (h)
1,755
--------------------------------------------------------------------------------------------------------------
1,425 Phoenix, Arizona, IDA, M/F Housing Revenue Bonds (Summit Apartments LLC Project), 6.45%
due 7/20/2032 (h)
1,550
--------------------------------------------------------------------------------------------------------------
1,305 Phoenix, Arizona, IDA, M/F Housing Revenue Bonds (Summit Apartments LLC Project), 6.55%
due 7/20/2037 (h)
1,425
--------------------------------------------------------------------------------------------------------------
1,400 Pima County, Arizona, IDA, Education Revenue Bonds (Arizona Charter Schools Project II),
Series A, 6.75% due 7/01/2031 1,500
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Portfolio Abbreviations
To simplify the listings of BlackRock MuniYield 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)
COP Certificates of Participation
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
M/F Multi-Family
PCR Pollution Control Revenue Bonds
PILOT Payment in Lieu of Taxes
S/F Single-Family
VRDN Variable Rate Demand Notes
BlackRock MuniYield Fund, Inc.
Schedule of Investments as of January 31, 2007 (in Thousands)
Face
State Amount Municipal Bonds Value
-----------------------------------------------------------------------------------------------------------------------------------
$ 3,000 Vistancia Community Facilities District, Arizona, GO, 5.50% due 7/15/2020 $ 3,240
--------------------------------------------------------------------------------------------------------------
2,125 Vistancia Community Facilities District, Arizona, GO, 5.75% due 7/15/2024 2,310
--------------------------------------------------------------------------------------------------------------
5,900 Yavapai County, Arizona, IDA, Hospital Facility Revenue Bonds (Yavapai Regional Medical
Center), Series A, 6% due 8/01/2033 6,349
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Arkansas - 0.7% 2,000 University of Arkansas, University Construction Revenue Bonds (UAMS Campus), Series B, 5%
due 11/01/2020 (i)
2,120
--------------------------------------------------------------------------------------------------------------
1,600 University of Arkansas, University Construction Revenue Bonds (UAMS Campus), Series B, 5%
due 11/01/2027 (i)
1,682
--------------------------------------------------------------------------------------------------------------
1,000 University of Arkansas, University Revenue Refunding Bonds (UAMS Campus), Series A, 5%
due 11/01/2014 (i)
1,073
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California - 14.5% 8,760 California State, GO, 5% due 2/01/2033 9,090
--------------------------------------------------------------------------------------------------------------
2,000 California State Public Works Board, Lease Revenue Bonds (Department of Corrections),
Series C, 5% due 6/01/2025 2,080
--------------------------------------------------------------------------------------------------------------
4,500 California State Public Works Board, Lease Revenue Bonds (Department of Mental Health -
Coalinga State Hospital), Series A, 5.125% due 6/01/2029 4,714
--------------------------------------------------------------------------------------------------------------
6,800 California State, Various Purpose, GO, 5.25% due 11/01/2025 7,248
--------------------------------------------------------------------------------------------------------------
10,000 California State, Various Purpose, GO, 5% due 4/01/2031 (a) 10,459
--------------------------------------------------------------------------------------------------------------
5,550 California State, Various Purpose, GO, 5.50% due 11/01/2033 6,028
--------------------------------------------------------------------------------------------------------------
5,500 Golden State Tobacco Securitization Corporation of California, Tobacco Settlement Revenue
Bonds, Series A-3, 7.875% due 6/01/2042 6,704
--------------------------------------------------------------------------------------------------------------
7,500 Golden State Tobacco Securitization Corporation of California, Tobacco Settlement Revenue
Bonds, Series A-4, 7.80% due 6/01/2042 9,111
--------------------------------------------------------------------------------------------------------------
25,970 Los Angeles, California, Unified School District, GO, Series A, 5% due 7/01/2013 (g)(j) 27,835
--------------------------------------------------------------------------------------------------------------
5,145 Santa Clara, California, Subordinated Electric Revenue Bonds, Series A, 5% due
7/01/2022 (i) 5,404
--------------------------------------------------------------------------------------------------------------
7,465 University of California Revenue Bonds (Multiple Purpose Projects), Series Q, 5% due
9/01/2021 (g) 7,869
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Colorado - 5.1% 3,245 Colorado Educational and Cultural Facilities Authority, Revenue Refunding Bonds
(University of Denver Project), Series B, 5.25% due 3/01/2016 (d)(j) 3,567
--------------------------------------------------------------------------------------------------------------
330 Colorado HFA, Revenue Refunding Bonds (S/F Program), AMT, Series D-2, 6.90% due 4/01/2029 331
--------------------------------------------------------------------------------------------------------------
8,000 Denver, Colorado, City and County Airport Revenue Bonds, AMT, Series D, 7.75%
due 11/15/2013 (a) 8,986
--------------------------------------------------------------------------------------------------------------
4,755 Denver, Colorado, Urban Renewal Authority, Tax Increment Revenue Bonds (Pavilions),
AMT, 7.75% due 3/01/2007 (j) 4,817
--------------------------------------------------------------------------------------------------------------
1,615 Elk Valley, Colorado, Public Improvement Revenue Bonds (Public Improvement Fee),
Series A, 7.10% due 9/01/2014 1,723
--------------------------------------------------------------------------------------------------------------
5,065 Elk Valley, Colorado, Public Improvement Revenue Bonds (Public Improvement Fee),
Series A, 7.35% due 9/01/2031 5,360
--------------------------------------------------------------------------------------------------------------
6,850 Plaza Metropolitan District Number 1, Colorado, Tax Allocation Revenue Bonds (Public
Improvement Fees), 8% due 12/01/2025 7,577
--------------------------------------------------------------------------------------------------------------
1,885 Plaza Metropolitan District Number 1, Colorado, Tax Allocation Revenue Bonds (Public
Improvement Fees), 8.125% due 12/01/2025 1,898
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BlackRock MuniYield Fund, Inc.
