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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: 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, 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: 12/31/2007

Date of reporting period: 07/01/2007 – 09/30/2007

Item 1 – Schedule of Investments

PORTFOLIO OF INVESTMENTS (unaudited)
SEPTEMBER 30, 2007
 BlackRock Florida Insured Municipal 2008 Term Trust (BRF) 
(Percentages shown are based on Net Assets)

Principal
                 
Amount
           
(000)
  Description      Value  
      LONG-TERM INVESTMENTS—77.3%        
      Florida—76.1%        
$ 1,500   Alachua Cnty. Sch. Dist., Ad Valorem Ppty.        
         Tax GO, 4.25%, 1/01/09, FSA   $ 1,514,580  
  4,190   Brd. of Ed., Sch. Impvts. Misc. RB, Ser. A,        
         5.00%, 7/01/08, FGIC     4,237,975  
      City of Jacksonville,        
  2,000      Pub. Impvts. Sales Tax RB, 4.10%,        
         10/01/08, AMBAC     2,012,580  
  1,155      Sales Tax RB, 3.125%, 10/01/08, FGIC     1,149,213  
  5,895      Sales Tax RB, 4.25%, 10/01/08, AMBAC     5,941,335  
  2,000   City of Lakeland, Elec., Pwr. & Lt. RB,        
         5.90%, 10/01/08, FSA     2,047,620  
      City of Orlando, Swr. RB,        
  1,100      Ser. A, 3.25%, 10/01/08, AMBAC     1,096,436  
  1,280      Ser. A, 3.50%, 10/01/09, AMBAC     1,280,243  
  10,000   Cnty. of Hillsborough, Wtr. RB, 4.50%,        
         8/01/08, AMBAC     10,085,100  
      Cnty. of Miami-Dade,        
  905 1    Misc. Taxes RB, Ser. B, Zero Coupon,        
         10/01/08, AMBAC     873,108  
  1,095      Misc. Taxes RB, Ser. B, Zero Coupon,        
         10/01/08, AMBAC     1,055,996  
  1,535      Pub. Impvts. RB, 3.40%, 4/01/08,        
         AMBAC     1,534,325  
      Cnty. of Orange,        
  5,130      Misc. Taxes RB, Ser. A, 4.00%, 10/01/08,        
         AMBAC     5,157,702  
  1,005 1    Sales Tax RB, Ser. A, 5.85%, 10/01/08,        
         MBIA     1,028,497  
  495      Sales Tax RB, Ser. A, 5.85%, 10/01/08,        
         MBIA     506,623  
      Cnty. of Osceola,        
  640      Fuel Sales Tax RB, 3.10%, 4/01/08, FGIC     638,189  
  1,810 1    Trans. Impvts. Sales Tax RB, 3.75%,        
         10/01/08, AMBAC     1,814,090  
  2,000   Cnty. of Seminole, Wtr. RB, 6.00%,        
         10/01/09, MBIA     2,067,760  
  5,905   Dept. of Env. Protection, Recreational Fac.        
         Impvts. Sales Tax RB, Ser. B, 4.00%,        
         7/01/08, FGIC     5,928,856  
      Div. of Bd. Fin.,        
  8,000      Recreational Fac. Impvts. Misc. Taxes        
         RB, Dept. of Env. Presvtn. Proj., Ser. B,        
         5.25%, 7/01/10, FSA     8,175,920  
  2,000      Recreational Fac. Impvts. Sales Tax RB,        
   
   Nat. Res. & Presvtn. Proj., Ser. A, 5.00%,
       
         7/01/11, AMBAC     2,020,800  
  1,095   Escambia Cnty. Utils. Auth., Mult. Util. RB,        
         Ser. B, 6.125%, 1/01/09, FGIC     1,113,878  
  6,000   Greater Orlando Aviation Auth., Port, Arpt.        
   