Schedule of Investments as of January 31, 2007 (in Thousands)
Face
State Amount Municipal Bonds Value
-----------------------------------------------------------------------------------------------------------------------------------
Connecticut - 0.1% $ 450 Connecticut State Development Authority, IDR (AFCO Cargo BDL-LLC Project), AMT, 7.35%
due 4/01/2010
$ 471
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Delaware - 0.3% 2,000 New Castle County, Delaware, PCR (General Motors Corporation Project), VRDN, 7%
due 10/01/2008 (n) 2,000
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Florida - 6.3% 4,240 Highlands County, Florida, Health Facilities Authority, Hospital Revenue Bonds (Adventist
Health System), Series C, 5.25% due 11/15/2036 4,478
--------------------------------------------------------------------------------------------------------------
11,500 Hillsborough County, Florida, IDA, Exempt Facilities Revenue Bonds (National Gypsum
Company), AMT, Series A, 7.125% due 4/01/2030 12,592
--------------------------------------------------------------------------------------------------------------
5,000 Hillsborough County, Florida, IDA, Exempt Facilities Revenue Bonds (National Gypsum
Company), AMT, Series B, 7.125% due 4/01/2030 5,475
--------------------------------------------------------------------------------------------------------------
4,705 Lee County, Florida, Revenue Bonds, 5% due 10/01/2022 (a) 4,957
--------------------------------------------------------------------------------------------------------------
5,450 Midtown Miami, Florida, Community Development District, Special Assessment Revenue Bonds,
Series B, 6.50% due 5/01/2037 6,001
--------------------------------------------------------------------------------------------------------------
1,100 Orange County, Florida, Health Facilities Authority, Health Care Revenue Refunding Bonds
(Orlando Lutheran Towers), 5.375% due 7/01/2020 1,104
--------------------------------------------------------------------------------------------------------------
2,500 Orlando, Florida, Greater Orlando Aviation Authority, Airport Facilities Revenue Bonds
(JetBlue Airways Corp.), AMT, 6.50% due 11/15/2036 2,693
--------------------------------------------------------------------------------------------------------------
4,620 Santa Rosa Bay Bridge Authority, Florida, Revenue Bonds, 6.25% due 7/01/2028 4,666
-----------------------------------------------------------------------------------------------------------------------------------
Georgia - 1.6% 4,600 Atlanta, Georgia, Tax Allocation Bonds (Atlantic Station Project), 7.90% due 12/01/2024 5,086
--------------------------------------------------------------------------------------------------------------
2,285 Brunswick and Glynn County, Georgia, Development Authority, First Mortgage Revenue Bonds
(Coastal Community Retirement Corporation Project), Series A, 7.125% due 1/01/2025 2,212
--------------------------------------------------------------------------------------------------------------
3,595 Brunswick and Glynn County, Georgia, Development Authority, First Mortgage Revenue Bonds
(Coastal Community Retirement Corporation Project), Series A, 7.25% due 1/01/2035 3,490
-----------------------------------------------------------------------------------------------------------------------------------
Idaho - 1.6% 170 Idaho Housing Agency, S/F Mortgage Revenue Refunding Bonds, AMT, Senior Series C-2, 7.15%
due 7/01/2023 175
--------------------------------------------------------------------------------------------------------------
10,000 Power County, Idaho, Industrial Development Corporation, Solid Waste Disposal Revenue
Bonds (FMC Corporation Project), AMT, 6.45% due 8/01/2032 10,623
-----------------------------------------------------------------------------------------------------------------------------------
Illinois - 5.0% 1,000 Bolingbrook, Illinois, Special Services Area Number 1, Special Tax Bonds (Forest City
Project), 5.90% due 9/01/2007 (m) 1,016
--------------------------------------------------------------------------------------------------------------
13,200 Chicago, Illinois, O'Hare International Airport Revenue Bonds, Third Lien, AMT,
Series B-2, 6% due 1/01/2029 (l) 14,705
--------------------------------------------------------------------------------------------------------------
3,915 Chicago, Illinois, O'Hare International Airport, Special Facility Revenue Refunding Bonds
(American Airlines Inc. Project), 8.20% due 12/01/2024 4,032
--------------------------------------------------------------------------------------------------------------
1,750 Illinois State Finance Authority Revenue Bonds (Friendship Village of Schaumburg),
Series A, 5.625% due 2/15/2037 1,799
--------------------------------------------------------------------------------------------------------------
2,155 Illinois State Finance Authority Revenue Bonds (Landing At Plymouth Place Project),
Series A, 6% due 5/15/2037 2,287
--------------------------------------------------------------------------------------------------------------
5,000 Illinois State Finance Authority, Revenue Refunding Bonds (Northwestern University), 5%
due 12/01/2042 5,221
--------------------------------------------------------------------------------------------------------------
4,000 Metropolitan Pier and Exposition Authority, Illinois, Dedicated State Tax Revenue Bonds
(McCormick Place Expansion), Series A, 5.50% due 6/15/2023 (i) 4,298
-----------------------------------------------------------------------------------------------------------------------------------
BlackRock MuniYield Fund, Inc.
Schedule of Investments as of January 31, 2007 (in Thousands)
Face
State Amount Municipal Bonds Value
-----------------------------------------------------------------------------------------------------------------------------------
Indiana - 1.1% $ 2,850 Indiana Municipal Power Agency, Power Supply System Revenue Bonds, Series A, 5%
due 1/01/2029 (d) $ 2,992
--------------------------------------------------------------------------------------------------------------
4,300 Indiana Transportation Finance Authority, Highway Revenue Bonds, Series A, 5%
due 6/01/2028 (g) 4,489
-----------------------------------------------------------------------------------------------------------------------------------
Kansas - 0.2% 1,250 Lenexa, Kansas, Health Care Facility Revenue Bonds (Lakeview Village Inc.), Series C,
6.875% due 5/15/2032 1,354
-----------------------------------------------------------------------------------------------------------------------------------
Kentucky - 0.5% 2,350 Kentucky Economic Development Finance Authority, Health System Revenue Refunding Bonds
(Norton Healthcare, Inc.), Series A, 6.625% due 10/01/2010 (j) 2,590
--------------------------------------------------------------------------------------------------------------
650 Kentucky Economic Development Finance Authority, Health System Revenue Refunding Bonds
(Norton Healthcare, Inc.), Series A, 6.625% due 10/01/2028 716
-----------------------------------------------------------------------------------------------------------------------------------
Louisiana - 5.7% 6,750 Louisiana Public Facilities Authority, Hospital Revenue Bonds (Franciscan Missionaries of
Our Lady Health System, Inc.), Series A, 5.25% due 8/15/2036 7,081
--------------------------------------------------------------------------------------------------------------
1,000 Louisiana Public Facilities Authority, Revenue Refunding Bonds (Pennington Medical
Foundation Project), 5% due 7/01/2031 1,028
--------------------------------------------------------------------------------------------------------------
10,000 Louisiana State Citizens Property Insurance Corporation, Assessment Revenue Bonds,
Series B, 5% due 6/01/2020 (a) 10,636
--------------------------------------------------------------------------------------------------------------
19,000 Port New Orleans, Louisiana, IDR, Refunding (Continental Grain Company Project), 6.50%
due 1/01/2017 19,350
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Maryland - 3.6% 5,615 Baltimore, Maryland, Convention Center Hotel Revenue Bonds, Senior Series A, 5.25%
due 9/01/2039 (l) 6,067
--------------------------------------------------------------------------------------------------------------
1,920 Baltimore, Maryland, Convention Center Hotel Revenue Bonds, Sub-Series B, 5.875%
due 9/01/2039 2,031
--------------------------------------------------------------------------------------------------------------
3,000 Maryland State Energy Financing Administration, Limited Obligation Revenue Bonds
(Cogeneration-AES Warrior Run), AMT, 7.40% due 9/01/2019 3,016
--------------------------------------------------------------------------------------------------------------
6,375 Maryland State Health and Higher Educational Facilities Authority, Revenue Refunding
Bonds (Peninsula Regional Medical Center), 5% due 7/01/2036 6,647
--------------------------------------------------------------------------------------------------------------
4,000 Maryland State Health and Higher Educational Facilities Authority, Revenue Refunding
Bonds (University of Maryland Medical System), 6% due 7/01/2032 4,349
--------------------------------------------------------------------------------------------------------------
500 Maryland State Industrial Development Financing Authority, Economic Development Revenue
Bonds (Our Lady of Good Counsel School), Series A, 6% due 5/01/2035 534
--------------------------------------------------------------------------------------------------------------
1,500 Prince Georges County, Maryland, Special Obligation Bonds (National Harbor Project),
5.20% due 7/01/2034 1,524
-----------------------------------------------------------------------------------------------------------------------------------
Massachu- 1,410 Massachusetts State College Building Authority, Project Revenue Bonds, Series A, 5%
setts - 4.9% due 5/01/2031 (a) 1,490
--------------------------------------------------------------------------------------------------------------
10,000 Massachusetts State Consolidated Loan, GO, Series C, 5% due 9/01/2015 (j) 10,831
--------------------------------------------------------------------------------------------------------------
3,500 Massachusetts State Development Finance Agency, Human Service Provider Revenue Bonds
(Seven Hills Foundation & Affiliates), 5% due 9/01/2035 (k) 3,618
--------------------------------------------------------------------------------------------------------------
2,750 Massachusetts State Development Finance Agency, Revenue Refunding Bonds (Western New
England College), Series A, 5% due 9/01/2033 (b) 2,875
--------------------------------------------------------------------------------------------------------------
3,125 Massachusetts State Health and Educational Facilities Authority, Revenue Bonds
(University of Massachusetts Memorial Healthcare), Series D, 5% due 7/01/2033 3,159
--------------------------------------------------------------------------------------------------------------
10,000 Massachusetts State Special Obligation Dedicated Tax Revenue Bonds, 5.25%
due 1/01/2014 (d)(j) 10,843
-----------------------------------------------------------------------------------------------------------------------------------
Michigan - 1.5% 6,060 Macomb County, Michigan, Hospital Finance Authority, Hospital Revenue Bonds (Mount
Clemens General Hospital), Series B, 5.875% due 11/15/2034 6,412
--------------------------------------------------------------------------------------------------------------
1,000 Michigan State Hospital Finance Authority, Revenue Refunding Bonds (Henry Ford Health
System), Series A, 5.25% due 11/15/2032 1,060
--------------------------------------------------------------------------------------------------------------
BlackRock MuniYield Fund, Inc.