    
   & Marina RB, Orlando Arpt. Facs. Proj.,
       
         Ser. C, 3.50%, 10/01/08, MBIA     5,997,060  
  3,000   Hillsborough Cnty. Sch. Brd., Sales Tax RB,        
         4.00%, 10/01/09, AMBAC     3,030,570  
  950   Indian River Cnty. Sch. Dist., Ad Valorem        
         Ppty. Tax GO, 3.25%, 4/01/08, FSA     948,480  
  3,000   Lee Cnty., Port, Arpt. & Marina RB, 4.25%,        
         10/01/09, FSA     3,040,350  
      Miami, Ad Valorem Ppty. Tax GO,        
  1,345      5.90%, 12/01/08, FGIC     1,382,458  
  1,000      6.00%, 12/01/09, FGIC     1,052,080  
  2,000 1 Miami-Dade Cnty. Edl. Facs. Auth., Univ.        
   
   & Coll. Impvts. RB, Univ. of Miami Proj.,
       
         Ser. A, 4.875%, 4/01/09, AMBAC     2,040,940  
Principal
                 
Amount
           
(000)
  Description    
Value
 
      Florida— (cont'd)        
$
4,775
  Miami-Dade Cnty. Sch. Brd., Lease Approp.        
         COP, 5.25%, 8/01/11, FSA   $ 4,885,446  
 
1,090
  Mun. Loan Council, Pub. Impvts. Misc. RB,        
 
     Ser. C, 3.50%, 11/01/08, MBIA     1,090,207  
 
4,935
  Pasco Cnty., Rec. Recovery RB, 6.00%,        
 
     4/01/09, FGIC     4,944,574  
 
2,000
  Polk Cnty. Sch. Brd., Sch. Impvts. Lease        
         Approp. COP, Ser. A, 3.20%, 1/01/08,        
         FSA     1,997,400  
  500   Saint Petersburg Hlth. Facs. Auth., Hlth.,        
         Hosp. & Nursing Home RB, All        
         Children's Hosp. Proj., 3.10%, 11/15/08,        
         AMBAC     496,335  
 
2,530
  Tpke. Auth., Hwy. Impvts. Hwy. Tolls RB,        
 
     Ser. B, 5.50%, 7/01/08, MBIA     2,568,355  
 
1,370
  Vlg. Ctr. Cmnty. Dev. Dist., Recreational        
 
     RB, Ser. A, 5.50%, 11/01/08, MBIA     1,399,647  
 
2,370
  Volusia Cnty., Sales Tax RB, Ser. B, 4.00%,        
 
     10/01/08, MBIA     2,382,561  
 
        98,537,289  
 
  Puerto Rico—1.2%        
 
1,500
  Mun. Fin. Agcy., Cash Flow Mgmt. Ad        
         Valorem Ppty. Tax GO, Ser. A, 5.625%,        
         8/01/10, FSA     1,569,825  
      Total Long-Term Investments        
      (cost $99,147,301)     100,107,114  
     
SHORT-TERM INVESTMENTS—21.8%
       
      Florida—21.8%        
 
400
2 Dade Cnty. Indl. Dev. Auth. Poll. Ctrl., Indl.        
         RB, Pwr. & Lt. Co. Proj., 4.04%,        
         10/01/07, FRDD     400,000  
      Jacksonville Hlth. Facs. Auth.,        
 
4,050
2    Hlth., Hosp. & Nursing Home Impvts.        
 
     RB, Baptist Med. Ctr. Proj., 4.00%,        
 
     10/01/07, FRDD     4,050,000  
 
1,645
 2    Hlth., Hosp. & Nursing Home RB,        
 
     Daughters of Charity Proj., 4.00%,        
 
     10/01/07, MBIA, FRDD     1,645,000  
 
1,000
 2 North Broward Hosp. Dist. RB, Ser. B,        
 
     3.87%, 10/03/07, CIFG, FRWD     1,000,000  
 
  Orange Cnty. Hlth. Facs. Auth., Hlth., Hosp.        
 
  & Nursing Home Impvts. RB, Orlando Regl.        
 