Schedule of Investments as of January 31, 2007 (in Thousands)
Face
State Amount Municipal Bonds Value
-----------------------------------------------------------------------------------------------------------------------------------
$ 2,500 Michigan State Strategic Fund, PCR, Refunding (General Motors Corp.), 6.20% due 9/01/2020 $ 2,532
-----------------------------------------------------------------------------------------------------------------------------------
Minnesota - 1.2% 420 Eden Prairie, Minnesota, M/F Housing Revenue Bonds (Rolling Hills Project), Series A, 6%
due 8/20/2021 (h) 458
--------------------------------------------------------------------------------------------------------------
2,000 Eden Prairie, Minnesota, M/F Housing Revenue Bonds (Rolling Hills Project), Series A,
6.20% due 2/20/2043 (h) 2,167
--------------------------------------------------------------------------------------------------------------
945 Minneapolis, Minnesota, M/F Housing Revenue Bonds (Gaar Scott Loft Project), AMT, 5.95%
due 5/01/2030 983
--------------------------------------------------------------------------------------------------------------
4,500 Minnesota State Municipal Power Agency, Electric Revenue Bonds, 5% due 10/01/2030 4,673
-----------------------------------------------------------------------------------------------------------------------------------
Mississippi - 1.0% 6,405 Mississippi Business Finance Corporation Revenue Bonds (Northrop Grumman Ship System),
4.55% due 12/01/2028 6,368
-----------------------------------------------------------------------------------------------------------------------------------
Missouri - 4.0% 2,690 Fenton, Missouri, Tax Increment Revenue Refunding and Improvement Bonds (Gravois Bluffs),
7% due 10/01/2011 (j) 3,069
--------------------------------------------------------------------------------------------------------------
2,500 Missouri Joint Municipal Electric Utility Commission, Power Project Revenue Bonds
(Latan 2 Project), Series A, 4.50% due 1/01/2036 (a) 2,488
--------------------------------------------------------------------------------------------------------------
5,000 Missouri State Highways and Transportation Commission, First Lien State Road Revenue
Bonds, Series A, 5% due 5/01/2020 5,363
--------------------------------------------------------------------------------------------------------------
15,000 Missouri State Highways and Transportation Commission, First Lien State Road Revenue
Bonds, Series A, 5% due 5/01/2021 16,065
--------------------------------------------------------------------------------------------------------------
40 Missouri State Housing Development Commission, S/F Mortgage Revenue Bonds, Homeownership,
AMT, Series B, 7.55% due 9/01/2027 (f)(h) 41
-----------------------------------------------------------------------------------------------------------------------------------
Nebraska - 0.3% 865 Lincoln, Nebraska, Sanitation and Sewer Revenue Bonds, 4.25% due 6/15/2024 851
--------------------------------------------------------------------------------------------------------------
905 Lincoln, Nebraska, Sanitation and Sewer Revenue Bonds, 4.25% due 6/15/2025 888
-----------------------------------------------------------------------------------------------------------------------------------
New 3,425 New Hampshire Health and Education Facilities Authority, Revenue Refunding Bonds (Elliot
Hampshire - 0.6% Hospital), Series B, 5.60% due 10/01/2022 3,667
-----------------------------------------------------------------------------------------------------------------------------------
New Jersey - 18.5% 11,435 New Jersey EDA, Cigarette Tax Revenue Bonds, 5.50% due 6/15/2024 11,987
--------------------------------------------------------------------------------------------------------------
710 New Jersey EDA, First Mortgage Revenue Bonds (Lions Gate Project), Series A, 5.75%
due 1/01/2025 736
--------------------------------------------------------------------------------------------------------------
230 New Jersey EDA, First Mortgage Revenue Bonds (Lions Gate Project), Series A, 5.875%
due 1/01/2037 240
--------------------------------------------------------------------------------------------------------------
3,000 New Jersey EDA, First Mortgage Revenue Bonds (The Presbyterian Home), Series A, 6.375%
due 11/01/2031 3,179
--------------------------------------------------------------------------------------------------------------
20,000 New Jersey EDA, Motor Vehicle Surcharge Revenue Bonds, Series A, 5% due 7/01/2029 (i) 20,958
--------------------------------------------------------------------------------------------------------------
4,400 New Jersey EDA, Retirement Community Revenue Bonds (Cedar Crest Village Inc. Facility),
Series A, 7.25% due 11/15/2011 (j) 5,014
--------------------------------------------------------------------------------------------------------------
8,825 New Jersey EDA, School Facilities Construction Revenue Bonds, Series O, 5.25%
due 3/01/2023 9,492
--------------------------------------------------------------------------------------------------------------
3,905 New Jersey EDA, Special Facility Revenue Bonds (Continental Airlines Inc. Project), AMT,
6.25% due 9/15/2019 4,060
--------------------------------------------------------------------------------------------------------------
14,000 New Jersey EDA, Special Facility Revenue Bonds (Continental Airlines Inc. Project), AMT,
6.25% due 9/15/2029 14,594
--------------------------------------------------------------------------------------------------------------
1,515 New Jersey Health Care Facilities Financing Authority Revenue Bonds (Pascack Valley
Hospital Association), 6% due 7/01/2013 1,581
--------------------------------------------------------------------------------------------------------------
BlackRock MuniYield Fund, Inc.
Schedule of Investments as of January 31, 2007 (in Thousands)
Face
State Amount Municipal Bonds Value
-----------------------------------------------------------------------------------------------------------------------------------
$ 1,835 New Jersey Health Care Facilities Financing Authority Revenue Bonds (Pascack Valley
Hospital Association), 6.625% due 7/01/2036 $ 2,003
--------------------------------------------------------------------------------------------------------------
3,000 New Jersey State Educational Facilities Authority Revenue Bonds (Richard Stockton
College), Series F, 4.25% due 7/01/2036 (i) 2,869
--------------------------------------------------------------------------------------------------------------
3,975 New Jersey State Transportation Trust Fund Authority, Transportation System Revenue
Bonds, Series A, 5.50% due 12/15/2021 4,523
--------------------------------------------------------------------------------------------------------------
6,600 New Jersey State Transportation Trust Fund Authority, Transportation System Revenue
Bonds, Series A, 5.50% due 12/15/2022 7,537
--------------------------------------------------------------------------------------------------------------
13,110 New Jersey State Transportation Trust Fund Authority, Transportation System Revenue
Bonds, Series C, 5.05% due 12/15/2035 (a)(m) 3,597
--------------------------------------------------------------------------------------------------------------
5,425 New Jersey State Transportation Trust Fund Authority, Transportation System Revenue
Bonds, Series D, 5% due 6/15/2019 (g) 5,782
--------------------------------------------------------------------------------------------------------------
9,410 New Jersey State Transportation Trust Fund Authority, Transportation System Revenue
Bonds, Series D, 5% due 6/15/2020 9,909
--------------------------------------------------------------------------------------------------------------
7,000 New Jersey State Transportation Trust Fund Authority, Transportation System Revenue
Bonds, Series D, 5% due 6/15/2020 (g) 7,447
--------------------------------------------------------------------------------------------------------------
7,850 Tobacco Settlement Financing Corporation of New Jersey, Revenue Refunding Bonds,
Series 1A, 4.50% due 6/01/2023 7,698
-----------------------------------------------------------------------------------------------------------------------------------
New York - 18.2% 2,200 Dutchess County, New York, IDA, Civic Facility Revenue Refunding Bonds (Saint Francis
Hospital), Series A, 7.50% due 3/01/2029 2,442
--------------------------------------------------------------------------------------------------------------
2,400 Erie County, New York, IDA, Revenue Bonds (Orchard Park CCRC, Inc. Project), Series A, 6%
due 11/15/2026 2,563
--------------------------------------------------------------------------------------------------------------
4,200 Hudson Yards Infrastructure Corporation, New York, Revenue Bonds, Series A, 5%
due 2/15/2047 4,383
--------------------------------------------------------------------------------------------------------------
11,000 Metropolitan Transportation Authority, New York, Transportation Revenue Refunding Bonds,
Series F, 5% due 11/15/2035 11,509
--------------------------------------------------------------------------------------------------------------
2,000 New York City, New York, City IDA, PILOT Revenue Bonds (Queens Baseball Stadium Project),
5% due 1/01/2022 (a) 2,140
--------------------------------------------------------------------------------------------------------------
2,175 New York City, New York, City IDA, PILOT Revenue Bonds (Queens Baseball Stadium Project),
5% due 1/01/2023 (a) 2,324
--------------------------------------------------------------------------------------------------------------
13,250 New York City, New York, City IDA, PILOT Revenue Bonds (Yankee Stadium Project), 5%
due 3/01/2036 (i) 14,014
--------------------------------------------------------------------------------------------------------------
1,250 New York City, New York, City IDA, Special Facility Revenue Bonds (British Airways Plc
Project), AMT, 7.625% due 12/01/2032 1,401
--------------------------------------------------------------------------------------------------------------
10,000 New York City, New York, City Municipal Water Finance Authority, Water and Sewer System,
Revenue Refunding Bonds, 5.50% due 6/15/2010 (j) 10,650
--------------------------------------------------------------------------------------------------------------
10,000 New York City, New York, GO, Series M, 5% due 4/01/2021 10,527
--------------------------------------------------------------------------------------------------------------
2,500 New York City, New York, GO, Series O, 5% due 6/01/2033 2,611
--------------------------------------------------------------------------------------------------------------
6,500 New York Liberty Development Corporation, Revenue Bonds (Goldman Sachs Headquarters),
5.25% due 10/01/2035 7,441
--------------------------------------------------------------------------------------------------------------
3,145 New York State Dormitory Authority, Non-State Supported Debt, Revenue Refunding Bonds
(Mount Sinai Health), Series A, 6.75% due 7/01/2010 (j) 3,469
--------------------------------------------------------------------------------------------------------------
BlackRock MuniYield Fund, Inc.
Schedule of Investments as of January 31, 2007 (in Thousands)
Face
State Amount Municipal Bonds Value
-----------------------------------------------------------------------------------------------------------------------------------
$ 1,855 New York State Dormitory Authority, Non-State Supported Debt, Revenue Refunding Bonds
(Mount Sinai-NYU Medical Center Health System), Series A, 6.75% due 7/01/2020 $ 2,000
--------------------------------------------------------------------------------------------------------------
5,000 New York State Dormitory Authority, State Personal Income Tax Revenue Bonds (Education),
Series F, 5% due 3/15/2035 5,266
--------------------------------------------------------------------------------------------------------------
8,360 New York State Dormitory Authority, Supported Debt Revenue Refunding Bonds (Department of
Health), Series A, 5% due 7/01/2023 (c) 8,799
--------------------------------------------------------------------------------------------------------------
2,500 Suffolk County, New York, IDA, IDR, Refunding (Nissequogue Cogeneration Partners
Facility), AMT, 5.50% due 1/01/2023 2,468
--------------------------------------------------------------------------------------------------------------
9,400 Tobacco Settlement Financing Corporation of New York Revenue Bonds, Series C-1, 5.50%
due 6/01/2021 10,154
--------------------------------------------------------------------------------------------------------------
10,000 Triborough Bridge and Tunnel Authority, New York, Subordinate Revenue Bonds, 5.25%
due 11/15/2030 10,620
--------------------------------------------------------------------------------------------------------------
3,450 Westchester County, New York, IDA, Continuing Care Retirement, Mortgage Revenue Bonds
(Kendal on Hudson Project), Series A, 6.375% due 1/01/2024 3,690
--------------------------------------------------------------------------------------------------------------
2,895 Westchester County, New York, IDA, Continuing Care Retirement, Mortgage Revenue Bonds
(Kendal on Hudson Project), Series A, 6.50% due 1/01/2034 3,102
-----------------------------------------------------------------------------------------------------------------------------------
North 4,750 North Carolina Eastern Municipal Power Agency, Power System Revenue Bonds, Series D,
Carolina - 1.8% 6.75% due 1/01/2026 5,110
--------------------------------------------------------------------------------------------------------------
150 North Carolina, HFA, Home Ownership Revenue Bonds, AMT, Series 8-A, 6.20% due 7/01/2016 155
--------------------------------------------------------------------------------------------------------------
685 North Carolina, HFA, S/F Revenue Bonds, Series II, 6.20% due 3/01/2016 (e) 709
--------------------------------------------------------------------------------------------------------------
1,000 North Carolina Medical Care Commission, Health Care Facilities, First Mortgage Revenue
Bonds (Arbor Acres Community Project), 6.375% due 3/01/2032 1,066
--------------------------------------------------------------------------------------------------------------
5,000 North Carolina Medical Care Commission, Health Care Facilities, First Mortgage Revenue
Bonds (Presbyterian Homes Project), 5.40% due 10/01/2027 5,163
-----------------------------------------------------------------------------------------------------------------------------------
Ohio - 3.1% 3,000 Cincinnati, Ohio, City School District, GO (Classroom Construction and Improvement),
Refunding, 5.25% due 12/01/2020 (d) 3,378
--------------------------------------------------------------------------------------------------------------
141 Cuyahoga County, Ohio, Mortgage Revenue Bonds (West Tech Apartments Project), AMT, 5.75%
due 9/20/2020 (h) 140
--------------------------------------------------------------------------------------------------------------
225 Cuyahoga County, Ohio, Mortgage Revenue Bonds (West Tech Apartments Project), AMT, 5.85%
due 9/20/2030 (h) 222
--------------------------------------------------------------------------------------------------------------
5,065 Hamilton County, Ohio, Sewer System Improvement Revenue Bonds (The Metropolitan Sewer
District of Greater Cincinnati), Series B, 5% due 12/01/2028 (i) 5,354
--------------------------------------------------------------------------------------------------------------
2,175 Lucas County, Ohio, Health Care Facility Revenue Refunding and Improvement Bonds (Sunset
Retirement Communities), Series A, 6.625% due 8/15/2030 2,324
--------------------------------------------------------------------------------------------------------------
5,000 Mason, Ohio, City School District, GO (School Improvement), 5% due 6/01/2014 (g)(j) 5,240
--------------------------------------------------------------------------------------------------------------
970 Port of Greater Cincinnati Development Authority, Ohio, Special Assessment Revenue Bonds
(Cooperative Public Parking Infrastructure Project), 6.30% due 2/15/2024 1,045
--------------------------------------------------------------------------------------------------------------
750 Toledo-Lucas County, Ohio, Port Authority Revenue Bonds (Saint Mary Woods Project),
Series A, 6% due 5/15/2024 766
--------------------------------------------------------------------------------------------------------------
2,250 Toledo-Lucas County, Ohio, Port Authority Revenue Bonds (Saint Mary Woods Project),
Series A, 6% due 5/15/2034 2,280
-----------------------------------------------------------------------------------------------------------------------------------
BlackRock MuniYield Fund, Inc.