  Hlth. Care Proj.,        
 
950
2    4.00%, 10/01/07, FSA, FRDD     950,000  
 
1,400
2    4.02%, 10/01/07, FGIC, FRDD     1,400,000  
 
2,900
2 Orlando & Orange Cnty. Expwy. Auth.,        
     
   Hwy. Impvts. Tolls RB, Ser. B-1, 3.83%,
       
         10/04/07, AMBAC, FRWD     2,900,000  
      Pinellas Cnty. Hlth. Fac. Auth., Hlth., Hosp.        
         & Nursing Home RB,        
 
5,200
 2    All Children's Hosp. Proj., 4.03%,        
 
     10/01/07, AMBAC, FRDD     5,200,000  
 
5,200
2    Baycare Hlth. Sys., Inc. Proj., 3.84%,        
 
     10/04/07, FSA, FRWD     5,200,000  
 
2,305
2 Sunshine St. Govt'l. Fing. Comm., Pub.        
         Impvts. Misc. RB, 4.08%, 10/01/07,        
         AMBAC, FRDD     2,305,000  


1

 BlackRock Florida Insured Municipal 2008 Term Trust (BRF)  (continued)
(Percentages shown are based on Net Assets)

Principal
             
Amount
           
(000)
  Description         Value  
      Florida— (cont'd)        
$
3,100
2 West Palm Beach Util. Sys., Mult. Util. RB,        
     
3.86%, 10/03/07, FGIC, FRWD
  $ 3,100,000  
      Total Short-Term Investments        
      (cost $28,150,000)     28,150,000  
Total Investments—99.1% (cost $127,297,3013)   $ 128,257,114  
Other assets in excess of liabilities—0.9%     1,198,103  
 
 
Net Assets—100%   $ 129,455,217  
   
 
1 Security is collateralized by Municipal or U.S. Treasury obligations.
   
2 For purposes of amortized cost valuation, the maturity date of this instrument is considered to be the earlier of the next date on which the security can be redeemed at par, or the next date on which the rate of interest is adjusted. Rate shown is rate as of September 30, 2007.
   
3 Cost for federal income tax purposes is $127,291,085. The net unrealized appreciation on a tax basis is $966,029, consisting of $1,002,233 gross unrealized appreciation and $36,204 gross unrealized depreciation.
 
  The value (market value plus accrued interest) of securities that are covered by insurance, which ensures the payment of principal and interest, represent approximately 97.0% of the Trust's net assets.

       
AMBAC
   —   
38.2%
 
CIFG
   —  
0.8%
 
FGIC
   —  
19.6%
 
FSA
   —  
23.7%
 
MBIA
   —  
14.7%
         
           
KEY TO ABBREVIATIONS
  AMBAC
—
American Municipal Bond Assurance Corp.
  CIFG  
—
CDC IXIS Financial Guaranty
  COP  
—
Certificate of Participation
  FGIC  
—
Financial Guaranty Insurance Co.
  FRDD  
—
Floating Rate Daily Demand
 
FRWD
  
—
Floating Rate Weekly Demand
  FSA  
—
Financial Security Assurance
  GO  
—
General Obligation
  MBIA  
—
Municipal Bond Insurance Assoc.
  RB  
—
Revenue Bond

2


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 Florida Insured Municipal 2008 Term Trust, Inc.

   
  By:  /s/ Donald C. Burke                    
    Donald C. Burke,
President & Chief Executive Officer of
BlackRock Florida Insured Municipal 2008 Term Trust, Inc.
     
  Date:  November 20, 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/ Donald C. Burke                    
    Donald C. Burke,
President & Chief Executive Officer (principal executive officer) of
BlackRock Florida Insured Municipal 2008 Term Trust, Inc.
     
  Date:  November 20, 2007
     
  By:  /s/ Neal J. Andrews                    
    Neal J. Andrews,
Chief Financial Officer (principal financial officer) of
BlackRock Florida Insured Municipal 2008 Term Trust, Inc.
     
  Date:   November 20, 2007