Schedule of Investments as of January 31, 2007 (in Thousands)
Face
State Amount Municipal Bonds Value
-----------------------------------------------------------------------------------------------------------------------------------
Oregon - 1.4% $ 4,405 Oregon State Department of Administrative Services, COP, Series A, 6%
due 5/01/2010 (a)(j) $ 4,746
--------------------------------------------------------------------------------------------------------------
2,870 Oregon State, GO, Refunding (Veterans Welfare), Series 80A, 5.70% due 10/01/2032 2,890
--------------------------------------------------------------------------------------------------------------
1,830 Portland, Oregon, Housing Authority, Housing Revenue Bonds (Pine Square and University
Place), Series A, 5.875% due 1/01/2022 1,871
-----------------------------------------------------------------------------------------------------------------------------------
Pennsylvania - 5.0% 5,270 Pennsylvania Economic Development Financing Authority, Exempt Facilities Revenue Bonds
(National Gypsum Company), AMT, Series A, 6.25% due 11/01/2027 5,544
--------------------------------------------------------------------------------------------------------------
16,270 Pennsylvania State Higher Educational Facilities Authority, Health Services Revenue
Refunding Bonds (Allegheny Delaware Valley Obligation), Series C, 5.875%
due 11/15/2016 (i) 16,619
--------------------------------------------------------------------------------------------------------------
1,265 Philadelphia, Pennsylvania, Authority for IDR, Commercial Development, 7.75%
due 12/01/2017 1,268
--------------------------------------------------------------------------------------------------------------
3,650 Philadelphia, Pennsylvania, Authority for IDR, Commercial Development (Days Inn),
Refunding, Series B, 6.50% due 2/01/2007 (j) 3,723
--------------------------------------------------------------------------------------------------------------
5,000 Sayre, Pennsylvania, Health Care Facilities Authority, Revenue Bonds (Guthrie Healthcare
System), Series B, 7.125% due 12/01/2031 5,918
-----------------------------------------------------------------------------------------------------------------------------------
Rhode Island - 1.1% 4,240 Central Falls, Rhode Island, Detention Facility Corporation, Detention Facility, Revenue
Refunding Bonds, 7.25% due 7/15/2035 4,750
--------------------------------------------------------------------------------------------------------------
1,225 Woonsocket, Rhode Island, GO, 6% due 10/01/2017 (d) 1,323
--------------------------------------------------------------------------------------------------------------
1,195 Woonsocket, Rhode Island, GO, 6% due 10/01/2018 (d) 1,290
-----------------------------------------------------------------------------------------------------------------------------------
Tennessee - 4.0% 4,340 Hardeman County, Tennessee, Correctional Facilities Corporation Revenue Bonds, 7.75%
due 8/01/2017 4,459
--------------------------------------------------------------------------------------------------------------
10,000 McMinn County, Tennessee, IDB, Solid Waste Revenue Bonds (Recycling Facility-Calhoun
Newsprint), AMT, 7.40% due 12/01/2022 10,138
--------------------------------------------------------------------------------------------------------------
11,250 Shelby County, Tennessee, Health, Educational and Housing Facility Board, Hospital
Revenue Refunding Bonds (Saint Jude Children's Research Hospital), 5% due 7/01/2031 11,748
-----------------------------------------------------------------------------------------------------------------------------------
Texas - 13.3% 5,000 Alliance Airport Authority, Inc., Texas, Special Facilities Revenue Bonds (American
Airlines Inc. Project), AMT, 7.50% due 12/01/2029 5,101
--------------------------------------------------------------------------------------------------------------
10,000 Austin, Texas, Convention Center Revenue Bonds (Convention Enterprises Inc.), First Tier,
Series A, 6.70% due 1/01/2011 (j) 11,031
--------------------------------------------------------------------------------------------------------------
1,300 Bexar County, Texas, Housing Finance Corporation, M/F Housing Revenue Bonds (Water at
Northern Hills Apartments), Series A, 5.80% due 8/01/2021 (i) 1,322
--------------------------------------------------------------------------------------------------------------
2,460 Bexar County, Texas, Housing Finance Corporation, M/F Housing Revenue Bonds (Water at
Northern Hills Apartments), Series A, 6% due 8/01/2031 (i) 2,506
--------------------------------------------------------------------------------------------------------------
1,000 Bexar County, Texas, Housing Finance Corporation, M/F Housing Revenue Bonds (Water at
Northern Hills Apartments), Series A, 6.05% due 8/01/2036 (i) 1,019
--------------------------------------------------------------------------------------------------------------
3,755 Brazos River Authority, Texas, Revenue Refunding Bonds (Reliant Energy Inc. Project),
Series B, 7.75% due 12/01/2018 3,966
--------------------------------------------------------------------------------------------------------------
5,480 Dallas-Fort Worth, Texas, International Airport Facilities Improvement Corporation
Revenue Bonds (American Airlines, Inc.), AMT, 7.25% due 11/01/2030 5,562
--------------------------------------------------------------------------------------------------------------
2,000 Gregg County, Texas, Health Facilities Development Corporation, Hospital Revenue Bonds
(Good Shepherd Medical Center Project), 6.375% due 10/01/2010 (j)(k) 2,190
--------------------------------------------------------------------------------------------------------------
BlackRock MuniYield Fund, Inc.
Schedule of Investments as of January 31, 2007 (in Thousands)
Face
State Amount Municipal Bonds Value
-----------------------------------------------------------------------------------------------------------------------------------
$ 3,000 Gregg County, Texas, Health Facilities Development Corporation, Hospital Revenue Bonds
(Good Shepherd Medical Center Project), 6.875% due 10/01/2010 (j)(k) $ 3,334
--------------------------------------------------------------------------------------------------------------
5,000 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 5,107
--------------------------------------------------------------------------------------------------------------
3,900 Gulf Coast, Texas, IDA, Solid Waste Disposal Revenue Bonds (Citgo Petroleum Corporation
Project), AMT, 7.50% due 5/01/2025 4,376
--------------------------------------------------------------------------------------------------------------
3,500 Houston, Texas, Airport System, Special Facilities Revenue Bonds (Continental Airlines),
AMT, Series E, 7.375% due 7/01/2022 3,884
--------------------------------------------------------------------------------------------------------------
3,000 Houston, Texas, Airport System, Special Facilities Revenue Bonds (Continental Airlines),
AMT, Series E, 7% due 7/01/2029 3,285
--------------------------------------------------------------------------------------------------------------
1,600 Houston, Texas, Industrial Development Corporation Revenue Bonds (Air Cargo), AMT, 6.375%
due 1/01/2023 1,712
--------------------------------------------------------------------------------------------------------------
4,830 Lower Colorado River Authority, Texas, PCR (Samsung Austin Semiconductor), AMT, 6.375%
due 4/01/2027 4,944
--------------------------------------------------------------------------------------------------------------
3,330 Lower Colorado River Authority, Texas, PCR (Samsung Austin Semiconductor), AMT, 6.95%
due 4/01/2030 3,644
--------------------------------------------------------------------------------------------------------------
7,030 Matagorda County, Texas, Navigation District Number 1, Revenue Refunding Bonds (Reliant
Energy Inc.), Series C, 8% due 5/01/2029 7,420
--------------------------------------------------------------------------------------------------------------
3,900 Port Corpus Christi, Texas, Individual Development Corporation, Environmental Facilities
Revenue Bonds (Citgo Petroleum Corporation Project), AMT, 8.25% due 11/01/2031 4,006
--------------------------------------------------------------------------------------------------------------
6,500 Texas State Turnpike Authority, Central Texas Turnpike System Revenue Bonds, First Tier,
Series A, 5.50% due 8/15/2039 (a) 6,953
--------------------------------------------------------------------------------------------------------------
7,020 Tyler, Texas, Waterworks and Sewer Revenue Bonds, 5.70% due 9/01/2010 (d)(j) 7,470
-----------------------------------------------------------------------------------------------------------------------------------
Virginia - 2.5% 1,500 James City County, Virginia, EDA, Residential Care Facility, First Mortgage Revenue
Refunding Bonds (Williamsburg Landing, Inc.), Series A, 5.35% due 9/01/2026 1,546
--------------------------------------------------------------------------------------------------------------
2,000 James City County, Virginia, EDA, Residential Care Facility, First Mortgage Revenue
Refunding Bonds (Williamsburg Landing, Inc.), Series A, 5.50% due 9/01/2034 2,065
--------------------------------------------------------------------------------------------------------------
5,000 Pocahontas Parkway Association, Virginia, Toll Road Revenue Bonds, Senior-Series A, 5.50%
due 8/15/2008 (j) 5,232
--------------------------------------------------------------------------------------------------------------
24,800 Pocahontas Parkway Association, Virginia, Toll Road Revenue Bonds, Senior-Series B, 6.67%
due 8/15/2008 (j)(m) 7,041
--------------------------------------------------------------------------------------------------------------
1,000 Winchester, Virginia, IDA, Residential Care Facilities, Revenue Bonds
(Westminster-Canterbury), Series A, 5.20% due 1/01/2027 1,017
-----------------------------------------------------------------------------------------------------------------------------------
Washington - 0.3% 945 Vancouver, Washington, Housing Authority, Housing Revenue Bonds (Teal Pointe Apartments
Project), AMT, 6% due 9/01/2022 966
--------------------------------------------------------------------------------------------------------------
1,250 Vancouver, Washington, Housing Authority, Housing Revenue Bonds (Teal Pointe Apartments
Project), AMT, 6.20% due 9/01/2032 1,277
-----------------------------------------------------------------------------------------------------------------------------------
Wisconsin - 0.7% 690 Milwaukee, Wisconsin, Revenue Bonds (Air Cargo), AMT, 6.50% due 1/01/2025 743
--------------------------------------------------------------------------------------------------------------
1,000 Wisconsin Health and Educational Facilities Authority, Revenue Refunding Bonds
(Eastcastle Place Inc. Project), 6% due 12/01/2024 1,032
--------------------------------------------------------------------------------------------------------------
BlackRock MuniYield Fund, Inc.
Schedule of Investments as of January 31, 2007 (in Thousands)
Face
State Amount Municipal Bonds Value
-----------------------------------------------------------------------------------------------------------------------------------
$ 1,800 Wisconsin Health and Educational Facilities Authority, Revenue Refunding Bonds
(Eastcastle Place Inc. Project), 6.125% due 12/01/2034 $ 1,849
--------------------------------------------------------------------------------------------------------------
700 Wisconsin State, GO, AMT, Series B, 6.20% due 11/01/2026 (i) 707
-----------------------------------------------------------------------------------------------------------------------------------
Wyoming - 0.4% 2,500 Wyoming Student Loan Corporation, Student Loan Revenue Refunding Bonds, Series A, 6.20%
due 6/01/2024 2,645
-----------------------------------------------------------------------------------------------------------------------------------
U.S. Virgin 6,250 Virgin Islands Public Finance Authority, Refinery Facilities Revenue Bonds (Hovensa
Islands - 1.0% Refinery), AMT, 6.125% due 7/01/2022 6,905
-----------------------------------------------------------------------------------------------------------------------------------
Total Municipal Bonds (Cost - $901,217) - 143.4% 957,357
-----------------------------------------------------------------------------------------------------------------------------------
Municipal Bonds Held in Trust (o)
-----------------------------------------------------------------------------------------------------------------------------------
New York - 3.3% 10,000 New York City, New York, GO, Refunding, Series A, 6.375% due 5/15/2014 (d) 10,846
--------------------------------------------------------------------------------------------------------------
10,000 New York City, New York, GO, Refunding, Series A, 6.375% due 5/15/2015 (d) 10,846
-----------------------------------------------------------------------------------------------------------------------------------
South 7,795 Charleston Educational Excellence Financing Corporation, South Carolina, Revenue Bonds
Carolina - 2.8% (Charleston 8,381
County School District), 5.25% due 12/01/2028 (b)
--------------------------------------------------------------------------------------------------------------
6,920 Charleston Educational Excellence Financing Corporation, South Carolina, Revenue Bonds
(Charleston County School District), 5.25% due 12/01/2029 (b) 7,441
--------------------------------------------------------------------------------------------------------------
2,510 Charleston Educational Excellence Financing Corporation, South Carolina, Revenue Bonds
(Charleston County School District), 5.25% due 12/01/2030 (b) 2,697
-----------------------------------------------------------------------------------------------------------------------------------
Puerto Rico - 5.6% 30,000 Puerto Rico Commonwealth Highway and Transportation Authority, Transportation Revenue
Bonds, Series B, 5.875% due 7/01/2035 (i) 32,330
--------------------------------------------------------------------------------------------------------------
5,000 Puerto Rico Electric Power Authority, Power Revenue Bonds, Series HH, 5.75%
due 7/01/2010 (g) 5,360
-----------------------------------------------------------------------------------------------------------------------------------
Total Municipal Bonds Held in Trust - (Cost - $75,321) - 11.7% 77,901
-----------------------------------------------------------------------------------------------------------------------------------
Total Investments (Cost - $976,538*) - 155.1% 1,035,258
Other Assets Less Liabilities - 1.8% 12,096
Liability for Trust Certificates, Including Interest Expense Payable - (5.4%) (36,298)
Preferred Stock, at Redemption Value - (51.5%) (343,411)
----------
Net Assets Applicable to Common Stock - 100.0% $ 667,645
==========
* The cost and unrealized appreciation (depreciation) of investments as of
January 31, 2007, as computed for federal income tax purposes, were as
follows:
Aggregate cost $ 937,532
===========
Gross unrealized appreciation $ 62,240
Gross unrealized depreciation (627)
-----------
Net unrealized appreciation $ 61,613
===========
BlackRock MuniYield Fund, Inc.
Schedule of Investments as of January 31, 2007 (in Thousands)
(a) AMBAC Insured.
(b) Assured Guaranty Insured.
(c) CIFG Insured.
(d) FGIC Insured.
(e) FHA Insured.
(f) FNMA Collateralized.
(g) FSA Insured.
(h) GNMA Collateralized.
(i) MBIA Insured.
(j) Prerefunded.
(k) Radian Insured.
(l) XL Capital Insured.
(m) Represents a zero coupon bond; the interest rate shown reflects the
effective yield at the time of purchase.
(n) 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.
(o) 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 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:
-------------------------------------------------------------------------------------
Affiliate Net Activity Dividend Income
-------------------------------------------------------------------------------------
Merrill Lynch Institutional Tax-Exempt Fund (6,924) $51
-------------------------------------------------------------------------------------
Item 2 - Controls and Procedures
2(a) - The registrant's certifying officers have reasonably designed such
disclosure controls and procedures to ensure material information
relating to the registrant is made known to us by others particularly
during the period in which this report is being prepared. The
registrant's certifying officers have determined that the registrant's
disclosure controls and procedures are effective based on our evaluation
of these controls and procedures as of a date within 90 days prior to the
filing date of this report.
2(b) - As of September 29, 2006, with the conclusion of the combination of
Merrill Lynch's asset management business with BlackRock, the registrant
was migrated to BlackRock's trading and compliance monitoring systems,
and various personnel changes occurred. In conjunction with these
business improvements, there were no changes in the registrants internal
control over financial reporting (as defined in Rule 30a-3(d) under Act
(17 CFR 270.30a-3(d)) that occurred during the last fiscal half-year of
the period covered by this report that has materially affected, or is
reasonably likely to 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 MuniYield Fund, Inc.
By: /s/ Robert C. Doll, Jr.
------------------------------
Robert C. Doll, Jr.
Chief Executive Officer
BlackRock MuniYield Fund, Inc.
Date: March 26, 2007
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/ Robert C. Doll, Jr.
------------------------------
Robert C. Doll, Jr.
Chief Executive Officer
BlackRock MuniYield Fund, Inc.
Date: March 26, 2007
By: /s/ Donald C. Burke
------------------------------
Donald C. Burke
Chief Financial Officer
BlackRock MuniYield Fund, Inc.
Date: March 26, 2007